Tamm Oil and Gas Corp. Announces Acquisition of 100% Working Interest in 21 Sections in the Manning Area of Peace River



    CALGARY, Alberta, Feb. 28 /CNW/ -- Tamm Oil and Gas Corp. (OTC Bulletin
Board: TAMO) is pleased to announce the Company has acquired 100% ownership of
21 contiguous sections of land totaling 13,440 acres in the Peace River Oil
Sands Area of NW Alberta.  The company acquired 100% working interest in
mineral rights on these lands which are prospective for heavy oil in the
Debolt, Elkton and other formations.
    These Manning Area properties were acquired by Tamm Oil and Gas at a land
sale in December 2007.  Initial internal analysis indicates that these
sections should hold prospective for significant amounts of heavy oil in the
Debolt, Elkton and other zones.
    "This is another major leap forward for Tamm.  Our team has proven that
it is very adept at locating and securing some of the most promising oil sands
properties available.  Over the last few months, we have managed to acquire
direct and indirect ownership in 90 sections of leases and licenses.  With oil
prices hitting new record highs on a consistent basis, we have quickly
positioned Tamm to potentially be a major player in the Canadian Oil Sands
supply chain for years to come," says Wiktor Musial, President of Tamm Oil and
Gas.
    The addition if the Manning Area Sections further enhances Tamm Oil and
Gas' position as a major up and coming player in Alberta's exploding oil sands
boom.  The company's consulting geologist believe that these properties have
the potential to hold as much as 1.2 billion original barrels of oil in place
between the various zones with the majority in two specific zones.
    These estimates do not include any potential oil reserves with in the
Bluesky  formation, which the company intends to evaluate in the future.
    "We plan on taking immediate steps to acquire all of the data necessary
to begin exploring our new Manning Area properties.  We are already working to
acquire trade data seismic for the adjoining properties in an effort to
analyze them for potential later acquisitions as well as to optimize our
planned drilling/coring program.  Our current plans call for a three to five
well coring program with an additional 20 to 30 kilometer seismic program to
supplement that coring data over the winter season of 2008-2009 to quantify
the potential resource," adds Musial.
    For more information about Tamm Oil and Gas Corp. and its holding and
operations, please visit the company's website at:
http://www.tammoilandgas.com.
    Forward-Looking Statements in this news release that are not historical
facts are forward-looking statements that are subject to risks and
uncertainties. Forward-looking statements are based on current facts and
analyses and other information that are based on forecasts of future results,
estimates of amounts not yet determined and assumptions of management. Forward
looking statements are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "aims", "potential", "goal", "objective", "prospective", and
similar expressions or that events or conditions "will", "would", "may",
"can", "could" or "should" occur. Actual results could differ materially from
those projected in the Company's proposed Oil and Gas related business. The
Company's business is subject to various risks, which are discussed in the
Company's filings with the Securities and Exchange Commission ("SEC"). The
Company business is subject to various risks, which are discussed in the
Company's filings. Additional information on risks for the Company can be
found in filings on Edgar of other junior oil and gas exploration companies
with the US Securities and Exchange Commission. The Company's filings may be
accessed at the SEC's Edgar system at http://www.sec.gov. No information
included in this press release should be construed in any shape, form, or
manner, regarding the value of Tamm Oil and Gas Corp. or its common stock.




For further information:

For further information: Wiktor Musial of Tamm Oil and Gas Corp., 
+1-403-975-9399 Web Site: http://www.tammoilandgas.com

Organization Profile

TAMM OIL AND GAS CORP.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890