CALGARY, Alberta, June 23 /CNW/ -- TAMM Oil and Gas Corp. ("TAMM") (OTC
Bulletin Board: TAMO) announces that they have received an updated report from
Chapman Petroleum Engineering Ltd. ("Chapman"), a petroleum engineering firm
based in Calgary, Alberta that was commissioned by TAMM to issue a report for
the determination of heavy oil in place for 35 sections of land for which TAMM
has a 100% working interest. This report was issued to include the recent
purchase of 14 sections of Petroleum and Natural Gas (P&NG) leases that TAMM
purchased at an Alberta Crown sale. These 14 sections are adjacent to the 21
sections of Oil Sands leases that the corporation already holds.
With the new acquisition included, Chapman determined that the
Mississippian-aged Lower Debolt and Elkton member zones for our 35 sections of
land contain 2.33 billion barrels of original total heavy oil in place.
TAMM management plans to integrate these new lands into a program --
consisting of drilling, coring, and testing for primary production. This
exploration program is currently planned for four to six wells for execution
in the upcoming winter drilling season.
Please visit TAMM Oil and Gas Corp.'s website at
http://www.tammoilandgas.com for more information on our holdings and
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS AND RISKS
Some of the statements in this press release are forward-looking
statements and are based on current expectations, assumptions, and estimates.
Words and phrases such as "believes", "expect", "anticipate", are intended to
identify forward looking statements. Forward-looking statements carry certain
risks regarding an assumed set of economic conditions and courses of action,
including: (a) whether we will have sufficient financial resources to continue
to meet our operational goals and future plans; and (b) the Report and its
findings were not necessarily prepared in conformity with SEC disclosure
principals or guidelines. There is a significant risk that actual material
results will vary from projected results. No information provided in this
press release should be construed as a representation or indication in any
manner whatsoever of the present or future value of the Company or its common
stock. Readers of information contained in this press release should carefully
review the Company's filings with the Securities and Exchange Commission that
contain important information regarding the Company's financial results, its
future plans, and their limitations, and the risks involved with the Company's
operations. The Company disclaims any responsibility to update forward looking
statements made herein.
For further information:
For further information: TAMM Oil and Gas Corp., +1-403-975-9399,
email@example.com Web Site: http://www.tammoilandgas.com