CALGARY, Alberta, June 9 /CNW/ -- Tamm Oil and Gas Corp. (OTC Bulletin
Tamm recently announced the recent purchase of 14 sections of P&NG leases
at an Alberta Crown land sale. These are adjacent to Tamm's existing 21
sections of oil sands leases in the Peace River region of northern Alberta.
With this latest acquisition, Tamm now has a 100% working interest in 35
sections, or approximately 22,400 acres.
With this large contiguous land position, TAMM management plans to
integrate these new lands into an exploration 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. Geological work is underway to optimize drilling
targets on the combined lands.
A previously issued independent engineering report had determined Tamm's
original 21 sections contain 1.4 Billion barrels of heavy oil in place. A new
report has been commissioned on the newly acquired adjacent 14 sections of
leases. This report will be released upon completion.
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