$TAMO .134 AMM Oil's New JV Partner "Offers Sign
Post# of 144491
[b]$TAMO[/b] .134 AMM Oil's New JV Partner "Offers Significant Opportunities" for TAMM Oil by Controlling Major Oil sands Leases in Peace River, Alberta
ZURICH, [b][color=blue]Oct 23, 2012[/color][/b] (BUSINESS WIRE) -- Ernest C. Schlotter, a senior analyst with Zurich, Switzerland-based SISM Research has issued an executive summary on TAMM Oil and Gas Inc. (OTC:TAMO) or "Tamm Oil" in a three-page report dated October 22, 2012. The report gives an exclusive overview on Tamm Oil's ready to develop diversified oil sands portfolio located in the Peace River Area. Ernst Schlotter defines in his report specifically what opportunities the latest joint venture agreement actually means for Tamm Oil's future.
"In June 2012 TAMM Oil and Gas Corp. signed a binding agreement to enact a Joint Venture agreement with privately held CEC North Star Energy Ltd., based in Calgary, Alberta. This deal combines the assets of oilsands leases held by both companies in the Peace River Region into an Alberta based oil development corporation. TAMM transferred in trust pending closing, 14,720 acres of oilsands leases to CEC North Star in return for 5M+ shares of CEC North Star. The new entity will then control 53,760 acres of oilsands leases in the Manning Area. With this JV agreement when closed, TAMM will gain a diversified portfolio of oilsands leases, including twenty-five sections of conventional oilsands leaseholds, and thirty-six sections of land for conventional SAGD development with a short timeline goal for development and production.
Ernst explicitly stated that, "A work program has already started to obtain more 3D seismic data and to implement a core drilling program, targeting the Bluesky/Gething formations on the property. If successful an application for a primary recovering development or SAGD Pilot plant will be submitted to the ERCB within the next twelve months." he then concluded that "based on CEC's total properties evaluation, TAMM's ownership in the JV-deal is equivalent to $1.21 per TAMM share".
- Ernst Schlotter, SISM Tamm Oil & Gas Report 22.10.12
The full SISM Research report can be found at Tamm Oil's investor relations agent's website: http://www.helveticprime.com/files/SISM_Tamm_...3_2012.pdf
About SISM Research
SISM Research (http://www.sism.com) is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges. SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium (http://www.investrend.com/FIRST), takes steps to ensure the independence and integrity of SISM's published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting "Standards for Independent Research Providers", which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission's Advisory Committee on Smaller Public Companies.
(0)
(0)