SISM Research Note On Tamm Oil & Gas
Confidence is back in the Alberta oil sands, as Tamm Oil adds a 276,000-acre farm-in deal (50% WI) to its heavy oil portfolio and becomes a major player in the Manning heavy oil development area in Peace River.
October 2, 2009 (Investrend Research Syndicate) — Ernest C. Schlotter, a senior analyst with SISM Research and a four star analyst according to StarMine, has released a research update, dated September 25, 2009, for Tamm Oil and Gas (OTCBB: TAMO) focusing on heavy oil developments in Peace River, Alberta, Canada.
A complementary report, which includes important disclosures, disclaimers and analyst qualifications, is available for download via the Investrend website (http://www.investrend.com/sism/tamo). Investors are advised to read disclosures carefully before trading in the equities of any publicly traded company.
According to the report:
“Confidence is back in the Alberta oil sands as PetroChina a major Chinese energy company announced early this month it would make a $1.9-billion investment in the privately-owned oil sands firm Athabasca Oil Sands Corp. This marks China’s biggest entry ever into Alberta’s oil sands…”
Tamm Oil has created a significant amount of value over the last two years by acquiring substantial heavy oil resources in Peace River. We have not given any value to the new major leasehold acquisition to demonstrate our conservative approach, and we believe most of this value is not yet recognized in the share price…”
About Tamm Oil & Gas:
Tamm Oil & Gas Corp. (http://www.tammoilandgas.com) is an emerging junior oil and gas exploration and development company based in Calgary, Alberta, Canada. The Company plans to add corporate asset value through the drilling and production of petroleum and heavy oil. Tamm has acquired 55 sections (35,200 acres) of oil and gas rights (Manning Properties), has a 50% working interest in a 276,000-acre (138,000 net acre) farm-in deal and has acquired 5,000 acres all in the Peace River Oil Sands Area of NW Alberta. The Company’s working interest is in petroleum, natural gas, and heavy oil rights on these lands. Internal and external estimates have determined more than 3.1 billion original barrels of heavy oil-in-place for the Manning properties only, within the Mississippian Debolt and Elkton zones. The Tamm lands are also considered to be prospective for conventional light oil and natural gas.
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, 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.
About The Investrend Research Syndicate:
The Investrend Research Syndicate, a proprietary entity of Investrend Communications, Inc., distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the “Standards for Independent Research Providers” (http://www.investrend.com/irp_standards), as promulgated by the FIRST Research Consortium (http://www.investrend.com/first_research).
Morgarten Financial Services (a “third party”) has paid SISM Research a retainer of eight thousand eight hundred and fifty US dollars to resume continuing coverage of Tamm Oil and Gas for a two-year period, and Morgarten Financial Services is under contract to pay SISM Research an ongoing fee of one thousand eight hundred and fifty US dollars per month over that two-year period to ensure continuation of SISM’s independent coverage of Tamm Oil and Gas.
SISM has paid Investrend Communications, Inc. (“Investrend”) a portion of SISM’s collected fees from Morgarten Financial Services for a “distribution and visibility” program, provided by the Investrend Research Syndicate (Div., Investrend) in support of SISM’s Tamm Oil and Gas coverage.
“Safe Harbor” Statement:
This announcement contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including statements regarding potential sales, the success of the company’s business, as well as statements that include the word “believe” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Tamm Oil and Gas Corp. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Tamm Oil and Gas Corp assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade.
Cautionary Note to U.S. Investors:
The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms on this press release, such as prospective resource or Original Oil in Place, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10K. You can also obtain this form from the SEC by calling 1-800-SEC-0330. Additional information may be found at the following web site.
The OTC Bulletin Board Exchange has neither approved nor accepts responsibility for the adequacy or accuracy of the above news release.
Source: SISM Research