Analyst report shows a vast amount of carbonates resources on Tamm Oil & Gas’ Manning Project in Peace River, Alberta; findings suggest untapped reserves.
Emerging junior oil and gas exploration and development company Tamm Oil and Gas (OTCBB: TAMO) recently announced that a four-star research analyst recently released an updated report regarding the company’s Manning Project in Peace River, Alberta, showing the presently held and additional acreages acquired by the company contain significant barrels of oil originally in place (OOIP).
Ernest C. Schlotter, a senior analyst with SISM Research and a four-star analyst according to StarMine released an updated report stating the Manning Project in Peace River contains approximately 3.16 billion OOIP.
“The new lands acquired are contiguous to Tamm’s lands already owned and have increased its holding in the world class Manning project by 26%. Based on Chapman’s parameters we calculated the total of heavy oil in place to be 3,158,871,600 [barrels],” Schlotter wrote in the report.
Tamm Oil & Gas lease holdings, including the recently acquired 7,860 acres lease, total more than 30,000 acres. The newly acquired leased land location trends within known significant heavy oil resources, representing large potential of carbonates resources in the Alberta region.
“The Manning Project is within the carbonate trend that is known to host a significant heavy oil resource. The carbonates are the next frontier in the Alberta oil industry,” Schlotter continued. “Like oil sands two decades ago, carbonates represent an enormous and relatively untapped petroleum resource. The prospective heavy oil reserves at Manning, and the indications of deeper conventional oil potential justify an aggressive, continued lease acquisition, coupled with seismic studies and exploration drilling programs by the company.”
Investors cheered with 11 times average volume Friday afternoon at Schlotter’s assessment of Tamm’s value based upon OOIP estimates, as Schlotter concluded, “Currently Tamm is valued at $0.019 per barrel based on our new oil originally in place (OOIP) assessment of 3.15 billion barrels. We believe today’s value for Tamm shares should be $2.75 and long-term share value may reach $10.40.”
About Tamm Oil & Gas (OTCBB: TAMO)
Tamm Oil & Gas Corp (OTCBB: TAMO) 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 47 sections (30,080 acres) of oil and gas rights (Manning Properties) in the Peace River Oil Sands Area of NW Alberta. The company holds a 100% working interest in petroleum, natural gas and heavy oil rights on these lands. Internal company estimates have determined over 3 Billion original barrels of heavy oil in place on the properties within the Mississippian Debolt and Elkton zones. The Tamm lands are also considered to be prospective for conventional light oil and natural gas.
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. BeaconEquity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
About BeaconEquity.com
BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.
Beacon Equity Group Disclaimer
This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Tamm Oil & Gas (OTCBB: TAMO) announces Analyst Assessment of 3.16 Billion Barrels of Carbonates on Company’s Leased Land
Posted by BeaconEquity.com on Jun 08, 2009 | No comment
Analyst report shows a vast amount of carbonates resources on Tamm Oil & Gas’ Manning Project in Peace River, Alberta; findings suggest untapped reserves.
Ernest C. Schlotter, a senior analyst with SISM Research and a four-star analyst according to StarMine released an updated report stating the Manning Project in Peace River contains approximately 3.16 billion OOIP.
“The new lands acquired are contiguous to Tamm’s lands already owned and have increased its holding in the world class Manning project by 26%. Based on Chapman’s parameters we calculated the total of heavy oil in place to be 3,158,871,600 [barrels],” Schlotter wrote in the report.
Tamm Oil & Gas lease holdings, including the recently acquired 7,860 acres lease, total more than 30,000 acres. The newly acquired leased land location trends within known significant heavy oil resources, representing large potential of carbonates resources in the Alberta region.
“The Manning Project is within the carbonate trend that is known to host a significant heavy oil resource. The carbonates are the next frontier in the Alberta oil industry,” Schlotter continued. “Like oil sands two decades ago, carbonates represent an enormous and relatively untapped petroleum resource. The prospective heavy oil reserves at Manning, and the indications of deeper conventional oil potential justify an aggressive, continued lease acquisition, coupled with seismic studies and exploration drilling programs by the company.”
Investors cheered with 11 times average volume Friday afternoon at Schlotter’s assessment of Tamm’s value based upon OOIP estimates, as Schlotter concluded, “Currently Tamm is valued at $0.019 per barrel based on our new oil originally in place (OOIP) assessment of 3.15 billion barrels. We believe today’s value for Tamm shares should be $2.75 and long-term share value may reach $10.40.”
About Tamm Oil & Gas (OTCBB: TAMO)
Tamm Oil & Gas Corp (OTCBB: TAMO) 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 47 sections (30,080 acres) of oil and gas rights (Manning Properties) in the Peace River Oil Sands Area of NW Alberta. The company holds a 100% working interest in petroleum, natural gas and heavy oil rights on these lands. Internal company estimates have determined over 3 Billion original barrels of heavy oil in place on the properties within the Mississippian Debolt and Elkton zones. The Tamm lands are also considered to be prospective for conventional light oil and natural gas.
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. BeaconEquity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
About BeaconEquity.com
BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.
Beacon Equity Group Disclaimer
This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.