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.

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