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Tamm Oil and Gas Corp. (TAMO)

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Last Post: 11/20/2014 11:31:00 AM - Followers: 27 - Board type: Free - Posts Today: 0
TAMM Oil & Gas Corp 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) 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.


Press Release Information



Tamm Oil and Gas Corp.
Suite 405, 505 8 Ave. SW
Calgary, Alberta
T2P 1G2

Telephone 1+(403) 686-1000





Nevada Agency and Transfer Company

Transfer Agent
50 W. Liberty St.
Suite 880
Reno, NV, 89501



Cougar Oil and Gas Canada Inc. Announces Farm In on Heavy Oil Project

CALGARY, ALBERTA, Mar 17, 2011 (MARKETWIRE via COMTEX) -- Cougar Oil and Gas Canada Inc. ("Cougar" or the "Corporation") (OTCBB: COUGF) is pleased to announce a Farm-in agreement has been finalized with a public company regarding the development of a heavy oil prospect in the Manning area of northern Alberta.

Cougar has entered into a two phase farm-in agreement with TAMM Oil and Gas Corporation (TAMM) which will ultimately result in Cougar earning a 50% working interest in approximately 47 sections or 30,000 acres of heavy oil prospective lands in the Manning area. This is in the same area as the heavy oil farm-in agreement previously announced by the Corporation on February 14, 2011. TAMM originally acquired these lands in 2008 and has a previously prepared independent third party estimate of 3.14 billion barrels of original oil in place for the prospect.

The Farm-in agreement has two earning phases which will allow Cougar to become the operator and earn a 50% working interest in the prospect. The first phase of the farm-in is a work commitment to earn a 30% working interest of the TAMM prospect. The work commitment will consist of Cougar spending $2.5 million over the next 12 months on a work program consisting of seismic and drilling evaluation, and independent third party geological and project feasibility studies. Cougar will also become the operator of the project area once the first phase is completed.

The second phase of the farm-in will allow Cougar to earn an additional 20% working interest of the TAMM prospect and includes a work commitment to spend an additional $6.5 million over a 24 month period following the first phase. The work program will consist of drilling, coring, feasibility studies and updates to reserve/resource estimates.

Cougar would also like to provide an update to the drilling of the first horizontal well on the Corporation's Trout project. The drilling operations are continuing with the horizontal leg currently drilling in the target Keg River formation. It is anticipated the drilling will be finished over the next 72 hours and then the drilling rig will be demobilized. At that time the completion rig will be moved on to the well to test the Keg River inflow.

Mr. Glenn Watt, COO and President for Cougar stated, 'We are very excited to be able to announce this heavy oil farm-in with TAMM. This 30,000 acre farm-in will allow Cougar to quickly gain a significant holding in the Peace River Oil sands Area. Heavy oil land sales in the farm-in area have recently exploded with over 190,000 sections of heavy oil rights being posted for the next 2 land sale auctions. Oil commodity prices continue to strengthen and the forecast for heavy oil differentials remains bullish supporting this commitment but it is important to note the farm-in does not include any drop fees or penalties which could damage the Corporation. Our operational and technical experience will allow us to efficiently and effectively develop these heavy oil prospects. This farm-in will also benefit from operational synergies with our previous farm-in in the Manning area and allows Cougar to continue building a second core area to complement our existing Trout production area.

The development plan for the Trout production area has matured nicely over the last 12 months and we have prepared additional 3D seismic and multi-well drilling programs which will be executed and result in accelerated growth from that conventional oil prospect over the next 2 to 3 years. The planning for a third quarter 3 to 5 well conventional oil drilling program has been kicked off with the final well locations expected to be selected by the end of April.

The Trout production area has a defined development program and resources assigned to make it successful and that allows Cougar to begin working on the second core area which will result from the TAMM farm-in."



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Current Price
Bid Ask Day's Range
TAMO News: Quarterly Report (10-q) 10/31/2014 02:27:13 PM
TAMO News: Quarterly Report (10-q) 08/01/2014 12:10:14 PM
TAMO News: Annual Report (10-k) 07/10/2014 11:48:42 AM
TAMO News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 06/30/2014 01:01:45 PM
#693   All I know is that we cannot trade pual 11/20/14 11:31:00 AM
#692   Their website is even down now. Maybe keyscruiser 11/19/14 01:33:33 PM
#691   That was 2 years ago when the scammers pual 11/19/14 12:39:24 PM
#690   Pretty high teck promo for a 2 cent keyscruiser 11/18/14 10:10:25 AM
#689   Whatever the situation, I cannot even get rid pual 07/18/14 10:14:51 AM
#688   10k How does this company even stay in business..?? keyscruiser 07/14/14 12:25:33 PM
#687   8K says Tighe is out. They do keyscruiser 05/29/14 02:40:17 PM
#686   What is unbelieveable is that in 2013 crooks pual 12/19/13 09:07:34 AM
#685   A deep sea trawler would come up empty TraderGash 10/03/13 12:42:30 PM
#684   If you want to know what happened to bhumiartha 09/06/13 12:49:59 AM
#683   Thank you. In this for a long time, pual 09/04/13 08:44:28 AM
#682   I am sorry to say you have been bhumiartha 08/27/13 10:38:43 AM
#681   Wouldn't it be nice if the management of pual 08/09/13 08:52:43 AM
#680   "OTO" "OTC" ......what's the difference? pual 06/12/13 11:51:50 AM
#679   again Roy London 04/13/13 05:33:43 PM
#678   have it on my radar...thxs Roy London 04/07/13 05:27:28 PM
#677   TNKY is going to explode!! Look at the mkkanman 04/07/13 04:52:06 PM
#676   showing Roy London 04/06/13 11:08:53 PM
#675   It's sad watching this stock fall steadily every investamic 02/19/13 10:15:09 AM
#674   Beat the 10d moving avg today! This investamic 01/28/13 07:53:15 PM
#673   Can we get some volume tomorrow please! investamic 01/15/13 10:39:04 PM
#672   ouch. $4? I feel for ya. IRVINESULLY 01/06/13 01:03:22 PM
#671   I think you missed it. I got keyscruiser 01/05/13 09:39:07 AM
#669   As soon as you start pumping it. investamic 01/03/13 03:57:42 PM
#668   Heard big pump coming for this one.When does steamingstockpile 01/03/13 02:14:35 PM
#667   Yes that is excellent news - I guess IRVINESULLY 01/02/13 12:56:15 PM
#665   Gonna have to say im impressed with TAMO's resilience... Money Train 12/31/12 09:14:12 PM
#664   Lots of news for TAMO - We should IRVINESULLY 12/31/12 07:39:39 PM
#663   Welp someone with a boat load of shares Money Train 12/31/12 10:22:58 AM
#662   I am waiting for the pumpers to get Phoenixlord 12/29/12 02:45:33 PM
#661   Did someone really buy 960k + shares yesterday Money Train 12/29/12 10:31:46 AM
#660   ,,,,,,,HOW'S TAMO SMELLING .20C BUYERS!!!! I WARNED YOU M0NEYMADE 12/28/12 03:46:29 PM
#659   Very true Jackie... bid support seems to be makincentswithpennys 12/28/12 02:50:43 PM
#658   This is holding up well under the current Penny Roger$ 12/28/12 01:43:59 PM
#657   Quiet in here lol. Looks good from here. mannymoney 12/28/12 11:45:41 AM
#656   Very true! Im looking at the charts tho makincentswithpennys 12/28/12 10:31:15 AM
#655   going the wrong way FLOPPS 12/28/12 10:29:06 AM
#654   Wow...that was original. bcapps66 12/28/12 10:09:19 AM
#653   Timberrrrrrr Irish32 12/28/12 10:05:26 AM
#652   WE ARE GREEN AGAIN!! LETS SLAP THE ASK makincentswithpennys 12/28/12 09:47:30 AM
#651   Yes we should have a great day! Just makincentswithpennys 12/28/12 09:40:39 AM
#650   WOW! Hope you didnt get weak and sell makincentswithpennys 12/28/12 09:37:42 AM
#649   Go TAMO... IRVINESULLY 12/28/12 09:37:05 AM
#648   MORE NEWS OUT!! Lets rock and roll guys! makincentswithpennys 12/28/12 09:26:56 AM
#647   Trade penny stocks dont marry them , I JustFlippingPennies 12/28/12 08:24:58 AM
#646   TAMO has ZERO last quarter revenue, zero cash StockPunter85 12/28/12 05:28:51 AM
#645   Good luck to all TAMO bag-holders. Please be StockPunter85 12/28/12 04:37:43 AM
#644   NEWS!!! 12/28/12 truthbetold 12/28/12 04:31:33 AM
#643   TAMO Tamm Oil and Gas Corp. mick 12/28/12 03:02:49 AM
#642   Lets see if this one has more room jduce1 12/28/12 01:35:28 AM