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CEC North Star Energy Ltd Announces Major Advancements in Its Heavy Oil Project and Signs on Helvetic Prime for Investor Relations ~TAMO
CALGARY, Canada--(BUSINESS WIRE)--CEC North Star Energy Ltd or “CEC North Star” (“the Corporation”), A Calgary based private Heavy Oil Company, with major resources in the Peace River area of northern Alberta has just released the findings of its latest internal Geological / Geophysical study. This technical report, with other reviews and presentations can be found on the following company website link: http://www.cecnorthstar.com/presentations-reports
After review of this report management has committed to obtaining an additional third party analysis after the winter work program is completed, this will then be used to define the next stages of the development plan.
This work is being conducted in conjunction with its Joint Venture Partner Tamm Oil and Gas Corporation (OTC:TAMO) who has entered into an agreement to vend into the Corporation substantial additional oil sand leases adjacent to North Star’s core leases.
The Corporation has accelerated both its development plans based on the recent technical studies and will pursue its intention to create a publicly traded vehicle in 2013.
About CEC North Star
CEC Northstar Energy Ltd is a non-public Calgary based Energy Corporation with a substantial oilsands lease holding in the Peace River block of north western Alberta Canada.
CEC North Star has acquired sixty-one (61) sections respectively 39,040 acres of leaseholds with a prospective resource of 873 MM bbl (Best Estimate) PIIP in the Elkton Debolt formations based on a 25 section independent analysis. The same independent petroleum engineering firm conducted a feasibility study 139 Mil (NPV @ 10% fully risked) based on a typical four sections development of the Elkton/Debolt. In addition the property is prospective for Bluesky/Gething oil sands formations which may lead to early primary production development similar to other projects in the Peace River Block offering significant production potential.
CEC North Star has entered into joint venture on adjoining properties consisting of 23 sections or 14,720 acres which may increase PIIP (Petroleum Initially in Place) to in excess of three (3) billion barrels.
CEC North Star goals of ultimately 100,000 bbl/d of bitumen from these lands and objectives are to create value by developing these oilsands properties using scalable project development targeting multiple 5-10,000 bbl/d facilities with stakeholder involvement at every stage – Environment, Occupational Health and Safety are of paramount concern. Use of known technologies while remaining flexible to adopt new processes to maximize recovery of oil in place while reducing operating costs and a relatively quick schedule and lower capital costs compared to other oilsand projects resulting in maximum return on capital invested and quicker shareholder returns.
FORWARD LOOKING STATEMENTS DISCLAIMER
Maybe can fly off the chart soon.
okay.. Heavy oil stuff! Just broke 10 million volume. Maybe dreams will be realized soon. Chart to watch here for a while to come.
holding; Tamm Oil & Gas Corp. (TAMO)
0.193 ? 0.059 (44.03%)
Volume: 7,631,209 @ 12:41:45 PM ET
Bid Ask Day's Range
0.193 0.1965 0.145 - 0.217
TAMO Detailed Quote Wiki
"During 2012 ~TAMO signed a binding agreement to become a JV-partner of CEC North Star Energy Ltd.; shareholder voting is scheduled for the next AGM in 2013. Tamm Oil agreed to vend into CEC its substantial Oilsands leases adjacent to North Star’s major core leases. CEC North Star Energy holds a portfolio of assets of one hundred percent working interest containing conventional light sweet oil developments, and unconventional long-term heavy oil assets with blue-sky potential of several billions of barrels exploration and developments. Its unconventional carbonate assets hold great promises for the future."
$TAMO may end up being a money volume winner as well as a buzz factor play!
Exactly! That holds true for most patterns in charting! For example, let's take in mind the cup and handle pattern. The longer the base on that pattern, the more explosive and sustained the run at the end will be! You know your stuff and I agree :)
$TAMO is just building a higher base.
Yes everything is looking good! Seem to be building a great base here! If your a chartist you know how much better it is to build a base here then move up instead of run straight up! I think we have a good push up in the next hour or so!
TAMO >>> Tamm Oil and Gas Corp. has acquired a 100% working interest in 29 contiguous sections of mineral rights or 18,500 acres in Alberta in the Peace River Oil Sands Area. These mineral rights are considered to be prospective for heavy oil in the Mississippian Debolt, Elkton and other formations.
$TAMO consolidating nicely in this range. I'm not worried here! Great opportunity to buy a dip still IMO.
nice zig $TAMO still strong into lunch..
Wow tha dip didnt last long! Crazy volume buying the dip! People want these shares!!! I think we are ready for the next leg up after that small pull back!
call this heavy oil stuff.
That's absolutely insane! :D Go $TAMO! No slowing down today. Just 2,500 shares left at .2050 and then we're looking to hit a new high of day soon imo.
This one is holding onto some super gains here! TAMO is oiled and ready!
Yes actually! http://ih.advfn.com/p.php?pid=nmona&article=55602159&symbol=TAMO
That release came out saying fair value for $TAMO is $1.35 and it could realistically double that.
Also this is a StockGoodies alert!
$TAMO is Beating out Fannie Mae for $ Volume!! ;)
i am surprised with these early gains...any news?
Nice chart! This is a true BREAKOUT, Mick! Holding up here very well too!
$TAMO
$TAMO rebounding back nicely after that little mini dip! Plenty of upside ahead IMO.
Who's pumping this?
$TAMO running on this news! 56% hod testing all the time!
Thanks M1! Go TAMO
TIMBRRRRRRRRRRRRRRRRRRRRR
Happy to be a shareholder here!! Go TAMMMMMMO!!!!
$TAMO up 61%, holy cow! Congratulations to those making some serious bank here!
The report was dated on th 24th or 25th. Today is the 27th, TAMO 56%
TAMO moving up north & breaking resistance's this am
,,,,,,When did they find out they were undervalued???? BEFORE THE PROMO....OR AFTER??
,,,,,,,,YOU GET P[A[I[D FOR THIS PUMP....ER PROMO
$TAMO Company Valuation Prospective Resource - CEC North Star Energy Ltd
We anticipate the shareholders of Tamm Oil and Gas to accept the JV-agreement with CEC
North Star Energy Ltd. at their AGM in 2013. The assets are valued as follows:
Formation Source Rock Resources bbl Value $/bbl Sum
Bluesky/Gething Formation Cla stic 800.0 million* $ 0.25 $200'0 00'000
Elkton Member Carbonate 547.7 million $0.125 $68'462'500
Debolt Formation Carbonate 326.0 million $0.125 $40'750'000
TAMM Debolt/Elkton Carbonate 1,400.0 million $0.125 $175'000'000
TOTAL $484'212'500
TAMO 25.8% Ownership $124‘926‘825
Value Per Share 92,582 ,524 $1.349
Buzz is BIG on TAMO ~ It's the #1 most Tweeted penny stock...
On PennyStockTweets.com today!...
$TAMO nice read here "Page 2
The Key Investment Points
In May 2012 Tamm Oil and Gas and CEC North Star Energy Ltd signed a binding agreement
whereby Tamm will transfer twenty-one sections of oilsands leases it holds in the Manning Area
in escrow pending shareholder approval at the next AGM in 2013. In return, Tamm
shareholders will receive of 5,062,500 shares of CEC North Star common voting shares
respectively get a 25.8% ownership in CEC North Star Energy Ltd. CEC North Star will be
responsible for rental costs of the Manning lands going forward.
lookin good here~ thanks for the TAMO *alert* =
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82811888
keep em coming...
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766
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01/14/08
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Free
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Reporting Status | U.S. Reporting: SEC Filer |
Audited Financials | Audited |
Latest Report | Sep 30, 2014 10-Q |
CIK | 0001374845 |
Fiscal Year End | 3/31 |
OTC Marketplace | OTC Pink Current |
SIC - Industry Classification | 1311 - Crude petroleum and natural gas |
Incorporated In: | NV, USA |
Year of Inc. | Not Available |
Employees | Not Available |
William S. Tighe | President, CEO |
Trevor M. Countryman | Secretary, Treasurer |
William S. Tighe | Chairman |
Guido Hilekes |
Market Value1 | $786,951 | a/o Jan 15, 2015 |
Shares Outstanding | 92,582,524 | a/o Aug 14, 2013 |
Float | Not Available | |
Authorized Shares | Not Available | |
Par Value | 0.001 |
Shareholders of Record | 32 | a/o Jun 28, 2013 |
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Short Interest | 0 (-100%) Nov 15, 2014 |
Significant Failures to Deliver | No |
Nevada Agency and Transfer Company |
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