SISM Research Issues Update Report On TAMM Oil & Gas
NEW YORK--(BUSINESS WIRE)--
(Investrend Research Syndicate) -- Ernest C. Schlotter, senior analyst
with Zurich, Switzerland-based SISM Research and a four star analyst
according to StarMine, has issued an update on TAMM Oil & Gas, Inc.
(OTCBB: TAMO). The 18-page report, dated July 1, 2011, includes detailed
information regarding progress being made toward unlocking oil from
carbonates at the company‘s Manning project in Peace River, Alberta. An
updated analyst's rating/recommendation from Schlotter is also included
in the report.
The full report includes important disclosures, disclaimers and analyst
information. SISM Research advises investors to exercise a reasonable
degree of due diligence before trading in the equities of any public
company, including carefully reading entire analyst reports and report
disclosures, and then only in conjunction with advice from a registered
financial advisor or broker. SISM Research further advises that any
analyst rating, recommendation, target valuation, price target or
opinion should be considered merely a portion of an investor's total
investigative process.
A complimentary copy of the 18-page update report, which includes
important disclosures, disclaimers and analyst's qualifications, can be
directly downloaded for a limited time via the Investrend Research
Syndicate (at http://www.investrend.com/TAMO-Update.pdf),
as well as via the SISM Research website (at http://www.sism.com/researchreportstamm.htm).
According to analyst Schlotter's report:
“A just-released feasibility study clearly indicates that the potential
of the Manning project is of sufficient merit to justify the work
program targeting the carbonates in the Project. While the engineering
firm valued TAMM's Manning project at $130 million (or approximately
$1.30 per share) it is very important to note that only four sections
(or approximately 7%) of the entire leaseholds has been validated.
“The two most significant potential carbonate reservoir zones in the
Manning area are the Elkton and the Lower Debolt formations. Based on
the report, 2.7 billion barrels of oil are estimated on TAMM's
leaseholds. In May, 2011, privately held Laricina Energy, Ltd., reported
a breakthrough in extracting heavy oil from carbonate formations and
began selling oil to the market.
“Five years ago, nobody in the industry believed that such a technology
could work in extracting oil from carbonate-hosted formations, but now
it has been proven that it works. In our view TAMM's Project geology is
very favourable for carbonate commercialization when compared with data
from Laricina, which will be extensively discussed in our report.”
TAMM's farm-in partner, Cougar Oil & Gas (OTCBB: COUGF), is preparing to
drill a well late this summer, testing cold flow production potential,
and according to SISM's Schlotter, “Cougar has identified a ‘sweet spot'
of the Elkton and Debolt reservoir.” Schlotter further stated, “If cold
flow production from the carbonates is confirmed, we would see a major
revaluation of the entire TAMM Project.”
“By drilling this well,” the research update continues, “key information
to the planning and development of this area would be obtained. The
preserved core that will be recovered will provide key reservoir
information including oil and water saturations and oil viscosity.
Cougar/TAMM will also be able to use samples of the core to test the
effectiveness of various thermal and solvent treatments which may be
utilized throughout TAMM's lands.”
Schlotter concludes: “We believe that emerging oil sands companies are
an attractive investment opportunity in the near, medium, and longer
term, and very importantly, we believe TAMM's Manning project has very
good asset quality and the Company will have ability to execute the
project.”
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.
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.”
“Safe Harbor” Statement
This announcement may contain 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 & Gas, Inc., 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 & Gas, Inc., management 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 resource
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 may use certain
terms on this press release, such as those related to prospective
resources, that the SEC's guidelines strictly prohibit us from including
in filings with the SEC. US 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
SEC website.
Disclaimer
The OTC Bulletin Board Exchange has neither approved nor accepts
responsibility for the adequacy or accuracy of the above news release.
Disclosures
SISM Research has researched and written the above-referenced report
without any input, contact, advice, or review from the subject company.
Any information has been gathered from public sources of information
including, but not limited to press releases, company websites, and SEC
filings. Morgarten Financial Services ("Morgarten") paid SISM Research
("SISM") an initial retainer of six thousand eight hundred and fifty US
dollars to resume continuing coverage of TAMM Oil and Gas, and Morgarten
is under contract and is paying SISM an ongoing fee of one thousand
eight hundred and fifty US dollars per month over a 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 for a “distribution and
visibility” program, provided by the Investrend Research Syndicate
(Div., Investrend) in support of SISM's TAMM Oil and Gas coverage. No
promise of favorable point of view or opinion was or has been made by
SISM or the analyst(s) writing for SISM, to the subject company.
Further, it is SISM's policy that neither the firm nor its principals,
nor the firm's assigned and/or other writing analyst(s) own or trade
shares of any subject companies or subject companies' "competitors".
Additional information about TAMM Oil & Gas is available via the
company's website (at http://www.tammoilandgas.com),
and additional information about Cougar Oil & Gas Canada is available
via Cougar's company website (at http://www.cougarenergyinc.com).
SISM Research
Tel: (+41) 44-881-2020
Email: research@sism.com
Website:
http://www.sism.com
