Tamm Oil and Gas (TAMO) has some exciting times ahead. First off, there is fact that oil has been rallying and many people are predicting $100 a barrel very soon. That coupled with their recent announcement of having 2.33 billion barrels of total oil in place we believe TAMO's upward potential to be astounding.
If those two points don't get you excited about the possibilities of TAMO then allow us to outline the current ownership and prospects of TAMO.
ALBERTA OIL SANDS
• Account for about 30% of Canada's total oil production
• They are the world’s largest reserves of bitumen with an initial volume in place of 1.7 trillion barrels
• Based on current technology, the remaining established reserves are 174 billion barrels
• Alberta and Canada now rank second in the world for oil reserves behind Saudi Arabia
MANNING
• Excellent existing infrastructure – roads, highways and pipelines
• In the same area as the prolific Shell Cadotte Fields, Blackrock and Penn West Slave and Seal Fields
• Potential for five pay zones in Cretaceous Bluesky, Gething sands, Permian Belloy, and Mississippian Debolt & Elkton at shallow depth
• Potential for light end of “heavy” API oil (e.g., 14 to 18 API)
• Potential for 25 to 30 billion barrels of original heavy oil in place in the general Manning area
• Abundant inexpensive Crown lands available • N.W. of Peace River – well trained work force with lower labor costs than Ft. McMurray
• Reduced transportation costs to market with heavy oil upgraders planned
SAWN LAKE
• Letter of Intent (LOI) to acquire 10% direct ownership of the mineral rights on the Sawn Lake 63 sections of oil sands leases
• 3 wells drilled on
If you haven't already read the research report on Tamm Oil and Gas from our previous emails, please do so now. http://www.sism.com/Tamm%20Oil%20Research%20Report%20May%2018%202009.pdf
Here's a few quotes from the report: "...Tamm Oil and Gas is sitting on more than 2.3 billion barrels of heavy oil originally in place resources on its Manning Project. The Company will target the two most significant potential carbonate reservoir zones in the area, the Elkton and Lower Debolt formations..." and "...Based on our findings using three different valuation metrics, we believe today’s value for TAMO shares should be $3.02. Long-term, using an EV ratio of $0.75 instead of $1.00, and assuming a 35% recoverable rate of heavy oil,TAMO is worth $9.80 per share...."
So, according to the above report, TAMO should be worth over 275% more than its current share price of $0.75!
TAMO's 2-month chart above shows that the price is currently at an oversold value. Which means it's a great time to be investing. TAMO's technicals are showing signs that a jump back to the $ 0.90 range is not very far off. And, with the tremendous potential of TAMO, getting in at $0.80 is a steal! TAMO has the potential to be our biggest stock pick this year! Make sure you don't miss out. Do your research on TAMO right now!
To view a quote for TAMO, Click Here.
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