TAMM Oil and Gas Corp. announced that they received an updated report from Chapman Petroleum Engineering Ltd., was commissioned by TAMM to issue a report for the determination of heavy oil in place for 35 sections of land for which TAMM has a 100% working interest. This report was issued to include the recent purchase of 14 sections of Petroleum and Natural Gas (P&NG) leases that TAMM purchased at an Alberta Crown sale. These 14 sections are adjacent to the 21 sections of Oil Sands leases that the corporation already holds.
With the new acquisition included, Chapman determined that the Mississippian-aged Lower Debolt and Elkton member zones for our 35 sections of land contain 2.33 billion barrels of original total heavy oil in place.
TAMM management plans to integrate these new lands into a program which consist of drilling, coring, and testing for primary production. This exploration program is currently planned for four to six wells for execution in the upcoming winter drilling season.
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