TAMM Oil and Gas Corp. has acquired an additional 5,120 Acres of oil sands leases in the Peace River region of Alberta from Petrocorp Inc ("PTCP"). These new leases increase TAMM's land holdings in the Manning area to over 35,000 acres.
In exchange for the leases, TAMM has issued 1,000,000 shares in full consideration to PTCP.
Don Hryhor, Director and Exploration advisor said, "The new lands acquired are part of the overall strategy to acquire P&NG and Oil Sands leases in the area, prior to commencing development. In the last 30 days, TAMM has increased its land base by over 50%."
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