| June 09, 2008 TAMM Oil and Gas Corp. Announces Planned Drilling Program | |
| CALGARY, Alberta -- June 9, 2008 - Tamm Oil and Gas Corp. (OTC.BB: TAMO) Tamm recently announced the recent purchase of 14 sections of P&NG leases at an Alberta Crown land sale. These are adjacent to Tamm's existing 21 sections of oil sands leases in the Peace River region of northern Alberta. With this latest acquisition, Tamm now has a 100% working interest in 35 sections, or approximately 22,400 acres. With this large contiguous land position, TAMM management plans to integrate these new lands into an exploration program - consisting 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. Geological work is underway to optimize drilling targets on the combined lands. A previously issued independent engineering report had determined Tamm's original 21 sections contain 1.4 Billion barrels of heavy oil in place. A new report has been commissioned on the newly acquired adjacent 14 sections of leases. This report will be released upon completion. Please visit Tamm Oil and Gas Corp.'s website at www.tammoilandgas.com for more information on our holdings and operations. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS AND RISKS Some of the statements in this press release are forward-looking statements and are based on current expectations, assumptions, and estimates. Words and phrases such as "believes", "expect, anticipate", are intended to identify forward looking statements. Forward-looking statements carry certain risks regarding an assumed set of economic conditions and courses of action, including: (a) whether we will have sufficient financial resources to continue to meet our operational goals and future plans; and (b) the Report and its findings were not necessarily prepared in conformity with SEC disclosure principals or guidelines. There is a significant risk that actual material results will vary from projected results. No information provided in this press release should be construed as a representation or indication in any manner whatsoever of the present or future value of the Company or its common stock. Readers of information contained in this press release should carefully review the Company's filings with the Securities and Exchange Commission that contain important information regarding the Company's financial results, its future plans, and their limitations, and the risks involved with the Company's operations. The Company disclaims any responsibility to update forward looking statements made herein. Contact: Tamm Oil and Gas Corp. (403) 975-9399 info@tammoilandgas.com www.tammoilandgas.com | |
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