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. -- www.cnxmarketlink.com
Posted June 12th, 2008 by ruzik_tuzik