Second graph, link should be http://www.investrend.com/TAMO_7-7-10.pdf (sted http://www.investrendsyndications.net/resources/sism%20research/). The corrected release reads: TAMM OIL & GAS RESEARCH NOTE ISSUED BY SISM RESEARCH New Resource Assessment Conducted on Four Sections Adjacent to Core Manning Area Applied by SISM to Calculate Net Present Value of Project to be C$2.3 Billion, Approximately $27.50 Per Share Ernest C. Schlotter, a senior analyst with SISM Research and a four star analyst according to StarMine, has released a research note for Tamm Oil and Gas (OTCBB: TAMO) focusing on lighter and heavy oil developments in Peace River, Alberta, Canada. A complementary report, which includes important disclosures, disclaimers and analyst qualifications, is available for download via the Investrend Syndications website (at http://www.investrend.com/TAMO_7-7-10.pdf). Investors are advised to read disclosures carefully before trading in the equities of any publicly traded company. According to the Ernst Schlotter’s SISM research note: “Tamm Oil and Gas is one of the largest leaseholders in the Manning Area (22,400 acres) in the Peace River region of northern Alberta. An independent engineering report dated November 2009 estimated a total of 3.14 billion barrels of heavy oil-in-place from the Mississippian Elkton and the Mississippian Lower Debolt Formation only on Tamm’s oil sands lands. Two wells have been drilled on Tamm’s leases; the two well logs showed excellent porosity and high resistivity and the induction log indicates hydrocarbons. The Shell Canada Chipmunk Project, which is near Tamm’s Manning prospect, became the first sustained high-volume commercial producer of heavy oil from carbonate rocks in Canada. Just recently, GPI Oil and Gas Inc. (TSXV: GPI), which owns 2,560 acres adjacent to Tamm’s properties, reported that an updated independent engineering report determined total heavy oil-in-place on GPI’s lands for the two most significant potential carbonate reservoir zones amounted to more than 200 million barrels of oil, 109,749 MSTB for the Elkton and 96,256 MSTB for the Lower Debolt. The oil gravity in these carbonate deposits is estimated at about 9 API, based on analogous pools in the general area. Estimated recoveries are based upon factors of 15, 10, and 25 percent for ‘best,’ low, and high respectively. The assessment report lists the best estimate of contingent resources as 30,900,000 standard barrels of oil.”
Analyst Schlotter also noted: “The fair market value for Tamm’s oil sand leases in Manning based on Chapman’s NPV@10% assessment for GPI amounted to C$2,332,136 or $27.50 per share. Tamm currently trades near its book value and based on our findings, the Company is significantly undervalued. Tamm’s value potential will be enhanced by proving up the assets and proved and probable bitumen and barrels in development or production will carry higher EV multiples. There are many junior oil sands companies like Tamm out there that are effectively being valued at almost zero and the new appetite for large oil sands properties will revalues those assets soon, as they have strategic long-term value.”About Tamm Oil & Gas Corp: Tamm Oil & Gas Corp. is an emerging junior oil and gas exploration and development company based in Calgary, Alberta, Canada. The Company plans to add corporate asset value through the drilling and production of petroleum and heavy oil. Tamm has acquired 55 sections (35,200 acres) of oil and gas rights (Manning Properties), has a 50% working interest in a 276,000-acre (138,000 net acre) farm-in deal and has acquired 5,000 acres all in the Peace River Oil Sands Area of NW Alberta. The Company’s working interest is in petroleum, natural gas, and heavy oil rights on these lands. Released resource assessments estimates more than 3.1 billion original barrels of heavy oil-in-place for the Manning properties only, within the Mississippian Debolt and Elkton zones. The Tamm lands are also considered to be prospective for conventional light oil and natural gas. About SISM Research: SISM Research ( http://www.sism.com) is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges. SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium ( http://www.investrend.com/FIRST), takes steps to ensure the independence and integrity of SISM’s published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting “Standards for Independent Research Providers”, which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies (see http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf). About The Investrend Research Syndicate: The Investrend Research Syndicate ( http://www.investrend.com/research/syndicate), a proprietary entity of Investrend Communications, Inc., distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the “Standards for Independent Research Providers” ( http://www.investrend.com/FIRST/standards). Disclosures: Morgarten Financial Services (a “third party”) paid SISM Research a retainer of five thousand US dollars to resume continuing coverage of Tamm Oil and Gas for a two-year period, and Morgarten Financial Services is under contract to pay SISM Research an ongoing fee of one thousand eight hundred and fifty US dollars per month over that two-year period to ensure continuation of SISM’s independent coverage of Tamm Oil and Gas.
SISM has paid Investrend Communications, Inc. (“Investrend”) a portion of SISM's collected fees from Morgarten Financial Services for a “distribution and visibility” program, provided by the Investrend Research Syndicate (Div., Investrend) in support of SISM's Tamm Oil and Gas coverage.“Safe Harbor” Statement: This announcement contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Carbon Friendly Solutions, Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Carbon Friendly Solutions, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade. Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms on this press release, such as prospective resource or Original Oil in Place, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10K. You can also obtain this form from the SEC by calling 1-800-SEC-0330. Additional information may be found at the following web site.
Disclaimer:The OTC Bulletin Board Exchange has neither approved nor accepts responsibility for the adequacy or accuracy of the above news release. ( Source for SISM Research description: SISM Research, Inc.) ( Source for Tamm Oil and Gas description: Tamm Oil and Gas) ( Source for Investrend description: Investrend Communications, Inc.) ( Press release source: Tamm Oil & Gas Corp.)