Ernest C. Schlotter, a senior analyst with Zurich, Switzerland-based SISM Research and a four star analyst according to StarMine, has issued an update on TAMM Oil and Gas Inc. (OTCBB: TAMO) in a four-page report dated December 24, 2012, which includes an overview and asset valuation on its ownership it holds through the Joint Venture agreement with CEC North Star Ltd based in Calgary, Canada. During 2012 Tamm Oil and Gas signed a binding agreement to become a JV-partner of CEC North Star Energy Ltd.; shareholder voting is scheduled for the next AGM in 2013. Tamm Oil agreed to vend into CEC its substantial Oilsands leases adjacent to North Star’s major core leases. CEC North Star Energy holds a portfolio of assets of one hundred percent working interest containing conventional light sweet oil developments, and unconventional long-term heavy oil assets with blue-sky potential of several billions of barrels exploration and developments. Its unconventional carbonate assets hold great promises for the future. After examining the Tamm Oil and Gas development Ernst Schlotter of SISM Research concluded that: “[SISM] view(s) this JV-agreement as very positive for Tamm Oil shareholders, as through this transaction the Company receives a 25%+ ownership in three distinct projects with three different models for development and to take advantage of changes in current technology and economic sensitivities. In addition Tamm Oil benefits from a highly experienced management thus reducing the development’s operating costs significantly. At current market capitalization, Tamm Oil is valued at only $0.014/barrel significantly below our calculated prospective average price of $0.1583/barrel and therefore the company is significantly undervalued.” When asked about Tamm’s growth in value to shareholders Mr.Schlotter stated, “We have conclusively calculated a fair market price of $1.35 for Tamm shares bearing in mind the stock price has the potential to double to $2.70 in 2013 when the planned exploration work is successfully executed.” Source: A complimentary copy of the report, which includes important disclosures, disclaimers and analyst’s qualifications, is available for download via the SISM Website at: http://sism.com/Tamm%20Oil%20Research%20December%2024,%202012%20Final.pdf The full report includes all important disclosures, disclaimer, and analyst information. SISM Research advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker. SISM Research further advise, that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor’s total investigative process.
About SISM ResearchSISM 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. 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). Forward-looking Statements: This press release contains forward-looking statements concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Forward looking statements in this press release include statements about our drilling development program. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the timing and results of our 2012 drilling and development plan. Additional factors include increased expenses or unanticipated difficulties in drilling wells, actual production being less than our development tests, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with oil and gas operations in the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission including the Company's Annual Report on Form 10-K for the year ended December 31, 2011 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. 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 in this press release, such as "probable," "possible," "recoverable" or "potential" reserves among others, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosure in our filings with the SEC.
DisclosuresSISM Research has researched and written this report without any input, contact, advice, or review from the company. This is done to ensure the integrity and independence of all reports undertaken by SISM Research. Any information is gathered from public sources of information including, but not limited to press releases, company Websites, and SEC filings. Morgarten Financial Services ("Morgarten") has retained and paid SISM Research ("SISM") six thousand eight hundred US dollars to resume continuing coverage of TAMM Oil and Gas, Canada Inc., for a two-year period, and Morgarten is under contract to pay SISM 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, Inc. No promise of favorable point of view or opinion was or has been made by SISM or the analyst(s) writing for SISM, to the subject company. Further, it is SISM’s policy that neither the firm nor its principals, nor the firm's assigned and/or other writing analyst(s) own or trade shares of any subject companies or subject companies' "competitors." To assist the reader they should develop their own information they should go to the company website at www.tammoilandgas.com.