TAMM’s farm-in partner, Cougar Oil & Gas (OTCBB: COUGF), is preparing to drill a well late this summer, testing cold flow production potential, and according to SISM’s Schlotter, “Cougar has identified a ‘sweet spot’ of the Elkton and Debolt reservoir.” Schlotter further stated, “If cold flow production from the carbonates is confirmed, we would see a major revaluation of the entire TAMM Project.”
“By drilling this well,” the research update continues, “key information to the planning and development of this area would be obtained. The preserved core that will be recovered will provide key reservoir information including oil and water saturations and oil viscosity. Cougar/TAMM will also be able to use samples of the core to test the effectiveness of various thermal and solvent treatments which may be utilized throughout TAMM’s lands.”
Schlotter concludes: “We believe that emerging oil sands companies are an attractive investment opportunity in the near, medium, and longer term, and very importantly, we believe TAMM’s Manning project has very good asset quality and the Company will have ability to execute the project.
Source: Traders Huddle
No comments:
Post a Comment