TAMM Oil & Gas Corp (OTCPK:TAMO), is an emerging junior oil and gas exploration company. TAMM Oil and Gas Corporation was formerly Hola Communications Ltd. until November 2007. The Company plans to add value to this company by drilling and the production of petroleum and heavy oil. TAMM has over 18,000 acres of heavy oil rights in the Peace River Oil Sands Area of Alberta Canada.
On October 23, 2012, TAMO announced that it would be teaming up with CEC North Star Energy Ltd. for a joint venture agreement. The deal combines the assets of both companies. TAMO would transfer in trust over 14,000 acres to CEC and get over 5M shares of CEC. Together they will control over 53,000 acres in the Manning Area. TAMO in the end will gain 25 sections of oilsands leasehold and 36 sections for development.
TAMO is currently trading at $.21. Over the course of the past 52 weeks, this stock has seen a low trade of $.05 and a high trade of up to $.26. The previous close for this company was $.134. The company's market cap is at $19.44M.
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William S. Tighe
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.