Attached files
| file | filename |
|---|---|
| 8-K - ALAMO FORM 8-K 01/11/10 - Alamo Energy Corp. | alamoform8k011110.htm |
| EX-10.1 - LETTER AGREEMENT WITH AIMWELL ENERGY LIMITED, DATED AS OF JANUARY 11, 2010 - Alamo Energy Corp. | alamoex101.htm |
Exhibit
99.1
Alamo Energy Corp. Agrees to
Farm into Four UK Onshore Blocks
London --
Alamo Energy Corp. (OTCBB:ALME) has entered into an agreement to farm into four
UK onshore license blocks (TQ 26, TQ36, TQ46, TQ56) in the south of
England totalling 400km sq. Pursuant to the agreement and subject to
approval by the UK Department of Energy and Climate Change (DECC), Alamo will
own a 90% working interest on the license which according to an independent
report would estimate Alamo’s median stake to be approximately 236 million stock
tank oil initially in place (STOIIP).
Alamo has
also submitted an application to become the exploration operator for the
license. Under the terms of the license, the joint partners will have to
undertake 60km of 2D seismic survey on the lease.
"This
agreement fits Alamo’s business model and provides us with an exploration
opportunity in the Weald Wessex province directly north of the Palmers Wood
Oilfield. We believe a prospect of this size and potential is normally
associated with offshore fields.” said Allan Millmaker, Alamo's Chief Executive
Officer.
About
Alamo Energy Corp.
Alamo
Energy Corp. is an Independent Oil & Gas, Exploration, Development and
Production Company with its shares publicly traded on the OTCBB under the ticker
symbol ALME. The operational offices are located in Houston, Texas with the
headquarters in London, United Kingdom. Shareholders and prospective investors
are encouraged to visit Alamo's website:www.alamoenergycorp.com
This
press release contains forward-looking statements (as defined in Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended) 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. 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, changes in the Company’s business; competitive factors in the
market(s) in which the Company operates; risks associated with operations
outside the United States; and other factors listed from time to time in the
Company’s filings with the Securities and Exchange Commission. 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.
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