Energy and Ecology
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Alamo Energy Corp.
Alamo Energy Corp. Successfully Acquires 90% Working Interest in Four Onshore License Blocks
April 9th, 2010
Alamo Energy Corp. (OTCBB:ALME), an independent company focused on the exploration, development and production of onshore oil and gas reserves in the UK and US, has successfully acquired a 90% working interest in four UK onshore license blocks (TQ26, TQ36, TQ46, TQ56) in the south of England totaling approximately 400 square kilometers, having received approval from the Department of Energy and Climate Change (DECC).
Work has now commenced on planning the 2D seismic survey. Alamo holds a 90% working interest on the license, which, according to an independent geological report, estimates Alamo's potential median stake to be approximately 236 million stock tank barrels of...
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Source: Energy and Ecology (2010-04-09)