31 Oct 2014quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $24 thousand for the period ended 2014-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Aug 2014quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $36 thousand for the period ended 2014-06-30.
30 June 2014late filing notice▼ Bad
TAMM Oil & Gas Corp. notified the SEC that its annual report would be filed late.
6 Feb 2014quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $14 thousand for the period ended 2013-12-31.
8 Nov 2013quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $16 thousand for the period ended 2013-09-30.
14 Aug 2013quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $15 thousand for the period ended 2013-06-30.
13 Feb 2013quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $82 thousand for the period ended 2012-12-31.
9 Nov 2012quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $10.9 million for the period ended 2012-09-30.
22 Aug 2012quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $32 thousand for the period ended 2012-06-30.
14 Aug 2012quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $32 thousand for the period ended 2012-06-30.
14 Feb 2012director interest notice● Neutral
TAMM Oil & Gas Corp. director William Stewart Tighe sold 17,875,000 shares at $1610.00.
14 Feb 2012director interest notice● Neutral
Zentrum Energie Trust Ag became a TAMM Oil & Gas Corp. director and company insider (initial ownership filing).
10 Feb 2012quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $32 thousand for the period ended 2011-12-31.
2 Nov 2011quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $33 thousand for the period ended 2011-09-30.
12 Aug 2011quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $67 thousand for the period ended 2011-06-30.
30 June 2011late filing notice▼ Bad
TAMM Oil & Gas Corp. notified the SEC that its annual report would be filed late.
30 June 2011late filing notice▼ Bad
TAMM Oil & Gas Corp. notified the SEC that its annual report would be filed late.
26 May 2011material agreement● NeutralMajor
On May 24, 2011 Tamm agreed to convert debts owed to seven creditors into units of one restricted share plus one half warrant ($0.30), priced off a $0.15 30-day average. The amounts include 6,594,333 units to Dianella Corp. for about $989,150, 2,295,744 units to Garry Tighe for about $344,362, 1,481,406 units to Watima Solutions for about $222,211, and smaller amounts to Dacona, Asperago Holdings, Guido Hilekes and John Muzzin. Tamm also received $144,000 from Maushen Finanz Inc of Zurich under a private placement and will issue 800,000 units (one share at $0.125 plus a three-year $0.25 warrant). This turns debt into new shares, which dilutes existing holders; the filing does not give the total debt or say what the debts originally were for, and earlier context recorded no disclosed debt. The Zentrum right of refusal on equity financings (from the June 2009 farmout) was not mentioned, and the filing does not say whether it applies here.
2 Mar 2011auditor change● Neutral
Tamm dismissed its auditor StarkSchenkein, LLp (the successor name to the Stark Winter Schenkein firm it hired in 2008) on February 28, 2011, with board approval dated February 23, and engaged RBSM LLP for the year ending March 31, 2011. Stark's reports for the years ended March 31, 2010 and 2009 carried a going-concern warning (working capital deficit and significant losses), which continues the doubt first raised in the 2007 report; the filing states there were no disagreements with Stark and no reportable events.
17 Feb 2011quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $51 thousand for the period ended 2010-12-31.
15 Feb 2011late filing notice▼ Bad
TAMM Oil & Gas Corp. notified the SEC that its quarterly report would be filed late.
1 Nov 2010quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $68 thousand for the period ended 2010-09-30.
27 July 2010quarterly activities report▼ Bad
TAMM Oil & Gas Corp. reported a quarterly net loss of $66 thousand for the period ended 2010-06-30.
16 Nov 2009late filing notice▼ Bad
TAMM Oil & Gas Corp. notified the SEC that its quarterly report would be filed late.
7 Oct 2009material agreement● NeutralMajor
Tamm reports that due diligence on the May 2009 land purchases from 1164572 Alberta, Asperago and Elestone finished in September 2009 and the deal closed on September 24, 2009, with the shares issued in trust pending transfer of land titles. This resolves the May 28 agreement; the terms (2,428,000 shares to 1164572 and 7,286,000 each to Asperago and Elestone, 2% overriding royalties retained by sellers) are unchanged, and the land titles had not yet been transferred.
30 June 2009material agreement● NeutralMajor
On June 26, 2009 Tamm signed a farmout with Zentrum Energie Trust AG of Switzerland covering heavy oil rights on up to 276,000 gross (138,000 net) acres in the Peace River area. Tamm can pay 100% of the costs to earn 100% of Zentrum's working interest in sections validated by drilling, and Zentrum keeps a 3% gross overriding royalty. Zentrum also gets a first right of refusal on any Tamm equity financing for 36 months. The filing gives no drilling commitments or cost figures, and the right of refusal limits how Tamm can raise equity.
26 June 2009late filing notice▼ Bad
TAMM Oil & Gas Corp. notified the SEC that its annual report would be filed late.
18 June 2009material agreement● NeutralMajor
On June 12, 2009 Tamm agreed to buy Union Energy (Alberta), LLC from Petrocorp Inc. for 1,000,000 Tamm shares; the 8-K describes this as acquiring 100% working interest in 5,120 acres of Alberta oil sands leases. The agreement states 62,780,000 shares outstanding, 1,280,000 options and warrants at a weighted $1.75 exercise price, and 17,000,000 shares to be issued for the May 2009 land deals. It also lists the Deep Well lawsuit in Nevada as an existing action against Tamm. The share count of 62,780,000 differs from the 84,313,000 reported after the cancellation, and the filing does not explain the difference.
28 May 2009material agreement● NeutralMajor
On May 21, 2009 Tamm agreed to acquire 100% of 1,280 acres of oil sands leases from 1164572 Alberta Ltd. for 2,428,000 shares, and 100% of 6,400 acres of petroleum and natural gas leases in the Manning area from Asperago Holdings and Elestone for 7,286,000 shares each. The sellers keep a 2% gross overriding royalty on their leases. Closing was expected within 60 days after due diligence and title transfer. This adds land paid for with new shares, which dilutes existing holders.
5 Sept 2008capital raising announcement● NeutralMajor
On September 5, 2008 Tamm agreed that 1384482 Alberta Ltd. would buy the shares of 1132559 Alberta Ltd., and Tamm would issue one preferred share to 1384482 and 15,000,000 restricted common shares to 1132559's shareholders. 10,833,333 common shares and the preferred share were issued that day, and the remaining 4,166,667 common shares are to be issued on conversion of the preferred share. The shares are held in escrow until remaining conditions are met. This follows the May 2008 agreement tied to the share cancellation; the filing does not say what 1132559 owns, and the new shares dilute existing holders.