LONDON, Nov. 9, 2010 (GLOBE NEWSWIRE) -- Alamo Energy Corp. (OTCBB:ALME), is pleased to report that its Chief Executive Officer, Allan Millmaker, together with Philip Mann, Chief Financial Officer and its technical partners recently undertook a visit to its UK onshore acreage, the neighboring Palmer's Wood oilfield and the site of the Knockholt discovery well.
The main objective of the site visit was to assess the route chosen for the planned seismic survey and to survey potential future drill sites.
Using the reprocessed seismic lines that run into Alamo's 400 km sq exploration blocks in conjunction with data from wells such as the Knockholt well, we have been able to map the route for our proposed 2D seismic shoot.
Alamo's four UK onshore license blocks (TQ26, TQ36, TQ46, TQ56) lie directly north of the producing Palmer's Wood Oilfield. According to an independent geological report, the hydrocarbon resource potential for all four blocks is approximately 236 million barrels.
Allan Millmaker, Chief Executive Officer, said, "It has been an interesting day visiting the area. Seeing the site for Knockholt discovery well and its close proximity to Alamo's acreage is encouraging."
About Alamo Energy Corp.
Headquartered in London, England and with operational offices in Houston, Texas, Alamo Energy Corp. (OTCBB:ALME) is an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States. The company's UK exploration program is focused on four blocks spread over 400 square kilometers in an onshore oil and gas province in South East England. Alamo's U.S. operations are focused on the development of assets in Texas, Kentucky, Tennessee and West Virginia. For more information visit www.globenewswire.com/newsroom/ctr%3Fd=204338%26l=6%26a=www.alamoenergycorp.com%26u=http%253A%252F%252Fus.lrd.yahoo.com%252F_ylt%253DArhiJdrCxVfS6snWy5ozLav8ba9_%253B_ylu%253DX3oDMTE2anVlcXRtBHBvcwM0BHNlYwNuZXdzYXJ0Ym9keQRzbGsDd3d3YWxhbW9lbmVy%252FSIG%253D114qj1aht%252F%252A%252Ahttp%25253A%252Fwww.alamoenergycorp.com%252F">www.alamoenergycorp.com
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Forward-looking Statements:
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.