Alamo Energy Corp Provides a Work Program Update on Its Four Onshore License Blocks

Alamo Energy Corp. (OTCBB:ALME), is pleased to announce that field work for its permit study has now been completed with the study not highlighting any major obstacles for the proposed seismic survey planned for later this year.

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 is approximately 236 million barrels.

Alamo intends to use its existing seismic data together with the results from its permit feasibility study to define core areas for its seismic shoot which will be submitted for tender later this year.

Allan Millmaker, Alamo’s Chief Executive Officer said “We are continuing to press ahead on our aggressive 2010 work program and we maintain our intention to shoot seismic later this year.”

About Alamo Energy Corp.
Headquartered in London, England and with operational offices in Houston, Texas, Alamo Energy Corp. (OTC.BB: 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 US operations are focused on the development of key assets in Texas and a 5 well drilling program in Kentucky.

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.

Source: Business Wire/Yahoo Finance