2010-03-11-2010-01-14

To farm-in on onshore blocks TQ26, 36, 46 & 56 in southern England.

Alamo Energy Corp., London, (OTCBB: ALME) has entered into a farm-in agreement for a 90% working interest in four blocks in southern England. The onshore blocks (TQ26, 36, 46 and 56) comprise approximately 155 square miles.

The company says that an independent geological report estimates its potential median stake in the license at 236 million stock tank barrels of oil initially in place.

Alamo says it has submitted an application to become the operator for the license, which requires the joint partners to undertake a 2-D seismic survey on the lease.

The deal is subject to approval by the U.K. Department of Energy and Climate Change.