Tamm Oil & Gas has taken an extra 5120 acres of oil sands leases in Alberta's Peace River via an share deal with Petrocorp.

The move bossts Tamm's holdings in the Manning area to more than 35,000 acres, it said in a statement released today.

In exchange for the leases, Tamm has issued 1 million shares in full consideration to Petrocorp.

"The new lands acquired are part of the overall strategy to acquire oil sands leases in the area, prior to commencing development. In the last 30 days, Tamm has increased its land base by over 50%," company director Don Hryhor said.