As you can see I'm using bevel and emboss as the main tool to create tar style. Plus to that I've added a little bit of texture.

Result? Good. It is Very alike.

So I will go on in practicing PS effects.

Just make a copy of amillo text layer switching off all the styles.

Blue Cell Effects

Turn off fill 0%.

Blue Cell Effects

And
select the whole layer.

Save selection!!!

Blue Cell Effects

Further the selection a little bit.

Blue Cell Effects

Go to channels menu box and create a new document with similar size.

Blue Cell Effects



Blue Cell Effects