Anatolia Energy Inc.

Anatolia Energy Inc.

July 25, 2011 18:45 ET

Anatolia Energy Inc. Announces Initial Public Offering

CALGARY, ALBERTA--(Marketwire - July 25, 2011) -

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Anatolia Energy Inc. ("Anatolia" or the "Company"), announced today that it has filed a preliminary prospectus with the securities regulatory authorities in Ontario, Manitoba, Saskatchewan, Alberta and British Columbia, in connection with a proposed initial public offering (the "Offering") of common shares (the "Common Shares"), to be offered for sale on a "best efforts" agency basis through a syndicate of agents to be co-led by Raymond James Ltd. and Canaccord Genuity Corp. and including TD Securities Inc. and Haywood Securities Inc. (collectively, the "Agents").

Pursuant to the Offering, the minimum gross proceeds to be raised will be $35,000,000 (the "Minimum Offering") and the maximum gross proceeds to be raised will be $45,000,000 (the "Maximum Offering") with pricing to be determined in the context of the market. In addition, the Company has granted an option (the "Over-Allotment Option") to the Agents pursuant to which the Agents will have the option to offer for sale up to an additional number of Common Shares that is equal to 15% of the number of Common Shares issued under the Offering. The Over-Allotment Option is exercisable, in whole or in part, at any time on or before the date that is 30 days following the closing date of the Offering, to cover over-allocations, if any, and for market stabilization purposes.

The Company's exploration plan is in the Anatolia Basin of Turkey and intends to focus on certain prospects and trends identified by the Company in its Bismil, Antep, Besni and Sinan licences. These include the Paleozoic Bedinan sand, Cretaceous Mardin strike slip trend, Grazan Reef trend and the Silurian Dadas shale oil trends. The Company has identified multiple prospects within each of these trends and is currently planning to drill seven wells (in the case of the Minimum Offering) to eight wells (in the case of the Maximum Offering) based on current seismic data, past discoveries and the acquisition of approximately 615 km of 2D and 230 km² of 3D seismic data. These prospects have multiple reservoir targets and will be defined with new seismic data.

A copy of the preliminary prospectus, which contains important information relating to the Offering, is available on the SEDAR website at www.sedar.com. Copies of the preliminary prospectus may be obtained from any of the agents listed above or from your IIROC registered financial advisor.

The preliminary prospectus is subject to completion or amendment. There will not be any sale or acceptance of an offer to buy the Common Shares until a receipt for the final prospectus has been issued. Completion of the Offering is subject to and conditional upon the receipt of all necessary approvals, including regulatory approvals.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered hereunder have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States of America (the "United States") and, subject to certain exceptions, may not be offered or sold within the United States or its territories or possessions except in transactions exempt from registration under the U.S. Securities Act and under the securities laws of any applicable state. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities offered hereby within the United States, its territories or possessions.

About Anatolia Energy Inc.

Anatolia is an international oil and gas company engaged in the exploration and development of oil and gas in Turkey. The Company can earn working interests from 25% to 50% in eight onshore licences in southeast Turkey's Anatolia Basin totaling 795,886 gross acres or 3,220 km2 (336,509 net acres or 1,362 km2). The Company has identified four major exploration trends, including the Silurian Dada shale oil trend, over its licences and has identified 15 potential drilling prospects.

This press release contains certain forward-looking statements. These statements relate to future events or the Company's future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", "predict" and "potential" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including, without limitation, those listed under the headings "Special Note Regarding Forward-Looking Information" and "Risk Factors" in the Company's preliminary prospectus dated July 25, 2011 relating to the Offering. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking statements that are contained in this press release, except in accordance with applicable securities laws.

Contact Information

  • Anatolia Energy Inc.
    Patrick McGrath
    Chief Financial Officer
    1-604-562-2311

    Raymond James Ltd.
    Sonny Mottahed
    Investment Banking
    1-403-509-0532

    Canaccord Genuity Corp.
    Bruce McDonald
    Investment Banking
    1-403-508-3806