Anglo Canadian Oil Corp.
TSX VENTURE : ACG

Anglo Canadian Oil Corp.

April 15, 2011 08:00 ET

Anglo Canadian Oil Corp. Operations Update

CALGARY, ALBERTA--(Marketwire - April 15, 2011) - Anglo Canadian Oil Corp. ("Anglo" or the "Corporation") (TSX VENTURE:ACG) is in the final stages of licensing two wells in its Kindersley/Dodsland area of South West Saskatchewan. Targeting both the Bakken and Mannville formations, these potential oil wells are expected to spud in early summer, pending the necessary approval and equipment availability. With the successful outcome of these wells, a 3-D seismic survey will be conducted upon which a horizontal drilling program will be implemented.

Anglo is also pleased to announce that at recent Alberta Crown sales it has purchased an additional 86,144 acres (34,456 ha) of petroleum and natural gas mineral rights. These lands principally target oil prone formations in Central Alberta, both from conventional reservoirs and source rock formations.

Geological and geophysical work on the Nordegg, including 2-D seismic interpretation covering the Southerly portion of Anglo's Nordegg lands is nearly complete and indicates a number of potential drilling locations. Anglo expects to initiate the licensing of two to three wells when potential locations can be scouted for access. The later than normal winter break-up coupled with a heavy snow pack may delay the expected spudding of these wells into late summer.

The Nordegg play has seen a continued increasing interest from other players, with at least seven new horizontal wells in the area being recently licensed into the Fernie group, which includes the "Nordegg Member".

Comprehensive analysis of the Nordegg core has shown where possible improvements might be made in the completion treatment of the Nordegg formation. After winter breakup Anglo intends to recomplete the Sturgeon Lk. South 5-10 well utilizing the findings from the core testing.

Anglo is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. The Common Shares are listed on the TSX Venture Exchange under the trading symbol "ACG".

For further information please visit the Anglo website at http://www.anglocanadianoil.com/

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein may constitute forward-looking statements Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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