Anglo Canadian Oil Corp.
TSX VENTURE : ACG

Anglo Canadian Oil Corp.

September 30, 2011 12:19 ET

Anglo Canadian Oil Corp. Provides Ante Creek Drilling Operations Update

CALGARY, ALBERTA--(Marketwire - Sept. 30, 2011) - Anglo Canadian Oil Corp. (TSX VENTURE:ACG) ("Anglo" or the "Corporation") has spudded its 3-4-67-26 W5 location, targeting the Nordegg and Montney zones.

As previously announced, the 8-3-67-26 W5 Ante Creek well has been successfully cored, logged and cased.

Petrophysical analysis from logs and preliminary core analysis has been performed on the Nordegg and Montney Zones. Four core samples were taken from the Nordegg and nine from the Montney.

Preliminary core results showed oil staining in both the Nordegg and the Montney zones, accompanied by fractures. Petrophysical analysis from logs shows that the TOC content within the Nordegg averages approximately 4.5%. The four core plugs taken from limestone stringers within the Nordegg zone show oil saturations ranging from 37% to 75% and gas permeabilities from 0.01 millidarcies to 0.49 millidarcies, and porosities from 3% to 11%.

From the nine core plugs taken from the Montney zone, oil saturations ranged from 35% in the upper regions to 11% in the lower regions with corresponding free movable water. Porosities range from approximately 3% to 15% while gas permeabilities range from 0.01 milliDarcies to 0.88 milliDarcies.

Completion techniques expected to be applied on the 8-3 well include acid on the Montney zone and acid and sand fracturing on the Nordegg zone. Completion activities on this well are expected to commence early next week.

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

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