Anglo Canadian Oil Corp.
TSX VENTURE : ACG

Anglo Canadian Oil Corp.

July 12, 2010 18:07 ET

Anglo Canadian Oil Corp. Provides Drilling Update

CALGARY, ALBERTA--(Marketwire - July 12, 2010) - Anglo Canadian Oil Corp. ("Anglo" or the "Corporation") (TSX VENTURE:ACG) has successfully retrieved 32 meters of Nordegg Member core on their Shane 7-11 well. Presence of hydrocarbons in the core suggests the well is a suitable candidate for a horizontal multi-stage frac completion in the Nordegg Member oil shale. Horizontal drilling will commence after well logging is complete.

This summer's drilling and evaluation program is primarily designed to aid in further evaluating the oil resource on Anglo's 172,000 acre Nordegg Member oil shale land position in the Grande Prairie region of West Central Alberta. Anglo expects to drill 4 wells this summer. Anglo's summer drilling and completion program is expected to be completed in September of this year.

The Nordegg Member is a known organic rich oil source in Alberta and may be well suited to benefit from the latest horizontal multi stage fracing techniques.

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".

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.

Contact Information

  • Anglo Canadian Oil Corp.
    James R. Ehret
    President
    403-508-9961
    403-508-9395 (FAX)
    jehret@traxion.ca