Anglo Canadian Oil Corp.
TSX VENTURE : ACG

Anglo Canadian Oil Corp.

September 08, 2010 07:30 ET

Anglo Canadian Oil Corp. Provides Operations Update

CALGARY, ALBERTA--(Marketwire - Sept. 8, 2010) - Anglo Canadian Oil Corp. ("Anglo" or the "Corporation") (TSX VENTURE:ACG) is pleased to announce that a multistage frac on the "Nordegg Member" ("Nordegg") has been successfully performed as planned on the Shane 7-11 well.

Approximately 600m of the 1240m horizontal leg was fractured in 6 stages. Swabbing operations are ongoing, and it may take up to 2 weeks or more before initial production numbers are known.

Rigorous analysis of core samples and logs coupled with petrophysical analysis has provided Anglo management with considerable insight into the potential productive capabilities of the Nordegg. Petrographic analysis of a major constituent rock type of the Nordegg shows low amounts of ductile clay minerals and abundance of brittle calcite, which management believes will respond well to a fracture stimulation.

Anglo holds a 100% working interest in 269 sections (172,000 acres) of potential oil bearing Nordegg lands in West Central Alberta with a total estimated un-risked resource of 6.47 billion barrels of discovered petroleum initially-in-place. See the AJM Petroleum Consultants report at www.anglocanadianoil.com and Anglo's press release of July 20, 2010 for discussion of defined terms and disclaimers.

Anglo is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. Anglo's 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.

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