Anglo Canadian Oil Corp.
TSX VENTURE : ACG

Anglo Canadian Oil Corp.

January 13, 2011 12:27 ET

Anglo Canadian Oil Corp. Provides Operations Update

CALGARY, ALBERTA--(Marketwire - Jan. 13, 2011) - Anglo Canadian Oil Corp. ("Anglo" or the "Corporation") (TSX VENTURE:ACG) is pleased to report it has purchased 146 km of 2D seismic in the Ante Creek and Sturgeon Lake areas. This purchase and subsequent interpretation will assist Anglo in determining the best drilling locations in the Nordegg Member, or conversely whether further 2D or 3D seismic is required. It is expected that further drilling in the Nordegg play will commence after breakup.

A single well battery has been installed on Anglo's most recently completed Nordegg well, the vertical 5-10 Sturgeon Lake South and production is expected to be initiated within a few days. Initial analysis on the 5-10 well shows the API oil gravity to be 24 degrees while viscosity is 16 mPa*s at 60 deg C (downhole temperature). Aromatic content is 58% while asphaltenes are 2%. High aromatic and low asphaltene content in oils enhances flow characteristics. Frac tracer analysis was performed on the 5-10 and shows the frac to be well contained within the Nordegg zone.

Anglo possess 269 section of Nordegg oil shale rights in the West Central region of Alberta and an additional 26 sections of potential Bakken and Mannville oil bearing lands in the Kindersley/Dodsland area of SW Saskatchewan.

In addition, Anglo has purchased 93 km of 2D seismic in the Kindersley/Dodsland area of SW Saskatchewan. Pending further interpretation of the seismic, drilling potential Bakken and/or Mannville oil horizons is expected to commence as early as April.

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.

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