Anglo Canadian Oil Corp.
TSX VENTURE : ACG

Anglo Canadian Oil Corp.

July 05, 2011 09:00 ET

Anglo Canadian Oil Corp. Provides Operations Update

CALGARY, ALBERTA--(Marketwire - July 5, 2011) - Anglo Canadian Oil Corp. (TSX VENTURE:ACG) ("Anglo" or the "Corporation") has completed and flow tested the Dodsland 6-22 well, a new pool discovery, at an approximate initial production rate of 3.5 m3 oil/d (22 bbl/d). Water cuts averaged approximately 5% and sand cuts averaged approximately 5% from the Bakken zone. Initial production rates are not necessarily an indicator of long term productive potential. The well will be put on pump as soon as practically possible. The Dodsland 4-29 well was drilled, completed and abandoned.

Also, Anglo's Sturgeon Lake South 5-10 well, targeting Nordegg oil, is currently being re-completed with an acid job designed to improve flow conductivity.

Two surface locations have been surveyed in Anglo's Ante Creek area of West Central Alberta. These wells are planned to test for Nordegg and Montney oil. Drilling is expected to commence late summer.

Anglo is expecting to complete the installation of a jet pump immediately on their Buffalo Coulee 16-22 well and subsequently resume production on this well which has seen sporadic production history due to sand production. The jet pump installation is designed to alleviate problems associated with sand production. Anglo plans to equip the Dodsland 6-22 well with a jet pump.

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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