Anglo Canadian Oil Commences Drilling Ante Creek Well

Anglo Canadian Oil announced that its 8-3-67-26 W5 Ante Creek well has spudded. Drilling operations are expected to continue for a further two weeks followed by well completion.

The drilling rig is expected to be moved to Anglo's 3-4-67-26 W5 immediately following the 8-3 well.

Theses two wells target the Nordegg and Montney zones.

Pending the successful results on these two wells, Anglo is prepared to drill horizontal wells from the same surface leases.

Anglo owns rights to 172,160 acres (269 sections) of potential Nordegg oil bearing lands in West Central Alberta, as well as 89,919 acres (140 sections) of potential oil bearing Beaverhill Lake and Duvernay lands in Central Alberta and an additional 17,640 acres (27 sections) of potential Bakken and Mannville oil bearing lands in the Kindersley area of Southwest Saskatchewan. In the vast majority of these lands, the Corporation holds a 100% working interest.