Anglo Canadian Oil Corp. (TSX VENTURE:ACG) ("Anglo" or the "Corporation") has released the drilling rig on its Shane 7-11 well after drilling to a total depth of 2650m. A horizontal leg of approximately 1240m was reached and the horizontal wellbore was cased with a multistage fracing and acidizing assembly in order to fully exploit the fractured limestone, shale and dolomitic lenses encountered in the "Nordegg Member" shale formation.

We anticipate that completion work consisting of, but not limited too, swabbing, acidizing, and multi-stage fracturing will commence this week on Shane 7-11.

The drilling rig is moving to Anglo Sturgeon Lake South 15-10 and drilling is expected to be completed within 3 weeks. The well will be cored, logged and evaluated to determine if suitable for a horizontal wellbore.

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".

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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.

SOURCE: Anglo Canadian Oil Corp.