CALGARY, Jan. 30, 2012 /CNW/ - Anatolia Energy Corp. (the "Company")
(TSX-V: AEE) reports that testing operations on the Caliktepe-2 well on
its Bismil licenses have been completed. The wellbore encountered high
reservoir quality Bedinan sand with porosities up to 15% and
permeabilities up to 7 millidarcies. A drill stem test also recovered
38° API oil over an interval that included the lower Dadas shale and
the upper Bedinan sand, however, a production test targeting only the
Bedinan sand resulted in formation water and mud filtrate being
The wellbore velocity data from the Caliktepe-2 well was integrated with
the Company's newly acquired 3D seismic data resulting in a new
interpretation of the Caliktepe prospect and confirming that the
Caliktepe-2 well penetrated the Bedinan sand at a structurally lower
position than the original Caliktepe-1 well.
The prospectivity of the remaining Bismil licenses remains unchanged.
The new 3D seismic data, which covers the northern half of the
Company's Bismil licences, and the velocity data obtained from the
Caliktepe-2 well will be used to improve the mapping and assessment of
the Company's other undrilled prospects at Bismil. The Company is
currently utilizing the updated interpretation to evaluate new
strategies including testing the Garzan reef trend and conducting early
production testing of the Dadas shale oil resource play.
Geochemical logs and the high quality oil recovered from the drill stem
test in the Caliktepe-2 well continue to support the Company's
assertion that the Dadas shale is a highly prospective unconventional
reservoir. The Company plans to use the Caliktepe-2 well for additional
testing of the Dadas shale pending the results of the upcoming core
analysis (April 2012).
Dadas Shale Coring Program
Five cores taken from the Caliktepe-2 well within the Dadas shale have
arrived in Calgary and are currently undergoing detailed analysis. More
than 30 meters of the lower Dadas shale will be analyzed for oil
quality, rock mechanics, geochemistry attributes and reservoir
properties. Results from this analysis are expected in April 2012.
The Dadas shale is a major source rock throughout the Middle East and
North Africa. Anatolia believes its emerging Dadas shale oil play has
similar rock properties to the Niobrara shale oil pay in Colorado. AJM
Petroleum Consultants (now AJM Deloitte), the Company's independent
engineer, assigned 718 million barrels of undiscovered petroleum
initially in place net to Anatolia on the northern half of the
Company's Bismil licence in a NI 51-101 resource report dated May 2011
with an effective date of April 30, 2011.
About Anatolia Energy Corp.
Anatolia is an international oil and gas company engaged in the
exploration and development of oil and gas assets in Turkey and
Colombia. Anatolia has the right, pursuant to its joint venture
agreements with Calık Enerji, the wholly-owned oil and gas subsidiary
of the large Turkish conglomerate Çalık Holding A.Ş., to earn working
interests between 25% and 50% in two development licences and 50% in
six exploration licences covering an aggregate of 336,509 net acres of
land in Turkey's proven Southeastern oil basin. Anatolia is focused on
four play types in Turkey namely the Paleozoic Bedinan sand trend,
Cretaceous Mardin strike slip trend, Garzan reef trend and Silurian
Dadas shale oil trend. The Silurian Dadas shale oil play in Turkey is
the major source rock throughout the Middle East. In Colombia, Anatolia
holds a 17.5% interest, subject to approval by the Agencia Nacional de
Hidrocarburos, and has the right to earn an additional 17.5% interest
in the LLA-24 block in the prolific Llanos Basin. The block covers an
area of approximately 147,000 gross acres (51,450 net acres) and is
surrounded by high rate light oil production.
Prospective resources are those quantities of petroleum estimated, as of
a given date, to be potentially recoverable from undiscovered
accumulations by application of future development projects.
Prospective resources have both an associated chance of discovery and a
chance of development. There is no certainty that it will be
commercially viable to produce any portion of the prospective
Certain information included in this press release constitutes
forward-looking information under applicable securities legislation.
Such forward-looking information is provided for the purpose of
providing information about management's current expectations and plans
relating to the future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes, such as making
investment decisions. Forward-looking information typically contains
statements with words such as "anticipate", "believe", "expect",
"plan", "intend", "estimate", "propose", "project" or similar words
suggesting future outcomes or statements regarding an outlook.
Forward-looking information in this press release may include, but is
not limited to, information with respect to: operational decisions and
the timing thereof, and timing for drilling and exploration plans on
the properties of Anatolia. Forward-looking information is based on a
number of factors and assumptions which have been used to develop such
information but which may prove to be incorrect. Although Anatolia
believes that the expectations reflected in such forward-looking
information are reasonable, undue reliance should not be placed on
forward-looking information because Anatolia can give no assurance that
such expectations will prove to be correct. Readers are cautioned that
the foregoing list is not exhaustive of all factors and assumptions
which have been used. Anatolia undertakes no obligation to update
forward-looking statements if circumstances or management's estimates
or opinions should change, unless required by law. For further
information on the Company and the risks associated with its business,
please see the Company's Joint Information Circular dated November 7,
2011, which is available on SEDAR. The reader is cautioned not to
place undue reliance on this forward-looking information.
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 press
SOURCE Anatolia Energy Corp.
For further information:
Peter Argiris, VP Business Development
Anatolia Energy Corp.
403.802.0770 ext. 225