CALGARY, Jan. 9, 2012 /CNW/ - Anatolia Energy Corp. (the "Company")
(TSXV: AEE) is pleased to provide the following update regarding its
Turkish and Colombian operations.
Caliktepe-2 Well - Turkey
The Caliktepe-2 well on the Bismil license (25% net interest) was
drilled by the Company's joint venture partner, Çalık Enerji Sanayive
Ticaret A.Ş. ("Calık") to a total depth of 2,500 meters and reached its primary target
- the Bedinan sand. The well has now been cased and the drilling rig
was released on December 20th. A service rig arrived on site on January 3rd and the Company anticipates that perforating and testing of the primary
target will commence around January 13th. Testing operations are expected to take between two to three weeks
with results to follow in February 2012.
During the drilling of Caliktepe-2, five cores were taken in the Dadas
shale. These cores have been transported to Calgary where they will be
analyzed using advanced processes specifically designed for shale
reservoirs. The Dadas shale displayed oil source properties and the
potential to be developed into an unconventional oil reservoir.
Seismic Program - Turkey
Along with joint venture partner Calık, five separate seismic programs
on the Bismil, Antep and Besni licenses have now been completed. In
Bismil, the Company completed a 115 km 2D seismic program and a 206 km²
3D seismic program. Processing and interpretation of the data is
currently being conducted on an expedited basis to aid in the analysis
of the Caliktepe-2 well and subsequent wells. In addition, 377 km of
2D seismic from two separate programs was acquired on the Antep license
(50% net interest) and 96 km of 2D seismic was acquired over the Besni
license (50% net interest). Processing and interpretation of the data
is currently being completed.
Las Palmeras Well - Colombia
The Company continues to focus on drilling its first exploration well
(Las Palmeras) on the LLA-24 block in the Llanos Basin in Colombia.
Pre-drilling activities, including road construction, are currently
underway and the well is expected to commence on or around the second
week of February 2012. Upon drilling of the Las Palmeras well,
Anatolia will earn a 35% working interest in the block, which covers an
area of approximately 147,000 gross acres (51,450 net acres) and is
surrounded by high rate light oil production. The Las Palmeras well is
expected to test a conventional structural closure in the C7 and Guadalupe formations and a
potential stratigraphic trap in the Mirador and Ubaque/Gacheta
formations. Assignment of Anatolia's interest in the LLA-24 block is
subject to approval by the Agencia Nacional de Hidrocarburos.
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. Through its wholly-owned subsidiary, Anatolia Energy
(Turkey) Inc., Anatolia has the right, pursuant to its joint venture
agreements with Calık, 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, 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.
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 is 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