CALGARY, Feb. 21, 2012 /CNW/ - Anatolia Energy Corp. (the "Company")
(TSX-V: AEE) reports that it has been informed by the operator that the
initial exploration well (Las Palmeras-1) on the LLA-24 block in the
Llanos basin in Colombia was spud on February 19, 2012. The block has
multi-zone stacked potential in the C7, Mirador, Guadalupe, Gacheta and
Ubaque sandstones and is expected to be drilled to a depth of around
8,000 feet (2,500 meters). Drilling is expected to take approximately
20 days to reach total depth and could potentially be followed by an
additional 10 day testing period. Upon drilling of the Las Palmeras-1
well, Anatolia will earn a 35% interest in the block. The block covers
an area of approximately 147,000 gross acres (51,450 net) and is
surrounded by light oil production and numerous oil field discoveries.
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. 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 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