TAG Oil Ltd. V.TAO

RE: RE: Another Canadian Play

[prospect_93]

An update for those with a better perspective than me.  TAO a better buy at 2.50 eh?  Better put those fellas on ignore.

Anglo Cdn's Nordegg at 6.47 billion barrels of PIIP

2010-07-20 11:11 ET - News Release

Mr. James Ehret reports

ANGLO CANADIAN OIL CORP. PROVIDES NORDEGG RESOURCE UPDATE BEST ESTIMATE OF 6.47 BILLION BARRELS OF PETROLEUM INITIALLY IN PLACE

Anglo Canadian Oil Corp. has obtained an independent resource study in respect of its 172,000-acre Nordegg Member oil prospect in west-central Alberta. This resource evaluation was prepared by AJM Petroleum Consultants, an independent qualified resource evaluator, with an effective date of June 30, 2010, and complies with COGE Handbook standards and National Instrument 51-101 entitled "Standards of Disclosure for Oil and Gas Activities as adopted by the Canadian Securities Regulators."

Probabilistic analysis was used in the preparation of this volumetric resource estimate on Anglo's lands in the Nordegg Member. The report documents the results of AJM's independent evaluation with the table summarizing the total unrisked discovered petroleum initially in place (DPIIP) volumes for the four areas studied, including a best estimate of over 6.47 billion barrels of petroleum initially in place.

               DISCOVERED PETROLEUM INITIALLY IN PLACE (MSTB)                                       Low            Best            HighRycroft, Alta.                     605,310         781,862       1,009,909Kakut, Alta.                     1,287,287       1,691,537       2,222,736Sturgeon Lake, Alta.             1,845,799       2,465,124       3,292,252Ante Creek North, Alta.          1,193,885       1,537,890       1,981,016Total (arithmetic sum)(i)        4,932,281       6,476,413       8,505,913