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huge news.................

Anglo Cdn's Nordegg at 6.47 billion barrels of PIIP

2010-07-20 11:11 ET - News Release
Shares issued 115,255,705
ACG Close 2010-07-19 C$ 0.45


Mr. James Ehret reports

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

AngloCanadian Oil Corp. has obtained an independent resource study inrespect of its 172,000-acre Nordegg Member oil prospect in west-centralAlberta. This resource evaluation (the "Report") was prepared by AJMPetroleum Consultants ("AJM"), an independent qualified resourceevaluator, with an effective date of June 30, 2010 and complies withCOGE Handbook standards and National Instrument 51-101 entitledStandards of Disclosure for Oil and Gas Activities as adopted by theCanadian Securities Regulators.

Probabilistic analysis was usedin the preparation of this volumetric resource estimate on Anglo'slands in the "Nordegg Member". The Report documents the results ofAJM's independent evaluation with the following table summarizing thetotal un-risked Discovered Petroleum Initially-in-Place ("DPIIP")volumes for the four areas studied, including a best estimate of over6.47 billion barrels of Petroleum Initially in Place as follows: