ACL International to Drill Amanah Timur Well in Prolific North Sumatra Basin, Indonesia

Calgary, Alberta (FSCwire) - ACL International Ltd. (“ACL”) (ACL:TSX-V) ( “ACL or  the Company”) is pleased to announce upcoming spud of the Amanah Timur-1 (“AMT”) well within its South Block A PSC located in the prolific North Sumatra Basin.  The Block is operated by ACL’s subsidiary Renco Elang Energy Pte Ltd. (51% interest).  Lion Energy (LIO:ASX), a company listed on the Australian Stock Exchange has a 35% interest and PT Prosys Oil & Gas International a 14% interest.

Amanah Timur-1 Prospect Overview

The well-defined prospect is situated within a highly productive hydrocarbon trend and is covered by recently acquired seismic, hence the good probability of success. The target Keutapang play has delivered over 600 mmbbl oil, 2.2 tcf gas and 50 mmbbl condensate in the basin to date.  The shallow objective (with a planned total depth of approximately 550 metres) has already proven oil productive in pre-WWII wells and is close to oil and gas infrastructure with potential to deliver near term cash flow.  The well is expected to cost US$1.2 Million (representing approximately one-third of 2014 cost estimate) and includes completion and planned cased hole testing.

The 300 mmbbl Rantau Oil field is located approximately 30 km to the southeast and the 400 mmsfcgd open access gas pipeline serving Medan runs within several kilometres of the location.

Background

The South Block A PSC is centrally located in the prolific North Sumatra Basin and contains large structures with proven gas and oil potential (Figure 1). It is divided into two separate blocks; the western block is known as Area 1 and covers an area of 1,138 km², while the smaller Area 2 block to the east, extends over the coastal boundary with an offshore portion and covers an area of 442 km². The region has a strong gas market with solid demand, high prices and a new open access pipeline to Medan extends through the PSC acreage.

The PSC is currently in year 6 of its exploration period with one commitment well to be drilled by year-end. Drilling of this commitment well will allow for extension of the exploration term of the block by up to 4 years.  The joint venture has identified a number of follow up appraisal locations in the event of success and will plan an accelerated development.

In addition, the South Block A PSC has a suite of attractive additional opportunities including the world class Jerneh gas condensate prospect (very large undrilled prospect in the North Sumatra Basin) which the joint venture plans to target in 2017.

To view the graphic in its original size, please click here

Figure 1

About ACL International Ltd.

ACL’s other Indonesian oil and gas assets include (a) 50% of Langsa TAC, an offshore field with gross production of 884 bopd; and (b) 38.25% in South Block A PSC (“SBA”), an onshore block located in the North Sumatra Basin, which is one of the most productive hydrocarbon regions in Indonesia with over 80 known oil and gas fields.  ACL’s subsidiary Renco Elang Energy Pte. Ltd. (“REE”) is the operator of SBA.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ACL International Ltd.

Mohammad (Mo) Fazil, President and CEO

Telephone: +1 (403) 613-7310

Statements in this press release may contain forward-looking information including, operating costs, administrative costs, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects” and similar expressions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of ACL. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and ACL does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

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