Anatolia Energy announces spudding of the Guvenir-1 well on the Antep Licence in Turkey

    




 CALGARY, Aug. 16, 2012 /CNW/ - Anatolia Energy Corp. (the "Company")   is pleased to announce that its partner, Çalık Enerji San.  ve Tic. AŞ. ("Calik"), has commenced drilling at Guvenir-1, the initial  exploration well on the Antep Licence in Turkey, where Anatolia holds a  50% interest. 

 Guvenir-1 will be the first well to target the Dadas Shale on the  845,418  gross acre (422,709 net acres) Antep Licence where our  independent third party resource evaluator, Ryder Scott, has allocated  318 MMBbls (159 MMBbls net) of unrisked prospective resources (June 11,  2012 news release). 

 Drilling of the well is expected to take approximately 80 days to reach  a total depth of approximately 8,500 feet (2,600 meters). The Company  plans to extract core samples from the Dadas Shale in Guvenir-1 which  will be analyzed in a specialized core laboratory in Calgary for  properties and rock mechanics. 

 Following receipt of the core analysis from the Guvenir-1 well, the  Company intends to conduct a fracture stimulation test within the Dadas  Shale. The test will provide critical data to help management design  the optimal full horizontal well and multi-stage fracture stimulation  which is anticipated to more effectively and efficiently determine the  productive capacity of the shale interval. 

 In addition to the unconventional Dadas Shale, the Guvenir-1 well will  test the conventional Bedinan reservoir (Ordovician) which sits  immediately below the Dadas. 

 On an aggregate basis, Anatolia Energy has an interest in 11 licences in  Turkey with exposure to 1.2 million gross acres (581,428 net) of Dadas  Shale and/or conventional oil prospective acreage.  Within the Antep  Licence, the Company has identified an expansive area of prospective  Dadas Shale and numerous prospects in the Bedinan sand. 

 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. Anatolia  has the right, pursuant to its joint venture agreements with Çalık  Enerji San. ve Tic. AŞ., 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 working  interests of 50% in nine exploration licences covering 1,162,856 gross  acres of land in Turkey's proven Southeastern oil basin. Anatolia is  focused on four play types in Turkey namely the Silurian Dadas shale  oil trend, Paleozoic Bedinan sand trend, Cretaceous Mardin strike slip  trend and Garzan reef trend.  The Dadas formation in southeast Turkey  is an extension of the prolific Silurian source rocks of the Middle  East. 

 Cautionary Statements 

 Prospective resources are those quantities of petroleum estimated, as of  a given date, to be potentially recoverable from undiscovered  accumulations by application of future development projects.  Prospective resources have both an associated chance of discovery and a  chance of development.  There is no certainty that it will be  commercially viable to produce any portion of the prospective  resources. 

 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: ultimate economic  viability of the Dadas Shale, 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 AIF dated June 4, 2012, 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 release. 

Anatolia Energy Corp.


CONTACT:  Peter Argiris, VP Business DevelopmentAnatolia Energy Corp.403.802.0770 ext. 225 


    

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