Anatolia Energy awarded three new Dadas Shale prospective licences

    




 CALGARY, June 22, 2012 /CNW/ - Anatolia Energy Corp. (the "Company")   is pleased to announce that it has been jointly awarded  three new Dadas Shale prospective licences in the Gaziantep District in  southern Turkey with its partner, Çalık Enerji San. ve Tic. AŞ.  ("Calik").  The three licences cover a contiguous area of 366,990 gross  acres (183,495 net) and are immediately adjacent to the existing Antep  block in which Anatolia can earn a 50% interest. 

 The addition of these new licences expands Anatolia's acreage position  in the Antep block to 845,418 gross acres (422,709 net) and covers what  the Company believes to be the entire extent of the prospective shale  acreage within the Antep Basin. On June 11, 2012, the Company announced  an updated NI 51-101 compliant resource evaluation report by Ryder  Scott Petroleum Consultants in which it assigned a P50 gross best  estimate of 318 million barrels (159 MMbbls net) of unrisked  prospective resources in the Dadas Shale on the Antep block, excluding  the three new licence awards. 

 On an aggregate basis, the Company now has an interest in 11 licences in  Turkey with exposure to 1.2 million gross acres (581,429 net) of Dadas  Shale and/or conventional oil prospective acreage. 

 Within the Antep area, Anatolia has identified an expansive area of  prospective Dadas Shale and a large portfolio of prospects in the  Ordovician Bedinan sand and the Cretaceous Mardin carbonates. Based on  recently acquired and interpreted seismic on the original Antep  licences, Anatolia's technical team has mapped a large, faulted  structure that extends into the newly awarded licences. 

 Antep Drilling 

 The Company, along with its partner, expects to spud its first well at  Antep in August 2012. The targeted well will be drilled on the original  Antep licences, to an approximate depth of 2,600 meters and is expected  to test both the Dadas Shale and the conventional Bedinan Sand which  sits directly below the Dadas Shale.  Similar to the recent Caliktepe-2  well, a core will be cut in the Dadas Shale interval and sent for  detailed analysis to a specialized core lab in Calgary.  The partners  intend on proceeding with a hydraulic fracture stimulation to obtain  critical data from the shale reservoir to aid in horizontal well and  fracture stimulation design. 

 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 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. 

 "Best estimate" means the best estimate of the quantity that will  actually be recovered. It is equally likely that the actual quantities  recovered will be greater or less than the best estimate. If  probabilistic methods are used, there should be at least a 50%  probability (P50) that the quantities actually recovered will equal or  exceed the best estimate. 

 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 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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