Anatolia Energy Corp. reports that testing operations on the Caliktepe-2 well on its Bismil licenses have been completed.

The wellbore encountered high reservoir quality Bedinan sand with porosities up to 15% and permeabilities up to 7 millidarcies. A drill stem test also recovered 38° API oil over an interval that included the lower Dadas shale and the upper Bedinan sand, however, a production test targeting only the Bedinan sand resulted in formation water and mud filtrate being recovered.

The wellbore velocity data from the Caliktepe-2 well was integrated with the Company's newly acquired 3D seismic data resulting in a new interpretation of the Caliktepe prospect and confirming that the Caliktepe-2 well penetrated the Bedinan sand at a structurally lower position than the original Caliktepe-1 well.

The prospectivity of the remaining Bismil licenses remains unchanged. The new 3D seismic data, which covers the northern half of the Company's Bismil licences, and the velocity data obtained from the Caliktepe-2 well will be used to improve the mapping and assessment of the Company's other undrilled prospects at Bismil. The Company is currently utilizing the updated interpretation to evaluate new strategies including testing the Garzan reef trend and conducting early production testing of the Dadas shale oil resource play.

Geochemical logs and the high quality oil recovered from the drill stem test in the Caliktepe-2 well continue to support the Company's assertion that the Dadas shale is a highly prospective unconventional reservoir. The Company plans to use the Caliktepe-2 well for additional testing of the Dadas shale pending the results of the upcoming core analysis (April 2012).

Dadas Shale Coring Program

Five cores taken from the Caliktepe-2 well within the Dadas shale have arrived in Calgary and are currently undergoing detailed analysis. More than 30 meters of the lower Dadas shale will be analyzed for oil quality, rock mechanics, geochemistry attributes and reservoir properties. Results from this analysis are expected in April 2012.

The Dadas shale is a major source rock throughout the Middle East and North Africa. Anatolia believes its emerging Dadas shale oil play has similar rock properties to the Niobrara shale oil pay in Colorado. AJM Petroleum Consultants (now AJM Deloitte), the Company's independent engineer, assigned 718 million barrels of undiscovered petroleum initially in place net to Anatolia on the northern half of the Company's Bismil licence in a NI 51-101 resource report dated May 2011 with an effective date of April 30, 2011.

Tags: Anatolia Energy Corp.