Anglo Canadian Oil Corp. and Tallgrass Energy Corp., have entered into a definitive arrangement agreement effective September 10, 2012 (the "Arrangement Agreement") to effect a strategic business combination by way of amalgamation (the "Amalgamation") resulting in the formation of an approximately 600 boe per day (72% oil+ngl), light oil focused, growth-oriented junior exploration and production company with a large land base of approximately 440 undeveloped sections.

The Amalgamation is subject to shareholder and regulatory approval and satisfaction of all conditions of the Arrangement Agreement.

Tags: Anglo Canadian Oil Corp., Tallgrass Energy Corp.