Acadian Energy Inc.
TSX VENTURE : ACX

Acadian Energy Inc.

April 23, 2012 13:22 ET

Acadian Energy Contracts Geosensing For Oil Potential of New Albany Shale

TORONTO, ONTARIO--(Marketwire - April 23, 2012) - Acadian Energy Inc. (TSX VENTURE:ACX) -- (the "Corporation") announced today that it awarded a geosensing satellite shoot of its New Albany Shale leaseholds to Hawkeye Geosensing Ltd. of Calgary. The purpose of the spectral analysis of satellite images for hydrocarbon detection is to further quantify the oil potential of Acadian's leaseholds in the New Albany Shale identified through the greenfield oil simulation recently completed by Fekete Associates of Calgary.

Hawkeye Geosensing Ltd's high resolution satellite maps use 1.8 meter resolution NASA Satellite data and a series of algorithms in addition to microwave, radiometric, exban radar, thermal infrared and long and short spectrographic reflectance to assemble the maps and analyze the satellite data. According to Hawkeye, their system of mapping the presence of hydrocarbons reduces client risk by 46% and helps to substantially reduce seismic cost. This system of satellite mapping also helps determine the amount of permeability and porosity in existing fields. The satellite surveys Hawkeye Geosensing uses are based on nuclear science "Reservoir Energy".

Acadian anticipates utilizing the results of Hawkeye's hydrocarbon mapping to reduce the risk in core site selection for their 2012 shale oil drilling program. Remote sensing by satellite can be used to identify large-scale changes in the structure of the basement and sedimentary basins along with major differences in rock density. Surface geochemical exploration for petroleum by remote sensing directly detects hydrocarbons and/or hydrocarbon-induced changes in solids and near-surface sediments. Remote sensing provides empirical data and has no negative environmental impact.

Additional information is also obtainable on the Corporation's web site www.acadianenergy.com

About Acadian:

Acadian is a junior exploration and production company which is focused on the exploration and development of New Albany shale oil and natural gas in the Illinois Basin. The Corporation continues exploration development of the oil potential of the New Albany Shale. Acadian trades on the TSX Venture Exchange under the symbol ACX.

This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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.

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