Acadian Energy Inc.

Acadian Energy Inc.

April 05, 2012 14:10 ET

Acadian Energy in Final Stage of Due Diligence for Billion Barrel Oil Potential of New Albany Shale; Satellite Imaging Spectral Analysis

TORONTO, ONTARIO--(Marketwire - April 5, 2012) - Acadian Energy Inc. (TSX VENTURE:ACX) -- (the "Corporation") today announced that it has been conducting interviews of satellite imaging companies as a final vetting of its New Albany Shale oil exploration strategy. Satellite imaging is a method of remote sensing that can help assess the statistical probability of hydrocarbon reservoirs known or suspected to underlie the terrain in a specific area through spectral analysis. Analyzing the hydrocarbons will further quantify the oil potential "sweet spots" of Acadian's leaseholds identified through the greenfield oil simulation recently completed by Fekete Associates. Hydrocarbon seepage is one of the oldest methods of prospecting for petroleum.

New Albany Shale, Illinois Basin, Indiana

Acadian will utilize the data from the spectral analysis of satellite images to further confirm oil saturation and "high grade" its leaseholds. The hydrocarbon detection will be used as a further source of empirical research; to better direct shale oil exploration in the New Albany Shale. Acadian intends to complete the geosensing analysis of hydrocarbons this spring as part of their 2012 New Albany Shale Oil Drilling Project.

Additional information is also obtainable on the Corporation's web site

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.

Forward Looking Statements:

This news release contains certain statements that constitute forward-looking statements as they relate to the Company and its management. Forward-looking statements are not historical facts but represent management's current expectations of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues", and similar expressions. Although management believes that expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.

By their very nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, Acadian will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: results of ongoing testing and development; regulatory approvals required to complete development; ability to produce at quality and scale; competition; liability; intellectual property; reliance on key personnel; risks of future legal proceedings; income tax matters; availability and terms of financing; distribution of securities; effect of market interest rates on price of securities, and potential dilution.

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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