Acadian Energy New Albany Shale Greenfield Oil Simulation Completed

Acadian Energy (TSX VENTURE:ACX) announces results of an engineering - geologic
evaluation of the New Albany Shale within the Illinois Basin of Illinois and
Indiana. Fekete Associates Inc. located in Calgary, Canada undertook this
evaluation. The established project objectives were as follows;


First, analyze gas production data from existing producing wells to obtain a
reservoir description and generate a type-well production forecast. 


Second, compare the type-well forecast against actual production histories to
ensure the relative consistency between the type-well forecast and actual well
performance. 


Third, use the model to forecast oil and/or gas production and estimate: 

-Original-Oil-in-Place (OOIP) 

-Original-Gas-in-Place (OGIP) 

-Estimated Ultimate Recovery (EUR) 

-1,000 Barrels (Mbbl)

Fourth, perform sensitivity analyses to illustrate the relative importance of
different well/reservoir/completion parameters on a 30-year cumulative oil
production forecast.


Two well scenarios were modeled for a 160 acre drainage area with an OOIP of
2,470 Mbbl; a vertical well and a horizontal well with 5000 ft horizontal
length. Sensitivity analyses were performed on the following reservoir
parameters to determine their impact on the estimated ultimate oil recovery
(EUR); porosity, water saturation, vertical and horizontal permeability and
reservoir pressure.


Estimated oil recovery for vertical and horizontal wells in two different
permeability reservoirs are summarized below:


Low permeability scenario - (0.0026 horizontal permeability; 0.0015 vertical
permeability) 




--  Frac Stimulated Vertical Well 7 Mbbl
    
--  Horizontal Well - no stimulation 20 Mbbl
    
--  Frac Stimulated Horizontal Well 70 Mbbl 



Higher permeability scenario - (0.034 horizontal permeability; 0.015 vertical
permeability) 




--  Frac Stimulated Vertical Well 35 Mbbl
    
--  Horizontal Well - no stimulation 125 Mbbl
    
--  Frac Stimulated Horizontal Well 200 Mbbl 



Low permeability reservoirs, drilled vertically and frac-stimulated calculated
an EUR of 7 Mbbl. The low permeability horizontal multi-frac stimulated well
produced an EUR of 70 Mbbl.


In comparison, higher permeable shale reservoirs with a vertical completion
would produce an EUR of 35 Mbbl. A horizontal multi-frac well's estimated EUR
was 200 Mbbl.


Geochemical data suggests that in an area of 640 acres, an OOIP of 9,880 Mbbl
would be calculated. Thus 4 horizontal multi-frac stimulated wells could recover
800 Mbbl and a minor amount of natural gas. The results compare favorably with
other North American oil resource plays.


Acadian is currently in the process of interviewing joint-venture partners and
investors. 


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 Company 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.

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