ACX Acadian Energy

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
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.


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.

Acadian Energy (TSXV:ACX)
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부터 5월(5) 2024 으로 6월(6) 2024

Acadian Energy (TSXV:ACX)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024