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Acadian Energy Inc. (TSXV:ACX) has updated on the 2012 New Albany Shale Oil drilling program.
Acadian Energy Inc. (TSXV:ACX) has updated on the 2012 New Albany Shale Oil drilling program.
As quoted in the press release:
Working with Fekete Associates of Calgary to complete a Greenfield Shale Oil Simulation, multiple well scenarios were modeled. Sensitivity analyses were performed to determine their impact on the estimated ultimate oil recovery (EUR); porosity, water saturation, vertical and horizontal permeability and reservoir pressure. Geochemical data from existing core log data suggests that 6 horizontal multi-frac stimulated wells could recover up to 1,000 Mbbl and a minor amount of natural gas.
Click here to read the Acadian Energy Inc. (TSXV:ACX) press release.
