Acadian Energy Update on 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.