Additional Information
Market: TSX-V
Sector: Oil & Gas Exploration & Production
EPIC: ACX
1 year chart
1 day chart
Acadian Energy
www.acadianenergy.com

Acadian Energy Inc. is a junior exploration and production company listed on the TSX Venture Exchange (TSX-V: ACX). Acadian Energy is focused on unconventional oil and natural gas plays in the United States, principally in the Illinois Basin.

Acadian Energy plans New Albany shale oil drilling program for 2012

19th Mar 2012, 4:35 pm by Carrie White
Acadian Energy plans New Albany shale oil drilling program for 2012

Acadian Energy (CVE:ACX) announced Monday that it is planning a 2012 New Albany shale oil drilling program as it has worked to quantify the shale oil potential of its leases on the Maria Creek project in Indiana.

Working with Fekete Associates of Calgary, multiple well scenarios were modeled at the property, with sensitivity analyses performed to determine their impact on the estimated ultimate oil recovery.

The company said geochemical data from existing core log suggests that six horizontal multi-frac stimulated wells could recover up to 1,000 Mbbl and a minor amount of natural gas.

As a result, the junior exploration and production company said it plans to drill six cores in the Maria Creek project area of Sullivan County, Indiana, and test all potential zones as part of the oil exploration confirmation campaign.

Acadian's Maria Creek project has 1,238 net acres held by gas production with possible oil reserves of one million barrels of oil.

It is estimated that net well costs will range between $2.5 and $4 million per well with cost variability dependent on the intensity of the hydraulic fracturing, the company said.

The projected internal rate of return (IRR) is 300 percent with payout in 0.59 years, or 78 percent with payout in 1.26 years.
Acadian plans to have a drilling participant package in early summer 2012, it said.

No investment advice


Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".


You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.


You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.


From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.


You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here