ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

ACX Acadian Energy

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Acadian Energy TSXV:ACX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Acadian Energy Contracts Geosensing For Oil Potential of New Albany Shale

23/04/2012 6:22pm

Marketwired Canada


Acadian Energy Inc. (TSX VENTURE:ACX) -- (the "Corporation") announced today
that it awarded a geosensing satellite shoot of its New Albany Shale leaseholds
to Hawkeye Geosensing Ltd. of Calgary. The purpose of the spectral analysis of
satellite images for hydrocarbon detection is to further quantify the oil
potential of Acadian's leaseholds in the New Albany Shale identified through the
greenfield oil simulation recently completed by Fekete Associates of Calgary.


Hawkeye Geosensing Ltd's high resolution satellite maps use 1.8 meter resolution
NASA Satellite data and a series of algorithms in addition to microwave,
radiometric, exban radar, thermal infrared and long and short spectrographic
reflectance to assemble the maps and analyze the satellite data. According to
Hawkeye, their system of mapping the presence of hydrocarbons reduces client
risk by 46% and helps to substantially reduce seismic cost. This system of
satellite mapping also helps determine the amount of permeability and porosity
in existing fields. The satellite surveys Hawkeye Geosensing uses are based on
nuclear science "Reservoir Energy".


Acadian anticipates utilizing the results of Hawkeye's hydrocarbon mapping to
reduce the risk in core site selection for their 2012 shale oil drilling
program. Remote sensing by satellite can be used to identify large-scale changes
in the structure of the basement and sedimentary basins along with major
differences in rock density. Surface geochemical exploration for petroleum by
remote sensing directly detects hydrocarbons and/or hydrocarbon-induced changes
in solids and near-surface sediments. Remote sensing provides empirical data and
has no negative environmental impact.


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.


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.


1 Year Acadian Energy Chart

1 Year Acadian Energy Chart

1 Month Acadian Energy Chart

1 Month Acadian Energy Chart

Your Recent History

Delayed Upgrade Clock