ACX Acadian Energy

Acadian Energy Inc. (TSX VENTURE:ACX) announced its New Albany Shale Oil
Exploration Strategy. The New Albany Oil Shale compares well geo-chemically to
the Canadian Bakken Shale. Acadian is progressing in its oil exploration and
production plans for three test wells in the New Albany Shale. To date, the
industry has produced about 4 billion barrels of oil from the Illinois Basin, in
which the New Albany Shale resides. This is out of a total original oil-in-place
of approximately 14.2 billion barrels. Acadian has already farmed-out
exploration for shallow oil (non Shale Oil) to Riverside Exploration LLC, of
Tavers City MI, on 10,000 acres of its leases in which oil already presented
itself in one of its gas wells. (Sources: Oil & Gas Journal Sep 6, 2010,
Illinois State Geological Survey, 2006 & Midwest Geological Sequestration
Consortium, 2010)


The oil strategy is in addition to the US$32.4 million (31/03/2010) Gas Reserve
already reported, from Acadian's 15,100 gross acres under lease, in the recent
Filing Statement available on www.sedar.com.


At an estimated average total generation potential of oil at 1,616 barrels of
oil/acre foot, (Source Dan Jarvie, Worldwide Geochemistry), and an estimated
average total generation potential of natural gas at 9,694 mcf/af, the New
Albany Shale Basin ranks as one of the top shale basins for oil and gas. With a
shale thickness of 100 to 350 feet, the comparison to the Big Five shales is
favourable. (Source: Dan Jarvie, Worldwide Geochemistry; Oklahoma Gas Shales
Oct. 22, 2008). An estimated 300 plus tcf of gas is forecast in the Basin.
(Source: 2007 New Albany Shale Update, Discovery Group, Bob Cluff)


Acadian estimates the sweet spot of the oil fairway is 6,000 square miles. For
the oil, relatively low cost horizontal drilling costs (less than$2.5 million
drilling and completion costs) is expected to produce 300,000 potential barrels
of oil recoverable on 160 acre well spacing. The area to date is virtually
unexplored using modern seismic and other technology. The oil is of good quality
with API gravity of between 32 and 38.5. Modern horizontal drilling and
extraction/production techniques, not yet widely utilized, will be used to
target the oil resources.


Acadian is having a numerical reservoir simulation model prepared to produce a
projected type curve. This is Phase 1 of three phases. 


John McDevitt, CEO of Acadian commented, "The Basin's favourably geo-chemical
comparison to the Canadian Bakken, along with modern extraction technology, and
our team's former success in Shale and Coal Bed Methane Drilling, suggests that
the Shale Oil story for Acadian will be of increasing significance, enhancing
its strong base of gas resources". 


About Acadian:

Acadian is a junior exploration and production company which is focused on the
exploration and development of shale oil and natural gas in the Illinois Basin.
The Company continues to expand the existing NI 53-101 compliant primary Gas
Reserve value of US$32.4 million, (31/03/10) based on its existing 15,100 gross
acres under lease. Not included in its reserve is any value from a recently
signed farm-out agreement for the exploration and development of 10,000 of those
acres for shallow and limestone reef oil. Acadian has 6,044,905 shares basic
outstanding, (8,309,518 fully diluted) and 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

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