www.acadianenergy.

com Spring 2012 Factsheet Page 1

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TSX-V: ACX
www.AcadianEnergy.com

Acadian Energy Inc

Trading Symbol: ACX
Exchange: TSX Venture
Market Cap(basic): $2.06 MM
Gas Reserve Value (US):
@ March 2010 reserve $32.4 MM
@ 2010 @ 2012 gas price $8.5 MM
@ March 2012 Reserve: $6.5 MM

Common Shares:

Common & Restricted 6,044,905
Warrants: 1,605,384
Options: 835,516
Fully Diluted: 8,485,805

Directors:
John McDevitt, Chairman
Gilbert Smith
Mark Lawrence, P.Eng, MBA, CFA
Kevin Stulp, P.Eng., MBA
Jamie Macintosh

Key Management
John McDevitt, CEO
Gilbert Smith, COO
Tom Dimelow, Dir. of Geoscience
Timothy Williams CFO

Transfer Agent
Equity Financial Inc. - Toronto

Legal Counsel
Owens Wright LLP -Toronto

Auditor
KPMG - Toronto
About Acadian Energy
Acadian Energy is a junior exploration and production
company focused on New Albany Shale (NAS) oil and
natural gas in the Illinois Basin. Acadian completed a third
party NAS Greenfield oil analysis predicting production
rates, estimated ultimate recovery (EUR) and well spacing
parameters. Results indicate a strong economic outcome
for wells drilled at todays oil prices for revenue and
reserves. Acadian has NAS acreage under lease, and seeks
to add Shale Oil resources to its gas base. Acadians
management team were prolific gas drillers in a prior
company, and instrumental in its 2006 sale for $833 million.







Net Revenue Interest
85% (Approx)

Working Interest
100% in Operated wells

Natural Gas Wells
6 Horizontal Wells Drilled
(100% success)
2 Wells Online (Non-Operated)
1 Well de-watering
3 Waiting for Completion
Acadian Energys Oil Focus

Acadian Energy is planning a 2012 New Albany Shale Oil drilling
program. Acadian Energy has worked diligently to quantify the shale oil
potential of our leases in the Maria Creek Project. 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.


www.acadianenergy.com Spring 2012 Factsheet Page 2


























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Greenfield Shale Oil Simulation Project Complete

In an effort to mitigate risk and realize the shale oil potential in the New Albany Shale, Acadian management put out for
bid a Greenfield oil simulation project. Acadian awarded the bid to Fekete Associates Inc. out of Calgary, who provide
integrated reservoir management services and software to the oil and gas industry worldwide.

Fekete has a full-time staff of over 180 engineers, geologists, technologists, programmers, and support personnel. They
ensure all aspects of geology, geophysics, petrophysics, reserves, pressure and deliverability are incorporated to
develop a comprehensive reservoir characterization model. Their client list includes over 1000 companies worldwide.
They are on the leading edge of research in reservoir engineering, and have delivered a wide variety of projects resulting
in better reservoir management and production optimization for their clients.

NAS SHALE OIL GREENFIELD RESULTS:
Two well scenarios were modeled; a vertical well and a horizontal well with 5000 ft horizontal length. Sensitivity
analyses were performed on the following reservoir parameters to determine their impact on the estimated ultimate oil
recovery (EUR); porosity, water saturation, vertical and horizontal permeability and reservoir pressure.

Low permeability reservoirs, drilled vertically and frac-stimulated calculated an EUR of 7 Mbbl. The low permeability
horizontal multi-frac stimulated well produced an EUR of 70 Mbbl. In comparison, higher permeable shale reservoirs
with a vertical completion would produce an EUR of 35 Mbbl. A horizontal multi-frac wells estimated EUR was 200
Mbbl.

Geochemical data suggests that in an area of 640 acres, an OOIP of 9,880 Mbbl would be calculated. Thus 4 horizontal
multi-frac stimulated wells could recover 800 Mbbl and a minor amount of natural gas. The results compare favorably
with other North American oil resource plays.

Acadian is currently in the process of interviewing joint-venture partners and investors.

Proactive Investors engaged for
global exposure

Acadian has signed with Proactive Investors to
enhance our marketing efforts and reach a worldwide
audience. Proactive Investors currently works with
more than 325 companies across the globe in energy
and other market sectors. Proactive produces original
content financial news, commentary and analysis,
written, audio and video interviews daily. They offer a
unique package of dedicated, continual exposure to
their global readership through their extensive online
presence and highly attended investor forums at key
financial centers around the world.

Acadian Energys Shale Gas Overview:
Cash flow while Oil Explored

Acadian is a low cost driller ($800K drilling and
completion cost per hole = 1 BCF Nat Gas). The shale
is naturally fractured requiring no expensive fracing.
The production is long life >50 years, with slow
decline. Taps into local pipelines exist, and location
affords premium pricing. Many large drilling funds
are also in the area.

www.acadianenergy.com Spring 2012 Factsheet Page 3


























John McDevitt, CEO
Office: 281.751.7720
Fax: 281.751.7778
Cell: 214.668.1521
jmcdevitt@acadianenergy.com

Effect of Natural Gas Decline on Acadian Energy Reserve Valuation
Gil Smith, COO
Field: 972.335-0148
Fax: 281.751.7778
Cell: 214.704.1727
gsmith@acadianenergy.com
Tom Dimelow, Director of
Geoscience
Fax: 281.751.7778
Cell: 303.583.6722
tdimelow@acadianenergy.com
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PROJECT NAME
Gross Acres Net Acres Gross Acres Net Acres Gross Acres Net Acres
Corydon Project 307.84 307.84 40.21 40.21 348.05 348.05

Dumada Project 949.63 949.63 5,514.88 5,372.38 6,464.51 6,322.01
Maple Heights 0.00 0.00 75.49 75.49 75.49 75.49
Maria Creek Project 1,481.92 1,238.57 0.00 0.00 1,481.92 1,238.57
TOTAL ACRES: 2,739.39 2,496.04 5,630.58 5,488.08 8,369.97 7,984.12
COMPANY ACREAGE
HELD BY
PRODUCTION OR
COMPANY
UNDEVELOPED
ACREAGE
COMPANY TOTAL
ACREAGE POSITION

Capital Markets Contact
Mark Lawrence - Director
Cell: 416.707.6630
mark@northcrestpartners.com
John McDevitt, Gil Smith, and Tom Dimelow together with other key
members of CDXs management team, grew CDX Gas LLC, a 12 man
alternative exploration, development and production company by:
Significantly increasing EBITDA between 2000 and 2006
Selling CDX for $835 million in cash and other consideration in 2006
Expanding CDX through acquisitions, joint ventures, and
development of Coal Bed Methane
Drilling Over 1 Million feet of horizontal wells per year, with several
records in Harts E&P
.

March 2010
PV10 $32 MM
March 2012
PV10 $6.5 MM
Tim Williams, CFO
Office: 281-751-7720
Fax: 281.751.7778
Cell: 734.417.1992
twilliams@acadianenergy.com
Na t u ra l Ga s Pr i ce s de c li n e d 40 % fr o m
2 0 1 0 to 2 0 12 . The ch a n ge i n p r i ce h as
i mp a ct ed Res e rve Re p o r t va l u a ti o n
o ve r a l l fo r e ve r y n a t u r a l g a s co mp a n y.
To l e s se n t h e o ve r a l l i mp a ct f r o m
2 0 1 0 t o 2 0 1 2 r e se r ve p r i ci n g ,
Ac a d i a n En e r g y s tr a t e g i ca l l y
r e va mp e d i ts l e a s i n g p r a c ti c es . Th i s
ch a n g e e n a b l e d A ca d i a n to c l e a r o u t
l e a se s wi th n o e c o n o mi c va l u e a n d
r e ta i n t h e l e a se s wi t h t h e g r e a t e s t
va l u e ROI p o ss i b l e . Ac a d i a n i s
co n c e n t ra t in g o n i t s o i l p o t e n t i a l fo r
ma xi mu m va l u e .

40% NG Price Decline = 75% PV10 Decline