By OGJ editors
HOUSTON, Nov. 12 – Corridor Resources Inc., Halifax, and Petrolia Inc., Rimouski, Que., are attempting to attract a knowledgeable shale oil player to take a farm-out on the Ordovician Macasty shale play on Anticosti Island in the Gulf of St. Lawrence off Quebec.
Macasty is the equivalent of the Utica shale (OGJ, Oct. 4, 2010, p. 62). The companies are analyzing 27 m of conventional core in the oil-bearing Macasty shale for reservoir character and fluid content. The core was taken during a three-well mid-2010 exploration program on the island.
Corridor said, “While exploration results to date on Anticosti Island may appear disappointing, the presence of live oil shows and permeable reservoir development combined with the very large number of prospects are positive factors for future oil exploration.”
Macasty is present across practically the whole island, and Corridor holds 900,000 net acres (1.5 million gross acres). Corridor said initial interest in a farm-out has been strong.