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New Brunswick: Corridor to budget two shale wells

By OGJ editors
HOUSTON, June 14
– Corridor Resources Inc., Halifax, NS, will revise its 2011 capital budget to include expenditures to drill two appraisal wells to evaluate the Frederick Brook shale in the Elgin area in New Brunswick.

Corridor’s current 2011 capital budget is $8 million. The company’s website provides an update on Corridor’s three prospects in the Elgin area of New Brunswick, on Anticosti Island, and on the Old Harry prospect in the Gulf of St. Lawrence.

Apache Corp. Canadian unit elected at the end of May 2011 not to continue a farmout from Corridor to exploit the Frederick Brook shale, but Corridor chose to proceed with efforts to unlock the formation’s unconventional gas resources (OGJ Online, June 1, 2011).

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