New Brunswick gas find may touch off E. Canada drilling

01/01/2001
Click here to enlarge imageAn apparent gas discovery with probable gas reserves of 300 bcf or more would not make big news in many parts of the world, but in the Canadian Maritimes it is important. This one raises even more eyebrows because it is on land, and it should generate further exploratory drilling in the area.Equal partners in the McCully 1 near Sussex, NB, are the operator, state-owned Potash Corp. of Saskatchewan (PCS), and Corridor Resources Inc., Halifax, NS.Corridor, an independent with more than 5 million acres in the Maritimes from Quebec to Newfoundland, believes McCully field large enough to serve local markets and eventually warrant connection to the Maritimes & North...
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