By OGJ editors
HOUSTON, Jan. 14 -- One priority in the $59.9 million 2009 budget of Corridor Resources Inc., Halifax, is to drill an exploration well 4 km southeast of the 2008 South Branch G-36 (Caledonia) oil discovery.
This exploration well would evaluate the oil and gas potential of the Upper Hiram Brook formation and the shale gas potential of the Frederick Brook formation.
Corridor also plans to drill a step-out to the Caledonia discovery, where it shot 3D seismic last fall, and drill four McCully gas field appraisal and development wells.
The company also hopes to frac and test the Green Road G-41 well to evaluate Frederick brook shale gas potential in the Elgin subbasin. G-41 went to 2,422 m and cut 785 m of Frederick Brook gassy shale, siltstone, and minor sandstone. That included a massive, predominantly siltstone interval at 1,753-1,906 m that is friable and had strong shows of gas while drilling. Another 10 m of sheared, fractured black shale at 1,919-29 m was recovered as conventional core.
Other goals are to seek a joint venture partner to accelerate work at Elgin and other areas in the basin, and run a site survey at a proposed drilling location on the 45,000-acre Old Harry structure in 1,400 ft of water in the Gulf of St. Lawrence off Quebec (see map, OGJ, Sept. 28, 1998, p. 107).
