Corridor Commences Drilling at Anticosti.HALIFAX, Nova Scotia For other uses, see Halifax. Halifax, Nova Scotia may refer to any of the following:
TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CDH Congenital diaphragmatic hernia (CDH) A condition in which the fetal diaphragm—the muscle dividing the chest and abdominal cavity—does not close completely. Mentioned in: Prenatal Surgery ) announced today that drilling operations have commenced at the Chaloupe well on Anticosti Island. The well is being drilled to evaluate and test the potential for light crude oil in the Trenton/Black River (TBR TBR Tennessee Board of Regents TBR Technology Business Research TBR To Be Read TBR Travel Business Roundtable TBR To Be Resolved TBR To Be Reviewed TBR Technical Basis for Regulation TBR To Be Recorded TBR Total Business Return TBR To Be Revised ) formation. The well has been drilled to a depth of 183 meters and 9-5/8" casing has been set and cemented to that depth. Corridor plans to drill the intermediate hole to a depth of approximately 900 meters before setting and cementing 7" casing into the top of the TBR formation. The TBR formation will then be drilled under-balanced using nitrogen as the drilling fluid to evaluate the fluid content and productive potential of the reservoir. Independent petrophysical and organic petrology petrology, branch of geology specifically concerned with the origin, composition, structure, and properties of rocks, primarily igneous and metamorphic, and secondarily sedimentary. analyses of data from a previous Chaloupe well (drilled in 1999) have indicated that the Chaloupe structure contains light oil in the TBR formation. Pressure data from previous wells drilled into the TBR formation on Anticosti Island have indicated that the formation is under-pressured compared to formation pressures normally encountered at equivalent depths. Corridor believes that this lower than expected formation pressure may account for why the potential oil pay was overlooked in the previous Chaloupe well. The Chaloupe structure has an areal extent of more than 13,000 acres and, if successful, has the potential to contain in excess of 100 million barrels of recoverable light oil. Hydro-Quebec holds a 25% working interest in the Chaloupe exploration licence, while Corridor holds the remaining 75% working interest in the licence and is the operator of the well. Results of the Chaloupe well are expected to be known during the last week of July. Following completion of operations at the Chaloupe well, the drilling rig will be moved approximately 50 kilometers to the northwest to drill the MacDonald structure, where Hydro-Quebec and Corridor each hold 50% working interests in the licence. Corridor is a junior oil and gas exploration and production company, headquartered in Halifax, Nova Scotia, with interests onshore in New Brunswick, Prince Edward island Prince Edward Island, province (2001 pop. 135,294), 2,184 sq mi (5,657 sq km), E Canada, off N.B. and N.S. Geography One of the Maritime Provinces, Prince Edward Island lies in the Gulf of St. and Quebec, and offshore in the Gulf of St. Lawrence Noun 1. Gulf of St. Lawrence - an arm of the northwest Atlantic Ocean off the southeastern coast of Canada Gulf of Saint Lawrence Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . "Statements in this Press Release may constitute forward-looking statements.Such forward-looking statements include risks, uncertainties and other factors which may cause actual results, performance or achievements of Corridor to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.Corridor does not undertake to update any of such forward-looking statements." A map is available at the following address: http://www2.ccnmatthews.com/database/fax/2000/cdh0706.jpg The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has neither approved nor disapproved the information contained herein Corridor Resources Inc. (TSX VENTURE:CDH) |
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