Corridor Reports on Latest Activities Anticosti Island, Quebec.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 been completed at the Chaloupe well location on Anticosti Island Anticosti Island Island, Gulf of St. Lawrence. Lying at the mouth of the St. Lawrence River in southeastern Quebec, it is 140 mi (225 km) long; its greatest width is 35 mi (56 km). Visited by Jacques Cartier in 1534, it became part of Quebec province in 1774. . The well was drilled to evaluate and test the hydrocarbon potential of the Black River formation and was located approximately one kilometer to the east of a previous well drilled on the Chaloupe structure. Corridor and its partner, Hydro-Quebec, had suspended operations at the well in late July to await delivery of a casing liner to shut off water influx into the wellbore from zones above the Black River formation. The casing liner was run and cemented in place, successfully shutting off the influx of water into the well. The well was then drilled to a total depth of 1215 metres, encountering oil shows but no reservoir development in the upper part of the Black River formation before encountering salt water towards the base of the formation. The well was drilled using nitrogen as the drilling fluid Noun 1. drilling fluid - a mixture of clays and chemicals and water; pumped down the drill pipe to lubricate and cool the drilling bit and to flush out the cuttings and to strengthen the sides of the hole drilling mud to evaluate the fluid content and the productive potential of the reservoir. Abandonment operations at Chaloupe are proceeding, after which the rig will be relocated to drill a well on the large Jupiter prospect (please refer to the map shown below) and where drilling operations are expected to commence by the end of August. Hydro-Quebec has agreed to pay 25% of the Jupiter well costs to earn a 25% working interest in the Jupiter 2001PG544 exploration licence. Corridor holds the remaining 75% interest in the Jupiter well and licence. Operations at Jupiter are expected to be completed by the end of September, and the drilling rig will be demobilized off the island in October. At the McCully natural gas field in New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. , Corridor is preparing to run production casing in the K-57 well as part of its preparation for frac stimulation operations planned to be conducted at the field commencing in late September. In addition, Corridor expects to make application to the New Brunswick government in December for approval to develop the field, gas plant and pipeline facilities to connect gas production from the McCully field to the Maritimes & Northeast Pipeline. Submission of the application is dependent upon positive results from the frac stimulation program. As part of pre-development activities, Corridor has awarded contracts to AMEC AMEC African Methodist Episcopal Church AMEC Agent Mediated Electronic Commerce AMEC Arctic Military Environmental Cooperation AMEC Advanced Micro-Fabrication Equipment Inc AMEC Association of Media Evaluation Companies Earth & Environmental for the environmental assessment of the pipeline route; to DKM Acquisition Service Inc. for pipeline right-of-way access with land holders; and to AMEC Industrial & Infrastructure Engineering for the preliminary design of the pipeline, gas plant and other field facilities. 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 of Corridor/Hydro Quebec Anticosti Island 2005 Drilling Program is available on CCNMatthews' website at the following address: http://www2.ccnmatthews.com/database/fax/2000/corr0825.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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