Corridor Resources Inc. CDH.ASE Message Board

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Gold/Mining/Energy : Corridor Resources Inc. CDH.ASE

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To: Buckey who started this subject	9/20/2000 9:45:57 AM
From: Buckey	1 Recommendation Read Replies (1) of 33

Corridor encounters natural gas in exploration well Corridor Resources Inc CDH Shares issued 22,380,696 Sep 19 close $0.68 Wed 20 Sept 2000 News Release Mr. Norman Miller reports Corridor Resources has encountered natural gas in the McCully No. 1 exploration well located approximately 11 kilometres northeast of the town of Sussex, N.B. The Potash Corporation of Saskatchewan (PCS) is the operator of the well. Further evaluation of the well is required before any assessment of its production and reserves potential can be made. By carrying Corridor's share of the costs of the well, PCS will earn a 50-per-cent working interest in Corridor's petroleum and natural gas rights in four sections (1,440 hectares) in the immediate prospect area. Corridor retains 100 per cent of the petroleum and natural gas rights in 52,000 hectares (146 sections) immediately to the east, west and north of the McCully prospect. The McCully well will be the first to test a petroleum prospect in the Maritimes basin based on the application of 3-D seismic technology. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com

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