DRILLING PROGRAM / Anticosti Island: Shell, Corridor, Encal
DRILLING RIG EMBARKS FOR ANTICOSTI ISLAND
BECANCOUR, Qu‚bec, May 19 /CNW/ - Corridor Resources Inc.
announced today the loading out of the drilling rig ''Ralex No.4'' at
Becancour, Quebec from where it will be transported by ship on the MV
Avik to Anticosti Island. There the rig will drill the first two
exploration wells of a four well commitment by Shell Canada Limited
and Encal Energy Ltd. (TSE:ENL, NYSE:ECA) to earn interests in 2.4
million acres under licence to Corridor. Shell, as operator of the
drilling program, will offload the rig at Port Menier on Anticosti
Island, from where it will be transported by trucks to the first
drilling location. The first well, Roliff No. 1 (approx. 3,100
meters), is expected to be spudded by June 10, to be followed by the
Jupiter No. 1 well (approx. 2,500 meters) which will start drilling
about the first of August.
The Roliff and Jupiter wells will be the first wells drilled on
Anticosti Island in 24 years, and will be drilled on structures
defined by modern seismic data acquired by Corridor in 1996 and 1997.
Early exploration on Anticosti Island in the 1960's resulted in six
wells being drilled in the northwest part of the Island, all of which
encountered shows of oil and/or natural gas. The current program will
utilize modern technology to explore for reserves of oil and natural
gas in this virtually unexplored sedimentary basin.
Corridor is a junior natural resource corporation focussing on
oil and gas exploration in eastern Canada. The head office of
Corridor is located in Halifax, Nova Scotia, and its common shares
trade on the Alberta Stock Exchange under the symbol CDH.
The Alberta Stock Exchange has neither approved or disapproved
the information contained herein.
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For further information: Norman Miller, President, Corridor
Resources Inc., Suite 301, 5475 Spring Garden Road, Halifax, Nova
Scotia, B3J 3T2; Tel: (902) 429-4511; Fax: (902) 422-6715; Email:
info@corridor.ns.ca; URL: www.corridor.ns.ca
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