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To: Andrew~ who wrote (5126)	2/13/2014 4:11:06 PM
From: Andrew~	Read Replies (1) \| Respond to of 202085

CDH-T, PEA-V Corridor Announces $100 Million Anticosti Joint Venture: The Government of Quebec and Maurel & Prom to Invest Corridor Resources Inc. CA:CDH -1.71% : Corridor Resources Inc. ("Corridor") announced today that it has signed a letter of intent with the Government of Quebec, through its affiliates Investissement Quebec and Ressources Quebec ("RQ"), Petrolia Inc. ("Petrolia") (TSXV-PEA) and Etablissements Maurel & Prom S.A. ("M&P") to create a joint venture that will appraise and potentially develop hydrocarbon resources on Anticosti Island, Quebec. Exploration Program The letter of intent calls for the parties to conduct an exploration program of up to $100 million in two phases, Phase 1 of which is to consist of an initial program budgeted at $55 million and not to exceed $60 million. The Phase 1 program is planned to commence in 2014 and requires the drilling of 15-18 stratigraphic wells in year one followed by three wells with multiple fracture stimulations in year two. Following a favourable decision of the board of directors of the General Partner of the limited partnership to be formed in its review of the Phase 1 results, a Phase 2 program for the remaining $40 to $45 million will be undertaken to drill and fracture stimulate an additional number of wells and conduct certain feasibility studies. http://www.marketwatch.com/story/corridor-announces-100-million-anticosti-joint-venture-the-government-of-quebec-and-maurel-prom-to-invest-2014-02-13-16173339?reflink=MW_news_stmp

To: Andrew~ who wrote (5126)	2/13/2014 6:32:25 PM
From: Andrew~	Respond to of 202085

JNX-V Junex Announces a Milestone Letter of Intent with Ressources Quebec for Oil Exploration on Anticosti Island QUEBEC CITY, QUEBEC--(Marketwired - Feb. 13, 2014) - Junex Inc. ("Junex") (TSX VENTURE:JNX) is pleased to announce the signature of a Letter of Intent (the "Agreement") with Ressources Quebec ("RQ") whose goal is to complete the evaluation of the petroleum potential of Junex's exploration permits on Anticosti Island. This 233,275 acre-sized landholding is 100% held by Junex and contains, according to Netherland, Sewell & Associates, Inc., a resource potential of 12.2 billion barrels of oil initially-in-place in the Macasty Shale(i). According to this Agreement, the partners commit, if the financing is completed, to perform an exploration program in two phases for a maximum total amount of $90 million financed by RQ and a third party industry player who remains to be identified and who will be at arm's length. In exchange for its investment, Ressources Quebec and the industry partner will earn an interest of 80% in a special purpose vehicle created for the project (the "SPV") which will control 100% of Junex's Anticosti Island permits. Phase 1 of the exploration program will be composed of nine (9) wells for which the budget is estimated at $50 million: the drilling of three (3) exploration wells that will evaluate the Macasty Shale and deeper conventional targets; the drilling of four (4) stratigraphic tests; and the drilling, completion and massive fracture stimulation of two (2) horizontal wells drilled into the Macasty Shale (with a 1,000 metre-long horizontal leg and 8 stages of fracture stimulation in each well). The exploration program for Phase 2 will be defined after the completion of Phase 1 and will be subject to approval of the SPV's Board of Directors to proceed with Phase 2. RQ and the third party will finance this phase up to the financial commitment of $90 million, and, thereafter, the partners will finance the project according to their respective working interest levels. This Agreement is subject to the conclusion of an accord with a third party industry player by October 31, 2014, at the latest. About the Petroleum Potential on Junex's Permits on Anticosti Junex's permits on Anticosti are principally situated in the Deep Fairway. The evaluation of the petroleum potential of these permits was performed by Netherland, Sewell & Associates, Inc., ("NSAI"), a firm of worldwide petroleum consultants based in Texas, who had placed their Best Estimate of the undiscovered shale oil initially-in-place ("OIIP") volume for the Macasty Shale on Junex's acreage at 12.2 billion barrels (see Junex's September 28, 2011 press release for more details about NSAI's report). web.tmxmoney.com