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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (5703)12/10/1998 4:12:00 AM
From: Kerm Yerman  Read Replies (1) | Respond to of 24905
 
John L / Corridor Resources

I've been following the East Coast drilling activity closely. I will begin some research on Corridor. Just saw there was a news release this week where Foothills Properties Inc. has been picking up CDH shares in the open market. Between shares and warrants, they own 18% of fully diluted shares of CDH.

I remember reading that Shell Canada and Encal has a farm-in agreement on CDH lands. The first two wells were abandoned (I think). They also plan to drill in the Gulf of the St Lawrence. That's the extent of my knowledge.

Can you give me a little background beyond this? I would be interested to learn what the target formations are in comparison to Hibernia and other on-coming drilling activity offshore Newfoundland.