Corridor Resources Inc

From Wikimarcellus

Halifax, Nova Scotia-based Corridor Resources Inc. (TSX: CDH) is a junior oil and gas exploration and production company which has an emphasis on Québec Province, offshore in the Gulf of St. Lawrence, and the Canadian Maritimes. Together with partner, Petrolia, each holds roughly 900,000 and 600,000 net acres, respectively (combined 1.5 million net acres) potentially prospective for shale oil.

In May, 2010 Corridor entered into a joint venture with Petrolia to drill four exploratory Trenton-Black River wells on Anticosti Island during the summer of 2010. (Visit the latter company's wiki page for additional details.)

Map of the Anticosti Island
Courtesy of Corridor Resources

According to a June, 2010 Corridor press release, the company had mobilized a coiled tubing drilling rig to Port Menier on Anticosti Island, and planned to drill four onshore oil exploration wells on the island during the summer months. The Jupiter well was to be spud during July. The company was investigating the potential for light oil production from the carbonate of the Trenton-Black River formation and Mingan and Romaine formations. The joint venture with Petrolia was to drill all four wells, and it was planned to cut a conventional core in the Macasty shale (Utica shale equivalent) in one of the wells to evaluate the shale oil potential. The entire island is undergrided by the Macasty formation.

In early September, 2010, Corridor announced that it had completed its exploration program on Anticosti Island and was withdrawing all drilling equipment. Apparently, only three wells had been actually drilled in the east central part of the island. The well sites were named Chaloupe, Jupiter and Saumon.

• The Chaloupe well was drilled to a measured depth of 5,377 feet with a sub-horizontal segment in the Black River section. With this well, no significant reservoir potential was found. Corridor had retrieved an 89-foot long conventional core from the oil-bearing Macasty shale that overlies the Trenton formation, and an analysis of its reservoir character and fluid content was underway. The Macasty shale undergirds almost the entire island. The deeper sections of the Chaloupe well had been completely abandoned while the prospects appeared somewhat brighter for shale oil in the upper ones where work had merely been suspended. Corridor and Petrolia were 50-50 partners on this well, and the latter company was operator

• The Jupiter was a re-entry of a Corridor/Hydro-Quebec well and drilled directionally to a measured depth of 6,686 feet. Live oil shows were found, but the reservoir did not appear to be of commercial quality and the well was abandoned.

• The Saumon well, similar to Chaloupe, had a sub-horizontal leg in the Black River formation. It was drilled to a measured depth of 4,012 feet. 170 barrels of salt water flowed within the first half hour with almost an equal amount of flow later. Finding the formation to be water-bearing was considered indicative of high reservoir permeability and a prospective factor for oil. Simialr to Chaloupe, the deeper sections of this well were abandoned with the upper formations merely suspended and awaiting future shale oil development activities. Corridor owned 75% of the working interest in this well and was its operator. Petrolia held the balance of the working interest.

• Norman Miller is Corridor's President.
• Isabelle Proulx is Vice President, Corporate Affairs.