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Corridor Reports Technical Difficulties at Green Gables Well # 3 |
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Friday, 14 December 2007 |
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Corridor Resources Inc. (TSX:CDH) reported today that it has encountered technical difficulties while fraccing the first interval in the Green Gables # 3 well on Prince Edward Island. Approximately one third of the frac had been satisfactorily pumped into the well when the pressure integrity of the 4 1/2" production casing was lost and the frac operations were suspended. Corridor will prepare a plan to evaluate the difficulties in order to determine whether further stimulation work can be conducted. This unexpected event will defer the planned multiple fracs in this well until the nature of the difficulties is more fully understood. Corridor is now proceeding with the planned completion operations at the New Harmony # 1 well as part of the farm-in on PetroWorth's PEI Exploration Licence 03-02 announced on May 11, 2007.
Corridor Resources Inc. is a Halifax, Nova Scotia based company focused on exploring and developing natural gas resources in the McCully Field and surrounding areas of southern New Brunswick. The Company initiated natural gas production to M&NP on June 28, 2007 and has a continuous drilling program underway to add reserves and production capacity as the field development expands. Corridor also has a number of potentially high impact exploration projects planned in New Brunswick and elsewhere in Eastern Canada. |