Corridor Makes Gas Discovery with McCully J-67 Well
Corridor Resources reported that the McCully J-67 well has been drilled to a total depth of 2659 meters. The well encountered 31 meters of indicated net gas pay thickness in the Hiram Brook formation, including 19 meters in the "B" sand and 12 meters in the "A" sand. The Nabors #4 drilling rig is being relocated to drill the K-66 well, designed to penetrate the Hiram Brook formation at a location approximately 600 meters southwest of the McCully O-66 well (please refer to the map). The J-67 well is the 14th well drilled to date in the McCully field that has encountered natural gas bearing sands in the Hiram Brook Formation. It has been logged and cased to total depth in preparation for frac stimulation operations, which are planned at the well later this year. Potash Corporation of Saskatchewan has elected not to participate in the J-67 well.
Within the next two weeks Corridor will provide an update on its forward plans for the next couple of years with respect to the longer-term development of the McCully Field and the exploration of other prospects in the McCully area.
Corridor is a junior oil and gas exploration and production company, headquartered in Halifax, Nova Scotia, with interests onshore in New Brunswick, Prince Edward Island and Quebec, and offshore in the Gulf of St. Lawrence.
A map of the McCully Drilling Program is available at http://www.ccnmatthews.com/docs/cdha0306.jpg
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