Corridor Gets Green Light for McCully Pipeline

Corridor Resources says that the New Brunswick Board of Commissioners of Public Utilities has issued a decision in respect of Corridor's application for a permit to construct pipelines and related facilities from the McCully natural gas field to connect with the Maritimes & Northeast pipeline.

The Board is of the opinion that the construction and operation of the facilities proposed by Corridor is in the public interest and, accordingly, a permit to construct will be issued subject to the terms and conditions set out therein.

Corridor will commence construction of the facilities as soon as practicable, and anticipates that initial production from Phase 2 development of the field will commence in February, 2007, reaching gas plant design capacity of 30 million standard cubic feet per day early in the spring of 2007.

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.