Corridor Integrity Lost at Green Gables Well # 3

Corridor Resources Inc. has encountered technical difficulties while fracturing 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.