Thursday, November 20, 2008: Corridor Resources Inc. (CDH - TSX) announced today that, on November 19, 2008, Norman Miller, President and CEO, made an investor presentation at the EnergyGrowth Conference in Toronto, Ontario co-hosted by the FirstEnergy Capital Corp. and Societe Generale. A copy of this investor presentation is available on Corridor's website at www.corridor.ca.
Corridor is a junior resource company engaged in the exploration for and development and production of petroleum and natural gas onshore in New Brunswick, Prince Edward Island and Québec and offshore in the Gulf of St. Lawrence. Corridor currently has reserves of natural gas at only one property, the McCully Field near Sussex, New Brunswick. In June 2007, Corridor completed the construction of a field gathering system, a gas plant and a pipeline lateral connecting the McCully Field to markets through the Maritimes & Northeast Pipeline.
Contact: Norman W. Miller, President and CEO
Tel: (902) 429-4511
Fax: (902) 429-0209
Web: http://www.corridor.ca/
This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking information typically contains statements with words such as "anticipate", "believe", "plan", "continuous", "estimate", "expect", "may", "will", "project", "should", or similar words suggesting future outcomes. In particular, this press release contains forward-looking statements pertaining to the drilling plans for the remainder of 2008 and the 2008 estimated natural gas production. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized. Actual results will differ, and the difference may be material and adverse to Corridor and its shareholders.
Forward-looking statements concerning the drilling plans for the remainder of 2008 are based on the Corridor's revised capital budget for 2008 and the estimated natural gas production for 2008 is based on current production levels and production test results from five recently completed wells, along with production estimates for two wells to be completed and tested in the fourth quarter. Forward-looking statements are based on Corridor's current beliefs as well as assumptions made by, and information currently available to, Corridor and are set out in Corridor's Management's Discussion and Analysis for the nine months ended September 30, 2008. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks that forward-looking statements will not be achieved. These factors may be found under the heading "Risk Factors" in Corridor's Annual Information Form for the year ended December 31, 2007 and also Corridor's Management's Discussion and Analysis for the nine months ended September 30, 2008.
The forward-looking statements contained in this press release are made as of the date hereof and Corridor does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.