Anticosti Island is located within a hydrocarbon-rich geological basin known as the Anticosti Basin. The Anticosti Basin is part of a series of basins that formed on the ancient continental margin of North America about 400 to 500 million years ago and extend from the southern United States to the northern tip of Newfoundland. Corridor has land holdings varying from 50% to 100% in 1,530,943 gross acres (891,906 net acres) in more than 30 exploration licences covering lands across most of Anticosti Island. Corridor holds long term licenses that are due to expire in 2019.
The Anticosti Basin beneath the island ranges in depth from about 1200 meters in the north of the island to over 4000 meters deep in the south, and has the potential to host several different exploration opportunities, as depicted below:
Anticosti Statigraphy
Romaine Formation – stratigraphic equivalent of the prolific, porous carbonate reservoirs in the United States, such as the Beekmantown, Knox, Arbuckle and Ellenburger rocks;
Trenton/Black River – fractured, hydrothermal dolomite reservoirs analogous to the Albion-Scipio play and the successful Trenton/Black River play pursued by Talisman in New York State;
Macasty Formation – a black oil-bearing shale unit that is the stratigraphic equivalent of the Utica (Point Pleasant) Shale in the Ohio; and
English Head Formation – A light to medium grey organic shale with minor siltstones and limestones that is equivalent of the Loraine Group of Québec and New York.