Core Operating Areas
Corridor’s current inventory of exploration opportunities encompasses a large land position (780,116 net acres undeveloped land) with a tremendous potential resource-in-place. The corporation’s exploration portfolio is supported by stable cash flow from its New Brunswick McCully Field production operations and prudent financial management.
Corridor also has three high impact – high reward exploration prospects; the Frederick Brook shale gas prospect in New Brunswick and the Old Harry conventional hydrocarbon prospect in the Gulf of St. Lawrence with a total of approximately 420 thousand net acres of undeveloped land; and the Macasty Formation unconventional hydrocarbon prospect through a 21.67% interest in the Anticosti Joint Venture, which has approximately 1.5 million acres of undeveloped land.
Please review the map below to gain a better understanding of Corridor’s extensive land position.