Anticosti Island, Quebec
Click to Enlarge
Corridor has a 21.67% interest in the Anticosti Hydrocarbons L.P., which holds a 100% working interest in 1,530,943 gross acres in more than 30 exploration licenses covering lands across much of Anticosti Island. The Joint Venture lands overlie the Macasty shale, a liquids-rich exploration play on Anticosti Island, Québec. The Macasty shale is the stratigraphic equivalent of the prolific Utica (Point Pleasant) shale play currently producing in Ohio, USA.
Corridor is exploring the Macasty shale with its joint venture partners Ressources Québec, Pétrolia and Saint Aubin E&P Québec to appraise and potentially develop hydrocarbon resources on Anticosti Island. Because the license area is so large, Anticosti Hydrocarbon’s exploration program consists of drilling up to 18 stratigraphic core holes to identify the sweet spots where horizontal wells should be drilled and fracture stimulated. Anticosti Hydrocarbons proposes to drill and fracture stimulate three initial horizontal wells in 2016.
A resource assessment completed by Sproule Associates Limited provides a best estimate* of 30.7 bboe gross unrisked undiscovered petroleum initially-in-place (6.65 bboe net to Corridor) for the Macasty Shale within the Anticosti Joint Venture lands. The Macasty shale is a black, organic rich shale with similar geological characteristics to the Utica (Point Pleasant) shale in Ohio, where production from wells in the heart of the play have initial production rates up to 20 mmcf/d of gas and 1,300 bbls/d of liquids.
* See Legal Disclaimer