Corridor Resources is a publicly traded oil and gas exploration and development company with tremendous upside potential. Corridor currently has natural gas production and reserves in the McCully Field near Sussex, New Brunswick. In addition, Corridor has a shale gas prospect in New Brunswick and an offshore conventional hydrocarbon prospect in the Gulf of St. Lawrence. Corridor has a large land base of over 448,000 net undeveloped acres in Eastern Canada.
Corridor is a pure domestic focused company with no debt, positive working capital and is focused on de-risking two high impact prospects in eastern Canada: Frederick Brook Shale and Old Harry. Multiple exploration plays in different areas provide significant opportunity to drive future growth and build value for shareholders.
The Company has offices in Halifax and Calgary, and a field office in Penobsquis (near Sussex), New Brunswick where Corridor produces natural gas to Canadian and US markets. Corridor owns and operates a 50 km pipeline, a gathering system comprising 15 km of pipe, and a natural gas processing facility with 35 mmcf/d (5,800 boe/d) capacity. Corridor’s corporate strategy focuses on disciplined financial management, safe and reliable operations, and de-risking its high reward exploration plays.