Corridor Resources Inc.

Corridor Resources Inc.

May 17, 2006 08:19 ET

Corridor Reports on Mccully M-66 Well Results

HALIFAX, NOVA SCOTIA--(CCNMatthews - May 17, 2006) - Corridor Resources Inc. (TSX:CDH) announced today that the McCully M-66 well has been drilled to a total measured depth of 2509 meters. The well encountered 45 meters of indicated net gas pay thickness in the Hiram Brook formation, including 24 meters in the "A" sand and 21 meters in the "B"sand, the thickest and most porous "B" sand encountered to date in the McCully Field. The Nabors #4 drilling rig is being relocated to drill the J-66 well from the same surface drill pad, and is designed to intersect the Hiram Brook Formation at a location approximately 600 meters southeast of the McCully K-66 well (please see map below). The M-66 well is the 16th well drilled to date in the McCully field that has encountered natural gas bearing sands in the Hiram Brook Formation. The well has been logged and cased to total depth in preparation for frac stimulation operations planned to be conducted at the well later this year. Corridor and Potash Corporation of Saskatchewan are participating jointly in the M-66, K-66 and J-66 wells.

Laboratory analyses of rotary sidewall cores from the McCully K-66 well (drilled just prior to M-66) indicate the permeabilities to air in the upper "A" sand of that well are the highest encountered to date (5 to 15 millidarcies) in the McCully Field.

A map of McCully Drilling Program is available at the following address:

Corridor is a junior oil and gas exploration and production company, headquartered in Halifax, Nova Scotia, with interests onshore in New Brunswick, Prince Edward Island and Quebec, and offshore in the Gulf of St. Lawrence.

Contact Information

  • Corridor Resources Inc.
    Norman W. Miller
    (902) 429-4511
    (902) 429-0209 (FAX)