CORRIDOR RESOURCES Oil & Gas Förderer - 500 Beiträge pro Seite

[Kursbrecher]

Auf der Suche nach geeigneten Öl & Gas Explorern war Corridor Resources plötzlich auf meinem Radar. Zum beobachten allemal ein geeigneter Gas & ÖL Player. Nach der Wirtschaftskriese bestimmt auch was für Risiko bereite Anleger.

Homepage http://www.corridor.ca/index.html


Projekte und Beteiligungen:




Was will man mehr, Explorationsprogramm steht, Risiko minimiert da man bereits Förderer ist.

Total volumes Q3 2008
Natural gas production (mmscf) 1,548
Condensate production (bbl) 1,718

Daily production averages
Natural gas production per day (mmscfpd) 16.8
Condensate production per day (bblpd) 18.7


Der Preis ist heiß:


Halifax, Wednesday, January 14, 2009: Corridor Resources Inc. (CDH - TSX) announced today its capital and operating budget for 2009 as approved by its Board of Directors. The Corporation plans a total capital expenditure program of $59.9 million, primarily related to drilling and completing additional natural gas production wells in its McCully Field in southern New Brunswick. The budget program is designed to increase natural gas production and revenues from the McCully Field and evaluate the oil and shale gas potential of the surrounding basin, while allowing the Corporation to maintain a strong balance sheet with no outstanding debt. Capital expenditures for 2009 will be based on the cash currently available and net cash flow projected to be available from 2009 natural gas production and sales. Priorities for 2009 include:

stepping out and drilling, testing, completing and tying in four new McCully appraisal and development wells in the Hiram Brook formation (including the C-29 well which was deferred in Q4, 2008) and extending the proven and probable reserves area of the McCully Field;
drilling and completing a step-out well to follow up on the South Branch G-36 oil discovery well at the Caledonia Field (announced in November, 2008);
drilling and evaluating an exploration well located approximately 4 kilometers southeast of the South Branch G-36 oil discovery well and designed to evaluate the oil and/or natural gas potential of sands in the upper Hiram Brook formation and the shale gas potential of the Frederick Brook formation;
frac’ing and testing the Green Road G-41 well (deferred from late 2008) to evaluate the shale gas potential of the Frederick Brook formation in the Elgin sub-basin;
seeking a joint venture partner to accelerate appraisal and potential development of the Frederick Brook shale gas opportunity in the Elgin and other areas within the basin; and
conducting a site survey at a proposed drilling location on the Old Harry structure in the Gulf of St. Lawrence in preparation for drilling an exploration well on the prospect within two years.
2009 Capital Budget
Corridor's 2009 capital budget is designed to be affordable within the Corporation's projected fiscal capacity, including approximately $15 million of working capital carried forward from Corridor’s 2008 fiscal year plus approximately $58 million of anticipated net cash flow from McCully production during 2009. The budget assumes that no additional funds will be utilized from other sources such as equity financings, corporate debt or asset sales. The budget has been prepared based on several assumptions regarding projected capital expenditures, production volumes and sales gas prices. Revenues from gas sales are based on a gross average production forecast of 32 mmscf/day (22.4 mmscf/day net to Corridor), an average sales gas price of US$6.00/MMbtu at Henry Hub (NYMEX) and an exchange rate of $0.85 Canadian per US dollar. The production forecast has been based on hyperbolic decline curve projections keyed on production performance to date. The assumed US$6.00/MMbtu gas price is currently approximately $0.50 below the forward strip price for the remainder of 2009.

The total 2009 capital budget is forecast to be $59.9 million net to Corridor’s working interest. The budget projects that four new McCully appraisal and development wells will be drilled and cased by the end of May, 2009, at an estimated net cost to Corridor of $24.5 million. The well completion budget is $14.1 million net to Corridor for fracturing and testing at McCully, including completion of the I-47 horizontal well. Additional funds have been allocated to other activities, including $8.5 million to drill, case and frac 2 step-out and appraisal wells (one of which is joint with PCS) in the recently discovered Caledonia oil field, $2.8 million for tying in new wells to the McCully gas gathering system, $2.3 million for Corridor’s share of four exploration wells on Anticosti Island, $0.8 million for a well-site survey at Old Harry and $3.5 million for gas plant maintenance and other corporate assets. Also included in the budget is $3.4 million carried over from 2008 for frac’ing the Green Road G-41 well and drilling two core holes at Sally’s Brook.

[Duundich]

Ich ja der gleiche wie dieser wert A0HNLY

[Turbofrank]

KZ unter 1 Euro

[Turbofrank]

Das Ende ist nah

[Kursbrecher]

Sieht doch garnicht so schlecht aus.

http://www.corridor.ca/media/2009-press-releases/20090326.ht…

[Popeye82]

59.1(!!) TCF best estimate auf Deren Anteil:

Corridor Reports Results of Independent Shale Gas Resource Study - June 26, 2009
www.corridor.ca/media/2009-press-releases/20090626.html

"HALIFAX, Friday, June 26, 2009, (CDH-TSX) provided a summary of the results of an independent study of the quantity of shale gas resource contained within the Frederick Brook formation in the Sussex/Elgin sub-basins of southern New Brunswick. The study, effective June 1, 2009 conducted by GLJ Petroleum Consultants of Calgary, Alberta, states that the best estimate of discovered resources in the study area is 67.3 TCF gross and 59.1 TCF Corridor working interest (refer to table below). The study was conducted in accordance with the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. The results of this study are based on all available seismic and well information within the study area provided by Corridor to GLJ . The GLJ study addressed only in-place gas volumes since insufficient information is available at this time to estimate the technical or economically recoverable amount of shale gas within the study area.

There is no certainty that it will be commercially viable to produce any portion of these discovered resources. (...)"

[Turbofrank]

Antwort auf Beitrag Nr.: 37.046.653 von Kursbrecher am 27.04.09 14:52:43

mähhhhhhhhhhhh mähhhhhhhhhhhhhhh Back Back

[Popeye82]

Talk of 'huge' gas resource in NB, but ever cautions Corridor says wait and see - OR/NBBJ - Jan 12, 2010
www.ocean-resources.com/industry-news.asp?newsid=8447

"A massive natural gas deposit found in this area could equal the size of all of Canada's proven reserves , but whether it ever comes out of the ground remains to be seen.

Corridor Resources Inc. has a well site on Green Road just north of Elgin. "You can't say that it's proven yet," cautions Norm Miller, president of Corridor Resources which found the gas and which operates gas wells in the area between here and Sussex.

"What we know and what we've had independently verified . . . is that there is a huge gas resource there, but we say 'resource,' not 'reserve.'"

Corridor believes the amount of gas under the ground in the region is about 60 trillion cubic feet. By comparison, Canada is the western hemisphere's second-largest producer of natural gas, with proven reserves of 58 trillion cubic feet.

What remains up in the air is whether it is technically feasible to recover the gas, and at a price that would make it worthwhile, particularly at a time when North American gas prices are only recently recovering from historic lows.

However, it's a safe enough bet that Houston-based Apache Corporation, an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids in seven countries around the world, has invested $25 million in the play, with the potential for more than $100 million, depending on what they find. Apache's role at this point is to further assess the potential of the find.

And while $25 million or $100 million isn't chump change, to put the investment in perspective, Apache spokesman Bill Mintz notes the company spends billions of dollars on similar explorations every year.

"This is our first foray into the east," Mintz says, noting Apache's Canadian activities are centred in western Canada.

"We knew Corridor was active in the basin and there are people in our company whose job it is to look for opportunities."

Residents in the Elgin area are waiting to see what will happen with the massive deposit, and for that matter, so are the two companies involved.

"We are still in the appraisal stage," Mintz says.

Corridor continues to explore and test in the area and Apache will start its work there soon which will consist of testing and further exploration, at this point. How that work will manifest itself depends on what it finds and how its work plays out.

Miller anticipates progress will be "evolutionary," as opposed to a sudden breakthrough.

"The 'Eureka!' moments could come in stages," Miller says.

"You gain certain insights as you proceed in stages."

In other words, it is too soon to determine the scope of the manpower and equipment that will be working at the site in the coming months.

Steven Hinds, senior hydrocarbon-resources geologist with the Province of New Brunswick, says it is noteworthy that an independent third party provided the estimate of the size of the deposit, but he too underlines that much work remains before it can be determined how much of a gas development could occur here.

"Each shale gas play is unique, and we're at the very early stages of evaluating this resource," Hinds says.

The geologist notes, however, that tests suggest a producing well could have a flow rate of about four million cubic feet per day, which compares very well to Corridor's existing wells which boast a flow rate of, on average, one or two million cubic feet per day.

The site is known as the Frederick Brook formation and it is located on Green Road, which is about four kilometres or 2.5 miles north of Elgin.

Only 20 kilometres or 12.5 miles to the west, at Penobsquis, Corridor has exploration sites and several gas-producing wells that feed into the Maritimes and Northeastern pipeline that carries natural gas from Sable Island off the coast of Nova Scotia to markets in the United States. Those same Corridor wells also provide natural gas to the nearby PCS New Brunswick potash mine, which is undergoing a $1.7 billion expansion.

For its $25-million initial investment, Apache will appraise the find, and possibly develop any oil or natural gas development to come from the explorations. The company commits to do work such as testing and well drilling over the next 18 months to evaluate the find's commercial potential. After completing that commitment, Apache earns a 50 per cent working interest in that site.

On or before July 1, 2011, Apache can exercise the option of continuing their efforts, as well as possibly building a 20-kilometre pipeline to Corridor's gas plant in Penobsquis by March 2013, at a cost of not less than $100 million. That would earn them a 50 per cent working interest in approximately 116,000 acres now held by Corridor in the area. "

[Kursbrecher]

Hat sich bisher gut entwickelt.

[SEPP_EIXLBERGER]

Heiligerstrohsack -40%
Price Change % Change Volume Day High/Low 52 Week High/Low
1.10 -0.72 -39.56% 939.98 k 1.75/0.98 6.14/1.72
Last Traded:
12/21/2011 10:26 Transaction Volume
700

Open
1.75 Prev. Close
1.82

Bid
1.10 Ask
1.12

Bid Size
9200 Ask Size
3300

Market Cap (Mil)
97.31 m Shares Out (mil)
88,464,133

PE Ratio
N/A Dividend Yield