Corridor Resources Inc. and Petrolia Inc. reported that they have acquired new analytical data from a cored interval of the Macasty shale in the Petrolia Corridor Chaloupe #1 well that was drilled during the summer of 2010 on Anticosti Island, Quebec. This data updates the analytical results previously disclosed by Corridor and Petrolia in a joint press release dated February 9, 2011. The analyses were conducted within the lab facilities of a major, independent E&P company, with extensive shale experience. These results indicate highly prospective oil and gas production potential for the Macasty shale.

The highlight of the analyses is the permeability, which ranges between 197 and 739 nanoDarcies and averages 479 nD. In addition, the analyses indicate that the total hydrocarbon saturation of the rock is approaching 70%, which is positive for shale productivity. The Total Organic Carbon (TOC) results average 4.34% and, finally, the new data also shows a higher Tmax value (a proxy for maturity). These exceptional shale permeabilities, combined with the relatively high hydrocarbon saturation and TOC results, are positive factors toward the goal of attaining economic production from the Macasty shale formation.

Corridor and Petrolia, control more than 1.5 million acres of prospective Macasty lands on Anticosti Island. The Macasty shale is the lateral equivalent of the Utica shale that is found in Ohio. This data would suggest that the rock properties of the Macasty shale are similar to that of the Utica shale in Ohio where a number of companies are active.

Tags: Corridor Resources Inc.