Corridor Announces First Quarter Results
(firmenpresse) - HALIFAX, NOVA SCOTIA -- (Marketwired) -- 05/13/15 -- (TSX: CDH): Corridor Resources Inc. ("Corridor") announced today its first quarter financial results.
The following table provides a summary of Corridor's financial and operating results for the three months ended March 31, 2015, with comparisons to the three months ended March 31, 2014. Corridor's unaudited financial statements and management's discussion and analysis for the first quarter have been filed on SEDAR at and are available on Corridor's website at .
All amounts referred to in this press release are in Canadian dollars unless otherwise stated.
Selected Financial Information
Q1 2015 Netback Analysis
Highlights
Steve Moran, Corridor's President and CEO comments "Corridor's 2015 first quarter cash flow from operations netback of $73.13/boe is surely to be industry top decile and highlights the premium natural gas pricing market at Algonquin city-gates during the winter. This further reinforces our recent decision to reduce production for the upcoming summer period, in order that we may optimize our production to capture the winter pricing in 2015/2016."
Corridor is an Eastern Canadian junior resource company engaged in the exploration for and development and production of petroleum and natural gas onshore in New Brunswick and Quebec and offshore in the Gulf of St. Lawrence. Corridor currently has natural gas production and reserves in the McCully Field near Sussex, New Brunswick. In addition, Corridor has discovered unrecoverable resources in Elgin, New Brunswick and a 21.67% interest in Anticosti Hydrocarbons, a joint venture which has undiscovered resources on Anticosti Island, Quebec.
Contacts:
Steve Moran
President and CEO
Corridor Resources Inc.
(902) 429-4511
(902) 429-0209 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 13.05.2015 - 22:32 Uhr
Sprache: Deutsch
News-ID 393198
Anzahl Zeichen: 0
contact information:
Town:
HALIFAX, NOVA SCOTIA
Kategorie:
Oil & Gas
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