Corridor Resources Inc.

Published : March 24th, 2015

Anticosti Hydrocarbons - Results of its 2014 Campaign

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Anticosti Hydrocarbons - Results of its 2014 Campaign

Communiqué de presse

Press Release For Immediate Release

Anticosti Hydrocarbons L.P. Provides Update and Results of its 2014 Campaign

QUÉBEC, QUÉBEC -- (- March 19, 2015) - (TSXV: PEA) (TSX:CDH) (EPA:MAU) : Anticosti Hydrocarbons L.P. (the "Limited Partnership") is pleased to provide an update on its 2014 stratigraphic core holes campaign. The campaign has been a technical and operational success. The Macasty target has been met in each of the five drilling locations and the results of the core analysis met or exceeded the expectations of the partners.

The Limited Partnership is pleased to announce that the implementation of robust health, safety and environmental practices by the operator has been effective. A committee established by the board of directors of the Limited Partnership and responsible for overseeing these issues has been in place since the beginning of the operations. Although the drilling sites were located in a remote area, workers were able to operate in a safe environment. The Limited Partnership completed its work in close cooperation with the residents of the island and received valuable input from a local residents' committee.
Samples from the five Macasty continuous cores obtained in 2014 in the eastern and central parts of the island have been analysed. The results are within the range of the assumptions used in the resource assessment of the Macasty Shale performed in 2011 by Sproule Associates Limited and available on SEDAR at www.sedar.com. (Under the profile of Pétrolia Inc. and/or Corridor Resources Inc.)
The Limited Partnership believes that the most important technical factors to consider in regards to the development prospects of the Macasty formation are, by order of importance:
- Mature source rock with residual Total Organic Carbon (TOC) levels which, on a qualitative scale, are ranked as very good to excellent;
- Hydrocarbon concentrations in the rock (S1) which, on a qualitative scale, are ranked as very good;
- Porosity that is within an expected range and;
- Permeability values in excess of 100 nanodarcies which indicates the probability of producing hydrocarbons based on comparisons from similar source rock in productive reservoirs.
The Limited Partnership is pleased to announce that the results of the core hole samples and electrical logs obtained during the 2014 stratigraphic campaign meet or exceed its expectations with respect to the foregoing factors. These results will be used to complete an update of the resource assessment by Sproule Associates Limited. This assessment will enable the integration of the core data collected last summer, as well as those of the latest analytical results, to update the resource assessment conducted in 2011.
From an operational standpoint, last year's stratigraphic well campaign has given the Limited Partnership the opportunity to use a new stratigraphic drilling technique with a closed-loop drilling mud system and safety equipment similar to that used in an oil drilling campaign. These elements have been successfully adapted to the drilling rigs used for stratigraphic wells. This constitutes a major innovation in mine drilling technology and enables us to meet the industry's highest health, safety, and environment standards.

The Limited Partnership is also pleased to announce that despite the fact that the stratigraphic program had to be spread over a two year period, the cost of this phase of the program is not expected to exceed the $25 million budget previously agreed to by its limited partners. In addition, the Limited Partnership confirms that work will resume in spring 2015 to complete the approved stratigraphic program before making a decision on the drilling locations of the three horizontal oil wells to be done in 2016.
The board of directors of the Limited Partnership is very pleased with the execution of this successful first phase performed by the operator, Pétrolia Anticosti Inc. (a subsidiary of Pétrolia Inc. - TSXV: PEA), with the technical support of its partner Saint-Aubin E&P (Québec) Inc.

About Anticosti Hydrocarbons L.P.

Anticosti Hydrocarbons L.P. is a limited partnership owned by Ressources Québec (35%), Investissements PEA Inc. (a subsidiary of Pétrolia Inc.) (21.67%), Saint-Aubin E&P (Québec) Inc. (a subsidiary of Maurel & Prom and MPI) (21.67%) and Corridor Resources Inc. (21.67%). The limited partnership holds 38 permits for hydrocarbon exploration totalling 6195 km² on Anticosti Island. The primary objective of this partnership is to demonstrate the commercial viability of hydrocarbon resources on Anticosti Island. The board of directors of Anticosti Hydrocarbons L.P. consists of one representative from each of the partners and one independent director. The limited partnership has formed four committees made up of an equal number of representatives from each of the partners. The purpose of these committees is to help ensure the success of the project on the technical, economic, environmental, and social levels. The combined expertise of the organizations that comprise Anticosti Hydrocarbons L.P. will allow it to implement the exploration program, employing the highest industry standards, in full safety and with respect for the environment.

Forward-looking statements - Anticosti Hydrocarbons L.P.

Certain statements made herein may constitute forward-looking statements. These statements

relate to future events or the future economic performance of Anticosti Hydrocarbons L.P. and carry known and unknown risks, uncertainties and other factors that may considerably affect its results, economic performance or accomplishments when considered in light of the content or implications or statements made by Anticosti Hydrocarbons L.P. Actual events or results could be significantly different. Anticosti Hydrocarbons L.P. does not intend and undertakes no obligation to update these forward-looking statements.

-30-

CONTACT INFORMATION

Anticosti Hydrocarbons L.P. Alexandre Gagnon

418-657-1966

Read the rest of the article at www.noodls.com

Corridor Resources Inc.

CODE : CDH.TO
ISIN : CA2199191073
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Corridor Res. is a exploration company based in Canada.

Corridor Res. holds various exploration projects in Canada.

Its main exploration properties are OLD HARRY and MCCULLY FIELD in Canada.

Corridor Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 122.3 millions as of today (US$ 89.6 millions, € 80.2 millions).

Its stock quote reached its highest recent level on October 05, 2007 at CA$ 9.93, and its lowest recent point on December 18, 2015 at CA$ 0.35.

Corridor Res. has 88 620 000 shares outstanding.

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Corporate Presentations of Corridor Resources Inc.
11/20/2008Investor Presentation Available on Corporate Website
Financings of Corridor Resources Inc.
6/20/2008Closes $55 million bought deal financing.
6/3/2008Announces Acceleration of Frederick Brook Shale Appraisal Pr...
6/1/2007Closes $60 million Bought Deal Financing
5/14/2007Announces Bought Deal Financing
Financials of Corridor Resources Inc.
5/9/2013Announces First Quarter Results
11/13/2012Announces Third Quarter Results
5/14/2012Announces First Quarter Results
8/12/2011Announces Second Quarter Results
6/14/2011Announces First Quarter Results
11/11/2008Announces Third Quarter Financial Results.
8/13/2008Announces Second Quarter Earnings.
11/13/2007 Announces Third Quarter Earnings
8/14/2007 Announces Second Quarter Earnings.
5/11/2007Announces First Quarter Earnings.
Project news of Corridor Resources Inc.
10/22/2013Locks in Strong Prices for Winter Season on One-Third of Pro...
2/22/2011(Old Harry)Files Old Harry Project Description With the Canada-Newfound...
3/28/2008(Mccully Field) Completes Drilling Operations at McCully E-67
3/5/2008(Mccully Field)update on operations at McCully
1/14/2008(Mccully Field) REVERTS TO OVER-BALANCED DRILLING TO COMPLETE MCCULLY E-67 ...
Corporate news of Corridor Resources Inc.
12/23/2015Corridor Comments on Recent Quebec Government Statements Reg...
11/5/2015Corridor Provides an Operations Update and Announces Additio...
10/8/2015Anticosti Hydrocarbons: Completion of the Stratigraphic Core...
8/28/2015Corridor Announces New Website
8/14/2015Corridor Announces Second Quarter Results
3/31/2015Corridor Announces 2014 Year End Results and Reserves
3/24/2015Anticosti Hydrocarbons - Results of its 2014 Campaign
3/19/2015Anticosti Hydrocarbons L.P. Provides Update and Results of i...
12/23/2014Corridor Completes Additional Forward Sale Resulting in Stro...
12/18/2014Corridor Response to New Brunswick Moratorium
11/12/2014Corridor Announces Third Quarter Results
11/3/2014Update on Anticosti Island Operations
10/28/2014Corridor Announces Initial Results of 2014 Capital Program
10/23/2014Strategic Agreement Signed Between Anticosti Hydrocarbons an...
9/29/2014Corridor Announces New CEO
8/13/2014Corridor Announces Second Quarter Results
8/1/2014Corridor CEO to Retire
6/23/2014Anticosti Hydrocarbons L.P. Appoints Mr. Kjell Pedersen as V...
6/17/2014Anticosti Hydrocarbons L.P.: Stratigraphic Surveys Equipment...
5/12/2014Corridor Announces First Quarter Results
4/1/2014Corridor Announces Closing of Anticosti Joint Venture
3/27/2013Announces 2012 Year End Results and Reserves
1/14/2013Announces Positive Results from Two Anticosti Coreholes
9/4/2012Announces Anticosti Program
3/29/2012Announces 2011 Year End Results and Reserves
2/29/2012(Old Harry)Comments on C-NLOPB Decision in Respect of Old Harry
2/21/2012Announces Additional Anticosti Analysis and NAPE Presentatio...
12/21/2011Provides Update on Frederick Brook Shale Play
12/1/2011and Petrolia Announce Updated Anticosti Analysis: Results In...
7/13/2011Reports Independent Macasty Shale Resource Assessment for An...
6/1/2011 Frederick Brook Shale Appraisal Program
3/30/2011Announces 2010 Year End Results and Reserves and Provides Up...
6/29/2009REPORTS RESULTS OF INDEPENDENT SHALE GAS
1/14/2009Announces $60 Million capital budget for 2009
12/19/2008Provides Update on Operations in New Brunswick.
12/3/2008Discovers Oil at South Branch G-36
9/5/2008suspends fracturing operations at the Green Gables #3 Well i...
7/30/2008AND PETROWORTH REVISE PEI EXPLORATION AGREEMENT
7/9/2008s Drilling and Completion activiites in NB and PEI
5/12/2008webcast Annual Shareholder's meeting.
4/13/2008seeks expression of interest for natural gas storage
3/28/2008Announces 2007 Year End Results and Reserves
1/24/2008 Announces $71 Million Capital Budget for 2008
12/14/2007Reports Technical difficulties at Green Gables Well #3
12/12/2007Provides an update report on well drilling, completion and t...
10/10/2007REPORTS ON INITIAL NEW HARMONY #1 WELL RESULTS
9/27/2007Provides an Update Report on Well Completion and Testing Ope...
9/7/2007Reports on Initial Green Gables #3 well results
9/5/2007Reports McCully H-76 Well Results and Preliminary McCully F-...
8/3/2007 Reports on McCully J-38 Well Results
7/13/2007Reports on McCully D-66 well results.
6/28/2007Natural Gas Flows from Corridor's McCully Gas Field.
6/22/2007Announces Exercise of Over-allotment option.
5/18/2007Announces Results of McCully E-38 Well
5/11/2007 Enters Option Agreement with Petroworth
5/4/2007s Drilling, Development and Exploration Activities.
5/4/2007Drilling, Development and Exploration Activities in New Brun...
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