Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Corridor Drops Most Since 2001 After Report on Well

Dec. 6 (Bloomberg) -- Corridor Resources Inc. fell the most in more than nine years after reporting “perplexing” results from a natural-gas shale formation in New Brunswick, Canada.

The company got “negligible” gas or none at all from two wells in the Elgin area, according to a statement today. Considering gas flows from nearby wells and from earlier drilling, “the preliminary responses of these wells are both unexpected and perplexing,” Halifax, Nova Scotia-based Corridor said.

Corridor fell C$2.57, or 33 percent, to C$5.19 at 4 p.m. on the Toronto Stock Exchange. It was the biggest decline since March 2001.

To contact the reporter on this story: Tina Davis in New York at tinadavis@bloomberg.net

To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.