Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Corridor Falls After Failing to Find Shale Venture Partner

Dec. 21 (Bloomberg) -- Corridor Resources Inc. fell 38 percent, the biggest decline in 11 years, after the Halifax-based petroleum explorer said it hasn’t attracted a joint-venture partner for a shale-gas prospect in New Brunswick.

Corridor fell 69 cents to C$1.13 at the close in Toronto.

Low prices for natural gas and the “current economic environment” are the reasons it failed to find a partner for its resources near Elgin, New Brunswick, Corridor said in a statement. The company will continue to look for a partner next year.

The explorer expects to end 2011 with C$6 million ($5.8 million) of working capital and no debt, it said in the statement. The company focuses on exploration in Canada’s eastern provinces.

To contact the reporters on this story: Jeremy van Loon in Calgary at

To contact the editor responsible for this story: Tina Davis at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.