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BRIEF-Corridor provides an operations update

Published 2015-11-05, 08:39 a/m
© Reuters.  BRIEF-Corridor provides an operations update
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Nov 5 (Reuters) - Corridor Resources Inc CDH.TO :
* Provides an operations update and announces additional forward sale
* Entered into additional forward sale agreement for 1,000 mmbtu per day of
natural gas for three months
* Forward sale agreement at $us7.00/mmbtu for December 2015, $us9.40/mmbtu for
January 2016 and $us9.30/mmbtu for February 2016
* From November 1 to March 31, 2016, about $5.5 million out of estimated $12.3
million of gross revenues will be generated from forward sale agreements
* Says increased its cash flow from operations forecast in 2015 from $6.3
million to $8.2 million
* Source text for Eikon urn:newsml:reuters.com:*:nMKWPVqWPa
* Further company coverage CDH.TO

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