BRIEF-Corridor says enters into financial hedge

Fri Oct 7, 2016 8:19am EDT
 
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Oct 7 (Reuters) - Corridor Resources Inc

* Entered Financial Hedge For Period From December 1, 2016 To March 31, 2017 For 2,500 mmbtu Per Day Of Natural Gas Production

* Partially Shut-In Its Natural Gas Production In September

* Intends To Continue Such Partial Shut-In Until End Of November 2016

* Corridor Enters Into Financial Hedge

* Revised its Guidance From Guidance Previously Provided On May 12, 2016 And September 16, 2016

* Financial Hedge For 2,500 mmbtu Per Day Of Natural Gas Production At A Fixed Price Of $US6.50/mmbtu

* Sees Average Daily Natural Gas Production 5.9 mmscfpd For Period From April 1, 2016 To March 31, 2017

* Revised Guidance To Reflect Decision To Partially Shut-In Production And Enter Into A Financial Hedge Source text for Eikon: Further company coverage: