BRIEF-Corridor enters forward sale agreement for period from December 1, 2016 to March 31, 2017

Fri Sep 16, 2016 2:56pm EDT
 
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Sept 16 (Reuters) - Corridor Resources:

* Corridor provides update

* Entered forward sale agreement for period from December 1, 2016 to March 31, 2017 for an average of 4,755 mmbtu per day of natural gas

* Sees increase of 21 pct in projected cash flow from operations to $4.6 million in high case for period from April 1, 2016 to March 31, 2017

* Sees increase of 24 pct in projected cash flow from operations to $4.1 million in low case for period from April 1, 2016 to March 31, 2017 Source text for Eikon: Further company coverage: