Corridor Resources Inc. provided cash flow guidance for the year 2014. For the year, the company expects cash flow from operations of $14 million, which is based on an estimated average natural gas sales price of approximately $8.75/mscf and an estimated average net daily gas production of 8.0 mmscfpd. The company authorized a $27.2 million capital expenditure program for 2014 primarily related to a well re-entry and fracturing program in the McCully Field located in southern New Brunswick.
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- Corridor Resources Inc. Provides Cash Flow Guidance for the Year 2014