Corridor Resources Inc announced on Monday that flow testing of the McCully No. 2 well located northeast of Sussex, New Brunswick, Canada has been completed. The test resulted in a stabilized natural gas flow rate of 2.2 MMcf/d at a flowing tubing head pressure of 2,100 pounds per square inch (psi) following a three-day flow period. Corridor said initial analysis of the well’s production performance indicates that it is capable of flowing gas at a rate of 4.1 MMcf/d at the design separator pressure of 400 psi. The McCully No. 2 well is currently shut- in for pressure build-up analysis. The well’s development is under a 50/50 joint venture partnership with the Potash Corp. of Saskatchewan Inc., with Corridor acting as the operator. Following completion of testing operations at the McCully No. 2 well, Corridor plans to workover, re-complete and re-test the McCully No. 1 well. The company said it also plans on completing the third McCully well by late May. Corridor is a junior oil and gas exploration company, headquartered in Halifax, Nova Scotia, with interests onshore in New Brunswick, Prince Edward Island and Quebec and offshore in the Gulf of St. Lawrence.

The Department of Interior’s Minerals Management Service (MMS) has engaged a consulting firm to help improve the agency’s eGovernment program, streamlining its efforts by linking with its stakeholder communities and exchanging data and transacting business via the web. Much of the program office’s current processes are paper intensive, and include overlapping data collection. Booz·Allen & Hamilton, a global management and technology consulting firm, has teamed with Houston-based Petris Technology, Inc., a web-based data management and eBusiness solutions provider focused on the oil and gas industry, to carry out the project.

In an era when whales and snails get better press, two groups dedicated to capitalism are using the impending celebration of Earth Day to point out the importance of the earth’s resources to human beings. Promoting the “moral case for exploiting the Artic National Wildlife Refuge (ANWR),” the Center for the Moral Defense of Capitalism (CMDC) and the Ayn Rand Institute (ARI) are scheduling a news conference Friday in Washington in advance of their own Earth Day celebration at the Washington Monument April 22.”The goal of the environmentalists is to save the earth from man, while the goal of the industrialists is to exploit the earth for man,” the two said in announcing the briefing at 9 a.m. Friday at the National Press Club. “Oil is the very lifeblood of modern civilization. As oil is drained from the arteries of American commerce by environmentalists, we lose the energy to sustain human life: to heat our homes, to harvest our fields, to transport food, or to light the laboratories that help save the lives of countless millions,” said Nick Provenzo, chairman of the CMDC. “Restricting the production of oil for the sake of keeping a vast wilderness frozen is an immoral attack on human life.” ARI, based in Moreno del Rey, CA (www.aynrand.org), takes its name from the author of the classic defenses of capitalism, “Atlas Shrugged” and “The Fountainhead.”

Provident Bank and its subsidiary, Information Leasing Corp. (ILC) has announced the establishment of PFG Energy Capital,, a specialized energy financing group. This new business unit will provide creative and unique financing solutions to energy management/efficiency equipment and systems vendors along with vendors of distributed generation equipment. William J. Garnett and Henry K. Lee, joining PEG Energy Capital from the federal and commercial leasing division of Academic Capital Group, Inc. will lead ILC’s new venture as senior vice president and vice president, respectively. PEG Energy Capital will be based in Pasadena, CA. It offers financial solutions for all types of projects designed to reduce energy operating costs and achieve environmental goals without large, up-front capital costs. “The current energy crisis in the western United States has heightened the country’s awareness that energy conservation and efficiency are of the utmost importance. By providing creative financing solutions to our clients, we can help reduce the demand for energy consumption,” Garnett said.

Sempra Energy reported Monday that it has signed a five-year information technology (IT) outsourcing agreement with Computer Sciences Corp. (CSC) valued at more than $70 million. According to the companies, This contract, which extends to June 2006, replaces and significantly expands the current contract through which CSC provides service to Sempra Energy’s corporate headquarters and its San Diego Gas & Electric Co. (SDG&E) subsidiary, scheduled to expire in June 2001. Under the new agreement, CSC will manage the distributed computing infrastructure for additional units of Sempra Energy, including the Southern California Gas Company (SoCalGas). Altogether, CSC’s support of Sempra’s distributed IT operation encompasses approximately 10,000 desktops, 350 servers and enterprisewide help-desk support.

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