Apache Canada is currently exploring the Moncton Basin in the Elgin area of southern New Brunswick.  The Moncton Basin holds significant potential for natural gas, and early test results are encouraging. Estimated gas reserves in the area could be up to 25 percent of the entire province of Alberta. While there are several variables that will further determine commercial feasibility of shale gas, such as the price of natural gas, land access and infrastructure, technical advancements have made strides toward economic viability of shale gas.

In late 2009, Apache entered into a farm-in agreement with Corridor Resources Inc. to explore and potentially develop oil and natural gas resources in the Elgin region of southern New Brunswick. The 18-month program, ending in June 2011, will evaluate the commercial potential of natural gas development in hydrocarbon-rich shale known as the Frederick Brook Formation by drilling two exploration wells. 

Details about the project can be found in these handouts:
- Project Overview: April 2010
- Activity Update: June 2010
- Drilling Mud and Groundwater Isolation: June 2010

Apache believes in being a good neighbor and keeping local residents, landowners, government and businesses engaged and well-informed.

The company also wants to listen to your concerns and questions and ensure that all stakeholders have the opportunity to provide feedback and input.

Apache will send out activity updates through direct mail and e-mail, and will host community events as needed. If you have any questions or concerns, please call (toll free) 1-877-645-8545.