Petroworth is getting ready to breathe some life into Prince Edward ISLAND. They will finance the fracturing and testing of the Green Gables no. 3 well…. (see news release)

Maxim is sandwiched in-between Corridors Property and well positioned to benefit if the well flows as some suggest it’s capable. JUST one more thing to add to the “Maxim’s RADAR” as we move towards the August planned developmental drilling in Trinidad.

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Maxim PEI licensed blocks comprise about 376,000 acres primarily onshore in Price Edward Island. To date over $7.5 million (CDN) has been spent in identifying large oil and gas structures for drilling and development.

Regional and local geological studies have identified several potential reservoirs of significant thickness and lateral extent at depths of less than 2,000 meters. Four prospects have been identified on the permits and mapped. These plays are diversified in structure, deposition and formation.

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Petroworth Resources revises PEI deal with Corridor

Petroworth Resources Inc (C:PTWR)
Shares Issued 21,938,720
Last Close 7/29/2008 $1.31
Wednesday July 30 2008 - News Release

Mr. Neal Mednick reports

PETROWORTH AND CORRIDOR REVISE PEI EXPLORATION AGREEMENT

Petroworth Resources Inc. has entered into a revised agreement with Corridor Resources Inc. regarding natural gas exploration activities on Prince Edward Island. Under the terms of the revised agreement Petroworth will finance 100 per cent of the costs of fracturing and testing the initial two zones in the Green Gables No. 3 well in early August to a maximum cost of $2-million to earn a 10-per-cent working interest in Corridor's Green Gables licence 04-03. Flow test results from the two fracs are expected to be announced by the end of August.

Corridor drilled the Green Gables No. 3 well to a total depth of 2545 metres in October/September 2007. The well encountered more than 70 metres of indicated net gas-bearing sand mainly in the Bradelle Formation using a 6 per cent porosity cut-off. The Green Gables property features a huge closed structure covering some 11,000 acres, which Corridor estimates contains 510 billion cubic feet of natural gas at an 8 per cent porosity cut-off and one trillion cubic feet of gas at a 6 per cent porosity cut-off.

Following the initial two fracs at Green Gables No. 3, Corridor shall have the option (until September 5, 2008) to elect to locate and drill a total of two exploration wells (at 100 per cent cost to Corridor, including at least one frac in each well) on lands comprising Petroworth licences 03-01, 03-02, 04-05, 04-06 and 04-07 prior to July 31st, 2009 to earn a 50-per-cent working interest in these licences. Petroworth and Corridor have also agreed that each shall have the right to back into a 50-per-cent working interest in any licence acquired by the other party on Prince Edward Island during the next five years. This new agreement revises the previous agreement between Petroworth and Corridor announced on May 11th, 2007.

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Petroworths MAP....



Maxim's MAP.........



Hope they get a sucessful GAS WELL and can add some significant EXCITEMENT BUZZ into the region...... Good luck Petroworth / Corridor, Make us ALL PROUD TO BE IN Prince Edward Island !

Watching REGARDS,

Tommer3