Corridor Resources was searching for investors to back its multimillion-dollar plan but says "regulatory uncertainty" has now limited its search.

For Moffett, a business owner, the responsibility lies with government to ensure that any expansion in the McCully Field area happens in a safe and responsible manner.

Corridor Resources currently has 32 producing wells in the Sussex area and operates a 50 kilometre pipeline, a gathering system comprising 15 kilometres of pipe, and a natural gas processing facility.

The government of Brian Gallant instituted a moratorium on hydraulic fracturing in 2014.

Corridor Resources hopes conducting an independent study will help address conditions the New Brunswick government says are necessary to lift the moratorium on fracking.

Petrolia Inc. is seeking an injunction against a Quebec government agency to force it to invest in exploratory oil and gas drilling on Anticosti Island.

The Gallant government announced the indefinite extension of the fracking moratorium in late May.

The future of shale gas in New Brunswick was top if mind among many companies, scientists and researchers at the 2014 Exploration, Mining and Petroleum conference held in Fredericton this week.

The Quebec government is going ahead with plans to exploit the oil resources of Anticosti Island, estimated at 46 million barrels.