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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bridge Energy | LSE:BRDG | London | Ordinary Share | NO0010566235 | ORD NOK1 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 152.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 152.50 | GBX |
Bridge Energy (BRDG) Share Charts1 Year Bridge Energy Chart |
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1 Month Bridge Energy Chart |
Intraday Bridge Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/10/2014 | 13:17 | Bridge Energy - North Sea Oil producer with aggressive production profile | 529 |
| 13/1/2013 | 19:46 | Bridge to far | 6 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 20/9/2013 12:37 by polyps Where is everyone planning to put there BRDG money?What do you feel the best option is that is producing and undervalued?? |
Posted at 16/9/2013 12:56 by wendsworth Excite next? Could be a smart move to sell holdings in BRDG and move them to XEL? Premium should be around four times current share price. |
Posted at 06/9/2013 18:52 by bomfin Think you are right Rogerlin. Outside Asha and Garantiana I doubt there's anything in the share price for other Norwegian assets. |
Posted at 28/8/2013 12:24 by mattoil News will only be oil/no oil. With very high probability of striking oil, but uncertainties of volumes I think we will be fairly certain to see an up tick in the share price following the news. |
Posted at 22/8/2013 16:59 by major clanger A piece from Broker Forecasts today (via hxxp://www.brokerforAIM listed oil and gas exploration and production company Bridge Energy [LON:BRDG] reported its second quarter results, today, which brokerage firm Cantor Fitzgerald believes highlights the company's robust financial position. The broker said: "Whilst largely in-line with expectations, Bridge's interim results illustrate the company's operational development in the North Sea. "With the Duart field slated to restart in early 2014 and long term production projected to exceed 10,000boepd within five years, in our view, Bridge is beginning to shape itself into a material contributor to production growth in the Continental Shelf." Analysts have maintained their 'buy' recommendation and 203 pence per share target price. At 4:24pm: Bridge Energy share price was unchanged at 116 pence. |
Posted at 06/8/2013 11:55 by bomfin Yes Mattoil. we are currently undervalued but a successful appraisal/explo or both will make current share price look very skinny indeed. |
Posted at 11/6/2013 12:06 by bomfin Not much damage to share price as you say! I'm still trying to work out why Detnorske need 2 more years drilling for Ivar Aasen :-) That's a lot more wells and PL457 havn't even appraised the east of the field yet!? |
Posted at 24/5/2013 14:21 by mattoil Pareto Securities: H2'13 well could firm up more Asha volumes The operator of the Asha license has now secured a H2'13 rig slot for the next well in the license. This will both test the Amol prospect and appraise the potential eastern extension of Asha. This well could potentially firm up a volume in the higher end of the current 30-100 mill boe range for Asha in time for the mid-2014 unitisation with the Ivar Aasen development, and thereby significantly strengthen the PL 457 partners' position Good quarterly results Bridge reported Q1'13 net profit of NOK 3m, which was better than our NOK -11m estimate. The background was lower than expected exploration expenses and an unrealized gain on the company's natural gas price hedge position. The company reported a cash position of NOK 95m, with additional unused capacity on its debt facilities. In line with our estimates, the company expects this to be sufficient to fund its activities this year, while the financing situation thereafter depends on the outcome of the potential asset transactions the company is considering. H2'13 well in PL 457 will both test new prospect and appraise Asha The operator of the Asha license (Wintershall) has now secured Borgland Dolphin to drill a well with expected start up in Q3'13 and results in Q4'13. The well will both test the 30 mill boe Amol prospect and appraise the possible eastern extension of the Asha discovery. Bridge's current estimate for Asha is 30-100 mill boe and the appraisal should narrow the range significantly. We think this well result could strengthen the position of Bridge and its partners in PL 457 in the ongoing unitisation process with the Ivar Aasen development, scheduled to be finalized by mid-2014. Compelling valuation BUY recommendation reiterated As we have earlier noted, the market is pricing Bridge at an unusually high discount to underlying asset values. In fact, one could argue that based on recent transaction pricing of UK tax loss positions, close to zero value is attributed the company's oil & gas assets. We think this cannot last in the long run and expect the share price will improve through the remainder of this year, potentially triggered by an asset sale or other structural changes. |
Posted at 08/3/2013 12:35 by bomfin listened to conference call.A couple of things of note I think. They will drill Amol later this year and can potentially appraise the East of where they map Asha in their block by sidetracking this exploration well. Their default position is to see Asha through to development but would divest/swap or farm down if the right offer was made. Tom Reynolds considers there is very little in the share price for Asha even at current share price. All imho dyor |
Posted at 07/3/2013 16:57 by mattoil Yes, saw the comment on unit discussions. Very positive, and potentially a very awesome trigger. Moving resources up in the development chain will immediately be reflected in the share price, as well as make the company even more attractive for firms looking to acquire a bigger stake in the North Sea. Given the potential worth of Bridge's finds, I think it would be more attractive for a suitor to by the whole company vs. just the current barrels. Similar deals in the area has put a price on each barrel around USD 8,-, with a development plan secured, there may be an upside to that. Assuming not, Asha alone is worth about 80% of the current share price. Just my take on it anyway.DYOR |
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