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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Bridge Energy | BRDG | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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152.50 | 152.50 |
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 05/6/2013 10:32 by ceohunter *TOMORROW*- The directors of Bridge Energy (AIM: BRDG), Caledonia Mining (AIM: CMCL), Leyshon Resources (AIM: LRL) and Largo Resources (TSX-V: LGO) will be presenting.Thursday the 6th June 2013, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite) The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception. REGISTER HERE: http://www.proactive |
Posted at 28/5/2013 08:40 by ceohunter The directors of Bridge Energy (AIM: BRDG), Caledonia Mining (AIM: CMCL), Leyshon Resources (AIM: LRL) and Largo Resources (TSX-V: LGO) will be presenting: Thursday the 6th June 2013. VENUE: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite) The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception. REGISTER HERE: http://www.proactive |
Posted at 07/3/2013 19:07 by bomfin I agree that BRDG is undervalued. Also think there will be companies wanting to get a hold of the PL457 20%. Bridge though won't be wanting to sell out of there until it is fully appraised. 400 million barrels or even higher recoverable on this block isn't impossible. imho dyor Where the sands thicken against the Utsira high on the eastern side Sverdrup is over a billion barrels recoverable. They won't want to sell out until they drill that. Equally others may have their eye on this potential prize and may bid for the company if Bridge won't sell PL457. Very happy to be holding here and happy to do so for a few years to see what is around Asha and Garantiana. imho dyor |
Posted at 04/1/2013 08:50 by greenroom78 Am I being daft or have they failed to tell us the terms of this deal? As in what are BRDG getting for giving up 16.5%? |
Posted at 10/10/2012 15:05 by hamlette I take wendsworth's point about JN Financial, a leading City broker specialising in Contracts for Difference (CFDs) and Spread Betting but I believe BRDG to be one of the better North Sea outfits and offers plenty of upside from here. |
Posted at 10/10/2012 12:51 by wendsworth khitchen : Suffice to say I've previous experience of their 'pump and dump' methodology. 'My advice' to anyone following 'THEIR advice' is 'don't be greedy' once you're in reasonable profit on the way up THEN TAKE IT....BEFORE the inevitable......plun Having said that BRDG could eventually prove to be a real winner but the share price won't go up in a straight line and stay there....hence the induced volatility! |
Posted at 05/10/2012 07:09 by topinfo Good Rns too this am. You get the feeling these Guys are going to be very busy over the coming weeks/months dont you. Now bring on the Oil Strike news.Bridge Energy ASA Bridge Energy ASA: Completion of the Boa Field Acquisition Alert TIDMBRDG 5(th )October 2012 Bridge Energy ASA ("Bridge", "Group" or "the Company") Bridge Energy Announces Completion of Boa Field Acquisition Bridge, the AIM and Oslo Axess listed oil and gas exploration and production company (OAX: BRIDGE/ AIM: BRDG), is pleased to announce that it has completed the acquisition of a 1.55% working interest in the producing Boa field from OMV (U.K.) Limited for an adjusted consideration of $18.1m (the "transaction") with an effective date of 1 January 2012. The acquisition includes a transfer of around 40,000 barrels of oil stock which will be sold following completion for an estimated value of around $4.4 million (based on prevailing prices of around $110/bbl).The acquisition is being funded through a combination of current cash and Bridge's existing reserve base lending facility. The acquisition increases Group 2012 production by 230 bopd and 0.2 mcfpd sales gas, which is equivalent to 260 boepd combined. The Boa field The unitised Boa field extends across the UK/Norway median line and lies 88.65% in Norway Block 24/6 and 11.35% in UK Blocks 9/15a and 9/15b. The Boa reservoir is contained within a high-quality upper Heimdal sand and comprises a light oil rim with an overlying gas cap and very strong natural aquifer drive. The field was developed in 2008 as part of the wider Alvheim area development with three subsea development wells tied back to the Alvheim FPSO operated by Marathon Oil Norge AS. Oil is then shipped by shuttle tanker, while gas is exported into the UK market via the Beryl SAGE system. The Boa field facilities and the Alvheim FPSO has an excellent utilisation record with typical uptime above 90%. Boa field production The field had produced around 25 million barrels of oil up to the effective date of the acquisition (1(st) January 2012) and is currently producing 15,000 bopd gross. The production performance of the field has exceeded expectation and recovery estimates have continued to increase during the field life. Potential for further infill drilling in the field has been identified as well as the development of the field gas cap. In addition to Alvheim, the FPSO processes oil from a number of other fields which resulted in a combined throughput for 2011 in excess of 140,000 boe/d. This high throughput results in very low unit operating costs for the Boa field. The Boa working interest adds 0.5million barrels of 2P developed producing reserves to Bridge. The field delivers low maintenance oil production with a high operating margin. Bridge estimates that at an oil price of $110/bbl, it will receive over $100/bbl after tax for production during 2012-2014 as a result of Bridge's accumulated tax pool. The Boa field has low exposure to decommissioning liabilities and is expected to produce until 2022. Bridge's CEO, Tom Reynolds, commented: "The completion of the Boa acquisition continues our previously stated strategy to build a solid cash flow base for future re-investment and growth. The Boa field delivers reliable production with very strong operating margins, which is efficiently supported by our accumulated tax pool in the UK. The addition of Boa also continues to broaden our producing assets portfolio and further diversifying our revenue streams." - Ends - For further information, please contact: Bridge Energy Tom Reynolds, Chief Executive |
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