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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bridge Energy | BRDG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 152.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 152.50 | 152.50 |
| Top Posts |
|---|
Posted at 10/10/2014 12:40 by aim_trader Tom's new turn around playIona Energy listed on the TSX-V ====== Iona Energy seals offtake deal to advance Orlando field development Toronto listed Iona Energy (CVE:INA) revealed offtake arrangements have been secured for its 75% owned Orlando field in the North Sea. Iona agreed the deal with CNR International, the operator of the Ninian Central Platform (NCP), which is where the field’s oil will be routed. A field development plan was approved for Orlando last April and first oil is targeted by the end of 2016. The ‘hub’ development will initially give Iona net production of 8,000 barrels oil equivalent per day, from an 11.5mln barrel reserve. Planning is already at an advanced stage for the installation of brownfield equipment on NCP starting next year, while subsea and drilling work is slated for 2016. Iona chief executive Tom Reynolds now anticipates the Orlando development will move ahead at pace, following the off-take deal and its associated agreements. Dave Whitehouse, CNR’s vice president of development operations, meanwhile, said: ““CNR is pleased to be working with Iona to bring additional production volumes back to the Ninian Central host platform. “The Orlando development is an important development for this key North Sea hub.” Iona separately confirmed to investors that it is incompliance with its debt covenants, relating to a senior secured bond, and said it does not foresee any breaches of its covenants in the third or fourth quarter of this year – notwithstanding the longer shut-down of its 15% owned, E.ON operated Huntington field. The company also told investors that a proposed buy-out of the Trent and Tyne fields was now highly unlikely to go ahead and revealed a potential dispute with its partner in the project Perenco. Iona had agreed to buy Perenco’s 80% stake in the asset back in April, signing a sale and purchase agreement (SPA) which had an October 28 deadline. The company said it had intimated to Perenco in recent letters that it did not believe the conditions could be satisfied in the remaining time. In today’s statement Iona said: “Perenco has disagreed with the position of the company and has now written to Iona attempting to terminate the SPA on the grounds of the company’s alleged breach of contract, stating that it was entitled to retain the deposit of US$2mln and reserving its rights to claim damages. “The company strongly believes that it has complied with its obligations under the SPA and accordingly is entitled to the repayment of the deposit and will robustly defend any action raised by Perenco.” [...] |
Posted at 07/6/2013 10:43 by ceohunter To view Bridge Energy's presentation from last night's Proactive Investors One2One Investor Forum, click on the following link: hxxp://www.proactive |
Posted at 24/5/2013 14:20 by mattoil Shares in North Sea focused Bridge Energy (LON:BRDG) are too cheap, according to City Broker Cenkos.Analyst Ashley Kelty says that at 122p each valuing the firm at £77mln the shares don't fairly reflect the value in the Bridge portfolio. "The company remains undervalued relative to peers," he said in a note. According to Kelty the AIM quoted share offers 'deep value' for investors. Highlighting specific projects, he says the developments in the Vulcan area could prove to be transformational for the company, and so could the recent discoveries in Norway. "We see further high impact exploration wells in 2013, alongside progress on developments, as providing catalysts for further rerating of the shares in the coming months." Cenkos repeated its 'buy' rating and 266p price target following Bridge's first quarter results statement. |
Posted at 15/3/2013 18:24 by mattoil Very good points on the value of Asha as well, using the latest transaction on Grieg, which is part of the same development, Asha would be worth Bridge's MC alone. Add on producing fields, Garantiana, Tax Pool, the exploration licenses and an award winning team.. Its hard to find a downside here. Ss far as being acquired, I doubt many current investors would settle for less than 20 NOK. It should not be very hard to pay that for the right buyer, they can collect the tax pool quick, make well use of the exploration team and get two fantastic new finds, as well as some minor producing stakes and further promising prospects. Norwegian North Sea is hot right now and anyone with producing UK assets wanting to expand to Norway would be ideal... Say TAQA or Enquest.. |
Posted at 27/2/2013 11:28 by rogerlin I have e-mailed investor relations at Bridge to ask if the significance of the white line can be explained as it seems quite important as it is such a large area. |
Posted at 29/10/2012 15:38 by unlikely2 From Newsweb.no today:-Bridge Energy ASA: Application for Transfer of Listing to Oslo Børs Bridge, the Oslo Axess and AIM listed oil and gas exploration and production company (OAX: BRIDGE/ AIM: BRDG.L) has, on 24 October 2012 submitted an application requesting to transfer the listing of the company's shares from Oslo Axess to the main Oslo Børs trading exchange. - Ends - How long this process takes I don't know. Seems to be the Norwegian equivalent of moving from an AIM listing to a Full Stock Exchange listing. Raises the profile and gives access to more investors. |
Posted at 21/10/2012 21:14 by unlikely2 The rig which will drill PL 457 (Bredford Dolphin) is now on its way. ETA is 1500 Tuesday, so would expect spud RNS Thursday or Friday. Anyone really bored can track it on AIS.Also note that Bridge will present at Oil Barrel on 13th Nov. All part of raising the profile among UK investors. |
Posted at 04/10/2012 23:41 by tez123 Bridge Energy Joins AIM with a View to Raise Fundsby Jon Mainwaring|Rigzone Staff|Thursday, September 27, 2012 UK-Norwegian oil and gas junior Bridge Energy confirmed Thursday that its shares have been admitted to trading on London's Alternative Investment Market. Although Bridge has not yet raised any money on AIM, the company wants to the opportunity to do so if certain of its projects on the UK and Norwegian continental shelves are successful in the near future. Bridge already had its stock listed in Oslo, Norway, but AIM is a very popular market among UK-based investors in resources stocks including specialist fund managers as well as retail investors. Speaking to Rigzone, Bridge CEO Tom Reynolds said the firm was fully funded for its near-term program and that allowing the stock to trade in London was preparation for the capital-intensive phase of the business' growth. "We're working on a lot of things that may result in the business needing to grow the capital available to it, so this is very much in preparation of our future requirements. We can talk to a much deeper pool of capital and much wider group of investors," said Reynolds. Reynolds added that during the next 12 to 24 months he sees a number of triggers occurring that would pave the way for Bridge to raise additional funds. In the near term, Bridge is currently involved in the drilling of three wells, and a new well on its PL457 license in the Norwegian North Sea is planned for mid-October. The company and its partners have already made discoveries here and are currently looking to prove these before deciding on moving to a field development phase. "So between now and the end of the year we are looking at some really high-potential results from some very interesting wells," said Reynolds. |
Posted at 23/9/2012 21:09 by aim_trader Listing this Thursday. Went down very well with investors in Edinburgh and London at the Proactiveinvestors one2one investor forums Their presentation can be found here: |
Posted at 21/9/2012 14:04 by ceohunter Bridge Energy CEO says it has an "exciting growth profile" ahead of AIM listingTom Reynolds, CEO of Bridge Energy (OAX:BRIDGE LON:BRDG) tells Proactiveinvestors that as the company approaches its listing on the Alternative Investment Market in London, Bridge has an "exciting growth profile" driven in part by the prospects for exploration in Norway. Tom also explains a bit more about the prospects for investors and how the company differs from its peers in the sector. |
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