Bridge Energy ASA Bridge Energy Asa: Announcement From Spike Exploration Holding As

 
TIDMBRIDGE 
 
 
 
 
 
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, 
 IN OR INTO CANADA, AUSTRALIA, JAPAN, THE UNITED STATES 
 OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION 
 OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT 
 NOTICE AT THE END OF THIS COMMUNICATION. 
 
 
   25(th) October 2013 
 
   Bridge Energy ASA 
 
   ("Bridge", "Group" or "the Company") 
 
   Announcement from Spike Exploration Holding AS 
 
   Bridge, the Oslo Børs and AIM listed oil and gas exploration and 
production company (OSE:BRIDGE/AIM:BRDG.L), notes the announcement by 
Spike Exploration Holding AS ("Spike") today in relation to its 
voluntary tender offer to acquire all outstanding shares in Bridge 
Energy ASA. Spike has announced that final government approvals have now 
been received and that settlement will take place as soon as reasonably 
possible and not later than 15 Norwegian business days from the date of 
this announcement. 
 
   The full text of Spike Exploration Holding AS announcement is below: 
 
   Voluntary offer for shares in Bridge Energy ASA - final governmental 
approvals received, settlement expected within 15 Norwegian business 
days 
 
   NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, JAPAN OR ANY OTHER 
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL 
 
   Stavanger, 25 October 2013 - Reference is made to the offer document 
dated 3 October 2013 (the "Offer Document"), issued by Spike Exploration 
Holding AS (the "Offeror"), relating to its voluntary tender offer (the 
"Offer") to acquire all outstanding shares (the "Shares") in Bridge 
Energy ASA (the "Company"). 
 
   The Offeror has received consent and clearance from the Norwegian 
Ministry of Petroleum and Energy as described in section 3.3 (c) (i) of 
the Offer Document, and the required notification to the Norwegian 
Ministry of Finance has been made. This means that all conditions for 
completion of the Offer set out in section 3.3 (c) have been met. 
 
   The Offeror further confirms that all other conditions for completion of 
the Offer that require any action in order to be fulfilled have been met, 
and none of the conditions that refer to events that shall not occur 
have, to the Offeror's knowledge, occurred. Accordingly, the Offeror 
will proceed to settle the Offer with respect to validly tendered 
Shares. In accordance with section 3.14 of the Offer Document, 
settlement will take place as soon as reasonably possible and not later 
than 15 Norwegian business days from the date of this notice. 
 
   The Offer and the distribution of this announcement and other 
information in connection with the Offer may be restricted by law in 
certain jurisdictions. Spike Exploration does not assume any 
responsibility in the event there is a violation by any person of such 
restrictions. Persons into whose possession this announcement or such 
other information should come are required to inform themselves about 
and to observe any such restrictions. 
 
   Contacts 
 
   Spike Exploration Holding AS 
 
   Bjørn Inge Tønnessen, CEO, [phone], 
 
   [e-mail] 
 
   Harald Vabø, Chairman, [phone], 
 
   [e-mail] 
 
   This information is subject to the disclosure requirements set out in 
section 6-19 of the Norwegian Securities Trading Act. 
 
   - Ends - 
 
   For further information, please contact: 
 
   Bridge Energy 
 
   Tom Reynolds, Chief Executive 
 
   [e-mail] 
 
   Aberdeen                                                                                [phone] 
 
   Euan Tait, Corporate Development 
 
   [e-mail] 
 
   Aberdeen                                                                               [phone] 
 
   Cenkos Securities 
 
   Jon Fitzpatrick                                                                        [phone] 
 
   Neil McDonald                                                                        [phone] 
 
   FTI Consulting 
 
   Edward Westropp/Natalia Erikssen 
[phone] 
 
   [e-mail] 
 
   Statutory guidance statements 
 
   This information is subject to disclosure requirements pursuant to 
section 5-12 of the Norwegian Securities Trading Act. 
 
   Notes to Editors 
 
   Bridge Energy is an oil and gas exploration and production company which 
holds production licences in the UK (North Sea) Continental Shelf and 
exploration assets in both the UK and Norwegian Continental Shelves. The 
company is listed on the Oslo stock exchange (OSE: BRIDGE) and the 
London stock exchange (AIM: BRDG.L). 
 
   The Company has a significant number of licences both within the UK and 
NCS, including several operatorships.  Bridge has drilled 18 exploration 
and appraisal wells, including ten discoveries. 
 
   Underpinned by existing production from its operated Victoria field, 
non-operated Duart field, non-operated Boa field, Bridge boasts a high 
impact exploration portfolio with a strong inventory of undeveloped gas 
discoveries which represents a sustainable business platform for 
production and exploration growth in the North Sea. 
 
   For more information please visit: www.bridge-energy.com 
 
 
 
 
 
   This information is subject of the disclosure requirements pursuant to 
section 5-12 of the Norwegian Securities Trading Act. 
 
   This announcement is distributed by Thomson Reuters on behalf of Thomson 
Reuters clients. 
 
   The owner of this announcement warrants that: 
 
   (i) the releases contained herein are protected by copyright and other 
applicable laws; and 
 
   (ii) they are solely responsible for the content, accuracy and 
originality of the 
 
   information contained therein. 
 
   Source: Bridge Energy ASA via Thomson Reuters ONE 
 
   HUG#1738363 
 
 
  http://www.bridge-energy.no/