Bridge Energy ASA Bridge Energy Asa: Pl511 Mjøsa Exploration Well Spudded

 
TIDMBRIDGE 
 
 
   15(th) April 2013 
 
   Bridge Energy ASA 
 
   ("Bridge", "Group" or "the Company") 
 
   PL511 Mjøsa exploration well spudded 
 
   Bridge, the Oslo Børs and AIM listed oil and gas exploration and 
production company (OSE: BRIDGE/AIM: BRDG.L), is pleased to announce 
that the drilling of exploration well 6406/6-3 has commenced. 
 
   The well will target the Mjøsa gas prospect, which is located 10 km 
northeast of the Linnorm discovery within the Haltenbanken Area of the 
Norwegian Sea. The well is being drilled by the Transocean Arctic 
semi-submersible rig and is targeting Lower and Middle Jurassic 
reservoirs. The estimated unrisked mean potential targeted by the well 
is 14 mmboe net to Bridge. 
 
   Bridge has a 7.5% interest in the well. Wintershall is the operator with 
25%, and the other partners are Maersk (25%), Petoro (20%), VNG (12.5%), 
and Tullow (10%). 
 
   More details of the Mjøsa prospect can be found in the Corporate 
Presentation March 2013 and our most recent Reserves and Resources 
Report at http://www.bridge-energy.com/investor. 
 
   - Ends - 
 
   For further information, please contact: 
 
   Bridge Energy 
 
   Tom Reynolds, Chief Executive 
 
   [e-mail] 
 
   Aberdeen                                                              [phone] 
 
   Alfred Kjemperud, MD Bridge Energy Norge 
 
   [e-mail] 
 
   Norway                                                                   [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 information contained in this announcement has been reviewed and 
approved by Dr Alfred Kjemperud, Managing Director, Bridge Energy Norge 
AS.  Alfred holds a PhD in Geology from The University of Oslo and has 
been a practising Petroleum Geologist for over 30 years. He has compiled, 
read and approved the technical disclosure in this regulatory 
announcement. 
 
   The technical disclosure in this announcement and the estimates are 
based on the definitions and guidelines set out in the 2007 Petroleum 
Resources Management System prepared by the Oil and Gas Reserves 
Committee of the Society of Petroleum Engineers and reviewed and jointly 
sponsored by the World Petroleum Council (WPC), the American Association 
of Petroleum Geologists (AAPG) and the Society of Petroleum Evaluation 
Engineers (SPEE).These definitions and guidelines can be found on the 
SPE website at www.spe.org. 
 
   The Company has a significant number of licences both within the UK and 
NCS, including several operatorships.  Bridge has drilled 17 exploration 
and appraisal wells, including ten discoveries. 
 
   Underpinned by existing production, 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 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#1692915 
 
 
  http://www.bridge-energy.no/