RNS6 Dec 2012 10:40
Bridge Energy ASA Bridge Energy ASA:Sidetrack Well Approved on PL457
TIDMBRDG
6(th) December 2012
Bridge Energy ASA
("Bridge", "Group" or "the Company")
Bridge Energy ASA: Sidetrack well approved on PL457
Bridge, the Oslo Børs and AIM listed oil and gas exploration and production
company (OSE:BRIDGE / BRDG.L), can confirm that the Norwegian Petroleum
Directorate has granted permission for the drilling of well 16/1-16 A - a side-
track of well 16/1-16 - in order to investigate indications of hydrocarbons seen
in the original well on licence PL457 where Bridge is a 20% partner.
The NPD approval can be found on the following link:
http://www.npd.no/en/news/Drilling-permits/2012/161-161/
Results from the well will be announced once drilling operations are complete.
- Ends -
For further information, please contact:
Bridge Energy
Tom Reynolds, Chief Executive
tom.reynolds@bridge-energy.com
Aberdeen +44 1224 659 120
Alfred I. Kjemperud, MD Norway
Alfred.kjemperud@bridge-energy.com +47 6677 9630
Cenkos Securities
Jon Fitzpatrick +44 207 397 1951
Neil McDonald
+44 131 220 9771
FTI Consulting
Edward Westropp/Jess Allum +44 20 7831 3113
Edward.Westropp@fticonsulting.com
Further details of the prospect can be found at our website on www.bridge-
energy.com.
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 16 exploration and
appraisal wells, including nine discoveries.
Underpinned by existing production from its operated Victoria field and its non-
operated Duart and Boa fields, 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 containe