Bridge Resources Corp. Hires Meagher Energy Advisors
November 04 2011 - 12:00PM
Marketwired
Bridge Resources Corp. ("Bridge")(TSX VENTURE:BUK), together with
its joint venture partner Paramax Resources Ltd. (TSX VENTURE:PXM),
have retained Meagher Energy Advisors, a US based company
specializing in transactional advisory services, to review
strategic alternatives in regard to their Western Idaho Basin
project. This joint process involves their combined 100% interests
in the Willow and Hamilton development projects. The process is
being undertaken with the support of Bridge's Senior Lenders.
The Western Idaho Project consists of two development areas,
Willow and Hamilton. Both areas have had initial drilling work
completed and have reserves assigned to them. These two fields were
discovered in 2010 and appraised by six additional wells. Willow
and Hamilton are the first commercial discoveries of oil and gas in
the State of Idaho. The majority of the State and County permits
have been acquired, including a Conditional Use Permit for a 13
acre site adjacent to the Williams pipeline where a compression and
dehydration facility will be located.
Bridge will provide more information in regard to this process
as it becomes available.
Statements in this press release may contain forward-looking
information. While management believes that the expectations and
assumptions underlying such forward-looking information are
accurate, the reader is cautioned that the expectations and
assumptions used in the preparation of such information may prove
to be incorrect. Events or circumstances may cause actual results
to differ materially from those predicted, a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of Bridge. These risks include, but
are not limited to: general risks associated with the oil and gas
industry and the exploration, development and production of oil and
natural gas; and risks associated with changes in commodity prices
and exchange rates. Industry related risks could include, but are
not limited to, operational risks in development and production,
delays or changes in plans, risks associated to the uncertainty of
reserve estimates, or reservoir performance, health and safety
risks and the uncertainty of estimates and projections of
production, costs and expenses. The reader is cautioned not to
place undue reliance on this forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Bridge Resources Corp. Nicholas Clayton Chairman (303)
831-9022rd@bridgeresourcescorp.comwww.bridgeresourcescorp.com
Bridge Resources Corp. (TSXV:BUK)
Historical Stock Chart
From Oct 2024 to Nov 2024
Bridge Resources Corp. (TSXV:BUK)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Bridge Resources Corp. (TSX Venture Exchange): 0 recent articles
More Bridge Resources Corp. News Articles