Bridge, Paramax Mobilize Completion Rig

Bridge and Paramax announced that a completion rig is being mobilized from Wyoming and will arrive in Idaho in the next few days for production testing operations. The first test results are expected approximately one week after rig arrival.

The completion rig will production test the two wells successfully drilled to date, the M.L. Investments 1-10 and the Espino 1-2. Both wells have been production cased by the drilling rig and have been awaiting the arrival of the completion rig and equipment.

The third well in the exploratory drilling program, the Island Capitol 1-19, is currently drilling below 3,000 feet and is expected to reach its planned total depth of 5,000 feet in the next few days. Information regarding the results of the well will be released after wireline logs have been run. If successful, this well will be added to the testing and completions program.


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