Bridge Resources Corp. Company News

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Becoming a 'Permian-Bitcoin' Billionaire May Be Just a Dream
Friday, April 13, 2018 Could turning flared gas in Texas' Permian Basin into electricity to power bitcoin mining be a solution for shale producers?

Bridge Finalizes North Sea Subsidiary Sale
Wednesday, March 16, 2011 Bridge has now completed the sale of its wholly owned UK subsidiary Bridge North Sea to Perenco UK Limited.

Paramax, Bridge Make Headway in Western Idaho Basin Project
Wednesday, November 24, 2010 Paramax and its 50% working interest partner Bridge have drilled and tested five Hamilton gas wells with 50 potential infill locations identified.

Bridge, Paramax to Commence Drilling at Willow Project
Thursday, October 21, 2010 Bridge and Paramax updated activities at their Idaho development. The first development well at the Willow Project is expected to commence drilling on or around Oct. 24 and the Hamilton Project is being prepped for production.

Bridge to Spud Well in Western Idaho Basin
Thursday, September 09, 2010 Paramax provided an operations update on their Western Idaho Basin Project. The drilling rig has now been moved to the third well in the development phase, the Korn State 1-22, and it is expected that this well will be spud within the next 2 days.

Bridge, Paramax Test Idaho Wells
Tuesday, May 25, 2010 Bridge and Paramax announced that the testing of previously announced exploration wells in Idaho has been completed.

Bridge, Paramax Wrap Up Ops in Idaho
Tuesday, May 11, 2010 Bridge and Paramax Resources announced that their initial five well exploratory program in the Western Idaho Basin has been completed significantly ahead of schedule and under budget at a gross cost of $4.5 million.

Bridge, Paramax Reach TD at 4th Well
Monday, May 03, 2010 Bridge and Paramax announced that the fourth joint well in their Idaho drilling program, the State (Teunissen) 1-17, has been drilled in six days to total depth of 4,520 feet.

Bridge, Paramax's 1st Idaho Well Passes Test
Thursday, April 29, 2010 Bridge Resources and Paramax announced that the first joint well in their Idaho drilling program, the M.L. Investments 1-10 ("the ML well") has tested significant quantities of gas and is now being fully completed for future production.

Bridge, Paramax Complete 3rd Well in Idaho
Monday, April 19, 2010 Bridge Resources and Paramax Resources announced that the third joint well in their Idaho drilling program, the Island Capitol 1-19, has been drilled to total depth of 4,385 feet and has encountered several gas-bearing sands.

Bridge, Paramax Mobilize Completion Rig
Wednesday, April 14, 2010 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.

Bridge, Paramax ID Promising Gas Shows in Boise Basin
Tuesday, April 06, 2010 Based on gas shows and wireline logs, the Espino 1-2 well has an aggregate 100 feet of potential Pliocene sands gas pays in four zones.

Bridge, Paramax Prep First JV Well for Production Testing
Wednesday, March 24, 2010 Bridge Resources and Paramax Resources have successfully cased their first well in a joint drilling program in the Boise Basin, Idaho.

Bridge, Paramax Resources Begin Drilling in Boise Basin
Tuesday, March 02, 2010 Bridge Resources and Paramax Resources announced the first well in their five-well program in the Boise Basin, Idaho is now drilling.

Durango Field Back Online in UK North Sea
Thursday, February 18, 2010 Bridge Resources has resumed production from its UK North Sea Durango Field.

Durango Production to Resume Soon
Thursday, January 28, 2010 Bridge Resources plans to resume production from its 100% interest Durango 48/21a-4Z well as soon as weather conditions permit.

Bridge Resources Updates on US Drilling Program
Friday, August 21, 2009 Bridge has submitted applications to drill five wells in the Boise Basin, Idaho commencing in the fourth quarter of 2009.

Bridge North Sea's Durango Well Demonstrates Excellent Productivity
Wednesday, February 18, 2009 Bridge Resources' Durango well continues to demonstrate excellent productivity.

Bridge Approves Option Grant
Monday, December 22, 2008 Bridge Resources Corp. has approved the granting of options to acquire 2,860,000 common shares of the Corporation to various directors, officers, employees and consultants.

Bridge Resources Acquires Interest in UK North Sea Blocks
Friday, December 19, 2008 Bridge has executed a MOU with Century to acquire Century's remaining interest in the Southern North Sea Wherry development project and will acquire Century's 25% interest in 3 Central North Sea blocks.

Bridge Increases Production from Durango Well
Thursday, December 18, 2008 Bridge announced that its 100% interest Durango well is demonstrating excellent productivity, and that flow rates have exceeded the target 30 million cubic feet of gas per day.

Durango Reserves Report Cites 3P at 950,000 Barrels
Thursday, September 18, 2008 Bridge Resources provided an updated Durango Reserves Report from MHA Petroleum Consultants in which the proved plus probable reserves total 950,000 barrels. Bridge anticipates first gas production from Durango next month.

Durango Project on Target for First Gas Production
Friday, August 22, 2008 Bridge Resources Corp. reported that the Durango Project, managed by ADIL, remains on target for first gas production October, 2008.

North Piper Well Turns Up All Wet
Thursday, August 14, 2008 The North Piper 15/11b-6 exploratory well drilled into the Piper Sands at 7022 feet this morning U.K. time. The sands were encountered 60 feet high to prognosis but were found to be water-bearing and the well will now be plugged and abandoned.

Bridge, BFW, Lariat Plan to Drill North Piper in August
Wednesday, July 23, 2008 Bridge, BFW and Lariat have executed agreements for the drilling of the North Piper 15/11b-6 exploration well, which will be drilled by the semisub Stena Spey on or around August 1, 2008, with Bridge as the Operator.

Bridge Resources Finds Positive Results for Durango Well
Tuesday, June 10, 2008 Bridge Resources Corp. announced that the Durango 48/21a-4z well has successfully tested at a rate of 42.5 million cubic feet gas and an average 1,341 barrels of 61 degrees API condensate per day on a 1" choke.

Bridge Hits Gas-Bearing Reservoir
Thursday, May 08, 2008 Bridge Resources Corp. announced that the Bridge North Sea Ltd Durango 48/21a-4z well, drilled by ENSCO 100, has confirmed highly porous gas bearing reservoir.

Bridge to Acquire 8% of Durango Prospect
Tuesday, March 04, 2008 Bridge Resources has reached an agreement to purchase the 8% royalty on Blocks 48/21a and 48/21b from Warwick Energy Limited. The blocks contain the Durango gas prospect that is currently being appraised.

Bridge Resources Corp. Announces Commencement of Durango Well
Wednesday, February 20, 2008 This will be Bridge's first operated well in the North Sea and Bridge holds a 100% working interest.

Ensco 100 On the Move for AGR Group Multi-Client Campaign
Wednesday, January 02, 2008 AGR Group announced that following repairs, the Ensco 100 has sailed from Rotterdam harbor to start a multi-well program in the North Sea for AGR Petroleum.

Bridge Resources Acquires Six UK Central North Sea Blocks
Tuesday, September 18, 2007 Bridge Resources has executed an arm's-length definitive agreement to acquire all the shares of Iceni Oil and Gas Limited, a private UK company.

Bridge Resources Increases Position in Southern North Sea
Monday, August 13, 2007 Bridge Resources has reached agreement with Century Exploration (UK) and Charbella Energy, to acquire a 50% interest in Blocks 48/23a, 48/24a (part), 48/24b, and 48/25a in the Southern Gas area of the UK North Sea.

Bridge Resources Reschedules Timetable for UK Exploration Wells
Wednesday, July 11, 2007 Bridge Resources has rescheduled and confirmed the 4th and 5th slots with the AGR Peak-operated Ensco 100 rig with the first of Bridge's two wells now scheduled to spud end-January, 2008.

Bridge Resources Closes Southern Gas Acquisition
Monday, March 12, 2007 Bridge Resources Corp. has acquired a 100% interest in blocks 48/21a and 48/21b in the Southern Gas area of the UK North Sea and a 3.0625% carried interest in Block 48/22b North from Century Exploration (UK) Limited and Warwick Energy Limited.

Bridge Resources Hires Rig to Drill Southern North Sea Prospects
Tuesday, January 23, 2007 Bridge Resources has entered into an agreement with the AGR Peak Group for the jackup rig Ensco 100.

Bridge Resources to Acquire, Develop Dudgeon Field
Tuesday, October 31, 2006 Bridge Resources has entered into an arm's length Memorandum of Understanding dated October 30, 2006 with Century Exploration (UK) Limited and Warwick Energy Limited, to acquire a 100% interest in two UK North Sea blocks.

Transco Resources Completes Acquisition of Bridge North Sea Ltd
Thursday, September 14, 2006 Transco Resources Corp. (now Bridge Resources Corp.) has received final TSX Venture Exchange acceptance of the acquisition of all of the issued and outstanding securities of Bridge North Sea Ltd.