Bridge, Paramax's 1st Idaho Well Passes Test

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.

After perforating, gas flowed from a Pliocene sand at a stable rate of 4.2 million cubic feet per day on a 24/64" choke with a flowing surface pressure of 1,550 psi. Condensate was also produced at a rate to be determined. Production tubing and wellhead equipment are currently being installed prior to further flow tests and pressure buildup analysis.

Following full completion of the ML well, the completion rig will move to test the second well in the exploratory drilling program, the Espino 1-2, which encountered several Pliocene sand gas zones.