OilVoice - Bridge Resources Provides UK Durango Well Update

Bridge Resources Provides UK Durango Well Update

Sunday, February 22, 2009

Bridge Resources Corp. announces that its Bridge North Sea Ltd. 100% interest Durango well continues to demonstrate excellent productivity. Flow rates have exceeded the target 30 million cubic feet of gas per day with the well currently producing at approximately 26 million cubic feet of gas and 807 barrels of condensate per day (approximately 5,140 barrels oil equivalent per day). This stable high flow rate is constrained by the maximum amount of condensate that can be handled efficiently by the separator on the production platform prior to delivery into the LAPS pipeline to the onshore Bacton terminal. Bridge is discussing additional equipment upgrades with the platform operator to further increase production levels. Recent gas prices have averaged 63p/therm (approximately US$9.00/mcf equivalent).

The Durango field reached first gas on November 27, 2008.

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