Bridge takes 50% interest in Lowlander oil discovery in North Sea
Aug. 29, 2012
Bridge Energy ASA (OAX:BRIDGE) has agreed to purchase 50% working interest in the Lowlander oil discovery in the UK North Sea from North Sea Ventures Ltd.
Offshore staff
ASKER, Norway –Bridge Energy ASA (OAX:BRIDGE) has agreed to purchase 50% working interest in the Lowlander oil discovery in the UK North Sea from North Sea Ventures Ltd.
The discovery dates to 1987, but Bridge estimates recoverable oil reserves at 16-35 MMbbl. Bridge has an option to acquire all the share capital of NSV.
Bridge also has begun drilling on Garantiana and Contender prospects in PL 554 and P 201, respectively.
