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    1. Drilling & Completion

    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.

    8/29/2012