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Bridge Resources Corp. Announces Increase in Idaho Oil and Gas Reserves and Resources
Jan. 25, 2011 09:15PM PST
Oil and Gas Investing
Bridge Resources Corp. (CVE:BUK) announce an increase in its oil and gas reserves and resources in the Western Idaho Basin.
Bridge Resources Corp. (TSXV:BUK) announce an increase in its oil and gas reserves and resources in the Western Idaho Basin.
The press release is quoted as saying:
Bridge drilled 11 gross (5.5 net) wells in the Western Idaho Basin in the period March through November 2010. Of these 11 wells, 7 were completed and have been assigned reserves: 5 as gas wells in the Hamilton Field and 2 as gas condensate wells in the Willow Field. The total cost for drilling 11 wells including completion and testing was $12 million ($6 million net to Bridge).
Click here to access the entire press release