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Article: Bridge Resources Corp. Provides Corporate Update.
- Article from:
- Marketwire Canada
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Nov 10, 2009 (Marketwire via COMTEX) -- Bridge Resources Corp. ("Bridge")(TSX VENTURE:BUK) is pleased to provide the following corporate update (all $US unless specified):
Gas prices remain low in the UK North Sea, averaging 25 p/therm ($4.00/mcf) and, due to the continued low prices, Bridge has kept its 100% interest Durango well shut-in. Prior to shut-in on July 2, 2009, Durango had produced 4.67 BCFGE. An interim reserves calculation by GLJ Petroleum Consultants, Calgary effective September 30, 2009 in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities assigns Bridge 23.16 BCFGE remaining Proved and ...