your initial deposit *subject to change and depends on individual circumstances.
Bridge Energy ASA is a Norwegian registered E&P company with assets in Norway and the UK. The management and staff have experience of over 30 years activity in the North Sea and from prominent international oil & gas provinces. The company will have a strong platform for growth with production and development in the UK and has...Read more
Proactiveinvestors in Edinburgh next Wednesday: Bridge Energy, Green Dragon Gas, Ferrex and Nostra Terra Oil & GasSeptember 14 2012, 12:39pm
Save the date. Proactiveinvestors is coming back to Edinburgh next Wednesday at 6pm. Below we tell you why you really can’t miss this event.
Its AIM debut later this month is expected to light the blue touch-paper under Bridge Energy (AIM:BRDG OEX:BRIDGE) – possibly the hottest North Sea prospect we have seen for a while.
Indeed, Proactive has been fundamental in communicating the Xcite and Condor story to a much wider audience.
In Bridge I sincerely think we have another company that will also move the dial over the medium term, we have already done some homework for you here.
Our investor forums are completely free to attend. Each company has approximately 20 minutes to give a short presentation and 10 minutes for Q&A. Please join us at 5:40pm for refreshments and to get yourself a seat and to allow for a prompt 6:00pm start.
Following the presentations will be a free bar and an assortment of fine hot and cold canapés, giving you the opportunity to speak with the directors and other investors.
Proactive managing director Craig Ribton said: “I never stop learning at these events especially from the wealth of knowledge I gain from other attendees in the networking session afterwards which is incredibly valuable. I hope you can join us.”
Busy, but very happy is how Tom Reynolds, chief executive of North Sea oil explorer Bridge Energy described his current mood. A four-well exploration drilling campaign is already underway, which could provide multiple catalysts for the share price, which is supported by a modest but growing production profile. Current output from its Victoria, Duart and Boa fields may be a relatively modest 1,250 barrels a day. However this has the capacity to generate US$37 million a year in cash flow. Reynolds will be on hand to paint the bigger picture which could see the group producing 12-15,000 barrels a day by the end of 2016.
The potential cost of Ferrex's Malelane iron ore project in South Africa has been more than halved by a new scoping study issued in early summer. By using crushing and dense media separation processes, Malelane will cost US$139 million, compared with the near US$300 million cited in the initial analysis.
Nostra Terra recently unveiled the acquisition of a 20 per cent stake in the Chisholm Trail project in Oklahoma. Not only is it the oil and gas exploration group's biggest challenge to date it is also the most exciting opportunity it has landed.
Green Dragon, the China-focused coal bed methane specialist, remains hopeful of producing 18 billion cubic feet of gas at the end of it latest capital expenditure programme."In my view, our ability to meet our corporate targets and to monetise our production is within reach," said chairman Randeep Grewal recently.