Jul 27th 2012 - Edison Investment Research today published a report on Bridge Energy entitled "Time To Explore The Upside". In summary, the report says:
After a hiatus of more than two years, Bridge Energy is about to embark on a four-well exploration drilling campaign in the second half of 2012 that will see it target 65mmbbls of unrisked net resources. While most of the focus will be on appraising the already de-risked PL457 targets, three other wells offer additional upside at low cost. Meanwhile further acquisitions of black oil interests continue to make efficient use of Bridge’s substantial UK tax loss pool, generating near-term cashflow and value.
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