Bridge Resources Corp. has executed a Heads of Agreement with Perenco UK Limited for the sale of its wholly-owned subsidiary Bridge North Sea Limited (BNSL). The primary asset in BNSL is the Durango Gas Condensate Field.
The effective date of the transaction is January 1, 2011 and transaction details will be provided following execution of a formal Sale and Purchase Agreement.
Bridge has been represented in the transaction by Stellar Energy Advisors Limited.
Tags:
Bridge Resources Corp.
Add a Comment to this Article
Please be civil. Job and promotion will not be added into the comment page.