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Agreement Between Bridge Resources Corp. and Perenco

Source: www.gulfoilandgas.com 12/21/2010, Location: North America

Bridge Resources Corp. is pleased to announce that it 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.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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