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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Comment by TORTOISE10on Jan 28, 2009 3:34pm
542 Views
Post# 15734687

RE: RE: RE: News Vacuum

RE: RE: RE: News VacuumAlso received this from investor relations to the same inquiry.

Not sure when the next release will be but........comment from Ed Davies, CEO

" We set a record for getting a well on stream in the North Sea and that well remains an excellent producer. We also live within our means.
The well has been producing an average 15 mm per day since the end-November and when we increase the rate the meter fails to read.
We do not operate the host platform. The operator has a new part that was not correctly sized, this has now been remedied and the new installation date is February 1.
On this date we hope to produce in excess of 30 mm. The only impact of the constrained flow is that cash is not building as fast as forecast but we also control spending of cash flow."

So that's it from my inital inquiry.
Tortoise10
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