Bridge to sell North Sea AssetsI guess we will see how much the North Sea is worth by June - looks like BUK is down to a short list of buyers per their press release
Bridge Resources Corp. announces that it has retained Stellar Energy Advisors Ltd. ("Stellar") to market for sale its UK Southern North Sea Gas Area portfolio comprising 100% working interests in the Durango Field, the Aspen extension prospect, and the Wherry development project. Bridge will pursue a corporate sale of its wholly-owned Bridge North Sea Limited subsidiary which includes all these assets and unused tax credits.
The proceeds from the sale, which is expected to be finalized in June!!!