RE: Regardless of outcome
obviously bridge nor paramax are not spending any money now as the 50% partner has less than 500,000 since Dec 2010. It will take millions to permit, design, engineer, build a compression station with tank farm for the handling of the NG liquids with pipeline connections too.
Idaho will be be cautious about fracking and NG development. I would not expect production until 2012 as they have delayed from early 2011 until late 2011. No progress in 6 months, lot of meetings and TALK from management.
Fracking is not known and Bridge have been sourcing equipment for months which means they still do not have the state's permission?
That is why no 'significant' news from either managemen since March. Bridges North sea Steamboat lease expires soon so i would not be too surprised if this gets buried in Sedar quarterly report and no mention of this lease in their presentation. What to do if your partner has no money required to get gas online? Bridge has lot of debt so they need revenues real soon. that is why 5 cents. Surprised Paramax has not come to the market or addressed the lack of funds required for infrastructure in a state that has none, this is not alberta or texas where there are plently of isting excompression stations or utlilities to strip NG liquids form Gas.