News - production testing and drilling 3rd well.Should be interesting times ahead. Any thoughts.
Bridge, Paramax move completion rig to Idaho drilling
Bridge Resources Corp (C:BUK)
Shares Issued 141,567,744
Last Close 4/13/2010
.30
Wednesday April 14 2010 - News Release
Also Paramax Resources Ltd (C:PXM) News Release
Mr. Edward Davies of Bridge reports
BRIDGE RESOURCES CORP. AND PARAMAX RESOURCES LTD. MOBILIZE COMPLETION RIG
Bridge Resources Corp. and Paramax Resources Ltd. are mobilizing a completion rig from Wyoming, and it will arrive in Idaho in the next few days for production testing operations. The first test results are expected approximately one week after rig arrival.
The completion rig will production test the two wells successfully drilled to date, the M.L. Investments 1-10 and the Espino 1-2. Both wells have been production cased by the drilling rig and have been awaiting the arrival of the completion rig and equipment.
The third well in the exploratory drilling program, the Island Capitol 1-19, is currently drilling below 3,000 feet and is expected to reach its planned total depth of 5,000 feet in the next few days. Information regarding the results of the well will be released after wireline logs have been run. If successful, this well will be added to the testing and completions program.