Paramax Resources Ltd V.PXM

Martin...Bridge is the operator...

[Toasted2]

and the brains behind this operation...

Do you really think they are going to give up their property for a song?

Bridge's financial difficulties have the potential to sidetrack the time line of the property development for both of these companies...but hopefully it doesnt come to that.

Bridge still has a few bucks in the bank, but they need to stimulate and ties these wells in pronto as its now a race against time...Bridge's outstanding debt was suppose to be cleared up with the sale of the North Sea assets, but as I anticipated...the deal came up short. The banks are now taking a hard look at Bridge and the outstanding loan they have...We'll see if Bridge can get out of this corner...

Unfortunately for Paramax...they are going to be impacted by this fiasco too...as their hands are tied until Bridge gets its house in order.

T2

[chokehold]

Bridge have to wake up and smell the coffee, clearly they are digging themselves into a hole which will only get deeper unless they give up operatorship. They must realize that the market has no confidence in them as a management team and give it to someone that has credibilty (PXM), Ed has to check his ego and do the "Right" thing which is look out for both BUK and PXM