Unbelievably cheap shares. Here ismy research in a nutshell:
Name: Bridge Resources Corp.
Shares Outstanding: 41 million
52 week high: $1.85
52 week low : $ .85
Cash Position:
Imminent Drill Plays: To start July 2007 on Dungeon field
Properties:
100% interest in Blocks 48/21a and 48/21b in the Southern Gas area of the UK North Sea comprises the Dudgeon Field discovered in 1967. The discovery well hit 62 feet of pay that flowed 21 million cfg/day with 628 barrels condensate per day, inactive since discovery & 3.0625% carried interest in Block 48/22b (cost US$3 million and 4 million shares & 8% royalty)
North Sea blocks 44/14 and 44/15 and 47/20a “Adeline Prospect”
100% interest in 11 blocks totaling 422,000 acres
Other Information: Reorganized in 2006