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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Post by stellarspartanon Dec 21, 2010 2:42pm
739 Views
Post# 17877657

Do the math 94bcf of gas

Do the math 94bcf of gas

Thekey features of the sale are:

  • Imminent cashflow from the Durango gas condensate field which is owned and operated 100% by BNSL, with Remaining 2P Reserves of 11.18 Bcf and 0.27 MMbbls condensate, and Remaining 3P Reserves of 24.43 Bcf and 0.6 MMbbls condensate;
  • The Wherry gas development operated and owned 100% by BNSL with combined reserve potential of 94 Bcf gas and 380,000 bbls condensate;
  • Further low-risk gas basin exploration potential in the Aspen prospect, operated and owned 100% by BNSL with reserve potential of 156 Bcf gas with additional Carboniferous potential in a nearby prospect;
  • Approximately GBP 83.3 million (FY 2009) of past expenditure allowable for immediate CT and SCT relief (50%) in certain circumstances.
A unit used to equate natural gas and other nonliquid fuels to crude oilbased on the amount of heat released when combusted. In general, 1 boe ?5.8 Mcf to 6.0 Mcf natural gas, depending on the heat content andcomposition of the gas.

What should they get for this BILLION $$$ PACKAGE
Trading @ .15 what a joke
STRONG BUY
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