Bridge Resources Corp V.BUK

News Vacuum

[mjl777]

Stock is getting punished as the market waits for Durango update. When the news eventually comes, I hope it is worth the wait.

[TORTOISE10]

I inquired to Bridge Resources ,When can we expect an update on how the ramping up is going and the production figures to-date?and received the following reply."Work now scheduled Feb 3 so a week or so later"So news around Feb. 10 to 13 assuming weather is good to do the work.Tortoise10

[TORTOISE10]

Just received as a further responce to my earlier request."More detailed response:Installation of orifice plate to allow higher flow rate readings is scheduled by platform operator February 3-4.Well is currently constrained to 15 MMCFGD and plan is then to build in increments over around one week to 30+ MMCFGDExcellent well based on pressure-cumulative gas production to date.Our website will

[TORTOISE10]

Also received this from investor relations to the same inquiry.Not sure when the next release will be but........comment from Ed Davies, CEO" We set a record for getting a well on stream in the North Sea and that well remains an excellent producer. We also live within our means.The well has been producing an average 15 mm per day since the end-November and when we increase the rate the meter

[Toasted2]

BUK had better get its ducks in line...Tortoise....I received the same EXACT same email from Ed...Looks like there must have been quite a few enquiries and we are all receiving a form letter. Bottom line...I was told we were initally targeting Durango production for September...others said that Ed was being overly optimisitc and that November was more realistic...It is now the end of January

[mjl777]

This represents an opportunity to average down for me, but the way that the company has handled this issue creates some serious doubts in my mind about management. Technically, they may be sound, but I get the impression they are unsophisticated when it comes to investor relations. IMO, the co. is not getting a very good return on the 50,000 options it provided to DSK Consulting (their investor