Bridge Resources Corp V.BUK

Future Drilling program

[mikerosoft666]

I would imagine that we will see rig availability go up at some time with operators starting to slow down or shut down completely while price of oil and gas sorts itself out.  I wonder if contract rates for drilling will be cheaper if they are sitting around idling ?

Are they different drillers for Gas ?  Or same service company ?

Anyway,  a lot of the gas drillers are slowing or stopping in North America according to commodities analysts I listen to on BNN...  ( for whatever that is worth ).

[Mrigs]

Land Drilling is slowing, Offshore hasn't seen the same slowdown as of yet....Yes the oil sells at a premium, roughly $10-15 more per barrel for premium..... I just wanted to calculate worst case scenario...Any way you slice it. If Durango produces at 30 million cubic feet per day and 500 barrels of oil per day, this well will make 100 million plus. ($0.75 a share less debt and drilling) This

[TORTOISE10]

Bridge Resources have the following wells to do this year.Aspen and South Trent have to be started to drill before Dec. 22,2009 or droppedWherry a development well will be ready to drilled once the agreement of purchase and sale are completed with Century Exploration.And an exploration well on Block 16/16b is also on tap for 2009.Management has stated that these would be financed from