Bridge Resources Corp V.BUK

Anyone know how much debt they are carrying ?

[mikerosoft666]

Can't seem to find that on TD Waterhouse...

[dirac]

they have 1 bank loan :  GBP 35 mio  2008-2013and 1 conv; bond :   $can 20 mio 10% 2008-2013 :  conversionprice $1,50 

[TORTOISE10]

From the the Management's Discussion and Analysis, Period Ending Sept.30,2008RBS Debt Facility $63,612,500Promissory Note (due 2013) $19,272,000 Commitments UKCS licences $5,441,012 over next 5 years.We also have Options , Warrants and  Convertible Securities that if exercise will give use money down the road.All in all with revenue coming in we should be able to pay off RBS as

[Mrigs]

I talked to managment this morning this is some of what I asked with the responses in blue afterDo you require financing for 2009 or is Durango going to be enough? NO FINANCING PLANNED, WILL BUILD CASH AS PRIORITYWhat loans will become due in 2009 and 2010?  NONE IN 2009, 10 MM GBP IN 2010Have you began trying to secure a rig for your commitment wells yet? Is there a goal date you expect to

[mikerosoft666]

Sure does and confirms that we are getting some cost savings on drilling in this depressed economy...