Bridge hails ‘transformational’ fourth quarter
The Aberdeen-based firm, which is quoted on the Alternative Investment Market (Aim) and Oslo’s stock exchange, said the discoveries had added “significant” resources to its existing asset base of about 20 million barrels.
However, Bridge – which floated on Aim in September – said average production during the fourth quarter dipped to 863 barrels a day, down from 1,050 a year earlier.
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Hide AdChief executive Tom Reynolds said: “With our producing assets providing cash flow to support our ongoing exploration activities, we are well positioned to continue maturing our substantial portfolio.”