Bridge Resources complete Durango well

Bridge Resources Corp. says its totally owned U.K. subsidiary, Bridge North Sea Ltd. has successfully tested the Durango 48/21a-4z well, at a rate of 42.5 million cubic feet gas and an average 1,341 barrels of 61º API condensate per day on a 1” choke. This rate was constrained by the test facilities.

Bridge has a 100% working interest in the Durango Well. The Corporation holds and operates 100% interest in sixteen offshore blocks and 50% interest in four offshore blocks in the UK.

The company which has already received Field Development approval by the Secretary of State, now plans to proceed with a tie-in to the Waveney Platform, operated by Perenco, located 14.3 km northeast. First gas is planned for October 1st 2008.

The company claims that Durango well penetrated 580 feet of near horizontal reservoir section within the top 15 feet of the gas column at a depth of 9,026 feet.

Average porosity is 19% ranging up to 22% and protective sand screens were run in the well bore across the entire reservoir section.