Bridge Energy ASA : Bridge Energy ASA: Duart Restart Schedule

        Bridge Energy ASA : Bridge Energy ASA: Duart Restart Schedule

28^th June 2013

Bridge Energy ASA

("Bridge", "Group" or "the Company")

Duart Restart Schedule

Bridge, the Oslo Børs  and AIM listed oil  and gas exploration and  production 
company (OSE: BRIDGE/AIM: BRDG.L), provides an update on the scheduled restart
of production from the Duart field, which  is located in the UK North Sea  and 
in which Bridge holds a 50% working interest.

As announced by the Company in  September 2012, the Duart field was  scheduled 
to restart production  in October 2013,  following an extended  outage of  the 
Tartan host platform  to complete certain  maintenance and modification  work. 
The Operator for the field  has advised that, due  to extension of the  Tartan 
works, Duart restart is now likely to  be deferred into late Q1 2014 or  early 
Q2 2014. 

Tartan platform provides production processing services including gas lift  to 
the Duart field. None of the Tartan remediation works are related to the Duart
well or  to the  Duart field  facilities. This  delay therefore  represents  a 
deferral of cash flow, with Duart reserves and value remaining unchanged.

The proposed well targeting Duart East/Duart South remains under consideration
by the partnership, with further work  to define the opportunity likely to  be 
finalised in 2014.

Tom Reynolds, CEO of Bridge Energy, commented:

"Whilst the Duart deferred re-start  is disappointing, ongoing cash  generated 
from our existing  producing assets,  along with  existing banking  facilities 
ensure we remain adequately resourced until Duart production recommences.  We 
very much look forward to the commencement of our autumn exploration  drilling 
schedule on  our Norwegian  Licence PL457,  which will  target both  the  Amol 
prospect and our Asha discovery."

- Ends -

For further information, please contact:

Bridge Energy
Tom Reynolds, Chief Executive
 +44 1224 659 120

Cenkos Securities
Jon Fitzpatrick
 +44 207 397 1951
Neil McDonald
 +44 131 220 9771

FTI Consulting
Natalia Erikssen
 +44 20 7831 3113

Statutory guidance statements
This information is subject to disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

The information contained in this announcement has been reviewed and  approved 
by Ernest Edwards, Operations Director, Bridge Energy UK Ltd. Ernest holds  a 
MSc in Petroleum  Engineering from Imperial  College (London) and  has been  a 
practising Reservoir and Petroleum Engineer for over 20 years and is a  member 
of the  Society  of Petroleum  Engineers  (SPE).  He has  compiled,  read  and 
approved the technical disclosure in this regulatory announcement

The technical disclosure in this announcement and the estimates in the CPR are
based on  the  definitions  and  guidelines set  out  in  the  2007  Petroleum 
Resources Management System prepared by the Oil and Gas Reserves Committee  of 
the Society of Petroleum Engineers and  reviewed and jointly sponsored by  the 
World  Petroleum  Council  (WPC),   the  American  Association  of   Petroleum 
Geologists  (AAPG)  and   the  Society  of   Petroleum  Evaluation   Engineers 
(SPEE).These definitions and  guidelines can be  found on the  SPE website  at

Notes to Editors
Bridge Energy is an oil and gas exploration and production company which holds
production licences in the UK (North Sea) Continental Shelf and exploration
assets in both the UK and Norwegian Continental Shelves. The company is listed
on the Oslo stock exchange (OSE: BRIDGE) and the London stock exchange (AIM:

The Company has a significant number of licences both within the UK and NCS,
including several operatorships. Bridge has drilled 18 exploration and
appraisal wells, including ten discoveries.

Underpinned by existing production from its operated Victoria field,
non-operated Duart field, non-operated Boa field, Bridge boasts a high impact
exploration portfolio with a strong inventory of undeveloped gas discoveries
which represents a sustainable business platform for production and
exploration growth in the North Sea.

For more information please visit:

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Bridge Energy ASA via Thomson Reuters ONE
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