Bridge Energy ASA: Announcement from Spike Exploration Holding AS

      Bridge Energy ASA: Announcement from Spike Exploration Holding AS

NOT FOR DISTRIBUTION OR  RELEASE, DIRECTLY OR INDIRECTLY,  IN OR INTO  CANADA, 
AUSTRALIA, JAPAN, THE  UNITED STATES OR  ANY OTHER JURISDICTION  IN WHICH  THE 
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE  AT 
THE END OF THIS COMMUNICATION.

25^th October 2013

                              Bridge Energy ASA

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

                Announcement from Spike Exploration Holding AS

Bridge, the Oslo Børs  and AIM listed oil  and gas exploration and  production 
company (OSE:BRIDGE/AIM:BRDG.L), notes the  announcement by Spike  Exploration 
Holding AS  ("Spike") today  in  relation to  its  voluntary tender  offer  to 
acquire all outstanding shares in Bridge Energy ASA. Spike has announced  that 
final government approvals  have now  been received and  that settlement  will 
take place as  soon as  reasonably possible and  not later  than 15  Norwegian 
business days from the date of this announcement.

The full text of Spike Exploration Holding AS announcement is below:

Voluntary offer for shares in Bridge Energy ASA - final governmental approvals
received, settlement expected within 15 Norwegian business days

NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION  IN 
WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Stavanger, 25 October 2013 - Reference is  made to the offer document dated  3 
October 2013 (the "Offer  Document"), issued by  Spike Exploration Holding  AS 
(the "Offeror"),  relating to  its  voluntary tender  offer (the  "Offer")  to 
acquire all  outstanding  shares (the  "Shares")  in Bridge  Energy  ASA  (the 
"Company").

The Offeror has received consent and clearance from the Norwegian Ministry  of 
Petroleum and  Energy  as  described in  section  3.3  (c) (i)  of  the  Offer 
Document, and the required notification  to the Norwegian Ministry of  Finance 
has been made. This means that all conditions for completion of the Offer  set 
out in section 3.3 (c) have been met.

The Offeror further confirms that all  other conditions for completion of  the 
Offer that require any action in order to be fulfilled have been met, and none
of the conditions  that refer  to events  that shall  not occur  have, to  the 
Offeror's knowledge, occurred. Accordingly, the Offeror will proceed to settle
the Offer with respect to validly tendered Shares. In accordance with  section 
3.14 of the Offer Document, settlement  will take place as soon as  reasonably 
possible and not later than 15 Norwegian  business days from the date of  this 
notice.

The Offer and the distribution of  this announcement and other information  in 
connection with the Offer may be  restricted by law in certain  jurisdictions. 
Spike Exploration does not assume any  responsibility in the event there is  a 
violation by any person  of such restrictions.  Persons into whose  possession 
this announcement or such other information should come are required to inform
themselves about and to observe any such restrictions.

Contacts

Spike Exploration Holding AS
Bjørn Inge Tønnessen, CEO, +47 902 01 289,
bit@spike-x.com

Harald Vabø, Chairman, +47 917 11 209,
harald.vabo@hitecvision.com

This information is subject to the disclosure requirements set out in  section 
6-19 of the Norwegian Securities Trading Act.

                                   - Ends -

For further information, please contact:

Bridge Energy
Tom Reynolds, Chief Executive
tom.reynolds@bridge-energy.com
Aberdeen
 +44 1224 659 120

Euan Tait, Corporate Development
euan.tait@bridge-energy.com
Aberdeen
+44 1224 659 120

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

FTI Consulting
Edward Westropp/Natalia Erikssen+44
20 7831 3113
Edward.Westropp@fticonsulting.com

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

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:
BRDG.L).

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: www.bridge-energy.com


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

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Source: Bridge Energy ASA via Thomson Reuters ONE
HUG#1738363