Wintershall Completes Amol Drilling. Asha East Up Next

Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company, provides an update on the current exploration drilling campaign, targeting the Amol and Asha East prospects within the Wintershall-operated PL457 licence, offshore Norway in the North Sea.

“Further to the announcement on 5 September 2013, we can now advise that the Amol well has been drilled to its total depth,” Bridge said. The primary target in Amol was Åsgard (Cretaceous) sandstone with a secondary target of fractured basement.

Three cores have now been cut in Cretaceous and basement levels. A thin Åsgard sandstone was encountered with no reservoir quality. Oil has been sampled in the basement, but no drill stem test will be carried out due to poor observed reservoir properties.

Drilling of the Asha East well will now start. Wintershall is using the Borgland Dolphin semi-submersible drilling rig for the operation.

Bridge has a 20% interest in the PL457 licence. Wintershall is the operator with 40%, with the other partners VNG (20%) and E.ON (20%).

[mappress]
September 25, 2013