Bridge Resources Corp. Provides Durango Status Report
11/17/2008 8:02 PM - Market Wire
CALGARY, ALBERTA, Nov 17, 2008 (Marketwire via COMTEX News Network) --
Bridge Resources Corp. ("Bridge") (TSX VENTURE:BUK) wishes to provide an update on the Durango development project.
The project is progressing to first production following delays due to bad weather. All sub-sea work is complete and work has resumed on the platform continuously for the last 5 days. All systems are now mechanically complete and final system commissioning is at an advanced stage. Following completion of the commissioning, gas pressurisation of the Durango pipeline will take place and gas production will commence.
Weather permitting, first gas production is anticipated later this week.
Statements in this press release may contain forward-looking information including expectations of future operations, commerciality of any gas discovered, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income and oil taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the oil and gas industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, or reservoir performance, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.
SOURCE: Bridge Resources Corp.
Bridge Resources Corp.
Edward J. Davies
President
(303) 831-9022
Email: ejd@bridgeresourcescorp.com
Bridge Resources Corp.
Dave Antony
Chairman
(403) 531-1710
Email: dantony@bridgeresourcescorp.com
Bridge Resources Corp.
Scott Koyich
Investor Relations
(403) 215-5979
Email: skoyich@bridgeresourcescorp.com
Website: www.bridgeresourcescorp.com
Its a head fake in this market!
It's all about the charts......& DD
