SHARES in Bridge Energy rose 15% after the oil and gas company increased estimates of the size of an oil find in the Norwegian North Sea.
SHARES in Bridge Energy rose 15% after the oil and gas company increased estimates of the size of an oil find in the Norwegian North Sea.
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MARK WILLIAMSON
Aberdeen-based Bridge Energy said it estimates the Asha find contains between approximately 30 and 100 million barrels oil equivalent recoverable resources within licence PL457.
When the find was announced in December, the company said it was estimated to contain between 25 million boe and 35 million boe. The AIM and Oslo-listed Bridge Energy said the revised estimate took account of additional information obtained by the operator of the licence, Wintershall.
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