Bridge Energy finalises agreement with Cairn Energy subsidiary

AIM-listed Bridge Energy said Friday that through its wholly owned subsidiary, Bridge Energy, it has completed an agreement with Agora Oil & Gas, which is owned by Cairn Energy, and JX Nippon Exploration & Production for the farm-down of a 16.5 per cent working interest in the P1763 Aragon prospect in the UK Northern North Sea.

AIM-listed Bridge Energy said Friday that through its wholly owned subsidiary, Bridge Energy, it has completed an agreement with Agora Oil & Gas, which is owned by Cairn Energy, and JX Nippon Exploration & Production for the farm-down of a 16.5 per cent working interest in the P1763 Aragon prospect in the UK Northern North Sea.

All of the companies have greed to participate in drilling a well to test the Aragon prospect before the first quarter of 2015.

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