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Idaho: Bridge may sell gas fields, farm out acreage

Bridge Resources Corp. and its joint venture partner Paramax Resources Ltd., both of Calgary, has completed the process undertaken by Meagher Energy Advisors to review strategic options for the Bridge-Paramax joint venture’s western Idaho assets, including the Willow-Hamilton gas development area.

Bridge and Paramax are in negotiations to finalize the definitive terms and conditions of a sale of the Willow-Hamilton development area in Payette County (OGJ Online, Mar. 21, 2011). Separately, Bridge is in negotiations regarding a farmout of its leasehold acreage position outside of the Willow-Hamilton development area.

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