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.