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.
Dec. 15, 2011

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.

About the Author

Alan Petzet

Chief Editor Exploration

Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.

Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.

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