Bridge Resources Corp. Completes Acquisition of 50% Interest in Boise Basin Project

Bridge Resources Corp. through its wholly-owned subsidiary Bridge Energy Inc. has completed the acquisition (the “Acquisition”) of the assets of Bridge Energy LLC (the “Vendor”) which comprise a 50% working interest in approximately 100,000 acres located in the Boise Basin of Idaho and Oregon and offers a large number of oil and gas prospects (the “Boise Basin Project”).... 

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Bridge Resources Corp. Provides Update on USA Drilling Program

Bridge Resources Corp. through its new wholly-owned subsidiary Bridge Energy Inc. has submitted applications to drill five wells in the Boise Basin, Idaho commencing in Q4, 2009. The wells range in depth from 4,500 to 7,000 feet and will be targeting both shallow gas and deeper oil reservoirs. Several older wells flowed gas to surface at measured rates up to 400,000 cubic feet per day and two of the... 

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Paramax Resources Ltd. Closes US Based Shale Gas Acquisition

Paramax Resources Ltd. announce that it has closed the previously announced acquisition of a 50% interest in approximately 90,000 acres of land in the Rocky Mountain gas basin in Idaho and Oregon (the “Shale Gas Asset”) from an arm’s length party (the “Acquisition”). Paramax acquired the interest in the land for a cash consideration of $US 1,500,000 plus the issuance of...