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Bridge Energy: Mjøsa to be plugged and abandoned

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Bridge Energy’s (LON:BRDG) 7.5%  owned Mjøsa  exploration well, the Haltenbanken area of the Norwegian Sea,  will be plugged and abandoned.

The well, which is operated by Wintershall, encountered reservoir quality sandstones however gas volumes were not commercial.

Further interpretation from an ongoing data acquisition programme will provide more details about the prospect, Bridge said.

The company’s exposure to the disappointing well result had been limited by the farm down of its original stake in the project.

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AIM:BRDG
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