Cairn farms in on Norway Geite

摘要

Bridge Energy said today that Cairn subsidiary, Agora Oil & Gas, has agreed to farm in for a 15% stake in Production Licence 497 (PL 497) and PL 497B on the Norwegian Continental Shelf.Following the deal, Bridge will hold a 15% working interest in the two licences. Cairn, through its subsidiary Agora, will as a consideration for the transaction carry a substantial share of Bridge Energy's well cost.