Bridge Resources Corp.
TSX VENTURE : BUK

Bridge Resources Corp.

February 20, 2008 09:19 ET

Bridge Resources Corp. Announces Commencement of Durango Well

CALGARY, ALBERTA--(Marketwire - Feb. 20, 2008) - Bridge Resources Corp. (TSX VENTURE:BUK) announces the commencement of its Durango 48/21a-4 well in the UK Southern North Sea Gas Area. This will be Bridge's first operated well in the North Sea and Bridge holds a 100% working interest.

The Ensco 100 rig arrived on site at 15:30 hours February 16 and commenced drilling at 16:00 hours February 19. It is anticipated that drilling, completion, and testing operations will take approximately two months. Weekly progress reports may be accessed at www.bridgeresourcescorp.com.

The well is targeting 42.4 bcfe Contingent Resources in the Leman Formation. With drilling confirmation and BERR Plan of Development approval, production of gas and condensate through a new pipeline to the Perenco-operated Waveney Platform and then through the existing LAPS pipeline system to the Tullow-operated onshore Bacton Processing Plant is planned.

About Bridge

Bridge currently holds 14 blocks in the Southern North Sea Gas Area and 6 blocks in the Central North Sea Oil Area. Bridge plans to drill two additional wells in 2008, the second on Oil Area Block 15/11b and the third on Gas Area Block 47/19.

Safe Harbour

Statements in this press release may contain forward-looking information including expectations of future operations, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income and oil taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the oil and gas industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.

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