Bridge Energy ASA Bridge Energy Asa: Announcement From Spike Exploration Holding As
26 10월 2013 - 12:45AM
UK Regulatory
TIDMBRIDGE
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY,
IN OR INTO CANADA, AUSTRALIA, JAPAN, THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION
OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT
NOTICE AT THE END OF THIS COMMUNICATION.
25(th) October 2013
Bridge Energy ASA
("Bridge", "Group" or "the Company")
Announcement from Spike Exploration Holding AS
Bridge, the Oslo Børs and AIM listed oil and gas exploration and
production company (OSE:BRIDGE/AIM:BRDG.L), notes the announcement by
Spike Exploration Holding AS ("Spike") today in relation to its
voluntary tender offer to acquire all outstanding shares in Bridge
Energy ASA. Spike has announced that final government approvals have now
been received and that settlement will take place as soon as reasonably
possible and not later than 15 Norwegian business days from the date of
this announcement.
The full text of Spike Exploration Holding AS announcement is below:
Voluntary offer for shares in Bridge Energy ASA - final governmental
approvals received, settlement expected within 15 Norwegian business
days
NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, JAPAN OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
Stavanger, 25 October 2013 - Reference is made to the offer document
dated 3 October 2013 (the "Offer Document"), issued by Spike Exploration
Holding AS (the "Offeror"), relating to its voluntary tender offer (the
"Offer") to acquire all outstanding shares (the "Shares") in Bridge
Energy ASA (the "Company").
The Offeror has received consent and clearance from the Norwegian
Ministry of Petroleum and Energy as described in section 3.3 (c) (i) of
the Offer Document, and the required notification to the Norwegian
Ministry of Finance has been made. This means that all conditions for
completion of the Offer set out in section 3.3 (c) have been met.
The Offeror further confirms that all other conditions for completion of
the Offer that require any action in order to be fulfilled have been met,
and none of the conditions that refer to events that shall not occur
have, to the Offeror's knowledge, occurred. Accordingly, the Offeror
will proceed to settle the Offer with respect to validly tendered
Shares. In accordance with section 3.14 of the Offer Document,
settlement will take place as soon as reasonably possible and not later
than 15 Norwegian business days from the date of this notice.
The Offer and the distribution of this announcement and other
information in connection with the Offer may be restricted by law in
certain jurisdictions. Spike Exploration does not assume any
responsibility in the event there is a violation by any person of such
restrictions. Persons into whose possession this announcement or such
other information should come are required to inform themselves about
and to observe any such restrictions.
Contacts
Spike Exploration Holding AS
Bjørn Inge Tønnessen, CEO, +47 902 01 289,
bit@spike-x.com
Harald Vabø, Chairman, +47 917 11 209,
harald.vabo@hitecvision.com
This information is subject to the disclosure requirements set out in
section 6-19 of the Norwegian Securities Trading Act.
- Ends -
For further information, please contact:
Bridge Energy
Tom Reynolds, Chief Executive
tom.reynolds@bridge-energy.com
Aberdeen +44 1224 659 120
Euan Tait, Corporate Development
euan.tait@bridge-energy.com
Aberdeen +44 1224 659 120
Cenkos Securities
Jon Fitzpatrick +44 207 397 1951
Neil McDonald +44 131 220 9771
FTI Consulting
Edward Westropp/Natalia Erikssen
+44 20 7831 3113
Edward.Westropp@fticonsulting.com
Statutory guidance statements
This information is subject to disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
Notes to Editors
Bridge Energy is an oil and gas exploration and production company which
holds production licences in the UK (North Sea) Continental Shelf and
exploration assets in both the UK and Norwegian Continental Shelves. The
company is listed on the Oslo stock exchange (OSE: BRIDGE) and the
London stock exchange (AIM: BRDG.L).
The Company has a significant number of licences both within the UK and
NCS, including several operatorships. Bridge has drilled 18 exploration
and appraisal wells, including ten discoveries.
Underpinned by existing production from its operated Victoria field,
non-operated Duart field, non-operated Boa field, Bridge boasts a high
impact exploration portfolio with a strong inventory of undeveloped gas
discoveries which represents a sustainable business platform for
production and exploration growth in the North Sea.
For more information please visit: www.bridge-energy.com
This information is subject of the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Bridge Energy ASA via Thomson Reuters ONE
HUG#1738363
http://www.bridge-energy.no/
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