TIDMBRIDGE 
 
 
 
   18(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 (the "Offeror")  today in relation to its 
voluntary tender offer to acquire all outstanding shares in Bridge 
Energy ASA. As at the time of this release the Offeror holds 21,058,484 
Shares, representing approximately 33.20 per cent of the Shares and 
voting rights in the Company. In addition, the Offeror has received 
acceptances under the Offer for a total of 40,250,144 Shares, 
representing approximately 63.5 per cent of the Shares and voting rights 
in the Company. In total, the Offeror's holding of Shares and rights to 
Shares equals approximately 96.7 per cent of the outstanding Shares and 
voting rights in the Company.  This means that the condition relating to 
minimum acceptance level in the Offer has been met. 
 
   The full text of Spike Exploration Holding AS announcement is below: 
 
   NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, JAPAN OR  ANY OTHER 
JURISDICTION IN WHICH THE DISTRIBUTION OR  RELEASE WOULD BE UNLAWFUL 
 
   Stavanger, 18 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 share(the 
"Shares") in Bridge Energy ASA (the "Company"). 
 
 
 
   As of the time of this release, the Offeror holds 21,058,484 Shares, 
representing approximately 33.20 per cent of the Shares and voting 
rights in the Company. In addition, the Offeror has received acceptances 
under the Offer for a total of 40,250,144 Shares, representing 
approximately 63.5 per cent of the Shares and voting rights in the 
Company. In total, the Offeror's holding of Shares and rights to Shares 
equals approximately 96.7 per cent of the outstanding Shares and voting 
rights in the Company. This means that the condition relating to minimum 
acceptance level in the Offer has been met. 
 
 
 
   The period within which the Offer can be accepted expires today at 16:30 
hours (CET). 
 
 
 
   Completion of the Offer is subject to the fulfilment or waiver by the 
Offeror of the conditions to completion set out in the Offer Document. 
The Offeror expects that the remaining conditions to completion of the 
Offer will be met or waived, as applicable, no later than early November 
2013. Other than the condition relating to acceptance level addressed 
above, as of the date hereof, none of the conditions that require any 
action in order to be fulfilled have been fulfilled, and none of the 
conditions that refers to events that shall not occur have, to the 
Offeror's knowledge, occurred. 
 
 
 
   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 
sections 4-3 and 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. 
 
   The information contained in this announcement has been reviewed and 
approved by Dr Alfred Kjemperud, Managing Director, Bridge Energy Norge 
AS.  Alfred holds a PhD in Geology from The University of Oslo and has 
been a practising Petroleum Geologist for over 30 years. He has compiled, 
read and approved the technical disclosure in this regulatory 
announcement. 
 
   The technical disclosure in this announcement and the estimates are 
based on the definitions and guidelines set out in the 2007 Petroleum 
Resources Management System prepared by the Oil and Gas Reserves 
Committee of the Society of Petroleum Engineers and reviewed and jointly 
sponsored by the World Petroleum Council (WPC), the American Association 
of Petroleum Geologists (AAPG) and the Society of Petroleum Evaluation 
Engineers (SPEE).These definitions and guidelines can be found on the 
SPE website at www.spe.org. 
 
   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#1736740 
 
 
  http://www.bridge-energy.no/
Bridge Energy (LSE:BRDG)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Bridge Energy Charts.
Bridge Energy (LSE:BRDG)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Bridge Energy Charts.