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Bridge makes London crossing

by on September 27, 2012 8:50 am BST
 

The company has secured a market capitalisation of £78 million ($125 million) after its shares started trading on the Alternative Investment Market at a price of around 128pence early doors.

Bridge is seeking to raise capital from a wider pool of investors and boost its liquidity to finance plans to increase its exploration portfolio, which includes acreage both off Norway and in the UK North Sea, as well as deliver more production from its existing UK assets.

The Norwegian-registered company has been listed on Oslo’s junior Axess bourse since 2010.