Stellar has also been engaged to seek a partner for the drilling of the large Steamboat Prospect in the Central North Sea Oil Area.
Bridge would retain a Steamboat royalty interest in the case of the subsidiary sale.
The Durango Field remains shut-in pending platform modifications.
Back-out gas repayment for the month of August 2010 averaged 3.1mmcfd net to Bridge with Pounds Sterling 400,000 ($620,000) revenue.
The remaining gas credit balance is 0.257bcf.
Bridge has begun the further drilling on the shallow gas Hamilton Project on 8 August, 2010 in US western Idaho Basin and has since drilled and cased two wells, the Tracy Trust 3-2 and the White 1-10.
A third new well, the Korn 1-22, will commence drilling imminently.
Bridge has been testing the previous State 1-17 and Espino 1-2 concurrent with the new drilling operations and both wells have flowed water-free gas and the down-hole gauges have now been retrieved for detailed pressure build-up analysis.
Sequential testing of the Tracy Trust 3-2 has commenced to be followed by testing of the White 1-10.
Following the Korn 1-22, Bridge will next drill a six-mile northern step-out, the May 1-13 well.
The new detailed seismic program over the Willow Project area has been acquired and processed.
