The well, situated in the Norwegian North Sea PL554, has been drilled to a TVD of 4050m in the Triassic Lunde Formation and it penetrated an oil-bearing Cook Formation with good reservoir characteristics.
The preliminary results indicates no oil-water contact was encountered and it also shows an oil rate of around 4,000 bbl/day through a 28/64" choke.
Dependent on available rig days, a sidetrack may be drilled with the purpose of defining down flank oil-water contact.
Resource volume estimates are pending analyses of the results, the company said.
Bridge Energy CEO Tom Reynolds said that the Garantiana has the potential to add significant resources to the company as an attractive discovery in its own right and has also de-risked several adjoining exploration opportunities on the licence.
" I believe this demonstrates the vision and capability of our Norwegian team, led by Alfred Kjemperud, and look forward to the results of our remaining 2012 well on PL457," he added.
Total E&P Norge is the operator of the well with a 40% interest, while other co-partners includes Bridge Energy, Det norske oljeselskap and Svenska Petroleum Exploration, each holding a 20% stake respectively.
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