Bridge Energy ASA announced unaudited consolidated earnings and operating results for the first quarter ended March 31m, 2013. For the quarter, the company reported total revenues of NOK 80.7 million against NOK 33.2 million a year ago. Operating income was NOK 7.2 million against operating loss of NOK 22.5 million a year ago. Loss before tax was NOK 2.6 million against NOK 33.8 million a year ago. Net income attributable to the equity holders of the parent was NOK 3.0 million or NOK 0.05 per basic and diluted share against net loss attributable to the equity holders of the parent of NOK 23.2 million or NOK 0.41 per basic and diluted share a year ago. Net cash flow from operating activities was NOK 25.4 million against NOK 87.1 million a year ago. Purchase of intangible assets was NOK 5.9 million against NOK 6.3 million a year ago. Purchase of property, plant & equipment was NOK 0.3 million against NOK 8.0 million a year ago. EBITDA was NOK 17.1 million. For the quarter, the company’s average production was 1,110boe/d compared to 873boe/d for the same period a year ago.

Bridge Energy ASA, Q1 2013 Earnings Call, May 23, 2013

Bridge Energy ASA at its AGM to be held on May 22, 2013, is to consider the amendment to the Articles of Association.