Brigham Exploration (MM) (BEXP) Quote

11/23/2011 News: Statoil to Make Additional Filings in Connection With Brigham Acquisition
Statoil (NYSE: STO) (OSLO: STL) and Brigham Exploration Company (NASDAQ: BEXP) have decided to make voluntary filings with the U.S. Committee on Foreign Investment in the United States (CFIUS) in connection with Statoil's previously announced acquisition of Brigham. The filing is voluntary and consistent with Statoil's policy to cooperate with all relevant governmental authorities in the United States, including CFIUS. Statoil will pay for shares consistent with the pending tender offer. Neither the filing nor completion of the CFIUS review is a condition to closing of Statoil's pending tender offer for shares of common stock of Brigham Exploration. The initial tender offer is currently scheduled to expire at midnight NYC time on November 30, 2011.

Additional Information

This communication is neither an offer to purchase nor a solicitation of an offer to sell any shares of the common stock of Brigham Exploration Company or any other securities. Statoil ASA and Fargo Acquisition Inc. have filed a tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and related documents, with the United States Securities and Exchange Commission (the "SEC"). The offer to purchase shares of Brigham common stock (the "Offer") will only be made pursuant to the offer to purchase, the letter of transmittal and related documents filed with such Schedule TO. INVESTORS AND STOCKHOLDERS ARE URGED TO READ BOTH THE TENDER OFFER STATEMENT, AS FILED AND AS IT MAY BE AMENDED FROM TIME TO TIME, AND THE SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE OFFER, AS FILED AND AS IT MAY BE AMENDED FROM TIME TO TIME, BECAUSE THEY CONTAIN IMPORTANT INFORMATION REGARDING THE OFFER. The solicitation/recommendation statement on Schedule 14D-9 has been filed with the SEC by Brigham. Investors and stockholders may obtain a free copy of these statements (when available) and other documents filed with the SEC free of charge at the website maintained by the SEC at www.sec.gov or by directing such requests to Innisfree M&A Incorporated at (877) 687-1875.

About Brigham Exploration

Brigham Exploration Company is an independent exploration, development and production company that utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore oil and natural gas reserves. For more information about Brigham Exploration, please visit our website at www.bexp3d.com or contact Investor Relations at 512-427-3444.

Forward-Looking Statement Disclosure

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws. Important factors that could cause our actual results to differ materially from those contained in the forward-looking statements include early initial production rates which decline steeply over the early life of wells, particularly our Williston Basin horizontal wells for which we estimate the average monthly production rates may decline by approximately 70% in the first twelve months of production, our growth strategies, our ability to successfully and economically explore for and develop oil and gas resources, anticipated trends in our business, our liquidity and ability to finance our exploration and development activities, market conditions in the oil and gas industry, our ability to make and integrate acquisitions, the impact of governmental regulation and other risks more fully described in the company's filings with the Securities and Exchange Commission. Forward-looking statements are typically identified by use of terms such as "may," "will," "expect," "anticipate," "estimate" and similar words, although some forward-looking statements may be expressed differently. All forward-looking statements contained in this release, including any forecasts and estimates, are based on management's outlook only as of the date of this release, and we undertake no obligation to update or revise these forward-looking statements, whether as a result of subsequent developments or otherwise.

Statoil Further Information



Investor relations Norway:

Hilde Merete Nafstad, senior vice president, investor relations

mobile: +47 957 83 911



Investor relations US:

Morten Sven Johannessen, vice president, investor relations USA

mobile: +1 203 570 2524



Press Norway:

Jannik Lindbaek Jr., vice president, media relations

mobile: +47 977 55 622



Bard Glad Pedersen, press spokesperson, media relations

mobile: +47 918 01 791



Press US:

Ola Morten Aanestad, vice president, North America communication

mobile: +1 713 498 0585

Bunch of greedy lawyers is all. Great deal.

Norwegian oil giant Statoil(STO) has agreed to buy Brigham Exploration(BEXP) for $36.50 in an all cash deal. The deal values Brigham at roughly $4.4 billion and is a more than 20% premium to its Friday close.

Latest BEXP Headline News

Finkelstein Thompson LLP Announces Investigation of Brigham Exploration Co.

Monday 10/17/2011 01:06 PM ET - BusinessWire via COMTEX
The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Brigham Exploration Co. ("Brigham" or the "Company") (NASDAQGs: BEXP), concerning the proposed acquisition of the Company by Statoil ASA. Under the terms of the transaction, Brigham shareholders would receive $36.50 per share, in a deal worth approximately $4.3 billion.


The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Brigham Exploration Company

Monday 10/17/2011 12:30 PM ET - BusinessWire via COMTEX
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Brigham Exploration Company ("Brigham Exploration" or "BEXP") (NASDAQ: BEXP) to Statoil ASA for shareholders. Under the proposed buyout, Brigham Exploration shareholders will receive only $36.50 in cash for each share of Brigham Exploration/BEXP stock owned, which is well below the target price of $45.00 per share recently announced by analysts and below the closing price of BEXP shares as recently as March 2011.


Energy News: Statoil Buys Brigham Exploration, Anadarko Settles with BP

Monday 10/17/2011 12:29 PM ET - MarketNewsVideo.com via COMTEX
Onshore oil and gas exploration and production company Brigham Exploration (BEXP) said today it has agreed to be acquired by Statoil (STO) for $36.50 per share in cash. The Brigham board of directors has approved the deal, and is recommending that shareholders accept the offer and tender their shares.


Glancy Binkow & Goldberg LLP Announces Investigation of Brigham Exploration Company

Monday 10/17/2011 12:10 PM ET - BusinessWire via COMTEX

Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of Brigham Exploration Company ("Brigham" or the "Company") (NASDAQ: BEXP) related to the proposed acquisition of the Company by Statoil ASA. The transaction is valued at approximately $4.4 billion or $36.50 per share.

Yeah, Boo Boo, the payout didn't even reach the 52-week high.

Statoil got a deal, IMO.

Trueheart

Not bad for a company trading at 2.50 two 1/2 years ago

Not enough of a premium...IMO!

Oct 17, News - Brigham Exploration Company Announces Merger Agreement With Statoil ASA


Date: 10/17/2011 @ 5:50AM
Source: MarketWire
Stock: Brigham Exploration (BEXP)
Quote: 30.36 0.0 (0.00%) @ 8:29AM

Brigham Exploration Company (NASDAQ: BEXP) and Statoil ASA (OSE: STL) (NYSE: STO) announced today that the companies have entered into a definitive merger agreement for Statoil ASA to acquire Brigham Exploration Company for US$36.50 per share by means of an all-cash tender offer for all of the issued and outstanding shares of Brigham Exploration Company. The Brigham Exploration Company board of directors has unanimously recommended to its shareholders that they accept the offer.

Bud Brigham Chairman, President and CEO stated: "A bigger enterprise with a larger balance sheet will be better positioned to take advantage of our large and growing inventory of Williston Basin drilling locations and the associated assets. In addition to their very strong balance sheet, Statoil empowers their employees to leverage their impressive technological resources to innovate, matching up very well with our culture and our entrepreneurial technical staff. We are excited to see this transaction completed and look forward to having our assets and employees integrate with the Statoil organization and the substantial asset position that they are growing in their onshore U. S. business."

The tender offer is expected to commence by October 31, 2011. The acquisition is subject to the terms and conditions set forth in the merger agreement, including a condition that at least a majority of the outstanding shares of Brigham Exploration Company are tendered, that the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired or been terminated and other customary conditions. If the tender offer is completed, un-tendered shares of Brigham Exploration Company will be converted into the right to receive the same US$36.50 per share price paid in the tender offer. The transaction is expected to close late in 2011 or early in 2012.

Brigham Exploration Company has engaged Jefferies & Company, Inc. as its financial advisor in connection with this Offer. Its legal advisor is Thompson & Knight LLP.

Additional Information

The tender offer described in this communication (the "Offer") has not yet commenced, and this communication is neither an offer to purchase nor a solicitation of an offer to sell any shares of the common stock of Brigham Exploration Company or any other securities. On the commencement date of the Offer, a tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and related documents, will be filed with the United States Securities and Exchange Commission (the "SEC"). The offer to purchase shares of Brigham Exploration Company common stock will only be made pursuant to the offer to purchase, the letter of transmittal and related documents filed with such Schedule TO. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ BOTH THE TENDER OFFER STATEMENT AND THE SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE OFFER, AS THEY MAY BE AMENDED FROM TIME TO TIME, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The merger agreement and the tender offer statement will be filed with the SEC by Statoil ASA and the solicitation/recommendation statement will be filed with the SEC by Brigham Exploration Company. Investors and security holders may obtain a free copy of these statements (when available) and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov.

About Brigham Exploration

Brigham Exploration Company is an independent exploration, development and production company that utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore oil and natural gas reserves. For more information about Brigham Exploration, please visit our website at www.bexp3d.com or contact Investor Relations at 512-427-3444.

Forward-Looking Statement Disclosure

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws. Important factors that could cause our actual results to differ materially from those contained in the forward-looking statements include early initial production rates which decline steeply over the early life of wells, particularly our Williston Basin horizontal wells for which we estimate the average monthly production rates may decline by approximately 70% in the first twelve months of production, our growth strategies, our ability to successfully and economically explore for and develop oil and gas resources, anticipated trends in our business, our liquidity and ability to finance our exploration and development activities, market conditions in the oil and gas industry, our ability to make and integrate acquisitions, the impact of governmental regulation and other risks more fully described in the company's filings with the Securities and Exchange Commission. Forward-looking statements are typically identified by use of terms such as "may," "will," "expect," "anticipate," "estimate" and similar words, although some forward-looking statements may be expressed differently. All forward-looking statements contained in this release, including any forecasts and estimates, are based on management's outlook only as of the date of this release, and we undertake no obligation to update or revise these forward-looking statements, whether as a result of subsequent developments or otherwise.

Contact:

Rob Roosa
Director of Finance & Investor Relations
(512) 427-3300

I think people who want to work are willing to live anywhere, I salute them. Enjoy the nice weather, i hear you on the cold. I'm already starting to call it winter outside.

HAMM HAROLD Officer 98,510 Direct Purchase at $50.57 - $51.43 per share. 5,024,000

They need workers and there aren't enough people to fill the positions. Having said this, who in their right mind would want to live in North Dakota with the brutal winter months coming up? Have a great weekend...Later!

I was googling to figure out what was going on in N Dakota and found BEXP. My brother drove thru this week and couldn't find a room because of all the mine activity. I have to say $30 is a little steep, i hope there's a dip so I can jump in.

Insider selling!

In today at $27.86

BEXP, CRZO, ATPG, GPOR off the charts! Likey...Likey...!!!

Google north Dakota this company is creating a boom town. Supposed to be a bigger oil find than Saudi Arabia.

Throw in an earthquake while we're at it! Nuclear plant problems in Virginia!

Stock getting a bump from burning tankers on Afghanistan/Pakistan border! Producers up across the board! Might take a couple years before Libya is at full production again. Oil from this region (Libya) going to Italy! CRZO NAV $79. EPS Estimates are for $7.00/shr in 2013! Liking oil and fertz! Hurricane Irene?

#47 in IBD's top 50!

A crystal ball would be nice...especially in this market!

At trendline support from line I drew starting in July 2009! This line was violated earlier this month when the debt crisis was at forefront of every headline out there! Will it hold this time around?

I wish I had a crystal ball, TKO.

The world is in play here.

Drillers will keep drilling.

Trueheart

I know! When will it start rising and actually stick!?

TKO, oil at approx $83.44, down over four bucks.

Trueheart

EnerCom - weather won't be an issue going forward!

Congrats...still holding!!

And BAM! BEXP is now over 30 bucks per share. lets close above 30 today, woohoo!

Brigham Exploration Company to Present at EnerCom's The Oil & Gas Conference
Date: 08/11/2011 @ 4:30PM
Source: MarketWire
Stock: Brigham Exploration (BEXP)

Members of Brigham Exploration Company's (NASDAQ: BEXP) management team will be presenting at EnerCom's The Oil & Gas Conference. A copy of our corporate presentation will be available on the Company's website (www.bexp3d.com) beginning Monday evening, August 15, 2011. Details regarding the conference are as follows:

Date & Time:

Tuesday, August 16, 2011 at 9:40 AM Mountain Time

Presenter:

Ben M. "Bud" Brigham - Chairman, President and CEO

Attendee:

Eugene B. Shepherd, Jr. - Executive Vice President and CFO

Attendee:

Lance Langford - Executive Vice President of Operations

Address for Webcast & Replay:

http://www.investorcalendar.com/CEPage.asp?ID=165369 or www.bexp3d.com

Venue:

The Westin Denver Downtown
1672 Lawrence Street
Denver, CO 80202

I understand you now. Yes, pt of $30 could be hit tomorrow and that would be a nice round number where temporary resistance would be. For how long, who knows, maybe just intraday. Anal-yst have pt in the $40's and boe production for next q is supposed to increase by 4,000, taking daily average above 16k. JPM, which I think is a joke, has pt of $27.5 for end of this year (I think!). Good luck to you!

almost touching 28 today, could see 30 very very soon, like a week or less. that is short term.

30 bucks short term isn't going to happen in this market. Having said this, I'm not sure what your definition of short term is! Another upgrade today by Stifel Nicolaus!

haha, love the humor. BEXP is a great company. the first time i bought in was spring of 2009 @ 2.40 ish, sold in the 3.50 area, should have held...but got back in on monday at 23.52 looking for 30 bucks short term before i take profit.

bexp should be a year over year gainer based on technology and management. amazing to see where this has come from, and the potential to grow into an even larger oil/gas producer!

This board sux! Guess BEXP has to be a penny stock for anybody to be interested...

JPM raised price target to 27.5. Guess I should read their report. Don't think they're on track with this company...IMHO!

Global Hunter on baord as well...pt $41.

Upgraded this morning by FBR Capital to Outperform. Jeffries reiterates buy rating with a price target of $45!

I have faith that it will turn around too. Just need a little patience.

I agree. They're not going to stop drilling and producing.

Trueheart

BEXP earnings out, great numbers. should see a turnaround soon, back towards high 20's

A huge, huge tumble from the $37+ 52-week high.

Trueheart

The 8th of August it is after closing, TKO.

Trueheart

Well, here is the earnings report...

http://finance.yahoo.com/news/Brigham-Exploration-Announces-iw-2744914987.html?x=0&.v=1

Engulfing candle today if the pattern holds, but the day is young. Don't forget that they report in a couple weeks. Also, we're making higher high's on the charts. Personally, I'd like to see them pullback to sub $30 prior to earnings. I have some GTC orders in that area.

WTF??? BEXP run is over..stock being sold off today..

not fun at all! Sub $33

;-(

TKO, that's an interesting question. I think the American oil market has gotten past the whims of OPEC. Further, I think that we as a nation realize that we have to mine coal and search for oil and natural gas and create the long-term bridge that, hopefully, will allow the United States a modicum of energy independence.

World markets my swoon at OPEC's self-serving increase in oil output but I think the U.S. will continue on its path.

The world is increasing its use of coal and oil (China and India) and they may take up OPEC's supply.

What do you think?

Trueheart

How much effect do you think this will have?


Oil companies have been boosting production this year to keep up with surging demand. There is concern that oil demand may soon slide, however, after the Organization of Petroleum Exporting Countries (OPEC) questioned the global economic recovery. The Bedford Report examines the outlook for companies in the Oil & Gas Sector and provides equity research on Samson Oil & Gas Limited (AMEX:SSN - News) and Brigham Exploration Co. (NASDAQ:BEXP - News). Access to the full company reports can be found at:

www.bedfordreport.com/SSN

That 1,800+ BPD well is some honey. Very interested.

Trueheart

They have been doing pretty well! I'd say they are worth watching.

Nice gain today. Will follow this oil company.

Trueheart

Good play for the 2nd half of the year? I'd say so.


My largest holding is Brigham (BEXP). I began purchasing it on May 4th of this year. For those who read my articles, you already know why I like Brigham. Analysts estimate Brigham will grow on average 40.8% per year for the next five years. Much of this growth is figured in this year at 138.3% with additional growth of 65.7% next year. Its earnings estimates are derived from 22 analysts covering the stock. Although much has been said about mark to market hedging losses, Brigham has been exceeding earnings guidance for at least four quarters.

June of 2010-Beat by 44.4%
September of 2010-Beat by 50%
December of 2010-Beat by 33.3%
March of 2011-Beat by 16%

Brigham beat its first quarter numbers at a difficult time. One of the worst North Dakota winters in recent memory bogged down many of the Bakken producers. Brigham was also able to cut costs to cover increasing employee wages and to pay well service costs. Brigham currently has a possible 2221 locations in the Williston Basin. It estimates $10.9 million PV-10/well (at 5/31/11 NYMEX pricing). This basically means that at 600,000 barrels of oil equivalent per well, Brigham expects to net $10.9 million. Brigham also has the top four wells with respect to initial production (IP rate) and has seven of the top ten. For a more specific outlook on Brigham.

EnerCom, Inc. To Host The Oil & Gas Conference® 16 August 14-18, 2011
50 minutes ago - PR Newswire
EnerCom, Inc. (www.enercominc.com) will host The Oil & Gas Conference® 16 (www.theoilandgasconference.com) at the Westin Denver Downtown (formerly the Westin Tabor Center) on August 14-18, 2011 in Denver. The Conference is the oldest and largest energy investment conference hosted in Denver, showcasing more than 100 presenting companies over four days with a combined enterprise value of approximately $1.5 trillion.


Brigham Exploration Shares Climbing Higher, Up 2.8%
2 hours 22 minutes ago - Financial News Network Online - Market Movers
One of today's notable stocks on the rise is Brigham Exploration (NASDAQ:BEXP), up2.8% to $31.49. The S&P is currently trading 0.2% lower to 1,337 and the Dow Jones Industrial Average is trading fractionally lower to 12,570.