San Diego, CA 7/16/2009 2:21:51 AM
Brigham Exploration (BEXP) Blasts Off
Brigham Exploration Co. Strobeck well is a bigger gusher than expected.
Brigham Exploration Co. (BEXP) shares jumped today following yesterday's announcement that its Strobeck 27-34 #1H well produced approximately 2,021 barrels of oil during its early 24 hour flow back period. Some analysts feel that if the company can extract slightly more oil from some of its properties, shares could break above resistance at $4.50.
To read the full analytical review of Brigham Exploration and its stock, please go to: www.smallcapnetwork.com/s/.
About Brigham Exploration Co.
Brigham Exploration Co. (BEXP) is a leading independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore for and develop onshore domestic 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: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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