Brigham Exploration Announces Filing of Registration Statement for a Public Offering of Common Stock.AUSTIN, Texas--(BUSINESS WIRE)--May 28, 1998--Brigham Exploration Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BEXP) today announced that it has submitted a registration statement for filing with the Securities and Exchange Commission for a public offering of 3,400,000 shares of common stock. The Company and/or two Selling Stockholders, both of which were early stage institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. in the Company, will grant the underwriters a 30-day option to purchase up to an additional 510,000 shares of common stock for the purpose of covering over-allotments. The proceeds to be received by the Company from this proposed offering will be used to help fund the Company's increased capital expenditure budget, which reflects an acceleration of its 3-D seismic acquisition and drilling activities in its Anadarko Basin The Anadarko Basin is one of the most prolific natural gas reserves in North America, with ultimate gas production in excess of 100 trillion cubic feet of gas.[1] External links
References 1. and Gulf Coast provinces, and in the interim for repayment of outstanding indebtedness. The offering of the common stock will be made only by means of a prospectus. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc thesecurities has not been filed with the Securities and Exchange Commission. The securities may not be offered prior to the time the registration statement has been filed. This announcement shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any offer or sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that are based upon current expectations. Important factors that could cause actual results to differ materially from those in the forward looking statements include risks inherent in exploratory drilling activities, the timing and extent of changes in commodity prices, unforeseen engineering and mechanical or technological difficulties in drilling wells, availability of drilling rigs, land issues, federal and state regulatory developments and other risks more fully described in the Company's filings with the Securities and Exchange Commission. Brigham Exploration Company (www.bexp3d.com) is an independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore and develop onshore on·shore adj. 1. Moving or directed toward the shore: an onshore wind. 2. Located on the shore: an onshore beacon; an onshore patrol. adv. domestic natural gas and oil provinces. The Company's exploration activities are concentrated primarily in three core provinces: the Anadarko Basin of western Oklahoma Western Oklahoma can usually be defined as all territory west of Interstate 35, and west of Oklahoma City. It is usually broken up into two primary regions: Northwestern Oklahoma and Southwestern Oklahoma. and the Texas Panhandle panhandle, in geography, a strip of land projecting from the main body of an area and shaped like the handle of a pan, such as the panhandles of West Virginia, Texas, and Alaska. ; the onshore Gulf Coast of Texas and Louisiana; and West Texas. For further information, please contact Investor Relations Investor relations The process by which the corporation communicates with its investors. at 512/427-3444, investor@bexp3d.com or mail requests to 6300 Bridge Point Parkway, Building Two, Suite 500, Austin, TX 78730.
CONTACT: Brigham Exploration Company
Craig M. Fleming/Christopher A. Phelps, 512/427-3300
investor@bexp3d.com
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