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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Frank who wrote (45885)	7/28/2005 7:56:48 PM
From: Ed Ajootian	Read Replies (1) of 206084

Frank, Brigham Exploration (BEXP) -- Congrats on hanging in there on this one. They put out some great news last night, the most salient of which is that its looking pretty promising that they will be able to make a well at that 4 mile deep hole they are almost finished drilling. Whether it really discovers the 100+ BCF of gas that Bud said it might is yet to be determined, but at least they won't have an $8 M dry hole. Its looking like we should find out what's really down there within a month, stay tuned. They also had another discovery on another impact well, it appears that they are on a roll. I bought a bunch of the stock today. It seems that they now have enough critical mass (read: production) to allow them to get their next round of financing in the form of debt vs. equity, which is good news since it will avoid dilution to current shareholders.

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