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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Paul Smith who wrote (158578)	10/17/2011 7:03:02 AM
From: Dennis Roth	2 Recommendations Read Replies (3) \| Respond to of 206093

Statoil (STO) to Acquire Brigham Exploration (BEXP) for $36.50/Share; Deal Valed at $4.4B 6:18 am ET 10/17/2011 - Street Insider Statoil ASA (NYSE: STO) and Brigham Exploration Company (Nasdaq: BEXP) announced today that they have entered into a merger agreement for Statoil to acquire all of the outstanding shares of Brigham for $36.50 per share through an all-cash tender offer. The Brigham Board of Directors has unanimously recommended to its shareholders that they accept the offer. Ben "Bud" M. Brigham, Chairman, President and CEO and the other executive officers and directors of Brigham, who collectively own approximately 2.5% of the outstanding shares, have agreed to tender all of their shares. The total equity value is approximately $4.4 billion, reflecting an enterprise value of approximately $4.7 billion, based on June 30, 2011 net debt. The transaction will provide Statoil with more than 375,000 net acres in the Williston Basin, which holds potential for oil production from the Bakken and Three Forks formations. Brigham also holds interests in 40,000 net acres in other areas. At this early stage of development the risked resource base is estimated at 300-500 million barrels of oil equivalent (boe), equity. Current equity production is approximately 21,000 boe per day, and the acreage has potential to ramp up to 60,000-100,000 boe per day equity production over a five year period. The Bakken and Three Forks formations are among the largest oil accumulations in the United States. Various sources have estimated the technically recoverable reserves to be in the range of 5 - 24 billion boe, over a 38,000 square kilometers area. The attractiveness of the Bakken and Three Forks plays has resulted in Statoil offering a 36% premium over the average trading price of Brigham stock for the last 30 days. Closing is expected in Q112. Tudor, Pickering, Holt & Co.Securities, Inc. and Goldman, Sachs & Co. are acting as financial advisors to Statoil and Vinson & Elkins LLP is acting as legal advisor to Statoil on this transaction.

To: Paul Smith who wrote (158578)	10/17/2011 8:53:56 AM
From: Dennis Roth	2 Recommendations Read Replies (2) \| Respond to of 206093

El Paso & Kinder Morgan Merger Initial Thoughts and Takeaways 17 October 2011 ¦ 14 pages citigroupgeo.com Kinder Morgan Energy Partners LP (KMP) EP Buyout at KMI Helps Asset Mix & Growth, but Creates Equity Overhang: Neutral 7 October 2011 ¦ 9 pages citigroupgeo.com

To: Paul Smith who wrote (158578)	10/31/2011 3:06:34 PM
From: Dennis Roth	2 Recommendations Respond to of 206093

Goldman Sachs sued over natural gas pipeline deal 2011-10-31 Jeff Mordock The Legal Intelligencer m.post-gazette.com excerpt: Louisiana Municipal Police Employees Retirement System -- known by its acronym, Lampers -- filed a suit this month in Delaware Chancery Court, seeking to enjoin Kinder Morgan Inc.'s pending acquisition of El Paso Corp., a Houston natural gas company that is incorporated in Delaware. In its suit, Lampers named Goldman Sachs as a defendant, along with the two energy companies and the individual members of El Paso's board. The complaint charges that El Paso's board breached its fiduciary duties to its shareholders and that Kinder Morgan and Goldman Sachs aided and abetted El Paso's board in breaching its fiduciary duties.