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    Brigham makes public offering in hopes of restarting Bakken drilling

    In an effort to fund its revised capital expenditure program for 2009, including restarting its operated Bakken and Three Forks drilling program in the Williston Basin, Brigham Exploration Co. has commenced an underwritten public offering of 30,000,000 shares of common stock with a 30-day option for underwriters to purchase up to 4,500,000 additional shares of common stock. A portion of the proceeds will also go to paying down the outstanding borrowings under its senior credit facility.

    Credit Suisse Securities LLC and Jefferies & Co. Inc. are acting as joint book-running managers and RBC Capital Markets, Howard Weil Inc., Johnson Rice & Co. LLC, ABN AMRO Inc., Capital One Southcoast Inc., and Natixis Bleichroeder Inc. are acting as co-managers for the offering.

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