1. Gintaras Said,

   Dear investors, the BEXP seems to me one of the best potentially positioned US based oil/gas companies to deliver high long term appreciation in its stock price due to these fundamental criteria:

   1. Small cap;

   2. Large Bakken exposure of about 288 000 acres;

   2. Its used 3D seismic data acquiring techniques;

   3. Very expeerienced management, not selling shares;

   4. Adding another rig to the Bakken leases in the end of 2008;

   5. Joint venture with NOG (NOG has a very large and probably exceptionally prolific Bakken accreage and growing it rapidly);

   6. CAPEX targeted to spend much on the Bakken in 2008 by adding another leases and drilling more in 2008 and beyond;

   7. Oil is around $130;

   8. Sweet and light Bakken oil – easy to refine and hence the highest oil sale price received;

   9. Pipeline capacities to deliver oil from Bakken to increase over time considerably;

   10. OPEC countries cannot sustain enough oil exports due to their own needs, and peak oil fundamentals, regimes sentimet toward US;

   11. No major easy to pump out of the ground oil field discovery since 1970′s; Brasil’s Tupi and adjacent massive oil fields are not easy to tap quickly and related their oil costs are dramatically larger, no sooner than only in 5 years time to start tapping them;

   12. Russia is a criminals’ ruled country thus unreliable, with its declining yearly oil export rates. It has proved itself keen to grab private oil companies (Yukos and others),.. but to lack investments’ desire in developing new its own oil fields (Priobskoye, for instance). Russia’s rulers strategy is to “grab and run” styled, exeptionally happy when they can punch the US;

   13. Latin America, Asia are all unreliable oil exporters due to constant “nationalization” of oil/gas industry threats, taxes, declining oil exports, etc.

   14. The ANW and other similar Alasca’s, Colorado shale reserves possible tapping would cause undesirable consequences to nature and challenging infrastructure absence;

   15. Possible Bakken oil “mirror-reservoirs” natured geology (Three Fork sanish layer formation might double Bakken oil resource as a result. CLR has recently drilled this formation with excellent results!);

   16. Constantly updated much better horizontal drilling, frac, etc, achievements in oil tapping technology;

   17. Long-life Bakken and its adjacent oil formations’ resource potential.

   Having summed it up, I believe the BEXP is one of the best positioned US oil/gas companies to exponential growth over a very long term.

   Thank you.

   Gintaras

2. bakken Said,

   good points on BEXP

3. bakken Said,

   More good news on BEXP this morning regarding a southern louisiana oil find:

   The SL 18826 #1 encountered approximately 100 feet of apparent Miocene pay in four intervals at depths of between 7,140 and 7,680 feet. Completion operations are underway and production to sales is expected in August.

   Brigham expects to commence its next two wells in its Southern Louisiana joint venture with Clayton Williams Energy Inc. (NasdaqGM:CWEI – News) in the next several weeks. Brigham retains a 50% working interest in all joint venture wells with Clayton Williams Energy Inc. also retaining a 50% working interest. The SL 19312 #1 and SL 19054 #1 will also target Miocene objectives at depths of 9,300 and 7,600 feet, respectively.

   Bud Brigham, the Chairman, President and CEO, stated, “We’ve been looking forward to drilling these outstanding prospects with Clayton Williams Energy Inc. This high quality inventory leverages seismic amplitudes and other attributes to effectively reduce drilling risks. The results for the first well, drilled in the Main Pass area, have exceeded our expectations with excellent permeabilities and apparent porosities as high as 30%. We expect this well to be a significant producer which will positively impact our production in the third and fourth quarters.”

4. Bakken Oil Said,

   Cramer has no idea what he is talking about. He recently recommended NOG, and guess who is partnering with NOG to develop a substantial amount of NOG’s leasehold…BEXP (Brigham).

5. SemperFinance Said,

   Listen Gents,

   I’ll be the first to agree that Cramer can get a bit out of control on his lightning recommendations… however, I’d like to clarify a couple of points that are fairly relevant to this discussion.

   1. Cramer actually never recommended Bear Stearns before it collapsed… he actually predicted it’s collapse one week prior to the Fed & JP Morgan bailout when the CEO of Bear Stearns was claiming their were no liquidity problems.

   2. If any of you have analyzed the fundamentals of Northern Oil & Gas, you will see they have no income. Further analysis will show that the majority of the insiders are fairly Inexperienced which is a modest term in this case. Brigham Exploration is allegedly drilling for NOG, however,NOG has received no real income or revenue from any of their “Mineral Leases”. I would caution anyone on investing in a company with no revenue and no income. NOG was actually created off the back of a “Blank Check Company”, for “tax purposes” which should raise a few eyebrows. Furthermore, the so called “Google of Bakken” has experienced consistent insider sales that raise further red flags. , I almost dumped some spec $ into this play until I uncovered far too many of these abnormalities, Buyer beware…. wait and see some real income before you bite on any Bakken play. As for BEXP, I think Continental, EOG and Whiting are all great plays, EOG especially for their size and experience.

6. bakken Said,

   On march 11th, Cramer did tout BSC, what am i missing?

   http://seekingalpha.com/article/68748-cramer-on-bear-stearns-march-11-stick-around

7. SemperFinance Said,

   Referring to the common stock of Bear Stearns, he said it was worthless. He said don’t pull your money out of the Investment bank, because they would be either taken over or backed by the Fed.

   http://www.cnbc.com/id/23678693/

8. SemperFinance Said,

   Cramer aside…. does anyone know what’s going on as far as pipelines around Bakken? I’ve heard a pipeline on the drawing boards from Alberta to Texas and the Gulf of Mexico by TransCanada and ConocoPhillips, but nothing more. How about infrastructure to support the exploration operations?

   http://www.greatfallstribune.com/apps/pbcs.dll/article?AID=/20080617/OPINION01/806170305

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