Brigham Exploration (BEXP) Announces Positive Results From Southern Louisiana Drilling

July 7, 2008 4:48 PM EDT

Brigham Exploration Company (NASDAQ: BEXP) announced that its Main Pass SL 18826 #1 discovery was production tested at a rate of 15.4 MMcf of natural gas per day. Brigham also drilled an apparent discovery with its second joint venture well at Chandeleur Sound. Brigham Exploration owns a 50% working interest in both Main Pass and Chandeleur Sound, the first two of six prospects it plans to drill as part of its Southern Louisiana joint venture with Clayton Williams Energy Inc. (NASDAQ: CWEI).

The Main Pass SL 18826 #1 encountered approximately 100 feet of apparent Miocene pay in four intervals at depths of between 7,140 and 7,680 feet. Brigham anticipates achieving production to sales by late August, and expects to produce the Main Pass SL 18826 #1 at an initial rate of 15 to 20 MMcf of natural gas per day.

Bud Brigham, the Chairman, President and CEO, stated, "We're two for two thus far in our Southern Louisiana joint venture with Clayton Williams. Our Main Pass well should be a remarkably strong producer, positively impacting our production beginning in September. We expect to have our Chandeleur Sound well production tested by late July, with production to sales expected in late September..."

Brigham Exploration Company is an independent exploration, development and production company that uses three dimensional (3D) seismic imaging, drilling and completion technologies to explore for and develop domestic onshore oil and natural gas reserves. [SM]

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