Brigham Exploration to Sell Common Stock

Brigham Exploration Company (Nasdaq: BEXP) intends to issue and sell 8,500,000 shares of its common stock to the public under its shelf registration statement declared effective by the Securities and Exchange Commission on June 30, 2004.


Brigham announced today that it has filed a preliminary prospectus supplement, pursuant to which it intends to issue and sell 8,500,000 shares of its common stock to the public. The offering, if consummated, will be made pursuant to Brigham's shelf registration statement on Form S-3, which was declared effective by the Commission on June 30, 2004. Prior to and contingent upon the consummation of the offering, Brigham will repurchase 6,000,000 shares of common stock from certain of its stockholders. The preliminary prospectus supplement provides the underwriters with a 30-day option to purchase up to 1,275,000 additional shares to cover any over-allotments. An equivalent number of shares to be sold in the over-allotment will be repurchased by Brigham from the same stockholders from whom Brigham is purchasing shares in the initial offering.

Raymond James and RBC Capital Markets Corporation will act as co-lead managers for the offering. Friedman, Billings, Ramsey & Company, Johnson Rice & Company and Dahlman Rose & Company will act as co-managers. When available, copies of the prospectus supplement and accompanying prospectus may be obtained from the offices of Raymond James, 800 Carillon Parkway, St. Petersburg, Florida, 33716, phone number: 727-567-2400.

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