BEXP reports

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setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

BEXP reports

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Brigham Exploration beats by $0.03, beats on revs (BEXP) 19.40 +0.89 : Reports Q1 (Mar) earnings of $0.08 per share, $0.03 better than the Thomson Reuters consensus of $0.05; revenues rose 76.2% year/year to $32.6 mln vs the $26.9 mln consensus. They are forecasting that their second quarter 2010 total production volumes to average between 6,200 Boe per day and 6,800 Boe per day. They currently anticipate that their crude oil volumes will comprise approximately 68% of our total production volumes for the second quarter 2010. For the second quarter 2010, lease operating expenses are projected to be $6.57 per Boe based on the mid-point of their production guidance, production taxes are projected to be approximately 9.50% to 10.00% of pre-hedge oil and natural gas revenues, and G&A expenses are projected to be $2.75 million ($4.49 to $4.93 per Boe).
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