Statoil's Presentation With Regard to BEXP

Link here.

Statoil provides a nice presentation at the link above.

This from Rigzone.com:

"A bigger enterprise with a larger balance sheet will be better positioned to take advantage of our large and growing inventory of Williston Basin drilling locations and the associated assets. We are excited to see this transaction completed and look forward to having our assets and employees integrate with the Statoil organization and the substantial asset position that they are growing in their U. S. onshore business," said Bud Brigham, Brigham Exploration's Chairman, President and CEO.

That speaks volumes.

BEXP fracked the Lucy Hanson with 36 stages using 2.7 million pounds of ceramic proppants. That speaks volumes.

Steve Zachritz on the sale, click here, SeekingAlpha.com.