Statoil Makes Tender Offer for Brigham Exploration
Statoil ASA and Brigham Exploration Company (NASDAQ: BEXP) announced that an entity controlled by Statoil, Fargo Acquisition Inc., has commenced the previously-announced tender offer for all of the outstanding shares of common stock, par value $0.01 per share, of Brigham at a price of $36.50 per share, net to the seller in cash without interest thereon and less any applicable withholding taxes. Statoil is filing with the Securities and Exchange Commission today a tender offer statement on Schedule TO, including an offer to purchase and related letter of transmittal, setting forth in detail the terms of the Offer. Additionally, Brigham is filing with the SEC today a solicitation/recommendation statement on Schedule 14D-9 setting forth in detail…
Statoil: Third quarter 2011 Results
Statoil's third quarter 2011 net operating income was NOK 39.3 billion, a 39% increase compared to NOK 28.2 billion in the third quarter of 2010. "Statoil delivered strong financial results in the third quarter of 2011, reflecting operational performance in line with expectations and strong oil and gas prices throughout the period," says Helge Lund, Statoil's chief executive officer. Statoil presented the long term strategy and long term growth outlook on its capital markets day in June 2011…