10-Q/A 1 body.htm BRINGHAM EXPLORATION 10-Q/A 2 3-31-2005 Bringham Exploration 10-Q/A 2 3-31-2005
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q/A
(Amendment No. 2)
 

x     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2005

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File Number: 000-22433

Brigham Exploration Company
(Exact name of registrant as specified in its charter)

Delaware
1311
75-2692967
(State of other jurisdiction of incorporation or organization)
(Primary Standard Industrial Classification Code Number)
(I.R.S. Employer Identification Number)

6300 Bridge Point Parkway, Building 2, Suite 500, Austin, Texas 78730
(Address of principal executive offices)

(512) 427-3300
(Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.   
Yes x    No ¨
Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12 b-2 of the Act). 
Yes x    No ¨

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

Class
  
Outstanding
Common Stock, par value $.01 per share as of May 3, 2005
  
42,489,396
 

Explanatory Note

This Amendment No. 2 on Form 10-Q/A for the quarter ended March 31, 2005 (Amendment No. 2) is filed to correct clerical errors contained in the Consolidated Statement of Changes in Stockholders’ Equity included on Amendment No. 1 on Form 10-Q/A (Amendment No. 1).

Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as a result of this Amendment No. 2 on Form 10-Q/A, the certifications pursuant to Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002, filed and furnished, respectively, as exhibits to the original filing, have been re-executed and re-filed as of the date of this Form 10-Q/A and are included as Exhibits 31.1, 31.2, 32.1 and 32.2 hereto.

The remainder of the Form 10-Q/A filed on August 19, 2005 is unchanged. This Amendment does not reflect events occurring after the filing of Amendment No. 1 and does not modify or update the disclosures therein in anyway other than as required to reflect the amendments as described above and set forth below.
 

BRIGHAM EXPLORATION COMPANY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(In thousands)
(Unaudited)
 
   
Common
Stock
  
Additional
Paid In
  
Treasury
  
Unearned
Stock
  
Accumulated
Other
Comprehensive
  
Retained
  
Total
Stockholders'
  
   
Shares
  
Amounts
  
Capital
  
Stock
  
Compensation
  
Income (Loss)
  
Earnings
  
Equity
  
Balance, December 31, 2004
    
43,231
   
$
432
   
$
175,270
   
$
(4,707
) 
$
(1,570
) 
$
(503
) 
$
14,354
   
$
183,276
  
Comprehensive income:
                                                  
Net income
    
—
    
—
    
—
    
—
    
—
    
—
    
3,048
    
3,048
  
Unrealized gain (losses) on cash flow hedges
    
—
    
—
    
—
    
—
    
—
    
(609
)
  
—
    
(609
)
Tax benefits related to cash flow hedges
    
—
    
—
    
—
    
—
    
—
    
(3
)
  
—
    
(3
)
Net losses included in net income
    
—
    
—
    
—
    
—
    
—
    
616
    
—
    
616
  
Comprehensive income
                                             
3,052
  
Exercises of employee stock options
    
77
    
1
    
250
    
—
    
—
    
—
    
—
    
251
  
Vesting of restricted stock
    
65
    
1
    
(1
)
  
—
    
—
    
—
    
—
    
—
  
Issuance of restricted stock
    
—
    
—
    
602
    
—
    
(602
)
  
—
    
—
    
—
  
Tax benefit from the exercise of stock options
    
—
    
—
    
145
    
—
    
—
    
—
    
—
    
145
  
Repurchases of common stock
    
—
    
—
    
—
    
(190
)
  
—
    
—
    
—
    
(190
)
Amortization of unearned stock compensation
    
—
    
—
    
—
    
—
    
169
    
—
    
—
    
169
  
Balance, March 31, 2005
    
43,373
  
$
434
  
$
176,266
  
$
(4,897
)
$
(2,003
)
$
(499
)
$
17,402
  
$
186,703
  
 
The accompanying notes are an integral part of these consolidated financial statements.
 
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PART II - OTHER INFORMATION

ITEM 6.
EXHIBITS

Certification of Chief Executive Officer of the Company pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934

Certification of Chief Financial Officer of the Company pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934

Certification of Chief Executive Officer of the Company pursuant to 18 U.S.C. § 1350

Certification of Chief Financial Officer of the Company pursuant to 18 U.S.C. § 1350

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SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on August 31, 2005.
 

 
BRIGHAM EXPLORATION COMPANY 
  
       
       
 
By:
/s/ BEN M. BRIGHAM
  
   
Ben M. Brigham
  
   
Chief Executive Officer, President
 
   
and Chairman of the Board
  
       
       
       
 
By:
/s/ EUGENE B. SHEPHERD, JR.
  
   
Eugene B. Shepherd, Jr.
  
   
Executive Vice President and
 
   
Chief Financial Officer
  
 
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