SOURCE: The Bedford Report

The Bedford Report

July 18, 2011 08:16 ET

Slow Down in Oil Demand May Hurt Samson Oil and Brigham Exploration

The Bedford Report Provides Stock Research on Samson Oil & Brigham Exploration

NEW YORK, NY--(Marketwire - Jul 18, 2011) - Oil companies have been boosting production this year to keep up with surging demand. There is concern that oil demand may soon slide, however, after the Organization of Petroleum Exporting Countries (OPEC) questioned the global economic recovery. The Bedford Report examines the outlook for companies in the Oil & Gas Sector and provides equity research on Samson Oil & Gas Limited (NYSE Amex: SSN) and Brigham Exploration Co. (NASDAQ: BEXP). Access to the full company reports can be found at:

While OPEC thinks global demand will continue to increase this year to the highest levels ever, the cartel argues that demand won't grow as much as it previously expected. Last week OPEC said it expects daily world consumption will increase this year by 1.36m barrels -- down from a previous estimate of 1.38m barrels -- to an average 88.18m barrels. OPEC said it cut demand expectations "as the unsteady global economy has added risks to the forecast." OPEC added that it is hard to estimate how much oil the US will consume this year.

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Samson Oil & Gas Limited owns interests in various projects located in Wyoming, North Dakota, New Mexico, and Texas. Samson Oil & Gas Limited was founded in 1980 and is headquartered in Perth, Australia. Samson currently projects that it will exit the end of the calendar year with an estimated cash balance of US$32 million.

Brigham Exploration utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore crude oil and natural gas reserves. Last month Brigham said it expects more wells in its Williston basin to benefit its third-quarter production, sending its shares up 3 percent.

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