HOUSTON, Sept. 30 /PRNewswire-FirstCall/ -- Constellation Energy
Partners LLC (NYSE: CEP) today announced it has retained a financial
advisor to assist in a review of the company's strategic alternatives to
enhance unitholder value. Tudor, Pickering, Holt & Co. Securities, Inc. has
been engaged to provide independent advice to the management team and the
Board of Managers. The company noted that, at this time, the Board of
Managers has not determined to pursue any particular alternative and that
it does not intend to disclose developments with respect to this review
unless and until the Board of Managers has approved a course of action.
"Given the current market environment and the recent merger
announcement by our sponsor, Constellation Energy Group, we believe the
assistance of Tudor, Pickering, Holt & Co. Securities will be helpful in
our efforts to conduct a comprehensive review of our strategic options,"
said Stephen R. Brunner, president and chief executive officer of
Constellation Energy Partners. "We will continue to focus on the interests
of our company and unitholders."
Forward-Looking Statements
We make statements in this news release that are considered forward-
looking statements within the meaning of the Securities Act of 1933 and the
Securities Exchange Act of 1934. These forward-looking statements are
largely based on our expectations, which reflect estimates and assumptions
made by our management. These estimates and assumptions reflect our best
judgment based on currently known market conditions and other factors.
Although we believe such estimates and assumptions to be reasonable, they
are inherently uncertain and involve a number of risks and uncertainties
that are beyond our control. In addition, management's assumptions about
future events may prove to be inaccurate. Management cautions all readers
that the forward-looking statements contained in this news release are not
guarantees of future performance, and we cannot assure you that such
statements will be realized or the forward-looking events and circumstances
will occur. Actual results may differ materially from those anticipated or
implied in the forward-looking statements due to factors listed in the
"Risk Factors" section in our SEC filings and elsewhere in those filings.
All forward-looking statements speak only as of the date of this news
release. We do not intend to publicly update or revise any forward-looking
statements as a result of new information, future events or otherwise.
Constellation Energy Partners LLC,
(http://www.constellationenergypartners.com), is a limited liability
company focused on the acquisition, development and exploitation of oil and
natural gas properties, as well as related midstream assets.
SOURCE Constellation Energy Partners LLC
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Related links:
http://www.constellationenergypartners.com
http://www.prnewswire.com/comp/084087.html /
CONTACT:
Media, Lawrence McDonnell, +1-410-470-7433,
or Investors, Tonya Cultice, +1-410-470-5619, both of
Constellation Energy Partners LLC
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