(Source: Business Wire)
Encore Energy Partners LP (NYSE: ENP) announced today that it plans to make a public offering of 8,200,000 common units pursuant to an effective shelf registration statement. Encore Energy Partners will grant the underwriters a 30-day option to purchase up to an additional 1,230,000 common units. The net proceeds from the offering are expected to be used to fund a portion of the purchase price of the previously announced acquisition of oil and natural gas producing properties in the Rockies and Permian Basin from Encore Acquisition Company.
Barclays Capital, Merrill Lynch & Co., UBS Investment Bank, and Wachovia Securities will act as joint book-running managers for the offering. When available, a copy of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may be obtained from the following underwriters at the addresses set forth below:
Barclays Capital c/o Broadridge, Integrated Distribution Services 1155 Long Island Avenue Edgewood, NY 11717 Phone: (888) 603-5847 Email: Barclaysprospectus@broadridge.com Merrill Lynch & Co. Attn: Prospectus Department 4 World Financial Center New York, NY 10080 Phone: (212) 449-1000 UBS Investment Bank 299 Park Avenue New York, New York 10171 Attn: Prospectus Department Phone: (888) 827-7275 Wachovia Securities Attn: Equity Syndicate Dept. 375 Park Avenue New York, New York 10152 Email: equity.syndicate@wachovia.com Phone: (800) 326-5897 -------------------------------------------------------------------------------
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities law in any such state or jurisdiction. The common units will be offered only by means of the prospectus supplement and the accompanying prospectus.
Cautionary Statement
This press release includes forward-looking statements, which give ENP's current expectations or forecasts of future events based on currently available information. Forward-looking statements in this press release relate to, among other things, ENP's plans for a public offering of its common units. Such statements are subject to a number of risks and uncertainties, including those identified in "Item 1A. Risk Factors" and elsewhere in its most recent annual report on Form 10-K and other filings with the Securities and Exchange Commission. If one or more of these risks or uncertainties materialize (or the consequences of such a development changes), or if underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected.
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