Vanguard Natural Resources Announces Plans to Move to the New York Stock Exchange Big Board
01 May 2009 - 7:23AM
PR Newswire (US)
HOUSTON, April 30 /PRNewswire-FirstCall/ -- Vanguard Natural
Resources, LLC (NYSE Arca: VNR) ("Vanguard") announced today that
it has applied for authorization to list its common units
representing limited liability company interests ("Common Units")
on the New York Stock Exchange ("NYSE") under its existing ticker
symbol "VNR". In connection with the transfer to the NYSE, Vanguard
has given notice to NYSE Arca of its intention to voluntarily
delist its Common Units from NYSE Arca. Vanguard has determined
that it is in the best interests of the company and its unitholders
to withdraw its listing from NYSE Arca upon the company's
acceptance for listing on the NYSE. The company is currently
completing the process of listing its Common Units on the NYSE and
delisting its Common Units from NYSE Arca. Vanguard anticipates
that its Common Units will begin trading on the NYSE on or about
May 10, 2009. Mr. Richard Robert, Executive Vice President and CFO,
commented, "We believe this move to the Big Board is an important
milestone for our organization as the NYSE remains the largest and
most liquid of financial markets. Trading on the NYSE has been one
of our objectives since we began trading a couple of years ago and
we expect this move to greatly enhance our visibility and
credibility with the investment community. In addition, we
anticipate that this change should expand our unitholder base and
provide additional liquidity to potential investors and
unitholders. We believe that both Vanguard and its unitholders will
benefit from this move." About Vanguard Natural Resources, LLC
Vanguard Natural Resources, LLC is a publicly traded limited
liability company focused on the acquisition, production and
development of natural gas and oil properties. The Company's assets
consist primarily of producing and non-producing natural gas and
oil reserves located in the southern portion of the Appalachian
Basin, the Permian Basin, and South Texas. More information on the
Company can be found at http://www.vnrllc.com/. Forward-Looking
Statements We make statements in this news release that are
considered forward-looking statements within the meaning of 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. CONTACT:
Vanguard Natural Resources, LLC Investor Relations Richard Robert,
EVP and CFO, 832-327-2258 DRG&E Jack Lascar/Carol Coale,
713-529-6600 DATASOURCE: Vanguard Natural Resources, LLC CONTACT:
Richard Robert, EVP and CFO of Vanguard Natural Resources, LLC,
+1-832-327-2258; or Jack Lascar or Carol Coale, both of DRG&E,
+1-713-529-6600, for Vanguard Natural Resources, LLC Web Site:
http://www.vnrllc.com/
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