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New Source Energy Partners
NSLP (the “Partnership”), announced Monday that it has acquired oil and
natural gas properties from New Source Energy Corporation, Scintilla,
LLC and W.K. Chernicky, LLC (together, the “Contributors”). The
transaction closed on March 29, 2013, with an effective date of March 1,
2013, and was financed with the issuance of an aggregate 1,378,500
common units representing limited partner interests to the Contributors.
“This transaction marks the Partnership's first acquisition and further
strengthens our asset portfolio for our unit holders,” said Kristian
Kos, President and Chief Executive Officer of New Source Energy GP, LLC,
the general partner of the Partnership (the “General Partner”). “We are
also pleased to be able to finance
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