VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 01/31/12 — FOURTH QUARTER 2011
Report to unit holders for the period ended December 31, 2011
A company focused on investments in North American Oil & Gas production based properties, announced its third distribution to the unit holders for 2011.
Key Highlights
The management on behalf of the General Partner has declared a cash distribution of $307.50 per unit or 6.15% return for the quarter to each investor for the third quarter payout of this project; totalling 13.00% in distributions for three quarters production in 2011. The distribution is payable on January 31, 2012, to unit holders.
Management Commentary
Mehran Ehsan, N.A Energy Resources Corp–s CEO, said: “With a sign of success from both the production increases and the strategic material agreements that the company embarked on, we look at 2012 being yet another year of success for this project and the company as a whole. Not only will we diligently work towards enhancing our production volumes in the years to come, but utilize our creative outside of the box mentality to capture any further revenues that would benefit the partnership thus our investors.”
About ERC
ERC seeks to provide investors current income, as well as long-term capital appreciation potential, by participating in multiple asset valued characteristic properties within the oil and gas industry. ERC seeks to put forward 2-3 limited partnerships with strong set characteristics in various geographical locations for investors to participate.
About Kentucky Petroleum Operating Ltd.
Kentucky Petroleum Operating Ltd. (KPO) is an incorporated entity under the management of N.A Energy Resources Corp. KPO sole responsibility is to be the general partner for the “Kentucky Petroleum Limited Partnership” and associated properties under the LP fund.
ON BEHALF OF THE BOARD
“Mehran Ehsan”, President & Director
Disclaimer: Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to Energy Resources Corp. and Kentucky Petroleum Operating Ltd., the potential reserves, production and ability to establish wells on the Prospect, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the nature of business negotiations, the operational details of oil and gas properties, the competitive environment within the industry, the ability of Energy Resources Corp. and Kentucky Petroleum Operating Ltd. to expand its operations, the level of costs incurred in these expansion efforts, economic conditions in the industry and Energy Resources Corp / Kentucky Petroleum–s financial strength. Energy Resources Corp and Kentucky Petroleum Operating Ltd. do not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Contacts:
N.A Energy Resources Corp.
604-601-8259