NGP
Capital Resources Company
Announces Appointment of Officers
Houston (BusinessWire) –
December 14, 2005 – NGP
Capital Resources Company (NASDAQ:
NGPC) today announced that its
Board of Directors has appointed
Richard A. Bernardy as Chief Operating
Officer (“COO”) and
Stephen K. Gardner as Chief Financial
Officer (“CFO”) and
Treasurer of the Company, effective
December 8, 2005.
Mr. Bernardy, 43, has served as
Chief Financial Officer, Secretary
and Treasurer of the Company since
its founding in 2004. Mr. Bernardy
will continue to serve as the
Company’s Secretary. Mr.
Bernardy has over twenty years
of corporate finance, commercial
and investment banking and entrepreneurial
management experience in the banking
and energy sectors with M1 Energy
Capital Securities, LLC, Deutsche
Bank and Bank of America.
Mr. Gardner, 45, has served as
the Company’s Director of
Finance since October 2004. Prior
to joining the Company, Mr. Gardner
was Chief Financial Officer of
Dunhill Resources, Inc., a private
exploration and production company
that operated in the Gulf of Mexico.
Mr. Gardner has extensive financial
management and capital markets
transactional experience in the
oil and gas industry, including
three years as Chief Financial
Officer of Mesa Inc., predecessor
to Pioneer Natural Resources.
John Homier, the Company’s
President and CEO said, “These
promotions are part of our ongoing
organic development as a leading
provider of investment capital
to the energy industry. As our
COO, Rich will be focusing on
leading our team to expand our
market presence among companies
seeking capital for acquisition
and development of energy assets.
As our CFO, Steve will handle
our financial management and reporting
as well as continue his duties
for investor relations. We are
delighted to have these individuals
working on behalf of our stockholders.”
About NGP Capital Resources
Company
NGP Capital Resources Company
is a closed-end investment company
that has elected to be treated
as a business development company
under the Investment Company Act
of 1940. The Company's investment
portfolio will be principally
in energy related private companies.
From time to time, the Company
may also invest in public companies
that are not thinly traded. The
Company expects to invest primarily
in senior secured and mezzanine
loans in furtherance of its business
plan and may receive equity investments
in portfolio companies in connection
with such investments. NGP Capital
Resources Company is managed by
NGP Investment Advisor, LP, an
affiliate of NGP Energy Capital
Management. NGP Energy Capital
Management, based in Irving, Texas,
is a leading investment firm with
over $2 billion of cumulative
capital under management serving
all sectors of the energy industry.
This press release contains forward-looking
statements. These forward-looking
statements are subject to various
risks and uncertainties, which
could cause actual results and
conditions to differ materially
from those projected, including
the uncertainties associated with
the timing of transaction closings,
changes in interest rates, availability
of transactions, the future operating
results of our portfolio companies,
changes in regional, national,
or international economic conditions
and their impact on the industries
in which we invest, or changes
in the conditions of the industries
in which we invest, and other
factors enumerated in our filings
with the Securities and Exchange
Commission.
We may use words such as "anticipates,"
"believes," "expects,"
"intends," "will,"
"should," "may"
and similar expressions to identify
forward-looking statements. Undue
reliance should not be placed
on such forward-looking statements
as such statements speak only
as of the date on which they are
made. We do not undertake to update
our forward-looking statements
unless required by law.
Persons considering an investment
in NGP Capital Resources Company
should consider the investment
objectives, risks, and charges
and expenses of the company carefully
before investing. Such information
and other information about the
company will be available in our
annual report on Form 10-K and
in prospectuses we issue from
time to time in connection with
our offering of securities. Such
materials are filed with the SEC
and copies are available on the
SEC’s website, www.sec.gov.
Prospective investors should read
such materials carefully before
investing.
INVESTOR RELATIONS CONTACT:
Steve Gardner (investor_relations@ngpcrc.com),
713-752-0062
Previous
New Releases ++++++++++++++++++++++++++++++