One-Page Deal Sheet
Vanguard announces ownership exchange of interest in Ariana Energy
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HOUSTON--(BUSINESS WIRE)--Apr. 2, 2012-- Vanguard Natural Resources, LLC (NYSE:VNR) (“Vanguard” or “Company”) announced today that the previously announced exchange of their ownership interest in Ariana Energy, LLC, and Trust Energy Company, LLC, which held the Company’s natural gas and oil assets in the Appalachian Basin for 1.9 million VNR common units closed on March 30, 2012. The agreement was entered into with entities controlled by or affiliated with Majeed S. Nami who was a founding unitholder when the Company went public in October of 2007. Vanguard’s Appalachian assets consisted of…
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