Juniper Resources, LLC Announces Partnership with Natural Gas Partners

Juniper Resources, LLC (“Juniper” or the “Company”) today announced the
closing of its private equity financing commitment and partnership with
Natural Gas Partners (“NGP”) through NGP Natural Resources XI, L.P., the
most recent NGP private equity fund focused on natural resources, and
management.

The Dallas, Texas based exploration and production Company is led by CEO
and President Ian Delahunty, former President of TransAtlantic
Petroleum; C.O.O. and Chief Geologist Steven Thibodeaux, former Vice
President and Chief Geologist of Peak Resources I, II, and III; and Matt
Strickler, former Vice President of Land at TransAtlantic Petroleum and
Longfellow Energy.

The three co-founders call the San Juan Basin home and continue to
maintain strong connections to the Four Corners area. Juniper Resources
will focus on proving and developing oil and gas assets within the San
Juan Basin by combining their extensive land and geologic knowledge of
the region with their engineering expertise.

Ian Delahunty, Chief Executive Officer of Juniper, stated, “We are very
pleased to be working with NGP as we grow Juniper and proud to have a
partner group which carries a long history of successful investments in
the oil and gas business. It is an exciting time for newly capitalized
companies and we intend to further our bond with the communities of the
Four Corners area and the San Juan Basin.”

“We have a great opportunity to partner with Ian and the Juniper team.
We look forward to working with them and are excited they selected NGP
to be their partner in this venture,” said Chris Carter, Managing
Partner of NGP.

About NGP

Founded in 1988, Natural Gas Partners (“NGP”) is a family of private
equity investment funds, with approximately $17 billion of cumulative
equity commitments, organized to make investments in the natural
resources sector. NGP is part of the investment platform of NGP Energy
Capital Management, a premier investment franchise in the natural
resources industry. In addition to NGP, NGP Energy Capital Management’s
investment platform includes NGP Global Agribusiness Partners and NGP
Energy Technology Partners.

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