Breitburn Energy Partners Announces Trading to Begin on the OTC Market

Breitburn Energy Partners LP (NASDAQ: BBEP) today announced that its
securities are expected to begin trading on the OTC Pink Sheets
marketplace on Wednesday, May 25, 2016, under the symbol “BBEPQ” for its
common units and “BBEPP” for its Series A Cumulative Perpetual Preferred
units.

Previously, on May 18^th, Breitburn filed a report with the
Securities and Exchange Commission that trading of its common units and
Series A units would be suspended by NASDAQ at the open of the market on
May 25, 2016, and that NASDAQ would file a Form 25-NSE with the SEC to
remove the company’s securities from listing and registration on NASDAQ.
Breitburn does not intend to file a plan to regain compliance or to
appeal NASDAQ's determination.

Despite the transition of Breitburn’s common units and Series A units to
the OTC Pink Sheets, there is no assurance that either security will
continue to trade on the OTC Pink Sheets, that any public market for
Breitburn’s common units or Series A units will exist in the future or
that Breitburn will be able to relist its common units or Series A units
on any national securities exchange. In addition, there is no assurance
that any broker-dealer will continue to agree to provide public quotes
of Breitburn’s common units or Series A preferred units or whether the
trading volume of either security will be sufficient to provide for an
efficient trading market.

About Breitburn Energy Partners LP

Breitburn Energy Partners LP is an independent oil and gas master
limited partnership focused on the acquisition, development, and
production of oil and gas properties throughout the United States.
Breitburn’s producing and non-producing crude oil and natural gas
reserves are located in Ark-La-Tex; the Midwest; the Permian Basin; the
Mid-Continent; the Rockies; the Southeast; and California. See www.breitburn.com
for more information.

Cautionary Statement Regarding Forward-Looking
Information

This press release contains forward-looking statements that relate to
future results and events that are not facts and constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on Breitburn’s current expectations, estimates and assumptions
and, as such, involve certain risks and uncertainties. The ability of
Breitburn to predict results or the actual effects of its plans and
strategies is subject to inherent uncertainty. Actual results and events
in future periods may differ materially from those expressed or implied
by these forward-looking statements because of a number of risks,
uncertainties and other factors. All statements other than statements of
historical fact, including statements containing the words “intends,”
“believes,” “expects,” “will be,” and similar expressions, are
statements that could be deemed to be forward-looking statements. In
addition, the forward-looking statements represent Breitburn’s views as
of the date as of which they were made. Breitburn anticipates that
subsequent events and developments may cause its views to change.
However, although Breitburn may elect to update these forward-looking
statements at some point in the future, it specifically disclaims any
obligation to do so. These forward-looking statements should not be
relied upon as representing Breitburn’s views as of any date subsequent
to the date hereof. Additional factors that may cause results to differ
materially from those described in the forward-looking statements are
set forth in Breitburn’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2016, which was filed with the Securities and
Exchange Commission on February 26, 2016, under the headings “Risk
Factors” and “Cautionary Statement Regarding Forward-Looking
Information,” as well as subsequent reports on Form 10-Q. Additional
risks include, but are not limited to, those associated with Breitburn’s
filing for relief under chapter 11 of the Bankruptcy Code.

BBEP-IR

View source version on businesswire.com: http://www.businesswire.com/news/home/20160524006736/en/

News by QuoteMedia

www.quotemedia.com