Natural Gas Partners Invests In Triangle Petroleum
August 1, 2012
Triangle Petroleum Corporation (NYSE MKT:TPLM) announced an investment by Natural Gas Partners ("NGP"), an Irving, Texas based private equity firm, a revised capital expenditure program and provided an operational update including operated well results and RockPile Energy Services developments.
Financial Update
• Natural Gas Partners purchased, through its recently closed fund, NGP Natural Resources X, L.P., $120 million of Convertible Notes (the "Notes")
o Convertible into Triangle common stock at a conversion price of $8.00 per share; full conversion of the Notes is subject to stockholder approval under NYSE MKT ...
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