SASKATOON, SK, Oct. 12, 2012 /CNW/ - FNR Energy Limited Partnership (the "Partnership") is pleased to announce a cash distribution of $0.50 per limited partnership unit. The cash distribution will be payable on October 18, 2012 to unitholders of record as at the close of business on October 12, 2012. The cash distribution will be deposited into unitholder accounts with the investment dealers where limited partnership units are held.
The Partnership deployed all of the available funds raised in its initial public offering in three Saskatchewan drilling programs, and as a result the Partnership has an interest in oil and gas production on 12 producing wells. The Partnership's objective is to provide limited partners with: (i) income through distributions of distributable cash; (ii) potential capital appreciation in the assets of the Partnership and potential liquidity through the sale or roll-over of assets; and (iii) certain tax assistance in the form of deductions by participating in the development and production of, and to a lesser extent, the exploration for oil and natural gas.
Additional information about the Partnership is available at www.sedar.com.
SOURCE: FNR Energy Limited Partnership
For further information:
FNR Energy Inc., as general partner of FNR Energy Limited Partnership
President and Chief Executive Officer
306-373-3700 or [email protected]