Lead Real Estate Co., Ltd. Announces Business Alliance Agreement with Samurai Capital Co., Ltd.
- TOKYO, Japan, June 25, 2024 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd. (Nasdaq: LRE) (“LRE” or “the Company”), a Japanese real estate developer of luxury residential properties including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, today announced that it has entered into a business alliance agreement with Samurai Capital Co., Ltd. an ESG-conscious real estate investment company also based in Tokyo.
- 06/25/2024
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Lead Real Estate Co., Ltd Announces Cash Dividend Payable Sept. 30, 2024
- TOKYO, Japan, June 24, 2024 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or “the Company”), a Japanese real estate developer of luxury residential properties including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, today announced that, on June 18, 2024, the Company's Board of Directors approved a special cash dividend, payable on or about September 30, 2024, to all shareholders of record as of June 30, 2024 (Japan Standard Time), with an American depositary receipt record date of June 28, 2024 (Eastern Time).
- 06/24/2024
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Lead Real Estate Co., Ltd Announces Voluntary Lock-up Restrictions for Management and Senior Officers
- New Agreements underscore Company's commitment to long-term growth strategy and maximizing shareholder value New Agreements underscore Company's commitment to long-term growth strategy and maximizing shareholder value
- 06/21/2024
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Lead Real Estate Co., Ltd Announces Sale of 14-unit Luxury Condominium in Tokyo
- TOKYO, May 22, 2024 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo, today announced that on May 9, 2024, it completed the sale and delivery of a newly built single luxury income-producing condominium.
- 05/22/2024
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Lead Real Estate Co., Ltd. to Participate in Nasdaq Japan IR Event on June 20, 2024
- TOKYO, May 20, 2024 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd. (Nasdaq: LRE), a Japanese real estate developer of luxury residential properties including single-family homes and condominiums across Tokyo, Kanagawa prefecture, and Sapporo, today announced it will participate in the NASDAQ JAPAN IR EVENT on June 20, 2024, at the Nasdaq MarketSite headquarters in New York City.
- 05/20/2024
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Lead Real Estate Co., Ltd.: Invitation to EF Hutton Annual Global Conference
- Tokyo, Japan--(Newsfile Corp. - May 8, 2024) - Lead Real Estate Co., Ltd. (NASDAQ: LRE), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo, will be participating in the EF Hutton Annual Global Conference, which will take place on May 15, 2024 at The Plaza Hotel in New York.
- 05/08/2024
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Lead Real Estate Co., Ltd ENT TERRACE AKIHABARA Hotel Recognized for Booking.com's Traveller Review Awards 2024
- TOKYO, April 08, 2024 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or the “Company”), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo, today announced that Booking.com had awarded the Company the Traveller Review Award 2024 for the ENT TERRACE AKIHABARA Hotel, with a rating of 9.5 out of 10.
- 04/08/2024
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Lead Real Estate Co., Ltd Announces Contracts to Build Three Luxury Family Hotels
- Tokyo, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or the “Company”), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture and Sapporo, today announced the receipt of contracts to construct three luxury family type hotels in Japan.
- 02/07/2024
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Lead Real Estate Co., Ltd Reports Positive Response from Buyers at Shanghai Luxury Property Show
- Tokyo, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or the “Company”), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture and Sapporo, today reported that the Company received a strong attendee turnout in its exhibit booth at the Shanghai Luxury Property Show Real Estate Exhibition held in China from December 8 to December 10, 2023 (the “Shanghai LPS”).
- 01/03/2024
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Lead Real Estate Co., Ltd Announces Sale of 17-unit Luxury Condominium in Tokyo
- Tokyo, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (the “Company”), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo, today announced that, on November 28, 2023, it completed the sale and delivery of a newly built single luxury income-producing condominium.
- 12/06/2023
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Lead Real Estate Co., Ltd Reports Fiscal 2023 Year-end Financial Results
- Tokyo, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or the “Company”), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo, today announced its financial results for the fiscal year ended June 30, 2023.
- 11/21/2023
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U.S. IPO Weekly Recap: Holdover Adlai Nortye Leads 4 IPO Week As More Small Deals Enter The Pipeline
- The third quarter wrapped up with four IPOs and eight pipeline additions. Eight issuers submitted initial filings this past week. The October IPO market looks like it will be off to a quiet start, with no IPOs currently scheduled for the week ahead.
- 09/30/2023
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Lead Real Estate Co., Ltd Announces Closing of Initial Public Offering
- Tokyo, Japan, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd ( the “Company,” Nasdaq: LRE), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture, announced today the closing of its previously announced initial public offering (the “Offering”) of 1,143,000 American Depositary Shares (“ADSs”) at a price of $7.00 per ADS to the public for a total of $8,001,000 of gross proceeds to the Company, before deducting underwriting discounts and offering expenses. Each ADS represents one ordinary share of the Company. The Company has granted a 45-day option to the underwriters to purchase up to 171,450 additional ADSs, representing 15% of the ADSs sold in this Offering, solely to cover over-allotments, if any, less the underwriting discount. The ADSs began trading on the Nasdaq Global Market on September 27, 2023 under the symbol "LRE."
- 09/29/2023
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Lead Real Estate Co., Ltd Announces Pricing of Initial Public Offering
- Tokyo, Japan, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (the “Company,” Expected Nasdaq Ticker Symbol: LRE), a growing Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture, today announced the pricing of its initial public offering (the “Offering”) of 1,143,000 American Depositary Shares (“ADSs”) at a public offering price of $7.00 per ADS for a total of $8,001,000 of gross proceeds to the Company, before deducting underwriting discounts and offering expenses. Each ADS represents one ordinary share of the Company.
- 09/26/2023
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LRR Energy, L.P. Announces Reduced Quarterly Cash Distribution and
Conference Call to Report First Quarter 2015 Results
- HOUSTON--(BUSINESS WIRE)--LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the Board of Directors of its general partner declared a cash distribution for the first quarter of 2015 of $0.1875 per outstanding unit, or $0.75 on an annualized basis. The distribution will be paid on May 15, 2015, to all unitholders of record as of the close of business on May 1, 2015. The distribution represents a 62% reduction from LRR Energy’s last quarterly distribution which was $0.4975 per outstanding unit, or $1.99 on an annualized basis. Earnings Conference Call LRR Energy will provide the details of its first quarter of 2015 operating and financial performance with its earnings report, which is scheduled to be released on Thursday, April 30, 2015, after the close of NYSE trading. Following the issuance of the earnings report, management will host a conference call on Friday, May 1, 2015, at 10:00 a.m. eastern time (9:00 a.m. central time). Interested parties are invited to participate in the call by dialing 1-877-493-8071 (conference ID: 24969257). It is recommended that participants dial in approximately 10 minutes prior to the start of the conference call. Participants may access the webcast from LRR Energy’s website, www.lrrenergy.com, under the tab for "Investor Relations." A telephonic replay will be available after the call through May 15, 2015. Participants may access this replay by dialing 1-800-585-8367 (conference ID: 24969257). About LRR Energy, L.P. LRR Energy is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy's properties are located in the Permian Basin region in West Texas and Southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas. Forward-Looking Statements This press release includes "forward-looking statements" — that is, statements related to future events. Forward-looking statements are based on the current expectations of LRR Energy and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business, operational and financial performance, and often contain words such as "may," "predict," "pursue," "expect," "estimate," "project," "plan," "believe," "intend," "achievable," "anticipate," "target," "continue," "potential," "should," "could" and other similar words. Forward-looking statements involve certain risks and uncertainties, and ultimately may not prove to be accurate. These risks and uncertainties include, among other things, the risk that oil, natural gas or NGL prices will remain at current levels for a prolonged period or decline further, the risk and uncertainties involved in producing oil and natural gas, competition in the oil and natural gas industry, governmental regulations and other factors. Actual results and future events could differ materially from those anticipated or implied in the forward-looking statements due to the factors described under the captions "Risk Factors" in LRR Energy's Annual Report on Form 10-K for the year ended December 31, 2014 and LRR Energy's subsequent filings with the SEC. All forward-looking statements speak only as of the date of this press release. LRR Energy does not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise. All forward-looking statements are qualified in their entirety by this cautionary statement. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that one hundred percent (100.0%) of LRR Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of LRR Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not LRR Energy, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
- 04/20/2015
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LRR Energy, L.P. Announces Quarterly Cash Distribution and Conference
Call to Report Fourth Quarter 2014 Results
- HOUSTON--(BUSINESS WIRE)--LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the Board of Directors of its general partner declared a cash distribution for the fourth quarter of 2014 of $0.4975 per outstanding unit, or $1.99 on an annualized basis. The distribution will be paid on February 13, 2015, to all unitholders of record as of the close of business on January 30, 2015. Notwithstanding that we are maintaining our current distribution rate for the fourth quarter of 2014, our Board of Directors will consider reducing our distribution per unit during 2015 if current market conditions persist. Earnings Conference Call LRR Energy will provide the details of its fourth quarter of 2014 operating and financial performance with its earnings report, which is scheduled to be released on Tuesday, March 3, 2015, after the close of NYSE trading. Following the issuance of the earnings report, management will host a conference call on Wednesday, March 4, 2015, at 10:00 a.m. eastern time (9:00 a.m. central time). Interested parties are invited to participate in the call by dialing 1-877-493-8071 (conference ID: 70811704). It is recommended that participants dial in approximately 10 minutes prior to the start of the conference call. Participants may access the webcast from LRR Energy’s website, www.lrrenergy.com, under the tab for "Investor Relations." A telephonic replay will be available after the call through March 18, 2015. Participants may access this replay by dialing 1-800-585-8367 (conference ID: 70811704). About LRR Energy, L.P. LRR Energy is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy's properties are located in the Permian Basin region in West Texas and Southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas. Forward-Looking Statements This press release includes "forward-looking statements" — that is, statements related to future events. Forward-looking statements are based on the current expectations of LRR Energy and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "may," "predict," "pursue," "expect," "estimate," "project," "plan," "believe," "intend," "achievable," "anticipate," "target," "continue," "potential," "should," "could" and other similar words. Forward-looking statements involve certain risks and uncertainties, and ultimately may not prove to be accurate. These risks and uncertainties include, among other things, a decline in oil, natural gas or NGL prices, the risk and uncertainties involved in producing oil and natural gas, competition in the oil and natural gas industry, governmental regulations and other factors. Actual results could differ materially from those anticipated or implied in the forward-looking statements due to the factors described under the captions "Risk Factors" in LRR Energy's Annual Report on Form 10-K for the year ended December 31, 2013 and LRR Energy's subsequent filings with the SEC. All forward-looking statements speak only as of the date of this press release. LRR Energy does not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise. All forward-looking statements are qualified in their entirety by this cautionary statement. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that one hundred percent (100.0%) of LRR Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of LRR Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not LRR Energy, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
- 01/20/2015
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LRR Energy, L.P. Announces Increased Quarterly Cash Distribution and
Conference Call to Report Third Quarter 2014 Results
- HOUSTON--(BUSINESS WIRE)--LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the Board of Directors of its general partner declared an increased cash distribution for the third quarter of 2014 of $0.4975 per outstanding unit, or $1.99 on an annualized basis. The distribution will be paid on November 14, 2014, to all unitholders of record as of the close of business on October 31, 2014. The declaration represents the ninth consecutive increase to LRR Energy’s quarterly distribution. Earnings Conference Call LRR Energy will provide the details of its third quarter of 2014 operating and financial performance with its earnings report, which is scheduled to be released on Thursday, October 30, 2014, after the close of NYSE trading. Following the issuance of the earnings report, management will host a conference call on Friday, October 31, 2014, at 10:00 a.m. eastern time (9:00 a.m. central time). Interested parties are invited to participate in the call by dialing 1-877-493-8071 (conference ID: 14656771). It is recommended that participants dial in approximately 10 minutes prior to the start of the conference call. Participants may access the webcast from LRR Energy’s website, www.lrrenergy.com, under the tab for "Investor Relations." A telephonic replay will be available after the call through November 14, 2014. Participants may access this replay by dialing 1-800-585-8367 (conference ID: 14656771). About LRR Energy, L.P. LRR Energy is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy's properties are located in the Permian Basin region in West Texas and Southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas. Forward-Looking Statements This press release includes "forward-looking statements" — that is, statements related to future events. Forward-looking statements are based on the current expectations of LRR Energy and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "may," "predict," "pursue," "expect," "estimate," "project," "plan," "believe," "intend," "achievable," "anticipate," "target," "continue," "potential," "should," "could" and other similar words. Forward-looking statements involve certain risks and uncertainties, and ultimately may not prove to be accurate. These risks and uncertainties include, among other things, a decline in oil, natural gas or NGL prices, the risk and uncertainties involved in producing oil and natural gas, competition in the oil and natural gas industry, governmental regulations and other factors. Actual results could differ materially from those anticipated or implied in the forward-looking statements due to the factors described under the captions "Risk Factors" in LRR Energy's Annual Report on Form 10-K for the year ended December 31, 2013 and LRR Energy's subsequent filings with the SEC. All forward-looking statements speak only as of the date of this press release. LRR Energy does not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise. All forward-looking statements are qualified in their entirety by this cautionary statement. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that one hundred percent (100.0%) of LRR Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of LRR Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not LRR Energy, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
- 10/17/2014
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LRR Energy, L.P. Announces Increased Quarterly Cash Distribution and
Conference Call to Report Second Quarter 2014 Results
- HOUSTON--(BUSINESS WIRE)--LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the Board of Directors of its general partner declared an increased cash distribution for the second quarter of 2014 of $0.4950 per outstanding unit, or $1.98 on an annualized basis. The distribution will be paid on August 14, 2014, to all unitholders of record as of the close of business on July 31, 2014. The declaration represents the eighth consecutive increase to LRR Energy’s quarterly distribution. Earnings Conference Call LRR Energy will provide the details of its second quarter of 2014 operating and financial performance with its earnings report, which is scheduled to be released on Thursday, July 31, 2014, after the close of NYSE trading. Following the issuance of the earnings report, management will host a conference call on Friday, August 1, 2014, at 10:00 a.m. eastern time (9:00 a.m. central time). Interested parties are invited to participate in the call by dialing 1-877-493-8071 (conference ID: 72753683). It is recommended that participants dial in approximately 10 minutes prior to the start of the conference call. Participants may access the webcast from LRR Energy’s website, www.lrrenergy.com, under the tab for "Investor Relations." A telephonic replay will be available after the call through August 14, 2014. Participants may access this replay by dialing 1-800-585-8367 (conference ID: 72753683). About LRR Energy, L.P. LRR Energy is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy's properties are located in the Permian Basin region in West Texas and southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas. Forward-Looking Statements This press release includes "forward-looking statements" — that is, statements related to future events. Forward-looking statements are based on the current expectations of LRR Energy and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "may," "predict," "pursue," "expect," "estimate," "project," "plan," "believe," "intend," "achievable," "anticipate," "target," "continue," "potential," "should," "could" and other similar words. Forward-looking statements involve certain risks and uncertainties, and ultimately may not prove to be accurate. These risks and uncertainties include, among other things, a decline in oil, natural gas or NGL prices, the risk and uncertainties involved in producing oil and natural gas, competition in the oil and natural gas industry, governmental regulations and other factors. Actual results could differ materially from those anticipated or implied in the forward-looking statements due to the factors described under the captions "Risk Factors" in LRR Energy's Annual Report on Form 10-K for the year ended December 31, 2013 and LRR Energy's subsequent filings with the SEC. All forward-looking statements speak only as of the date of this press release. LRR Energy does not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise. All forward-looking statements are qualified in their entirety by this cautionary statement. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that one hundred percent (100.0%) of LRR Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of LRR Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not LRR Energy, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
- 07/18/2014
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LRR Energy, L.P. Announces Increased Quarterly Cash Distribution and
Conference Call to Report First Quarter 2014 Results
- HOUSTON--(BUSINESS WIRE)--LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the Board of Directors of its general partner declared an increased cash distribution for the first quarter of 2014 of $0.4925 per outstanding unit, or $1.97 on an annualized basis. The distribution will be paid on May 15, 2014, to all unitholders of record as of the close of business on April 30, 2014. The declaration represents the seventh consecutive increase to LRR Energy’s quarterly distribution. Earnings Conference Call LRR Energy will provide the details of its first quarter of 2014 operating and financial performance with its earnings report, which is scheduled to be released on Thursday, May 1, 2014, after the close of NYSE trading. Following the issuance of the earnings report, management will host a conference call on Friday, May 2, 2014, at 11:30 a.m. eastern time (10:30 a.m. central time). Interested parties are invited to participate in the call by dialing 1-877-493-8071 (conference ID: 24933493). It is recommended that participants dial in approximately 10 minutes prior to the start of the conference call. Participants may access the webcast from LRR Energy’s website, www.lrrenergy.com, under the tab for "Investor Relations." A telephonic replay will be available after the call through May 15, 2014. Participants may access this replay by dialing 1-800-585-8367 (conference ID: 24933493). About LRR Energy, L.P. LRR Energy is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy's properties are located in the Permian Basin region in West Texas and southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas. Forward-Looking Statements This press release includes "forward-looking statements" — that is, statements related to future events. Forward-looking statements are based on the current expectations of LRR Energy and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "may," "predict," "pursue," "expect," "estimate," "project," "plan," "believe," "intend," "achievable," "anticipate," "target," "continue," "potential," "should," "could" and other similar words. Forward-looking statements involve certain risks and uncertainties, and ultimately may not prove to be accurate. These risks and uncertainties include, among other things, a decline in oil, natural gas or NGL prices, the risk and uncertainties involved in producing oil and natural gas, competition in the oil and natural gas industry, governmental regulations and other factors. Actual results could differ materially from those anticipated or implied in the forward-looking statements due to the factors described under the captions "Risk Factors" in LRR Energy's Annual Report on Form 10-K for the year ended December 31, 2013 and LRR Energy's subsequent filings with the SEC. All forward-looking statements speak only as of the date of this press release. LRR Energy does not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise. All forward-looking statements are qualified in their entirety by this cautionary statement. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that one hundred percent (100.0%) of LRR Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of LRR Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not LRR Energy, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
- 04/17/2014
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LRR Energy, L.P. Announces Increased Quarterly Cash Distribution and
Conference Call to Report Fourth Quarter 2013 Results
- HOUSTON--(BUSINESS WIRE)--LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the Board of Directors of its general partner declared an increased cash distribution for the fourth quarter of 2013 of $0.4900 per outstanding unit, or $1.96 on an annualized basis. The distribution will be paid on February 14, 2014, to all unitholders of record as of the close of business on January 31, 2014. Earnings Conference Call LRR Energy will provide the details of its fourth quarter of 2013 operating and financial performance with its earnings report, which is scheduled to be released on Wednesday, March 5, 2014, after the close of NYSE trading. Following the issuance of the earnings report, management will host a conference call on Thursday, March 6, 2014, at 10:00 a.m. eastern time (9:00 a.m. central time). Interested parties are invited to participate in the call by dialing 1-877-493-8071 (conference ID: 35537678). It is recommended that participants dial in approximately 10 minutes prior to the start of the conference call. Participants may access the webcast from LRR Energy’s website, www.lrrenergy.com, under the tab for "Investor Relations." A telephonic replay will be available after the call through March 19, 2014. Participants may access this replay by dialing 1-800-585-8367 (conference ID: 35537678). About LRR Energy, L.P. LRR Energy is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy's properties are located in the Permian Basin region in West Texas and southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas. Forward-Looking Statements This press release includes "forward-looking statements" — that is, statements related to future events. Forward-looking statements are based on the current expectations of LRR Energy and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "may," "predict," "pursue," "expect," "estimate," "project," "plan," "believe," "intend," "achievable," "anticipate," "target," "continue," "potential," "should," "could" and other similar words. Actual results and future events could differ materially from those anticipated or implied in such statements. Forward-looking statements involve certain risks and uncertainties, and ultimately may not prove to be accurate. These risks and uncertainties include, among other things, a decline in oil, natural gas or NGL prices, the risk and uncertainties involved in producing oil and natural gas, competition in the oil and natural gas industry, governmental regulations and other factors. Actual results could differ materially from those anticipated or implied in the forward-looking statements due to the factors described under the captions "Risk Factors" in LRR Energy's Annual Report on Form 10-K for the year ended December 31, 2012 and LRR Energy's subsequent filings with the SEC. All forward-looking statements speak only as of the date of this press release. LRR Energy does not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise. All forward-looking statements are qualified in their entirety by this cautionary statement. This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that one hundred percent (100.0%) of LRR Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of LRR Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not LRR Energy, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
- 01/17/2014
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