CENTENNIAL ENERGY PARTNERS, L.L.C.
TSX : NKO

January 31, 2006 17:03 ET

Centennial Energy Partners, L.L.C.: Advisory

NEW YORK, NEW YORK--(CCNMatthews - Jan. 31, 2006) - Centennial Energy Partners, L.P.(TSX:NKO), Hoyt Farm Partners, L.P., Quadrennial Partners, L.P., Centennial Energy Partners V, L.P., Centennial Energy Partners, L.L.C., and Peter K. Seldin (collectively the "Reporting Persons") announce that they acquired 175,000 common shares of Turnkey E&P Inc. today through the facilities of The Toronto Stock Exchange. Centennial Energy Partners, L.L.C. is the General Partner of Centennial Energy Partners L.P., Hoyt Farm Partners, L.P., Quadrennial Partners, L.P and Centennial Energy Partners V, L.P. Mr. Seldin is the Managing Member of Centennial Energy Partners, L.L.C.

As previously stated, the purchase by the Reporting Persons of common shares of Turnkey E&P Inc. is for the purpose of investment. As a result of their normal course purchases, the Reporting Persons currently own in the aggregate 4,003,400 common shares of Turnkey E&P Inc., representing 16.6% of the issued and outstanding common shares. The Reporting Persons may continue to purchase common shares of Turnkey E&P Inc. for investment purposes, depending on the market conditions for shares of Turnkey E&P Inc. and other factors.

Contact Information

  • Centennial Energy Partners, L.L.C.
    Peter Seldin
    (212) 753-5150