Priviti Oil & Gas Opportunities Limited Partnership 2013

Priviti Oil & Gas Opportunities Limited Partnership 2013

April 07, 2014 12:51 ET

Priviti Oil & Gas Opportunities Limited Partnership 2013 Announces Second Distribution

CALGARY, ALBERTA--(Marketwired - April 7, 2014) - Priviti Capital Corporation, the Investment Fund Manager for Priviti Oil & Gas Opportunities Limited Partnership 2013 ("POGO 2013" or "the Fund"), is pleased to announce the second distribution to the Fund's limited partners. The Fund will be distributing money back to its unitholders as a result of its investment in Renegade Petroleum Ltd. ("Renegade"), a public company that traded on the TSX under the symbol RPL. POGO 2013 recently sold its investment of RPL in the open market for approximately $1.49/share for a return on investment of 61%. The details of the distribution payment are as follows:

  • Distribution rate - $0.47701442/unit for Class A and Class F units
  • Record date - April 2, 2014
  • Payable date - April 7, 2014

We believe that POGO 2013 is off to a great start with this second distribution, as we have now returned 8.6% of our investor's original investment. Currently the Fund is approximately 60% invested in a portfolio of four private and eleven public companies.

About Priviti Capital Corporation

Priviti Capital Corporation is a Calgary, Alberta based private equity firm that specializes in the private Canadian energy market. We manage a number of private equity funds that invest in quality private energy corporations. For further information, please visit our website at www.priviticapital.com.

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.

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