Constellation Energy Partners (CEP) Reaffirms Quarterly Distribution
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Constellation Energy Partners LLC (NYSE: CEP) reaffirmed its intent to recommend to the Board of Managers maintaining a cash distribution of $0.5625 per outstanding common unit and Class A unit for the quarter ended Sept. 31, 2008, or $2.25 per unit on an annualized basis.
The company reported that its sponsor, Constellation Energy Group, reaffirmed it will continue to provide services to the company as agreed to under the Management Services Agreement. All employees in the operations organization in the field offices and the Tulsa technical office are employees of Constellation Energy Partners.[SM]
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