Peak Resources LP Announces Launch of Initial Public Offering

DURANGO, Colo.--(BUSINESS WIRE)--Peak Resources LP (“Peak”) announced today the launch of its initial public offering of 4,700,000 Class A common units representing limited partner interests in Peak (the “Class A common units”). The underwriters will have a 30-day option to purchase up to an additional 705,000 Class A common units at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $13.00 and $15.00 per Class A common unit. The Class A common units being offered to the public represent an approximate 32.3% limited partner interest in Peak, or an approximate 35.4% limited partner interest if the underwriters exercise, in full, their option to purchase additional Class A common units. We have applied to list our Class A common units on the NYSE American under the ticker symbol “PRB.”

Peak intends to use the net proceeds from the initial public offering, if consummated, to pay down debt and for general partnership purposes, including for growth capital.

Janney Montgomery Scott is serving as the lead book-running manager for the offering. Roth Capital Partners and TCBI Securities, Inc., doing business as Texas Capital Securities, are serving as active joint book-running managers and Seaport Global Securities is acting as a co-manager of the offering. The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. When available, a copy of the preliminary prospectus may be obtained from any of the following sources:

Janney Montgomery Scott	Roth Capital Partners	Texas Capital Securities
Attention: Syndicate Department	Attention: Prospectus Department	Attention: Prospectus Department
1717 Arch Street	888 San Clemente Drive	2000 McKinney Avenue
Philadelphia, PA 19103	Newport Beach, CA 92660	Dallas, Texas 75201
Telephone: [phone]	Telephone: [phone]	Telephone: [phone]
Email: [e-mail]	Email: [e-mail]	Email: [e-mail]

Important Information

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov, and search under the registrant’s name “Peak Resources LP.” This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About Peak Resources LP

Peak Resources LP is an independent upstream oil and gas company focused on the development of oil and natural gas in the Powder River Basin in the state of Wyoming.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the words such as “possible,” “if,” “will” and “expect” and contain statements regarding the size, timing or results of the initial public offering. These forward-looking statements represent Peak’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved, and they are subject to risks, uncertainties and other factors, many of which are outside of Peak’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Peak does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Peak to predict all such factors. When considering these forward-looking statements, you should keep in the mind the risk factors and other cautionary statements in the prospectus filed with the SEC in connection with Peak’s initial public offering. The risk factors and other factors noted in Peak’s prospectus could cause its actual results to differ materially from those contained in any forward-looking statement. You are cautioned not to place undue reliance on the forward-looking statements.