Momentum Players

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BALTIMORE, April 24 /PRNewswire-FirstCall/ -- Constellation Energy Partners LLC (NYSE: CEP) today announced a cash distribution for the quarter ended March 31, 2008 of $0.5625 per outstanding common unit and Class A unit, or $2.25 per unit on an annualized basis. The distribution will be payable on May 15, 2008 to unitholders of record at the close of business on May 8, 2008. No distribution will be made to the Class D unitholder for the same period as distributions to the Class D unitholder have been suspended in connection with the arbitration proceedings surrounding the net profits interest held by Torch Energy Royalty Trust.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Constellation Energy Partners' distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Constellation Energy Partners' distributions to foreign investors are subject to federal income tax withholding at the highest applicable rate.

Constellation Energy Partners LLC (www.constellationenergypartners.com) is a limited liability company focused on the acquisition, development and production of oil and natural gas properties, as well as related midstream assets.

SOURCE Constellation Energy Partners LLC



Source: PR Newswire (April 24, 2008 - 8:03 AM EDT)

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