Black Diamond Minerals has equity commitments of over $55 million from Natural Gas Partners and company management. Additionally, our company has secured a $150 million revolving line of credit with Bank of America as lead arranger.

Our equity provider

Natural Gas Partners was founded in 1988, and is an affiliate of NGP Energy Capital Management, LLC – a $9.3 billion firm based in Irving, Texas that invests in all sectors of the energy industry. Natural Gas Partners manages over $7.2 billion in a family of funds that invests private equity capital in oil and gas production and in midstream and oilfield service companies. Natural Gas Partners also manages $350 million in two co-investment funds that invest in direct oil and gas property interests, in conjunction with NGP portfolio companies.

Our bank lender

Black Diamond Minerals is pleased to be associated with a leading lender in the energy business, Bank of America. Bank of America has provided financial advisory and support to the energy and power sectors for over 70 years and has over 200 active relationships -- with $20 billion in capital committed to the industry, and $120 billion in debt and equity capital raised, since 2005.

In May 2008, Black Diamond Minerals and Bank of America, as lead arranger, closed on a $150 million revolving credit facility with periodic borrowing base redeterminations (for general company working capital and operational funding needs).