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New Dawn Energy, LLC and Mineral Resources Partners, LLC.
announce Exploration Agreement in South Louisiana

HOUSTON and THE WOODLANDS, August 6, 2019 – Privately owned oil and gas exploration, and mineral companies New Dawn Energy, LLC (“New Dawn”) and Mineral Resources Partners, LLC. (“MRP”) today announced an agreement to jointly explore and develop certain assets contributed by each company in south Louisiana, targeting unconventional and conventional reservoirs. The development area initially includes ~ 90,000 net mineral acres out of the ~120,000 net mineral acres owned by the companies and additional leased minerals located in Calcasieu and Beauregard Parishes. The companies’ exploration teams have already developed projects within the initial AMI. The parties expect initial development under the agreement to begin during the fourth quarter of 2019.
Dr. Ghasem Bayat, Chief Executive Officer of New Dawn Energy said, “New Dawn is excited to be partnering with MRP a fellow mineral owner, exploration company, and experienced operator. We believe the strategic combination of our respective acreage positions and cooperative interpretation by our geoscience staffs creates an enviable alliance. We expect this agreement to create significant value for both parties and look forward to working with MRP.”
David V. De Marco, Director of Business Development for Mineral Resources Partners, LLC said, “We are delighted to enter into a collaborative relationship with Dr. Bayat and New Dawn. The companies’ close alliance and experienced exploration and production teams have already developed more than 15 projects within the initial AMI, which will be displayed at the upcoming NAPE. The companies’ significant mineral ownership in Louisiana, including 120,000 NMA in the Austin Chalk trend surrounding Masters Creek in Vernon and Allen Parishes, gives us mutual long term goals. We are honored to work with the experienced and results driven team at New Dawn.”

About New Dawn Energy
New Dawn Energy, LLC is a privately owned oil and gas exploration and production company focused on acquiring and developing operated and non-operated assets in major basins in the United States. The company is managed by Dr. Ghasem Bayat, Chief Executive Officer, and Mr. Ehsan Bayat, Executive Vice President of Business Development. New Dawn, through its acquisition of LaBokay Natural Resources in 2017, owns over 270,000 net acres of mineral servitudes in the western parishes of Louisiana, including significant positions in the Saratoga Chalk, Austin Chalk, and Bossier trends. For more information, please visit: www.newdawn.energy and www.labokay.com

About Mineral Resources Partners, LLC. (MRP)
Mineral Resources Partners, LLC. is a privately-owned oil and gas exploration and production company that owns over 550,000 Net Mineral Acres in Texas, Louisiana, Alabama and Georgia.
The company acquires, develops and operates unconventional and conventional oil and gas fields, with its core areas being in the Permian Basin (Spraberry Trend/WolfCamp), East Texas (Haynesville, Petit, Woodbine, Cotton Valley and James Lime) and Louisiana (Austin Chalk, Frio, Cockfield and Wilcox).
MRP was founded in 2016 by Phil Mulacek, Alain Vinson, Eric Urban and David De Marco.
For more information, please visit: www.mineralresourcespartners.com

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Prime Rock Resources and New Dawn Energy Announce Joint

Development Agreement in Louisiana Targeting the Austin Chalk

NEWS PROVIDED BY

Prime Rock Resources 

June 12, 2019

MIDLAND, Texas and HOUSTONJune 12, 2019 /PRNewswire/ — Prime Rock Resources (“Prime Rock”), an upstream portfolio company of Lime Rock Partners, and New Dawn Energy (“New Dawn”), a privately held oil and gas exploration and production company, today announced an agreement to jointly develop certain assets contributed by each company in central Louisiana targeting the emerging Austin Chalk play. The development area covers approximately 120,000 net acres in AllenAvoyellesBeauregardRapides and Vernon Parishes, primarily in the legacy Masters Creek Field.  As part of the agreement, Prime Rock and New Dawn have established an area of mutual interest in which the companies will work together to jointly acquire additional acreage. The parties expect initial development under the agreement to begin during the fourth quarter of 2019.

“Prime Rock is pleased to partner with New Dawn in Masters Creek,” said Manny Sirgo, President and Chief Executive Officer for Prime Rock Resources. “We are excited about the potential benefits of applying modern drilling and completion technology in one of the most prolific legacy Austin Chalk fields in the entire trend. We look forward to working closely with New Dawn to jointly develop these assets.”

Dr. Ghasem Bayat, Executive Vice President for New Dawn Energy said, “New Dawn is excited to be partnering with Prime Rock, a proven operator with a track record of safe, profitable and successful operations. We believe the strategic combination of our respective acreage positions creates one of the premiere positions in the entire trend. We expect this agreement to create significant value for both parties and look forward to working with Prime Rock to jointly develop and grow these assets in the future.”

About Prime Rock Resources
Prime Rock was founded in April 2017 by Manny Sirgo and former members of the Endurance Resources team with equity commitments from Lime Rock Partners and management.  An early mover, Prime Rock has acquired over 100,000 net acres in central Louisiana targeting the emerging Austin Chalk play. The majority of Prime Rock’s acreage is in AllenBeauregardRapides and Vernon Parishes, primarily in the legacy Masters Creek Field. For more information, please visit: www.primerockresources.com

About New Dawn Energy 
New Dawn Energy, LLC is a privately owned oil and gas exploration and production company focused on acquiring and developing operated and non-operated assets in major basins in the United States. The company is managed by Dr. Ghasem Bayat, Executive Vice President of Exploration and Production, and Mr. Ehsan Bayat, Vice President of Acquisitions & Divestitures. New Dawn, through its acquisition of LaBokay Natural Resources in 2017, owns over 270,000 net acres of mineral servitudes in the western parishes of Louisiana, including more than 150,000 net acres in the Austin Chalk trend. For more information, please visit: www.newdawn.energy and www.labokay.com

PRNEWSWIRE PRESS RELEASE