Inflection Energy Receives Equity Investment from Noble Group

DENVER, June 19, 2012 /PRNewswire/ -- Inflection Energy LLC, an independent oil and gas exploration and production company, announced today that it received an equity investment led by Noble Group (SGX: N21), a leading global supply chain manager of bulk commodities.  Inflection Energy is focused on the development and production of Marcellus Shale natural gas resources in Pennsylvania and New York.  Existing investors Bregal Energy (formerly Good Energies Capital) and Hexagon also participated in the round that will fund a drilling program in Pennsylvania and support company growth activities.

"This investment from Noble Group represents a strategic milestone for Inflection Energy that sets the company on a clear path of long-term growth," said Mark Sexton, Chairman and Chief Executive Officer of Inflection. "With domain expertise in natural gas marketing and trading, Noble Group will prove to be a valuable strategic partner for Inflection Energy as we commence our drilling activities and optimize our natural gas sales." 

Noble Group's investment was made through its natural gas and power subsidiary, Noble Americas Gas & Power Corp. (NAGP).  In addition, Inflection Energy executed long-dated gas marketing and hedging agreements with NAGP.  "We are delighted to be partnering with Inflection Energy whose focused vision, attractive acreage, and strong technical expertise provides promising growth prospects," said Brian Falik, Managing Director of NAGP.  In addition, "Noble Group shares Inflection Energy's commitment to the responsible development of natural gas resources and the opportunity to economically strengthen our local communities."

About Inflection Energy

Privately-held Inflection Energy LLC, with offices in Denver, Pittsburgh and Williamsport, was founded in 2008, and is focused on the exploration and development of natural gas opportunities in the Appalachian region. The Inflection Energy team is committed to protecting the environment and in minimizing surface disturbance when conducting natural gas activities on royalty owners' lands. Inflection Energy meets or exceeds best-in-class standards when drilling and completing its wells, and highly values the company's relationships with landowners and communities, who are its partners in the efficient and orderly development of their natural resources.

About Noble Group

Noble Americas Gas & Power Corp., a subsidiary of the Noble Group (SGX: N21) which manages the global supply chain of agricultural and energy products, metals and minerals. Noble operates from over 140 locations, employing more than 70 nationalities. Noble manages a diversified portfolio of essential raw materials, integrating the sourcing, marketing, processing, financing and transportation of those materials. Noble owns and manages a portfolio of strategic assets, sourcing from low cost producers such as Brazil, Argentina, Australia and Indonesia and supplying to high growth demand markets including China, India and the Middle East. Today, Noble has interests in grain crushing facilities, coal and iron ore mines, fuel terminals and storage facilities, sugar and ethanol plants, ports, vessels and other key infrastructure facilities.

SOURCE Inflection Energy LLC