Noble Royalties Closes $10.34 Million, 2,100 Producing Well Royalty Acquisition

ADDISON, Texas, March 2, 2012 /PRNewswire/ -- Noble Royalties has closed the purchase of producing oil and natural gas royalties from more than 2,100 wells in 75 counties and 8 states for $10.34 million from an undisclosed seller. The 30% oil, 50% natural gas and 20% Natural Gas Liquids acquisition provides current cash flow from oil, natural gas and natural gas liquids production.

The effective date of the acquisition is February 1, 2012.

About Noble Royalties, Inc.

Noble Royalties, Inc. is one of the nation's largest private purchasers of oil and natural gas royalties. Founded in 1997 by President and CEO Scott Noble, the company has since acquired more than $1.5 billion in mineral, royalty and overriding royalty interests in 30 states across more than 9,000,000 acres. With corporate headquarters in Dallas and an engineering and evaluation office in Houston and acquisition offices in Denver, CO and Cuero, TX, Noble Royalties is dedicated to providing royalty owners with a cash option to maximize the value of their holdings.

Noble Royalties does not provide investment, tax or legal advice with respect to any investment opportunity discussed or mentioned in this document.  This material does not constitute an offer or a solicitation to purchase any investment. All potential investors must consult their FINRA register broker dealer and must read the Confidential Private Placement Memorandum. No person may invest without acknowledging receipt and complete review of the PPM including the "Risk Factor:" section. Under no circumstance is the information contained within this document to be used or considered as an offer to buy or sell or a solicitation of an offer to buy or sell any particular investment.

SOURCE Noble Royalties, Inc.