HOUSTON, Feb. 25, 2011 (GLOBE NEWSWIRE) -- NGP Capital Resources Company (NASDAQ: NGPC) (the "Company") today announced that effective as of February 16, 2011, R. Kelly Plato, the Company’s Senior Vice President has been promoted to Chief Investment Officer of the Company’s advisor, NGP Investment Advisor, LP (the "Advisor"). Mr. Plato and Stephen K. Gardner, the Company’s President and Chief Executive Officer, have also been appointed to the Advisor’s Investment Committee. Mr. Plato, 41, who joined the Company in February 2005, began his career as a petroleum engineer with an independent exploration and production company, after which he has spent over twelve years in energy finance. He graduated with a B.S. in Petroleum Engineering from Texas A&M University in 1992 and earned a J.D. from South Texas College of Law in 1996. Mr. Gardner stated, "Kelly and I have worked together side by side for the last six years at NGPC and I am pleased that he is now leading our efforts to grow the Company. Our investment team and process is intact and committed to originating and participating in well-structured, profitable investments in the energy arena."
About NGP Capital Resources Company
NGP Capital Resources Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company's investment portfolio is principally invested in energy related private companies. From time to time, the Company may also invest in public companies. The Company invests primarily in senior secured and mezzanine loans in furtherance of its business plan and in some instances receives equity investments in portfolio companies in connection with such investments. NGP Capital Resources Company is managed by NGP Investment Advisor, LP, an affiliate of NGP Energy Capital Management. NGP Energy Capital Management, based in Irving, Texas, is a leading investment firm with over $9.5 billion of cumulative capital under management since inception, serving all sectors of the energy industry.
Persons considering an investment in NGP Capital Resources Company should consider the investment objectives, risks, and charges and expenses of the Company carefully before investing. Such information and other information about the Company is available in our annual report on Form 10-K, in our quarterly reports on Form 10-Q and in prospectuses we issue from time to time in connection with our offering of securities. Such materials are filed with the SEC and copies are available on the SEC’s website, www.sec.gov. Prospective investors should read such materials carefully before investing.
INVESTMENT CONTACT: Please send investment proposals to: NGP Capital Resources Company, Kelly Plato (email@example.com), Dan Schockling (firstname.lastname@example.org), Hans Hubbard (email@example.com), or Chris Ryals (firstname.lastname@example.org), 713-752-0062.
CONTACT: Steve Gardner (email@example.com), 713-752-0062