NGP Capital Resources Company Announces Third Quarter 2012 Financial Results and Portfolio Activity

NGP Capital Resources Company Announces Third Quarter 2012 Financial Results
and Portfolio Activity

HOUSTON, Nov. 6, 2012 (GLOBE NEWSWIRE) -- NGP Capital Resources Company
(Nasdaq:NGPC) (the "Company") today announced its financial results for the
third quarter of 2012.

Highlights for the quarter ended September 30, 2012:

Net asset value:$207.4 million, or $9.70 per share
Quarterly dividends declared:$0.16 per share

Operating Results:
Total investment income:$6.3 million
Net investment income:$3.4 million, or $0.16 per share
Net realized gain on investments: $1.7 million, or $0.08 per share
Net unrealized gain on investments: $7.1 million, or $0.33 per share
Net increase in net assets resulting from operations:$12.2 million, or $0.57
per share

Portfolio and Investment Activity:
New investments in portfolio securities during the quarter:$75.0 million
Redemption of portfolio securities during the quarter:$21.2 million
Fair value of portfolio investments at September 30, 2012:$213.1 million
Weighted average yield on portfolio investments: 10.1%
Number of portfolio companies at September 30, 2012: 18

Portfolio and Investment Activity

On October 1, 2012, we funded a $6.0 million participation in the Midstates
Petroleum Company, Inc. ("Midstates") $600 million private placement of 10.75%
Senior Unsecured Notes due 2020 (the "Midstates Notes").Proceeds from the
Midstates Notes offering were primarily used to fund Midstates' acquisition of
the assets of Eagle Energy Production, LLC.

During the third quarter of 2012, we invested $75.0 million in new portfolio
investments and received repayment proceeds totaling $21.2 million, including
the sale of $15.0 million face amount of EP Energy, LLC (formerly Everest
Acquisition, LLC) Senior Notes for $16.3 million.This portion of our
investment in EP Energy Senior Notes, which were issued in April 2012,
generated a 46.2% internal rate of return and a return on investment of 1.12x.

At September 30, 2012, our targeted investment portfolio consisted of 18
portfolio companies with an aggregate fair value totaling $213.1 million.The
weighted average yield on portfolio investments (on a cost basis and exclusive
of capital gains or losses) was 10.1%.

On July 3, 2012, we advanced an additional $25.0 million to ATP Oil & Gas
Corporation ("ATP") under our limited-term overriding royalty interest
("ORRI") in certain offshore oil and gas producing properties operated by ATP
in the Gulf of Mexico.As consideration for this additional investment with
ATP, the Company obtained a 5.0% limited-term ORRI in ATP's Telemark
properties, to supplement the 10.8% limited-term ORRI in ATP's Gomez field
properties.ATP filed for protection under Chapter 11 of the U.S. Bankruptcy
Code on August 17, 2012.The bankruptcy judge presiding in the case has
allowed ATP to pay amounts received after August 17, 2012, to ORRI owners and
others, subject to certain conditions, and we began receiving monthly ORRI
distributions from ATP in September.

On July 10, 2012, we acquired $50.0 million of redeemable Preferred Units in a
private oil and gas limited partnership engaged in the acquisition,
exploration and development of oil and natural gas properties in South
Louisiana and the shallow waters of the Gulf of Mexico.The Preferred Units
earn 8% cumulative cash dividends, payable quarterly, plus an additional cash
payment or limited partnership interest distributable upon redemption.

Effective as of July 31, 2012, our Senior Secured Term Loan with Black Pool
Energy Partners, LLC ("Black Pool"), which had a balance of $15.7 million as
of June 30, 2012, was restructured. Huff Energy Holdings, Inc. ("HEH"), a
newly-formed private oil and gas company which merged with Black Pool, agreed
to assume the Term Loan (including accrued and unpaid interest of $0.4
million, which was rolled into the principal balance) and became the new
borrower under the related credit agreement.We retained our first lien on the
original Black Pool properties and were granted a first lien on additional
proved developed properties of certain HEH subsidiaries.In exchange for the
additional collateral, we agreed to reduce the interest rate under the Term
Loan to 11% and to extend the maturity to April 15, 2013.In connection with
the restructuring, we agreed to sell our 3% ORRI in oil and gas wells operated
by Black Pool, as well as penny warrants to purchase approximately 25% of the
membership interests in Black Pool, back to Black Pool for $0.1 million. As a
result of this restructuring, the estimated fair value of our investment in
Black Pool/HEH increased from $9.8 million at June 30, 2012 to $16.2 million
at September 30, 2012.

On September 19, 2012, GMX Resources, Inc. ("GMX") consummated an exchange
offer for its outstanding 5% Senior Convertible Notes due 2013 (the "2013
Notes"), pursuant to which holders tendering the 2013 Notes received new
Senior Secured Second-Priority Notes due 2018 ("the 2018 Notes") and shares of
GMX common stock.We tendered our 2013 Notes in the exchange offer, and
consequently received 2018 Notes with a face value of $12.7 million and
approximately 3.6 million shares of GMX common stock.Interest on the 2018
Notes accrues at a rate of 9% per annum and is payable quarterly commencing
March 2, 2013.As a result of the GMX exchange offer, the estimated fair value
of our investment in GMX increased from $9.6 million at June 30, 2012 to $11.9
million at September 30, 2012.

Operating Results – Three months ended September 30, 2012

Investment income totaled $6.3 million for the quarter ended September 30,
2012, compared to $7.3 million in the corresponding quarter of 2011.The
decrease in 2012 was primarily attributable to the recognition, in the
three-month period ended September 30, 2011, of $2.0 million of interest and
royalty income (including $1.1 million of previously unamortized original
issue discount) from our investment in Alden Resources, LLC, which was sold in
the third quarter of 2011, partially offset by investment income in 2012 from
new investments.

Operating expenses for the third quarter of 2012 were $2.9 million, decreasing
$0.1 million, or 3%, compared to the third quarter of 2011, primarily as a
result of lower base management fees on lower total asset balances and lower
general and administrative expenses, partially offset by higher interest
expenses on increased borrowings.The resulting net investment income was $3.4
million, or $0.16 per share, for the quarter ended September 30, 2012,
compared to $4.3 million, or $0.20 per share, for the quarter ended September
30, 2011.

We recognized net realized capital gains of $1.7 million, or $0.08 per share,
during the three months ended September 30, 2012, resulting from the sale of
$15.0 million face amount of EP Energy, LLC Senior Unsecured Notes at a gain
of $1.3 million, and the sale of our net profits interest tail with Anadarko
Petroleum Corporation for $0.4 million.For the three months ended September
30, 2011, we recognized net realized capital losses of $30.9 million, or $1.43
per share, resulting primarily from the sales or dissolutions of a number of
investments, which were substantially offset by the reversal of previously
recorded net unrealized losses.

During the three months ended September 30, 2012, we recorded $7.1 million, or
$0.33 per share, of net unrealized appreciation on portfolio investments,
largely due to increases in the estimated fair value of our investments in HEH
of $6.0 million and GMX of $2.2 million.Net decreases in the estimated fair
value of remaining investments totaled $1.1 million.For the three months
ended September 30, 2011, the decrease in net unrealized depreciation was
$26.7 million, primarily resulting from the reversals, due to realizations, of
prior period net unrealized losses on investments sold or dissolved in the
third quarter of 2011.

Overall, we had a net increase in net assets resulting from operations of
$12.2 million, or $0.57 per share, for the three months ended September 30,
2012.After declaring dividends during the period of $0.16 per common share,
our net asset value increased from $9.29 per common share as of June 30, 2012
to $9.70 per common share as of September 30, 2012.

Liquidity and Capital Resources

At September 30, 2012, we had cash and cash equivalents totaling $31.9
million.The amount outstanding under our Investment Facility at September 30,
2012 was $37.5 million and an additional $34.4 million was available for
borrowing.We repaid $18 million of the balance outstanding on our Investment
Facility in October 2012.Our available capital for new investment is now
approximately $52 million.In addition, we have a $45 million Treasury
Facility available to invest in U.S. Treasury Bills.As of September 30, 2012,
we had $45.0 million of outstanding indebtedness under the Treasury Facility,
and there was no additional amount available for borrowing.

Conference Call at 11:00 a.m. Eastern Time on November 6, 2012

We invite all interested persons to participate in our conference call on
Tuesday, November 6, 2012 at 11:00 a.m. Eastern Time.The dial-in number for
the call is (877) 303-7617.International callers should dial (760) 666-3609.
We will maintain an audio replay of the call from 2:00 p.m. Eastern Time on
November 6, 2012 through midnight November 9, 2012.The replay dial-in numbers
are (855) 859-2056 in the U.S. and (404) 537-3406 for international
callers.The replay pass code is 49735237.The call will also be accessible
via the internet, on our Investor Relations page at

(In Thousands, Except Share and Per Share Amounts)
                                                   September 30, December 31,
                                                   2012          2011
Investments in portfolio securities at fair value               
Control investments - majority owned                            
(cost: $0 and $0, respectively)                    $--        $150
Affiliate investments                                           
(cost: $38,038 and $36,778, respectively)          13,693       13,498
Non-affiliate investments                                       
(cost: $195,694 and $135,824, respectively)        199,360      131,409
Total portfolio investments                        213,053      145,057
Investments in U.S. Treasury Bills at fair value                 
(cost: $45,994 and $0, respectively)               45,989       --
Total investments                                   259,042      145,057
Cash and cash equivalents                           31,856       106,570
Accounts receivable and other current assets        462          1,442
Interest receivable                                 1,972        792
Prepaid assets                                      2,092        2,720
Total current assets                                36,382       111,524
Total assets                                        $295,424    $256,581
Liabilities and net assets                                       
Current liabilities                                              
Accounts payable and accrued expenses               $952        $739
Management and incentive fees payable               1,127        1,190
Payables for investment securities purchased       --          417
Dividends payable                                   3,421        3,893
Income taxes payable                                54           66
Short-term debt                                     45,000       --
Total current liabilities                           50,554       6,305
Deferred tax liabilities                            3            10
Long-term debt                                      37,500       50,000
Total liabilities                                   88,057       56,315
Commitments and contingencies                                   
Net assets                                                       
Common stock, $.001 par value, 250,000,000 shares                
21,378,173 and 21,628,202, shares issued and        21           22
Paid-in capital in excess of par                    253,849      255,486
Undistributed net investment income (loss)          (304)        (518)
Undistributed net realized capital gain (loss)      (28,629)     (30,286)
Net unrealized appreciation (depreciation) on       (17,570)     (24,438)
Total net assets                                    207,367      200,266
Total liabilities and net assets                    $295,424    $256,581
Net asset value per share                           $9.70       $9.26

(In Thousands, Except Per Share Data)
                         For The Three Months Ended For The Nine Months Ended
                          September 30,             September 30,
                         2012          2011         2012        2011
Investment income                                             
Interest income:                                              
Control investments -     $--        $1,439     $--      $8,605
majority owned
Affiliate investments     451          342         1,260      973
Non-affiliate investments 4,883        4,716       14,167     11,234
Dividend income:                                              
Non-affiliate investments 910          --         910        --
Royalty income, net of                                        
Control investments -     --          515         --        1,195
majority owned
Non-affiliate investments 124          274         432        801
Other income (loss), net  (42)         34          487        126
Total investment income   6,326        7,320       17,256     22,934
Operating expenses                                            
Interest expense and bank 598          377         1,256      1,143
Management and incentive  1,127        1,337       3,275      4,262
Professional fees         272          376         794        811
Insurance expense         180          182         541        547
Other general and         717          761         2,327      2,488
administrative expenses
Total operating expenses  2,894        3,033       8,193      9,251
Income tax provision      30           17          54         35
(benefit), net
Net investment income    3,402        4,270       9,009      13,648
Net realized capital gain                                     
(loss) on investments
Control investments -     --          (32,880)    (36)       (32,798)
majority owned
Non-affiliate investments 1,693        1,986       1,693      2,364
Total net realized
capital gain (loss) on    1,693        (30,894)    1,657      (30,434)
Net unrealized
(depreciation) on
Control investments -     --          27,918      (150)      18,679
majority owned
Affiliate investments     (461)        (229)       (1,066)    (21,766)
Non-affiliate investments 7,596        (1,001)     8,077      281
Benefit (provision) for                                       
taxes on unrealized
(depreciation) on         4            0           7          3
Total net unrealized
on investments            7,139        26,688      6,868      (2,803)
Net increase (decrease)                                       
in net assets resulting
from operations           $12,234     $64        $17,534   $(19,589)
Net increase (decrease)                                       
in net assets resulting
from operations per       $0.57       $0.00      $0.82     $(0.91)
common share
Dividends declared per    $0.16       $0.18      $0.41     $0.54
common share
Weighted average shares
outstanding - basic and   21,378       21,628      21,507     21,628
                         For The Three Months Ended For The Nine Months Ended
                          September 30,             September 30,
Per Share Data (1)        2012          2011         2012        2011
Net asset value,          $9.29       $9.63      $9.26     $10.90
beginning of period
Net investment income    0.16         0.20        0.42       0.63
Net realized and
unrealized gain (loss) on 0.41         (0.20)      0.40       (1.54)
Net increase (decrease)
in net assets resulting                                       
operations                0.57         --         0.82       (0.91)
Dividends declared        (0.16)       (0.18)      (0.41)     (0.54)
Other (2)                 --          --         0.03       --
Net asset value, end of   $9.70       $9.45      $9.70     $9.45
(1) Per Share Data is based on weighted average number of common shares
outstanding for the period.
(2) Represents the impact of common stock repurchases.

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.We principally invest in
private companies and from time to time, we may also invest in public
companies.We invest primarily in senior secured and mezzanine loans according
to our business plan and in some instances receive equity interests in
portfolio companies in connection with such investments.Our manager is NGP
Investment Advisor, LP, an affiliate of NGP Energy Capital Management, L.L.C.
("NGP ECM").Founded in 1988, NGP ECM is a premier investment franchise in the
natural resources industry, which together with its affiliates has managed $13
billion in cumulative committed capital since inception.

The NGP Capital Resources Company logo is available at

Forward-Looking Statements

This press release may contain forward-looking statements.We may use words
such as "anticipates," "believes," "intends," "plans," "expects," "projects,"
"estimates," "will," "should," "may" and similar expressions to identify
forward-looking statements.These forward-looking statements are subject to
various risks and uncertainties.Certain factors could cause actual results
and conditions to differ materially from those projected, including the
uncertainties associated with the timing of transaction closings, changes in
interest rates, availability of transactions, the future operating results of
our portfolio companies, regulatory factors, changes in regional, national, or
internationaleconomic conditions and their impact on the industries in which
we invest, other changes in the conditions of the industries in which we
invest and other factors enumerated in our filings with the Securities and
Exchange Commission (the "SEC").

You should not place undue reliance on such forward-looking statements, which
speak only as of the date they are made.We undertake no obligation to update
our forward-looking statements made herein, unless required by law.

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 us 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,, and in the
Investor Relations section of our website at
investors should read such materials carefully before investing.

         Please send investment proposals to:
         NGP Capital Resources Company 713-752-0062
         Steve Gardner (,
         Michael Brown (,
         Hans Hubbard (, or
         Chris Ryals (
         L. Scott Biar (, 713-752-0062.

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