Constellation Energy Partners Borrowing Base Set at $55 Million

  Constellation Energy Partners Borrowing Base Set at $55 Million

Business Wire

HOUSTON -- December 2, 2013

Constellation Energy Partners LLC (NYSE MKT: CEP) today reported that its
lenders have completed a semi-annual review of the company’s borrowing base
pursuant to the terms of its reserve-based credit facility. Based on this
review and the ongoing PostRock Litigation, the borrowing base has been set by
the lenders at $55 million.

Borrowings outstanding under the company’s reserve-based credit facility
currently total $50.7 million, leaving the company with $4.3 million in
borrowing capacity.

Additional details concerning the company’s reserve-based credit facility and
the PostRock Litigation can be found in the company’s filings with the
Securities and Exchange Commission and on the company’s Web site
(http://www.constellationenergypartners.com).

About the Company

Constellation Energy Partners LLC is a limited liability company focused on
the acquisition, development and production of oil and natural gas properties,
as well as related midstream assets.

Forward-Looking Statements

We make statements in this news release that are considered forward-looking
statements within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934. These forward-looking statements are largely based on
our expectations, which reflect estimates and assumptions made by our
management. These estimates and assumptions reflect our best judgment based on
currently known market conditions and other factors. Although we believe such
estimates and assumptions to be reasonable, they are inherently uncertain and
involve a number of risks and uncertainties that are beyond our control. In
addition, management's assumptions about future events may prove to be
inaccurate. Management cautions all readers that the forward-looking
statements contained in this news release are not guarantees of future
performance, and we cannot assure you that such statements will be realized or
the forward-looking events and circumstances will occur. Actual results may
differ materially from those anticipated or implied in the forward-looking
statements due to factors listed in the "Risk Factors" section in our SEC
filings and elsewhere in those filings. All forward-looking statements speak
only as of the date of this news release. We do not intend to publicly update
or revise any forward-looking statements as a result of new information,
future events or otherwise. These cautionary statements qualify all
forward-looking statements attributable to us or persons acting on our behalf.

Contact:

Constellation Energy Partners LLC
Investor Contact:
Charles C. Ward, 877.847.0009
or
General Inquiries: 877.847.0008
www.constellationenergypartners.com
 
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