Completed Transaction Announcement: Breitburn Energy Partners, L.P.; Gas Natural Inc.; Sprague Resources, L.P.; Gastar Exploration Ltd.

November 13, 2013 – Breitburn Energy Partners, L.P. (NasdaqGS: BBEP) announced the completion of an underwritten public offering of 16,500,000 common units at a public offering price of $18.22 per unit, before underwriting discounts. BBEP also granted the underwriters a 30-day option to purchase up to 2,475,000 additional common units, which was exercised on November 26, for total units of 18,975,000. Janney served as a co-manager on this transaction.
October 31, 2013 – Gas Natural Inc. (AMEX: EGAS) announced the completion of an underwritten public offering of 1,134,155 common shares at a public offering price of $10.00 per share, before underwriting discounts. EGAS also granted the underwriters a 30-day option to purchase up to 170,000 additional common shares. Janney served as a sole bookrunning manager on this transaction.
October 25, 2013 – Sprague Resources, L.P. (NYSE: SRLP) announced the completion of an underwritten initial public offering of 8,500,000 common units at a public offering price of $18.00 per unit, before underwriting discounts. Janney served as a co-manager on this transaction.
October 24, 2013 – Gastar Exploration Ltd. (AMEX: GST) announced the completion of an underwritten public offering of 2,000,000 shares of  10.75% Series B Cumulative Preferred Stock at a par value of $25.00. GST also granted the underwriters a 30-day option to purchase an additional 300,000 shares, which was partially exercised in the amount of 140,000 shares on November 1, for total shares of 2,140,000. Janney served as lead manager on this transaction.

Janney Montgomery Scott LLC
1717 Arch Street
Philadelphia, PA 19103
www.janney.com


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