Atlas Pipeline Partners, L.P. Announces Results of Special Meeting of Unitholders.Energy Editors/Business Editors PHILADELPHIA--(BUSINESS WIRE)--March 11, 2004 Atlas Pipeline Partners L.P. (AMEX AMEX See: American Stock Exchange :APL (A Programming Language) A high-level mathematical programming language noted for its brevity and matrix generation capabilities. Developed by Kenneth Iverson in the mid-1960s, it runs on micros to mainframes and is often used to develop mathematical models. ) (the "Partnership") announced today that the Partnership's unitholders have approved all of the proposals submitted for consideration at the Partnership's special meeting of unitholders. The approved proposals include: the Partnership's issuance of up to 2.0 million common units in connection with the Partnership's proposed acquisition of the Alaska Pipeline Company; amendments to the Partnership's Limited Partnership Agreement that remove the limitations on the ability to issue common units and incur debt; and the establishment of the Partnership's Long Term Incentive Plan. All three proposals were approved by over 90% of the votes cast. Atlas Pipeline Partners, L.P. owns and operates 1,380 miles of natural gas gathering pipelines in western Pennsylvania Western Pennsylvania consists of the western third of the state of Pennsylvania in the United States. Pittsburgh is the largest city in the region, with a metropolitan area of about 2.4 million people, and is the cultural center for Western Pennsylvania. , western New York
Western New York refers to the westernmost region of New York State. and eastern Ohio. The Partnership is paid a fee for the natural gas volumes that are gathered and transported through its pipeline system, based on the gross selling price of that gas, from approximately 4,550 wells that are currently connected to the system, approximately 4,100 of which are operated by Atlas America Inc. For more information, please go to the investor relations Investor relations The process by which the corporation communicates with its investors. page at www.resourceamerica.com or contact investor relations at pschreiber@resourceamerica.com. Resource America, Inc. (Nasdaq:REXI), the parent company of the Partnership's general partner, is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the energy, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , real estate and leasing industries. For more information, please go to www.resourceamerica.com. Statements made in this release include forward-looking statements, which involve substantial risks and uncertainties. The Partnership's actual results, performance or achievements could differ materially from those expressed or implied in this release as a result of certain factors, including competition within the energy industry, climactic conditions and the price of gas in the Appalachian area, actual versus projected volumetric volumetric /vol·u·met·ric/ (vol?u-met´rik) pertaining to or accompanied by measurement in volumes. vol·u·met·ric adj. Of or relating to measurement by volume. production from wells connected to the Partnership's gas-gathering pipeline system, and the cost of supplies and services in the energy industry. |
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