Exploration firm Mach Natural Resources to go public

Mach Natural Resources Starts U.S. IPO Effort (Pending:MNR) | Seeking Alpha


Mach Natural Resources LP is planning to go public with an initial public offering of 10 million common units representing limited partner interests in the Oklahoma City company.

In an announcement this week, Mach said it will also grant the underwriters an option to purchase up to an additional 1,500,000 common units at the initial public offering price, less underwriting discounts and commissions.

The initial public offering price is expected to be between $19.00 and $21.00 per common unit. Mach stated that it had applied to list the common units on the New York Stock Exchange under the ticker symbol “MNR.”

The common units being offered to the public represent an approximate 10.5% limited partner interest in Mach, or an approximate 12.1% limited partner interest if the underwriters exercise, in full, their option to purchase additional common units.

Tom Ward's New Venture: Mach Resources - OklahomaMinerals.com

Stifel and Raymond James are acting as joint book-running managers for the offering. Janney Montgomery Scott, Stephens Inc. and Johnson Rice & Company are serving as co-managers for the offering. The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

When available, a copy of the preliminary prospectus may be obtained from any of the following sources:

Stifel, Nicolaus & Company, Incorporated

Raymond James & Associates, Inc.

Attention: Syndicate Department

Attention: Syndicate

1 South Street, 15th Floor

880 Carillon Parkway

Baltimore, MD 21202

St. Petersburg, Florida 33716

Telephone: (855) 300-7136

Telephone: (800) 248-8863

Email: syndprospectus@stifel.com

Email: prospectus@raymondjames.com