Vantage Energy, LLC Receives $470 Million Equity Commitment

12/19/2006

DENVER – December 19, 2006 – Vantage Energy, LLC, a private oil and gas company headquartered in Denver, today announced equity commitments of $470 million from an investment group consisting of Quantum Energy Partners, Carlyle/Riverstone and Lime Rock Partners. Vantage will focus on the acquisition, development and exploration of unconventional natural gas resources, primarily tight gas sands, gas shales and coalbed methane, onshore in North America. Vantage will acquire and develop properties with significant undeveloped potential and apply technical and business expertise to maximize the value of those resources.

Vantage was formed in October 2006 by Roger Biemans and Tom Tyree. The founders and employees of Vantage are making significant equity commitments to the Company alongside the investor group. Roger J. Biemans will serve as Chairman and Chief Executive Officer of Vantage. Previously Mr. Biemans served as President of EnCana Oil & Gas USA, Inc., where he managed EnCana’s U.S. property portfolio, focused on unconventional resource plays throughout the U.S. Thomas B. Tyree, Jr., will serve as President and Chief Financial Officer of Vantage. Mr. Tyree formerly served as Chief Financial Officer of Bill Barrett Corporation, an independent exploration and production company focused on unconventional resources in the Rocky Mountains.

About Vantage Energy, LLC
Vantage Energy, LLC is a Denver-based oil and natural gas exploration and development company. Vantage is focused on the acquisition, development and exploration of unconventional resources, primarily tight gas sands, gas shales and coalbed methane, onshore in North America. Vantage seeks to acquire and develop properties with significant undeveloped potential and apply technical and business expertise to maximize the value of those resources.

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