| In November, 2006 Eschelon Energy Partners portfolio company Saber Resources completed a transaction with Lehman Brothers whereby Lehman contributed Permian Basin oil properties it owned plus cash to Saber for a 43% interest in the company going forward. In addition, it provided a line of credit to Saber to assist in the further development of the company’s properties. As a result of this transaction, Saber made a return of 50% of invested capital to its shareholders. This return of capital was at a 1.93 times initial valuation. |
