Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - RESERVE PETROLEUM CO | rsrv-8k_051914.htm |
The Reserve Petroleum Company 8-K
Exhibit 99
May 2014
Dear Reserve Petroleum Company Shareholder:
Branzan Alternative Opportunities Fund, L.L.L.P. (Branzan) and its affiliates are offering to purchase up to 5,700 shares of The Reserve Petroleum Company (Reserve Petroleum) at $350.00 per share.
This tender offer gives you an opportunity to sell units of a relatively illiquid security without any brokerage or other costs.
Branzan has sufficient cash reserves to purchase all of the shares tendered.
Reserve Petroleum purchased 79 shares in 2013 for $230.00 per share.
If you want to sell your shares, please complete and sign the enclosed Stock Power and have your signature Medallion Guaranteed by a bank or a broker. Mail the Stock Power, together with your certificate, to the address listed at the bottom of the page. We suggest you use registered mail. A check will be mailed to you immediately upon our receiving confirmation from Reserve Petroleum that the shares have been successfully transferred to Branzan or its assigns.
Unless extended, this offer will expire on June 30, 2014. Submissions postmarked after this date may not be accepted.
The offer price will be reduced by any distributions made on the units after May 1, 2014.
You are under no obligation to accept this tender offer. Branzan is not affiliated in any way with Reserve Petroleum.
If you have any questions, please do not hesitate to contact us via telephone or e-mail.
| Very truly yours, | ||
| C. Spencer Brant | ||
| Branzan Alternative Opportunities Fund, L.L.L.P. | ||
| 475 17th Street, Suite 570 | ||
| Denver, CO 80202 | ||
| Phone: | (303) 292-9224 ext. 24 | |
| Email: | csb@branzanadvisors.com | |
| Enclosure | ||
475 Seventeenth Street | Suite 570 | Denver Colorado 80202 | 303.292.9224 | www.branzanadvisors.com
IRREVOCABLE STOCK POWER FORM
| Date | Contact Phone Number |
FOR VALUE RECEIVED, the Undersigned does (do) hereby sell, assign and transfer the below listed shares of The Reserve Petroleum Company to Branzan Alternative Opportunities Fund, L.L.L.P., Tax ID# __________________ (to be completed by Branzan)
| Name of Certificate Holder: |
| The Reserve Petroleum Company Certificate Number: |
| Number of Shares to be Transferred: |
The undersigned does (do) hereby irrevocably constitute and appoint Branzan Alternative Opportunities Fund L.L.L.P. attorney to transfer the shares as the case may be, on the books of said Company, with full power of substitution in the premises.
| (Person executing this power signs here) | |
| IMPORTANT - READ CAREFULLY | |
| MEDALLION SIGNATURE GUARANTEED | |
The signature (s) to this Power must correspond with the names(s) as written upon the face of the certificate(s), in every particular without alteration or enlargement or any change whatever. |
|
| (Name of Bank, Trust Company or Broker) | |
| (Official Signature) | |