OHA Investment Corporation
Aug 9, 2010

NGP Capital Resources Company Announces Second Quarter 2010 Financial Results and Portfolio Activity

HOUSTON, Aug 9, 2010 (GlobeNewswire via COMTEX News Network) -- NGP Capital Resources Company (Nasdaq:NGPC) (the "Company") today announced its financial results for the second quarter ended June 30, 2010.

Highlights for the quarter ended June 30, 2010:

Stockholders' equity: $241.7 million

Net asset value per share: $11.18

Operating Results:

Net increase in stockholders' equity (net assets) from operations: $3.9 million

Net investment income: $3.3 million

Net unrealized gain (loss) on investments: $0.6 million

Dividends declared per common share: $0.17

Portfolio and Investment Activity:

Total invested in portfolio companies at June 30, 2010: $237.1 million

Number of portfolio companies at June 30, 2010: 15

Portfolio and Investment Activity

The Company did not add any new companies to its portfolio during the second quarter of 2010. At June 30, 2010, the Company's targeted investment portfolio consisted of fifteen portfolio companies totaling $237.1 million. The Company had commitments to fund an additional $5.4 million on total committed amounts of $242.5 million.

The weighted average yield on targeted portfolio investments, exclusive of capital gains, was 7.28% at June 30, 2010. The weighted average yield on investments in corporate notes was 5.82%, and the weighted average yield on investments in cash and cash equivalents was 0.51%. The weighted average yield on the Company's total capital invested at June 30, 2010 was 5.21%.

Operating Results -- Three months ended June 30, 2010

Investment income totaled $6.0 million for the quarter ended June 30, 2010, with $5.2 million attributable to interest from the Company's targeted portfolio investments and $0.8 million net income attributable to investments in corporate notes, cash equivalents and fee income from third parties and affiliates. Operating expenses for the quarter ended June 30, 2010 were $3.0 million and included $1.4 million of advisory and management fees, $0.3 million of interest expense and credit facility fees and $1.3 million of general and administrative expenses. The resulting net investment income, including a $0.2 million benefit for income taxes, was $3.3 million.

For the three months ended June 30, 2010, the Company experienced net unrealized appreciation before income taxes of $0.9 million, consisting of a $0.7 million increase in targeted portfolio fair value and a $0.2 million increase in the fair value of corporate notes. The increase in targeted portfolio fair value was largely a result of changes in the estimated current market values of underlying assets.

Overall, the Company had a net increase in stockholders' equity (net assets) resulting from operations of $3.9 million, or $0.18 per common share, for the three months ended June 30, 2010 and dividends declared during the period of $0.17 per common share, resulting in stockholders' equity (net assets) per common share of $11.18 as of June 30, 2010.

Conference Call at 11:00 a.m. Eastern Time on August 9, 2010

The Company invites all interested persons to participate in its conference call on August 9, 2010 at 11:00 a.m. Eastern Time. The dial-in number for the call is (877) 303-7617. International callers should dial (760) 666-3609.

The Company will maintain an audio replay of the call from 2:00 p.m. Eastern Time on August 9, 2010 through midnight August 15, 2010. The replay dial-in number is (800) 642-1687. International callers should dial (706) 645-9291. The replay pass code is 89321430. The call will also be accessible via the internet, on our Investor Relations page at www.ngpcrc.com.

                     NGP CAPITAL RESOURCES COMPANY
                       CONSOLIDATED BALANCE SHEETS


                                                          December 31,
                                          June 30, 2010       2009
                                          -------------  -------------
                                           (Unaudited)
  Assets
   Investments in portfolio securities
    at fair value
    Control investments - majority owned
    (cost: $123,222,644 and
     $118,590,412, respectively)           $ 76,995,176   $ 72,449,620
    Affiliate investments
    (cost: $32,982,230 and $30,727,367,
     respectively)                           33,644,517     31,578,945
    Non-affiliate investments
    (cost: $79,260,905 and $92,832,647,
     respectively)                           76,941,300     86,965,378
   Investments in corporate notes at
    fair value
    (cost: $11,514,860 and $11,539,564,
     respectively)                            9,555,858      9,062,200
   Investments in commodity derivative
    instruments at fair value

    (cost: $0 and $30,100, respectively)             --         49,000
                                          -------------  -------------

     Total investments                      197,136,851    200,105,143
                                          -------------  -------------

   Cash and cash equivalents                105,350,492    108,288,217
   Accounts receivable and other current
    assets                                    2,153,923      2,115,663
   Interest receivable                        1,382,013      1,241,609
   Prepaid assets                             1,600,885      2,201,468

   Deferred tax assets                        2,961,948      2,979,209
                                          -------------  -------------

      Total current assets                  113,449,261    116,826,166
                                          -------------  -------------


     Total assets                         $ 310,586,112  $ 316,931,309
                                          =============  =============

  Liabilities and stockholders' equity
   (net assets)
  Current liabilities
   Accounts payable and accrued expenses      $ 713,571    $ 1,098,414
   Management and incentive fees payable      1,423,830      1,415,866
   Dividends payable                          3,676,794      3,676,794

   Income taxes payable                          33,613         62,321
                                          -------------  -------------

     Total current liabilities                5,847,808      6,253,395
                                          -------------  -------------

  Deferred tax liabilities                    3,035,242      3,002,366

  Long-term debt                             60,000,000     67,500,000
                                          -------------  -------------


  Total liabilities                          68,883,050     76,755,761
                                          -------------  -------------

  Commitments and contingencies

  Stockholders' equity (net assets)
   Common stock, $.001 par value, 250,000,000 shares
    authorized;
   21,628,202 shares issued and
    outstanding                                  21,628         21,628
   Paid-in capital in excess of par         295,174,063    295,174,063
   Undistributed net investment income
    (loss)                                  (6,592,176)    (4,944,530)
   Undistributed net realized capital
    gain (loss)                                (18,613)             --
   Net unrealized appreciation
    (depreciation) of portfolio
    securities,
   corporate notes and commodity
    derivative instruments                 (46,881,840)   (50,075,613)
                                          -------------  -------------

     Total stockholders' equity (net
      assets)                               241,703,062    240,175,548
                                          -------------  -------------

  Total liabilities and stockholders'
   equity (net assets)                    $ 310,586,112  $ 316,931,309
                                          =============  =============


  Net asset value per share                     $ 11.18        $ 11.10
                                          =============  =============

                                       NGP CAPITAL RESOURCES COMPANY
                                   CONSOLIDATED STATEMENTS OF OPERATIONS
                                                (Unaudited)

                                               For The Three Months Ended      For The Six Months Ended

                                                June 30,                      June 30,
                                                  2010       June 30, 2009      2010       June 30, 2009
                                              ------------  --------------  ------------  ---------------

  Investment income
   Interest and dividend income:
    Control investments - majority owned       $ 1,095,924            $ --   $ 2,195,903             $ --
    Affiliate investments                          899,981       1,445,090     1,732,894        2,801,166
    Non-affiliate investments                    3,379,706       4,927,247     6,557,247        9,765,710
   Royalty income (loss), net of
    amortization:
    Control investments - majority owned           459,974          42,343       754,785           65,679
    Non-affiliate investments                    (444,619)     (2,816,146)     (962,675)      (3,733,783)
   Commodity derivative income, net of
    expired options                                     --       1,880,229        16,079        5,054,081

   Other income                                    640,000          57,940       930,000          116,739
                                              ------------  --------------  ------------  ---------------


    Total investment income                      6,030,966       5,536,703    11,224,233       14,069,592
                                              ------------  --------------  ------------  ---------------

  Operating expenses
   Management and incentive fees                 1,423,830       1,647,178     2,762,399        3,481,026
   Professional fees                               221,672         319,899       486,976          486,626
   Insurance expense                               185,658         199,959       371,316          400,180
   Interest expense and fees                       304,118       1,096,709       617,181        2,094,551

   Other general and administrative expenses       843,568         745,591     1,789,988        1,542,539
                                              ------------  --------------  ------------  ---------------


    Total operating expenses                     2,978,846       4,009,336     6,027,860        8,004,922
                                              ------------  --------------  ------------  ---------------

  Net investment income before income taxes      3,052,120       1,527,367     5,196,373        6,064,670


  Benefit for income taxes                         222,496           8,702       509,570           12,993
                                              ------------  --------------  ------------  ---------------


  Net investment income                          3,274,616       1,536,069     5,705,943        6,077,663
                                              ------------  --------------  ------------  ---------------

  Net realized capital gain (loss) on
   investments
   Net realized capital gain (loss) on
    portfolio securities,
   and corporate notes:
    Control investments - majority owned                --       (350,000)            --        (350,000)
    Non-affiliate investments                           --         296,037            --          296,037
   Benefit (provision) for taxes on capital
    gain (loss)                                    (9,462)         119,000      (18,613)          119,000
                                              ------------  --------------  ------------  ---------------

    Total net realized capital gain (loss)
     on investments                                (9,462)          65,037      (18,613)           65,037
                                              ------------  --------------  ------------  ---------------

  Net unrealized gain (loss) on investments
   Net increase (decrease) in unrealized
    appreciation
   (depreciation) on portfolio securities,
    corporate
   notes and commodity derivative
    instruments:
    Control investments - majority owned          (93,176)       (669,376)      (86,675)      (4,745,039)
    Affiliate investments                        (748,010)         388,484     (189,291)          594,228
    Non-affiliate investments                    1,733,136     (4,148,448)     4,047,125     (24,838,561)
   Benefit (provision) for taxes on
    unrealized gain (loss)                       (284,237)         255,000     (577,386)        1,640,826
                                              ------------  --------------  ------------  ---------------

    Total net unrealized gain (loss) on
     investments                                   607,713     (4,174,340)     3,193,773     (27,348,546)
                                              ------------  --------------  ------------  ---------------

  Net increase (decrease) in stockholders'
   equity

  (net assets) resulting from operations       $ 3,872,867   $ (2,573,234)   $ 8,881,103   $ (21,205,846)
                                              ============  ==============  ============  ===============

  Net increase (decrease) in stockholders'
   equity (net assets)

  resulting from operations per common share        $ 0.18        $ (0.12)        $ 0.42         $ (0.98)
                                              ============  ==============  ============  ===============

                                            For The Three    For The Six Months
                                            Months Ended            Ended

                                         June 30,  June 30,  June 30,  June 30,
  Per Share Data                           2010      2009      2010      2009
                                         --------  --------  --------  --------


  Net asset value, beginning of period    $ 11.17   $ 11.09   $ 11.10   $ 12.15
                                         --------  --------  --------  --------

  Net investment income                      0.15      0.07      0.26      0.28
  Net realized and unrealized gain
   (loss) on portfolio securities,
  corporate notes and commodity
   derivative instruments                    0.03    (0.19)      0.16    (1.26)
                                         --------  --------  --------  --------
  Net increase (decrease) in
   stockholders' equity (net assets)

  resulting from operations                  0.18    (0.12)      0.42    (0.98)
                                         --------  --------  --------  --------

  Net asset value before dividends          11.35     10.97     11.52     11.17


  Dividends declared                       (0.17)    (0.12)    (0.34)    (0.32)
                                         --------  --------  --------  --------


  Net asset value, end of period          $ 11.18   $ 10.85   $ 11.18   $ 10.85
                                         ========  ========  ========  ========

About NGP Capital Resources Company

NGP Capital Resources Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company's investment portfolio is principally invested in energy related private companies. From time to time, the Company may also invest in public companies. The Company invests primarily in senior secured and mezzanine loans in furtherance of its business plan and in some instances receives equity investments in portfolio companies in connection with such investments. NGP Capital Resources Company is managed by NGP Investment Advisor, LP, an affiliate of NGP Energy Capital Management, L.L.C. NGP Energy Capital Management, L.L.C., based in Irving, Texas, is a leading investment firm with over $9.5 billion of cumulative capital under management since inception, serving all sectors of the energy industry.

The NGP Capital Resources Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4362

This press release may contain forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, which could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, the future operating results of our portfolio companies, changes in regional, national, or international economic conditions and their impact on the industries in which we invest, or changes in the conditions of the industries in which we invest, and other factors enumerated in our filings with the Securities and Exchange Commission (the "SEC").

We may use words such as "anticipates," "believes," "expects," "intends," "will," "should," "may" and similar expressions to identify forward-looking statements. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. We do not undertake to update our forward-looking statements unless required by law.

Persons considering an investment in NGP Capital Resources Company should consider the investment objectives, risks, and charges and expenses of the Company carefully before investing. Such information and other information about the Company is available in our annual report on Form 10-K, in our quarterly reports on Form 10-Q and in prospectuses we issue from time to time in connection with our offering of securities. Such materials are filed with the SEC and copies are available on the SEC's website, www.sec.gov. Prospective investors should read such materials carefully before investing.

INVESTMENT CONTACT: Please send investment proposals to: NGP Capital Resources Company, John Homier (jhomier@ngpcrc.com), Kelly Plato (kplato@ngpcrc.com), Dan Schockling (dschockling@ngpcrc.com), Hans Hubbard (hhubbard@ngpcrc.com), or Chris Ryals (cryals@ngpcrc.com), 713-752-0062.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: NGP Capital Resources Company

CONTACT:  NGP Capital Resources Company
Investor Relations Contact:
Steve Gardner
713-752-0062
investor_relations@ngpcrc.com

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