UPDATE 1-Encore Energy to buy properties for $53.8 mln

* Raises Q2 distribution/unit to $2.05 from $2 * Shares
down 9 pct in after hours trading May 18 (Reuters) – Encore
Energy Partners LP said it will buy oil and natural gas
properties in Texas, Montana and North Dakota for $53.8 million
in cash, which will be partly funded through a public offering
of 2.4 million units by the company.

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