Longview Announces Cash Dividend for February 2012 payable March 15, 2012

(TSX: LNV)

CALGARY, Feb. 15, 2012 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") announces that the February 2012 monthly cash dividend will be $0.05 per share and will be paid on March 15, 2012. The record date for the dividend is February 29, 2012, and the ex-dividend date is February 27, 2012. The dividend is considered an "eligible dividend" for Canadian tax purposes.

Longview's business strategy is to provide shareholders with attractive long term returns that combine both growth and yield by exploiting its assets in a financially disciplined manner and by acquiring additional long-life oil assets of a similar nature. Longview's asset base is comprised of operated oil-weighted resource plays with high working interests in the Western Canadian Sedimentary Basin.

The payment and the amount of dividends declared in any month will be subject to the discretion of the board of directors and will depend on the board of director's assessment of the Corporation's outlook for growth, capital expenditure requirements, funds from operations, potential acquisition opportunities, debt position and other conditions that the board of directors may consider relevant at such future time, including applicable restrictions that may be imposed under the Corporation's Credit Facilities and on the ability of the Corporation to pay dividends. The amount of future cash dividends, if any, may also vary depending on a variety of factors, including fluctuations in commodity prices, production levels, capital expenditure requirements, debt service requirements, operating costs, royalty burdens and foreign exchange rates.

All dollar amounts in this press release are Canadian dollars unless otherwise indicated.


SOURCE Longview Oil Corp.

For further information:

Investor Relations
Toll free: 1-855-813-0313

Longview Oil Corp.
700, 400 -3rd Avenue SW
Calgary, Alberta
T2P 4H2
Phone:  (403) 718-8000
Fax:      (403) 718-8300
Web Site: www.longviewoil.com
E-mail:  ir@longviewoil.com

Profil de l'entreprise

Longview Oil Corp.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.