CALGARY, Sept. 17, 2012 /CNW/ - Twin Butte Energy Ltd. (TSX:TBE) ("Twin Butte" or the "Company") confirms that its cash dividend in respect of September 2012
production will be $0.015 per share. The eligible dividend will be paid
on October 15, 2012 to shareholders of record on September 28, 2012.
The ex-dividend date is September 26, 2012. These dividends are
designated as "eligible dividends" for Canadian income tax purposes.
In accordance with the company's Dividend Reinvestment Plan (The "Plan"), the dividend is eligible to be reinvested by the shareholder at a 5%
discount per common share of Twin Butte.
Registered shareholders of Twin Butte may enroll in the plan by
completing the authorization form and returning it to Valiant Trust
Company, the Plan Agent. An authorization form must be received by the
Plan Agent no later than 3:00 p.m. Calgary time on the business day
prior to a Dividend Record Date in order for it to be in effect for the
next Dividend Payment.
An authorization form may be obtained by calling Valiant Trust Company
at 1-866-313-1872 or from the Corporation's website at www.twinbutteenergy.com.
Non-registered shareholders, who hold their shares with a broker or
financial institution and wish to enroll in the plan, will need to
contact them directly in order to provide appropriate enrollment
About Twin Butte:
Twin Butte Energy Ltd. is a dividend paying value oriented intermediate
producer with a significant low risk, high rate of return drilling
inventory focused on large original oil and gas in place play types.
With a stable low decline production base, Twin Butte is well
positioned to provide shareholders with a sustainable dividend with
growth potential over both the short and long term. Twin Butte is
committed to continually enhance its asset quality while focusing on
the sustainability of its dividend. The common shares of Twin Butte
are listed on the TSX under the symbol "TBE".
SOURCE: Twin Butte Energy Ltd.
For further information:
Twin Butte Energy Ltd.
President and Chief Executive Officer
Tel: (403) 215-2040
Fax: (403) 215-2055
R. Alan Steele
Vice President, Finance, Chief Financial Officer and Corporate Secretary
Tel: (403) 215-2692
Fax: (403) 215-2055