Twin Butte Energy Confirms March Dividend Payment

CALGARY, March 19, 2012 /CNW/ -Twin Butte Energy Ltd. (TSX:TBE) ("Twin Butte" or the "Company") confirms that its cash dividend in respect of March 2012 production will be $0.015 per share. The eligible dividend will be paid on April 16, 2012 to shareholders of record on March 30, 2012. The ex-dividend date is March 28, 2012.

These dividends are designated as "eligible dividends" for Canadian income tax purposes.

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".

 

Twin Butte Energy Ltd.

Jim Saunders
President and Chief Executive Officer
Tel: [phone]
Fax: [phone]

R. Alan Steele
Vice President, Finance, Chief Financial Officer and Corporate Secretary
Tel: [phone]
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Website:  www.twinbutteenergy.com