CALGARY, Oct. 15, 2012 /CNW/ - Twin Butte Energy Ltd. (TSX:TBE) ("Twin Butte" or the "Company") confirms that its cash dividend in respect of October 2012 production will be $0.015 per share. The eligible dividend will be paid on November 15, 2012 to shareholders of record on October 31, 2012. The ex-dividend date is October 29, 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 instructions.
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