Stock Name: LNV
Amount: CAD 0.05
Announcement Date: 15/03/2012
Record Date: 28/03/2012
Dividend Detail:
(TSX: LNV)
CALGARY, March 15, 2012 /CNW/ - Longview Oil Corp. ("Longview" or the
"Corporation") announces that the March 2012 monthly cash dividend will
be $0.05 per share and will be paid on April 16, 2012. The record date
for the dividend is March 30, 2012, and the ex-dividend date is March
28, 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.
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
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