Longview Announces Cash Dividend for March 2012 payable April 16, 2012
March 15 2012 - 5:00PM
PR Newswire (Canada)
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. Longview Oil Corp. CONTACT:
Investor RelationsToll free: 1-855-813-0313Longview Oil Corp.700,
400 -3rd Avenue SWCalgary, AlbertaT2P 4H2Phone: (403) 718-8000Fax:
(403) 718-8300Web Site: www.longviewoil.comE-mail:
ir@longviewoil.com
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