NAL Energy Corporation

NAL Energy Corporation

February 11, 2011 23:59 ET

CORRECTION FROM SOURCE: NAL Energy Corporation Announces February Dividend

CALGARY, ALBERTA--(Marketwire - Feb. 11, 2011) - NAL Energy Corporation ("NAL" or the "Corporation") (TSX:NAE) announces that its Board of Directors has declared a monthly dividend of $0.07 per common share payable on March 15, 2011, to shareholders of record on February 23, 2011. The shares will begin trading on an ex- dividend basis on February 18, 2011.

The current monthly dividend totals $0.84 per common share on an annualized basis, and represents a 6.5% cash-on-cash yield based on the February 10, 2011 closing share price of $12.86.

NAL's Board of Directors sets the dividend level taking into consideration commodity prices, forecast cash flow of the Corporation, financial market conditions, availability of financing, internal capital investment opportunities and taxability.


NAL Energy Corporation provides a total return to its investors which combines income with modest growth in the Canadian upstream oil and gas industry. The Corporation generates returns for its shareholders by pursuing a strategy of acquiring, developing, producing and selling crude oil, natural gas and natural gas liquids from pools in southeastern Saskatchewan, central Alberta, northeastern British Columbia and Lake Erie, Ontario.

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