Maple Leaf 2011 Energy Income Limited Partnership

Maple Leaf 2011 Energy Income Limited Partnership

May 29, 2012 13:01 ET

Maple Leaf 2011 Energy Income Limited Partnership-Increase in Cash Distribution

CALGARY, ALBERTA--(Marketwire - May 29, 2012) - Maple Leaf 2011 Energy Income Limited Partnership (the "Partnership") is pleased announce that its May cash distribution has increased from the $1.50 per unit paid in April to $2.00 per unit, payable on May 31, 2012. This distribution is from revenue realized from the sale of the Partnership's share of oil and gas production for the month of March 2012.


The Partnership completed its financing in October 2011 and has now fully invested its available capital into 12 joint ventures located in North Central Alberta.

The Partnership has achieved 100% drilling success within this 12 well horizontal program; 11 of the 12 wells are now producing light oil from the Cardium formation and 1 well is producing liquids rich gas in the Notikewin formation.

Distributions to investors commenced in January 2012 (5 months ahead of the original June 2012 target date) at $0.50 per unit. Monthly cash distributions to investors have since increased to $2.00 per unit payable for May 2012 as cash flow from production from more of the Partnership's wells is now being realized.

For the 5 month period ending May 2012 the Partnership will have paid to investors a total of $6.62 per unit.

Further to the cash distributions, investors in the Partnership have also been provided with a 2011 tax deduction of $14.26 per $100 invested; in addition investors are expected to realize approximately $80.87 of further tax deductions per $100 invested over the next four years.

The Partnership's joint venture partner is Bellatrix Exploration Ltd. ( Bellatrix is an intermediate exploration and production company based in Calgary, Alberta and is traded on the Toronto Stock Exchange under the symbol BXE.


Commodity (oil & gas) price volatility can have a significant impact on the amount of revenues realized by the Partnership from the sale of its oil & gas production, and correspondingly, the amount of cash distributions the Partnership is able to pay to investors. There can be no such assurance future distributions will be paid at the same levels as in the past.

This press release contains forward-looking information within the meaning of Canadian securities laws. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects or anticipates will or may occur in the future, including such things as, the commencement of expected revenues, the plan for the Second Program, the investment of the Partnership's remaining available funds, and other such matters is forward-looking information. When used in this press release, the words "indicate," "expect," "intend," "hopes," "believe," "may," "will," "if," "anticipate," and similar expressions are intended to identify forward-looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Partnership to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, uncertainties including that the Partnership may not hold or discover commercial quantities of resources and will be subject to fluctuations in commodity prices, exchange rates, and regulatory and policy risk; fees and expenses payable by the Partnership may decrease the assets available for investment by the Partnership; there can be no assurance that oil and gas companies will honour their obligations under investment agreements; there may be defects in title to or other ownership disputes with respect to properties subject to investments; oil and natural gas production and exploration are high risk activities; the Partnership competes with other entities in the oil and gas industry, many of whom are larger, which may decrease the investment opportunities available to the Partnership; there can be no assurance that expectations based on past experience will be indicative of future results; as well as those factors discussed under the headings "Cautionary Statement Regarding Forward Looking Information" and "Risk Factors" in the Partnership's prospectus dated August 16, 2011 and other documents filed with Canadian securities regulatory authorities. Although the Partnership has attempted to identify important factors that could cause actual results to differ materially from those described in forward -looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, the Partnership assumes no obligation to publicly update any forward-looking information; whether as a result of new information, future events or otherwise.

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