Maple Leaf 2011 Energy Income Limited Partnership

Maple Leaf 2011 Energy Income Limited Partnership

February 24, 2012 12:07 ET

Maple Leaf 2011 Energy Income Limited Partnership: Notice of February Cash Distribution-$1.12 Per Unit

CALGARY, ALBERTA--(Marketwire - Feb. 24, 2012) - Maple Leaf 2011 Energy Income Limited Partnership (the "Partnership") is pleased to announce a cash distribution of $1.12 per limited partnership Unit for the month of February. This distribution is from revenues realized from the sale of the Partnership's oil and gas production on 5 producing wells in December 2011.

This February cash distribution of $1.12 per Limited Partnership unit is an increase of 124% over January's cash distribution as a result of revenues from the production of 5 wells versus 2 wells for January's distribution.

The payment date of this cash distribution is February 27, 2012 to all unitholders of record on February 22, 2012. The cash distribution will be deposited directly into unitholder accounts (i.e. the account at the Investment Dealers where investors hold their Limited Partnership units).

With 5 producing wells as of December 2011, and 7 more wells anticipated to commence production in the first quarter of 2012, the Partnership believes future cash distributions are expected to continue to increase.

Investors will also benefit from tax deductions of up to 95% of their capital invested in the Partnership.


The Partnership had an initial closing on August 25, 2011, a second closing on September 28, 2011 and a third and final closing on October 27, 2011. A total of 177,136 units were issued for gross proceeds of $17,713,600.

The Partnership has now fully committed all available funds into joint ventures targeting oil and liquids rich gas production from 12 horizontal wells in West Central Alberta.

Eleven of the 12 wells are targeting light oil in the Cardium formation and one well is targeting liquids rich gas in the Notikewin formation.

To date, the operator has drilled 8 wells of which 6 are producing. One well is currently being fractured and tested, 1 well is waiting on fracturing, 2 wells are currently being drilled and 2 wells remain to be drilled – all to be completed prior to the end of March 2012.

The producing wells are all currently meeting or exceeding production expectations.

Upon completion, the Partnership will own royalties on 12 wells which will all be in the early (or soon to be early) stages of their production profile and as a result, production volumes, revenues and consequently the amount of cash distributed each month may vary.


Price volatility in the commodity sector can have a significant impact on the amount of revenues realized by the Partnership from the sale of its oil and gas production and, correspondingly, the amount of cash distributions the Partnership is able to pay to investors.

Along with the aforementioned cash distribution, investors in the Partnership also benefit from tax deductions of up to 95% of the amount of capital invested.

Subsequent updates will be provided once the balance of the capital has been invested.

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, future cash distributions, 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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