NAL Energy Corporation

NAL Energy Corporation

December 08, 2011 12:26 ET

NAL Energy Corporation Announces December Dividend

CALGARY, ALBERTA--(Marketwire - Dec. 8, 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 January 16, 2012, to shareholders of record on December 22, 2011. The shares will begin trading on an ex-dividend basis on December 20, 2011.

These dividends are designated as "eligible dividends" for Canadian income tax purposes.

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 generates returns for its shareholders by pursuing a strategy of acquiring, producing and selling crude oil, natural gas and natural gas liquids from assets based in southeastern Saskatchewan, central Alberta, and northeastern British Columbia.

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