NAL Energy Corporation
TSX : NAE

NAL Energy Corporation

March 12, 2012 16:00 ET

NAL Energy Corporation Announces March Dividend

CALGARY, ALBERTA--(Marketwire - March 12, 2012) - NAL Energy Corporation ("NAL" or the "Corporation") (TSX:NAE) announces that its Board of Directors has declared a monthly dividend of $0.05 per common share payable on April 16, 2012, to shareholders of record on March 22, 2012. The shares will begin trading on an ex-dividend basis on March 20, 2012.

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.

ABOUT NAL

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.

Contact Information

  • NAL Energy Corporation
    Clayton Paradis
    Director, Investor Relations
    403.294.3620 or Toll Free: 888.223.8792
    403.515.3407 (FAX)