NAL Energy Corporation
TSX : NAE

NAL Energy Corporation

September 08, 2011 18:34 ET

NAL Energy Corporation Announces September Dividend & Participation in the 2011 Peters & Co. Oil & Gas Conference

CALGARY, ALBERTA--(Marketwire - Sept. 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 October 17, 2011, to shareholders of record on September 22, 2011. The shares will begin trading on an ex-dividend basis on September 20, 2011.

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

The current monthly dividend totals $0.84 per common share on an annualized basis, and represents a 9.0% cash-on-cash yield based on the September 8, 2011 closing share price of $9.35.

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 is also pleased to advise that Mr. Andrew Wiswell, President and CEO, will be participating in a panel discussion with peers and providing an update to the Corporation's activities in its Cardium oil play in central Alberta and Mississippian light oil play in southeast Saskatchewan at the Peters & Co. Limited 2011 North American Oil & Gas Conference.

Location: Toronto, Ontario
Date: Tuesday, September 13, 2011
Time: 2:30 PM EST.

Investors are invited to watch a live webcast of this panel discussion at: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3641220. A replay of the webcast will be available within 24 hours following the webcast for 90 days.

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)
    investor.relations@nal.ca