CALGARY, Alberta, Feb. 14, 2013 /CNW/ - As announced when Equal
Energy Ltd. (TSX: EQU) (NYSE: EQU) reported on the outcome of its
Strategic Review on November 27,
2012, Equal's Board of Directors has approved a quarterly
dividend of US$0.05 per share on its
common shares, payable March 31, 2013
to shareholders of record at the close of business on March 1, 2013.
About Equal Energy:
Equal Energy is an oil and gas exploration and
production company based in Calgary,
Alberta, with its United
States operations office located in Oklahoma City, Oklahoma. Our shares and
convertible debentures are listed on the Toronto Stock Exchange
under the symbols (EQU, EQU.DB.B), and our shares are listed on the
New York Stock Exchange under the symbol (EQU). Our oil and gas
assets are centered on the Hunton liquids-rich natural gas property
in Oklahoma.
Forward-looking Statements:
Certain information in this press release
constitutes forward-looking statements under applicable securities
law including the timing of the record date and the dividend
payment and the amount of the dividend. Any statements that
are contained in this press release that are not statements of
historical fact may be deemed to be forward-looking statements.
Forward-looking statements are often identified by terms such as
"may," "should," "anticipate," "expects," "seeks" and similar
expressions.
Forward-looking statements necessarily
involve known and unknown risks, such as risks associated with oil
and gas production; marketing and transportation; loss of markets;
volatility of commodity prices; currency and interest rate
fluctuations; imprecision of reserve and future production
estimates; environmental risks; competition; incorrect assessment
of the value of acquisitions; failure to realize the anticipated
benefits of dispositions; inability to access sufficient capital
from internal and external sources; changes in legislation,
including but not limited to income tax, environmental laws and
regulatory matters. Readers are cautioned that the foregoing
list of factors is not exhaustive.
Readers are cautioned not to place undue
reliance on forward-looking statements as there can be no assurance
that the plans, intentions or expectations upon which they are
placed will occur. Such information, although considered reasonable
by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated
forward-looking statements contained in this press release are
expressly qualified by this cautionary statement.
Additional information on these and other
factors that could affect Equal's operations or financial results
are included in Equal's reports on file with Canadian and U.S.
securities regulatory authorities and may be accessed through the
SEDAR website (www.sedar.com), the SEC's website (www.sec.gov),
Equal's website (www.equalenergy.ca) or by contacting Equal.
Furthermore, the forward looking statements contained in this news
release are made as of the date of this news release, and Equal
does not undertake any obligation to update publicly or to revise
any of the included forward-looking statements, whether as a result
of new information, future events or otherwise, except as expressly
required by securities law.
SOURCE Equal Energy Ltd.