Renegade Petroleum Ltd. announced that a cash dividend in the amount of $0.019167 per share ($0.23 annualized) will be paid on June 17, 2013 to shareholders of record as of May 31, 2013. The ex-dividend date is May 29, 2013.

Renegade Petroleum Ltd. reported consolidated earnings and production results for the first quarter ended March 31, 2013. For the quarter, petroleum and natural gas sales were $56,864,000 against $27,687,000 a year ago. Funds flow from operations was $27,357,000 or $0.13 per basic and diluted share compared to $14,366,000 or $0.18 per diluted share for the same period a year ago. Net loss was $5,377,000 or $0.03 basic and diluted per share against net income of $236,000 or $0.00 basic and diluted per share a year ago. Development capital expenditure was $34,844,000 against $43,538,000 a year ago. Net debt was $296,963,000 against $74,559,000 a year ago. For the quarter, the company achieved average production of 7,816 boe per day for the three months ended March 31, 2012, up 114% from the comparable quarter of 2012. Production consisted of 95% light oil and 5% natural gas and natural gas liquids. The company expected 2013 annual production to average between 7,400 boe per day to 7,700 boe per day.

Renegade Petroleum Ltd announced that they will report Q1, 2013 results After-Market on May 09, 2013