Twin Butte Energy Ltd. confirmed that its cash dividend in respect of May 2013 production will be $0.016 per share. The eligible dividend will be paid on June 17, 2013 to shareholders of record on May 31, 2013. The ex-dividend date is May 29, 2013.

Twin Butte Energy Ltd. reported audited financial and operational results for the three months ended March 31, 2013. For the quarter, the company’s petroleum and natural gas sales were CAD 71.8 million compared with CAD 72.5 million a year ago. Funds flow was CAD 32.423 million or CAD 0.13 per basic and diluted share compared with CAD 26.400 million or CAD 0.14 per basic and diluted share a year ago. Net loss was CAD 29.633 million or CAD 0.12 per diluted share compared with net income of CAD 15 million or CAD 0.08 per basic and diluted share a year ago. Capital expenditures were CAD 19.63 million compared with CAD 8.1 million a year ago. Net debt was CAD 200.542 million against CAD 126.5 million a year ago. The first quarter of 2013 was dominated by the dramatic widening of the differential between benchmark pricing of WTI (West Texas Intermediate) and the Canada heavy oil benchmark WCS (Western Canadian Select) from the historical average differential levels of under CAD 20.00 in the fourth quarter of 2012. For the quarter, the company recorded quarterly production of 17,254 boe per day, an increase of 30% over the same period of 2012. Crude oil was 14,673 bbl per day against 10,187 bbl per day a year ago. Natural gas was 13,907 Mcf per day against 16,139 Mcf per day a year ago. Natural gas liquids were 263 bbl per day against 351 bbl per day a year ago. The company remains on track to meet its previously reported operating and financial guidance of CAD 130 million in cash flow and 17,400 boe per day of average production. The company's level of capital expenditures, which are currently forecast to be CAD 85 million net, will be monitored and potentially increased should actual cash flow less dividends increase. It is anticipated that net debt will remain fairly constant for the remainder of 2013.

Twin Butte Energy Ltd. confirmed that its cash dividend in respect of April 2013 production will be $0.016 per share. The eligible dividend will be paid on May 15, 2013 to shareholders of record on April 30, 2013. The ex-dividend date is April 26, 2013.