Twin Butte Energy Ltd. is a growth orientated junior oil & gas company based in Calgary, Alberta that trades on the TSX under the symbol "TBE". On November 13, 2011 Twin Butte Energy Ltd announced plans to acquire Emerge Oil & Gas Inc. and to convert to a dividend paying corporation. The combined Company will be approximately 13,500 boe/d of production with a focus on heavy oil in the greater Lloydminster area on both the Alberta and Saskatchewan sides of the border. Twin Butte is planning to pay an annual dividend of $0.18 per share ($0.015 monthly) while providing moderate production growth of 3-5%. The combined Company's production will be weighted approximately 70% to heavy oil, 8% to light oil and NGL's and 22% to natural gas.
November 14, 2011
Twin Butte Energy Ltd. Reports Third Quarter 2011 Financial Results
March 22, 2011
Twin Butte Energy Ltd. Reports Year End - 2010 Financial Results
LATEST INVESTOR PRESENTATION: http://www.twinbutteenergy.com/pdfs/TwinBpresentation.pdf
Twin Butte is following a "Acquire, Exploit, Explore" strategy model that relies on the strength of its experienced management team and Board of Directors. The Company is committed to growing into a strong junior/intermediate E&P company, with production of over 15,000 boe/d over the next two years. The Company intends to focus future growth in the Deep Basin areas of Ansell and Jayar, and the conventional heavy oil area of Frog Lake. Both of these areas provide repeatable plays on our current lands with lower risk wells at Frog Lake and strong, long life growth potential in the Deep Basin. The Company will continue to maximize value from its other areas and may look to sell assets at various times to provide additional funds for growth in core areas and to provide balance sheet flexibility. Twin Butte has over $300 million of current tax pools which will allow growth while minimizing the payment of current taxes.