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Press release from Marketwire

Birchcliff Energy Ltd. Announces Quarterly Preferred Share Dividend

Wednesday, March 12, 2014

Birchcliff Energy Ltd. Announces Quarterly Preferred Share Dividend

18:13 EDT Wednesday, March 12, 2014

CALGARY, ALBERTA--(Marketwired - March 12, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) today announced that its Board of Directors has declared the following dividends on its outstanding preferred shares:

  • A quarterly cash dividend of $0.50 per share for the calendar quarter ending on March 31, 2014, on Birchcliff's outstanding Cumulative Redeemable Preferred Shares, Series A. The dividend is payable on March 31, 2014 to shareholders of record as at the close of business on March 24, 2014. The dividend is designated as an eligible dividend for purposes of the Income Tax Act (Canada); and
  • A quarterly cash dividend of $0.4375 per share for the calendar quarter ending on March 31, 2014, on Birchcliff's outstanding Cumulative Redeemable Preferred Shares, Series C. The dividend is payable on March 31, 2014 to shareholders of record as at the close of business on March 24, 2014. The dividend is designated as an eligible dividend for purposes of the Income Tax Act (Canada).

Birchcliff is a Calgary, Alberta based intermediate oil and gas company with operations concentrated within its one core area, the Peace River Arch of Alberta. Birchcliff's Common Shares; Cumulative Redeemable Preferred Shares, Series A; Cumulative Redeemable Preferred Shares, Series C; and Warrants are listed for trading on the Toronto Stock Exchange under the symbols "BIR", "BIR.PR.A", "BIR.PR.C" and "BIR.WT" respectively.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Birchcliff Energy Ltd.
Jeff Tonken
President and Chief Executive Officer
(403) 261-6401


Birchcliff Energy Ltd.
Bruno Geremia
Vice-President and Chief Financial Officer
(403) 261-6401


Birchcliff Energy Ltd.
Jim Surbey
Vice-President, Corporate Development
(403) 261-6401


Birchcliff Energy Ltd.
Suite 500, 630 - 4th Avenue S.W.
Calgary, AB T2P 0J9
(403) 261-6401
(403) 261-6424 (FAX)

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