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Castle Energy Corporation Announces Cash Dividend.


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, Pa.--(BUSINESS WIRE)--March 3, 2003

Castle Energy Corporation(a) (Nasdaq:CECX) (the "Company") announced that its Board of Directors has declared a dividend of $.05 per share payable on April 11, 2003 to holders of record on April 7, 2003.

As with any company, the declaration and payment of future dividends are subject to the discretion of the Board of Directors and other factors.

Forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 in this announcement are made pursuant to the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995.

Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 risks, tax risks, risks related to the public market for the Company's stock, as well as general business risks. Please refer to the Company's Securities and Exchange Commission filings for additional information.

(a) Castle Energy Corporation is not affiliated with Castle Oil Corporation.
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Publication:Business Wire
Geographic Code:1USA
Date:Mar 3, 2003
Words:148
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