Castle Energy Corporation Announces Third Quarter Cash Dividend.Business Editors RADNOR Radnor may refer to:
Castle Energy Corporation(a) (Nasdaq:CECX) (the "Company") announced that its Board of Directors has declared a dividend of $.05 per share payable on July July: see month. 14, 2000, to holders of record on July 10, 2000. The dividend declaration is pursuant to the Company's policy of paying regular quarterly dividends on its common stock. As with any company, the declaration and payment of future dividends are subject to the discretion of the Board of Directors and other factors. The Company currently owns oil and gas interests in approximately 530 oil and gas wells located in ten states in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Approximately half of the wells are operated by the Company. The Company also has a fifty percent (50%) interest in three oil and gas concessions in Romania. 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, the costs of exploring and developing new oil and natural gas reserves, the price for which such reserves can be sold, environmental concerns effecting the drilling of oil and natural gas wells, as well as general market conditions, competition and pricing. 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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