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CORPORATE DEVELOPMENTS
Husky's Board of Directors has declared a quarterly dividend of $0.30 (Canadian) per share on its common shares for the three-month period ending March 31, 2013. The dividend will be payable on July 2, 2013 to shareholders of record at the close of business on May 30, 2013.
A regular quarterly dividend on the 4.45 percent Cumulative Redeemable Preferred Shares, Series 1 (the "Series 1 Preferred Shares") will be paid for the period April 1, 2013 to June 30, 2013. The dividend of $0.27813 per Series 1 Preferred Share will be payable on July 2, 2013 to holders of record at the close of business on May 30, 2013.
CONFERENCE CALL & ANNUAL MEETING
A conference call will be held on Tuesday, May 7 at 8 a.m. Mountain Time (10 a.m. Eastern Time) to discuss Husky's first quarter results. To listen live, please call one of the following numbers:
Canada and U.S. Toll Free: 1-800-319-4610Outside Canada and U.S.: 1-604-638-5340
CEO Asim Ghosh, COO Rob Peabody, CFO Alister Cowan and Senior Downstream VP Bob Baird will participate in the call. To listen to a recording of the call, available at 10 a.m. Mountain Time on May 7, please call one of the following numbers:
Canada and U.S. Toll Free: 1-800-319-6413Outside Canada and U.S.: 1-604-638-9010Passcode: 2658 followed by the # signDuration: Available until June 7, 2013
Following the call, Husky will hold its Annual Meeting of Shareholders at 10:30 a.m. (Mountain Time) at the TELUS Spark Centre in Calgary, Alberta. To listen live to a webcast of the annual meeting, follow the links on www.huskyenergy.com
Audio webcasts of the conference call and the meeting will be available for approximately 90 days at www.huskyenergy.com under Investor Relations.
Husky Energy is one of Canada's largest integrated energy companies. It is headquartered in Calgary, Alberta, Canada and is publicly traded on the Toronto Stock Exchange under the symbol HSE and HSE.PR.A. More information is available at www.huskyenergy.com
FORWARD-LOOKING STATEMENTS
Certain statements in this press release are forward-looking statements and information (collectively "forward-looking statements"), within the meaning of applicable Canadian securities legislation, Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. The forward-looking statements contained in this news release are forward-looking and not historical facts.
Such forward-looking statements are based on the Company's current expectations, estimates, projections and assumptions that were made by the Company in light of its experience and its perception of historical trends. Further, such forward-looking statements are subject to risks, uncertainties and other factors, some of which are beyond the Company's control and difficult to predict. Accordingly, these factors could cause actual results or outcomes to differ materially from those expressed or projected in the forward-looking statements.
Some of the forward-looking statements and information may be identified by statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "will continue", "is anticipated", "is targeting", "estimated", "intend", "plan", "projection", "could", "aim", "vision", "goals", "objective", "target", "schedules" and "outlook"). In particular, forward-looking statements in this news release include, but are not limited to, references to:
-- with respect to the Company's Asia Pacific region: installation schedule of the topsides of the platform at the Company's Liwan Gas Project; planned timing of first production from the Company's Liwan Gas Project; and anticipated timing of first gas from the Company's Madura Strait block;-- with respect to the Company's Atlantic Region: planned timing of first production at the South White Rose extension project; and the planned in-service date of a water injection well at the Company's North Amethyst field;-- with respect to the Company's Oil Sands properties: anticipated timing of first production at Phase I of the Company's Sunrise Energy Project; projected daily production volumes from the next phase of the Company's Sunrise Energy Project and the bitumen carbonate pilot at the Company's Saleski project; and anticipated timing of completion of well pads and pipelines at the Company's Sunrise Energy Project;-- with respect to the Company's Heavy Oil properties: scheduled timing of first production from the Company's Sandall heavy oil thermal development project; anticipated timing of first production at the Company's Rush Lake pilot and commercial projects; and the Company's 2013 drilling program for both horizontal wells and CHOPS wells; and-- with respect to the Company's Western Canadian oil and gas resource plays: planned timing of proposed 2013/2014 program and resumption of road construction at the Company's Slater River Canol Shale project.
