Longview Announces 2012 Year End Financial Results and Independent Reserve Report

Longview Announces 2012 Year End Financial Results and Independent Reserve 
Report 
Reserve Additions Replace 118% of Production and Supports Dividend 
Sustainability 
(TSX: LNV) 
CALGARY, March 27, 2013 /CNW/ - Longview Oil Corp. ("Longview" or the 
"Corporation") is pleased to announce the financial and operating results for 
the year ended December 31, 2012 and the accompanying reserves as of December 
31, 2012. 


                       Three months ended                Year ended
                          December 31,                  December 31,
                         2012        2011         2012       2011( (1))
                                                                       

Financial ($000,
except as                                                              
otherwise
indicated)

Sales including     $   36,388    $ 43,303    $ 141,186    $    112,778
realized hedging

  per share( (2))   $     0.78    $   0.93    $    3.02    $       3.37

  per boe           $    62.70    $  68.99    $   61.87    $      68.60

Funds from          $   15,639    $ 21,047    $  60,420    $     53,736
operations

  per share( (2))   $     0.33    $   0.45    $    1.29    $       1.61

  per boe           $    26.95    $  33.53    $   26.47    $      32.69

Net income (loss)
and comprehensive   $ (21,466)    $  4,320    $ (8,268)    $     20,529
income (loss)

  per share( (2))   $   (0.46)    $   0.09    $  (0.18)    $       0.61

Dividends declared  $    7,025    $  7,012    $  20,085    $     18,695

  per share( (3))   $     0.15    $   0.15    $    0.60    $       0.40

Total capital       $   11,763    $ 25,645    $  44,491    $     55,033
expenditures

Working capital     $   11,712    $ 20,074    $  11,712    $     20,074
deficit ((4))

Bank indebtedness   $  111,895    $ 90,979    $ 111,895    $     90,979

Shares outstanding
at end of period        46,837      46,750       46,837          46,750
(000)

Basic weighted
average shares          46,837      46,750       46,807          33,459
(000)

Operating                                                              

Daily Production                                                       

  Crude oil and          4,887       5,120        4,745           4,690
  NGLs (bbls/d)

  Natural gas            8,526      10,215        8,938           9,514
  (mcf/d)

  Total boe/d @          6,308       6,823        6,235           6,276
  6:1

Average prices
(including                                                             
hedging)

  Crude oil and     $    74.94    $  85.01    $   76.47    $      84.06
  NGLs ($/bbl)

  Natural gas       $     3.44    $   3.47    $    2.56    $       3.81
  ($/mcf)

Proved plus                                                            
probable reserves

  Crude oil & NGLs                               30,204          29,897
  (mbbls)

  Natural gas                                      48.4            47.7
  (bcf)

  Total mboe                                     38,263          37,853

  Reserve life
  index (years)(                                   16.6            15.2
  (5))
                                                            

(1)  Longview's operations commenced on April 14, 2011 and the year
     ended December 31, 2011 includes
     financial and operational results for only 262 days.

(2)  Based on basic weighted average shares outstanding.              

(3)  Based on shares outstanding at each dividend record              
     date.

(4)  Working capital deficit includes trade and other receivables,
     prepaid expenses and deposits, trade and other
     accrued liabilities and due to parent.

(5)  Based on fourth quarter average production rates.                



Stable Production and Funds from Operations Sustains Dividends
    --  Funds from operations for the fourth quarter of 2012 was $15.6
        million or $0.33 per share, an increase of 9% as compared to
        the third quarter of 2012 due to higher crude oil and liquids
        production. Funds from operations are primarily supported by
        crude oil and liquids production that represents 94% of our
        total sales revenue. Crude oil prices have been challenging
        during much of 2012 due to weakened WTI pricing and wide
        differentials between WTI and Canadian realized pricing that
        resulted in lower funds from operations as compared to the
        prior year.
    --  Production for the fourth quarter of 2012 averaged 6,308 boe/d
        (77% crude oil and liquids), an increase of 5% from 6,013 boe/d
        realized in the third quarter of 2012. Production for the year
        ended December 31, 2012 averaged 6,235 boe/d and was comparable
        to the prior year. Due to weaker than anticipated commodity
        prices and higher differentials, we announced a reduction to
        our capital expenditure program in the second quarter of 2012
        to maintain financial discipline and a strong balance sheet.
        Production additions from our reduced capital expenditure
        program were sufficient to offset declines due to our drilling
        success and low decline rate on existing production.
    --  Operating expense for the year ended December 31, 2012 was
        $20.35/boe. Operating expense for 2012 has been impacted by
        costs associated with the clean-up of two salt water spills
        resulting from injection pipeline failures at Sunset, Alberta
        and additional costs for maintenance associated with specific
        facilities and pipelines throughout the year.
    --  Total capital expenditures for the three months and year ended
        December 31, 2012 amounted to $11.8 million and $44.5 million,
        respectively. During 2012 we drilled a total of 19.1 net (29
        gross) wells at a 100% success rate adding initial 30 day
        production of approximately 1,591 boe/d weighted 90% to crude
        oil and natural gas liquids.  This represents an on-stream cost
        of approximately $28,000 per boe/d.
    --  As at December 31, 2012, Longview's bank debt was $112.5
        million on a credit facility of $200 million (56% drawn)
        resulting in an unutilized capacity of approximately $87.5
        million. Longview currently pays a monthly dividend of $0.05
        per share and has declared and paid $28.1 million of dividends
        for the year ended December 31, 2012.

Reserve Additions Replace 118% of Production
    --  At December 31, 2012 we had Proved plus Probable ("2P") Company
        interest reserves of 38.3 mmboe with proved reserves
        representing 56% of the total. Our 2012 capital program
        replaced 118% of production adding 2.7 mmboe of 2P reserves.
    --  Finding, Development & Acquisition ("FD&A") cost was $29.10/boe
        including the change in Future Development Capital ("FDC").
    --  Longview's December 31, 2012 Net Asset Value ("NAV") is
        $11.40/share at a 10% discount rate on a pre-tax basis.
        Longview's NAV has decreased from December 31, 2011 due to a
        reduction in the crude oil and natural gas pricing assumptions
        utilized by Sproule.
    --  The Corporation's 2P Reserve Life Index ("RLI") is 16.6 years
        using our fourth quarter 2012 average production rate.

Commodity Hedging Program
    --  Longview's hedging program for calendar 2013 includes crude oil
        hedges of 1,000 bbls/d at $90.29/bbl for January to December
        2013 and 1,000 bbls/d at $93.00/bbl for February to December
        2013.
    --  The Corporation will continue to hedge a portion of its
        production in the future in order to provide stable cash flow
        to fund dividend payments and our capital expenditure program.
    --  Additional details on our hedging program are available at our
        website at
        www.longviewoil.com.

Looking Forward
    --  Our 2013 budget is designed to maintain production at 2012
        levels in a manner that will preserve a strong balance sheet by
        utilizing funds from operations to maintain our current
        dividend policy and fund substantially all of our capital
        expenditures.
    --  Longview has a base decline rate of approximately 19% which
        allows the Company to maintain production with a modest level
        of capital expenditures, as demonstrated during 2012 and 2011.
    --  The following table summarizes operational and financial
        guidance for Longview for the year ending December 31, 2013:
                Average daily                  6,200 boe/d to 6,300
                production                     boe/d
                Oil & liquids %                79%
                Royalty rate                   19% to 21%
                Operating expense              $19.00/boe to $20.00/boe
                Capital expenditures           $36 million
    --  Our 2013 capital program will be comprised of low-risk crude
        oil drilling and recompletion activities in areas with high
        netbacks where Longview operates existing infrastructure.
        Drilling operations will focus on areas where recent activity
        has demonstrated strong economics that result in a quick and
        positive impact on funds from operations while limiting
        facility and other infrastructure expenditures.
    --  The percentage of our total corporate production related to
        crude oil and NGLs is expected to grow to 79% in 2013 from 76%
        in 2012 as the 2013 capital budget is entirely focused on oil
        weighted projects. Approximately 60% of the capital budget is
        allocated to Southeast Saskatchewan targeting 6 different
        project areas where Longview has existing infrastructure in
        place which will result in lower operating costs for new
        production. These are lower risk locations primarily targeting
        the Midale formation where successful results will lead to
        additional drilling in future years.
    --  Longview's business strategy is to provide shareholders with
        attractive long term returns that combine both income and
        moderate growth by exploiting our assets in a financially
        disciplined manner and by acquiring additional long-life oil
        and gas assets of a similar nature.
    --  Given the current volatility in crude oil pricing conditions,
        we will continue to closely monitor our funds from operations
        as compared to our dividend policy and capital expenditure
        commitments to ensure they are substantially balanced.

Financial Statements and MD&A
    --  Longview's audited financial statements for the year ended
        December 31, 2012 together with the notes thereto, and
        Management's Discussion and Analysis for the three months and
        year ended December 31, 2012 have been prepared in accordance
        with International Financial Reporting Standards ("IFRS") and
        posted on our website at
        www.longviewoil.com
        and filed under our profile on SEDAR at
        www.sedar.com.

APPENDIX 1 - Reserves Summary

Longview engaged our independent qualified reserves evaluator Sproule 
Associates Ltd. ("Sproule") to update the reserves analysis for the Company in 
accordance with National Instrument 51-101 and the COGE Handbook. Reserves and 
production information included herein is stated on a Company Interest basis 
(before royalty burdens and including royalty interests receivable) unless 
noted otherwise. This summary contains several cautionary statements that are 
specifically required by NI 51-101. In addition to the detailed information 
disclosed in this press release, more detailed information on a net interest 
basis (after royalty burdens and including royalty interests) and on a gross 
interest basis (before royalty burdens and excluding royalty interests) will 
be included in Longview's Annual Information Form ("AIF") and will be 
available at www.longviewoil.com and www.sedar.com.

Highlights - Company Interest Reserves (Working Interests plus Royalty 
Interests Receivable)
                                December 31, 2012  December 31, 2011
                                                    

Proved plus probable reserves              38,263             37,853
(mboe) 

Present Value of 2P reserves
discounted at 10%, before tax            $609,507           $728,401
($000)((1)) 

Net Asset Value per Share
discounted at 10%, before tax (            $11.40             $15.12
(2)) 

Reserve Life Index (proved plus              16.6               15.2
probable - years) ((3)) 

Reserves per Share (proved plus              0.81               0.80
probable) ((2)) 

Bank debt per boe of reserves (             $3.29              $3.03
(4))

(1)  Assumes that development of each property will occur, without
     regard to the likely availability to the Company of funding
     required for that development.

(2)  Based on 46.84 million shares outstanding at December 31, 2012 and
     46.75 million shares outstanding at December 31, 2011.

(3)  Based on Q4 average production and company interest reserves.

(4)  Using boe's may be misleading, particularly if used in isolation.
     In accordance with NI 51-101, a boe conversion ratio for natural
     gas of 6 mcf: 1 bbl has been used which is based on an energy
     equivalency conversion method primarily applicable at the burner
     tip and does not represent a value equivalency at the wellhead.
     Given that the value ratio based on the current price of crude oil
     as compared to natural gas is significantly different from the
     energy equivalency of 6:1, utilizing a conversion on a 6:1 basis
     may be misleading as an indication of value.

Company Interest Reserves (Working Interests plus Royalty Interests Receivable)

Summary as at December 31, 2012
                                     Natural                   Oil
                 Light &   Heavy Oil    Gas    Natural Gas  Equivalent
               Medium Oil   (mbbl)   Liquids     (mmcf)       (mboe)
                 (mbbl)               (mbbl) 

Proved                                                                

Developed            9,082     1,349     1,181       17,753     14,571
Producing 

Developed              430       136        12          210        613
Non-producing 

Undeveloped          3,901       297       416        9,565      6,208

Total Proved        13,413     1,782     1,609       27,529     21,392

Probable             9,490     2,852     1,060       20,825     16,872

Total Proved +      22,902     4,633     2,669       48,354     38,263
Probable 

Proved plus Probable reserve additions for Company Interest Reserves were 
2,693 mboe in 2012 which replaced 118% of annual production of 2,282 mboe.

Gross Working Interest Reserves (Working Interest only)

Summary as at December 31, 2012
                                     Natural
                 Light &                Gas                   Oil
               Medium Oil  Heavy Oil Liquids  Natural Gas  Equivalent
                 (mbbl)     (mbbl)   (mbbl)     (mmcf)       (mboe)

Proved                                                               

Developed            8,928     1,341    1,164       17,669     14,378
Producing 

Developed              409       133        7          193        580
Non-producing 

Undeveloped          3,901       292      416        9,565      6,204

Total Proved        13,238     1,766    1,587       27,427     21,162

Probable             9,372     2,836    1,045       20,762     16,714

Total Proved +      22,610     4,602    2,632       48,189     37,876
Probable 

Present Value of Future Net Revenue using Sproule price and cost forecasts 
((1)(2))
($000)
                         Before Income Taxes Discounted at
                               0%         10%        15%

Proved                                                    

Developed Producing        $ 458,765  $ 280,167  $ 237,724

Developed Non-producing       21,783     14,436     12,326

Undeveloped                  147,088     66,250     45,504

Total Proved                 627,636    360,853    295,554

Probable                     683,735    248,654    173,426

Total Proved + Probable  $ 1,311,371  $ 609,507  $ 468,980
                                                                       

(1) Longview's crude oil, natural gas and natural gas
    liquid reserves were evaluated using Sproule's
    product price forecast effective December 31, 2012
    prior to the provision for income taxes, interests,
    debt services charges and general and
    administrative expenses. It should not be assumed
    that the discounted future revenue estimated by
    Sproule represents the fair market value of the
    reserves.

(2) Assumes that development of each property will
    occur, without regard to the likely availability to
    the Company of funding required for that
    development.

Sproule Price Forecasts

The present value of future net revenue at December 31, 2012 was based upon 
crude oil and natural gas pricing assumptions prepared by Sproule effective 
December 31, 2012. These forecasts are adjusted for reserve quality, 
transportation charges and the provision of any applicable sales contracts. 
The price assumptions used over the next seven years are summarized in the 
table below:
            WTI       Edmonton       Alberta      Henry Hub     Exchange


     Crude Oil     Light         AECO-C        Natural        Rate
Year                 Crude Oil     Natural Gas       Gas             
     ($US/bbl)                                             ($US/$Cdn) 


                     ($Cdn/bbl)   ($Cdn/mmbtu)   ($US/mmbtu)

2013        89.63        84.55          3.31          3.65         1.001

2014        89.93        89.84          3.72          4.06         1.001

2015        88.29        88.21          3.91          4.24         1.001

2016        95.52        95.43          4.70          5.04         1.001

2017        96.96        96.87          5.32          5.66         1.001

2018        98.41        98.32          5.40          5.74         1.001

2019        99.89       99.79           5.49          5.83         1.001

Net Asset Value using Sproule price and cost forecasts (before income taxes)

The following net asset value ("NAV") table shows what is normally referred to 
as a "produce-out" NAV calculation under which the current value of the 
Company's reserves would be produced at forecast future prices and costs. The 
value is a snapshot in time and is based on various assumptions including 
commodity prices and foreign exchange rates that vary over time.
                                 Before Income Taxes Discounted at 
                                        

($000, except per                0%             10%              15%
share amounts)

Net asset value per
share( )- December         $     31.09     $     15.12     $      11.84
31, 2011

Present value proved
and probable               $ 1,311,371     $   609,507     $    468,980
reserves 

Undeveloped acreage     (  )    48,886   ( )    48,886   ( )     48,886
and seismic( (2))

Working capital               (12,764)        (12,764)         (12,764)
(deficit) and other  

Bank debt                    (111,895)       (111,895)        (111,895)

Net asset value -          $ 1,235,598     $   533,734     $    393,207
December 31, 2012 

Net asset value per
share ((1)) -              $     26.38     $     11.40     $       8.40
December 31, 2012
                                                                       

(1) Based on 46.84 million shares outstanding at December 31,
    2012.

(2) Internal estimate.

Gross Working Interest Reserves Reconciliation
                Light &    Heavy    Natural    Natural        Oil
                Medium      Oil       Gas        Gas       Equivalent


              Oil      (mbbl)    Liquids    (mmcf)      (mboe)
Proved           (mbbl)              (mbbl) 
Opening
balance Dec.     12,691     2,060      1,495     26,741        20,703
31, 2011   
Extensions          120       143        178      4,227         1,145 
Improved              -         -          -          -             -
recovery 
Infill              869        31         65        594         1,064
drilling  
Discoveries           -         -          -          -             - 
Economic              2       (1)       (18)      (496)         (100)
factors  
Technical           835     (219)         77      (368)           632
revisions  
Acquisitions          -         -          -          -             - 
Dispositions          -         -          -          -             - 
Production      (1,279)     (248)      (210)    (3,271)       (2,282)
( )  


                                                           

Closing
balance at       13,238     1,766      1,587     27,427        21,162
Dec. 31,
2012 
                                                           
                Light &    Heavy    Natural     Natural       Oil


            Medium      Oil       Gas        Gas      Equivalent
Proved +          Oil     (mbbl)    Liquids     (mmcf)       (mboe)
Probable        (mbbl)               (mbbl) 
Opening
balance Dec.     22,115     5,055      2,464     47,677        37,580
31, 2011 
Extensions          333       300        266      6,342         1,956 
Improved              -         -          -          -             -
recovery  
Infill            1,460        26         99        898         1,736
drilling  
Discoveries           -         -          -          -             - 
Economic             37       (1)        (6)      (161)             4
factors 
Technical          (56)     (530)         19    (3,296)       (1,118)
revisions  
Acquisitions          -         -          -          -             - 
Dispositions          -         -          -          -             - 
Production      (1,279)     (248)      (210)    (3,271)       (2,282) 
                                                        
Closing
balance at       22,610     4,602      2,632     48,189        37,876
Dec. 31, 2012 
Finding, Development & Acquisitions Costs ("FD&A") ((1)(2)(3)) 
2012 FD&A Costs - Gross Working Interest Reserves excluding Future Development 
Capital 
                                       Proved     Proved + Probable 
Capital expenditures ($000)               $  44,491    $         44,491 
Acquisitions net of dispositions ($000)           -                   - 
Total capital ($000)                      $  44,491    $         44,491 
                                                       
Total mboe, end of year                      21,162              37,876 
Total mboe, beginning of year                20,703              37,580 
Production, mboe                              2,282               2,282 
Reserve additions, mboe                       2,741               2,578 
                                                       
FD&A costs ($/boe)                                                      
2012                                    $   16.23    $          17.26 
2011                                    $   26.14    $          15.07 
Three year average( (4))                $   25.08    $          15.21 
F&D costs ($/boe)                                                       
2012                                    $   16.23    $          17.26 
2011                                    $   17.40    $          16.48 
Three year average( (4))                $   16.86    $          16.82 
NI 51-101
2012 FD&A Costs - Gross Working Interest Reserves including Future Development 
Capital 
                                        Proved   Proved + Probable 
Capital expenditures ($000)               $  44,491 $           44,491 
Acquisitions net of dispositions ($000)           -                  - 
Net change in Future Development Capital     22,455             30,531
($000)  
Total capital ($000)                      $  66,946 $           75,022 
Reserve additions, mboe                       2,741              2,578 


                                                       

FD&A costs ($/boe)                                                    

  2012                                    $   24.42 $            29.10

  2011                                    $   27.81 $            16.43

  Three year average( (4))                $   27.45 $            17.20

F&D costs ($/boe)                                                     

  2012                                    $   24.42 $            29.10

  2011                                    $   29.56 $            32.63

  Three year average( (4))                $   27.18 $            31.09

(1)  Under NI 51-101, the methodology to be used to calculate FD&A
     costs includes incorporating changes in future development capital
     ("FDC") required to bring the proved undeveloped and probable
     reserves to production. For continuity, Longview has presented
     herein FD&A costs calculated both excluding and including FDC.

(2)  The aggregate of the exploration and development costs incurred in
     the most recent financial year and the change during that year in
     estimated future development costs generally will not reflect
     total finding and development costs related to reserves additions
     for that year. Changes in forecast FDC occur annually as a result
     of development activities, acquisition and disposition activities
     and capital cost estimates that reflect Sproule's best estimate of
     what it will cost to bring the proved undeveloped and probable
     reserves on production.

(3)  In all cases, the FD&A number is calculated by dividing the
     identified capital expenditures by the applicable reserve
     additions.  Boes may be misleading, particularly if used in
     isolation.  A boe conversion ratio of 6 MCF:1 BBL is based on an
     energy equivalency conversion method primarily applicable at the
     burner tip and does not represent a value equivalency at the
     wellhead. Given that the value ratio based on the current price of
     crude oil as compared to natural gas is significantly different
     from the energy equivalency of 6:1, utilizing a conversion on a
     6:1 basis may be misleading as an indication of value.

(4)  Longview commenced operations on April 14, 2011 with the
     acquisition of certain oil-weighted assets from Advantage Oil &
     Gas Ltd. Therefore, the three year average figures are calculated
     beginning April 14, 2011.

Forward-Looking Statements

Certain information regarding Longview set forth in this press release, 
including management's assessment of the Corporation's future plans and 
operations, contains forward-looking statements that involve substantial known 
and unknown risks and uncertainties. The use of any of the words "anticipate", 
"continue", "estimate", "expect", "may", "will", "project", "should", 
"believe" and similar expressions are intended to identify forward looking 
statements. Such statements represent Longview's internal projections, 
estimates or beliefs concerning, among other things, an outlook on the 
estimated amounts and timing of capital expenditures or other expectations, 
beliefs, plans, objectives, assumptions, intentions or statements about future 
events or performance. These statements are only predictions and actual events 
or results may differ materially. Although Longview believes that the 
expectations reflected in the forward-looking statements are reasonable, it 
cannot guarantee future results, levels of activity, performance or 
achievement since such expectations are inherently subject to significant 
business, economic, competitive, political and social uncertainties and 
contingencies. Many factors could cause Longview's actual results to differ 
materially from those expressed or implied in any forward-looking statements 
made by, or on behalf of, Longview.

In particular, forward-looking statements included in this press release 
include, but are not limited to, statements with respect to the Corporation's 
dividend policy; Longview's anticipated average daily production, product mix, 
royalty rates, operating expenses and capital expenditures for the year ended 
December 31, 2013; the Corporation's 2013 capital program; the Corporation's 
anticipated drilling and recompletion activities; anticipated growth in total 
corporate production related to crude oil and NGLs in 2013; crude oil and 
natural gas production levels; Longview's business strategy; and the 
Corporation's plans to monitor funds from operations, its dividend policy and 
capital expenditure commitments to ensure that are substantially balanced. 
In addition, statements relating to "reserves" are deemed to be forward 
looking statements, as they involve the implied assessment, based on certain 
estimates and assumptions, that the resources and reserves described can be 
profitably produced in the future.

These forward-looking statements are subject to numerous risks and 
uncertainties, certain of which are beyond the Corporation's control, 
including the impact of general economic conditions; volatility in market 
prices for crude oil and natural gas; industry conditions; volatility of 
commodity prices; currency fluctuation; imprecision of reserve estimates; 
liabilities inherent in crude oil and natural gas operations; environmental 
risks; incorrect assessments of the value of acquisitions and exploration and 
development programs; competition from other producers; the lack of 
availability of qualified personnel or management; changes in tax laws, 
royalty regimes and incentive programs relating to the oil and gas industry; 
changes to legislation and regulations and how they are interpreted and 
enforced; hazards such as fire, explosion, blowouts, cratering, and spills, 
each of which could result in substantial damage to wells, production 
facilities, other property and the environment or in personal injury; 
unexpected drilling results; changes or fluctuations in production levels; 
delays in anticipated timing of drilling and completion of wells; stock market 
volatility; ability to access sufficient capital from internal and external 
sources and the other risks considered under "Risk Factors" in Longview's 
Annual Information Form, which is available on www.sedar.com and 
www.longviewoil.com.

With respect to forward-looking statements contained in this press release, 
Longview has made assumptions regarding: current commodity prices and royalty 
regimes; availability of skilled labour; timing and amount of capital 
expenditures; future exchange rates; the price of oil and natural gas; the 
impact of increasing competition; conditions in general economic and financial 
markets; availability of drilling and related equipment; effects of regulation 
by governmental agencies; royalty rates; future operating costs; that the 
Corporation will have sufficient cash flow, debt or equity sources or other 
financial resources required to fund its capital and operating expenditures 
and requirements as needed; that the Corporation's conduct and results of 
operations will be consistent with its expectations; that the Corporation will 
have the ability to develop the Corporation's properties in the manner 
currently contemplated; current or, where applicable, proposed assumed 
industry conditions, laws and regulations will continue in effect or as 
anticipated; and the estimates of the Corporation's production and reserves 
volumes and the assumptions related thereto (including commodity prices and 
development costs) are accurate in all material respects.

Management has included the above summary of assumptions and risks related to 
forward-looking information provided in this press release in order to provide 
shareholders with a more complete perspective on Longview's future operations 
and such information may not be appropriate for other purposes. Longview's 
actual results, performance or achievement could differ materially from those 
expressed in, or implied by, these forward-looking statements and, 
accordingly, no assurance can be given that any of the events anticipated by 
the forward-looking statements will transpire or occur, or if any of them do 
so, what benefits that the Corporation will derive there from. Readers are 
cautioned that the foregoing lists of factors are not exhaustive. These 
forward-looking statements are made as of the date of this press release and 
the Corporation disclaims any intent or obligation to update publicly any 
forward-looking statements, whether as a result of new information, future 
events or results or otherwise, other than as required by applicable 
securities laws.

"boes" may be misleading, particularly if used in isolation. A boe conversion 
ratio of six thousand cubic feet of natural gas to one barrel of oil 
equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method 
primarily applicable at the burner tip and does not represent a value 
equivalency at the wellhead. Given that the value ratio based on the current 
price of crude oil as compared to natural gas is significantly different from 
the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be 
misleading as an indication of value.

Investor Relations Toll free: 1-855-813-0313

LONGVIEW OIL CORP. 700, 400 -3rd Avenue SW Calgary, Alberta T2P 4H2 Phone: 
(403) 718-8000 Fax: (403) 718-8300 Web Site:www.longviewoil.com 
E-mail:ir@longviewoil.com

SOURCE: Longview Oil Corp.

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/March2013/27/c8625.html

CO: Longview Oil Corp.
ST: Alberta
NI: OIL ERN 

-0- Mar/27/2013 06:42 GMT


 
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