DALLAS, Jan. 22 /PRNewswire-FirstCall/ -- National Energy Group, Inc.
(OTC Bulletin Board: NEGI) ("NEGI" or the "Company") announced today that
it has declared a one-time cash dividend on its outstanding common stock in
the amount of $3.31 per share, or $37,041,051.50 in the aggregate, payable
on February 15, 2007 to stockholders of record as of the close of business
on February 1, 2007.
Forward Looking Statements
This press release may contain projections and other forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act
of 1934, as amended. Any such projections or statements reflect the
Company's current views with respect to future events and financial
performance. No assurances can be given, however, that these events will
occur or that such projections will be achieved and actual results could
differ materially from those projected. A discussion of important factors
that could cause actual results to differ materially from those projected
is included in the Company's periodic reports filed with the Securities and
Exchange Commission.
SOURCE National Energy Group, Inc.
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Related links:
http://www.negx.com
CONTACT:
Bob G. Alexander, or Grace Bricker, both of
National Energy Group, Inc., +1-214-692-9211
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