Aug 12 (Reuters) - Twin Butte Energy Ltd TBE.TO :
* Announces second quarter financial results, continued progress on transition
to higher value asset base and dividend reduction
* Qtrly production of 17,351 boe per day as budgeted
* Says dividend reduction from $0.12 to $0.036 per share on an annual basis
* Board approved reduction to monthly dividend to $0.003 per share effective
August dividend payable on September 15, 2015
* Says no material changes are anticipated for the balance of the 2015 capital
budget or 2015 guidance
* Dividend reduction after considering factors including oil prices weakness
* Qtrly loss per share $0.07
* Dividend reduction considering factors including potential for lower than
expected prices to exist for a longer period of time
* Source text for Eikon ID:nCNWfzprda
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