Canetic Resources Trust announces monthly distribution
2006年3月16日 - 3:11AM
PRニュース・ワイアー (英語)
CALGARY, March 15 /PRNewswire-FirstCall/ -- (CNE.UN - TSX; CNE -
NYSE) - Canetic Resources Trust is pleased to announce that a cash
distribution of C$0.23 per trust unit will be paid on April 13,
2006 to unitholders of record on March 31, 2006. The trust units of
Canetic will commence trading on an ex- distribution basis on March
29, 2006. Using a Canadian to U.S. dollar exchange rate of 0.87,
the distribution amount is approximately U.S.$0.20 per Trust Unit.
The actual U.S. dollar equivalent distribution will be based upon
the U.S./Canadian exchange rate in effect on the payment date, net
of applicable Canadian withholding taxes. Canetic's predecessor,
Acclaim Energy Trust, established an objective of providing
consistent cash distributions and has provided unitholders with
stable and increasing distributions for more than four years.
Following the merger between Acclaim and StarPoint, the
distribution level was increased to its current rate beginning with
the January 31, 2006 record date. Canetic Resources Trust trades on
the TSX and the NYSE and was formed on January 5, 2006, from the
merger of Acclaim Energy Trust and StarPoint Energy Trust. Canetic
produces approximately 75,000 boe/d, weighted 60 percent to oil and
liquids and 40 per cent to natural gas. The Trust has approximately
a 9 year reserve life index on a proved and probable basis, and is
one of the largest producers of conventional oil and gas in the
Canadian royalty trust sector. For further information, please see
the website at http://www.canetictrust.com/ or contact Canetic
investor relations by email at: or by toll free telephone at
1-877-539-6300. ADVISORY: Certain information regarding Canetic
Resources Trust including management's assessment of future plans
and operations, reserve and production estimates, drilling
inventory, and Canetic's distribution policy may constitute
forward-looking statements under applicable securities law and
necessarily involve risks, including, without limitation, risks
associated with oil and gas exploration, development, exploitation,
production, marketing and transportation, loss of markets,
volatility of commodity prices, currency fluctuations, imprecision
of reserve estimates, environmental risks, competition, incorrect
assessment of the value of acquisitions, failure to realize the
anticipated benefits of acquisitions and ability to access
sufficient capital from internal and external sources; failure to
obtain required regulatory approvals. As a consequence, actual
results may differ materially from those anticipated in the
forward-looking statements. Readers are cautioned that the
foregoing list of factors is not exhaustive. Additional information
on these and other factors that could affect Canetic's operations
or financial results are included in reports on file with Canadian
securities regulatory authorities and may be accessed through the
SEDAR website (http://www.sedar.com/) or at Canetic's website
(http://www.canetictrust.com/). Furthermore, the forward-looking
statements contained in this news release are made as of the date
of this news release, and none Canetic undertakes no obligation to
update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be expressly required by applicable
securities law. Where reserves or production are stated on a barrel
of oil equivalent (BOE) basis, natural gas volumes have been
converted to a barrel of oil equivalent (BOE) at a ratio of six
thousand cubic feet of natural gas to one barrel of oil. This
conversion ratio is based upon an energy equivalent conversion
method primarily applicable at the burner tip and does not
represent value equivalence at the wellhead. BOEs may be
misleading, particularly if used in isolation. Our reserve life is
calculated using proved plus probable reserves at year-end divided
by Canetic's 2006 production guidance. DATASOURCE: Canetic
Resources Trust CONTACT: Investor Relations, (403) 539-6300, ,
http://www.canetictrust.com/; To request a free copy of this
organization's annual report, please go to http://www.newswire.ca/
and click on Tools for Investors.
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