Canetic Resources Trust to release first quarter results and Annual General Meeting webcast
May 05 2006 - 6:00PM
PR Newswire (US)
CALGARY, May 5 /PRNewswire-FirstCall/ -- (CNE.UN - TSX; CNE - NYSE)
- Canetic Resources Trust announced today that it will webcast a
portion of the meeting on Tuesday, May 9, 2006 at the Metropolitan
Convention Centre in Calgary, Alberta. The business portion of the
Annual General Meeting is scheduled to begin at 3:00 p.m. (MT). Mr.
Paul Charron, President and CEO will present his remarks at
approximately 3:15 p.m. (MT). The Trust will also release its first
quarter results immediately following close of markets on Tuesday,
May 9, 2006. To listen to this live webcast please visit Canetic's
website at http://www.canetictrust.com/. Please access the site at
least 10 minutes prior to the scheduled start time of the
presentation. The presentation and first quarter results will also
be archived on the Trust's website. 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
is one of the largest producers in the oil and gas trust sector,
with a production mix of 60 percent oil liquids and 40 percent
natural gas .The Trust has long life high quality assets in western
Canada with approximately a 9 year reserve life index on a proved
and probable basis. 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 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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