Canetic Resources Trust announces monthly distribution
September 15 2006 - 5:00PM
PR Newswire (US)
CALGARY, Sept. 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 October 13,
2006 to unitholders of record on September 29, 2006. The trust
units of Canetic will commence trading on an ex-distribution basis
on September 27, 2006. Using a Canadian to U.S. dollar exchange
rate of $0.89, the distribution amount is approximately U.S $0.20
per Trust Unit. The actual U.S. dollar equivalent distribution for
unitholders who hold units through a brokerage firm will be based
upon the U.S./Canadian exchange rate in effect on the payment date,
net of applicable Canadian withholding taxes. Registered
unitholders are paid directly by Canetic's transfer agent,
Computershare, and the distribution will be based on the
U.S./Canadian exchange rate as of the date of record, net of
applicable Canadian withholding taxes. Canetic, together with its
predecessor, Acclaim Energy Trust, has the objective of providing
consistent cash distributions and has provided unitholders with
stable or increasing distributions for more than four years.
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 conventional oil and gas trust sector, with a current
production mix of 53 percent oil and liquids and 47 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 plus
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 reserve estimates, production estimates,
exchange rates, Canadian withholding taxes 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, ability to access sufficient capital from internal
and external sources; failure to obtain required regulatory
approvals, changes in legislation, including but not limited to tax
laws and environmental regulations. 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
applicable securities regulatory authorities and may be accessed
through the SEDAR website (http://www.sedar.com/), the EDGAR
website (http://www.edgar.com/) or at Canetic's website
(http://www.canetictrust.com/). DATASOURCE: Canetic Resources Trust
CONTACT: Investor Relations, (403) 539-6300, Toll Free:
1-877-539-6300, , http://www.canetictrust.com/
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