NAL Oil & Gas Trust

NAL Oil & Gas Trust

January 15, 2008 16:42 ET

NAL Oil & Gas Trust Announces February Distribution to Unitholders

CALGARY, ALBERTA--(Marketwire - Jan. 15, 2008) - NAL Oil & Gas Trust (the "Trust") (TSX:NAE.UN) will pay a distribution of $0.16 per unit on February 15, 2008, to Unitholders of record on January 22, 2008. The units will begin trading ex-distribution on January 18, 2008.

Trailing cash distributions for the past 12 months total $1.92 per unit, representing a 17.1% cash-on-cash yield based on the January 09, 2008 closing unit price of $11.23.

NAL Oil & Gas is an open-end investment trust that generates distributions through the acquisition, development, production and marketing of oil, natural gas and natural gas liquids. The Trust owns high quality assets in Alberta, Saskatchewan and Ontario. Trust units trade on the Toronto Stock Exchange under the symbol "NAE.UN".

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