ZARGON ENERGY TRUST
TSX : ZAR.UN

ZARGON ENERGY TRUST
Zargon Oil & Gas Ltd.
TSX : ZAR

Zargon Oil & Gas Ltd.

October 15, 2007 12:32 ET

Zargon Energy Trust Confirms October 2007 Cash Distribution

CALGARY, ALBERTA--(Marketwire - Oct. 15, 2007) - Zargon Energy Trust (TSX:ZAR.UN) (TSX:ZOG.B) ("Zargon") confirms that the monthly cash distribution for the month of October in the amount of Cdn. $0.18 per trust unit will be paid on November 15, 2007 to unitholders of record on October 31, 2007. The ex-distribution date is October 29, 2007.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 17.040 million trust units (TSX:ZAR.UN) and 2.099 million exchangeable shares (TSX:ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the October 15, 2007 revised exchange ratio there would be a total of 19.721 million trust units outstanding.

In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.

Contact Information

  • Zargon Energy Trust
    C.H. Hansen
    President and Chief Executive Officer
    (403) 264-9992
    or
    B.C. Heagy
    Executive Vice President and Chief Financial Officer
    (403) 264-9992
    Email: zargon@zargon.ca
    Website: www.zargon.ca