Enterra Energy Trust

Enterra Energy Trust

December 11, 2007 23:05 ET

Enterra Energy Trust Announces Extension of Credit Facilities to December 18, 2007

CALGARY, ALBERTA--(Marketwire - Dec. 11, 2007) - Enterra Energy Trust ("Enterra" or the "Trust") (TSX:ENT.UN)(NYSE:ENT) announces that the maturity date for its credit arrangements has been extended, subject to formal documentation, from December 11, 2007 to December 18, 2007. Enterra is in active discussion with its lenders and believes that the one week extension should provide sufficient time for the negotiation and finalization of longer term arrangements with Enterra's lenders.

Enterra's management made a comprehensive presentation regarding its go-forward business plan to the lenders' syndicate on December 4, 2007. Subsequently, Enterra has made a written request to the lenders' syndicate to consider a specific restructuring plan for the Trust's debt. This plan is under consideration by the lenders' respective credit committees.

Enterra Energy Trust is a conventional oil and gas trust based in Calgary, Alberta. The Trust acquires, operates and exploits petroleum and natural gas assets principally in western Canada and in Oklahoma, U.S.A.

Forward Looking Statements

Certain information in this press release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expects," "seeks" and similar expressions. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with oil and gas production; marketing and transportation; loss of markets; volatility of commodity prices; currency and interest rate fluctuations; imprecision of reserve estimates; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to realize the anticipated benefits of acquisitions or dispositions; inability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to income tax, environmental laws and regulatory matters. Readers are cautioned that the foregoing list of factors is not exhaustive.

Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Additional information on these and other factors that could affect Enterra's operations or financial results are included in Enterra's reports on file with Canadian and U.S. securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com), the SEC's website (www.sec.gov), Enterra's website (www.enterraenergy.com) or by contacting Enterra. Furthermore, the forward looking statements contained in this news release are made as of the date of this news release, and Enterra does not undertake any 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 expressly required by securities law.

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