Enterra Energy Trust
NASDAQ : EENC
TSX : ENT.UN

Enterra Energy Trust

June 16, 2005 08:45 ET

Enterra Energy Trust Announces Increase in Distribution for July 2005 of $US0.16

CALGARY, Alberta--(CCNMatthews - Jun 16, 2005) -

Enterra Energy Trust (TSX: ENT.UN, NASDAQ: EENC) today announces that a cash distribution of US$0.16 per trust unit will be paid on July 15, 2005 in respect of the June 2005 production. The distribution will be paid in $US funds to unitholders of record at the close of business June 30, 2005. The ex-distribution date is June 28, 2005.

This is the sixth increase in the monthly cash distribution since January 2004, when Enterra began paying cash distributions representing a 60% increase in monthly cash distributions.

Effective for distributions paid in 2005, the Canadian non-resident withholding tax will be applied to 100% of the distribution, to comply with recent proposed tax regulation changes. The withholding tax rate is typically 15% for U.S. residents.

Contact Information

  • Enterra Energy Trust
    Reg Greenslade
    403-213-2507
    or
    Enterra Energy Trust
    Keith Conrad
    403-444-4424
    403-444-0100 (FAX)
    www.enterraenergy.com
    or
    The Equity Group
    Linda Latman
    Investor Relations Counsel
    212-836-9609
    403-444-0100 (FAX)
    or
    The Equity Group
    Andreas Marathovouniotis
    212-836-9611
    403-444-0100 (FAX)
    www.theequitygroup.com