Enterra Energy Trust

Enterra Energy Trust

March 17, 2005 09:57 ET

Enterra Energy Trust Announces Increase in Distribution for March 2005 of $US0.15




MARCH 17, 2005 - 09:57 ET

Enterra Energy Trust Announces Increase in
Distribution for March 2005 of $US0.15

CALGARY, ALBERTA--(CCNMatthews - March 17, 2005) -

Reschedules Fourth Quarter Release and Conference Call to March 31, 2005

Enterra Energy Trust (TSX:ENT.UN)(NASDAQ:EENC) today announces that a
cash distribution of US$0.15 per trust unit will be paid on April 15,
2005 in respect of the March 2005 production. The distribution will be
paid in $US funds to unitholders of record at the close of business
March 31, 2005. The ex-distribution date is March 29, 2005.

This is the fifth increase in the monthly cash distribution since
January 2004, when Enterra began paying cash distributions representing
a 50% 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.

Enterra also noted that due to activities surrounding a pending
acquisition along with recent changes in management, it is rescheduling
its release of financial results for the fourth quarter ended December
31, 2004 to Thursday, March 31, 2005, prior to the opening of the stock
market. As such, management will host its conference call later that
morning at 11:00 am Eastern Time/9:00 am Mountain Time, to discuss these
results, recent corporate news and the outlook for the Trust. Interested
parties may participate in the call by dialing 706-679-3057. Please call
in 10 minutes before the conference is scheduled to begin and ask for
the Enterra Energy conference call. After opening remarks, there will be
a question and answer period; questions may be e-mailed in advance to

This conference call will be webcast live over the Internet on the
homepage of the Trust's website at www.enterraenergy.com. To listen to
the live call, please go to Enterra Energy's website at least 15 minutes
early to register, and if necessary, download and install any audio
software. If you are unable to listen live, the conference call will be
archived and can be accessed for approximately 90 days.


Contact Information

  • Enterra Energy Trust
    Reg Greenslade
    (403) 213-2507
    Investor Relations Counsel:
    The Equity Group
    Linda Latman
    (212) 836-9609
    Investor Relations Counsel:
    The Equity Group
    Rob Greenberg
    (212) 836-9611
    Website: www.theequitygroup.com