NAL Oil & Gas Trust

NAL Oil & Gas Trust

September 09, 2010 17:40 ET

NAL Oil & Gas Trust Announces September Distribution & Participation in the 2010 Peters & Co. Oil & Gas Conference

CALGARY, ALBERTA--(Marketwire - Sept. 9, 2010) - NAL Oil & Gas Trust (the "Trust" or "NAL") (TSX:NAE.UN) will pay a distribution of $0.09 per unit on October 15, 2010, to Unitholders of record on September 22, 2010. The units will begin trading on an ex-distribution basis on September 20, 2010.

The current monthly distribution annualized totals $1.08 per unit, and represents a 9.9% cash-on-cash yield based on the September 9, 2010 closing unit price of $10.97.

NAL's Board of Directors sets distribution levels taking into consideration commodity prices, forecast cash flow of the Trust, financial market conditions, availability of financing, internal capital investment opportunities and taxability.

NAL is also pleased to advise that Mr. Andrew Wiswell, President and CEO, will be participating in a panel discussion with peers and providing an update to the Trust's activities in the Cardium oil play in central Alberta and the Mississippian light oil play in southeast Saskatchewan at the Peters & Co. Limited 2010 North American Oil & Gas Conference in Toronto, ON., on Tuesday, September 14, 2010 at 2:15 PM EST. 

Investors are invited to watch a live webcast of this panel discussion at: A replay of the webcast will be available within 24 hours following the webcast for 90 days.

NAL provides investors with a yield-oriented opportunity to participate in the Canadian upstream oil and gas industry. The Trust generates monthly cash distributions for its Unitholders by pursuing a strategy of acquiring, developing, producing and selling crude oil, natural gas and natural gas liquids from pools in southeastern Saskatchewan, Alberta, northeastern British Columbia and Lake Erie, Ontario. Trust units trade on the Toronto Stock Exchange under the symbol "NAE.UN".

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