Trilogy Energy Trust
TSX : TET.UN

Trilogy Energy Trust

September 21, 2005 15:13 ET

Trilogy Energy Trust Announces Increase to Monthly Distribution

CALGARY, ALBERTA--(CCNMatthews - Sept. 21, 2005) - Trilogy Energy Trust ("TET" or the "Trust") (TSX:TET.UN) today announced that its cash distribution for September 2005 will be $0.25 per Trust Unit, which is $0.09 or 56% higher per Trust Unit than the monthly distribution of $0.16 per Trust Unit paid by the Trust since its inception in April 2005. The distribution is payable on October 17, 2005 to unitholders of record on September 30, 2005. The ex-distribution date is September 28, 2005.

The board of directors of Trilogy Energy Ltd. ("TEL"), the administrator of the Trust, increased the distribution for September 2005 due to the Trust having more distributable cash as a result of higher commodity prices. The Trust expects that monthly distributions of $0.25 per Trust Unit will be sustainable for the foreseeable future, assuming current commodity price forecasts for petroleum and natural gas prices and based on current production estimates.

Under the Trust's governing documents, the Trust, like most trusts, is required to make distributions each year at least equal to its net income for tax purposes for the year. The anticipated increase in monthly cash distributions for the remainder of the year will assist in satisfying this requirement for 2005. However, additional distributions to unitholders in 2005 may be necessary to satisfy this requirement.

About TET

Trilogy Energy Trust is a petroleum and natural gas-focused Canadian energy trust. TET's Trust Units are listed on the Toronto Stock Exchange under the symbol "TET.UN".

Forward-looking Information

This news release contains forward-looking information. Implicit in this information are assumptions regarding petroleum and natural gas prices, production, royalties and expenses which, although considered reasonable by TET at the time of preparation, may prove to be incorrect. These forward-looking statements are based on assumptions that involve a number of risks and uncertainties and are not guarantees of future performance.

Actual results could differ materially as a result of changes in TET's plans, changes in commodity prices, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee by TET that actual results achieved will be the same as those forecast herein.

Contact Information

  • Trilogy Energy Trust
    J.H.T. (Jim) Riddell
    President and Chief Executive Officer
    (403) 290-2900
    or
    Trilogy Energy Trust
    B.K. (Bernie) Lee
    Chief Financial Officer
    (403) 290-2900
    or
    Trilogy Energy Trust
    J. B. (John) Williams
    Chief Operating Officer
    (403) 290-2900
    or
    Trilogy Energy Trust c/o Trilogy Energy Ltd.
    4100 - 350 - 7th Avenue S. W.
    Calgary, Alberta T2P 3N9
    (403) 290-2900
    (403) 263-8915 (FAX)
    Website: www.trilogyenergy.com