Trilogy Energy Trust
TSX : TET.UN

Trilogy Energy Trust

March 07, 2008 13:47 ET

Trilogy Energy Trust Implements a Normal Course Issuer Bid

CALGARY, ALBERTA--(Marketwire - March 7, 2008) - Trilogy Energy Trust ("Trilogy" or the "Trust") (TSX:TET.UN) announces today that it has made the necessary filings, and received the necessary approvals, to make a normal course issuer bid through the facilities of the Toronto Stock Exchange. Trilogy may purchase up to 4,771,579 of its trust units ("Trust Units"), representing approximately 5% of the 95,431,578 Trust Units outstanding as at February 29, 2008, for cancellation under the bid. The average daily trading volume of trust units of Trilogy was 220,598 for the period September 1, 2007 to February 29, 2008. Purchases under the bid may be made during the period beginning on March 11, 2008 and ending on March 10, 2009, or on such earlier date as Trilogy may complete its purchases under the bid. The price Trilogy will pay for any Trust Units purchased under the bid will be the market price at the time of purchase.

Trilogy believes that, from time to time, the repurchase of its Trust Units for cancellation could represent an appropriate use of its funds to enhance the underlying value of its remaining Trust Units.

About Trilogy

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

Contact Information

  • Trilogy Energy Trust
    James H.T. Riddell
    President and Chief Executive Officer
    (403) 290-2900
    or
    Trilogy Energy Trust
    Michael G. Kohut
    Chief Financial Officer
    (403) 290-2900
    or
    Trilogy Energy Trust
    John B. Williams
    Chief Operating Officer
    (403) 290-2900
    or
    Trilogy Energy Trust
    1400, 332 - 6th Avenue S.W.
    Calgary, Alberta T2P 0B2
    (403) 290-2900
    (403) 263-8915 (FAX)
    Website: www.trilogyenergy.com