Vault Energy Trust
TSX : VNG.UN

Vault Energy Trust

May 03, 2007 18:46 ET

Vault Energy Provides Commodity Hedging Update

CALGARY, ALBERTA--(CCNMatthews - May 3, 2007) - Vault Energy Trust (Vault) (TSX:VNG.UN) announces an update to its existing hedging program. As part of its ongoing risk management program to further protect cash flows, capital expenditure programs and the balance sheet, Vault continues to actively hedge and has layered in the following hedges for 2008 and 2009 as outlined in the table below:



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Commodity Term Volume Average Price
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OIL- WTI SWAP 2008 500 bpd $ 76.43 CDN
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OIL- Floor with 50% Upside
Participation 2008 500 bpd $ 71.15 CDN
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OIL- WTI SWAP 2009 250 bpd $ 76.15 CDN
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OIL- Floor with 50% Upside
Participation 2009 250 bpd $ 69.20 CDN
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GAS- AECO SWAP Nov 07-Mar 08 2500 gj/d $ 8.61 CDN
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Vault Energy capitalizes on a combination of fixed price swaps, costless collars, and put option structures to provide a balance of downside protection and commodity price upside within the commodity hedging program.

Vault Energy Trust is a conventional oil and gas income trust. Vault units are traded on the Toronto Stock Exchange (TSX) under the symbol "VNG.UN". Convertible debentures of Vault trade on the TSX under the symbols "VNG.DB", and "VNG.DB.A".

Contact Information

  • Vault Energy Trust
    Robert Jepson
    President and Chief Executive Officer
    (403) 444-9662
    or
    Vault Energy Trust
    Greg Fisher
    VP, Finance and Chief Financial Officer
    (403) 444-9651
    or
    Vault Energy Trust
    Nicole Collard
    Investor Relations
    (403) 444-9657
    Email: info@vaultenergy.com
    Website: www.vaultenergy.com