ZARGON ENERGY TRUST
TSX : ZAR.UN

ZARGON ENERGY TRUST
Zargon Oil & Gas Ltd.
TSX : ZAR

Zargon Oil & Gas Ltd.

April 16, 2007 15:42 ET

Zargon Energy Trust Confirms April 2007 Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - April 16, 2007) - Zargon Energy Trust (TSX:ZAR.UN) (TSX:ZOG.B) ("Zargon") confirms that the monthly cash distribution for the month of April in the amount of Cdn. $0.18 per trust unit will be paid on May 15, 2007 to unitholders of record on April 30, 2007. The ex-distribution date is April 26, 2007.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 16.951 million trust units (ZAR.UN) and 2.127 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the April 16, 2007 revised exchange ratio there would be a total of 19.565 million trust units outstanding.

In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.

Contact Information

  • Zargon Energy Trust
    C.H. Hansen
    President and Chief Executive Officer
    (403) 264-9992
    or
    B.C. Heagy
    Executive Vice President and Chief Financial Officer
    (403) 264-9992
    Email: zargon@zargon.ca
    Website: www.zargon.ca