ZARGON ENERGY TRUST
TSX : ZAR.UN

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

Zargon Oil & Gas Ltd.

August 15, 2006 10:15 ET

Zargon Energy Trust Confirms August 2006 Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - Aug. 15, 2006) - Zargon Energy Trust (TSX:ZAR.UN) (TSX:ZOG.B) ("Zargon") confirms that the monthly cash distribution for the month of August in the amount of Cdn. $0.18 per trust unit will be paid on September 15, 2006 to unitholders of record on August 31, 2006. The ex-distribution date is August 29, 2006.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 16.657 million trust units (ZAR.UN) and 2.286 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the August 15, 2006 revised exchange ratio there would be a total of 19.322 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
    or
    B.C. Heagy
    Vice President, Finance and Chief Financial Officer