ZARGON ENERGY TRUST
TSX : ZAR.UN

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

Zargon Oil & Gas Ltd.

January 17, 2006 12:22 ET

Zargon Energy Trust Confirms January 2006 Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - Jan. 17, 2006) - Zargon Energy Trust ("Zargon") (TSX: ZAR.UN) (TSX:ZOG.B) confirms that the monthly cash distribution for the month of January in the amount of Cdn. $0.18 per trust unit will be paid on February 15, 2006 to unitholders of record on January 31, 2006. The ex-distribution date is January 27, 2006.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 16.355 million trust units (ZAR.UN) and 2.402 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the January 16, 2006 revised exchange ratio there would be a total of 19.045 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.

Phone: (403) 264-9992
E-mail: zargon@zargon.ca
Website: www.zargon.ca

Contact Information

  • Zargon Energy Trust
    C.H. Hansen
    President and Chief Executive Officer
    or
    B.C. Heagy
    Vice President, Finance and Chief Financial Officer