ZARGON ENERGY TRUST
TSX : ZAR.UN

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

Zargon Oil & Gas Ltd.

June 17, 2005 12:02 ET

Zargon Energy Trust Confirms June 2005 Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - June 17, 2005) - Zargon Energy Trust (TSX:ZAR.UN) ("Zargon") confirms that the monthly cash distribution for the month of June in the amount of Cdn. $0.14 per trust unit will be paid on July 15, 2005 to unitholders of record on June 30, 2005. The ex-distribution date is June 28, 2005.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 16.004 million trust units (ZAR.UN) and 2.603 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the June 15, 2005 revised exchange ratio there would be a total of 18.767 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