ZARGON ENERGY TRUST
TSX : ZAR.UN

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

Zargon Oil & Gas Ltd.

May 15, 2008 12:07 ET

Zargon Energy Trust Confirms May 2008 Cash Distribution

CALGARY, ALBERTA--(Marketwire - May 15, 2008) - Zargon Energy Trust ("Zargon") (TSX:ZAR.UN) (TSX:ZOG.B) confirms that the monthly cash distribution for the month of May in the amount of Cdn. $0.18 per trust unit will be paid on June 16, 2008 to unitholders of record on May 31, 2008. The ex-distribution date is May 28, 2008.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 17.686 million trust units (ZAR.UN) and 2.056 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the May 15, 2008 revised exchange ratio there would be a total of 20.458 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