ZARGON ENERGY TRUST
TSX : ZAR.UN

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

Zargon Oil & Gas Ltd.

November 15, 2006 12:45 ET

Zargon Energy Trust Confirms November 2006 Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - Nov. 15, 2006) - Zargon Energy Trust ("Zargon") (TSX:ZAR.UN)(TSX:ZOG.B) confirms that the monthly cash distribution for the month of November in the amount of Cdn. $0.18 per trust unit will be paid on December 15, 2006 to unitholders of record on November 30, 2006. The ex-distribution date is November 28, 2006.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 16.718 million trust units (ZAR.UN) and 2.267 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the November 15, 2006 revised exchange ratio there would be a total of 19.406 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
    Vice President, Finance and Chief Financial Officer
    (403) 264-9992
    Email: zargon@zargon.ca
    Website: www.zargon.ca