ZARGON ENERGY TRUST
TSX : ZAR.UN

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

Zargon Oil & Gas Ltd.

October 16, 2006 09:30 ET

Zargon Energy Trust Confirms October 2006 Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - Oct. 16, 2006) - Zargon Energy Trust ("Zargon") (TSX:ZAR.UN) (TSX:ZOG.B) confirms that the monthly cash distribution for the month of October in the amount of Cdn. $0.18 per trust unit will be paid on November 15, 2006 to unitholders of record on October 31, 2006. The ex-distribution date is October 27, 2006.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 16.712 million trust units (ZAR.UN) and 2.272 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the October 16, 2006 revised exchange ratio there would be a total of 19.391 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
    or
    Zargon Energy Trust
    (403) 264-9992
    Email: zargon@zargon.ca
    Website: www.zargon.ca