ZARGON ENERGY TRUST
TSX : ZAR.UN

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

Zargon Oil & Gas Ltd.

October 15, 2010 16:00 ET

Zargon Energy Trust Confirms October 2010 Cash Distribution

CALGARY, ALBERTA--(Marketwire - Oct. 15, 2010) - 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, 2010 to unitholders of record on October 31, 2010. The ex-distribution date is October 27, 2010.

On April 9, 2010, Zargon announced adoption of a Distribution Reinvestment Plan (the "DRIP"). Eligible unitholders may elect to participate in the DRIP. A complete copy of the DRIP is available on Zargon's website or by calling the Manager Income Trusts, Valiant Trust Company at (403) 233-2801.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 23.809 million trust units (ZAR.UN) and 1.692 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the October 15, 2010 revised exchange ratio there would be a total of 26.853 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
    J.B. Dranchuk
    Vice President, Finance and Chief Financial Officer
    403-264-9992
    zargon@zargon.ca
    www.zargon.ca