ZARGON ENERGY TRUST
TSX : ZAR.UN

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

Zargon Oil & Gas Ltd.

September 16, 2005 12:57 ET

Zargon Energy Trust Confirms September 2005 Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - Sept. 16, 2005) - Zargon Energy Trust (TSX:ZAR.UN) ("Zargon") confirms that the monthly cash distribution for the month of September in the amount of Cdn. $0.16 per trust unit will be paid on October 17, 2005 to unitholders of record on September 30, 2005. The ex-distribution date is September 28, 2005.

Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 16.187 million trust units (ZAR.UN) and 2.473 million exchangeable shares (ZOG.B) outstanding. After giving effect to the conversion privilege of the exchangeable shares and the September 15, 2005 revised exchange ratio there would be a total of 18.855 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.

Telephone: 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