Bonnett's Announces Distribution Reinvestment Plan



    GRANDE PRAIRIE, AB, March 22 /CNW/ - Bonnett's Energy Services Trust
("Bonnett's") announced today the commencement of a Distribution Reinvestment
Plan and Optional Unit Purchase Plan (the "DRIP"). Proceeds of the DRIP will
be used for working capital purposes.
    Under the terms of the DRIP, eligible unitholders of Bonnett's (the
"Unitholders") may elect to automatically reinvest their regular monthly
distributions in additional trust units (the "Units") of Bonnett's, without
incurring any commissions, service charges or brokerage fees. Unitholders who
elect to reinvest cash distributions under the DRIP will receive Units at a
price equal to 95% of the average closing price of the Units on the Toronto
Stock Exchange for the five day trading period ending on the business day
immediately prior to the distribution payment date (the "Average Market
Price").
    Unitholders who participate in the DRIP may also elect to purchase
additional Units by way of cash payment, without incurring any commissions,
service charges or brokerage fees, subject to a maximum contribution of $5,000
per month and a minimum of at least $1,000 per remittance. Units purchased by
way of additional cash payment will be purchased at the Average Market Price,
without discount.
    Units may be purchased under the DRIP commencing with the March 2007 cash
distribution payable on April 16, 2007 to Unitholders of record on March 30,
2007. Units purchased through the DRIP will be issued directly from Bonnett's'
treasury.
    Registered Unitholders may enroll in the distribution reinvestment
component of the Plan by completing an Authorization Form and submitting the
completed form to Valiant Trust Company at the address set out in the DRIP. In
addition, registered Unitholders may enroll in the optional unit purchase
component of the Plan by completing an Optional Cash Payment Form and
submitting the completed form to Valiant Trust Company at the address set out
in the DRIP. Beneficial Unitholders are encouraged to contact their broker or
other intermediary for enrollment information. The DRIP is subject to certain
limitations and restrictions and interested parties are encouraged to review
the full text of the DRIP. The DRIP and the enrollment forms are available on
Bonnett's' website at www.bonnettsenergy.com.

    Bonnett's Energy Services Trust (TSX:BT.UN) is a completion and
production focused trust that provides cased hole wireline, testing, acid
stimulation, fracturing stimulation, nitrogen pumping as well as a line of
oilfield completion/fishing rental equipment and related services to oil and
natural gas exploration and production companies operating in the Western
Canadian Sedimentary Basin ("WCSB").

    %SEDAR: 00022595E




For further information:

For further information: Bonnett's Energy Services Trust,
info@bonnettsenergy.com, Tel: (780) 830-2705

Organization Profile

BONNETT'S ENERGY SERVICES TRUST

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