Bonnett's Energy Services Trust completes sale of frac assets



    TSX SYMBOL: BT.UN

    CALGARY, Jan. 4 /CNW/ - Bonnett's Energy Services Trust (the "Trust" or
"Bonnett's") is pleased to announce that it has completed the sale of two
additional pieces of fracturing equipment for $2.7 million, subject to
adjustment, relating to its previously announced sale of two multi-pumper
conventional fracturing spreads and related equipment. This equipment was
under construction at the time of the original transaction and was not
included at that time. This completes the sale of all the fracturing equipment
owned by Bonnett's.
    Bonnett's has received approximately $1.35 million of the purchase price
at the closing of the transaction, with the remaining $1.35 million, as
adjusted, to be received on or before January 24, 2007.
    Bonnett's will use the proceeds from this sale to further repay the
outstanding indebtedness under its syndicated credit facility.

    Disclosure Regarding Forward-Looking Statements

    Certain statements contained in this news release constitute
forward-looking statements. When used in this document, the words "may",
"would", "could", "will", "intend", "plan", "anticipate", "believe", "seek",
"propose", "estimate", "expect", and similar expressions, as they relate to
the Trust, are intended to identify forward-looking statements. Such
statements reflect the Trust's current views with respect to future events and
are subject to certain risks, uncertainties and assumptions. Many factors
could cause the Trust's actual results, performance or achievements to vary
from those anticipated in this news release. Should one or more of these risks
or uncertainties materialize, or should assumptions underlying forward-looking
statements prove incorrect, actual results may vary materially from those
described in this news release as intended, planned, anticipated, believed,
estimated or expected. Except where required by law, the Trust does not assume
any obligation to update these forward-looking statements if conditions or
opinions should change. Readers should not place undue reliance on
forward-looking statements.

    Additional Information

    Additional information relating to the Trust is filed on SEDAR and can be
viewed at www.sedar.com. This information includes the Trust's Annual
Information Form dated March 31, 2007. Information can also be obtained by
contacting the Trust at Bonnett's Energy Services Ltd., R.R. 2, Site 33, Box
1, Grande Prairie, Alberta T8V 2Z9. Information is also available at the
Trust's website at www.bonnettsenergy.com.

    %SEDAR: 00022595E




For further information:

For further information: Murray Toews, Chief Executive Officer or Kelvin
Torgerson, Chief Financial Officer at (780) 830-2705, Fax: (780) 532-4811,
E-mail: info@bonnettsenergy.com

Organization Profile

BONNETT'S ENERGY SERVICES TRUST

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