OAG Holdings LLC Announces Sale of Units of Eagle Energy Trust

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

STEAMBOAT SPRINGS, CO, Sept. 27, 2011 /CNW/ - OAG Holdings LLC ("OAG") announces that, today, an aggregate of 2,000,000 trust units of Eagle Energy Trust (the "Issuer") were sold by it at a price of $10.05 per trust unit. OAG no longer holds any trust units of the Issuer. OAG sold the trust units to a syndicate of investment dealers, pursuant to a designated trade letter. The syndicate will re-offer the trust units via a designated trade (as defined in the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada) to the public in Canada.

The trust units were disposed of in the ordinary course of business, for business purposes only. Keith Bryant Welch, the President and a significant equityholder of OAG continues to hold 54,679 trust units of the Issuer, representing approximately 0.3% of the outstanding trust units of the Issuer as at September 27, 2011. OAG may in the future increase its ownership interest in the Issuer from time to time depending upon the business and prospects of the Issuer and future market conditions.

OAG will file an early warning report pursuant to National Instrument 62-103 "The Early Warning System and Related Take-Over Bid and Insider Reporting Issues" describing the above transaction with applicable securities regulatory authorities, a copy of which will be available at www.sedar.com.  This press release, and the related early warning report, do not constitute an admission that OAG owns or controls any of the trust units held by Mr. Welch or any other trust units of the Issuer, nor does it constitute an admission that Mr. Welch acted jointly or in concert with OAG in acquiring, holding or selling such securities.

SOURCE OAG Holdings, LLC

For further information:

ON OAG HOLDINGS LLC, OR FOR A COPY OF THE EARLY WARNING REPORT, PLEASE CONTACT: 

DeeDee Hooker
OAG Holdings, LLC
1900 Bridge Lane, Unit 5B
Steamboat Springs, Colorado
80487

Telephone:  (970) 871-1250
Fax:   (970) 871-1251

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