TSX SYMBOL: PEY.UN
CALGARY, July 14 /CNW/ - Peyto Energy Trust ("Peyto") confirms that the
monthly distribution with respect to July 2008 of $0.15 per trust unit is to
be paid on August 15, 2008, for unitholders of record on July 31, 2008. The
ex-distribution date is July 29, 2008.
Peyto believes that the foundation for sustainable distributions comes
from long life, high quality reserves combined with a business of profitably
finding and developing new reserves. Our business remains committed to this
strategy and our asset base continues to lead the industry in reserve life and
operating costs. As our current distribution level is well balanced with our
business needs and high quality assets, we believe it is sustainable and
continues to offer the prospect of growth in the future.
Peyto currently has 105.9 million trust units outstanding and remains
committed to building value through the exploration and development of high
quality gas properties.
We encourage you to actively visit Peyto's website located at
Certain information set forth in this document, including management's
assessment of Peyto's future plans and operations, contains forward-looking
statements. By their nature, forward-looking statements are subject to
numerous risks and uncertainties, some of which are beyond these parties'
control, including the impact of general economic conditions, industry
conditions, volatility of commodity prices, currency fluctuations, imprecision
of reserve estimates, environmental risks, competition from other industry
participants, the lack of availability of qualified personnel or management,
stock market volatility and ability to access sufficient capital from internal
and external sources. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements. Peyto's actual results, performance
or achievement could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurance can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits that Peyto will
derive therefrom. Peyto disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.
The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Darren Gee, President & CEO, Phone: (403)
237-8911, Fax: (403) 451-4100