TSX SYMBOL: PEY.UN
CALGARY, Oct. 15 /CNW/ - Peyto Energy Trust ("Peyto") confirms that the
monthly distribution with respect to October 2008 of $0.15 per trust unit is
to be paid on November 14, 2008, for unitholders of record on October 31,
2008. The ex-distribution date is October 29, 2008.
Peyto will be celebrating its tenth anniversary in the oil and gas
industry on October 23, 2008. Over the past ten years, Peyto has successfully
built an enduring energy business with a foundation of long life, high quality
reserves combined with a strategy of profitably finding and developing new
reserves. Peyto remains committed to this strategy of value creation and its
asset base continues to lead the industry in reserve life and operating costs.
Peyto currently has 105.9 million trust units outstanding which trade on
the Toronto Stock Exchange under the symbol PEY.UN.
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