CALGARY, Oct. 16 /CNW/ - (AET.UN and ARX - TSX) ARC Energy Trust (the
"Trust") confirms that the cash distribution to be paid on November 15, 2007,
in respect of the October 2007 production, for unitholders of record on
October 31, 2007, will be $0.20 per trust unit. The ex-distribution date is
October 29, 2007.
As at October 16, 2007, the Trust's trailing twelve-month cash
distributions, including the October 15, 2007 payment, total $2.40 per trust
ARC Energy Trust is one of Canada's largest conventional oil and gas
royalty trusts with an enterprise value of approximately $5.1 billion. In
2007, the Trust expects to produce approximately 63,000 barrels of oil
equivalent per day from five core areas in western Canada. ARC Energy Trust
units trade on the TSX under the symbol AET.UN and ARC Resources exchangeable
shares trade under the symbol ARX.
Note: Barrels of oil equivalent (boe) may be misleading, particularly if
used in isolation. In accordance with NI 51-101, a boe conversion ratio for
natural gas of 6 mcf:1 bbl has been used, which is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead.
Contained in this news release is forward-looking information. The reader
is cautioned that assumptions used in the preparations of such information,
particularly those pertaining to cash distributions, production levels,
operating costs and drilling results, although considered reasonable by the
Trust at the time of preparation, may prove to be incorrect. A number of
factors, including, but not limited to: commodity prices, reservoir
performance, weather, drilling performance and industry conditions, may cause
the actual results achieved to vary from projections, anticipated results or
other information provided herein and the variations may be material.
Consequently, there is no representation by the Trust that actual results
achieved will be the same in whole or in part as those presented herein.
John P. Dielwart,
President and Chief Executive Officer
For further information:
For further information: about ARC Energy Trust, please visit our
website www.arcenergytrust.com or contact: Investor Relations, E-mail:
firstname.lastname@example.org, Telephone: (403) 503-8600, Fax: (403) 509-6417, Toll Free
1-888-272-4900; ARC Resources Ltd., Suite 2100, 440 - 2nd Avenue S.W.,
Calgary, AB, T2P 5E9