TSX SYMBOL: PEY.UN
CALGARY, Oct. 15 /CNW/ - Peyto Energy Trust ("Peyto") confirms that the monthly distribution with respect to October 2007 of $0.14 per trust unit is to be paid on November 15, 2007, for unitholders of record on October 31, 2007. The ex-distribution date is October 29, 2007.
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 105.7 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 www.peyto.com.
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.