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Peyto Energy Trust announces the suspension of its DRIP and OTUPP
Peyto Energy Trust announces the suspension of its DRIP and OTUPP.
About this update from Peyto Exploration & Development Corp.
[{"type":"text","content":"\n\n\n\n\nTSX SYMBOL: PEY.UN\n\nCALGARY, Aug. 18 /CNW/ - The board of directors of Peyto Exploration &\nDevelopment Corp. (the \"Board\") has decided to suspend the operation of the\ndistribution reinvestment plan (\"DRIP\") and optional trust unit purchase plan\n(\"OTUPP\") effective the September 30, 2006 distribution record date. Payments\nassociated with future distribution record dates, including September 30,\n2006, will be paid in cash to all unitholders. Accordingly, the August 31,\n2006 distribution record date will be the last opportunity for unitholders to\nparticipate in the DRIP and OTUPP. The deadline for participation for August\nis 3:00 p.m. (Calgary time) on August 30, 2006. Pursuant to the DRIP and\nOTUPP, the Board has the discretion to resurrect the operation of these plans\nin the future if it is deemed appropriate.\n\nPeyto is a natural gas weighted energy trust. Peyto is committed to\nmaintaining its emphasis on building value through the exploration and\ndevelopment of high quality gas properties.\n\nCertain information set forth in this document, including management's\nassessment of Peyto's future plans and operations, contains forward-looking\nstatements. By their nature, forward-looking statements are subject to\nnumerous risks and uncertainties, some of which are beyond these parties'\ncontrol, including the impact of general economic conditions, industry\nconditions, volatility of commodity prices, currency fluctuations, imprecision\nof reserve estimates, environmental risks, competition from other industry\nparticipants, the lack of availability of qualified personnel or management,\nstock market volatility and ability to access sufficient capital from internal\nand external sources. Readers are cautioned that the assumptions used in the\npreparation of such information, although considered reasonable at the time of\npreparation, may prove to be imprecise and, as such, undue reliance should not\nbe placed on forward-looking statements. Peyto's actual results, performance\nor achievement could differ materially from those expressed in, or implied by,\nthese forward-looking statements and, accordingly, no assurance can be given\nthat any of the events anticipated by the forward-looking statements will\ntranspire or occur, or if any of them do so, what benefits that Peyto will\nderive therefrom. P...