Business
Peyto Energy Trust confirms cash distributions for September 14, 2007
Peyto Energy Trust confirms cash distributions for September 14, 2007.
About this update from Peyto Exploration & Development Corp.
[{"type":"text","content":"\n\n\n\nTSX SYMBOL: PEY.UN\n\n\nCALGARY, Aug. 9 /CNW/ - Peyto Energy Trust ("Peyto") confirms that the\nmonthly distribution with respect to August 2007 of $0.14 per trust unit is to\nbe paid on September 14, 2007, for unitholders of record on August 31, 2007.\nThe ex-distribution date is August 29, 2007.\n\n\nPeyto believes that the foundation for sustainable distributions comes\nfrom long life, high quality reserves combined with a business of profitably\nfinding and developing new reserves. Our business remains committed to this\nstrategy and our asset base continues to lead the industry in reserve life and\noperating costs. As our current distribution level is well balanced with our\nbusiness needs and high quality assets, we believe it is sustainable and\ncontinues to offer the prospect of growth in the future.\n\n\nPeyto currently has 105.7 million trust units outstanding and remains\ncommitted to building value through the exploration and development of high\nquality gas properties.\n\n\nWe encourage you to actively visit Peyto's website located at\nwww.peyto.com.\n\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 the...