Enterra Energy Trust Updates Increase to Exchangeable Share Ratios.CALGARY, Alberta -- Enterra Energy Trust (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : ENT ENT ears, nose, and throat (otorhinolaryngology). ENT abbr. ear, nose, and throat ENT ear, nose and throat. ENT Ears, nose & throat; formally, otorhinolaryngology .UN) (NYSE NYSE See: New York Stock Exchange : ENT) updates the increase to the exchange ratio of the exchangeable shares of Enterra Energy Corp. from 1.35771 to 1.38000 and an increase to the exchange ratio of Rocky Mountain Acquisition Corp. exchangeable shares from 1.16065 to 0.01905. These increases are effective on November 15, 2006. The increase in the exchange ratio of Enterra Energy Corp. exchangeable shares is calculated as follows: [TABLE OMITTED] The increase in the exchange ratio of Rocky Mountain Acquisition Corp. exchangeable shares is calculated as follows: [TABLE OMITTED] (1)The increase in the exchange ratio is calculated by multiplying the Enterra Energy Trust distribution per unit by the opening exchange ratio and dividing by the ten-day weighted average US$ trading price Trading price The price at which a security is currently selling. of ENT. Holders of Enterra Energy Corp. exchangeable shares or Rocky Mountain Acquisition Corp. exchangeable shares can exchange all or a portion of their holdings at any time by giving notice to their investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and or Olympia Trust Company at its principal transfer office at Suite 2300, 125 - 9th Avenue SE, Calgary, Alberta T2G T2G Time To Go (chat) 0P6. About Enterra Enterra Energy Trust is a conventional oil and gas trust based in Calgary, Alberta. The Trust acquires, operates and exploits petroleum and natural gas assets principally in Alberta and British Columbia, Canada, and in Oklahoma and Wyoming, U.S.A. The Trust pays out a monthly distribution, which is currently US$0.12 per trust unit. |
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