NCE Energy Assets -- 1996 -- Fund Files A Preliminary Prospectus For $100 Million.
The Fund is a limited partnership established to provide investors with the opportunity to earn income from oil and gas production from conventional oil and gas properties located in Western Canada.
The Fund's investment objectives are to enable Unitholders to:
a:) acquire a long-term source of oil and natural gas income through quarterly distributions of net cashflow of the Fund; and
b:) benefit from the ability to deduct from income for tax purposes expenditures which qualify as Canadian Development Expenses, Canadian Exploration Expenses, or Canadian Oil and Gas Property Expenses and Expenses Of Issue
c:) obtain Alberta Royalty Tax Credits.
CONTACT: NCE Resources Group
Monica V. Lapkoff, 416/364-8788