Press release from Marketwire
Bonavista Energy Trust Announces Third Quarter Distributions
Thursday, July 15, 2010
Distribution per Record Date Ex-Distribution Date Distribution Date Unit ---------------------------------------------------------------------------- July 31, 2010 July 28, 2010 August 16, 2010 $0.16 August 31, 2010 August 27, 2010 September 15, 2010 $0.16 ((i)) September 30, 2010 September 28, 2010 October 15, 2010 $0.16 ((i))
((i)) The above reflects an anticipated distribution based on Bonavista's current projected commodity prices, commodity hedge positions and production volumes. Distributions are subject to change should there be a material change in expected cash flow for the respective periods.
Currently, Bonavista has 133,425,981 million trust units and 9,389,502 million exchangeable shares outstanding. The exchangeable shares are convertible into 21,641,018 million trust units based on the current exchange ratio, which is adjusted monthly to reflect the distributions paid on the trust units. Cash distributions are not paid on the exchangeable shares, nor are the exchangeable shares publicly traded.
Bonavista is focused on a balanced commodity approach and is committed to maintaining its emphasis on operating high quality oil and natural gas properties, delivering consistent distributions to unitholders and ensuring financial strength and sustainability.
Forward Looking Statements
Corporate information provided herein contains forward-looking information. The reader is cautioned that assumptions used in the preparation of such information, particularly those pertaining to cash distributions, production volumes, commodity prices, operating costs and drilling results, which are considered reasonable by Bonavista at the time of preparation, may be proven to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein and the variations may be material. There is no representation by Bonavista that actual results achieved during the forecast period will be the same in whole or in part as those forecasts.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bonavista Energy Trust Keith A. MacPhail Chairman & CEO (403) 213-4300or
Bonavista Energy Trust Jason E. Skehar President & COO (403) 213-4300or
Bonavista Energy Trust Ronald J. Poelzer Executive Vice President (403) 213-4300or
Bonavista Energy Trust Glenn A. Hamilton Senior Vice President & CFO (403) 213-4300or
Bonavista Energy Trust 700, 311 - 6th Avenue SW Calgary, AB T2P 3H2 www.bonavistaenergy.com