Canetic Resources Trust Added to Bellwether Watch List.

0 Comments | M2 Presswire, November, 2006

M2 PRESSWIRE-8 November 2006-Oil and Gas News: Canetic Resources Trust Added to Bellwether Watch List(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:08112006 Canetic Resources Trust (NYSE:CNE) finds kinetic energy in investing in oil and gas operations in the Western Canadian Sedimentary Basin.

The trust was formed in 2006 by the merging of Acclaim Energy Trust and StarPoint Energy Trust. The trust has also formed exploration and production company TriStar Oil & Gas Ltd., which will hold certain oil and gas assets of both Acclaim and StarPoint. Canetic Resources will have a production base of about 75,000 barrels of oil equivalent (boe) per day. TriStar has proven plus probable reserves of about 3 million boe, primarily high-quality, light oil and natural gas...

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