ENERGY TRUSTS / NCE Energy Trust, (NCA.UN) February Distribution Ten
Cents ($0.10) Per Unit
TSE, ME SYMBOL: NCA.UN
FEBRUARY 10, 1998
TORONTO, ONTARIO--John Driscoll, President of NCE Resources Group,
announced today that NCE Energy Trust has declared a cash
distribution of 10 cents ($0.10) per unit for the month of
February 1998.
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Date payable
The distribution is payable February 27, 1998 to holders of
record on February 16, 1998. Distributions are made monthly.
Oil prices
A warm winter has resulted in high oil inventories and lower
prices. These have been partially offset by the lower Canadian
dollar and unsettled politics in the Middle East that threaten
supply.
Current price
The price for NCE Energy Trust on the Montreal Exchange at the
close of the market, February 9, 1998, was $7.30 per unit.
NCE Energy Trust
NCE Energy Trust is an investment trust designed to acquire oil
and gas companies in Western Canada. The units trade on the
Montreal Exchange and Toronto Stock Exchange under the symbol
NCA.UN.
NCE Resources Group
NCE Resources Group was formed in 1984 as an oil and gas
investment management organization. NCE investment funds have
interests in over 5,000 wells. NCE employs approximately 130
people in the areas of engineering, land management, marketing,
geology, accounting, finance and investor relations. It provides
a full range of technical, operational, administrative and
investor services. Based on total oil and gas production, NCE
ranks among the top 30 oil and gas companies in Canada.
More information
For more information, please contact:
Investor Services (investor enquiries)
(416) 364-9297 or 1-888-739-4623
e-mail: nceresources@interramp.com
Internet: www.nceresources.com
Hours of service (x):
Monday -- Thursday 8 a.m. - 8 p.m.
Fridays 8 a.m. - 6 p.m. Eastern Time
(x) except on Canadian statutory holidays.
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