Enterra Energy Trust Announces 2006 Financial and Operating Results

Enterra Energy Trust today announced its financial and operating results for the three months and full-year ended December 31.

The company report that average total production increased by 60 percent to 12,352 boe/day in 2006, compared to 7,741 boe/day in 2005 and that revenues increased to $244.4 million, a gain of 55 percent over 2005.

The company also stated that operating expenses decreased by 3 percent to an average of $11.17/boe in 2006 from $11.55/boe in 2005 and that funds from operations increased by 22 percent to $86.1 million, compared to $70.5 million in 2005.

Enterra Energy Trust is a conventional oil and gas trust based in Calgary, Alberta that holds petroleum and natural gas assets principally in Canada and Oklahoma.

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