NAL Oil & Gas Trust provides
an operations update on its Cardium and Mississippian light oil
projects in central Alberta and southeast Saskatchewan.
NAL's operations at Cochrane and Hoffer, Mr. Marlon McDougall, NAL's
Chief Operating Officer, stated "we are encouraged by the initial
results of the light oil plays at both Cochrane in Alberta and Hoffer in
Saskatchewan, with performance to date which has exceeded our
expectations in these two emerging areas. With limited reserves
currently booked, we remain optimistic about the future production and
reserves potential for the Trust, despite the early stage of
development. These two areas are expected to grow significantly in the
future, complementing the Trust's established light oil play in the
greater Garrington area where performance in the Cardium is now proven
to be repeatable with 31 wells drilled, yielding attractive economics
and establishing considerable running room over the next several years."