Pantera Drilling April 6.7-cent distribution
Pantera Drilling declares 6.7-cent distribution
2007-04-12 16:24 ET - News Release
Ms. Lorna Pollock reports
PANTERA DRILLING INCOME TRUST DECLARES APRIL DISTRIBUTION
Pantera Drilling Income Trust has declared a cash distribution relating to the period April 1, 2007, to April 30, 2007, in the amount of 6.7 cents per trust unit payable on May 15, 2007, to unitholders of record on April 30, 2007.
The trust has a distribution reinvestment plan. The plan provides eligible unitholders with the opportunity to reinvest their cash distributions in additional Pantera trust units at 95 per cent of the average market price, as defined in the plan. Participation information can be found on the trust's website.
Cash distributions are not guaranteed and will fluctuate with the performance of its operating entity, Pantera Drilling LP, which is dependent upon oil and natural gas prices, the level of activity in the oil and gas industry, seasonal weather patterns, competition, major customers, third party suppliers, key personnel and work force availability, among other risk factors.