CALGARY, ALBERTA--(Marketwire - May 12,
2009) - NAL Oil & Gas Trust (the "Trust" or "NAL") (TSX:NAE.UN) will
pay a distribution of $0.09 per unit on June 15, 2009, to Unitholders
of record on May 25, 2009. The units will begin trading on an
ex-distribution basis on May 21, 2009.
The current monthly distribution annualized totals $1.08 per unit,
and represents an 11.4% cash-on-cash yield based on the May 12, 2009
closing unit price of $9.45.
NAL Oil & Gas Trust's Board of Directors sets distribution
levels taking into consideration commodity prices, forecast cash flow of
the Trust, financial market conditions, availability of financing,
internal capital investment opportunities and taxability.
NAL Oil & Gas Trust provides investors with a yield-oriented
opportunity to participate in the Canadian Upstream Conventional Oil and
Gas Industry. The Trust generates monthly cash distributions for its
Unitholders by pursuing a strategy of acquiring, developing, producing
and selling crude oil, natural gas and natural gas liquids from pools in
southeastern Saskatchewan, central Alberta, northeastern British
Columbia and Lake Erie, Ontario. Trust units trade on the Toronto Stock
Exchange under the symbol "NAE.UN".
NAL Oil & Gas Trust
Manager, Investor Relations
(403) 294-3620 or Toll Free: 1-888-223-8792
(403) 515-3407 (FAX)