ALBERTA--(Marketwire - Nov. 10, 2009) - NAL Oil & Gas Trust (the
"Trust" or "NAL") (TSX:NAE.UN) will pay a distribution of $0.09 per unit
on December 15, 2009, to Unitholders of record on November 23, 2009.
The units will begin trading on an ex-distribution basis on November 19,
The current monthly
distribution annualized totals $1.08 per unit, and represents an 8.9%
cash-on-cash yield based on the November 10, 2009 closing unit price of
NAL'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
NAL 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)