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Argent Energy Trust Selling Assets to Pay Down Debt

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Argent Energy Trust Selling Assets to Pay Down Debt

Argent Energy Trust has provided its financial and operating results for the quarter and year ended December 31, 2014.

2015 Outlook

On October 1, 2014, the Trust announced a decision by its Board of Directors to initiate a process to explore a range of strategic alternatives to maximize unitholder value. The Board oversaw the strategic alternatives review process with the assistance of senior management and its appointed external financial advisor, BMO Capital Markets.

The Board considered all alternatives to increase unitholder value, which included, but was not limited to: a sale of a material portion of the assets of the Trust; a sale of the Trust, either in one transaction or in a combination of transactions; a merger or other business combination; or a joint venture or a farmout on a…

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