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Standard & Poor's Initiates Factual Stock Report Coverage on NAL Oil & Gas Trust

Posted on: Wednesday, 23 January 2008, 12:00 CST

Standard & Poor's announced today that it has commenced Factual Stock Report coverage on NAL Oil & Gas Trust.

NAL Oil & Gas Trust (TS:NAE.UN) is an open-end investment trust that generates distributions through the acquisition, development, production and marketing of oil, natural gas and natural gas liquids. The trust owns assets in Alberta, Saskatchewan, Ontario and British Columbia.

On Aug. 31, 2007, the trust closed the acquisition of Seneca Energy Canada Inc. for Canadian Dollar (C$) 245.1 million plus costs of C$0.9 million. The acquisition added 10.3 million barrels of oil equivalent (boe) of proved plus probable reserves and production averaging 4,400 boe/d from September 2007 to year-end 2007. This production is weighted 85% to natural gas. The transaction also added 157,287 acres of net undeveloped land and growth opportunities to the trust.

The trust's third quarter 2007 production was 20,182 boe/d (18,765 boe/d excluding Seneca). The third quarter of 2007 includes Seneca production for the month of September. The average production for September was 23,222 boe/d, which includes 4,346 boe/d related to Seneca. For the nine months ended Sept. 30, 2007, production was 19,519 boe/d (19,042 boe/d excluding Seneca).

This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.

About Standard & Poor's Factual Stock Reports

This Standard & Poor's service provides factual research coverage enabling information about NAL Oil & Gas Trust and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

Source: Business Wire

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