Crescent Point Energy Trust, Calgary, (Toronto: CPG.UN) plans to acquire approximately 5,000 barrels of oil equivalent per day of oil producing assets in southwest Saskatchewan for total cash consideration of C$257 million. The acquisition is expected to close by mid-January. The acquisition will be funded from the trust's existing bank lines, the sale of up to 600 barrels of oil equivalent per day of non-core assets and through the issuance of 9.46 million subscription receipts. This purchase will create a new core area in southwest Saskatchewan with interests in four units that have large original oil in place of more than 760 million barrels, production that is 40% operated, operatorship in three of the four units, an approximately 50% average working interest, approximately 15.4 million barrels of oil equivalent of proved-plus-probable and 12.3 million barrels of proved reserves and a reserve-life index 6.7 years proved. The acquisition metrics are C$16.68 per proved-plus-probable barrel and C$20.89 per proved barrel of oil equivalent.

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