2009-09-18-2009-07-30-2009-07-28

Purchased additional WI in Hunton development in OK, gaining 270 BOE/d.

Enterra Energy Trust, Calgary, (Toronto: ENT.UN) has purchased approximately 270 barrels of oil equivalent per day of production from partners in its existing Hunton development operation in Oklahoma for approximately US$8.64 million in cash and stock. Enterra paid $US6 million and 2 million trust units. All of the production is from well bores which are operated by Enterra and in which the trust has an existing interest. The acquisition also allows for a larger go-forward interest in future drilling in this area. "This acquisition is valuable to Enterra because it increases the trust's working interest in well bores already operated by the trust and will enhance Enterra's working interest in future drilling in the Hunton area," says Don Klapko, Enterra chief executive. "Enterra's Oklahoma operation, and specifically the Hunton resource play, is a key focus area currently representing approximately half of Enterra's total production. The economics of this play have proved very positive for Enterra, with a 97% drilling success rate in the area to date and low finding and development costs." He adds the trust also has more than 50 drilling prospects identified in this area.