True Energy Trust

True Energy Trust, Calgary, (Toronto: TUI-UN) has retained Scotia Waterous Inc. to sell five packages of producing assets in Saskatchewan. The packages involve high working interests in 306,549 acres (250,000 net) in the Kerrobert, Dodsland/Stranraer, Smiley, Coleville/Driver and Mantario regions. Total production is 5,596 barrels of oil equivalent per day (62% oil). Proved reserves are 11 million barrels of oil equivalent (18.8 million proved plus probable). The packages include 156,000 net undeveloped acres. Bids are due March 4. Contact Paul Walmsley, 403-218-6789.