NAL Oil & Gas Trust Announces Plans for Corporate Conversion

NAL Oil & Gas Trust (TSX:NAE.UN) reports that the company has approved the conversion of the Trust to an exploration and production corporation to be named NAL Energy Corporation.

The press release is quoted as saying:

NAL Oil & Gas Trust provides investors with a yield-oriented opportunity to participate in the Canadian upstream oil and gas industry. The Trust generates monthly cash distributions for its unitholders by pursuing a strategy of acquiring, developing, producing and selling crude oil, natural gas and natural gas liquids from pools in southeastern Saskatchewan, central Alberta, northeastern British Columbia and Lake Erie, Ontario. Trust units trade on the Toronto Stock Exchange under the symbol “NAE.UN”.

Click here to access the entire press release

Click here to access NAL Oil & Gas Trust Corporate Site