True Energy Trust
is a medium-sized, exploration
and production trust based in Calgary, Alberta, Canada.
True’s approach to providing unit holders with
distributions and superior returns is based on combining
its commitment to fiscally conservative management
with a disciplined but opportunistic approach to technically-focused
exploration and high-quality acquisitions.
True’s assets comprise a high-quality portfolio
of properties concentrated in key areas of Alberta
and Saskatchewan, with some British Columbian assets
in the Peace River Arch region. The trust has a significant multi-year drilling inventory of locations in Alberta, Saskatchewan and British Columbia.
True was formed through a plan of arrangement among
True Energy Inc., TKE Energy Trust and Vero Energy
Inc. Effective November 2, 2005, and pursuant to this
plan of arrangement, all of the outstanding common
shares of True were acquired by TKE, the name of TKE
was changed to True Energy Trust, and the outstanding
trust units of TKE were consolidated on a one for
two basis.
True is traded on the Toronto Stock Exchange under the
symbol TUI.UN.