Parallel Energy Trust

Equities

PEYT.F

CA69915T1057

Oil & Gas Exploration and Production

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2016	Parallel Energy Trust Filed For Bankruptcy	CI
2015	Parallel Energy Trust Requests an Extension from its Lending Syndicate of its %165 Million Credit Facility	CI

Parallel Energy Hires Advisors To Consider Strategic Options

April 15, 2015 at 12:00 am EDT

Parallel Energy Trust (TSX:PLT.UN) will undertake a process to explore and determine strategic alternatives to reduce indebtedness and maximize unit holder value. The alternatives that will be considered include complete sale, divestment of assets, sale of a significant asset of the Trust, merger or other business combination and alternative financing. Evercore Partners Inc. (NYSE:EVR) and RBC Capital Markets LLC have been appointed as financial advisor to work on the process.

Latest news about Parallel Energy Trust

Parallel Energy Trust Filed For Bankruptcy	16-04-19	CI
Parallel Energy Trust Requests an Extension from its Lending Syndicate of its %165 Million Credit Facility	15-09-16	CI
Parallel Energy Trust Announces Unaudited Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Operating Results for the Month and Year to Date Ended July 2015; Provides Operating Guidance for the Full Year of 2015; Reports Impairment Charges for the Second Quarter of 2015	15-08-11	CI
Parallel Energy Trust Reports Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Year 2015	15-05-11	CI
Parallel Energy Trust Announces Renewal of Credit Facility	15-04-27	CI
Parallel Energy Trust To Suspend All Monthly Distributions to Unitholders Commencing with the Month of April 2015	15-04-15	CI
Parallel Energy Hires Advisors To Consider Strategic Options	15-04-15	CI
Parallel Energy Trust Announces Distribution for the Month of March 2015, Payable on April 23, 2015	15-03-16	CI
Parallel Energy Trust Reports Audited Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Maintains Production Guidance for the Full Year of 2015; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014	15-03-16	CI
Parallel Energy Trust Confirms Cash Distribution for the Period February 1, 2015 to February 28, 2015 Payable on March 23, 2015	15-02-17	CI
Parallel Energy Trust Confirms Cash Distribution in Respect of the Period from and Including January 1, 2015 to January 31, 2015 Payable on February 23, 2015	15-01-15	CI
Parallel Energy Trust Revises Capital Budget and Production for the Year 2015; Reports Production Results for the Fourth Quarter and Full Year 2014	15-01-15	CI
Parallel Energy Trust Confirms Cash Distribution to in Respect of the Period from and Including December 1, 2014 to December 31, 2014 Payable on January 23, 2015	14-12-15	CI
Parallel Energy Trust Announces Board Changes; Provides Operating and Financial Guidance for 2015	14-11-26	CI
Parallel Energy Trust Confirms December Distribution, Payable on December 23, 2014	14-11-17	CI
Parallel Energy Trust Announces Unaudited Earnings and Operating Results for the Third Quarter Ended September 30, 2014; Announces Production Results for the Month and Year to Date Ended October 31, 2014; Provides Production Guidance for the Year 2014; Reiterates Cash Flow Guidance for the Year 2014	14-11-10	CI
Parallel Energy Seeks Acquisitions	14-11-10	CI
Parallel Energy Trust Announces Production Results for the Third Quarter and Nine Months Ended September 30, 2014	14-10-01	CI
Parallel Energy Trust Confirms September Distribution, Payable on October 23, 2014	14-09-15	CI
Parallel Energy Trust Confirms August Distribution, Payable on September 23, 2014	14-08-15	CI
Parallel Energy Trust Reports Earnings and Production Results for the Second Quarter Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014	14-08-11	CI
Parallel Energy Trust Confirms July Distribution Payable on August 22, 2014	14-07-15	CI
Parallel Energy Trust Confirms June 2014 Distribution, Payable on July 23, 2014	14-06-16	CI
Parallel Energy Trust Confirms May 2014 Distribution, Payable on June 23, 2014	14-05-15	CI
Parallel Energy Trust Announces Unaudited Financial and Operating Results for the First Quarter Ended March 31, 2014; Announces Operating Results for the Month of April and First Nine Days of May 2014; Reaffirms Operating and Cash Flow Guidance for 2014	14-05-12	CI

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Company Profile

Parallel Energy Trust (Parallel or the Trust) is a Canada-based distribution-paying energy income trust. The Trust's assets and operations are located in Texas and Oklahoma in the United States and its portfolio consists of mature, liquids-rich natural gas assets. The Trust's business strategy is focused on acquiring and developing long-life, conventional oil and natural gas assets. The Trust manages five operating areas located in Texas and Oklahoma. The Trust operates 100% of its Texas assets, which are located in the Carson, Hutchinson, Moore, Potter, Gray and Roberts counties and it holds a 30% non-operated interest in a Mississippian Lime play located in Garfield County, Oklahoma. The Trust's Carson, Sneed and Cargray operating areas are located in the Greater Panhandle/Hugoton Gas Field, a conventional gas field in North America.

Sector

Oil & Gas Exploration and Production

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