Parallel Energy Trust

Equities

PEYTF

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 Trust Requests an Extension from its Lending Syndicate of its %165 Million Credit Facility

September 16, 2015 at 08:39 am EDT

Parallel Energy Trust has requested an extension from Parallel's lending syndicate of its USD 165 million credit facility which expires on September 30, 2015. Based on discussions to date, the facility will not be renewed on the same or similar terms and conditions, and Parallel is working with its lenders on alternative arrangements. Parallel's Board of Directors is continuing to explore strategic alternatives as part of its previously announced strategic alternatives process.

There can be no assurances that alternative arrangements will be agreed to with Parallel's lending syndicate or, given the current commodity price environment, that the strategic alternatives process will result in offers in excess of the Trust's current indebtedness.

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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