On September 19 Acclaim and StarPoint announced a strategic merger to form one of Canada’s largest and highest quality oil and gas trusts. The new Trust (name to be announced in mid November) will have a RLI of approximately 9 years, P+P reserves in excess of 230 million boe. Production of 75,000 boe/d is weighted 65% primarily to light oil and 35% natural gas. The new Trust has announced its intention to increase distributions to CDN $0.23/unit which represents an increase of 18% to Acclaim unitholders and 5% to StarPoint unitholders. The annualized current cash on cash yield, on this basis is approximately 13.5%. The meeting to approve the transaction will be held in December with expected closing in early January 2006, at which point the New Trust will apply to list on the NYSE.

www.acclaimtrust.com