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I-Man

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I-Man

Re: I-Man post# 10

Thursday, 01/03/2008 9:18:51 AM

Thursday, January 03, 2008 9:18:51 AM

Post# of 53
Enterra shows significant progress in the execution of its business plan.

Enterra Energy Trust ("Enterra" or the "Trust") (TSX: ENT.UN) (NYSE: ENT) announces that it has entered into definitive purchase and sale agreements with three counterparties for the sale of oil and gas properties. The three transactions are anticipated to generate total gross proceeds of $40.925 million and it is intended that the closings will be completed by mid-February. The transactions are subject to terms and conditions which are typical of transactions of this nature. The Trust also announces that it closed a further sale of minor assets in December 2007 for gross proceeds of $5.34 million.

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