Vermilion Energy Trust has resumed production from the Shane Kiskatinaw "D" pool. Approximately 1,600 boe per day of production net to the Trust was shut-in on August 6th in connection with an order by the Alberta Energy & Utilities Board following a dispute with an off-target producer. Clear Energy Inc. and TUSK Energy Inc., two of Vermilion's partners in the Pool, have subsequently purchased the off-target producer's interest in this pool.
The remaining pool participants negotiated a revised pooling agreement and subsequently the EUB lifted the shut-in order issued last month. As part of the new agreement, the Trust has agreed to transfer operatorship of the Pool to Clear effective October 1, 2003.