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Argent Plans $45 Million 2014 Budget Focused On Eagle Ford

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December 20, 2013

Argent Energy Trust  (TO: AET-UN) has provided Argent's 2014 budget, including forecast capital program and production guidance for 2014.

Argent's board of directors has approved a capital drilling budget of US$45 million for 2014, focused on the continued drilling and development of Argent's successful Eagle Ford program. Any additional capital requirements for 2014 will be assessed in conjunction with management's technical review of additional opportunities from recent acquisitions or potential joint venture opportunities, and will be disclosed in due course.

Current 30-day average production is approximately 7,100 barrels of oil equivalent ...


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