FAQs - Frequently ASked Questions

What is your current Reserve Life Index ?

Our current RLI is 10.6 years.

What percentage of oil and gas do you produce?

Vault's production portfolio is weighted 65% natural gas and 35% light oil.  Vault's current reserve base is more balanced: 50% natural gas and 50% light oil. 

What is your current monthly cash distribution and pay out ratio?

Vault’s monthly cash distribution is $0.085 per Trust unit. Our cash distributions are reviewed on a monthly basis, taking into consideration crude oil and natural gas prices in conjunction with our cash flow, capital budgets, and acquisition strategies.

Do you have a DRIP program?

Our Premium DRIP program was suspended and on May 15th, 2007 the regular DRIP and Optional Trust Unit Purchase Plan was also suspended as a result of Vault pursuing a Normal Course Issuer Bid.  For further information about this, please refer to our news release dated March 26th, 2007.

Where can I read more about your Unitholders' Rights Plan ?

Please click here to view the PDF document.

How many shares are outstanding?

As at June 30, 2007, there were approximately 38.9 million units outstanding, including exchangeables.

Where and how can I get more information?

You can review our web site for updates and information, or feel free to contact investor relations at (403) 444-9657 or info@vaultenergy.com

Who is currently providing research coverage for Vault Energy Trust?

Please refer to our Investor Relations section under Analysts.

Where are your key areas of production?

Our key areas are west central Alberta and northeast British Columbia. For more detailed information, please refer to our operations section.

Why haven’t I received my distributions?

On a monthly basis, Vault makes the distribution payment via our trust company, Valiant Trust. Those funds are then distributed through CDS (Canadian Depository Services) who in turn make payments to all agencies. Investors may experience lags as funds clear to the individual accounts.

How do I calculate the average cost base?

Please refer to our ACB calculator.

When do you report? Have you reported anything recently?

Please refer to our news release section for complete information.

What percentage of distributions are taxable?

Tax on distributions received by Canadian unitholders in 2005 will be 64 percent taxable and 36 percent tax deferred return of capital (ROC).