Important Links

News Releases

Press Release Navigation
<<< Previous Headlines Next >>>
Harvest Energy Trust Confirms July 15th, 2003 Cash Distribution of $0.20 Per Unit

Jun 16, 2003 - 11:07 ET

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN 
THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE 
A VIOLATION OF U.S. SECURITIES LAW.  


(HTE.UN - TSX)

CALGARY - (TSX: HTE.UN) - Harvest Energy Trust ("Harvest")
announces that a cash distribution of $0.20 per trust unit will be paid on
July 15th, 2003 to Unitholders of record on June 30th, 2003. Harvest trust
units are expected to commence trading on an ex-distribution basis on     
June 26th, 2003. This distribution amount represents Distributable Cash earned
in the month of June 2003.
For further information on Harvest, please visit our website at
www.harvestenergy.ca
Harvest Energy Trust is a Calgary based oil and natural gas trust that
strives to deliver stable monthly cash distributions to its Unitholders
through its strategy of acquiring, enhancing and producing crude oil, natural
gas and natural gas liquids. Harvest's assets, comprised of high quality
medium and heavy gravity crude oil properties in East Central Alberta, and its
hands-on operating strategy underpin Harvest's objective to deliver consistent
returns to Unitholders.

ADVISORY: Certain information regarding Harvest Energy Trust and Harvest
Operations Corp. including management's assessment of future plans and
operations, may constitute forward-looking statements under applicable
securities law and necessarily involve risks associated with oil and gas
exploration, production, marketing and transportation such as loss of market,
volatility of prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other producers and ability to access
sufficient capital from internal and external sources; as a consequence,
actual results may differ materially from those anticipated in the forward-
looking statements.

-30-


FOR FURTHER INFORMATION PLEASE CONTACT:

Jacob Roorda,
President;
David M. Fisher,
Vice President,
Finance,
Harvest Energy Trust,
Telephone: (403) 265-1178,
Facsimile: (403) 265-3490,
Email address: information@harvestenergy.ca