11:37 AM EST - Argent Energy Trust : Announced that, as a result of the occurrence of Argent's previously announced event of default under its credit facility, the counterparties to Argent's swaps have terminated those arrangements and set off the amounts owing to Argent's U.S.-based operating subsidiary thereunder (approximately $12.4 million U.S. in the aggregate) against the amounts outstanding under Argent's credit facility (under which Argent's U.S.-based operating subsidiary is the borrower). Accordingly, the amount outstanding under Argent's credit facility has been reduced to approximately $50.6 million U.S., with a $1.3-million letter of credit also outstanding. Argent Energy Trust
units T.AET.UN are trading unchanged at $0.01.
