Completed acquisition... FOR IMMEDIATE RELEA

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FOR IMMEDIATE RELEASE:
Eagle Energy Trust Announces Closing of Strategic Acquisition
in the Twining Field, Alberta and Updates 2015 Guidance
Calgary, Alberta: August 20, 2015 (TSX: EGL.UN): Eagle Energy Trust (the “Trust” or “Eagle”) is pleased to
announce that it has completed the previously-announced acquisition of a private oil and gas company (“Privateco”)
with petroleum assets in the Twining Field in Alberta (the “Transaction”) and has updated its 2015 guidance. The
Transaction was valued at approximately $30 million, including Privateco’s indebtedness, and was funded out of Eagle’s
existing credit facility of $US 85 million. It was completed by the amalgamation of Privateco with a newly incorporated
operating subsidiary of the Trust.
As a result of the Transaction, Eagle acquired an 80% working interest in petroleum producing properties in the Twining
Field located in one of the largest Pekisko oil pools in the Western Canadian Sedimentary Basin. Eagle anticipates the
acquisition to be immediately accretive. It will increase Eagle’s current production by approximately 750 barrels of oil
equivalent per day (“boe/d”) from 92 gross (48 net) wells and, with a portfolio of over 30 drilling locations, is anticipated
to extend Eagle’s inventory necessary to sustain a current production rate of 3,750 boe/d a day for over five years.
The Transaction represents another significant step in Eagle’s expansion into Canada, enabling the Trust to commence
building an operations team in Canada.
Eagle continues to maintain a strong balance sheet and financial flexibility after the Transaction. The Trust anticipates
that the undrawn portion of its existing credit facility will exceed $40 million, with a year-end projected 2015 debt to
cash flow ratio at approximately 2x and a corporate payout ratio maintained below 100%.
For more details regarding the Transaction, see Eagle’s news release dated July 22, 2015.
In this news release, references to “Eagle” include the Trust and its operating subsidiaries. Figures are presented in
Canadian dollars unless otherwise indicated. This news release contains statements that are forward-looking. Investors
should read the “Note Regarding Forward-Looking Statements” near the end of this news release.
Updated 2015 Guidance
After giving effect to the Transaction, Eagle has updated its 2015 guidance as follows:
Updated
2015 Guidance
Previous
2015 Guidance Notes
Capital Budget $ 16.2 mm $ 13.7 mm 1
Working Interest Production 3,150 to 3,350 boe/d 2,950 to 3,150 boe/d 2
Operating Costs per Month $2.0 to $2.2 mm $1.8 to $2.0 mm 3
Funds Flow from Operations $31.6 mm $28.8 mm 4
Debt to Trailing Cash Flow 2.1x 1.2x
Field Netback (Excluding Hedges) $23.37/boe $24.23/boe
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Notes:
(1) The 2015 updated capital budget of $16.2 million consists of $US 9.9 million for Eagle’s operations in the United States and $4.2 million for
Eagle’s operations in Canada.
a. Based on a forecast $US 55.00 West Texas Intermediate (“WTI”) oil price, the 2015 updated capital budget is expected to deliver a
distribution of $0.03 per unit per month ($0.36 per unit annualized) and a corporate payout ratio of 91%.
b. Eagle’s 2015 updated capital budget of $16.2 million consists of the following:
o Salt Flat, Texas
 3 (3.0 net) horizontal oil wells
 Seismic processing, horizontal pump installations
o Hardeman, Texas and Oklahoma
 3 (3.0 net) vertical wells
 1 (1.0 net) salt water disposal well
 Facilities and seismic capital
o Dixonville, Alberta (non-operated)
 Maintenance capital on waterflood
o Twining, Alberta
 2 (2.0 net) horizontal wells
(2) 2015 updated production forecast consists of 94% oil, 2% natural gas liquids (“NGLs”) and 4% gas.
(3) 2015 updated operating costs result in field netbacks (excluding hedges) of approximately $23.37 per boe at $US 55.00 WTI.
(4) 2015 updated funds flow from operations is approximately $31.6 million based on the following assumptions:
a. Average working interest production of 3,250 boe/d (the mid-point of the updated guidance range);
b. Forecast pricing at $US 55.00 per barrel WTI oil, $US 3.00 per Mcf NYMEX gas and $US 19.25 per barrel of NGL (NGL price is
calculated as 35% of the WTI price);
c. Differential to WTI is a $US 2.25 discount per barrel in Salt Flat, a $US 2.70 discount per barrel in Hardeman, a $CA 20.50 discount
per barrel in Dixonville and a $CA 15.15 discount per barrel in Twining;
d. Average operating costs of $2.1 million per month ($US 0.9 million per month for Eagle’s operations in the United States and $0.9
million per month for Eagle’s operations in Canada) being the mid-point of the updated guidance range; and
e. Foreign exchange rate of $US 1.00 equal to $CA 1.30.
2015 Sensitivities
The following tables show the sensitivity of Eagle’s 2015 funds flow from operations, corporate payout ratio and net
debt to trailing cash flow to changes in commodity price, exchange rates and production:
Sensitivity to Commodity Price
2015 Average WTI
(Production 3,250 boe/d)
$US 50 (FX 1.30) $US 55 (FX 1.30) $US 60 (FX 1.25)
Funds Flow from Operations $29.9 $31.6 $32.3
Corporate Payout Ratio 96% 91% 89%
Debt to Trailing Cash Flow 2.2x 2.1x 2.0x
Sensitivity to Production
2015 Average Production (boe/d)
(WTI $US 55, F/X 1.30)
3,150 3,250 3,350
Funds Flow from Operations $30.7 $31.6 $32.4
Corporate Payout Ratio 94% 91% 89%
Debt to Trailing Cash Flow 2.1x 2.1x 2.0x
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Assumptions:
(1) Annual distribution is $0.36 per unit.
(2) No new equity issued.
(3) Operating costs of $2.1 million per month (the mid-point of the updated guidance range).
(4) Differential to WTI held constant.
(5) The foreign exchange rate is assumed to be as follows:
 At $US 50.00 WTI - $US 1.00 equal to $CA 1.30.
 At $US 55.00 WTI - $US 1.00 equal to $CA 1.30.
 At $US 60.00 WTI - $US 1.00 equal to $CA 1.25.

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