PrimeWest Energy Trust Confirms Payment of December Distribution
28 Novembro 2007 - 2:15PM
Marketwired
CALGARY, ALBERTA (TSX: PWI.UN) (TSX: PWX) (TSX: PWI.DB.A) (TSX:
PWI.DB.B) (TSX: PWI.DB.C) (NYSE: PWI) declared a distribution
payable on December 14, 2007 to unitholders of record on December
5, 2007. The amount of the distribution will be $C0.25 per unit and
the ex-distribution date will be December 3, 2007.
PrimeWest confirms that it is in discussions with the Abu Dhabi
National Energy Company PJSC ("TAQA") to determine the effective
date for the previously announced transaction with 1350849 Alberta
Ltd. ("Purchaser") and TAQA North Ltd. (both wholly owned
subsidiaries of TAQA). However, PrimeWest confirms that the
effective date will not occur prior to December 5, 2007. A further
news release will be issued when an anticipated effective date has
been agreed to by PrimeWest and TAQA. Completion of the transaction
remains subject to closing conditions that are typical of
transactions of this nature.
PrimeWest is a Calgary-based conventional oil and gas royalty
trust that actively acquires, develops, produces and sells natural
gas, crude oil and natural gas liquids for the generation of
monthly cash distributions to Unitholders. Trust Units of PrimeWest
trade on the Toronto Stock Exchange (TSX) under the symbol "PWI.UN"
and on the New York Stock Exchange under the symbol "PWI".
Exchangeable Shares of PrimeWest Energy Inc. trade on the TSX under
the symbol "PWX". Series I Convertible Debentures of PrimeWest
trade on the TSX under the symbol "PWI.DB.A", Series II Convertible
Debentures trade under the symbol "PWI.DB.B" and Series III
Convertible Debentures trade under the symbol "PWI.DB.C".
To learn more about PrimeWest, please visit our website at
www.primewestenergy.com.
Contacts: PrimeWest Energy Trust George Kesteven Manager,
Investor Relations (403) 699-7367 or Toll-free: 1-877-968-7878
Email: investor@primewestenergy.com PrimeWest Energy Trust Debbie
Carver Investor Relations Advisor (403) 699-7464 or Toll-free:
1-877-968-7878 Email: investor@primewestenergy.com Website:
www.primewestenergy.com
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