PrimeWest Energy Trust announces distribution level for December 2004
CALGARY, ALBERTA--(CCNMatthews - Nov. 09, 2004) - PrimeWest Energy Trust
(TSX:PWI.UN) (TSX:PWX) (TSX:PWI.DB.A) (TSX:PWI.DB.B) (NYSE:PWI)(PrimeWest)
today announces that the distribution payable December 15th, 2004 will be
$0.30 Canadian per trust unit payable to all unitholders of record on November
23rd, 2004. The ex- distribution date will be November 19th, 2004.
Using a Canadian dollar to U.S. dollar exchange ratio of 1.19, this distribution
amount would be approximately U.S.$0.25 per unit. The actual U.S. dollar
equivalent distribution will be based upon the actual U.S./Canadian exchange
rate applied on the payment date net of applicable Canadian withholding taxes.
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 are traded 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. are listed on the TSX
under the symbol "PWX". Five-year convertible debentures of PrimeWest trade on
the TSX under the symbol "PWI.DB.A" and the seven-year convertible debentures
trade under the symbol "PWI.DB.B".
Learn more about PrimeWest on our Web site, www.primewestenergy.com.
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FOR FURTHER INFORMATION PLEASE CONTACT:
PrimeWest Energy Trust
George Kesteven
Manager, Investor Relations
(403) 699-7367 or Toll-free: 1-877-968-7878
or
PrimeWest Energy Trust
Diane Zuber
Investor Relations Advis
or
(403) 699-7356 or Toll-free: 1-877-968-7878
Email: investor@primewestenergy.com
Website: www.primewestenergy.com