PrimeWest Energy Trust Announces Appointment of Vice President, Operations
FEB 10, 2006 - 16:44 ET
CALGARY, ALBERTA--(CCNMatthews - Feb. 10, 2006) - PrimeWest Energy (TSX:PWI.UN)
(TSX:PWX) (TSX:PWI.DB.A) (TSX:PWI.DB.B) (NYSE:PWI) (PrimeWest or the Trust) is pleased
to announce that Mr. Brian Lynam, P. Eng., will be joining the PrimeWest executive
team, effective February 23, 2006, in the newly created position of Vice President,
Operations, with responsibilities for field operations, drilling and facilities.
Mr. Lynam graduated from the University of Toronto with a Bachelor of Applied Science
in Chemical Engineering. He has 25 years of extensive experience in the oil and
gas industry, most recently with Burlington Resources Canada Ltd. and previously
with Gulf Canada Resources Limited. Mr. Lynam has experience in Development Engineering,
Safety and Environment, Production Operations, Marketing, Business Development and
Joint Interest.
The addition of Mr. Lynam to the PrimeWest executive team is a reflection of the
increased portfolio of internal development opportunities being executed by the
Trust, the increasing emphasis on field operations and the preparation of the organization
for future growth.
PrimeWest previously announced that it is pursuing a multi-year development drilling
program in the Western Canada Sedimentary Basin, which will result in a total capital
investment estimated at approximately $800 million. In 2006, the Trust expects to
invest $265 million of capital into development drilling and facilities projects.
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". The 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".
FOR FURTHER INFORMATION PLEASE CONTACT:
PrimeWest Energy Trust
Diane Zuber
Investor Relations Advisor
(403) 699-7356 or Toll-Free: 1-877-968-7878
Email: investor@primewestenergy.com
Website: www.primewestenergy.com