PrimeWest Energy Trust Confirms Payment of December Distribution
NOV 28, 2007 - 11:15 ET
CALGARY, ALBERTA--(Marketwire - Nov. 28, 2007) - PrimeWest Energy Trust ("PrimeWest")
(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 PEI
trade on the TSX under the symbol "PWX." Series I PrimeWest Convertible Debentures
trade on the TSX under the symbol "PWI.DB.A," Series II PrimeWest Convertible Debentures
trade under the symbol "PWI.DB.B" and Series III PrimeWest Convertible Debentures
trade under the symbol "PWI.DB.C."
To learn more about PrimeWest, please visit our website at www.primewestenergy.com.
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
Debbie Carver
Investor Relations Advisor
(403) 699-7464 or Toll Free: 1-877-968-7878
Email: investor@primewestenergy.com
Website: www.primewestenergy.com