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PrimeWest Energy Trust Announces Distribution Level for May 2004
CALGARY, April 5 /PRNewswire-FirstCall/ -- (TSX: PWI.UN; PWX; NYSE: PWI) -
PrimeWest Energy Trust (PrimeWest) today announces that the distribution payable
May 14th, 2004 will be $0.25 Canadian per trust unit payable to all unitholders
of record on April 22nd, 2004. The ex-distribution date will be April 20th,
2004.
Using a Canadian dollar to U.S. dollar exchange ratio of 1.31, this distribution
amount would be approximately U.S.$0.19. 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 andgas 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".
Learn more about PrimeWest on our Web site, http://www.primewestenergy.com/.
DATASOURCE: PrimeWest Energy Trust
CONTACT: George Kesteven, Manager, Investor Relations, 403-699-7367,
Cindy Gray, Investor Relations Advisor, 403-699-7356, Toll-free:
1-877-968-7878, e-mail: