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PrimeWest Energy Trust announces distribution level for December
2004
CALGARY, Nov. 9 /PRNewswire-FirstCall/ -- (TSX: PWI.UN; PWX; PWI.DB.A-T;
PWI.DB.B-T; NYSE: PWI) - PrimeWest Energy Trust (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, http://www.primewestenergy.com/.
DATASOURCE: PrimeWest Energy Trust
CONTACT: For Investor Relations inquiries, please contact George
Kesteven, Manager, Investor Relations, (403) 699-7367; Diane Zuber, Investor
Relations Advisor, (403) 699-7356; Toll-free: 1-877-968-7878,
e-mail: ;
To request a free copy of this organization's annual report, please go to
http://www.newswire.ca/ and click on reports@cnw.