PrimeWest Energy Trust Announces Distribution Level for April, 2004 and Annual Information Form Filing
March 11 2004 - 7:55PM
PR Newswire (US)
PrimeWest Energy Trust Announces Distribution Level for April, 2004
and Annual Information Form Filing CALGARY, March 11
/PRNewswire-FirstCall/ -- (TSX: PWI.UN; PWX; NYSE: PWI) - PrimeWest
Energy Trust (PrimeWest) today announces that the distribution
payable April 15th, 2004 will be $0.25 Canadian per trust unit
payable to all unitholders of record on March 22nd, 2004. The
ex-distribution date will be March 18th, 2004. Using a Canadian
dollar to U.S. dollar exchange ratio of 1.32, 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 also announces
thesimultaneous filing of its Annual Information Form (AIF) on the
System for Electronic Document Analysis and Retrieval (SEDAR) in
Canada, and on the Electronic Data Gathering, Analysis, and
Retrieval (EDGAR) system in the United States. The AIF
containssupplemental disclosure including detailed reserves
information as mandated by National Instrument 51-101. The Net
Reserves table previously disclosed on page 13 of the release of
February 20th has been revised by the Trust's Independent Engineers
to reflect certain line item changes, although the reserves closing
balances remain the same. The revised version of the table can be
found on page 25 of the AIF. 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".
DATASOURCE: PrimeWest Energy Trust CONTACT: learn more about
PrimeWest on our Web site, http://www.primewestenergy.com/, for
Investor Relations inquiries, please 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: ; To request a free copy of this organization's annual
report, please go to http://www.newswire.ca/ and click on
reports@cnw.
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