APF Announces Monthly Distribution of $0.12 Per Unit; Acquisition of Wayne-Rosedale Completed.CALGARY, ALBERTA--(BUSINESS WIRE)--June 19, 1998-- APF APF, n the abbreviation for acidulated phosphate fluoride. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AY.UN.) APF Energy Trust announced that the cash distribution for the production month of May 1998 will be $0.12 per unit. The distribution will be made on July 15, 1998 to unitholders of record on June 30, 1998. This is the first distribution made since APF changed the record date to the last day of each month. The payment date will remain the 15th day of the following month. With this latest payment, unitholders will have received $1.13 per unit since January 1, 1998. In other news, APF confirmed that its previously-announced acquisition of the Wayne-Rosedale property (news release dated May 13, 1998) was completed on June 8, 1998. This purchase adds significantly to APF's current operations in Southern Alberta Southern Alberta is a region located in the Canadian province of Alberta. As of the year 2004, the region's population was approximately 272,017[1][2]. , where core areas already exist at Countess, Caroline and Joarcam. Wayne-Rosedale represents APF's largest development project. Through optimization and infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. drilling, management believes that production, currently at approximately 385 boepd, could increase to more than 1,050 boepd by the year 2000. THE TORONTO STOCK EXCHANGE Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. CONTACT: APF Energy Management Inc. Steve Cloutier, 403/294-1000 or 800/838-9206 http://www.apfenergy.com invest@apfenergy.com |
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