New York Stock Exchange Virtual Forum Webcast Alert: PrimeWest Energy Trust Presentation at Canada Energy Virtual Forum on Monday, October 24, 2005, 11:30 am ET.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- PrimeWest Energy Trust (NYSE NYSE See: New York Stock Exchange : PWI PWI Pro Wrestling Illustrated (magazine) PWI Projects with Industry PWI Permanent Way Institution PWI Perfusion-Weighted Imaging (application of magnetic resonance imaging) PWI Posting While Intoxicated ) will present at the following forum: What: PrimeWest Energy Trust (NYSE: PWI) will give a presentation at Canada Energy Virtual Investor Forum. Sponsor: The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. When: October 24, 2005 @ 11:30 AM Eastern Time Where: http://www.nyse.com/vif or http://www.informedinvestors.com/IIF/IIF_Forum.asp?ForumID=94904 How: Live over the Internet--Simply log on to the web at either of the addresses above. If you are unable to attend the live event, the forum will be available via webcast at http://www.nyse.com/vif or http://www.informedinvestors.com/IIF/IIF_Forum.asp?ForumID=94904 PrimeWest Energy Trust PrimeWest Energy Trust is a conventional oil and gas royalty trust actively managed to create value for its Unitholders. The Trust's business is the acquisition, development, exploitation, production and marketing of petroleum, natural gas and natural gas liquids reserves to generate cash flow, the substantial portion of which is paid to Unitholders through monthly distributions. The Trust targets a payout ratio of between 70% and 90% of cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses , and since its inception, has paid out over C$1.09 billion, or C$45 per Trust Unit. The Trust's operations are focused in the Western Canadian Sedimentary Basin The Western Canadian Sedimentary Basin (WCSB) is a vast sedimentary basin underlying 1.4 million square kilometres (550,0000 sq. mi.) of Western Canada including southwestern Manitoba, southern Saskatchewan, Alberta, northeastern British Columbia and the southwest corner of the , primarily in Alberta. Since inception in 1996, the Trust has grown production from 9,600 BOE/day to over 40,000 BOE/day in 2005, weighted 75% to natural gas. With an enterprise value of over $2.8 billion, PrimeWest is one of North America's largest energy trusts. The Trust operates more than 80% of its assets and maintains high standards of corporate governance and a conservative financial management strategy. Listing of the Trust Units on both the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ("PWI.UN") and the New York Stock Exchange ("PWI") provides access to capital which can be used to fund acquisitions and the Trust's active development program. |
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