PENN WEST ENERGY TRUST (TSX - PWT.UN; NYSE - PWE) is pleased to confirm
cash distributions for May 2007
CALGARY, May 22 /CNW/ - Penn West Energy Trust ("Penn West") confirms that its May 2007 cash distribution will be CDN$0.34 per trust unit payable on June 15, 2007 to unitholders of record on May 31, 2007. The ex-distribution date is May 29, 2007.
The CDN$0.34 per unit is equivalent to approximately US$0.31 per unit (before deduction of any applicable Canadian withholding tax), using a current U.S./Canadian exchange ratio of 0.92. Registered unitholders with U.S. addresses will receive their distributions directly from our transfer agent, and will be paid in U.S. currency using the exchange rate in effect on the record date. Non-registered U.S. unitholders will receive their distributions through their brokers.
Penn West also wishes to announce its 2006 Annual Report has been filed with SEDAR. Copies may be downloaded electronically through Penn West's website at www.pennwest.com or via SEDAR at www.sedar.com or EDGAR at www.sec.gov/edgar.shtml. Printed copies of the annual report will be mailed in the near future to investors on our mailing list. Copies may also be obtained by contacting investor relations.
Penn West Energy Trust is a senior oil and natural gas energy trust based in Calgary, Alberta that trades on the Toronto Stock Exchange under the symbol PWT.UN and on the New York Stock Exchange under the symbol PWE.
%SEDAR: 00022266E %CIK: 0001334388