CALGARY, Aug. 11 /CNW/ - (TSX - PGX.UN) Progress Energy Trust ("Progress"
or the "Company") today announced that it will be presenting at the 2008 Oil &
Gas Conference in Denver, Colorado.
Mr. Michael Culbert, President and Chief Executive Officer of Progress,
will present at 10:05 a.m. (Denver and Calgary time), on Wednesday, August 13.
Interested investors may access the presentation on Progress' website at
www.progressenergy.com or by audio webcast accompanied by presentation slides
Progress is a Calgary based, natural gas focused trust targeting growth
in production and reserves per unit through the utilization of its technical
capability and capital investment efficiencies. Primary operating areas
include the Deep Basin of northwest Alberta and the Foothills region of
northeast British Columbia. Units of Progress trade on the Toronto Stock
Exchange (TSX) under the symbol PGX.UN. Exchangeable Shares of Progress Energy
Ltd. trade on the TSX under the symbol PGE and its convertible debentures
trade on the TSX under the symbols PGX.DB and PGX.DB.A.
Forward Looking Statements - Certain information regarding Progress set
forth in this document, including management's assessment of Progress's future
plans and operations, contains forward-looking statements that involve
substantial known and unknown risks and uncertainties. These forward-looking
statements are subject to numerous risks and uncertainties, certain of which
are beyond Progress's control, including the impact of general economic
conditions, industry conditions, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks,
competition from other producers, the lack of availability of qualified
personnel or management, stock market volatility and ability to access
sufficient capital from internal and external sources. Progress's actual
results, performance or achievement could differ materially from those
expressed in, or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any of events anticipated by the
forward-looking statements will transpire or occur, or if any of them do so,
what benefits that Progress will derive therefrom.
For further information:
For further information: Greg Kist, Vice President, Investor Relations
and Marketing, Phone: (403) 539-1809, Fax: (403) 216-2514, Email
email@example.com, Web: www.progressenergy.com