CALGARY, Feb. 8 /CNW/ - Penn West Energy Trust ("Penn West") is pleased
to announce the following changes to its senior management team. Murray R.
Nunns, P.Geol., has agreed to join Penn West as President and Chief Operating
Officer, effective immediately. Mr. Nunns will report to William E. Andrew,
Penn West's Chief Executive Officer. Reporting to Mr. Nunns will be David W.
Middleton, who has held a number of senior management positions with Penn West
since 1999, and will continue in a more concentrated role with Penn West as
Executive Vice President, Operations and Business Development. As part of his
new role, Mr. Middleton will increase Penn West's strategic focus on the
development of enhanced oil recovery programs, including the advancement of
its initiatives to increase the recovery of light oil using CO(2) miscible
flooding, from its preeminent inventory of legacy light oil pools. Todd
Takeyasu, currently Penn West's Senior Vice President, Finance - Treasury, has
been appointed Executive Vice President and Chief Financial Officer, also
reporting to Mr. Nunns. Mr. Takeyasu is an integral member of Penn West's
senior management team and has been employed with Penn West in various senior
roles since 1994. In addition to the foregoing appointments, Sherry A. Wendt,
currently Corporate Counsel and Assistant Corporate Secretary for Penn West,
has been appointed Corporate Secretary.
Penn West also announces that J. Paul Charron and Richard J. Tiede have
resigned from their employment with Penn West, effective immediately.
Mr. Nunns has 29 years of growth oriented oil and natural gas experience,
and brings to Penn West a long history of consistent success as an exploration
and operational executive. From 1987 to 1993, Mr. Nunns received broad
geotechnical exposure, including international oil and natural gas portfolio
management, as Chief Geologist at Unocal. From 1993 to 2002, Mr. Nunns held a
series of management positions at Rio Alto Exploration Ltd. including
Executive Vice President of Exploration and Development and Chief Operating
Officer. Since 2003, Mr. Nunns has been instrumental in the formation and
management of several successful public and private oil and gas companies.
Mr. Nunns was a member of the Board of Directors of Penn West from 2005 until
Ms. Wendt is a lawyer with a Bachelor of Commerce from the University of
Manitoba and a Bachelor of Laws from the University of Calgary. Before joining
Penn West as Corporate Counsel in 2007, Ms. Wendt practiced with the law firm
of Bennett Jones LLP, acting for energy companies on a variety of corporate
and commercial transactions and other matters. Prior to her career in law,
Ms. Wendt worked in the area of investment analysis with Investors Group
Investment Management Ltd.
Penn West trust units and debentures are listed on the Toronto Stock
Exchange under the symbols PWT.UN, PWT.DB.A, PWT.DB.B, PWT.DB.C, PWT.DB.D,
PWT.DB.E and PWT.DB.F and Penn West trust units are listed on the New York
Stock Exchange under the symbol PWE.
%SEDAR: 00022266E %CIK: 0001334388
For further information:
For further information: PENN WEST ENERGY TRUST, Suite 2200, 425 - First
Street S.W., Calgary, Alberta, T2P 3L8, Phone: (403) 777-2500, Toll-free:
1-866-693-2707, Fax: (403) 777-2699; Investor Relations: William Andrew, Chief
Executive Officer, Phone: (403) 777-2502, Toll-free: 1-888-770-2633, E-mail:
firstname.lastname@example.org, Website: www.pennwest.com