Petrowest Energy Services Trust announces cash distribution

    CALGARY, June 21 /CNW/ - Petrowest Energy Services Trust ("Petrowest")
(TSX - "PRW.UN") announced today that its cash distribution for month of June
2007 will be $0.10 per trust unit. The distribution will be paid on July 15,
2007 to unitholders of record on June 30, 2007. The trust units will commence
trading on an ex-distribution basis on June 27, 2007 at the opening of

    This news release contains forward-looking statements that involve
substantial known and unknown risks and uncertainties. These forward-looking
statements are identified by their use of terms and phrases such as
"anticipate," "achievable," "believe," "expect," "estimate," "plan," "intend,"
"project," "may," "should", "could", "predict", "may," "will," or similar
words suggesting future outcomes or language suggesting an outlook.
    Forward-looking statements and information are based on Petrowest's
current beliefs as well as assumptions made by and information currently
available to Petrowest concerning anticipated business performance. Although
management of Petrowest considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect.
Forward-looking statements are subject to many external variables that are
beyond Petrowest's control, such as fluctuating prices for crude oil and
natural gas, changes in drilling activity, and general local and global
economic, political, business and weather conditions. If any of these, or
other uncertainties, materialize the actual results of Petrowest may vary
materially from those expected.

For further information:

For further information: Kenneth N. Drysdale, President and Chief
Executive Officer, or John B. Paul, Chief Financial Officer, at (780) 830-0881

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890