Petrowest Energy Services Trust announces executive management change

    CALGARY, Aug. 13 /CNW/ - Petrowest Energy Services Trust (TSX: PRW.UN)
announced today that Mr. Ken Drysdale has resigned as President and CEO
effective immediately to pursue personal interests. Mr. Drysdale will assist
in the transition in an advisory capacity and will remain as a member of the
Board of Directors. Mr. D. Hugh Gillard, currently Chairman of the Board, will
become Interim CEO in addition to his current Chairman duties and 
Mr. Keith Hudson, currently Vice President Business Development, will become
Interim COO. A search for a permanent CEO will commence immediately.
    "Ken was instrumental in the creation of Petrowest and in bringing
together a group of private companies that are well positioned to deliver
strong performances. On behalf of the Board of Directors, the staff and all
unitholders we thank Ken for his dedication and commitment to building value
despite numerous industry challenges. His insight and vision of what Petrowest
can and will be has set the stage for a strong recovery. We look forward to
his continued valuable contribution as a director" stated Hugh Gillard.
    "I am personally proud of Petrowest and what we have created for the
future" stated Ken Drysdale. "Petrowest is a diversified and solid service
provider and I have every confidence that it will grow and prosper as
originally envisaged at the time of the IPO. I feel that I have taken
Petrowest as far as I can, and it is now time to step aside and allow another
CEO to take it to the next level. As a significant unitholder and as a
continuing director I look forward to working with the new CEO."

For further information:

For further information: please contact D. Hugh Gillard, Interim Chief
Executive Officer, by phone at (403) 206-4454 or by email at

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