ENERGY TRUSTS / D. Hugh Gillard Joins PrimeWest as President and Chief
Operating Officer
CALGARY, Dec. 2 /CNW/ - Kent J. MacIntyre, Vice Chairman and Chief
Executive Officer of PrimeWest Energy Inc., is pleased to announce that Mr. D.
Hugh Gillard will join PrimeWest as President and Chief Operating Officer
effective January 16, 1999.
Mr. Gillard has over 26 years of industry experience, primarily in the
gas marketing, administrative, merger and acquisition areas, in addition to
his strong financial background. Mr. Gillard is currently Chief Executive
Officer of CanWest Gas Supply Inc.
''Hugh has an excellent understanding of the business, many years of oil
and gas experience and demonstrated business acumen,'' said Kent MacIntyre.
''I am particularly pleased that Hugh's management strengths are very
complementary to my own strengths and look forward to working with Hugh to
advance our unitholders' interests in 1999 and beyond.''
PrimeWest ranks among Canada's largest royalty trusts. An investment in
PrimeWest provides unitholders with high yielding income through tax effective
monthly distributions derived from oil and gas properties. PrimeWest's
primary investment strategy is the continual enhancement of Unitholder
distributions through the cost-efficient, value-added operation of its
portfolio and by seeking accretive acquisition and expansion opportunities on
a selective basis. PrimeWest is unique among energy trusts in that it is the
operator of 90% of its asset base - providing PrimeWest with the ability to
effectively exploit the development potential and enhance the value of each
property.
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