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Progress Energy Trust Confirms September Distribution

CALGARY, Sept. 15 /CNW/ - (TSX-PGX.UN) - Progress Energy Trust ("Progress" or the "Company") toda...

articleStillwater Critical Minerals CorpSeptember 15, 20084/company/mrowleycriticalmineralscoms-org/news/progress-energy-trust-confirms-september-distribution
Progress Energy Trust Confirms September Distribution

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[{"type":"text","content":"\n\n\n\nCALGARY, Sept. 15 /CNW/ - (TSX-PGX.UN) - Progress Energy Trust\n("Progress" or the "Company") today confirmed a distribution of $0.10 per\nTrust unit for the month of September. The distribution will be paid on\nOctober 15, 2008 to unitholders of record on September 30, 2008. The\nex-distribution date is expected to be September 26, 2008.\n\n\nProgress is a Calgary based, natural gas focused trust targeting growth\nin production and reserves per unit through the utilization of its technical\ncapability and capital investment efficiencies. Primary operating areas\ninclude the Deep Basin of northwest Alberta and the Foothills and Plains\nregions of northeast British Columbia. Units of Progress trade on the Toronto\nStock Exchange (TSX) under the symbol PGX.UN. Exchangeable Shares of Progress\nEnergy Ltd. trade on the TSX under the symbol PGE and its convertible\ndebentures trade on the TSX under the symbols PGX.DB and PGX.DB.A.\n\n\nForward-Looking Statements - Certain information regarding Progress set\nforth in this document, including management's assessment of Progress' future\nplans and operations, contains forward-looking statements that involve\nsubstantial known and unknown risks and uncertainties. In particular,\nforward-looking statements included in this document, include but are not\nlimited to, statements with respect to levels of distributions to be paid to\nunitholders and timing of payment of such distributions. These forward-looking\nstatements are subject to numerous risks and uncertainties, certain of which\nare beyond Progress' control, including the impact of general economic\nconditions, industry conditions, volatility of commodity prices, currency\nfluctuations, imprecision of reserve estimates, environmental risks,\ncompetition from other producers, the lack of availability of qualified\npersonnel or management, stock market volatility and ability to access\nsufficient capital from internal and external sources. Progress' actual\nresults, performance or achievement could differ materially from those\nexpressed in, or implied by, these forward-looking statements and,\naccordingly, no assurance can be given that any of the events anticipated by\nthe forward-looking statements will transpire or occur, or if any of them do\nso, what benefits that Progress will derive therefrom. These...

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