Pengrowth Energy Trust announces the closing of the Murphy oil and gas property acquisition
May 31 2004 - 7:34PM
PR Newswire (US)
Pengrowth Energy Trust announces the closing of the Murphy oil and
gas property acquisition Stock Symbol: PGF.UN, TSX; PGH, NYSE
CALGARY, May 31 /PRNewswire-FirstCall/ -- Pengrowth Corporation
("Pengrowth"), administrator of Pengrowth Energy Trust, announced
today that it has closed the previously announced acquisition of
certain oil and natural gas assets in Alberta and Saskatchewan with
an effective date of April 1, 2004 for a net purchase price of Cdn
$550 million prior to adjustments through the purchase of shares in
a numbered Alberta corporation. Pengrowth paid for the properties
with a combination of cash on hand and by drawing down committed
debt financings. PENGROWTH CORPORATION James S. Kinnear, President
DATASOURCE: Pengrowth Energy Trust CONTACT: about Pengrowth, please
visit our website http://www.pengrowth.com/ or contact: Investor
Relations, Calgary, E-mail: , Telephone: (403) 233-0224, Toll Free:
1-800-223-4122, Facsimile: (403) 294-0051; Investor Relations,
Toronto, E-mail: , Telephone: (416) 362-1748, Toll Free:
1-888-744-1111, Facsimile: (416) 362-8191
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