Petrofund

Unitholders Approve Penn West, Petrofund Merger, Vote Down E&P Spinoff

Canadian-based Penn West Energy Trust and Petrofund Energy Trust announced Wednesday that 88% of their unitholders have approved their $2.61 billion (C$2.99 billion) merger plan, but 70% have voted down a proposed new junior oil and natural gas exploration and development company.

June 29, 2006