APF Energy Acquires Great Northern

On June 4, 2004, APF Energy Trust completed its acquisition of all of the issued and outstanding common shares of Great Northern Exploration Ltd. under a friendly takeover bid. The total value of the transaction was approximately $291 million, including the assumption of approximately $56 million of outstanding bank debt.

APF Energy was represented by Nancy Penner, Anthony Rasoulis, John McClure (tax) and Seema Johal (competition) of Parlee McLaws in Calgary; and by Dan Miller and Hilary Paterson of Torys in New York, who acted as US counsel.

Great Northern was represented by Gary Bugeaud, Richard Smith (employment), David Ross (tax) and Alicia Quesnel (competition) of Burnet, Duckworth & Palmer in Calgary.

Lawyer(s)

John W. McClure Richard B. Smith David W. Ross Seema S. Johal Alicia K. Quesnel Hilary Paterson Nancy M. Penner

Firm(s)

Parlee McLaws LLP Torys LLP Burnet, Duckworth & Palmer LLP