Penn West Petroleum Converts to Penn West Energy Trust

On May 31, 2005, Penn West Petroleum Ltd., a senior independent Canadian oil and natural gas company focused on exploration and development activity in the Western Canadian sedimentary basin and based in Calgary, Alberta, completed a $5.2 billion plan of arrangement resulting in the conversion of Penn West Petroleum to an income trust, Penn West Energy Trust.

Penn West Petroleum was represented by Burnet, Duckworth & Palmer LLP with a team that included John Brussa, Jeff Fortin, Allan Twa, Q.C., John Wilmot, John Cuthbertson and Jeff Oke.

As part of the conversion, Penn West entered into a new credit facility and the lending syndicate, led by the Canadian Imperial Bank of Commerce, was represented by Blake, Cassels & Graydon LLP in Calgary with a team that included Dan Fournier (energy) and Kevin Fougere (financial services).


Jeff Fortin Jeffrey T. Oke John A. Brussa Daniel P.E. Fournier John A. Wilmot Karen M. Rogers Kevin Fougere Edwin A. Flak John H. Cuthbertson


Burnet, Duckworth & Palmer LLP Blake, Cassels & Graydon LLP