TAQA appoints new CFO

Fraser has enjoyed a 27 year career within the Canadian energy industry. Prior to joining PrimeWest in April 2007, he held senior financial positions at Imperial Oil Limited, Petro-Canada and was most recently Vice President and Chief Financial Officer at Husky Energy Inc. Fraser's main short-term focus will be in the integration of PrimeWest Energy Trust into TAQA North, TAQA's wholly-owned Canadian subsidiary.

In addition to Fraser's appointment, two members of PrimeWest's senior management team, Ryan Wong and David Johnson, will each take on a global remit within TAQA. Ryan Wong takes up the role of Group Vice President, Treasury, and David Johnson becomes Group Vice President of Human Potential, Upstream Exploration and Production.

Peter Barker Homek, Chief Executive Officer of TAQA, commented on today's announcement:

"Doug's depth of experience within the Canadian energy industry will be a real asset to TAQA, in both the integration process and building the business going forward. Today's appointments are in line with our strategy to acquire quality assets and the best people from key markets around the world."

"All three are extremely experienced within their business areas and have enjoyed highly successful careers within the Canadian oil and gas industry. I am confident that they will bring with them a wealth of knowledge and best-practice that will benefit TAQA business units around the world, and contribute to our goal of becoming a world-class transnational energy company,"

Ryan Wong joins Doug in TAQA's global financial team after more than 25 years holding corporate and strategic financial planning roles within the energy industry, most recently as Corporate Treasurer at PrimeWest Energy Trust. Having seen companies through corporate acquisitions, Ryan will focus on corporate finance, managing cash movement, risk management and building corporate relationships with banks and debt rating agencies.

David Johnson brings with him more than 20 years of experience within Canada and US-based energy companies, most recently in PrimeWest Energy Trust as Director of Human Resources and Administration.