Profile: Paramount Energy Trust (PMT_u.TO)

Paramount Energy Trust (PET or the Trust) is an unincorporated trust. PET was established for the purposes of issuing Trust Units and acquiring, and holding royalties and other investments. PET has a 100% ownership of Paramount Energy Operating Corp. (the Administrator) and beneficial interests of Paramount Operating Trust (POT). The Trust’s asset base comprises properties in seven core areas: West Side, East Side, Athabasca (all in northeast Alberta), Birchwavy East, Birchwavy West, East Central Alberta (all in east central and southern Alberta) and assets owned by Severo (in central Alberta). In addition, PET has certain other assets in southern Alberta, as well as southwest Saskatchewan. As of July 14, 2009, the Trust had acquired approximately 68.36% interest in Profound Energy Inc.