October 30, 2007 Canetic Resources Trust Canetic Resources Inc. 1900, 255 5th Avenue S.W. Calgary, Alberta T2P 3G6Penn West Energy Trust • November 8th, 2007 • Crude petroleum & natural gas
This letter sets forth the agreement between Penn West Energy Trust ("Penn West"), Penn West Petroleum Ltd. ("Penn West Petroleum"), Canetic Resources Trust ("Canetic") and Canetic Resources Inc. ("CRI") with respect to a proposed transaction (the "Transaction") to combine Penn West and Canetic.
