Penn West announces its results for the second quarter ended June 30, 2008

Penn West announces its results for the second quarter ended June 30, 2008 CALGARY, Aug. 7 /PRNewswire-FirstCall/ - PENN WEST ENERGY TRUST (TSX - PWT.UN; NYSE - PWE) is pleased to announce record funds flow for the second quarter ended June 30, 2008. ------------------------------------------------------------------------- Business Strategy - In 2008, Penn West successfully continued its strategy of acquiring high quality conventional assets weighted to light oil with potential for future exploitation using new completions technology and enhanced oil recovery. Including the Petrofund acquisition in June 2006 and the Vault and Canetic acquisitions in January 2008, Penn West acquired in excess of 424 million barrels of proved plus probable reserves weighted approximately 60 percent to light oil for $9.6 billion, of which over... [read full story]