Overview

PET makes cash distributions on the 15th day of each month to Unitholders of record as at the last business day of the immediately preceding month (See Current Distribution Calendar or Distribution History).

Distributions will generally be comprised of royalty and interest income PET receives from Paramount Operating Trust (POT) with respect to the immediately preceding month which will generally be 99 percent of production revenue from oil and gas properties less expenses and other amounts payable to third parties including:

• Field operating expenses
• Crown and other royalty expenses
• Generally and administrative expenses
• Interest Costs

Capital expenditures, debt payments and site reclamation expenditures incurred by POT will also reduce monthly distributions.