October 30, 2007 Canetic Resources Trust Canetic Resources Inc. 1900, 255 5th Avenue S.W. Calgary, Alberta T2P 3G6Business Combination Agreement • November 8th, 2007 • Penn West Energy Trust • Crude petroleum & natural gas
Contract Type FiledNovember 8th, 2007 Company IndustryThis 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.