Taylor NGL Limited Partnership

Taylor NGL Limited Partnership

October 26, 2007 15:15 ET

Taylor NGL Limited Partnership Announces November 2007 Distribution and Appointment of Director to the Board

CALGARY, ALBERTA--(Marketwire - Oct. 26, 2007) - Taylor Gas Liquids Ltd., general partner of Taylor NGL Limited Partnership (TSX:TAY.UN) (TSX:TAY.DB), is pleased to announce a cash distribution of $0.0625 per limited partnership unit to be paid on November 15 to unitholders of record on November 9, 2007.

Taylor will announce third quarter 2007 results after the market closes on October 31. A conference call to discuss these results will be held on November 1 at 8:30 a.m. MT / 10:30 a.m. ET. To participate in the conference call, please dial 416-695-9748 in the Toronto area and 866-852-2121 from all other areas of Canada.

A recording of the call will be available for replay until November 8 by dialing 416-695-5800 or 800-408-3053 (passcode 3236813#) or by following the links on Taylor's website, www.taylorngl.com.

The Board of Directors of Taylor Gas Liquids Ltd. is pleased to announce the appointment of Vick Dusik as director. Mr. Dusik is a chartered accountant and has held various progressive positions with Ernst & Young LLP providing public accounting and consulting services to a wide variety of companies and industry sectors. He consulted in the corporate finance practice on valuation and pricing of acquisitions and divestitures. Mr. Dusik also acted as Managing Partner of the Calgary office of Ernst & Young providing a full range of services principally to the energy sector. Mr. Dusik directed the North American Center of Excellence for Ernst & Young's risk management services to the electric and gas utility sector. In August 2002, he joined Maxim Power Corp, a publicly listed independent power and energy producer with operations in Canada, United States and France. As Vice President Finance and Chief Financial Officer, his responsibilities included debt and equity financings, acquisitions, project evaluation and capital deployment, investor relations, public reporting, budgeting and performance reporting, information technology, risk management and corporate administration. Currently, Mr. Dusik is a consultant to the independent power generation sector in British Columbia.

On October 25, 2007, the Alberta Government announced a new royalty framework for Alberta. To read more about Alberta's new royalty framework go to www.alberta.ca and follow the links. Taylor, although not directly affected by changes to royalty rates as it does not pay royalties on its NGL production, could be impacted to the extent that modifications to the royalty system cause natural gas producers to change their production or exploration strategy. Management will continue to monitor changes to the royalty framework.


Taylor NGL Limited Partnership develops and invests in energy infrastructure opportunities in the areas of power generation, natural gas processing, and natural gas liquids production, processing, terminalling and pipelining.

Taylor currently owns and operates the Harmattan Complex, the RET Complex and the Joffre Extraction Plant, all in Alberta, and the Younger Extraction Plant in British Columbia. The Joffre and Younger plants are natural gas liquids extraction facilities that produce ethane, propane, butane and condensate. The Harmattan Complex and the RET Complex are natural gas processing facilities that provide services to oil and natural gas producers. The Partnership also owns two NGL pipelines - the Ethylene Delivery System and the Joffre Feedstock Pipeline, both of which move products between Joffre, Alberta and Fort Saskatchewan, Alberta. In addition, the Partnership has an interest in a run-of-river power generation facility located in British Columbia.

Taylor NGL Limited Partnership units and convertible debentures trade on the Toronto Stock Exchange under the symbol TAY.UN and TAY.DB, respectively.

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