Pengrowth Energy Trust

Pengrowth Energy Trust

September 14, 2007 12:31 ET

Pengrowth Announces Executive Appointment

CALGARY, ALBERTA--(Marketwire - Sept. 14, 2007) -

Attention: Financial Editors

Pengrowth Corporation (Pengrowth), administrator of Pengrowth Energy Trust (TSX:PGF.UN)(NYSE:PGH), is pleased to announce the appointment of Jim Donihee as Vice-President and Chief of Staff effective immediately.

In this new position, Mr. Donihee will have direct responsibility for Information Systems, Public and Government Affairs, Human Resources and Facilities Management. In addition, Mr. Donihee will be tasked with continuing to improve on overall organizational efficiencies as well as the integration and synergy opportunities available to Pengrowth following our recent acquisition driven growth.

"I am pleased to welcome Mr. Donihee to Pengrowth," says James S. Kinnear, Chairman, President and Chief Executive Officer. "Mr. Donihee's considerable experience and expertise will further enhance our leadership team and demonstrates Pengrowth's continued commitment to building its business and attaining excellence in all aspects of its business endeavours."

Mr. Donihee has over 30 years of experience culminating in his most recent position as Chief Operating Officer at the National Energy Board. Mr. Donihee also has direct experience in the oil and gas industry in various capacities with EnCana as well as extensive executive leadership and organizational experience within the Canadian military.

In addition to his business accomplishments, Mr. Donihee received his Bachelor of Business Administration and Computer Science from the College Militaire Royal in 1978 where he was a Distinguished Graduate. For his proven leadership in the military, Mr. Donihee was invested in the Order of Military Merit by her Excellency the Governor General of Canada. Mr. Donihee is also a graduate of the Australian Army's Strategic Studies program from Queenscliff in Australia, the Strategic Planning program from the Queens Executive Development Centre in 1999 and most recently the Institute of Corporate Directors program in 2006.

Pengrowth Energy Trust is one of the larger energy royalty trusts in North America. Trust units trade on the New York Stock Exchange (PGH) and the Toronto Stock Exchange (PGF.UN). Through the purchase of trust units, unitholders participate in the ownership of a large portfolio of crude oil and natural gas properties, receiving the net cash flow (after expenses and other withholdings), paid monthly, as the oil and gas reserves are produced. Pengrowth's property portfolio is one of the higher quality in the energy trust sector with a proved plus probable reserve life index of approximately 10 years and a reserve base of approximately 360 million barrels of oil equivalent at December 31, 2006 pro forma for the ConocoPhillips properties acquisition. Pengrowth's assets are characterized by low decline rates and high development potential allowing for stable production.


James S. Kinnear, Chairman, President and Chief Executive Officer

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