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Abstract
In a separate vote, the unitholders of APF approved APF's merger with StarPoint (the "Merger"). Together with StarPoint's recently announced purchase of an additional $392 million of assets from EnCana Corporation (the "EnCana Transaction"), the combined trust will have an estimated 2005 exit production rate in excess of 31,500 boe/d, and an enterprise value of approximately $2 billion. The combined trust will continue under the StarPoint name and will be led by the existing StarPoint management team. [Martin Hislop] and [Steve Cloutier], APF's current Chief Executive Officer and President, respectively, will join the StarPoint board of directors upon completion of the Merger.
APF Energy Trust (TSX:AY.UN) (TSX:AY.DB) ("APF") and Rockyview Energy Inc. ("Rockyview") jointly announced today that APF's unitholders approved APF's plan of arrangement and related transactions respecting the creation of Rockyview and the merger with StarPoint Energy Trust ("StarPoint"). APF also received the approval of the Court of Queen's Bench of Alberta and all other necessary regulatory approvals regarding the plan of arrangement. The plan of arrangement was completed today and is effective immediately. At their election, APF unitholders received 0.167 of a Rockyview common share for each APF unit held.