Provident's Board of Directors currently comprises eleven directors. Directors are elected by unitholders each year at the Annual General Meeting (AGM). Between AGMs, the board may appoint directors to serve until the next AGM. The Board Chairman is an independent director. The Board of Directors is responsible for the stewardship of Provident and overseeing the operation of the business of Provident including responsibility for planning and evaluation, financial management, operations, human resources and environment and safety.

The Board of Directors is directly responsible for:

• adopting a strategic planning process;
• identifying principal risks and implementing risk management systems;
• succession planning, including the appointment, training and monitoring of senior management;
• implementation of and compliance with a communications and disclosure policy in accordance with applicable laws and stock exchange rules;
• reviewing annually, the controls and procedures established for the certification of financial and other disclosure;
• developing or approving the corporate goals and objectives the CEO and President are responsible for meeting
• monitoring compliance with Provident's Code of Business Conduct and other policies.

Currently the Board meets a minimum of twelve times per year or as frequently as deemed necessary. Directors are expected to review the materials provided and to make every effort to attend all board and relevant committee meetings. Independent directors hold in camera sessions without management present, following all quarterly board and committee meetings. Directors have access to management where necessary and the Board and committees have the right to retain legal and other advisory services at Provident's expense. Board effectiveness is evaluated annually by its members.

John B. Zaozirny, Q.C.
Chairman of the Board,
Calgary, Alberta
Director since March 2001

John Zaozirny is counsel to the law firm of McCarthy Tetrault LLP. He is also a director and a strategic advisor to a number of public and private corporations and trusts, as well as a Governor of the Business Council of British Columbia.

Member of Governance, Human Resources and Compensation Committee

[top]

Grant D. Billing, C.A.
Calgary, Alberta
Director since March 2001

Grant Billing has been Executive Chairman anda director of SuperiorPlus Income Trust since 1998. He is a prior President and Chief Executive Officer of Norcen Energy Ltd. He is the director of Capital Energy Resources Ltd..

Member of Governance, Human Resources and Compensation Committee

[top]

Thomas W. Buchanan, CA
Calgary, Alberta
Director since March 2001

Tom Buchanan is President and Chief Executive Officer of Provident Energy Trust In 1993, Tom established Founders Energy, a junior independent oil and gas company that was converted into Provident Energy Trust in 2001. He is a prior Executive Vice President Corporate Development, Chief Financial Officer, President and Chief Executive Officer of Founders Energy Ltd. He is also director of Churchill Energy Inc., Athabasca Oilsands Corp., the Edge School for Athletes and Chairman of Renfrew Educational Services.

[top]

Hugh A. Ferguson , LLB
Calgary, Alberta
Director since March 2005

Hugh Ferguson is a former Vice President and director with Dow Chemical Canada Inc. He is also a director and advisor to a number of public and private corporations including the Canadian Energy Research Institute, Taylor NGL Limited Partnership and Conexus Income Fund

Member of the Audit Committe and the Reserves, Operations and EH&S Committee

Randall J. Findlay, P.Eng.
Calgary, Alberta
Director since March 2001

Randy Findlay is a former President of Provident Energy Trust. He is a prior Executive Vice President and Chief Operating Officer of Founders Energy Ltd., Senior Vice President of TransCanada Pipelines Ltd., and President and Chief Executive Officer of TransCanada Gas Processing L.P. He is a director of Canadian Helicopter Income Fund and TransAlta Power LP. He is the Chairman of the Children's Hospital Foundation and a past President and Director of the Canadian Mental Health Association.

top]

Norman R. Gish, LLB
Calgary, Alberta
Director since October 2003

Norman Gish is President of Gish Consulting, Inc. He is past Chairman, President,and CEO of Alliance Pipeline Ltd and Aux Sable Liquids Products Inc. He is also a director of Falconbridge Limited, Railpower Technologies Corp. and SuperiorPlus Income Fund.

Member of the Governance, Human Resources and Compensation Committee

[top]

Bruce R. Libin, Q.C.
Calgary, Alberta
Director since May 2001

Bruce Libin is the Chairman and Executive Chairman and Chief Executive Officer of Destiny Resource Services Corp. He has also been President of B.R. Libin Capital Corp. He is also a Director of Winstar Resources Ltd.

Member of the Audit Committee and the Reserves, Operations and EH&S Committee

[top]

Dr. Robert Mitchell, Ph.D.
Calgary, Alberta
Director since January 2004

Dr. Robert Mitchell has been an independent business man since September 2003. Prior, he was the Executive Vice President of Talisman Energy, Inc. He is also director of Winstar Resources Ltd, the Petroleum Technology Research Institute and the Canadian Gas Potential Committee. He is a member of the Advisory Committee to the Alberta Energy and Utilities Board and the Society of Petroleum Technology Research Centre in Saskatchewan.

Member of the Reserves, Operations and EH&S Committee

[top]

Byron J. Seaman, D.Sc.
Calgary, Alberta
Director Emeritus

Byron Seaman is an independent businessman and private investor. He is also a director of Rider Resources.

[top]

M.H. (Mike) Shaikh, CA
Calgary, Alberta
Director since March 2001

Mike Shaikhis the President of M.H. Shaikh Professional Corporation (Chartered Accountants). He is or has been a member of various public companies. He is a member of the Calgary Police Commission anda past member of the Alberta Securities Commission. He is also an Honourary Investment Counselor for Pakistan.

Chairman of the Audit Comittee

[top]

Jeffrey T. Smith, P. Geol.
Calgary, Alberta
Director since May 2001

Jeffrey Smith is an independent businessman and private investor. He is also a director of Compton Petroleum Ltd. and Cordero Energy Inc.

Chairman of the Goverance, Human Resources and Compensation Committee and the Reserves, Operations and EH&S Committee.

[top]