| Cash Distributions:
All net cash flow from the acquired oil and gas
properties and energy infrastructure is paid to
Provident Energy Trust through a combination of
royalties, interest and principal repayments of
debt. Net cash flow is revenue less operating
costs, royalties, general and administrative expenses,
management fees, interest charges and any taxes
payable by Provident Energy Trust. The residual
1% income from Provident Energy Trust is offset
against the general and administrative expenses
and management fee, thereby increasing distributions
to unitholders.
Cash distributions are paid to unitholders on
a monthly basis after deductions for debt principal
repayments, capital expenditures and reclamation
fund contributions. |
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