U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM F-X
                   APPOINTMENT OF AGENT FOR SERVICE OF PROCESS
                                 AND UNDERTAKING


A.       Name of issuer or person filing ("Filer"):  PETROFUND ENERGY TRUST

B.       This is [check one]:

         [X]      an original filing for the Filer.
         [ ]      an amended filing for the Filer.

C.       Identify the filing in conjunction with which this form is being filed:

D.       Name of registrant:               PETROFUND ENERGY TRUST

         Form type:                        REGISTRATION STATEMENT ON FORM F-10

         File number (if known):           NOT KNOWN

E.       Filed by:                         PETROFUND ENERGY TRUST

         Date filed (if filed
         concurrently, so indicate):       CONCURRENT WITH FILING OF FORM F-10

F.       The Filer is incorporated or organized under the laws of

                                           ONTARIO, CANADA

         and has its principal place of business at

                                           600, 444 - 7TH AVENUE S.W.
                                           CALGARY, ALBERTA, CANADA
                                           T2P 0X8
                                           (403) 218-8625

G.       The Filer designates and appoints CT Corporation System (the "Agent"),
         located at:

                                            111 EIGHTH AVENUE
                                            NEW YORK, NEW YORK 10011
                                            TELEPHONE:  (212) 894-8700

         as the agent of the Filer upon whom may be served any process,
         pleadings, subpoenas, or other papers in:




          (a)  any investigation or administrative proceeding conducted by the
               Commission; and

          (b)  any civil suit or action brought against the Filer or to which
               the Filer has been joined as defendant or respondent, in any
               appropriate court in any place subject to the jurisdiction of any
               state or of the United States, or of any of its territories or
               possessions, or of the District of Columbia, where the
               investigation, proceeding or cause of action arises out of or
               relates to or concerns the securities in relation to which the
               obligation to file an registration statement on Form F-10 arises,
               or any purchases or sales of such securities. The Filer
               stipulates and agrees that any such civil suit or action or
               administrative proceeding may be commenced by the service of
               process upon, and that service of an administrative subpoena
               shall be effected by service upon such agent for service of
               process, and that the service as aforesaid shall be taken and
               held in all courts and administrative tribunals to be valid and
               binding as if personal service thereof had been made.

H.        The Filer stipulates and agrees to appoint a successor agent for
          service of process and file an amended Form F-X if the Filer
          discharges the Agent or the Agent is unwilling or unable to accept
          service on behalf of the Filer at any time until six years have
          elapsed from the date the issuer of securities to which such forms and
          schedules relate has ceased reporting under the Securities Exchange
          Act of 1934, as amended. The Filer further undertakes to advise the
          Commission promptly of any change to the Agent's name or address
          during such period by amendment of this Form, referencing the file
          number of the relevant form in conjunction with which the amendment is
          being filed.

I.        The Filer undertakes to make available, in person or by telephone,
          representatives to respond to inquiries made by the Commission staff,
          and to furnish promptly, when requested to do so by the Commission
          staff, information relating to the Form F-10, the securities to which
          the Form F-10 relates; and the transactions in such securities.



     The Filer certifies that it has duly caused this power of attorney,
consent, stipulation and agreement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Calgary, Province of
Alberta, Canada, this 10th day of May, 2004.




Filer:   PETROFUND ENERGY TRUST        By:       /s/ Vince P. Moyer
                                           ------------------------------------
                                           Name:   Vince P. Moyer
                                           Title:  Senior Vice President
                                                   Finance & CFO







     This statement has been signed by the following persons in the capacities
and on the dates indicated.


                                        CT CORPORATION SYSTEM
                                        As agent for Service of Process for
                                        PETROFUND ENERGY TRUST


                                        By: /s/ Sheila Clark
                                            -----------------------------------
                                            Name:  Sheila Clark
                                            Title: Assistant Secretary


                                        Date: May 14, 2004