Trinidad Energy Services Income Trust Announces Cash Distribution for January, 2005

Release Date: January 17, 2005

CALGARY, Jan. 17 /CNW/ – Trinidad Energy Services Income Trust (“TDG.UN”) announces that the cash distribution for the month of January 2005 to be paid February 15, 2005 for unitholders of record on January 31, 2005 will be 6 cents per trust unit ($0.72 per annum).

Trinidad Trust has implemented a Distribution Reinvestment Plan for the benefit of its unitholders. Participation information can be found on our website at www.trinidaddrilling.com, or Registered Unitholders may contact the undersigned or Valiant Trust Company (the Plan Agent) at: Phone: 403-233-2801; Fax: 403-233-2847; E-mail: valiantstocktransfer(at)telusplanet.net. Non-Registered Unitholders should contact their individual investment dealers.

Trinidad Energy Services is a growth oriented income trust that trades on the TSX under the symbol TDG.UN. Trinidad’s divisions operate in the drilling and well servicing sectors of the Canadian oil and gas industry. After construction of Trinidad’s new drilling rigs, the Trust will have a total of 52 drilling rigs and 8 service rigs. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well trained and experienced personnel. Trinidad’s drilling fleet is one of the most adaptable and competitive in the industry.

The Toronto Stock Exchange has neither approved nor disapproved
the information contained herein.

/For further information: Michael E. Heier, CEO or Brent Conway, CFO, (403) 265-6525, e-mail: twood(at)trinidaddrilling.com/

© Canada Newswire Ltd.