Trinidad Energy Services Income Trust Announces Cash Distribution for June 2005
Release Date: June 16, 2005
18:00 EDT Thursday, June 16, 2005
TSX SYMBOL: TDG.UN
CALGARY, June 16 /CNW/ – Trinidad Energy Services Income Trust (“TDG.UN”) announces that the cash distribution for the month of June 2005 to be paid July 15, 2005 for unitholders of record on June 30, 2005 will be 7.5 cents per trust unit ($0.90 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: email@example.com. Non-Registered Unitholders should contact their individual investment dealers.
Trinidad Energy Services Income Trust 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 North American oil and gas industry. With the completion of the rig construction programs underway, the Trust will have 74 drilling rigs ranging in depths from 1,000 – 6,000 metres. In addition to its drilling rigs, Trinidad has 11 service rigs that have been completely retrofitted or are new within the past five years and 1 more service rig currently under construction. Trinidad also operates 14 pre-set and coring rigs acquired through its recently announced acquisition of Titan Surface Casing Ltd. 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 at (403) 265-6525, e-mail: info(at)trinidaddrilling.com/