Trinidad Energy Services Income Trust Announces Cash Distribution for March 2005
Release Date: March 16, 2005
CALGARY, March 16 /CNW/ – Trinidad Energy Services Income Trust (“TDG.UN”) announces that the cash distribution for the month of March 2005 to be paid April 15, 2005 for unitholders of record on March 31, 2005 will be 6.5 cents per trust unit ($0.78 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 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. The Trust has a total of 52 drilling rigs with depth ratings ranging from 1,000 to 5,500 metres and 87% of its fleet less than 5 years old. In addition to its drilling rigs, Trinidad will have 12 service rigs that are either new or have been completely retrofitted. 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: contact: Michael E. Heier, CEO, or Brent Conway, CFO, at (403) 265-6525, e-mail: twood(at)trinidaddrilling.com/
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