Trinidad Energy Services Income Trust Announces Cash
Release Date: May 6, 2005
CALGARY, May 6 /CNW/ – Trinidad Energy Services Income Trust (“TDG.UN”) announces that the cash distribution for the month of May 2005 to be paid June 15, 2005 for unitholders of record on May 31, 2005 will be increased by 1.0 cent to 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: 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. Trinidad currently has 52 drilling rigs ranging in depths from 1,000 to 5,500 metres and 6 additional rigs under construction for operation in the United States. In addition to its drilling rigs, Trinidad has 10 service rigs that have been completely retrofitted or are new within the past five years and 2 more service rigs currently under construction. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well trained and experienced personnel. Trinidad’s drilling fleet is known to be one of most adaptable and competitive in the oil and gas service company industry.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
/For further information: Information contact: Michael E. Heier, CEO or Brent Conway, CFO at (403) 265-6525, e-mail: info(at)trinidaddrilling.com/