Builders Energy Services Trust

Builders Energy Services Trust

May 12, 2005 14:32 ET

Builders Energy Services Trust Announces May Distribution

CALGARY, ALBERTA--(CCNMatthews - May 12, 2005) - Builders Energy Services Trust (TSX:BET.UN) ("Builders", or the "Trust") announced today that the cash distribution for the period May 1, 2005 to May 31, 2005 has been set at $0.12 per Trust unit.

The cash distribution will be paid on June 15, 2005 to unitholders of record on May 31, 2005.

Based in Calgary, Builders Energy Services Trust is an open-end unincorporated investment trust governed by the laws of the Province of Alberta and was established to acquire and operate entities that engage in oilfield services. The principal undertaking of the Trust, through its indirect wholly-owned subsidiary Builders Energy Services Ltd., is to provide a variety of services to oil and gas exploration and production companies in western Canada, including oilfield services, oilfield transportation and oilfield equipment rentals. Builders' Trust units are listed on the Toronto Stock Exchange under the symbol "BET.UN".

When used in this news release, the words "anticipate", "estimate" and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the date that the statements are made, and the Trust undertakes no obligation to update forward-looking statements if conditions or opinions should change.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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