Stoneham Drilling Trust

Stoneham Drilling Trust

October 14, 2005 15:49 ET

Stoneham Drilling Trust Announces Cash Distribution for October 2005

CALGARY, ALBERTA--(CCNMatthews - Oct. 14, 2005) - Stoneham Drilling Trust (TSX:SDG.UN) ("Stoneham") announced that its cash distribution for the period from October 1, 2005 to October 31, 2005 will be $0.125 per trust unit ($1.50 per annum). The distribution will be paid on November 15, 2005 to unitholders of record on October 31, 2005.

Stoneham is an income trust that provides contract drilling services to oil and natural gas exploration and production companies operating in western Canada. With its modern innovative fleet of nine telescopic drilling rigs and three additional rigs currently under construction, Stoneham is an industry leader in operational performance and rig utilization. Stoneham trades on the TSX under the symbol SDG.un. The Trust pays monthly cash distributions to unitholders.

This news release may contain forward-looking statements concerning the anticipated performance of Stoneham. Forward-looking statements are based on the estimates and opinions of management at the date the statements are made, and Stoneham undertakes no obligation to update forward looking statements if conditions or opinions should change.

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

Contact Information