Builders Energy Services Trust

Builders Energy Services Trust

March 02, 2005 11:45 ET

Builders Energy Services Trust Announces Addition of New Director and New Officer


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BUILDERS ENERGY SERVICES TRUST

TSX SYMBOL: BET.UN

MARCH 2, 2005 - 11:45 ET

Builders Energy Services Trust Announces Addition of
New Director and New Officer

CALGARY, ALBERTA--(CCNMatthews - March 2, 2005) - Builders Energy
Services Trust (TSX:BET.UN) ("Builders", or the "Trust") announced that
it has added Michael J. Black as a Director of the Trust. In addition,
the Trust also announced that it has appointed John W. Nearing to the
position of Vice President, Finance and Administration. Mr. Nearing will
oversee all aspects of Investor Relations as part of his role.

Michael J. Black is a Calgary-based lawyer with the national law firm of
Heenan Blaikie LLP. Mr. Black is the managing partner for the Calgary
practice of Heenan Blaikie LLP and is also a member of their national
Executive Committee. Mr. Black has extensive experience in the energy
sector, providing counsel to numerous domestic and international energy
companies. Mr. Black obtained his law degree from the University of
British Columbia in 1984.

Over the past twenty years, Mr. Nearing has held various senior
management positions in the oil and gas industry. Most recently, Mr.
Nearing was the Chief Financial Officer for Calpine Canada, and the
Calpine Power Income Fund. Mr. Nearing holds a Bachelor of Commerce
degree from the University of Calgary, and obtained his Chartered
Accountant designation in 1988.

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 securities of 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".

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Builders Energy Services Trust
    John W. Nearing
    Vice President, Finance and Administration
    (403) 693 - 2378
    Email: info@buildersenergyservices.com
    or
    Builders Energy Services Trust
    Suite 540, 800 - 6th Ave S.W.
    Calgary, Alberta T2P 3G3
    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this news release.