Builders Energy Services Trust

Builders Energy Services Trust

October 13, 2005 14:47 ET

Builders Energy Services Trust Announces October Distribution

CALGARY, ALBERTA--(CCNMatthews - Oct. 13, 2005) - Builders Energy Services Trust (TSX:BET.UN) announced today that the cash distribution for the period October 1, 2005 to October 31, 2005 has been set at $0.13 per Trust Unit.

The cash distribution will be paid on November 15, 2005 to unitholders of record on October 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. 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.

Contact Information

  • Builders Energy Services Trust
    Garnet K. Amundson
    President and Chief Executive Officer
    (403) 693-3426
    Builders Energy Services Trust
    John W. Nearing
    Vice President, Finance and Chief Financial Officer
    (403) 693-3426