Precision Drilling Trust

Precision Drilling Trust

April 19, 2007 12:03 ET

Precision Drilling Trust Announces April 2007 Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - April 19, 2007) -

(Canadian dollars)

Precision Drilling Trust ("Precision") announced today that the Board of Trustees has approved a cash distribution for the month of April 2007 of $0.19 per trust unit of Precision. The distribution will be payable on May 15, 2007 to unitholders of record on April 30, 2007. The ex-distribution date is April 26, 2007. A cash payment of $0.19 per unit will also be made to holders of Class B limited partnership units of Precision Drilling Limited Partnership using the same record date and payment date.

As previously announced, the Distribution Reinvestment Plan has been suspended until further notice.

Precision is Canada's largest energy services trust and the leading provider of energy services to the Canadian oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, service rigs, camps, snubbing units, wastewater treatment units and rental equipment backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision Drilling Trust is listed on the Toronto Stock Exchange under the trading symbol "PD.UN" and on the New York Stock Exchange under the trading symbol "PDS".

Contact Information

  • Doug Strong, Chief Financial Officer of
    Precision Drilling Corporation, Administrator of the Trust
    (403) 716-4500
    (403) 264-0251 (FAX)
    Precision Drilling Trust
    4200, 150 - 6th Avenue S.W.
    Calgary, Alberta, Canada T2P 3Y7