Precision Drilling Trust

Precision Drilling Trust

March 30, 2007 18:05 ET

Precision Drilling Trust Announces Filing of Annual Disclosure Documents

CALGARY, ALBERTA--(CCNMatthews - March 30, 2007) - Precision Drilling Trust ("Precision") announces today that it has filed its annual disclosure documents with Canadian securities commissions and the United States Securities and Exchange Commission.

Precision's 2006 Annual Report contains the audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2006. Precision's financial results for the year ended December 31, 2006 were previously released on February 15, 2007.

Precision's Annual Information Form has been filed on the Canadian System for Electronic Document Analysis and Retrieval ("SEDAR") and is included as part of the Annual Report filed on Form 40-F on the U.S. Electronic Data Gathering, Analysis and Retrieval ("EDGAR") system.

The documents described above are also available on Precision's website at or by emailing Precision at

In mid-April, Precision will file with securities commissions its 2007 Management Proxy Circular, providing governance and voting information for holders of units of Precision and holders of Class B Limited Partnership Units of Precision Drilling Limited Partnership, in advance of its May 9, 2007 annual and special meeting.

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

  • Darren Ruhr, Vice President, Corporate Services
    and Corporate Secretary of Precision Drilling Corporation,
    Administrator of Precision Drilling Trust
    (403) 716-4500
    (403) 264-0251 (FAX)
    Precision Drilling Trust
    4200, 150 - 6th Avenue S.W.
    Calgary, Alberta, Canada T2P 3Y7