Stoneham Drilling Trust

Stoneham Drilling Trust

December 16, 2005 23:59 ET

Stoneham Drilling Trust announces cash distribution for December 2005

CALGARY, ALBERTA--(CCNMatthews - Dec. 16, 2005) - Stoneham
Drilling Trust (TSX:SDG.UN) (the "Trust") announced that its cash
distribution for the period from December 1, 2005 to December 31, 2005 will
be $0.125 per trust unit ($1.50 per annum). The distribution will be paid on
January 16, 2006 to unitholders of record on December 30, 2005.

Stoneham provides contract drilling services to oil and natural gas exploration
and production companies operating in western Canada. With its modern
innovative fleet of ten telescopic drilling rigs and seven additional rigs
currently under construction, Stoneham is an industry leader in operational
performance and rig utilization. The Trust 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.

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