Stoneham Drilling Trust

Stoneham Drilling Trust

July 15, 2005 13:09 ET

Stoneham Drilling Trust Announces Cash Distribution for July 2005

CALGARY, ALBERTA--(CCNMatthews - July 15, 2005) - Stoneham Drilling Trust (TSX:SDG.UN) ("Stoneham") announced that its cash distribution for the period from July 1, 2005 to July 31, 2005 will be $0.125 per trust unit ($1.50 per annum). The distribution will be paid on August 15, 2005 to unitholders of record on August 2, 2005.

Stoneham is an income trust that trades on the TSX under the symbol SDG.UN. Stoneham provides contract drilling services to oil and natural gas exploration and production companies operating in Western Canada, using its fleet of six modern 3,000 metre telescopic double drilling rigs and two newly constructed 4,000 metre telescopic triple drilling rigs.

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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