Stoneham Drilling Trust

Stoneham Drilling Trust

November 17, 2005 23:59 ET

Stoneham Drilling Trust announces cash distribution for November 2005

CALGARY, ALBERTA--(CCNMatthews - Nov. 17, 2005) - Stoneham Drilling
Trust (TSX:SDG.UN) (the "Trust") announced that its cash distribution for the
period from November 1, 2005 to November 30, 2005 will be $0.125 per trust
unit ($1.50 per annum). The distribution will be paid on December 15, 2005 to
unitholders of record on November 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 nine telescopic drilling rigs and three 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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