Total Energy Services Trust
TSX : TOT.UN

Total Energy Services Trust

June 23, 2005 13:29 ET

Total Energy Services Trust Announces Cash Distribution Increase

CALGARY, ALBERTA--(CCNMatthews - June 23, 2005) - Total Energy Services Trust (TSX:TOT.UN) ("Total") announces that the cash distribution for the month of July 2005 to be paid on or about August 15, 2005 will be increased by 1.0 cent to 7.0 cents per trust unit ($0.84 per unit on an annualized basis). This increase in the monthly cash distribution is based on stronger than expected activity during the second quarter (particularly in the contract drilling services segment) and the anticipated impact of the previously announced RIGBOSS acquisition expected to close on July 15, 2005.

Total Energy Services Trust is a growth oriented oil and gas service income trust involved in contract drilling services, drilling and production rentals and natural gas compression equipment fabrication, sales, rental and service. The trust units of Total are listed and trade on the TSX under the symbol "TOT.UN".

The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Total Energy Services Trust
    Mr. Daniel K. Halyk
    Chief Executive Officer
    (403) 216-3921
    or
    Total Energy Services Trust
    Mr. David A. Hawkins
    Vice-President Finance and Chief Financial Officer
    (403) 216-3920
    Email: investorrelations@totalenergy.ca
    Website: www.totalenergy.ca
    or
    Total Energy Services Trust
    2410, 520 - 5th Avenue S.W.
    Calgary, Alberta T2P 3R7