Total Energy Services Trust

Total Energy Services Trust

January 21, 2008 11:58 ET

Total Energy Services Trust Announces Preliminary 2008 Capital Expenditure Budget

CALGARY, ALBERTA--(Marketwire - Jan. 21, 2008) - Total Energy Services Trust ("Total") (TSX:TOT.UN) announces its preliminary 2008 capital expenditure budget of $6.8 million. Included in this budget is $5.1 million for expansion of the natural gas compression rental fleet and $1.7 million for equipment maintenance and upgrades.

Total intends to finance its preliminary 2008 capital expenditure budget from operating cash flow and existing credit facilities. Total's preliminary 2008 capital expenditure budget provides Total with considerable flexibility to pursue additional investment opportunities as they may arise.

Total 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
    Daniel Halyk
    President and Chief Executive Officer
    (403) 216-3921
    Total Energy Services Trust
    Mark Kearl
    Vice-President Finance and Chief Financial Officer
    (403) 216-3920
    (403) 234-8731 (FAX)