Total Energy Services Trust
TSX : TOT.UN

Total Energy Services Trust

March 23, 2006 18:35 ET

Total Energy Services Trust Plans to Repurchase Trust Units

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - Total Energy Services Trust (TSX:TOT.UN) (the "Trust") announced today that it has filed a Notice with the Toronto Stock Exchange (the "TSX") to undertake a normal course issuer bid that will expire on March 27, 2007. The Trust has been informed that the TSX has accepted its notice to make the normal course issuer bid. All purchases of trust units ("Trust Units") will be effected through the facilities of the TSX and all Trust Units purchased will be cancelled by the Trust.

As of today's date, there are 29,136,837 Trust Units issued and outstanding. In connection with the normal course issuer bid, the Trust may purchase up to 1,456,842 Trust Units, being approximately 5% of the total number of outstanding Trust Units, during the period from March 28, 2006 to March 27, 2007.

From time to time, purchases of Trust Units may be undertaken at prices that represent good value for the Trust. Purchases may serve to enhance returns to unitholders and benefit all unitholders who continue to hold the Trust Units, in that their equity interest in the Trust's assets is increased.

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.

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