Total Energy Services Trust

Total Energy Services Trust

March 26, 2007 18:24 ET

Total Energy Services Trust Plans to Repurchase Trust Units

CALGARY, ALBERTA--(CCNMatthews - March 26, 2007) - Total Energy Services Trust (the "Trust") (TSX:TOT.UN) 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, 2008. 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 March 23, 2007, there were 29,242,158 Trust Units issued and outstanding. In connection with the normal course issuer bid, the Trust may purchase up to 1,462,107 Trust Units, being approximately 5% of the total number of outstanding Trust Units, during the period from March 28, 2007 to March 27, 2008.

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.

On March 23, 2006, the Trust announced its intention to undertake a normal course issuer bid, which would remain in effect during the 12-month period ending March 27, 2007 (the "Prior Bid"). To date, the Trust has purchased a total of 70,000 Trust Units pursuant to the Prior Bid, at an average price of $12.58 per Trust Unit.

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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