Precision Drilling Trusts Cash distribution has been approvedadmin
Precision Drilling Trust’s released a report that its cash distribution has been approved by the board of trustees of $0.13 per trust unit of Precision. The distribution will be payable on August 15, 2008 to unitholders of record on July 31, 2008. The ex-distribution date is July 29, 2008. Holders of Class B limited partnership units of Precision Drilling Limited Partnership will receive the economic equivalent treatment.
Precision Drilling Trust is listed on the Toronto Stock Exchange under the trading symbol “PD.UN” and on the New York Stock Exchange under the trading symbol “PDS”. whereas Precision is a leading provider of safe, high performance energy services to the North American oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, service rigs, camps, snubbing units, wastewater treatment units and rental equipment backed by a comprehensive mix of technical support services and skilled, experienced personnel.
Contacts: Doug Strong, Chief Financial Officer of Precision Drilling Corporation, Administrator of the Trust (403) 716-4500
(403) 264-0251 (FAX)
Precision Drilling Trust 4200, 150 – 6th Avenue S.W., Calgary, Alberta T2P 3Y7
Source: Precision Drilling Trust