TSX SYMBOL: TDG.UN
CALGARY, April 18 /CNW/ - Trinidad Energy Services Income Trust
("TDG.UN") announces that the cash distribution for the month of April 2005 to
be paid May 15, 2005 for unitholders of record on April 30, 2005 will be
6.5 cents per trust unit ($0.78 per annum).
Trinidad Trust has implemented a Distribution Reinvestment Plan for the
benefit of its unitholders. Participation information can be found on our
website at www.trinidaddrilling.com, or Registered Unitholders may contact the
undersigned or Valiant Trust Company (the Plan Agent) at: Phone: 403-233-2801;
Fax: 403-233-2847; E-mail: valiantstocktransfer(at)telusplanet.net.
Non-Registered Unitholders should contact their individual investment dealers.
Trinidad is a growth oriented income trust that trades on the TSX under
the symbol TDG.UN. Trinidad's divisions operate in the drilling and well
servicing sectors of the oil and gas industry in North America. The Trust has
a total of 58 drilling rigs with depth ratings ranging from 1,000 to 5,500
metres and 87% of its fleet less than 5 years old. Currently 6 rigs are under
construction for drilling operations in the United States. In addition to its
drilling rigs, Trinidad will have 12 service rigs that are either new or have
been completely retrofitted. Trinidad is focused on providing modern,
reliable, expertly designed equipment operated by well trained and experienced
personnel. Trinidad's drilling fleet is one of the most adaptable and
competitive in the industry.
The Toronto Stock Exchange has neither approved nor disapproved
the information contained herein.
