/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES./
TSX SYMBOL: TDG
CALGARY, June 16, 2011 /CNW/ - The Board of Directors of Trinidad
Drilling Ltd. (Trinidad) has declared a cash dividend for the second
quarter of 2011 of $0.05 per common share to be paid July 15, 2011 to
shareholders of record on June 30, 2011. The dividend is designated as
an "eligible dividend" for Canadian Income Tax purposes.
Trinidad is a growth-oriented corporation that trades on the Toronto
Stock Exchange under the symbol TDG. Trinidad's divisions operate in
the drilling, coring and barge-drilling sectors of the North American
oil and natural gas industry with operations in Canada, the United
States and Mexico. 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,
technologically advanced and competitive in the industry.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy the shares in any jurisdiction. The
shares offered will not be and have not been registered under the
United States Securities Act of 1933 and may not be offered or sold in
the United States or to a United States person, absent registration, or
an applicable exemption therefrom.
SOURCE Trinidad Drilling Ltd.
For further information:
| Lyle Whitmarsh |
President and Chief Executive Officer
| Brent Conway |
Executive Vice President and
Chief Financial Officer
| Lisa Ciulka |
Director of Investor Relations