Trinidad Drilling Ltd. declares third quarter dividend

TSX SYMBOL:  TDG

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

CALGARY, Sept. 19, 2011 /CNW/ - The Board of Directors of Trinidad Drilling Ltd. (Trinidad) has declared a cash dividend for the third quarter of 2011 of $0.05 per common share to be paid October 14, 2011 to shareholders of record on September 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        Brent Conway
President and Chief Executive Officer      Executive Vice President and
(403) 265-6525                                                                                  Chief Financial Officer
  (403) 265-6525
   
Lisa Ciulka
Director of Investor Relations
(403) 294-4401
email:  lciulka@trinidaddrilling.com

 

Profil de l'entreprise

Trinidad Drilling Ltd.

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