Trinidad Drilling Ltd. declares second quarter dividend



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

    TSX SYMBOL: TDG, TDG.DB

    CALGARY, June 3 /CNW/ - The Board of Directors of Trinidad Drilling Ltd.
(Trinidad) declared a cash dividend for the second quarter of 2009 of $0.05
per common share to be paid July 15, 2009 to shareholders of record on June
30, 2009. 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 (TSX) under the symbol TDG and TDG.DB. Trinidad's divisions
operate in the drilling, well-servicing, coring and barge-drilling sectors of
the North American oil and natural gas industry. With the completion of the
2009 rig construction program, Trinidad will have 119 land drilling rigs
ranging in depths from 1,000 - 6,500 metres and operations in Canada, the
United States and Mexico. In addition to its land drilling rigs, Trinidad has
23 service rigs, 20 pre-set and coring rigs and 4 barge rigs currently
operating in the Gulf of 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.





For further information:

For further information: Lyle Whitmarsh, President and Chief Executive
Officer, (403) 265-6525; Brent Conway, Executive Vice President and Chief
Financial Officer, (403) 265-6525; Lisa Ciulka, Director of Investor
Relations, (403) 294-4401, email: lciulka@trinidaddrilling.com

Organization Profile

Trinidad Drilling Ltd.

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