TSX SYMBOL: TDG.UN
CALGARY, Oct. 16 /CNW/ - Trinidad Energy Services Income Trust ("TDG.UN")
announces that its monthly cash distribution to unitholders will be 11.5 cents
per trust unit per month ($1.38 per annum) with the distribution to be paid
November 15, 2007 to unitholders of record on October 31, 2007.
The 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: email@example.com. Non-registered
unitholders should contact their individual investment dealers.
Trinidad Energy Services Income Trust is a growth oriented income trust
that trades on the TSX under the symbol TDG.UN. Trinidad's divisions operate
in the drilling, well servicing and barge drilling sectors of the North
American oil and gas industry. With the completion of the current rig
construction programs, the Trust will have 110 drilling rigs ranging in depths
from 1,000 - 6,500 metres. In addition to its drilling rigs, Trinidad has 20
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 and
competitive in the industry.
The Toronto Stock Exchange has neither approved nor disapproved
the information contained herein.
For further information:
For further information: Michael E. Heier, CEO, or Brent Conway, CFO, at
(403) 265-6525, e-mail: firstname.lastname@example.org