Deepwell announces distribution


    CALGARY, Aug. 17 /CNW/ - Deepwell Energy Services Trust ("Deepwell" or
the "Trust") (TSX:DWL.UN) announces today that the cash distribution for the
period of August 1, 2007 to August 31, 2007 has been set at $0.06 per Trust
unit. The cash distribution is payable on September 14, 2007 to unitholders of
record on August 31, 2007.
    Eligible unitholders may also elect to participate in the Trust's
Distribution Reinvestment Plan (DRIP). The DRIP allows eligible unitholders of
Deepwell to direct that their cash distributions be reinvested in additional
trust units at 95% of the Average Market Price (as defined in the DRIP) on the
applicable distribution payment date.
    Eligible registered unitholders who wish to enroll in the DRIP, must fax
or otherwise deliver a properly completed and signed authorization form to
CIBC Mellon Trust Company, at the fax number or address specified in the form,
not later than 3:00 pm (Calgary time) on the fifth day immediately preceding a
distribution record date in order for the cash distribution to which such
record date relates to be reinvested under the DRIP. Beneficial unitholders
(i.e., owners of trust units that are held through a nominee such as a broker
or custodian) who wish to participate in the DRIP should contact the broker,
investment dealer, financial institution or other nominee who holds their
trust units to enquire about the applicable enrolment deadline and to request
enrolment in the DRIP. Please note that registered and beneficial owners of
Deepwell trust units who are not resident in Canada are not eligible to
participate in the DRIP.


    Additional information about the Trust and the DRIP is available at and on the Trust's website at

    Certain statements in this press release constitute "forward looking"
statements that involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements of the
Trust or its subsidiaries, or industry results, to be materially different
from any future results, performance or achievements expressed or implied by
such forward looking statements. Forward looking statements involve
significant risks and uncertainties, should not be read as guarantees of
future performance or results, and will not necessarily be accurate
indications of whether or not such results will be achieved. A number of
factors could cause actual results to differ materially from the results
discussed in the forward looking statements.

For further information:

For further information: Deepwell Energy Services Trust, Email:, Robert Dodds, President and CEO, (403) 508-6001;
Scott Gerecke, Vice-President Finance and CFO, (403) 508-6005

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