Edward J. Kernaghan announces acquisition of 5,000 Trust Units of Peak Energy Services Trust

    TORONTO, Oct. 15 /CNW/ - In accordance with regulatory requirements,
Edward J. Kernaghan announced that on October 15, 2008 he acquired ownership
of 5,000 trust units of Peak Energy Services Trust ("PEAK") representing
0.0103% of the trust units of Peak to bring his total holdings of trust units
of Peak to 3,757,500 or 7.76% of the total outstanding. Together with his
joint actors, namely, Kernwood Limited, Kernaghan Securities Ltd., Alice G.
Kernaghan, Edward H. Kernaghan, Principia Research and Elizabeth A. Kernaghan,
Mr. Kernaghan holds, an aggregate of 7,095,110 trust units of Peak
representing approximately 14.66% of the trust units of Peak. All purchases of
trust units of Peak were made through the facilities of the Toronto Stock
    The trust units of Peak were acquired by Mr. Kernaghan and his joint
actors for investment purposes only. Mr. Kernaghan and/or his joint actors may
acquire additional securities of Peak for investment purposes from time to

For further information:

For further information: Edward J. Kernaghan, Kernwood Limited, P.O. Box
97 Suite 2925, 200 Bay Street, Toronto, Ontario, M5J 2J2, (416) 203-8844

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