TSX SYMBOL: TDG
CALGARY, March 25 /CNW/ - Trinidad Drilling Ltd. ("Trinidad" or the
"Corporation") (TSX-TDG) wishes to update investors with respect to the
significant volume of trading in the Corporation's common shares on Thursday,
March 20, 2008 and Monday, March 24, 2008.
As previously announced, on March 10, 2008, the Corporation completed a
reorganization with Trinidad Energy Services Income Trust whereby the entity
converted from an income trust structure to the current corporate structure.
As a result of the change in structure, on March 11, 2008, Standard &
Poor's Canadian Index Operations announced that Trinidad would be removed from
the S&P/TSX Income Trust and Capped Energy Trust Indices and would be added to
the S&P/TSX Equity and Capped Equity, the S&P/TSX Equity Completion and the
S&P/TSX Equity SmallCap Indices, effective after the close of market on
Friday, March 14, 2008.
Trinidad confirms that it is not aware of any undisclosed material change
or pending material change in its business or operations.
Trinidad Drilling Ltd. is a growth oriented corporation that trades on
the TSX under the symbol TDG. 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,
Trinidad now has 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: Lyle Whitmarsh, President & CEO or Brent
Conway, CFO, at (403) 265-6525, e-mail: firstname.lastname@example.org