NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
TSX SYMBOL: TDG, TDG.DB
CALGARY
,
Sept. 16
/CNW/ - The Board of Directors of
Trinidad Drilling
Ltd. (Trinidad) has declared a cash dividend for the third quarter of 2009 of
$0.05
per common share to be paid
October 15, 2009
to shareholders of record on
September 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: 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: [email protected]
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