Business
Precision Drilling Trust announces increase in cash distributions
Precision Drilling Trust announces increase in cash distributions.
About this update from Precision Drilling Corporation
[{"type":"text","content":"\n\n\n\n\nCALGARY, April 26 /CNW/ - Precision Drilling Trust (\"Precision\")\nannounced today that its Board of Trustees has approved a 15% increase in\nmonthly cash distributions to $0.31 per unit effective for the May and June\n2006 distributions, to be paid in June and July 2006 respectively. The\nincreased payment will also be made to holders of Class B limited partnership\nunits of Precision Drilling Limited Partnership.\n\nPrecision Drilling Trust is Canada's largest energy services trust.\nHeadquartered in Calgary, Alberta, Precision is the leading provider of energy\nservices to the Canadian oil and gas industry. Precision provides customers\nwith access to an extensive fleet of contract drilling rigs, service rigs,\ncamps, snubbing units and rental equipment backed by a comprehensive mix of\ntechnical support services and skilled, experienced personnel.\n\nPrecision is listed on the Toronto Stock Exchange under the trading\nsymbol \"PD.UN\" and in U.S. dollars \"PD.U\" and on the New York Stock Exchange\nunder the trading symbol \"PDS\".\n\n%SEDAR: 00022925E\n\n\n","length":1131,"tagName":"div"}]