CALGARY, Dec. 5 /CNW/ - Precision Drilling Trust ("the Trust") is pleased
to announce the appointment of Mr. Brian A. Felesky, Q.C. to the Board of
Directors of Precision Drilling Corporation ("the Corporation"), Administrator
to the Trust, effective immediately.
Mr. Felesky is a partner in Felesky Flynn LLP, a tax law specialist firm
with 36 lawyers, and he resides in Calgary, Alberta. He is professionally
involved in acquisitions, mergers, financing and restructuring of public and
private corporations, partnerships and trusts, in Canada and internationally.
Mr. Felesky is also a director of Suncor Energy Inc., Epcor Power L.P. and
Fairquest Energy Limited.
Commenting on the new Board appointment, Hank Swartout, Chairman and CEO
of the Corporation, stated: "I am delighted to welcome Brian to the Board. His
appointment brings a wealth of Board experience and professional skills to the
company, and further strengthens the skills available to the Trust. Brian's
experience will be of significant value to the Corporation and ultimately to
the Unitholders."
Precision Drilling Trust is Canada's largest energy services trust.
Headquartered in Calgary, Alberta, the Corporation is the leading provider of
contract drilling services to the Canadian oil and gas industry and provides
its customers with access to an extensive fleet of drilling and service rigs
backed by a comprehensive mix of support services utilizing skilled and
experienced personnel.
Precision Drilling Trust is listed on the Toronto Stock Exchange under
the trading symbol "PD.UN" and in U.S. dollars "PD.U" and on the New York
Stock Exchange under the trading symbol "PDS".
%SEDAR: 00002052E
