CALGARY, Feb. 17 /CNW/ - Precision Drilling Trust ("Precision") announces
today that the cash distribution for the month of February 2006 will be
Cdn$ 0.27 per trust unit of Precision. The distribution will be payable on
March 15, 2006 to unitholders of record on February 28, 2006. The ex-
distribution date is February 24, 2006. A payment of Cdn$ 0.27 per unit will
also be made to holders of Class B limited partnership units of Precision
Drilling Limited Partnership using the same record date and payment date.
Precision Drilling Trust is Canada's largest energy services trust.
Headquartered in Calgary, Alberta, it is the leading provider of energy
services to the Canadian oil and gas industry. Precision provides customers
with access to an extensive fleet of contract drilling rigs, service rigs,
camps, snubbing units and rental equipment backed by a comprehensive mix of
technical support services and skilled, experienced personnel.
Precision 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: 00022925E
