CALGARY, April 26 /CNW/ - Precision Drilling Trust ("Precision")
announced today that its Board of Trustees has approved a 15% increase in
monthly cash distributions to $0.31 per unit effective for the May and June
2006 distributions, to be paid in June and July 2006 respectively. The
increased payment will also be made to holders of Class B limited partnership
units of Precision Drilling Limited Partnership.
Precision Drilling Trust is Canada's largest energy services trust.
Headquartered in Calgary, Alberta, Precision 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".
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