News Releases

    TSX SYMBOL:  TDG.UN

    CALGARY, Feb. 21 /CNW/ - Trinidad Energy Services Income Trust ("TDG.UN")
announces that its monthly cash distribution to unitholders will be 11.5 cents
per trust unit per month ($1.38 per annum) with the distribution to be paid
March 15, 2007 to unitholders of record on February 28, 2007.
    The Trust has implemented a Distribution Reinvestment Plan for the
benefit of its unitholders. Participation information can be found on our
website at www.trinidaddrilling.com, or registered unitholders may contact the
undersigned or Valiant Trust Company (the Plan Agent) at: Phone: 403-233-2801;
Fax: 403-233-2847; E-mail: valiantstocktransfer@telusplanet.net.
Non-registered unitholders should contact their individual investment dealers.

    Trinidad Energy Services Income Trust is a growth oriented income trust
that trades on the TSX under the symbol TDG.UN. Trinidad's divisions operate
in the drilling and well servicing sectors of the Canadian oil and gas
industry. With the completion of the acquisition of the Cheyenne rigs and with
new rig construction, the Trust will have 106 drilling rigs ranging in depths
from 1,000 - 6,500 metres. In addition to its drilling rigs, Trinidad has 18
service rigs that have been completely retrofitted or are new within the past
five years and 2 more service rig currently under construction. Trinidad also
operates 17 pre-set and coring rigs. 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 and
competitive in the industry.

    The Toronto Stock Exchange has neither approved nor disapproved the
    information contained herein.