News Releases

    TSX SYMBOL: TDG.UN

    CALGARY, Aug. 15 /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
September 14, 2007 to unitholders of record on August 31, 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: inquiries@valianttrust.com.
    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 North American oil and gas
industry. With the completion of the current rig construction programs, the
Trust will have 110 drilling rigs ranging in depths from 1,000 - 6,500 metres.
In addition to its drilling rigs, Trinidad has 20 service rigs that have been
completely retrofitted or are new within the past five years and 20 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.