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Trinidad Drilling Ltd. ("Trinidad") uses reasonable commercial efforts to ensure that the information contained on this web site is accurate but does not in any way guarantee the currency, accuracy, completeness, non-infringement or authenticity of such information. All information contained on this web site, including all stock price information, is provided for convenience and information purposes only and is not intended for trading, business, financial or other purposes. Your use of this site is in itself acceptance of the foregoing disclaimer.

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Trinidad Drilling Ltd. declares fourth quarter dividend

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TSX SYMBOL:  TDG

CALGARY, Dec. 19, 2011 /CNW/ - The Board of Directors of Trinidad Drilling Ltd. (Trinidad) has declared a cash dividend for the fourth quarter of 2011 of $0.05 per common share to be paid January 16, 2012 to shareholders of record on December 30, 2011.  The dividend is designated as an "eligible dividend" for Canadian Income Tax purposes.

Trinidad is a growth-oriented corporation that trades on the Toronto Stock Exchange under the symbol TDG. Trinidad's divisions operate in the drilling, coring and barge-drilling sectors of the North American oil and natural gas industry with operations in Canada, the United States and Mexico. 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, technologically advanced and competitive in the industry.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the shares in any jurisdiction.  The shares offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or to a United States person, absent registration, or an applicable exemption therefrom.

   

For further information:

Lyle Whitmarsh
President and Chief Executive Officer
(403) 265-6525
          Brent Conway
Executive Vice President and
Chief Financial Officer
(403) 265-6525
             
Lisa Ciulka
Vice President, Investor Relations
(403) 294-4401
email:  lciulka@trinidaddrilling.com