CALGARY, Nov. 18 /PRNewswire-FirstCall/ -- The Trustees of Precision Drilling Trust ("Precision") announced today that a distribution of Cdn$ 0.27 per trust unit of Precision has been declared for the month of November, 2005. The distribution will be paid on December 15, 2005 to unitholders of record as at November 30, 2005. 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. The distribution of Cdn$ 0.27 is an increase from the estimated Cdn$ 0.24 distribution in the information circular distributed to shareholders of Precision Drilling Corporation for the special meeting approving the reorganization into an income trust. Management comments that, continuing with the momentum established in the third quarter, Precision is now at the mid-point of the fourth quarter with demand for services ramping up to unprecedented "early-winter" industry levels. Precision Drilling Trust is Canada's largest energy services trust. Headquartered in Calgary, Alberta, Precision is the leading provider of contract drilling services to the Canadian oil and gas industry. Precision provides customers with access to an extensive fleet of drilling and service rigs backed by a comprehensive mix of support services utilizing skilled and 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". DATASOURCE: Precision Drilling Trust CONTACT: Doug Strong, Chief Financial Officer of Precision Drilling Corporation, Administrator of Precision, 4200, 150 - 6th Avenue S.W., Calgary, Alberta T2P 3Y7, Telephone (403) 716-4500, Fax (403) 264-0251; website: http://www.precisiondrilling.com/; Archived images on this organization are searchable through CNW Photo Archive website at http://photos.newswire.ca/. Images are free to accredited members of the media. To request a free copy of this organization's annual report, please go to http://www.newswire.ca/ and click on Tools for Investors.

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