-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Rbrjid6njjVsuaBvrWVE48RfpuEGWG52DUlEE0eZGbusgaCIQWed83Ew31/nCRne
 DOYWLD15QODvPBc1Lr4uyw==

<SEC-DOCUMENT>0001199073-08-000984.txt : 20081211
<SEC-HEADER>0001199073-08-000984.hdr.sgml : 20081211
<ACCEPTANCE-DATETIME>20081211112306
ACCESSION NUMBER:		0001199073-08-000984
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20081211
FILED AS OF DATE:		20081211
DATE AS OF CHANGE:		20081211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRECISION DRILLING TRUST
		CENTRAL INDEX KEY:			0001013605
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14534
		FILM NUMBER:		081242669

	BUSINESS ADDRESS:	
		STREET 1:		150 - 6TH AVENUE S.W.
		STREET 2:		SUITE 4200
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 3Y7
		BUSINESS PHONE:		403-264-0251

	MAIL ADDRESS:	
		STREET 1:		150 - 6TH AVENUE S.W.
		STREET 2:		SUITE 4200
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 3Y7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRECISION DRILLING CORP
		DATE OF NAME CHANGE:	19960506
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d6k.htm
<DESCRIPTION>PRECISION DRILLING TRUST FORM 6-K
<TEXT>
<html>
  <head>
    <title>d6k.htm</title>
<!-- Licensed to: CCNMatthews-->
<!-- Document Created using EDGARizer 4.0.6.1 -->
<!-- Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved -->
</head>
    <body bgcolor="#ffffff" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
    <div>
      <div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.1; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.1; MARGIN-RIGHT: 0pt" align="left">
            <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
            <hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
          </div>
        </div>
      </div>
      <div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.1; MARGIN-RIGHT: 0pt" align="left">
            <div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">UNITED
STATES</font></font></div>
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE
COMMISSION</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Washington, D.C.
20549</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">FORM 6-K</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">REPORT OF FOREIGN PRIVATE
ISSUER</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Pursuant to Section 13a-16 or 15d-16
of the</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Securities Exchange Act of
1934</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">December
11,&#160;2008</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Commission
File Number: 001-14534</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Precision Drilling
Trust</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
name of registrant as specified in its charter)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">4200, 150 - 6th Avenue
S.W.</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Calgary, Alberta</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Canada T2P 3Y7 </font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
of principal executive offices)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div align="center">
                <table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="30%">
                    <tr bgcolor="#ffffff">
                      <td width="25%">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;Form
      20-F</font></div>
                      </td>
                      <td width="25%">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
                      </td>
                      <td width="25%">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;Form
      40-F</font></div>
                      </td>
                      <td width="25%">
                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-FAMILY: wingdings">x</font></font></div>
                      </td>
                    </tr>
                </table>
              </div>
              <div align="center">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1). </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K
if submitted solely to provide an attached annual report to security holders.
</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):&#160; _____</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K
if submitted to furnish a report or other document that the registrant foreign
private issuer must furnish and make public under the laws of the jurisdiction
in which the registrant is incorporated, domiciled or legally organized (the
registrant's "home country"), or under the rules of the home country exchange on
which the registrant's securities are traded, as long as the report or other
document is not a press release, is not required to be and has not been
distributed to the registrant's security holders, and, if discussing a material
event, has already been the subject of a Form 6-K submission or other Commission
filing on EDGAR. </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
                    <table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="30%">
                        <tr bgcolor="#ffffff">
                          <td width="25%">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;Yes</font></div>
                          </td>
                          <td width="25%">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o </font></font></div>
                          </td>
                          <td width="25%">
                            <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;No</font></div>
                          </td>
                          <td width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-FAMILY: wingdings">x</font></font></td>
                        </tr>
                    </table>
                  </div>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </div>
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If "Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font style="DISPLAY: inline; FONT-WEIGHT: normal">N/A</font></font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div>
                <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
              </div>
              <div>
                <hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
              </div>
              <div id="PN" style="PAGE-BREAK-AFTER: always">
                <div style="WIDTH: 100%; TEXT-ALIGN: center">
                </div>
                <div style="WIDTH: 100%; TEXT-ALIGN: center">
                  <hr style="COLOR: gray" noshade size="2">
                </div>
              </div>
              <div>&#160;</div>
              <div>
                <div>
                  <div>
                    <div align="center">
                      <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
                          <tr>
                            <td width="4%"><font style="FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;<font style="FONT-SIZE: 10pt; TEXT-DECORATION: underline">Exhibit</font></font></td>
                            <td width="4%"><font style="FONT-SIZE: 10pt">&#160;</font></td>
                            <td width="92%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Title</font></td>
                          </tr>
                          <tr>
                            <td width="4%"><font style="FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;<font style="FONT-SIZE: 10pt">99.<font size="2" style="FONT-SIZE: 10pt">1</font></font></font></td>
                            <td width="4%"><font style="FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;</font></td>
                            <td width="92%">
                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                                  <div align="left">
                                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center">
                                                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                          <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                                                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                              <div>
                                                                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center">
                                                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center">
                                                                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center">
                                                                                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                                                                                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a href="ex99_1.htm">Precision Drilling Trust Provides Update on Acquisition
      Credit
      Facilities</a></font></div>
                                                                                          </div>
                                                                                        </div>
                                                                                      </div>
                                                                                    </div>
                                                                                  </div>
                                                                                </div>
                                                                              </div>
                                                                            </div>
                                                                          </div>
                                                                        </div>
                                                                      </div>
                                                                    </div>
                                                                  </div>
                                                                </div>
                                                              </div>
                                                            </div>
                                                          </div>
                                                        </div>
                                                      </div>
                                                    </div>
                                                  </div>
                                                </div>
                                              </div>
                                            </div>
                                          </div>
                                        </div>
                                      </div>
                                    </div>
                                  </div>
                                </div>
                              </div>
                            </td>
                          </tr>
                      </table>
                    </div>
                  </div>
                </div>
              </div>
              <div>&#160;</div>
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font>

                <div>
                  <hr style="COLOR: dimgray" align="left" noshade size="2" width="100%">
                </div>
              </div>
              <div>&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of Section 12 of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                <table bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">
                    <tr valign="top" bgcolor="#ffffff">
                      <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font></td>
                      <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font></td>
                      <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font></td>
                    </tr>
                    <tr valign="top" bgcolor="#ffffff">
                      <td><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font></td>
                      <td colspan="2">
                        <div>
                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">PRECISION
      DRILLING CORPORATION</font></div>
                          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By
      its Administrator PRECISION DRILLING </font></div>
                            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">CORPORATION</font></div>
                          </div>
                        </div>
                      </td>
                    </tr>
                    <tr valign="top" bgcolor="#ffffff">
                      <td><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;<br>&#160;</font></td>
                      <td><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;<br>&#160;</font></td>
                      <td><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;<br>&#160;</font></td>
                    </tr>
                    <tr valign="top" bgcolor="#ffffff">
                      <td><font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Dated:&#160;December
      11,&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2008</font></font></font></td>
                      <td><font style="DISPLAY: inline; FONT-SIZE: 10pt">By:&#160;&#160;</font></td>
                      <td>
                        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
      </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Darren
      Ruhr</font></div>
                      </td>
                    </tr>
                    <tr valign="top" bgcolor="#ffffff">
                      <td colspan="2"><font size="1">&#160;</font></td>
                      <td align="left">
                        <hr style="COLOR: black" align="left" noshade size="1" width="90%">      <font size="2">Name:<font id="TAB2" size="3" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Darren
      Ruhr</font></font></td>
                    </tr>
                    <tr valign="top" bgcolor="#ffffff">
                      <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font></td>
                      <td><font style="DISPLAY: inline; FONT-SIZE: 10pt">Title:&#160;&#160;
      <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Corporate
      Secretary</font></font></font></font></td>
                    </tr>
                </table>
              </div>
            </div>
          </div>
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>
      <pre>&#160;</pre>
    </div>
  </body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>PRECISION DRILLING TRUST PROVIDES UPDATE ONACQUISITION CREDIT FACILITIES
<TEXT>
<html>
  <head>
    <title>ex99_1.htm</title>
<!-- Licensed to: CCNMatthews-->
<!-- Document Created using EDGARizer 4.0.6.1 -->
<!-- Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved -->
</head>
    <body bgcolor="#ffffff" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
    <div>
      <hr style="COLOR: black" align="left" noshade size="1" width="100%">
    </div>
    <div>
      <div>
        <div style="TEXT-ALIGN: right"><font style="FONT-WEIGHT: bold; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Exhibit
99.1</font></div>
        <div style="TEXT-ALIGN: left"><img src="logo1.jpg" alt="GRAPHIC"></div>
        <div style="TEXT-ALIGN: left">
          <div style="TEXT-ALIGN: left">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">NEWS
RELEASE</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-VARIANT: small-caps">Precision
Drilling Trust Provides Update On</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-VARIANT: small-caps">Acquisition
Credit Facilities</font></div>
            </div>
            <div style="DISPLAY: block; TEXT-INDENT: 0pt"><img src="logo2.jpg" alt="GRAPHIC"></div>
            <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
          </div>
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Calgary,
Alberta, Canada &#8211; December 11, 2008</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(US
dollars)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Precision
Drilling Trust (&#8220;Precision&#8221;, TSX: PD.UN, NYSE: PDS) today announced the expected
principal terms of the credit facilities (the &#8220;Credit Facilities&#8221;) with its
banking syndicate, consisting of Royal Bank of Canada, RBC Capital Markets,
Deutsche Bank AG Cayman Islands Branch, Deutsche Bank Securities Inc., HSBC Bank
Canada, HSBC Bank USA, National Association and The Toronto-Dominion Bank (the
&#8220;Banks&#8221;).</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
conjunction with the proposed acquisition of Grey Wolf, Inc. (&#8220;Grey Wolf&#8221;), and
as previously disclosed, the Credit Facilities will consist of US$800 million of
senior secured term loan facilities and a US$400 million senior unsecured
facility which will be used to finance the cash portion of the merger
consideration.&#160;&#160;The Credit Facilities also include a US$400 million
senior secured revolving facility that will be primarily used to finance working
capital needs and general corporate purposes of Precision.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Based on
consultation with the Banks, it is currently expected that the costs and fees
for the Credit Facilities will be more expensive than originally
anticipated.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The terms
of the financing are expected to include:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 18pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 18pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
      blended cash interest rate of approximately 11% per annum before upfront
      costs, increased from the 8% originally estimated in the pro forma
      financial information included in Precision&#8217;s and Grey Wolf&#8217;s proxy
      statement/prospectus dated October 28,
2008;</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 18pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 18pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Additional
      upfront costs in the form of original issuance discounts and fees of
      approximately US$76 million which will reduce the proceeds of the
      financing by a total of approximately US$133
  million;</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 18pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 18pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Limits on distributions based on
      20% of Precision's operating cash flow before changes in working capital,
      provided that 50% of operating cash flow generated in excess of certain
      base case projections will also be permitted to be paid as distributions,
      subject to an overall cap of 30% of&#160;&#160;aggregate operating cash
      flow before changes in working capital;
</font></font></div>
            </td>
          </tr>
      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: darkgray" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 18pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 18pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Debt
      covenants that will limit Precision&#8217;s capital expenditures above an agreed
      base-case, allowing for certain exceptions;
and</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 18pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 18pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Provisions
      reserved by the Banks to facilitate syndication of the Credit Facilities
      for a period following closing which may result in further increases in
      any or a combination of interest rates, original issue discounts or fees,
      all subject to certain market-based
indexing.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As a
consequence, Precision will be pursuing a debt reduction program following
completion of its merger with Grey Wolf.&#160;&#160;Precision will also be
considering its distribution policy and may determine to reduce or suspend
monthly cash distributions following completion of the
merger.&#160;&#160;Additionally, Precision will be re-evaluating its planned
capital expenditure program including expansion and upgrade capital
expenditures.&#160;&#160;Precision will continue its focus on high performance,
high value customer service in combination with cost minimization and cash
generation.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Precision
has advised Grey Wolf of the expected changes in the terms of Precision's Credit
Facilities. Precision and Grey Wolf intend to file a supplement to their proxy
statement/prospectus with the US Securities and Exchange Commission to reflect
the pro forma effect of the Credit Facilities on the combined company, which
will be mailed to Grey Wolf shareholders.&#160;&#160;Precision remains firmly
committed to close its proposed merger with Grey Wolf.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
special meeting of Grey Wolf shareholders remains scheduled for December 23,
2008.&#160;&#160;Closing of the merger is anticipated to take place immediately
following the special meeting.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">About
Precision</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Precision is a leading provider of safe,
high performance energy services to the North American oil and gas industry.
Precision provides customers with access to an extensive fleet of contract
drilling rigs, service rigs, camps, snubbing units, wastewater treatment units
and rental equipment backed by a comprehensive mix of technical support services
and skilled, experienced personnel. Precision is headquartered in </font><font style="DISPLAY: inline; COLOR: #000000">Calgary</font><font style="DISPLAY: inline; COLOR: #000000">, </font><font style="DISPLAY: inline; COLOR: #000000">Alberta</font><font style="DISPLAY: inline; COLOR: #000000">, </font><font style="DISPLAY: inline; COLOR: #000000">Canada</font><font style="DISPLAY: inline; COLOR: #000000">. Precision is listed on the Toronto
Stock Exchange under the trading symbol &#8220;PD.UN&#8221; and on the New York Stock
Exchange under the trading symbol &#8220;PDS&#8221;. For more information about Precision,
go to </font><font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">http://www.precisiondrilling.com</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">For further information please
contact:</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Precision Drilling
Corporation</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Kevin Neveu</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Chief Executive
Officer</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Doug Strong</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Chief Financial
Officer</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Telephone:&#160;&#160;(403)
716-4500</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Fax: (403) 264-0251</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">4200, </font><font style="DISPLAY: inline; COLOR: #000000">150 - 6th Avenue
S.W.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Calgary</font><font style="DISPLAY: inline; COLOR: #000000">, </font><font style="DISPLAY: inline; COLOR: #000000">Alberta</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">T2P 3Y7</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: darkgray" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Cautionary Statements
Regarding Forward-Looking Information and Statements</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Statements
about Precision's expectations and all other statements in this news release
other than historical facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These forward-looking
statements rely on a number of assumptions concerning future events and are
subject to a number of uncertainties and factors, many of which are outside of
Precision&#8217;s control, which could cause actual results to differ materially from
such statements. Forward-looking information includes, but is not limited to,
statements regarding the terms of the Credit Facilities, including the expected
impact of restrictive covenants and their effect on Precision's distribution
policy and capital expenditure program, and Precision's proposed merger with
Grey Wolf, including whether and when the merger will be consummated. Among the
factors that could cause results to differ materially from those indicated by
such forward-looking statements are substantial increases in any or a
combination of interest rates, original issue discounts or fees relating to the
Credit Facilities, market conditions existing during syndication of the Credit
Facilities, failure to receive approval of the Merger Agreement by the
shareholders of Grey Wolf and satisfaction of various other conditions to the
closing of the merger contemplated by the Merger Agreement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This news
release contains statements that may constitute "forward-looking information" or
"forward looking statements" (collectively, "forward-looking information")
within the meaning of applicable Canadian securities legislation. This
forward-looking information includes, among others, statements regarding plans
and expectations, beliefs, goals and objectives and statements about possible
future events. Specific forward-looking information contained in this news
release includes statements regarding the terms of the Credit Facilities and
their effect on Precision's distribution policy and capital expenditure program,
and Precision's proposed merger with Grey Wolf and the completion of the merger.
Readers are cautioned not to place undue reliance on such forward-looking
information. Forward-looking information is based on current expectations and
assumptions that involve a number of risks, which could cause actual results to
vary and in some instances to differ materially from those anticipated by
Precision and described in the forward-looking information contained in this
news release. Among the various factors that could cause results to vary
materially from those indicated in the forward-looking information include
substantial increases in any or a combination of interest rates, original issue
discounts or fees relating to the Credit Facilities, market conditions existing
during syndication of the Credit Facilities and failure to receive approval of
the merger by Grey Wolf&#8217;s shareholders. No assurance can be given that any of
the events anticipated by the forward-looking information will transpire or
occur or, if any of them do so, what benefits Precision will derive
therefrom.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
  </body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo1.jpg
M_]C_X``02D9)1@`!`@$`2`!(``#_P``1"`!,`58#`2(``A$!`Q$!_]L`A``%
M`P,$`P,%!`0$!04%!@<-"`<'!P<0"PP)#1,0%!,2$!(2%1<>&146'!82$AHC
M&AP?("$B(109)2<D("<>(2$@`04%!0<&!P\("`\@%1(5%2`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("#_Q`&B```!
M!0$!`0$!`0```````````0(#!`4&!P@)"@L0``(!`P,"!`,%!00$```!?0$"
M`P`$$042(3%!!A-180<B<10R@9&A""-"L<$54M'P)#-B<H()"A87&!D:)28G
M*"DJ-#4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@X2%
MAH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35
MUM?8V=KAXN/DY>;GZ.GJ\?+S]/7V]_CY^@$``P$!`0$!`0$!`0````````$"
M`P0%!@<("0H+$0`"`0($!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R
M@0@40I&AL<$)(S-2\!5B<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(
M24I35%565UA96F-D969G:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JB
MHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR
M\_3U]O?X^?K_V@`,`P$``A$#$0`_`/LNBBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HH[4W>,X&,^F:`'44TR*,`D<^]!<#^E`#J*:'&,TU9X
MV4E&5@.N&!H`DHIC3QH0&=1NX7)QGZ4-*(URQ51ZDXH`?13=X`[>U&\=/3M0
M`ZBF^8O0$<>]!<#C@?6@!U%)N`P,=:0.",KR/:@!U%-#@C(Z4N\=L&@!:*:'
M!X'8XI$F25"T;(X'&5;(H`?13?,7ID4>:F!\R\CCF@!U%-W@=>*-XP<8XZ\]
M*`'44Q)TD7=&RLN<9!R*42`MM%`#J***`"DS[4IXKB_$GQ/@\/:Q/IKZ;-*T
M.W++(`#E0?ZTFTE=DRDHJ[.SS[49]J\]_P"%TVO_`$![C_OZM'_"Z;7_`*`]
MQ_W]6L_;0[F/UNCW/0L^U&?:O/?^%TVO_0'N/^_JT?\`"Z;7_H#W'_?U:/;0
M[A];H]ST+/M1GVKSW_A=-K_T![C_`+^K1_PNFU_Z`]Q_W]6CVT.X?6Z/<]"S
M[49]J\]_X73:_P#0'N/^_JT?\+IM?^@/<?\`?U:/;0[A];H]ST+/M1GVKSW_
M`(73:_\`0'N/^_JT?\+IM?\`H#W'_?U:/;0[A];H]ST+/M1GVKSW_A=-K_T!
M[C_OZM'_``NFU_Z`]Q_W]6CVT.X?6Z/<]"S[49]J\]_X73:_]`>X_P"_JT?\
M+IM?^@/<?]_5H]M#N'UNCW/0L^U&?:O/?^%TVO\`T![C_OZM'_"Z;7_H#W'_
M`']6CVT.X?6Z/<]")XKQCXD?V-)\2+N/6XM3GB&G)Y$=EDL),]>/;O731_&>
MT=U1M)G4,0"3*O%7+>XT2+QM<^(CX@T\K+9+:^2)5RI#9W9S[8Z52J0>S*CB
M*4]$SS"_*VTF@+XQ@U6=%TARR0D^:H\UMA;G^[C.?6K5_#<#P+H0O;?4+FRN
M-:=[6W63=.UN1\J`COUQ7H=__P`(_J'C"/7)M>TY[==/>RDMVD4[PS$DDYZ=
MNE<N?"EO;:9;6%CXXTV-+#4/MEBTF&,(QC;C.#CK^?'/#YHE\\>Z(9D@L/"*
MV&BZ=K.B#5M7ALYOMK$.4(Y*YZ#M6CXK^'UEX-\+Z]=Z-?W$-K+8!'LRQ<%M
MX_>9/(/_`->IKBP76]"NM/U[QWI]Y/YD<ME/'&B?9Y%Z'`Z@\54?P[!JT&J7
M.N^-M.N]0N[46D,BD+'$@8-]WC))'\Z.:(<\>Z,OQGIJ+JEO?^(M-U*]T>33
M84MY[1R?L;[!EBH]^>?6M#3=&LO'GB"ST34=2N-2TC3](CEA.[9Y[,1\S#V'
M&/\`9JQJNBH+J2XT'QMIUB+RRCM+U),,K[5V[E!Z$BB7P[IVDKIEWX8\9:?8
MZA:6GV6629E=+A,D\C/!!)(HYH]PYX]T<SXADU.VT"30K*YFEETSQ%]GL79R
M6QL8JI^A%=A\-/$*^)_&^L:E&2!-86S,AZ(X&&&.W(J"W\-:';Z;IL7_``E=
MC-=P:JNI7<[NO[]^X&#Q6CX5T_PYX6\4:SJ]OX@TYK?42&6!9`/+.26[],DT
M<T>X<\>Z,:X\&V7BWQKXQ:[FNXI;,0FVDBF*>63%U_-17,ZGK5IK(\-W_B2/
M4+N$Z5)YHM2=Y*RLH<^W`R:ZO5M&%SX@U:_TOQ]IVG6^J;1<1JJLV`H7KGTS
M^=:-AH_A?3=6TR>#7M/:QL=/>R-N\BDR;B223GW/&*.:(<\>Z.8\.I=PV_A-
MW-PEE/KTCV*RR;F%N0-H)SZYXKM?@VY?P:S,S,3>S\DY_CKG]*\,Z9I4^GQK
MXOTZ2PT_43>6L3,-R*>#'G/3\/7CFC0--O?#<J0V?Q"TI-/^T&9K?R5)92V2
MN2>.*.:(<\>Z-KX2N3\/)&9BQ$]Q@D]/F->;PZMJ&CZ=X*U*T\V5K.WN)Y4#
M$[D69M__`([FNKT'2+SP_&MG:?$+2UT[S6=K?R%RP9LL,Y[C(JQH/AS0=)?1
M!<>)M,N8=.MKBWECW`"82D^_O1S1#GCW1@Q:M)J6A7]G9W<B6^L^*OLS2HYX
MB8`G![<``5TO@BW\,^'_`![=Z5H6IWL;-$T<NGR1,4WJ>7#GZ&J.G>#/#EAX
M3O="_P"$KLM[WOVRTG1UW0,``O&>>!CWS5_PY:Q0>)4\0>(?&6FW]Q!$88$@
M"QH`>I/J:.:/<.>/=%?XM>#=,DU;2M1/VD7&HZI#;7!6<@%",8`[=!S7,^+]
M-\->&?&4UCJ-OJTVFV^GQF(6TK$JQ).6.>G)YKT/Q?<:)XF.EE/$.GP?8+^.
M[.9`=X7/RCGCKUJO<VOAR_\`$^I:I=Z[ITMI?:>+)X/,7(&<YSG^E'-'N'/'
MNCF]!BU.TN/A]'J+R^8\UTRAWRPB*Y0$YYXI^H66K:K;>/K726E>X.H1`(DA
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MM79T4G%25F3."G'EEL>>?\*3M?\`H,3_`/?E?\:/^%)VO_08G_[\K_C7H=%9
M^PAV,?JE'L>>?\*3M?\`H,3_`/?E?\:/^%)VO_08G_[\K_C7H=%'L(=@^J4>
MQYY_PI.U_P"@Q/\`]^5_QH_X4G:_]!B?_ORO^->AT4>PAV#ZI1['GG_"D[7_
M`*#$_P#WY7_&C_A2=K_T&)_^_*_XUZ'11["'8/JE'L>>?\*3M?\`H,3_`/?E
M?\:/^%)VO_08G_[\K_C7H=%'L(=@^J4>QYY_PI.U_P"@Q/\`]^5_QH_X4G:_
M]!B?_ORO^->AT4>PAV#ZI1['GG_"D[7_`*#$_P#WY7_&C_A2=K_T&)_^_*_X
MUZ'11["'8/JE'L>>?\*3M?\`H,3_`/?E?\:/^%)VO_08G_[\K_C7H=%'L(=@
M^J4>QY]'\%;1)$9M6F8*P)4PC!]NM=6/!^A`#.D6)_[=UK6HJHTXQV14,/3A
MK%&3_P`(?H/_`$!['_OPM*/!^@CII%B/^V(K5HJN5&G)'L9/_"'Z#_T!['_O
MR*/^$.T#MH]A_P"`Z_X5K44<J#DCV,G_`(0[0.VC6'/_`$P7_"E_X0_0<8_L
MBQ_"%16K11RH.2/8R3X/T$_\P>Q_[\K2_P#"(:#_`-`>Q_[\+_A6K11RH.2/
M8R1X/T$<#1[''_7!:7_A$-!_Z`]C_P!^%K5HHY4')'L9/_"'Z`.FCV/_`'Y6
MC_A#M`Q@:/8#Z0+_`(5K44<J#DCV,G_A#]`_Z`UA^$"_X4?\(?H/;1['C_IB
MM:U%'*@Y(]C*_P"$/T'_`*`]B/I`M)_PAV@?]`>PS_U[K_A6M11RH.2/8RO^
M$/T'_H#V/_?A?\*/^$/T'MH]C_WX6M6BCE0<D>QE?\(AH.0?[(L>.G[D4G_"
M'Z"/^818_P#?E:UJ*.5!R1[&3_PAV@#IH]@/^W=?\*EM/#.D6%PEQ:Z;:PRI
M]UTB`(XQP?I6C11RH.2/8****904444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
510`4444`%%%%`!1110`4444`?__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>logo2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo2.jpg
M_]C_X``02D9)1@`!`@$`2`!(``#_P``1"`!2`'0#`2(``A$!`Q$!_]L`A``%
M`P,$`P,%!`0$!04%!@<-"`<'!P<0"PP)#1,0%!,2$!(2%1<>&146'!82$AHC
M&AP?("$B(109)2<D("<>(2$@`04%!0<&!P\("`\@%1(5%2`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("#_Q`&B```!
M!0$!`0$!`0```````````0(#!`4&!P@)"@L0``(!`P,"!`,%!00$```!?0$"
M`P`$$042(3%!!A-180<B<10R@9&A""-"L<$54M'P)#-B<H()"A87&!D:)28G
M*"DJ-#4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@X2%
MAH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35
MUM?8V=KAXN/DY>;GZ.GJ\?+S]/7V]_CY^@$``P$!`0$!`0$!`0````````$"
M`P0%!@<("0H+$0`"`0($!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R
M@0@40I&AL<$)(S-2\!5B<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(
M24I35%565UA96F-D969G:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JB
MHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR
M\_3U]O?X^?K_V@`,`P$``A$#$0`_`/LNBBB@`HZ"BD-``3@9I"^.*XSQGX^?
M2YGT[3`K72X\R0C(C]L=STK-T_P9KOB1!<ZSJ5Q%$_*QL23^70?E6;GK9&,J
MJ3Y4>B[_`$Q2AL]*Y6U^'&GV2[K>]U*-QWCGV_H!4L=U=Z'*L4VHN\9.`E\F
MW/TD7C\Z:;ZE<TENCI3GM2;L#L*C@N//C!V,A/4'M_C^%<]\0=?GT+2(_LDO
ME7$T@"''0`9)_E^=-M)7*<DE<Z8&EK-\-B[_`+%M&O9FEN'C#NS#GGG'X=*T
MJ:=T$7=7"BBBF4%%%%`!1110`=N*IZQ?'3=*NKL`9AA9A]0.*N'I6=XBM6O-
M!OK>,?.\#!1ZG%(#S[X<Z.-9UN6^N_WBVQW\\[G/0_S_`$KU`+CD<?2N`^%%
MQ%!8ZBS,%$>UV)[#!_P-,3XGZK=.ZVFCI*JG`V[R0.V<"L8-1U?<Y*,HQ6N[
M9U'B;Q9:>&H%\\&263.R)>I`ZD^@KGI/B3+=Q%#X;N)8G&""V01]-M<Q=ZQ>
M:[XA&H3::UPT6TFV56(`'KQTS71R?$75K*(-/X>,$0P`6#*![=/2DZEV*5;F
M;L[(J:=XJN])G=[+1=12V;D6S,613ZCY<C\#BJU_JMQXW\36-O/:FU6([7B+
M9V@?,Q/X`?E7?V6N6]]H8U90R0^49"&&,8ZC]#7F^B:E$;^XU*^8K]JE\E'/
M_+,L=Q8^P`4?C2DK+1DSNHZ/<]7MI8Y4!B='4<94Y%3UEZ!I!TB%T,N_<>PX
MQ6I6\=CKAL%%%%46%%%%`!1110`=J:0-N#3J2@#R[Q)I=QX2NM3:!MEK?)Y<
M0_WFR1^`!_.NE^'>E&R\,><%VRW1,@..W\/^/XUSGQ&O)=7\1Q:;:JTI@78J
M+U9VY/XXQ^5:*^)?%^GVZ1_V!!%$BA%W*0!Q@#[U<UTI^1Q:1J&1X>NM9\)7
M5V!H4]S-*0K,5;`QGN`>M1^+O%>H:W;PVEWIS6.'\P`J<OQ@<$5O_P#"3>-7
M4X\/PGCLI/\`[-5+2O#.N>(-?34=;B>&*,ACN^7.#PH`[4OB7NB;NK1*<NL:
MU)X970H-"N(HMBJ9%5B2.IXQQD_SINNZ#_9G@C37FC*7#SLS`CGY@3S^"BO4
MPH`KSKXJ:RDUU;:;"VXP@O)CG!/`%4X<L;OH7.DHQNWT.P\(7;ZAX<L+B1LL
M8@"?4CC/Z5L5E>%+%],\/6-K(/G2(;AZ$\_UQ6K6M._*KF]*_(K]@HHHJS0*
M***`"BCM2%L=/P'K0`IX%5[Z\CL+*:YE8*D498GZ"I\_3%,DB26,QR(K(1@A
MAD&@#S?X<VDFN>)+C5Y^?+S)G'\;GI^`S7HE]9I>VSPN%(88PRAA^(/!H@M;
M>V)6"&.(DY(50,^_%3%NPQSTJ(QL94Z?*M3FO*NO#I(CM;O[.#Q]F/G(O_`#
M\R_@<4LGQ%T*W7;--.C@<JULZD?@1_6ND./05%+:P3C$L$3XZ;D!H4;;#<6M
MCAM5^)LUZIMM#LI6D;@2.N6_!1_C3/"7@&ZFO5U+6P1A@Z1,<LS?WF_PKNXK
M:"`;888HP>RJ!4HP!@4O9MO4CV3F[R>@JH!^%.IH;/`P<4!ORK0W'44F3Z4@
M;MQ0`ZBBB@!LLBPQ/(Q`5%+$^@%>5^%;2[U*VL=4@T^X@F%V;J?478!#",_(
M.<MD`=J]1N[9+RUEMI"P25"C;3@X(P<'M5>'1;2WTG^RXD9+;RC$%5L$*>O/
MXT`<A#XOUV6QTZ1UB1]4R\(AMFE:&-1G<5!RQ.5X[<]:LP>(_$&J>590);V-
M]'9M<W#7$1PWSE4&,_*&VD\G@5NW?A33[NTL[<&X@^Q+L@DAE*.B[=I&?<<5
M%=>"=)NO(!2=%BA$!6.9E$D><[7]1F@##O=8OTO-5O+2T3SK<V]M*\4;2M&I
M7=(0H(W;=PX`Z<TR\\2F+[%?R&RU`VNGSWGG0AE#\A$(&>,YP0<_I71S>$M/
ME5]C7,$C3_:/,AF*NK;0O!],`#%-@\%Z-;V[P);-Y;VOV1@7/,>2V,]CDDY'
MK2L!@W/BS6M*@U"&Y:TN+N*V@F@V1[0'D;;L(SR`>_%;7AR_U"YO]4LK^6"?
M[)(B+)'&4!)0,1@D],BGV_@W3((61OM$S/-',\DLI9W9#E,GT'ITK0L=*MM/
MEN98%(:ZE\V4DYR<`?E@"F!P'B&&WNK;Q/K3%EN;:Y2&SD5R"C*$`Q@\_-VQ
M6CJ7B+69+76F1;7[)8QB$HZDO+(T:Y7((P`S<UMQ>!M(CO/M3I<3,)S<!)9V
M9!(3DMMSC-6G\,:=+9W%H\;F*YN/M$HWG+/N#=?3('Y4`<9J,9>:^M(OE#2V
M.FH`3A1P[`5>M-9O)+W9IR6L,^H:E/&TK(6Q%$I&X@G&00/0&ND_X1?3?M`G
M\IMXN_MF=QYDV[<_E26OA;3;$P/"C@VZ2+&2Y^7S#ES]2:`.3N_&>LSZ#8^4
M\:75U!.^^*$LTA5MJ*J@_+N[$FNXT]'BLH$?>&6-0=QR>G<^M<GJ7@2]^T@:
M7+%;QI:I;6\WVF2.2``Y.0HQ)SSR1791*R(JLVX@8R>_'6@!]%%%`!1110`4
M444`%%%%`!1110`4444`%!Z&B@]#0`Q2?.8=@!Q2IR.?6FK_`*]OH*<G3\:`
''4444`?_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
