-----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,
 UOxj4kyN5YQP5QoEC9/7MM44eHA0NiZzuUoN+erYkkPtJJQRzsGXx6b3kbl8q2Wi
 OX2YtllBW0hM+ZHG2id1/A==

<SEC-DOCUMENT>0001199073-08-001018.txt : 20081224
<SEC-HEADER>0001199073-08-001018.hdr.sgml : 20081224
<ACCEPTANCE-DATETIME>20081224151329
ACCESSION NUMBER:		0001199073-08-001018
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20081223
FILED AS OF DATE:		20081224
DATE AS OF CHANGE:		20081224

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:		081270340

	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>
            <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
23,&#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 valign="bottom" 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 valign="bottom" 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">
                                                                                                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center"><font size="+0"><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a href="ex99_1.htm">PRECISION DRILLING TRUST&#160;COMPLETES ACQUISITION OF
      GREY WOLF, INC. AND ANNOUNCES PRELIMINARY MERGER CONSIDERATION ELECTION
      RESULTS</a></font></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>
                                </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
      23,&#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>
  </body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>PRECISION DRILLING TRUST COMPLETES ACQUISITION OF GREY WOLF, INC. AND ANNOUNCES PRELIMINARY MERGER CONSIDERATION ELECTION RESULTS
<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 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">&#160;</div>
    <div style="TEXT-ALIGN: left">
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><img src="logo1.jpg" alt="GRAPHIC"><br></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: 18pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">NEWS RELEASE</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></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">PRECISION
DRILLING TRUST COMPLETES ACQUISITION OF</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">GREY
WOLF, INC. AND ANNOUNCES PRELIMINARY MERGER</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">CONSIDERATION
ELECTION RESULTS</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><img src="logo2.jpg" alt="GRAPHIC"><br></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 23, 2008</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">CALGARY,
Alberta--(BUSINESS WIRE)--Dec. 23, 2008--Precision Drilling Trust (&#8220;Precision&#8221;)
(TSX:PD.UN) (NYSE:PDS) announced that its acquisition of Grey Wolf, Inc. (&#8220;Grey
Wolf&#8221;) (AMEX:GW) was successfully completed following approval of the merger
transaction by Grey Wolf shareholders at Grey Wolf&#8217;s special meeting of
shareholders held earlier today.</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">&#8220;This
combination of Precision and Grey Wolf has land drilling operations in virtually
every conventional and unconventional oil and gas basin in the lower 48 United
States and Canada with an emerging presence in Mexico,&#8221; <font style="DISPLAY: inline; COLOR: #000000">said Kevin Neveu, Chief Executive
Officer of Precision Drilling Corporation.</font><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;&#8220;Together we will deliver
high value, high performance services that will provide significant value to our
customers, security holders and employees.</font>&#160;&#160;We appreciate the
support of the Grey Wolf shareholders in this merger and we look forward to them
continuing as unitholders of Precision.&#160;&#160;I am very excited about the
opportunities for all the employees of the new Precision; the scope and breadth
of Precision&#8217;s operations coupled with the dedication of our people to
operational excellence and their intense focus on safety provides the backbone
for our development and growth in Canada, the United States and
internationally.&#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">While
merger consideration elections are still being tabulated, preliminary merger
consideration election results indicate that cash merger consideration elections
substantially exceeded the amount of cash available for cash
elections.&#160;&#160;Accordingly, based on these preliminary results, Precision
expects that former Grey Wolf shareholders who properly chose to receive
all-cash merger consideration will receive a prorated amount of cash
consideration and a fraction of a Precision trust unit for each share of Grey
Wolf common stock, while those who chose to receive Precision trust units and
those who did not make a timely and valid merger consideration election are
expected to receive 0.4225 of a Precision trust unit per share of Grey Wolf
common stock.&#160;&#160;Based upon the preliminary merger election results, it
is anticipated that those Grey Wolf shareholders, who elected all cash, will
receive approximately US$5.15 in cash and approximately 0.1808 Precision trust
units for each Grey Wolf share.</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">Final
merger consideration proration results are expected to be announced as soon as
they are available and are subject to final calculation of the merger
consideration elections.&#160;&#160;It is</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
      </div>
      <div>&#160;</div>
      <div align="center">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td width="100%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;<font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">4200,
      150 - 6th Avenue S.W.</font></font>
      </font>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Calgary,
      Alberta, Canada T2P 3Y7</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Telephone:
      403.716.4500</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Facsimile:
      <font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;</font>403.264.0251</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">www.precisiondrilling.com</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</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">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</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">anticipated
that the merger consideration will be made available to Grey Wolf shareholders
after December 29, 2008.</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 successfully put in place a new US$1.6 billion credit facility that is
comprised of US$1.2 billion in secured loan facilities and a US$400 million
unsecured facility. This credit facility has funded the cash portion of the Grey
Wolf acquisition and refinanced pre-closing Precision bank debt.&#160;&#160;It
is also available to fund Grey Wolf convertible notes that may be tendered for
repurchase in the first quarter of 2009 and provides liquidity to fund ongoing
operational activities and investments.&#160;&#160;The unsecured facility,
currently structured as a bridge loan of which US$138 million was drawn at
closing, has provisions to enable outstanding amounts thereunder to be converted
to long-term debt instruments within 12 months. As previously disclosed, the
process and pricing impact to complete the syndication of the secured loan
facility by the underwriting banks will continue into 2009.</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
trust units will continue to trade on the Toronto Stock Exchange under the
ticker symbol PD.UN and on the New York Stock Exchange under the ticker symbol
PDS.&#160;&#160;Grey Wolf common stock is being delisted and will no longer
trade on the American Stock Exchange.</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; 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">Precision
is a leading provider of safe, high performance energy services to the North
American oil and gas industry.&#160;&#160;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.</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
is headquartered in Calgary, Alberta, Canada.&#160;&#160;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;.</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">For
further information, please contact:</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
      </div>
      <div>&#160;</div>
      <div align="center">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Doug
Strong</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">David
    Wehlmann</font></td>
            </tr>
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief Financial
      Officer</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Executive Vice
      President, Investor Relations</font></td>
            </tr>
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Precision Drilling
      Corporation</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Precision Drilling
      Oilfield Services Corporation,</font></td>
            </tr>
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Administrator of
      Precision Drilling Trust</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Suite
  600</font></td>
            </tr>
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4200 150-6<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">th</font>
      Avenue S.W.</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10370 Richmond
      Avenue</font></td>
            </tr>
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Calgary, Alberta T2P
      3Y7</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Houston, Texas
      77042-4136</font></td>
            </tr>
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Telephone
      403.716.4500</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Telephone
      713.435.6117</font></td>
            </tr>
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Fax
      403.264.0251&#160;</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Fax
      713.435.6171</font></td>
            </tr>
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="39%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Website:&#160;&#160;www.precisiondrilling.com</font></td>
              <td width="61%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            </tr>
        </table>
      </div>
      <div>&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        </div>
        <div>&#160;</div>
        <div align="center">
          <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
              <tr>
                <td width="100%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;<font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">4200,
      150 - 6th Avenue S.W.</font></font>
      </font>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Calgary,
      Alberta, Canada T2P 3Y7</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Telephone:
      403.716.4500</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Facsimile:
      <font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;</font>403.264.0251</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">www.precisiondrilling.com</font></font></div>
                </td>
              </tr>
          </table>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    </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-----
