-----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,
 VoW3+VYYtOhfC9p+b5qvk1YipyqKXMJouPB32nGbIMXpcOEIp5CRFugBYNqvnuOg
 41z/9UTOPGQslcbdbZv6zw==

<SEC-DOCUMENT>0001199073-09-000120.txt : 20090219
<SEC-HEADER>0001199073-09-000120.hdr.sgml : 20090219
<ACCEPTANCE-DATETIME>20090219110458
ACCESSION NUMBER:		0001199073-09-000120
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20090219
FILED AS OF DATE:		20090219
DATE AS OF CHANGE:		20090219

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:		09620434

	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 style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div>
        <div>
          <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">February&#160;19,
2009</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">
                                                                                                  <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">
                                                                                                              <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; TEXT-ALIGN: left" align="center">

                                                                                                                  <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; FONT-VARIANT: small-caps">      </font></font>
                                                                                                                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-VARIANT: small-caps">Precision
      Drilling Trust Announces Postponement of Senior Notes Offering and
      Provides Update on
      Financing</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>
                                                  </div>
                                                </div>
                                              </div>
                                            </div>
                                          </div>
                                        </div>
                                      </div>
                                    </div>
                                  </div>
                                </div>
                              </td>
                            </tr>
                        </table>
                      </div>
                    </div>
                  </div>
                </div>
                <div>&#160;</div>
                <div>
                  <pre><hr style="COLOR: dimgray" align="left" noshade size="2" width="100%">
                </pre>
                </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;February
      19, 2009</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"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Joanne
      L. Alexander</font></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"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Joanne
      L. Alexander</font></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>
  </body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>PRECISION DRILLING TRUST ANNOUNCES POSTPONEMENT OF SENIOR NOTES OFFERING AND PROVIDES UPDATE ON FINANCING
<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 style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <hr style="COLOR: black" align="left" noshade size="1" width="100%">
    </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"><br>&#160;</div>
      <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="justify"><img src="logo2.jpg" alt="GRAPHIC"></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
            <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">
                <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">
                    <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">
                        <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 Announces Postponement of Senior Notes </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">Offering
and Provides Update on Financing</font></div>
                      </div>
                    </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="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">Calgary,
Alberta, Canada &#8211; February 19, 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-STYLE: italic; FONT-FAMILY: Times New Roman">This
news release contains &#8220;forward-looking information and statements&#8221; within the
meaning of applicable securities laws.&#160;&#160;For a full disclosure of the
forward-looking information and statements and the risks to which they are
subject, see the &#8220;Cautionary Statement Regarding Forward-Looking Information and
Statements&#8221; later in this news release.</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; or the &#8220;Trust&#8221;) announced today that its subsidiary,
Precision Drilling Corporation, has postponed its offering of US$250 million
principal amount of senior notes due 2015 due to currently unfavourable market
conditions.</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;The
Trust closed the offering of 46,000,000 trust units yesterday that provided
gross proceeds of US$172 million,&#8221; stated Mr. Kevin Neveu, President &amp; Chief
Executive Officer of Precision Drilling Corporation.&#160;&#160;&#8220;Precision will
continue to use the committed financing that it has in place.&#160;&#160;The
unsecured financing is committed through a bridge facility and under its terms,
the drawn portion will convert to long-term financing on or before December 23,
2009, if not refinanced.&#160;&#160;The rate of interest Precision is paying on
the unsecured bridge facility is currently fixed at 17% per annum.&#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">Precision
will use the equity proceeds, and if necessary draw on the unsecured bridge
facility, to purchase any of the Grey Wolf convertible notes tendered to a
change of control offer which expires later in March.&#160;&#160;If all
convertible notes tender to the offer, Precision expects to draw an additional
US$98 million for a total of US$236 million on the unsecured bridge
facility.</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
also has a US$1.2 billion secured facility which includes a revolving credit
facility of US$400 million.&#160;&#160;&#160;At year end 2008, the Trust had
cash of approximately US$50 million, with only US$88 million drawn down under
the revolving credit facility, providing Precision with ample
liquidity.&#160;&#160;The overall blended floating cash interest rate before
amortization of upfront costs on the secured facility is currently 8% per
annum.</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">Mr. Neveu
continued, &#8220;Precision&#8217;s management team is experienced in operating through the
cycles in the land drilling industry.&#160;&#160;As such, we are taking all
necessary steps to reduce expenses and capital expenditures, in order to
increase cash flow that will be applied to reduce our debt balance going
forward.&#160;&#160;We believe that our cash flow generation, coupled with our
equity offering, will enable us to significantly reduce</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">the
overall debt balance by the end of 2009.&#160;&#160;We also believe that the
equity offering provides additional assurance, positioning Precision to comply
with its debt covenants going forward.&#8221;</font></div>
                      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></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%; TEXT-ALIGN: center" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">-
Page 2 -</font></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">The Trust
presently has approximately 200 rigs operating in the United States and Canada,
with over 100 of those working under term contracts.&#160;&#160;In 2009,
Precision&#8217;s term contracts provide for an average of approximately 85 contracted
rigs that are anticipated to generate substantial profit margin per rig day,
consistent with peak levels achieved during 2008.&#160;&#160;This base of
contracted rigs, coupled with the well-to-well contracted rigs and cash
generation from other business units is expected to provide the cash flow
necessary to significantly reduce debt during 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">Mr. Neveu
concluded, &#8220;Precision is well positioned with its diverse operating platform,
strong working capital and liquidity position plus committed financing to lead
the eventual rebound in land drilling rig activity.&#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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">About
Precision</font></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"><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 "PD.UN" 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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Cautionary Statement
Regarding Forward-Looking Statements</font></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"><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.&#160;&#160;Such
statements may also constitute "forward-looking information" within the meaning
of applicable Canadian securities legislation.&#160;&#160;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's control, which could cause actual results to differ materially from
such statements.&#160;&#160;Forward-looking statements or information in this
news release include but are not limited to: anticipated earnings and cash
generation from operations, the reduction of expenses and capital expenditures,
the ability to reduce debt as planned and the satisfaction of debt
covenants.&#160;&#160;Among the factors that could cause results to differ
materially from those indicated by such forward-looking statements are: the
principal amount of convertible notes tendered to the "change of control" offer
and changes in market conditions.&#160;&#160;Readers are cautioned not to place
undue reliance on forward-looking information.&#160;&#160;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 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%; TEXT-ALIGN: center" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">-
Page&#160;3 -</font></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">For
further information, please contact:</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">David
Wehlmann, Executive Vice President, Investor Relations</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">Precision
Drilling Corporation, Administrator of Precision Drilling Trust</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"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(403)
716-4575</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">(403)
716-4755 (FAX)</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"><font style="DISPLAY: inline; 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></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 T2P 3Y7</font></div>
                      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
                    </div>
                  </div>
                </div>
              </div>
            </div>
          </div>
        </div>
      </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-----
