Trinidad Drilling Ltd. declares first quarter dividend

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

TSX SYMBOL:  TDG

CALGARY, March 17, 2014 /CNW/ - The Board of Directors of Trinidad Drilling Ltd. (Trinidad) has declared a cash dividend for the first quarter of 2014 of $0.05 per common share to be paid April 15, 2014 to shareholders of record on March 31, 2014.  The dividend is designated as an "eligible dividend" for Canadian Income Tax purposes.

Trinidad is a corporation focused on sustainable growth that trades on the Toronto Stock Exchange under the symbol TDG. Trinidad's divisions operate in the drilling and barge-drilling sectors of the North American oil and natural gas industry with operations in Canada, the United States and Mexico. In addition, through a joint venture, Trinidad has the opportunity to operate drilling rigs in other international markets such as Saudi Arabia and Mexico. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad's drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry.

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

SOURCE: Trinidad Drilling Ltd.

Lisa Ottmann
Vice President, Investor Relations
[phone]
email:  [email protected]