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Precision Drilling Trust: Precision Drilling Trust Hank Swartout to Become Executive Chairman Effective January 1, 2007

Thu, 12 Oct 2006 19:30:00 PDT

CALGARY, ALBERTA (MARKET WIRE) Precision Drilling Trust ("Precision") announces that its founder, Chairman and Chief Executive Officer Hank Swartout will relinquish his position as Chief Executive Officer and assume the role of Executive Chairman effective January 1, 2007.

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