Trican Well Service Ltd. announced that its Board of Directors has declared a CAD 0.05 dividend per share in accordance with the semi-annual dividend policy for holders of Trican Common Shares. The date of record will be December 31, 2009 and the date of payment will be January 14, 2010. The ex-dividend date will be December 29, 2009.

Trican Well Service Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported operating income of CAD 19,894,000, loss before income taxes and non-controlling interest of CAD 11,747,000 and net loss of CAD 7,387,000 or CAD 0.06 per diluted share on revenue of CAD 188,437,000, compared to operating income of CAD 19,894,000, income before income taxes and non-controlling interest of CAD 26,738,000 and net income of CAD 18,054,000 or CAD 0.14 per diluted share on revenue of CAD 286,737,000 for the same period last year. Net cash used in operating activities was CAD 7,242,000, compared to net cash provided by operating activities of CAD 9,153,000 for the same period last year. Purchase of property and equipment was CAD 11,064,000, compared to CAD 28,740,000 for the same period last year. Capital expenditures for the quarter totaled CAD 9.0 million compared with CAD 28.7 million for the same period in 2008. The majority of this investment was in equipment and infrastructure within Russian region. Funds provided by operations was CAD 13.6 million as compared to the funds provided by operations of CAD 54.9 million for the same period a year ago. For the nine months, the company reported operating income of CAD 45,297,000, loss before income taxes and non-controlling interest of CAD 41,070,000 and net loss of CAD 23,214,000 or CAD 0.18 per diluted share on revenue of CAD 591,626,000, compared to operating income of CAD 108,573,000, income before income taxes and non-controlling interest of CAD 35,589,000 and net income of CAD 24,900,000 or CAD 0.20 per diluted share on revenue of CAD 693,261,000 for the same period last year. Net cash provided by operating activities was CAD 75,898,000, compared to net cash provided by operating activities CAD 15,124,000 for the same period last year. Purchase of property and equipment was CAD 31,667,000, compared to CAD 96,678,000 for the same period last year. Funds used in operations was CAD 11.3 million as compared to the funds provided by operations of CAD 87.3 million for the same period a year ago.

Trican Well Service Ltd. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on October 20, 2009).