Precision Drilling Corporation to speak at UBS Global Oil & Gas Conference CALGARY, May 19 /PRNewswire-FirstCall/ -- Mr. Hank B. Swartout, Chairman, President & Chief Executive Officer of Precision Drilling Corporation ("Precision") will speak at the UBS Global Oil & Gas Conference in Austin, Texas on Wednesday, May 25, 2005 at 8:40 a.m. CST. A live webcast of the audio portion of the presentation will be accessible on Precision's website at http://www.precisiondrilling.com/ by selecting Investor Relations, then Webcast, with an archived version available three hours after the live broadcast ends until June 27, 2005. Precision Drilling Corporation (TSX: PD and PD.U; NYSE: PDS) is a global contract drilling and oilfield services company providing a broad range of drilling, production and evaluation services with focus on fulfilling customer needs through fit-for-purpose technologies for the maturing oilfields of the 21st century. With corporate offices in Calgary, Alberta, Canada and corporate subsidiary offices in Houston, Texas, and research facilities in the U.S. and Europe, Precision employs more than 12,000 people conducting operations in more than 30 countries. Precision is committed to providing efficient and safe services to create value for our customers, our shareholders and our employees. DATASOURCE: Precision Drilling Corporation CONTACT: Dale E. Tremblay, Senior Vice President Finance and Chief Financial Officer, 4200, 150 - 6th Avenue S.W., Calgary, Alberta, T2P 3Y7, Telephone (403) 716-4500, Fax (403) 264-0251, website: http://www.precisiondrilling.com/; Archived images on this organization are searchable through CNW Photo Archive website at http://photos.newswire.ca/. Images are free to accredited members of the media. To request a free copy of this organization's annual report, please go to http://www.newswire.ca/ and click on reports@cnw.

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