Deepwell Declares September Cash Distribution

Deepwell Energy Services Trust announced that the cash distribution for the period of September 1, 2008 to September 30, 2008 has been set at $0.06 per Trust unit. The cash distribution is payable on October 15, 2008 to unitholders of record on September 30, 2008.

Eligible unitholders may also elect to participate in the Trust's Distribution Reinvestment Plan (DRIP). The DRIP allows eligible unitholders of Deepwell to direct that their cash distributions be reinvested in additional trust units at 95% of the Average Market Price (as defined in the DRIP) on the applicable distribution payment date.

Eligible registered unitholders who wish to enroll in the DRIP, must fax or otherwise deliver a properly completed and signed authorization form to CIBC Mellon Trust Company, at the fax number or address specified in the form, not later than 3:00 pm (Calgary time) on the fifth day immediately preceding a distribution record date in order for the cash distribution to which such record date relates to be reinvested under the DRIP.

Beneficial unitholders (i.e., owners of trust units that are held through a nominee such as a broker or custodian) who wish to participate in the DRIP should contact the broker, investment dealer, financial institution or other nominee who holds their trust units to enquire about the applicable enrolment deadline and to request enrolment in the DRIP. Please note that registered and beneficial owners of Deepwell trust units who are not resident in Canada are not eligible to participate in the DRIP.


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