UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO SECTION 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For January 12, 2004
Commission File Number: 001-14534
PRECISION DRILLING CORPORATION
(Exact name of registrant as specified in its charter)
4200, 150 - 6TH AVENUE S.W.
CALGARY, ALBERTA
CANADA T2P 3Y7
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F [_] Form 40-F [X]
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1)._______
Note: Regulation S-T Rule 101(b)(1) only permits the submission in
paper of a Form 6-K if submitted solely to provide an attached annual report to
security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):_______
Note: Regulation S-T Rule 101(b)(7) only permits the submission in
paper of a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws of
the jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes [_] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- N/A
------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PRECISION DRILLING CORPORATION
Per: /s/ Jan M. Campbell
---------------------------------------
Jan M. Campbell
Corporate Secretary
Date: January 12, 2004
NEWS RELEASE
CALGARY, ALBERTA, CANADA - January 12, 2004
PRECISION DRILLING CORPORATION
ANNOUNCES PARTICIPATION IN DUAL CURRENCY TRADING ON THE TORONTO STOCK EXCHANGE
Precision Drilling Corporation ("Precision") is pleased to announce its
participation in the first phase of the expansion of the Toronto Stock Exchange
("TSX") dual currency trading.
As a result of market participant demand, TSX will expand its offering of
securities available for trading in dual currencies, effective February 2, 2004.
Precision's securities will be listed and traded in both Canadian and U.S.
dollars. The U.S. dollar trading symbol will consist of the Canadian symbol with
a ".U" extension (PD.U).
The trading of the U.S. dollar denominated securities is governed under the
existing framework of rules, regulations and policies concerning the trading of
securities in Canada. Market makers will have nominal responsibilities for these
securities. TSX supported market information feeds will provide all U.S. dollar
trading data.
TSX trading fees will not be levied on trades in the U.S. dollar denominated
securities referred to above for a period of three months (February to April).
For further information, please refer to the release issued by the TSX earlier
today.
Precision Drilling Corporation, headquartered in Calgary, Alberta, Canada, is
the largest Canadian integrated oilfield and industrial services contractor and
a global provider of products and services to the energy industry. Precision
Drilling Corporation is listed on The Toronto Stock Exchange under the trading
symbol "PD", and effective February 2, 2004 "PD.U", along with the New York
Stock Exchange under the trading symbol "PDS".
FOR FURTHER INFORMATION PLEASE 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:
WWW.PRECISIONDRILLING.COM