-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MOlZwAWsbu+eTWv3QEbJwLWusq2hbQReC5rbWQFtSJbJLBnnNi6KZx/zT2cC9ZTW yxGM9ov8g60dkdTVT0HzZQ== 0001382078-08-000003.txt : 20080213 0001382078-08-000003.hdr.sgml : 20080213 20080213121708 ACCESSION NUMBER: 0001382078-08-000003 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080213 DATE AS OF CHANGE: 20080213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRECISION DRILLING TRUST CENTRAL INDEX KEY: 0001013605 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-52957 FILM NUMBER: 08602541 BUSINESS ADDRESS: STREET 1: 150 - 6TH AVENUE S.W. STREET 2: SUITE 4200 CITY: CALGARY STATE: A0 ZIP: T2P 3Y7 BUSINESS PHONE: 403-264-0251 MAIL ADDRESS: STREET 1: 150 - 6TH AVENUE S.W. STREET 2: SUITE 4200 CITY: CALGARY STATE: A0 ZIP: T2P 3Y7 FORMER COMPANY: FORMER CONFORMED NAME: PRECISION DRILLING CORP DATE OF NAME CHANGE: 19960506 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Tetrem Capital Partners Ltd. CENTRAL INDEX KEY: 0001382078 IRS NUMBER: 000000000 STATE OF INCORPORATION: A2 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1508 - 201 PORTAGE AVENUE CITY: WINNIPEG STATE: A2 ZIP: R3B 3K6 BUSINESS PHONE: 204-975-2865 MAIL ADDRESS: STREET 1: 1508 - 201 PORTAGE AVENUE CITY: WINNIPEG STATE: A2 ZIP: R3B 3K6 SC 13G 1 mainpd2.txt HOLDINGS REPORT UNITED STATES Securities and Exchange Commission Washington, D. C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 Precision Drilling Trust (Name of Issuer) Common Stock (Title and Class of Security) 740215108(CUSIP Number) December 31, 2007 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ X ] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1) Name of reporting person: Tetrem Capital Management Ltd. (the "Investment Manager") 2) Check the appropriate box if a member of a group: a) n/a b) x 3) SEC use only 4) Place of organization: Winnipeg, Manitoba, Canada Number of shares beneficially owned by each reporting person with: 5) Sole voting power: 6,843,376 6) Shared voting power: - 0 - 7) Sole dispositive power: 6,843,376 8) Shared dispositive power: - 0 - 9) Aggregate amount beneficially owned by each reporting person: 6,843,376 10) Check if the aggregate amount in row (9) excludes certain shares: n/a 11) Percent of class represented by amount in row (9): 5.44% 12) Type of reporting person: IA - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Item 1a) Name of issuer: Precision Drilling Trust, - PDS Item 1b) Address of issuer's principal executive offices: 150, 6th Avenue S.W., Suite 4200 Calgary, AB, T2P 3Y7 Item 2a) Name of person filing: Tetrem Capital Management Ltd. Item 2b) Address of principal business office: Tetrem Capital Management Ltd. 1450, 201 Portage Avenue Winnipeg, MB, R3B 3K6 Item 2c) Citizenship: Federal - Canada Item 2d) Title of class of securities: Common Shares Item 2e) CUSIP No. 740215108 Item 3) If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a : (a)[ ] Broker or dealer under Section 15 of the Act. (b)[ ] Bank as defined in Section 3(a)(6) of the Act. (c)[ ] Insurance Company as defined in Section 3(a)(6) of the Act. (d)[ ] Investment Company registered under Section 8 of the Investment Company Act. (e)[ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940. (f)[ ] Employee Benefit Plan, Pension Fund which is subject to ERISA of 1974 or Endowment Funds; see 240.13d-1(b)(ii)(F). (g)[ ] Parent holding company, in accordance with 240.13d-1(b)(ii)(G) (h) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4) Ownership: (a) Amount beneficially owned: 6,843,376 (b) Percent of Class: 5.44% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 6,843,376 (ii) shared power to vote or to direct the vote: - 0 - (iii) sole power to dispose or to direct the disposition of: 6,843,376 (iv) shared power to dispose or to direct the disposition of: - 0 - Item 5) Ownership of Five Percent or less of a class: n/a Item 6) Ownership of more than Five Percent on behalf of another person: x Item 7) Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company: n/a Item 8) Identification and classification of members of the group: n/a Item 9) Notice of dissolution of group: n/a Item 10) Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature ----------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. -------------------------------- Date February 13, 2008 Tetrem Capital Management Ltd. By___________________________________________ Junior Damianidis Vice president Finance and Operations -----END PRIVACY-ENHANCED MESSAGE-----