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Cathedral Energy Services provides operational update

Jun 19, 2009



    CALGARY, June 19 /CNW/ - Cathedral Energy Services Income Trust (the
"Trust" - TSX: CET.UN) announces that effective June 16, 2009, the Trust has
realigned the operations of its Wireline division. Currently, the Trust has
electric line ("E-line") operations in the U.S. market which it serves from
facilities in North Dakota and Wyoming. Based upon a review of supply and
demand for E-line services, Trust management believe the U.S. market offers
increased utilization and operating margins superior to that currently being
realized in Canada. Over the next few months, the Trust will transfer existing
Canadian E-line units to the U.S. and expects to develop a third U.S. base of
operations during 2009 Q3.
    The Trust's Canadian Wireline division will continue to provide slickline
services but will discontinue providing E-Line services to the Canadian energy
market. District offices directly supporting Canadian E-line operations will
be closed or reassigned to the Trust's other Canadian divisions. The Trust
believes that this action, combined with previous undertakings, will further
support its efforts to be strategically positioned for the return of a more
favorable operating environment.
    In addition, the Trust has commenced providing directional drilling
services, using its generation 3 ("G3") Electro-Magnetic
Measurement-While-Drilling ("EM/MWD") system in the Marcellus basin in eastern
U.S. The Trust is very pleased with the operational results of the G3 EM/MWD
tool in this basin and is expanding operations in this region. To facilitate
this expansion, the Trust will establish a new operations facility in
Pennsylvania in 2009 Q3.

    Certain statements in this news release including (i) statements that may
contain words such as "anticipate", "could", "expect", "seek", "may" "intend",
"will", "believe", "should", "project", "forecast", "plan" and similar
expressions, including the negatives thereof, (ii) statements that are based
on current expectations and estimates about the markets in which the
Trust/Cathedral operates and (iii) statements of belief, intentions and
expectations about developments, results and events that will or may occur in
the future, constitute "forward-looking statements" and are based on certain
assumptions and analysis made by the Trust/Cathedral. Forward-looking
statements in this news release include, but are not limited to, statements
with respect to future capital expenditures, including the amount, nature and
timing thereof; oil and natural gas prices and demand; other development
trends within the oil and natural gas industry; business strategy; expansion
and growth of the Trust's/Cathedral's business and operations and other such
matters. Such forward-looking statements are subject to important risks and
uncertainties, which are difficult to predict and that may affect the
Trust's/Cathedral's operations, including, but are not limited to: the impact
of general economic conditions; industry conditions; government and regulatory
developments; oil and natural gas product supply and demand; competition; and
the Trust's/Cathedral's ability to attract and retain qualified personnel. The
Trust's/Cathedral's actual results, performance or achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if
any of them do transpire or occur, what benefits the Trust/Cathedral will
derive therefrom. Subject to applicable law, the Trust disclaims any intention
or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
    All forward-looking statements contained in this document are expressly
qualified by this cautionary statement. Further information about the factors
affecting forward-looking statements is available in the Trust's current
Annual Information Form and Annual Report which have been filed with Canadian
provincial securities commissions and are available on

    %SEDAR: 00018316E
For further information: Mark L. Bentsen, President and Chief Executive
Officer or P. Scott MacFarlane, Chief Financial Officer, Cathedral Energy
Services Ltd., 1700, 715 - 5th Avenue S.W., Calgary, Alberta, T2P 2X6,
Telephone: (403) 265-2560, Fax: (403) 262-4682,

Cathedral opens a 36,000 square foot full service operation facility in Oklahoma City, Oklahoma and Estevan, Saskatchewan operations migrate to Emerald Park, Saskatchewan.