##### 



CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE
ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF
2002
  1.
    
    I have reviewed this annual report on Form 40-F of Precision Drilling Trust;2.
    
    Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;3.
    
    Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of
operations and cash flows of Precision Drilling Trust as of, and for, the periods presented in
this report;4.
    
    Precision Drilling Corporations other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in
Exchange Act Rules 13a-15(b) and 15d-15(f)) for Precision Drilling Trust and have:
 (a)
    
    Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that material
information relating to Precision Drilling Trust, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly during
the period in which this report is being prepared;(b)
    
    Designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles;(c)
    
    Evaluated the effectiveness of Precision Drilling Trusts disclosure controls
and procedures and presented in this report our conclusions about the effectiveness of
the disclosure controls and procedures, as of the end of the period covered by this
report based on such evaluation; and(d)
    
    Disclosed in this report any change in the Precision Drilling Trusts
internal control over financial reporting that occurred during the period covered by
the annual report that has materially affected, or is reasonably likely to materially
affect, the Precision Drilling Trusts internal control over financial reporting; and
 5.
    
    Precision Drilling Corporations other certifying officer and I have disclosed, based on our
most recent evaluation of internal control over financial reporting, to Precision Drilling
Trusts auditors and the audit committee of Precision Drilling Corporations board of
directors (or persons performing the equivalent function):
 (a)
    
    All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably likely to
adversely affect the Precision Drilling Trusts ability to record, process, summarize
and report financial information; and(b)
    
    Any fraud, whether or not material, that involves management or other
employees who have a significant role in Precision Drilling Trusts internal control
over financial reporting.




---



##### 



/s/ Douglas StrongDouglas Strong, Chief Financial Officer ofPrecision Drilling Corporation, as agent for
and on behalf of Precision Drilling Trust