EXHIBIT 99.5
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                  CONSENT OF INDEPENDENT CHARTERED ACCOUNTANTS



The Board of Directors
Precision Drilling Corporation

We consent to the use of our audit report (the "Audit Report") dated February
10, 2004 on the consolidated balance sheets of Precision Drilling Corporation as
at December 31, 2003 and 2002 and the consolidated statements of earnings and
retained earnings and cash flows for each of the years in the three year period
ended December 31, 2003 which report appears in the 2003 annual report on Form
40-F of Precision Drilling Corporation. We also consent to the incorporation by
reference of the Audit Report in the following Registration Statements: Form S-8
No. 333-105648, Form S-8 No. 333-14284, Form S-8 No. 333-13432 and Form S-8 No.
333-11982 pertaining to certain stock option plans of Precision Drilling
Corporation 2004 Stock Option Plan.



/s/ KPMG
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Chartered Accountants

Calgary, Canada
April 26, 2004



      COMMENTS BY AUDITOR FOR US READERS ON CANADA-US REPORTING DIFFERENCES


In the United States, reporting standards for auditors require the addition of
an explanatory paragraph (following the opinion paragraph) when there is a
change in accounting principles that has a material effect on the comparability
of the company's financial statements, such as the change described in Note 2(a)
to the financial statements. Our report to the shareholders dated February 10,
2004, incorporated by reference herein, is expressed in accordance with Canadian
reporting standards which do not require a reference to such a change in
accounting principles in the auditors' report when the change is properly
accounted for and adequately disclosed in the financial statements.



/s/ KPMG
- -----------
Chartered Accountants

Calgary, Canada
February 10, 2004