MV Oil Trust Announces Trust First Quarter Distribution
Unitholders of record on
Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
140,509 |
|
|
Average price (per BOE) |
|
$ |
67.77 |
|
Gross proceeds |
|
$ |
9,521,619 |
|
Costs |
|
$ |
5,296,614 |
|
Net profits |
|
$ |
4,225,005 |
|
Percentage applicable to Trust’s 80% |
|
|
|
|
Net profits interest |
|
$ |
3,380,004 |
|
|
|
$ |
-- |
|
Total cash proceeds available for the Trust |
|
$ |
3,380,004 |
|
Provision for current estimated Trust expenses |
|
$ |
(217,504 |
) |
Net cash proceeds available for distribution |
|
$ |
3,162,500 |
|
This press release contains forward-looking statements. Although
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713-483-6020
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