MV Oil Trust Announces Trust Second Quarter Distribution
Unitholders of record on
Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
145,027 |
|
|||
Average price (per BOE) |
|
$ |
59.82 |
|
||
Gross proceeds |
|
$ |
8,675,538 |
|
||
Costs |
|
$ |
5,725,946 |
|
||
Net profits |
|
$ |
2,949,592 |
|
||
Percentage applicable to Trust’s 80% |
|
|
|
|||
Net profits interest |
|
$ |
2,359,674 |
|
||
|
|
$ |
-- |
|
||
Total cash proceeds available for the Trust |
|
$ |
2,359,674 |
|
||
Provision for current estimated Trust expenses |
|
$ |
(232,174 |
) |
||
Net cash proceeds available for distribution |
|
$ |
2,127,500 |
|
This press release contains forward-looking statements. Although
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713-483-6020
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