MV Oil Trust Announces Trust Third Quarter Distribution
Unitholders of record on
Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
142,501 |
|
|
Average price (per BOE) |
|
$ |
62.08 |
|
Gross proceeds |
|
$ |
8,846,255 |
|
Costs |
|
$ |
5,628,563 |
|
Net profits |
|
$ |
3,217,692 |
|
Percentage applicable to Trust’s 80% |
|
|
|
|
Net profits interest |
|
$ |
2,574,153 |
|
|
|
$ |
-- |
|
Total cash proceeds available for the Trust |
|
$ |
2,574,153 |
|
Provision for current estimated Trust expenses |
|
$ |
(216,653 |
) |
Net cash proceeds available for distribution |
|
$ |
2,357,500 |
|
This press release contains forward-looking statements. Although
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713-483-6020
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