TEL Offshore Trust fka TELOZ

[Jbrother]

Any Updates on the distribution to shareholders of Teloz? I was told by the administrator that the first payouts were to start in April 2018, but it is it middle of June and nothing yet.

[philipmax]

Looks like they are about to close out the Trust
$6Million pot 4.7Million Shares. Approx $1.25 payout depending on how many subscribe.

[Renee]

TELOZ: Trust terminated. FINRA deleted symbol.

http://otce.finra.org/DLDeletions

[Ace Trader]

back to the $7 to $10 range with pay outs!

[Ace Trader]

The upward swing is sure got $7 in site

[Soapy Bubbles]

http://www.reuters.com/finance/stocks/overview?symbol=TELOZ.O

[Soapy Bubbles]

Google Information, Finviz is Better...

http://www.google.com/finance?client=ob&q=NASDAQ:TELOZ

[Soapy Bubbles]

FINVIZ Data

http://www.finviz.com/quote.ashx?t=TELOZ&ta=1&p=d&b=1

[Soapy Bubbles]

TEL Offshore Trust Announces There Will Be No First Quarter 2009 Distribution

* Wednesday March 25, 2009, 11:00 am EDT

*
Buzz up!
* Print

Related:

* Tel Offshore Trust

AUSTIN, Texas--(BUSINESS WIRE)--TEL OFFSHORE TRUST announced that there will be no trust distribution for the first quarter of 2009 for unitholders of record on March 31, 2009. The financial and operating information included herein for the Trust’s first quarter of 2009 reflects financial and operating information with respect to the royalty properties for the months of November and December 2008 and January 2009 and includes prior period adjustments associated therewith.
Related Quotes
Symbol Price Change
TELOZ 5.21 -1.73
Chart for TEL Offshore Trust
{"s" : "teloz","k" : "c10,l10,p20,t10","o" : "","j" : ""}

Gas revenues recorded by the Working Interest Owners on the royalty properties increased approximately 30% to $827,661 in the first quarter of 2009 from $638,250 in the fourth quarter of 2008. Natural gas volumes during the first quarter of 2009 decreased approximately 23% to 130,986 Mcf from 169,621 Mcf during the fourth quarter of 2008, primarily due to damages caused by Hurricane Ike in September 2008. The average price received for natural gas decreased approximately 34% to $7.14 per Mcf in the first quarter of 2009 as compared to $10.81 per Mcf received in the fourth quarter of 2008. After taking into account prior period pricing adjustments, including adjustments to reflect alternative pricing contracts, the average price received for natural gas for the first quarter of 2009 was effectively $6.32 per Mcf and the average price received for natural gas for the fourth quarter of 2008 was effectively $3.76 per Mcf; thus, gas revenues actually increased quarter to quarter.

Crude oil revenues recorded by the Working Interest Owners on the royalty properties decreased approximately 80% to $1,009,282 in the first quarter of 2009 from $4,939,538 in the fourth quarter of 2008. Oil volumes during the first quarter of 2009 decreased approximately 49% to 18,510 barrels, compared to 36,270 barrels of oil produced in the fourth quarter of 2008. The decrease in revenue was primarily due to decreases in production resulting from damages caused by Hurricane Ike. The average price received for oil decreased to $54.53 per barrel in the first quarter of 2009 from $136.19 per barrel in the fourth quarter of 2008 (after taking into account minor prior period pricing adjustments in both quarters).

The Trust’s share of capital expenditures increased by $166,417 in the first quarter of 2009 to $276,425, as compared to $110,008 in the fourth quarter of 2008. The increase in capital expenditures was primarily due to higher expenditures for Eugene Island 339 that were classified as capital expenditures. The Trust’s share of operating expenses increased by $4,208,634 in the first quarter of 2009 to $5,937,665 as compared to $1,729,031 for the fourth quarter of 2008. The increase in operating expenses was primarily due to expenditures associated with the plugging and abandonment of the existing wells at Eugene Island 339 and related matters.

No funds were released or escrowed from the Trust’s Special Cost Escrow in the first quarter of 2009. The Trust’s Special Cost Escrow balance was $4,305,190 as of the end of the Trust’s first quarter.

On October 7, 2008, the Trust announced that production from the two most significant oil and gas properties associated with the Trust had ceased following damage inflicted by Hurricane Ike in September 2008. The principal asset of the Trust consists of a 99.99% interest in TEL Offshore Trust Partnership. The Partnership owns an overriding royalty interest, equivalent to a 25% net profits interest, in certain oil and gas properties, including the working interest ownership interest of Chevron U.S.A. Inc. in Eugene Island 339 and Ship Shoal 182 and 183.

The platforms and wells on Eugene Island 339 were completely destroyed by Hurricane Ike in September 2008. Crude oil revenues from Eugene Island 339 represented approximately 48% of the crude oil and condensate revenues for the royalty properties in 2007 and approximately 47% of such revenues for the nine months ended September 30, 2008. Eugene Island 339 contributed approximately 12% of the revenues from natural gas sales from the royalty properties in 2007 and approximately 41% of such revenues for the nine months ended September 30, 2008. Based on a prior reserve study of DeGolyer and MacNaughton, independent petroleum engineering consultants, Eugene Island 339 accounted for approximately 34% of the total future net revenues attributable to the Partnership’s interest in the royalty as of October 31, 2007. Chevron is proceeding to plug and abandon the existing wells, to clear debris and otherwise to deal with the remaining infrastructure. In order to restore production, Chevron expects that it would need to redevelop the facility and drill new wells. Chevron is still assessing its alternatives and the economic feasibility for restoring production at the property. At this point in time, there can be no assurance as to how or when, or if at all, production may be restored at Eugene Island 339. Generally, if production ceases from an outer continental shelf lease, like that for Eugene Island 339, production must be restored or drilling operations must commence within 180 days of the cessation (which was in early March 2009), or the lease will be terminated. A lease operator may seek approval from the regional supervisor of the Mineral Management Service to allow additional time to restore production. Chevron has submitted such a request with respect to Eugene Island 339. There can be no assurance that production at Eugene Island 339 will be restored or that such requested extension will be granted.

Production at Ship Shoal 182/183 ceased following damage inflicted by Hurricane Ike in September 2008. While the hurricane caused limited surface damage to the facilities at Ship Shoal 182/183, all of the wells at Ship Shoal 182/183 were shut-in following hurricane-related damage to a third-party transporter's natural gas pipeline. The more productive wells on the properties produce both oil and gas, and there was no downstream transmission available for any gas produced from the wells. Crude oil revenues from Ship Shoal 182/183 represented approximately 50% of the crude oil and condensate revenues for the royalty properties in 2007 and approximately 51% of such revenues for the nine months ended September 30, 2008. Ship Shoal 182/183 contributed approximately 77% of the revenues from natural gas sales from the royalty properties in 2007 and approximately 42% of such revenues for the nine months ended September 30, 2008. A limited volume of oil production was restored in November 2008, with an average rate of daily oil production from November 20, 2008 through January 31, 2009 of approximately 831 barrels per day. The volume of oil production that can be produced is limited by the amount of gas that is also produced by the oil wells. Production is expected to remain limited until the natural gas pipeline is fully repaired and tested, which is anticipated to occur in the second quarter of 2009, but which is also in the control of the pipeline owner. There may also be related regulatory approval requirements that must be satisfied before gas transportation may commence. At this point in time, there can be no assurance as to when, or if at all, gas production may be restored at Ship Shoal 182/183.

Future distributions are likely to be severely impacted, by both reduced production and increased expenditures required to remediate, repair and, perhaps, restore platforms and wells. Future net proceeds from the royalty properties may take into account the Trust’s share of project costs and other related expenditures that are not covered by insurance of the operators of the royalty properties. If development and production costs of the royalty exceed the proceeds of production from the royalty properties, the Trust will not receive net proceeds until future proceeds from production exceed the total of the excess costs plus accrued interest. Development activities may not generate sufficient additional revenue to repay the costs. Accordingly, there may not be sufficient net proceeds from the royalty properties to make a particular distribution. At this time, the ultimate outcome of these matters cannot be determined.

This press release contains forward-looking statements. Although the Managing General Partner of the TEL Offshore Trust Partnership has advised the Trust that the Managing General Partner believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The Working Interest Owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustees of the Trust cannot assure that errors or adjustments by the Working Interest Owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays and costs in connection with repairs or replacements of hurricane-damaged facilities and pipelines, including third-party transportation systems, the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, and other factors described in the Trust’s Form 10-K for 2007 under “Item 1A. Risk Factors” and in the Trust’s Form 10-Q for the quarterly period ended September 30, 2008 under “Item 1A. Risk Factors.” Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.

Contact:

The Bank of New York Mellon Trust Company, N.A.
As Corporate Trustee
Mike Ulrich, 800-852-1422
www.businesswire.com/cnn/tel-offshore.htm

[Soapy Bubbles]

TELOZ

[frenchee]

Dividend, Dividend Yield
$ 4.61, 58.73%

[ligh7]

buy signal eh, it does have a dividend comming up thursday or friday.

[frenchee]

This trust went on a short-term buy signal today...

[frenchee]

Current divy 40.88%...

TEL Offshore Trust (Trust) has a principal asset that consists of a 99.99% interest in the TEL Offshore Trust Partnership (Partnership). Chevron U.S.A., Inc. (Chevron) owns the remaining .01% interest in the Partnership. The Partnership owns an overriding royalty interest (Royalty), equivalent to a 25% net profits interest, in certain oil and gas properties (the Royalty Properties) located offshore Louisiana. The Partnership's interest in the Royalty Properties include East Cameron 354(5), West Cameron 643 unit, Eugene Island 339 non-unit, Eugene Island 339 5500' unit, Eugene Island 339 4500' unit, Eugene Island 342 SW/4, Eugene Island 342 NW/4, Eugene Island 348(7), West Cameron 642, East Cameron 370(8), East Cameron 371, Vermilion 246, West Cameron 41 E/2(9), Ship Shoal 183 N/2, Ship Shoal 183 unit, Ship Shoal 183 F-3, Ship Shoal 183 F-1, Eugene Island 208, Eugene Island 367(10), South Marsh Island 252, South Timbalier 36 and South Timbalier 37



Regards,
frenchee

#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and $EMW (S)

#board-4256 TLT

[frenchee]

5-Year Charts

[frenchee]

Company Scores Remarkable Fundamental Grades -

MG currently has a BUY rating on TEL OFFSHORE TRUST (TELOZ), based on a final overall grade of 85.5 scored by the company's fundamental analysis. TEL OFFSHORE TRUST scores at the 100th percentile among all 5273 U.S. listed equities currently followed by MG. Our present rating dates to March 27, 2008, when it was upgraded from a HOLD. With an overall grade of 85.5, TEL OFFSHORE TRUST is the highest graded company in the Oil & Gas Exploration & Production sub-industry, followed by BMB MUNAI INC (KAZ), with an overall grade of 84.6. Relative to the Oil & Gas Exploration & Production sub-industry which has returned 32.43% in the last six months, the stock has performed poorly, up 22.81%, albeit better than the S&P 500's -5.73%.

Current divy is 38.68%

[DDdollars]

New to da board. Don't mind if I jump in.
Thanks.

[ligh7]

the 'trustee' watches the cash, and pays the dividend every 3 months based

- on the price of oil, and
- the amount of oil in barrels (bbls) produced.

the trustee works for

the Bank of New York Trust Company, N.A.

it lists that at the bottom of the press release/news.

[Land Agent]

h no CEO -- is anyone watching the CASH ?????????

[ligh7]

teloz looks like its on sale today at $17.75 currently, wow! thats quite a deal with a forward dividend yeild of around 2.80 thats a 15.7% yeild per year on the doillar amount invested. very nice.

and no ceo's to deal with, no company to go broke, no debt and low o/s. own a piece of an oil well for next to nothing.

[ligh7]

welcome to the teloz board, plz plz i know people love to ask 'can i buy before the dividend and sell sometime while im on vacation in the congo?' but i'd appreciate it alot if the board wasn't full of posts like that every 3 months around dividend time.

people are still free to post here, im saying im getting tired of these posts on other boards, and its just a suggestion to keep that to a min.

have a great time owning this stock so of the high points i listed in the topic, and im open to charts and pics for the main heading.

low o/s under 5mil shares.
no debt
large dividend
hopefully the share price goes up(to match the dividend to a 10% or so return)