Permianville Royalty Trust (PVL)

[gnillish_00]

I was disappointed that they didn't talk about the administrative advance in previous monthly reports, though going back and re-reading the 10-Q it was there so my fault for missing it.

That sets us back a month.

Looking at the numbers, we posted $600k which finished paying off the deficit plus $100k of the admin advance leaving $600k to pay back before distributions resume. Oil production was up about 5000 barrels as was price we got for the oil. July report should show another increase in production and another step up in oil prices. Nat gas should also improve marginally. I am expecting to see somewhere between $750k and $900k leaving us $150-300k for distributions in July or about .004-009/share. Not .027 great, but not a bad start with what looks to be a very good second half stacking up.