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Re: printmail01 post# 404

Tuesday, 04/29/2008 5:40:43 PM

Tuesday, April 29, 2008 5:40:43 PM

Post# of 1499
Here is a Nat Gas play I have been enjoying > I posted about it while back, it is operating in the FTXN neighborhood , and as opposed to VYEY that is issuing one restrcited share for 4 as a dividend > Permian Basin Trust (PBT), Pays a MONTHLY CASH Dividend for all gas pumped in a previous month. Very intersting play , the dividend should get close to 10% or about .22 share in coming months. IMPO this is very interesting to setup and dispurse natural gas funds IMO - Also very interesting info on the reserves and value of the reserves - I am sure BBB will enjoy :)

The dividend for "February 08" gas sales was .177679 per share. Not bad for a stock trading at about $23.00 share.

Permian Basin Royalty Trust Announces April Cash Distribution and 2008 Reserve Quantities
DALLAS, April 18 /PRNewswire-FirstCall/ -- U.S. Trust, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), today declared a cash distribution to the holders of its units of beneficial interest of $.177679 per unit, payable on May 14, 2008, to unit holders of record on April 30, 2008.

This month's distribution decreased from the previous month due primarily to a slight decrease in production for both Waddell Ranch and the Texas Royalty Properties, as well as slightly lower gas prices. This would primarily reflect production for the month of February. The worldwide market conditions continue to affect the pricing for domestic production. It is difficult to predict what effect these conditions will have on future distributions.

Production for Waddell Ranch and the Texas Royalty Properties combined for
oil and gas respectively was 62,716 bbls and 315,480 mcf. The average price
for oil was $90.73 per bbl and for gas was $9.61 per mcf. Capital
expenditures were approximately $261,975. The numbers provided reflect what
was net to the Trust.



Net to Trust Sales
Volumes Average Price
Oil Gas Oil Gas
(Bbls) (Mcf) (per Bbl) (per Mcf)

Current Month 62,716 315,480 $90.73 $9.61

Prior Month 67,882 307,492 $88.24 $9.94



Permian Basin Royalty Trust, as it does after the end of each year, had a year-end Reserve Report prepared in accordance with the Securities and Exchange Commission's requirements. This report provides an evaluation of the estimated asset value as of December 31 of each year, which can be used to estimate the remaining life of the Trust.

The estimated net proved reserves, as of January 1, 2008, attributable to the Trust from the properties appraised are approximately 7.3 million barrels of oil and 26.3 billion cubic feet of gas with a future net value of approximately $484,372,000 with a discounted value of $265,971,000.

With the estimated quantities of this year's reserve estimate of 7.3 million barrels of oil and 26.3 billion cubic feet of gas remaining, it could be estimated that the Trust still has a life span of 8 to 9 years. The report is an exhibit to the Trust's Annual Report on Form 10-K that was filed on March 14, 2008 and is available to all unitholders at this time on the SEC website.

For additional information, including the latest financial reports on Permian Basin Royalty Trust, please visit our website at http://www.pbt-permianbasintrust.com/.

SOURCE U.S. Trust



Source: PR Newswire (April 18, 2008 - 11:00 AM EDT)
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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