Sunday, January 08, 2012 3:55:08 PM
Fri January 6, 2012 4:15 PM | about: MVO
AUSTIN, Texas--(BUSINESS WIRE)-- MV Oil Trust (MVO) announced the Trust distribution of Net Profits for the fourth quarterly payment period ended December 31, 2011.
Unitholders of record on January 17, 2012 will receive a distribution amounting to $9,545,000 or $0.83 per unit payable January 25, 2012. Volumes, price and Net Profits for the payment period were:
Volume (BOE) 230,593
Proceeds (per BOE) $ 82.22
Gross Proceeds $ 18,960,506
Costs $ 6,892,346
Net Profits $ 12,068,160
Percentage applicable to Trusts 80%
Net Profits Interest $ 9,654,528
Total cash proceeds available for the Trust $ 9,654,528
Provision for estimated Trust expenses
($109,528)
Net cash proceeds available for distribution $ 9,545,000
This press release contains forward-looking statements. Although MV Partners, LLC has advised the Trust that MV Partners, LLC 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 announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, and other risk factors described in the Trusts Form 10-K for the year ended December 31, 2010 filed with the Securities and Exchange Commission. 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.
MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Mike Ulrich, 512-236-6599
Source: MV Oil Trust
Copyright Business Wire 2012
Recent MVO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:13:14 PM
- MV Oil Trust Announces Trust First Quarter Distribution • Business Wire • 04/05/2024 08:15:00 PM
- MV Oil Trust Files 2023 Annual Report on Form 10-K • Business Wire • 03/21/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 09:15:04 PM
- MV Oil Trust Announces Trust Fourth Quarter Distribution • Business Wire • 01/05/2024 09:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:15:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 08:15:52 PM
- MV Oil Trust Announces Trust Third Quarter Distribution • Business Wire • 10/05/2023 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 08:11:44 PM
- MV Oil Trust Announces Trust Second Quarter Distribution • Business Wire • 07/05/2023 08:15:00 PM
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM