Replies to post #115147 on MATRIX Penny Stocks

[Crumbster]

HBP

[huffandpuff]

PBT 13.5M float + eps @.738/share with a .0778 Div.? Believe it or not an increase due to OIL AND GAS?

Royalty Trust Announces July Cash Distribution
E-mail or Print this story

16 July 2004, 10:00am ET

DALLAS, July 16 /PRNewswire-FirstCall/ -- Bank of America, N.A., 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 $.077787 per unit, payable on August 13, 2004, to unit holders of record on July 30, 2004.

Mentioned Last Change
PBT 9.92 0.39dollars or (4.09%)
This month's distribution increased from the previous month due to higher oil and gas production in the Waddell Ranch properties, as well as higher average oil and gas prices. Production for Waddell Ranch and the Texas Royalty Properties combined for oil and gas respectively was 63,417 bbls and 273,390 mcf. The average price for oil was $36.77 per bbl and for gas was $5.50 per mcf. This would primarily reflect production for the month of May. Capital expenditures were approximately $719,517. The numbers provided reflect what was net to the Trust

[jon_e_og]

looks like an interesting short to me...