MV Oil Trust Announces Trust First Quarter Distribution
MV Oil Trust MVO announced the Trust distribution of Net Profits for the first quarterly payment period ended March 31, 2012.
Unitholders of record on April 16, 2012 will receive a distribution amounting to $11,730,000, or $1.02 per unit, payable April 25, 2012.
Volumes, price and Net Profits for the payment period were:
Volume (BOE +0.53%, news) 228,397
Proceeds (per BOE) $93.07
Gross Proceeds $21,257,715
Costs $6,081,086
Net Profits $15,176,629
Percentage applicable to Trust’s 80%
Net Profits Interest $12,141,303
MV Partners reserve for capital expenditures ($250,000)
Total cash proceeds available for the Trust $11,891,303
Provision for estimated Trust expenses ($161,303)
Net cash proceeds available for distribution $11,730,000
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