Pacific Coast Oil Trust (NYSE:ROYT) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
On December19, 2018, Pacific Coast Oil Trust (the “Trust”) issued a press release announcing its intention to establish cash reserves. A copy of the press release is furnished as Exhibit99.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Pacific Coast Oil Trust Exhibit
EX-99.1 2 a18-41842_1ex99d1.htm EX-99.1 Exhibit 99.1 Pacific Coast Oil Trust Announces Planned Establishment of Cash Reserve Pacific Coast Oil Trust The Bank of New York Mellon Trust Company,…
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About Pacific Coast Oil Trust (NYSE:ROYT)
Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (PCEC). The Trust is engaged in acquiring and holding net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The Underlying Properties consist of producing and non-producing interests in oil units, wells and lands located onshore in California in the Santa Maria Basin, which contains PCEC’s Orcutt properties, and the Los Angeles Basin, which contains PCEC’s West Pico, East Coyote and Sawtelle properties. The Underlying Properties consist of the proved developed reserves referred to as the Developed Properties and all other development potential on the Underlying Properties, which are referred to as the Remaining Properties. Production from the Developed Properties attributable to the Trust is produced from wells that, because they have already been drilled and require limited additional capital expenditures.
