Pacific Coast Oil Trust (NYSE:ROYT) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
On December22, 2016, Pacific Coast Oil Trust issued a press
release announcing there will be no cash distribution to the
holders of its units of beneficial interest of Pacific Coast Oil
Trust in January2017 and Discusses Termination Provision. A copy
of the press release is furnished as Exhibit99.1 hereto and is
incorporated herein by reference.
to General Instruction B.2 of Form8-K and Securities and Exchange
Commission Release No.33-8176, the press release attached as
Exhibit99.1 is not filed for purposes of Section18 of the
Securities Exchange Act of 1934, as amended, is not subject to
the liabilities of that section and is not deemed incorporated by
reference in any filing under the Securities Act of 1933, as
amended, but is instead furnished for purposes of that
instruction.
Item 9.01 Financial Statements and Exhibits.
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(d) |
Exhibits. |
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Exhibit99.1 Pacific Coast Oil Trust Press Release dated |
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. Pacific Coast Oil Trust (NYSE:ROYT) Recent Trading Information
Pacific Coast Oil Trust (NYSE:ROYT) closed its last trading session up +0.01 at 1.02 with 505,391 shares trading hands.
