Enduro Royalty Trust Announces Monthly Net Profits Interest Calculation - Seite 2

The following table displays the net profits interest calculation for the current month and the resulting shortfall in net profits:

Gross profits:
Oil cash receipts			$	2,687,323
Natural gas cash receipts				792,296
Total				3,479,619
Costs:
Direct operating expenses:
Lease operating expenses				2,037,000
Compression, gathering and transportation				161,000
Production, ad valorem and other taxes				288,000
Development expenses				1,505,000
Total				3,991,000
Net profits shortfall attributable to underlying properties				(511,381	)
Percentage allocable to net profits interest				80	%
Net profits shortfall to Trust from net profits interest				(409,105	)
Net profits shortfall carryforward from prior month				(12,262	)
Cumulative net profits shortfall to Trust from net profits interest				(421,367	)

The cumulative shortfall in net profits will be deducted from any net profits in next month’s net profits interest calculation. At this time, Enduro anticipates that capital development expenses in next month’s distribution calculation will be minimal, totaling less than $0.1 million.