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MV Oil Trust Announces Trust Third Quarter Distribution

MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the quarterly payment period ended September 30, 2022.

Unitholders of record on October 17, 2022 will receive a distribution amounting to $7,877,500 or $0.685 per unit payable October 25, 2022.

Volumes, average price and net profits for the payment period were:

Volume (BOE)

 

 

163,043

 

Average price (per BOE)

 

$

97.16

 

Gross proceeds

 

$

15,841,172

 

Costs

 

$

5,587,580

 

Net profits

 

$

10,253,592

 

Percentage applicable to Trust’s 80%

 

 

Net profits interest

 

$

8,202,874

 

MV Partners reserve for capital expenditures

 

$

--

 

Total cash proceeds available for the Trust

 

$

8,202,874

 

Provision for current estimated Trust expenses

 

$

(219,957

)

Amount withheld for future Trust expenses

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Disclaimer

MV Oil Trust Announces Trust Third Quarter Distribution MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the quarterly payment period ended September 30, 2022. Unitholders of record on October 17, 2022 will receive a distribution amounting to $7,877,500 or $0.685 per unit …

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