VOC Energy Trust Announces Trust Quarterly Distribution - Seite 2

$

3,553,191

 

Production and property taxes

 

 

657,484

 

Development expenses

 

 

295,971

 

Total costs

 

$

4,506,646

 

Net proceeds

 

$

4,733,939

 

Percentage applicable to Trust’s Net Profits Interest

 

80

%

Net profits interest

 

$

3,787,151

 

Increase in cash reserve held by VOC Brazos Energy Partners, L.P.

 

 

0

 

Total cash proceeds available for the Trust

 

$

3,787,151

 

Provision for current estimated Trust expenses

 

 

(217,151

)

Net cash proceeds available for distribution

 

$

3,570,000

 

This press release contains forward-looking statements. Although VOC Brazos Energy Partners, L.P. (“VOC Brazos”) has advised the Trust that VOC Brazos believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended June 30, 2023. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.

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The VOC Energy Trust Units of Benef Interest Stock at the time of publication of the news with a fall of -3,06 % to 8,56USD on NYSE stock exchange (20. Juli 2023, 22:00 Uhr).