PACIFIC COAST OIL TR UTS - ROYTL STOCK NEWS

The Pacific Coast Oil Trust (OTC: ROYTL) announced no cash distribution to unit holders for record date February 28, 2023, due to insufficient profits generated in December 2022. The Trust's net profits interests have shown a continued downward trend since 2020-2021, raising concerns about its financial viability. Operating income from Developed Properties was approximately $1.8 million, with revenues at $7.7 million against lease operating expenses of $5.7 million. A cumulative net profits deficit of $4.2 million persists. The dissolution of the Trust had been temporarily restrained due to legal actions, but the likelihood of future distributions remains extremely remote.

PACIFIC COAST OIL TRUST (OTC-ROYTL) announced no cash distribution for unitholders as of January 31, 2023. This is due to insufficient income from net profits interests. Despite operating income of $1.4 million in November 2022 with revenues of $3.5 million, lease operating expenses of approximately $1.9 million led to a shortfall in distributions. A cumulative net profits deficit of about $5.6 million remains, impacting future distributions. PCEC's cancellation of the Connection Agreement with Phillips 66 may further affect revenue. The likelihood of distributions remains extremely remote due to ongoing financial challenges.

PACIFIC COAST OIL TRUST (OTC-ROYTL) announced no cash distribution for unitholders due to insufficient monthly income calculated for October 2022. The Trust faces continued financial difficulties, including a cumulative net profits deficit of approximately $6.7 million. A court has temporarily prevented the Trust's dissolution, but future distributions remain unlikely. Operating income was about $1.5 million against $2.2 million in lease operating expenses. PCEC has provided a $1 million letter of credit, which is fully drawn. The cancellation of the Connection Agreement with Phillips 66 poses risks to crude oil transportation and revenue.

PACIFIC COAST OIL TRUST (OTC-ROYTL) has announced no cash distribution for unitholders for the record date of November 30, 2022, due to insufficient monthly income. A court has temporarily restrained the Trust's dissolution pending arbitration on legal claims against Pacific Coast Energy Company (PCEC). Current month's revenues from Developed Properties were approximately $3.5 million, with lease operating expenses of $2.1 million. The Trust's cumulative net profits deficit has decreased to $7.9 million. PCEC has provided a $1 million credit line, now fully drawn, to cover administrative expenses.

PACIFIC COAST OIL TRUST (OTC-ROYTL) announced no cash distribution for its units of beneficial interest due to insufficient profits from its net profits interests and overriding royalty interest for August 2022. Despite a $2.1 million operating income from Developed Properties and a cumulative net profits deficit of $8.9 million, the likelihood of future distributions remains remote. Additionally, PCEC has fully drawn down a $1 million letter of credit and will need to loan funds to cover a $19,000 shortfall. The Trust is also facing challenges after the cancellation of a key pipeline agreement.

PACIFIC COAST OIL TRUST (OTC–ROYTL) announced no cash distribution to unit holders as of September 30, 2022, due to insufficient monthly income resulting from net profits interests. A court's temporary restraining order has prevented the Trust's dissolution, but the likelihood of future distributions remains extremely remote. Current operating income was around $2.3 million, while revenues totaled approximately $4.4 million. A recent cancellation of the Connection Agreement with Phillips 66 may further adversely affect financial performance and revenue generation.

PACIFIC COAST OIL TRUST (OTC-ROYTL) announced no cash distribution for unitholders for August 2022 due to insufficient income from net profits interests. Operating income was approximately $2.4 million, with revenues of $4.5 million. The cumulative net profits deficit for Developed Properties decreased by approximately $1.9 million to $12.4 million. A court ordered a temporary restraining order preventing the Trust's dissolution, but the likelihood of future distributions remains extremely remote. PCEC is providing a $1 million letter of credit to support administrative expenses.

PACIFIC COAST OIL TRUST (ROYTL) announced no cash distribution for units of beneficial interest for July 27, 2022, due to insufficient profits from net interests. A temporary restraining order has postponed the anticipated dissolution of the Trust. The Trust reported operating income of approximately $2.4 million for May 2022. Although oil prices are higher, the cumulative net profits deficit decreased to $14.3 million. PCEC provided a $1 million letter of credit, which has been fully drawn down, leading to significant shortfalls. Future distributions remain highly uncertain due to outstanding debts and administrative costs.

PACIFIC COAST OIL TRUST (OTC-ROYTL) announced no cash distribution for unit holders as of June 27, 2022, due to insufficient net profits in April 2022. Operating income was approximately $2.1 million, with revenues of $4.0 million offset by expenses. A cumulative net profits deficit of about $16.3 million was reported. There is a legal challenge preventing the Trust's dissolution, and the likelihood of future distributions is minimal. The Trust's financial health remains under scrutiny, with reliance on loans from Pacific Coast Energy Company, which now totals around $3.4 million.