PACIFIC COAST OIL TR UTS - ROYTL STOCK NEWS

The Pacific Coast Oil Trust (OTC: ROYTL) announced no cash distribution for unitholders as of March 28, 2022, due to insufficient net profits in January 2022. A court has temporarily restrained the Trust's dissolution until arbitration can rule on claims against Pacific Coast Energy Company (PCEC). Operating income from Developed Properties was $1.4 million, with revenues around $3.4 million, yet expenses exceeded revenues, leading to a $17,000 shortfall. The likelihood of future distributions is deemed extremely remote due to a cumulative net profits deficit of approximately $19.9 million.

The Pacific Coast Oil Trust (OTC-ROYTL) announced no cash distribution for unit holders as of February 28, 2022, due to insufficient net profits from its operations in December 2021. The Trust is currently under a temporary restraining order to prevent dissolution while legal proceedings with Evergreen Capital Management are pending. The operating income for the Developed Properties was approximately $602,000, with cumulative net profits deficits remaining high at $21 million. Future distributions appear extremely unlikely due to ongoing financial challenges and potential asset retirement obligations.

PACIFIC COAST OIL TRUST (OTC-ROYTL) announced no cash distribution for unit holders due to insufficient net profits from its interests in Developed and Remaining Properties. Operating income was approximately $1.2 million, with revenues of $3.3 million and lease expenses of $2.0 million. Cumulative net profits deficit for Developed Properties decreased to $21.1 million. A court has temporarily prevented the Trust's dissolution, but future distributions are considered highly unlikely. A $1 million letter of credit has been drawn fully, and further loans from PCEC may lead to a total of approximately $3.1 million in borrowings.

The Pacific Coast Oil Trust (ROYTL) has announced no cash distribution for unitholders as of December 27, 2021, due to insufficient net profits from its operations in October 2021. The Trust's operating income was approximately $1.6 million with total revenues of about $3.4 million. However, lease operating expenses reached $1.8 million, leading to a cumulative net profits deficit of about $22 million. The Trust's ability to provide distributions in the future is highly unlikely, with potential termination looming if annual proceeds fall below $2 million.

PACIFIC COAST OIL TRUST (OTC Pink: ROYTL) announced no cash distribution for unitholders of record on November 19, 2021, due to insufficient profits from net interests. With operating income at $1.5 million and revenues of $2.9 million, the Trust reported a cumulative deficit of $23.3 million from Developed Properties. The likelihood of future distributions is extremely remote, with the Trust expected to cease operations by year-end 2021 if profits remain low. PCEC has provided a $1 million letter of credit to support expenses, but has drawn it down entirely.

PACIFIC COAST OIL TRUST (OTC Pink: ROYTL) announced no cash distribution to unitholders for October 22, 2021, due to insufficient net profits from its interests. The Trust's operating income was approximately $838,000, with revenues at $2.7 million and expenses of $1.7 million. Cumulative net profits deficit for Developed Properties slightly declined to $24.1 million. The Trust faces potential termination by year-end 2021 if income does not improve. A $1 million letter of credit is fully drawn, leading to PCEC loans covering an ongoing shortfall of $91,000. The outlook for future distributions remains extremely remote.

PACIFIC COAST OIL TRUST (OTC Pink–ROYTL) announced no cash distribution for unitholders of record on September 24, 2021, due to insufficient net profits for July 2021. The trust may terminate by year-end if income remains inadequate. The cumulative net profits deficit slightly declined to approximately $24.8 million. Revenue from developed properties reached about $3.0 million while lease operating expenses were approximately $1.8 million. PCEC has provided a $1 million letter of credit and will loan funds to cover a shortfall, increasing outstanding borrowings to about $2.73 million.

PACIFIC COAST OIL TRUST (OTC Pink–ROYTL) has announced no cash distribution to unitholders for August 30, 2021, due to insufficient net profits from June 2021. The Trust may terminate by year-end if income remains inadequate. Operating income was approximately $1.1 million, with revenues of $2.8 million and lease expenses at $1.7 million. The cumulative net profits deficit decreased slightly to $25.5 million. An existing $1 million letter of credit is fully drawn, necessitating loans from PCEC to cover shortfalls, preventing future distributions until debts are cleared.

The Pacific Coast Oil Trust (OTC Pink–ROYTL) has announced no cash distribution for unitholders as of July 24, 2021, due to insufficient net profits from May 2021. The Trust may face termination by year-end 2021 if financial conditions do not improve. In May, operating income was approximately $1.2 million, with revenues around $2.7 million. Cumulative net profits deficit for Developed Properties decreased to $26.0 million, while Remaining Properties increased by $104,000 to $2.7 million. The Trust's financial viability remains uncertain amid rising costs and low commodity prices.