Pacific Coast Oil Trust Reports Earnings Results for the Month of October 2017
November 30, 2017 at 04:17 pm EST
Pacific Coast Oil Trust reported earnings results for the month of October 2017. For the period, the company’s current month’s revenues were $3.9 million, lease operating expenses including property taxes were $2.5 million and capital expenditures were $0.6 million. Net profits for the Developed Properties were $0.7 million. The cumulative net profits deficit for the Remaining Properties, including the 7.5% overriding royalty payments, decreased $28,000 and totals $1.7 million. The net cash flow available for distribution to the holders of units of beneficial interest is approximately $0.6 million.