VOC Energy Trust (NYSE: VOC) announced a Trust distribution, which relates to net profits generated during the payment period ended September 30, 2011.
Unitholders of record on October 31, 2011 will receive a distribution amounting to $9,520,000 or $0.56 per unit payable November 15, 2011.
Volumes, price and net profits for the payment period were:
|Proceeds (per BOE)||$||80.97|
|Percentage applicable to Trust’s 80%|
|Net Profits Interest||$||9,721,138|
|Cash reserve held by VOC Brazos Energy Partners, L.P.||$||-|
|Total cash proceeds available for the Trust||$||9,721,138|
|Provision for estimated Trust expenses||$||(201,138||)|
|Net cash proceeds available for distribution||$||9,520,000|
VOC Energy Trust is a Delaware statutory trust formed by VOC Brazos Energy Partners, L.P. to own a term net profits interest representing the right to receive 80% of the net proceeds from the sale of production from substantially all of the interests in oil and natural gas properties in the states of Kansas and Texas held by VOC Brazos Energy Partners, L.P. as of the date of the conveyance of net profits interest to the Trust.