PACIFIC COAST OIL TRUST (NYSE:ROYT) (the “Trust”) a perpetual royalty trust, announced today a cash distribution to the holders of its units of beneficial interest of $0.13084 per unit, payable on December 13, 2013, to unitholders of record on December 5, 2013. The Trust’s distribution relates to net profits and overriding royalties generated during October 2013 as provided in the conveyance of net profits and overriding royalty interest. This month’s distribution of $5.0 million is lower than the previous month ($0.13084 per unit vs. $0.14756 per unit) principally due to lower average realized oil prices, higher capital expenditures and higher lease operating expenses, partially offset by higher production. Average realized prices were $93.94, or 6% lower than prior month. Production was approximately 3% higher than September due to one additional day of production. The current net profits amount from the Developed Properties was approximately $5.0 million, after receipt by PCEC from its counterparties of $0.3 million related to the settlement of applicable hedge contracts during the period. The current month’s capital expenditures for the Developed Properties were $0.9 million compared to $0.6 million from the prior month. The current month’s lease operating expenses, including property taxes, were $3.5 million compared to $3.3 million from prior month due to increased well work at Orcutt Field and West Pico. The current month’s distribution also includes $0.2 million for the 7.5% overriding royalty on the Remaining Properties which produced 27,730 Boe from 37 Orcutt Diatomite wells and two Orcutt Field wells. The cumulative deficit of the net profits interest on the Remaining Properties, including the 7.5% overriding royalty payments, increased from $3.4 million to approximately $3.6 million during the month. Trust administrative expenses and the monthly operating and services fee payable to PCEC totaled approximately $0.1 million and were deducted in the calculation of the total distribution.