PACIFIC COAST OIL TRUST (NYSE:ROYT) (the “Trust”), a perpetual royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today a cash distribution to the holders of its units of beneficial interest of $0.13396 per unit, payable on February 14, 2014, to unitholders of record on February 5, 2014. The Trust’s distribution relates to net profits and overriding royalties generated during December 2013 as provided in the conveyance of net profits and overriding royalty interest. This month’s distribution of $5.2 million is 4% higher than the previous month ($0.13396 per unit vs. $0.12833 per unit) principally due to higher average realized oil prices and higher production, which was slightly offset by higher lease operating expenses and higher capital expenditures. Average realized prices were $93.62, or 3% higher than prior month. Production was approximately 3% higher than November due to one additional day of production. The current net profits amount from the Developed Properties was approximately $5.1 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 lease operating expenses for the Developed Properties, including property taxes, were $4.0 million compared to $3.5 million from prior month. The current month’s capital expenditures for the Developed Properties were $0.8 million compared to $0.7 million from the prior month. The current month’s distribution also includes $0.2 million for the 7.5% overriding royalty on the Remaining Properties which produced 23,319 Boe from 38 Orcutt Diatomite wells and four Orcutt Field wells. The cumulative deficit of the net profits interest on the Remaining Properties, including the 7.5% overriding royalty payments, decreased from $3.4 million to approximately $3.3 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.