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 $0.12574 per unit, payable on March 14, 2014, to unitholders of record on March 6, 2014. The Trust’s distribution relates to net profits and overriding royalties generated during January 2014 as provided in the conveyance of net profits and overriding royalty interest. This month’s distribution of $4.9 million is 6% lower than the previous month ($0.12574 per unit vs. $0.13396 per unit) principally due to lower average realized oil prices and lower production, partially offset by lower lease operating expenses and lower capital expenditures. Average realized prices were $92.94, which was 1% lower than the prior month. Production was approximately 7% lower than December due to temporary operational issues at Orcutt Field. The current net profits amount from the Developed Properties was approximately $4.8 million, after receipt by PCEC from its counterparties of $0.5 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 $3.6 million compared to $4.0 million from prior month. The current month’s capital expenditures for the Developed Properties were $0.7 million compared to $0.8 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 24,089 Boe from 38 Orcutt Diatomite wells and three Orcutt Field wells. The cumulative deficit of the net profits interest on the Remaining Properties, including the 7.5% overriding royalty payments decreased by approximately $0.1 million in the current month and is now at $3.2 million. 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.