PACIFIC COAST OIL TRUST (NYSE: ROYT) (the "Trust") a perpetual royalty trust formed by Pacific Coast Energy Company LP ("PCEC"), announced today that there will be no cash distribution to the holders of its units of beneficial interest of record on December 14, 2016. The Trust's distribution calculation relates to net profits and overriding royalties generated during October 2016 as provided in the conveyance of net profits and overriding royalty interest. The current month's calculation for the Developed Properties resulted in $425,000 of revenues less direct operating expenses and development costs. The current month's revenues were $3.1 million, lease operating expenses including property taxes were $2.4 million, and capital expenditures were $325,000. Average realized prices for the Developed Properties were $46.46 per Boe in October, as compared to $42.00 per Boe in September. The cumulative net profits deficit of $257,000 for the Developed Properties in the month of September was reduced to zero during the month of October and resulted in net profits of $83,000 from the Developed Properties. The current month's calculations included $51,000 for the 7.5% overriding royalty on the Remaining Properties from Orcutt Diatomite and Orcutt Field. Average realized prices for the Remaining Properties were $41.91 per Boe in October, as compared to $37.62 per Boe in September. The cumulative net profits deficit for the Remaining Properties, including the 7.5% overriding royalty payments, decreased $29,000 and remains at $2.1 million. The current month's cash flow before repayment of a portion of amounts borrowed from PCEC under the promissory note entered into in February 2016 was $46,000, reflecting $83,000 in income from the Developed Properties and $51,000 in income from the 7.5% overriding royalty on the Remaining Properties partially offset by $88,000 for the monthly operating and services fee payable to PCEC. The current month's cash flow will pay down amounts previously borrowed from PCEC and is expected to reduce the cumulative borrowings from PCEC, including interest, to $1,132,450 in December 2016.