Message #9 From:
NewsBot Date: December 20, 2005 09:59:00 AM
MOSH News Mesa Offshore Trust Announces Trust Income for December 2005
AUSTIN, Texas--(BUSINESS WIRE)--Dec. 20, 2005--Mesa Offshore Trust (OTCBB:MOSH) announced that there will be no Trust income distribution for the month of December 2005 for Unitholders of record on December 31, 2005.
Royalty income will total approximately $305,000, and Trust expenditures will be approximately $119,000. The Trust will withhold the difference to recoup expenses incurred by the Trust during prior periods in which there was no royalty income and to increase the reserve for Trust expenses. As of November 30, 2005, the reserve for Trust expenses, excluding interest receivable, was approximately $1,651,720.
The extent of future distributions from the properties in which the Trust has an interest will continue to be dependent on normal factors associated with oil and gas operations such as oil and gas production levels, prices and associated cost, accruals for future abandonment costs, timing and extent of capital expenditures.
