Message #10 From:
NewsBot Date: July 21, 2006 10:57:00 AM
MOSH News Mesa Offshore Trust Announces No Trust Income for July 2006
AUSTIN, Texas--(BUSINESS WIRE)--July 21, 2006--Mesa Offshore Trust (OTCBB:MOSH) announced that there will be no Trust income distribution for the month of July 2006 for Unitholders of record on July 31, 2006.
Royalty income will total approximately $24,000 and Trust expenditures will be approximately $142,000. Trust expenditures in excess of royalty income received will reduce the Trust's reserve for Trust expenses. As of June 30, 2006 the reserve for Trust expenses, excluding interest receivable, was approximately $1,292,000.
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.
