Eastern American Natural Gas Trust Announces Quarterly Distribution.AUSTIN, Texas -- Eastern American Natural Gas Trust (NYSE NYSE See: New York Stock Exchange :NGT NGT Night NGT National Grid Transco (UK gas transporter) NGT Nominal Group Technique NGT Not Greater Than NGT Next Generation Technology NGT Next Generation Telecom (China) NGT NASA Ground Terminal ) announced today that its estimated distributable income for the quarter ended December 31, 2006 is $.4544 per Depository Unit. Based on the amount of distributable income for the quarter, the Trust anticipates that it will make a cash distribution on or before March 15, 2007 of $.4544 per Depository Unit to holders of record as of the close of business on February 28, 2007. Eastern American Natural Gas Trust is a grantor trust Grantor trust A mechanism of issuing MBS wherein the mortgages' collateral is deposited with a trustee under a custodial or trust agreement. , which presently holds net profit interests in approximately 650 producing gas wells located in West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. and Pennsylvania. This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are "forward-looking statements" for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unit holders. An investment in Units issued by Eastern American Natural Gas Trust is subject to the risks described in the Trust's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2005, its Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. for the quarters ended March 31, 2006, June 30, 2006 and September 30, 2006 and all of its other filings with the Securities and Exchange Commission. The Trust's annual, quarterly and other filed reports are available over the Internet at the SEC's web site at http://www.sec.gov. |
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