MV Oil Trust Announces Trust Third Quarter Distribution.AUSTIN Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , Texas -- MV Oil Trust (NYSE NYSE See: New York Stock Exchange :MVO MVO Montserrat Volcano Observatory MVO Member of the Royal Victorian Order MVO Mean-Variance Optimization MVO Motor Vehicle Operator MVO Musta Veenuse Ordu (Estonian) MVO Money Value Only MVO Male Voice-Over MVO Market Value Opinion ) announced the Trust distribution of Net Profits for the third quarterly Payment Period ended September September: see month. 30, 2007. Unitholders of record on October 15, 2007 will receive a distribution amounting to $7,519,083 or $.65383330 per unit payable October 25, 2007. Volumes, Price and Net Profits for the Payment Period were: Volume (BOE) < 263,167 Proceeds (BOE) < $58.86 Gross Proceeds < $15,489,826 Costs < $5,278,472 Net Profits < $10,211,354 Percentage applicable to Trust's 80% < Net Profits Interest < $8,169,083 Gross Hedge Proceeds < $-0- Percentage applicable to Trust's 80% < Hedge Proceeds < $-0- Total cash proceeds available for the Trust < $8,169,083 MV Partners Reserve for capital expenditures < $250,000 Provision for estimated Trust expenses < $400,000 Net cash proceeds available for distribution < $7,519,083 This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Although MV Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has advised the Trust that MV Partners, LLC believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, and other factors described in the Trust's 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, 2006 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. |
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