Mesa Offshore Trust Announces No Trust Income for August 2006.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 -- Mesa Offshore Trust (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MOSH mosh v. moshed, mosh·ing, mosh·es v.intr. To knock against others intentionally while dancing at a rock concert; slam-dance. v.tr. ) announced that there will be no Trust income distribution for the month of August 2006 for Unitholders of record on August 31, 2006. Royalty income will total approximately $7,000 and Trust expenditures will be approximately $65,000. Trust expenditures in excess of royalty income received will reduce the Trust's reserve for Trust expenses. As of July 31, 2006 the reserve for Trust expenses, excluding interest receivable, was approximately $1,176,000. 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 Accruals Accounts on a balance sheet that represent liabilities and non-cash-based assets used in accrual-based accounting. These accounts include, among many others, accounts payable, accounts receivable, goodwill, future tax liability and future interest expense. for future abandonment costs, timing and extent of capital expenditures. |
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