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ROYTL - No November distribution from Pacific Coast Oil Trust
Pacific Coast Oil Trust Units of Beneficial Interest
Pacific Coast Oil Trust (ROYTL) says it will not pay a cash distribution to unitholders for November.The Current Month’s distribution calculation for the Developed Properties resulted in $0.05M of operating loss.Revenues from the Developed Properties were $1.5M, lease operating expenses including property taxes were $1.6M, and development costs were ~$1,200.The average realized price for the Developed Properties was $38.19 per Boe for the Current Month, as compared to $40.57 per Boe in August 2020.