DALLAS, Nov. 17, 2017 /PRNewswire/ -- Marine
Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a
quarterly cash distribution to the holders of its units of
beneficial interest of $0.053238 per
unit, payable on December 28, 2017,
to unitholders of record on November
30, 2017. Marine's cash distribution history, current
and prior year financial reports, a link to filings made with the
Securities and Exchange Commission and more can be found on its
website at http://www.marps-marine.com/.
This distribution of $0.053238 per
unit is lower than the $0.126284 per
unit distributed last quarter. As compared to the previous quarter,
the volume of both oil and natural gas produced and included in the
current distribution have decreased, while the prices for oil and
natural gas produced and included in the current distribution have
increased. This distribution is lower than the $0.091087 per unit distributed in the comparable
quarter in 2016. As compared to the comparable quarter in
2016, the price of oil and the volume of both oil and natural gas
produced and included in the current distribution have decreased,
while the price of natural gas produced and included in the current
distribution slightly increased.
Marine's distributions to unitholders are determined by
royalties received up to the date the distribution amount is
declared. In general, Marine receives royalties two months after
oil production and three months after natural gas production.
Contact:
|
Ron E.
Hooper
|
|
SVP, Royalty Trust
Services
|
|
Southwest Bank,
Trustee
|
|
Toll Free –
1.855.588-7839
|
View original
content:http://www.prnewswire.com/news-releases/marine-petroleum-trust-announces-fourth-quarter-cash-distribution-300558131.html
SOURCE Marine Petroleum Trust