Pacific Coast Oil Trust (OTC-ROYTL) announced no cash distribution for holders of beneficial interest for the month of October 2025.
Monthly payments from PCEC may not cover administrative expenses and debt, impacting future distributions.
Trust to be dissolved as proceeds did not meet minimum requirements in 2020 and 2021.
No Cash Distribution
No cash distribution for unit holders based on net profits calculation for October 2025.
Dissolution Risk
Likelihood of distributions in the future is extremely remote; trust may be dissolved and wound-up.
Whistleblower Allegations
Employee filed complaint against PCEC alleging false data reporting and violations of law.
- Operational income for Developed Properties in Current Month: $34,000.
- Net profits deficit for Developed Properties increased to approximately $11.8 million.
- Realized price per Boe decreased from $56.53 in Prior Month to $48.81 in Current Month.
The ongoing legal issues and financial challenges faced by Pacific Coast Oil Trust raise concerns about future operations and shareholder returns.