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Pacific Coast Oil Trust ROYTL

Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (PCEC). The Trust is engaged in acquiring and holding net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The Underlying Properties consist of producing and non-producing interests in oil units, wells and lands located onshore in California in the Santa Maria Basin, which contains PCEC's Orcutt properties, and the Los Angeles Basin, which contains PCEC's West Pico, East Coyote and Sawtelle properties. The Santa Maria Basin consists primarily of oil reserves and prospects. Its East Coyote property consists of approximately 46 producing wells, and 14 waterflood injection wells.


GREY:ROYTL - Post by User

Bullboard Posts
Comment by Gardner555on Feb 28, 2015 3:37pm
230 Views
Post# 23476074

RE:Pacific Coast Oil Trust

RE:Pacific Coast Oil TrustAnyone out there..
Have been waiting a year or more for an opportunity like this oil crash.  Will be considering ROYT for an investment... Just think oil will stay down for longer and ROYT still seems expensive as distribution seems like it will be cut to almost 0.

Post if you are sniffing around this one...
Gardner555
Bullboard Posts