Pacific Coast Oil Trust (the “Trust”) (NYSE: ROYT), a perpetual royalty
trust formed by Pacific Coast Energy Company LP (“PCEC”), announced
today it will visit the New York Stock Exchange to ring The Opening
Bell® on Tuesday, May 21, 2013, to celebrate the Trust’s one year
anniversary since completing its initial public offering on May 8, 2012.
CEO Randall Breitenbach and President Halbert Washburn, joined by
members of PCEC’s management team responsible for the Trust, will ring
The Opening Bell to celebrate the occasion.
Randall Breitenbach, CEO, said: “This month marks the one year
anniversary of Pacific Coast Oil Trust as a publicly traded trust. Over
the past year, the Trust’s assets have continued to deliver predictable
results as demonstrated by the consistency of the monthly distributions
paid to our unitholders since June 2012. The California-based, perpetual
Trust holds interests in high quality oil assets that have long
producing histories, well-established production profiles, and
attractive development potential. These assets are owned and managed by
PCEC, whose management team has over 25 years in the oil exploitation
and production industry. When we ring the bell, we will be sharing the
celebration of our past and future successes with all those who have
supported us.”
The Opening Bell will ring at 9:30 a.m. Eastern time and can be viewed
live on the NYSE’s website at https://nyse.nyx.com/the-bell/todays-bells-live.
Photos and video of the NYSE Bell Ringing Ceremony will be available,
courtesy of the NYSE, on Facebook--NYSEEuronext, Twitter at http://twitter.com/NYSEEuronext
and on the NYSE YouTube Channel -- nysetv1.
About Pacific Coast Oil Trust
Pacific Coast Oil Trust is a Delaware statutory perpetual trust formed
by Pacific Coast Energy Company LP through a conveyance of interests in
California onshore oil properties located in the Santa Maria and Los
Angeles Basins. PCEC owns the underlying properties from which these net
profits interests were conveyed. The underlying properties consist of
proved developed reserves and development potential. For more
information about Pacific Coast oil Trust, please visit www.pacificcoastoiltrust.com.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains forward-looking statements. All statements,
other than statements of historical facts, included in this press
release that address activities, events or developments that the Trust
expects, believes or anticipates will or may occur in the future are
forward-looking statements. These statements are based on certain
assumptions made by the Trust based on management's experience and
perception of historical trends, current conditions, anticipated future
developments and other factors believed to be appropriate. Such
statements are not guarantees of future performance and are subject to
certain risks, uncertainties and other factors, some of which are beyond
our control and are difficult to predict. Therefore, actual outcomes and
results may differ materially from what is expressed or forecasted in
such forward-looking statements. The reader should not place undue
reliance on these forward-looking statements, which speak only as of the
date of this press release. Unless legally required, Pacific Coast Oil
Trust undertakes no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise. Unpredictable or unknown factors not discussed herein also
could have material adverse effects on forward-looking statements. See
"Risk Factors" in the Trust's Annual Report filed on Form 10-K and other
public filings and press releases.
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