VOC Energy Trust(US:VOC)2024-10-17 20:15Financial Performance - VOC Energy Trust announced a quarterly distribution of net profits amounting to $3,060,000 or $0.18 per unit, payable on November 14, 2024[1]. - Total gross proceeds from oil and natural gas sales were $8,746,955, with oil sales contributing $8,570,477 and natural gas sales contributing $176,478[1]. - Net proceeds available for distribution after costs were $3,060,000, following a provision for current estimated Trust expenses of $182,523[1]. - The Trust's net profits interest was calculated at $3,242,523, representing 80% of the net profits interest applicable to the Trust[1]. Sales and Production - Total sales volumes for the quarter ended September 30, 2024, included 113,737 barrels of oil and 65,152 Mcf of natural gas, totaling 124,596 BOE[1]. - Average sales prices were $75.35 per barrel for oil and $2.71 per Mcf for natural gas[1]. Costs and Expenses - Total costs incurred during the quarter were $4,693,801, which included lease operating expenses of $3,548,505 and development expenses of $947,562[1]. Distribution and Cash Flow - The Trust's distribution is based on cash received or expected to be received from underlying properties prior to the record date[2]. - The Trust cautions that actual cash receipts may differ from expectations, which could affect the distributable amount[2]. - VOC Energy Trust does not intend to update any statements included in the press release[2].