MARINE PETROLEUM TRUST ANNOUNCES THIRD QUARTER CASH DISTRIBUTION

Core Viewpoint - Marine Petroleum Trust declared a quarterly cash distribution of $0.094886 per unit, which is an increase from the previous quarter but lower than the same quarter in 2023 [1][2]. Distribution Details - The distribution of $0.094886 per unit is higher than the $0.055961 per unit distributed last quarter [2]. - This distribution is lower than the $0.121831 per unit distributed in the comparable quarter in 2023 [2]. - The distribution is payable on September 30, 2024, to unitholders of record on August 30, 2024 [1]. Production and Pricing Insights - Volumes of both oil and natural gas produced have increased compared to the last quarter [2]. - The volume of oil produced decreased this year compared to the same quarter in 2023, while natural gas production increased [2]. - Prices realized for both oil and natural gas have increased compared to the same quarter in 2023 [2]. Royalty Information - Marine's distributions to unitholders are determined by royalties received up to the date the distribution amount is declared [3]. - Generally, royalties are received two months after oil production and three months after natural gas production [3].