Latest Tel Offshore Trust (TELOZ) Headlines TEL O
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Posted On: 03/11/2014 6:27:52 PM
Latest Tel Offshore Trust (TELOZ) Headlines
TEL Offshore Trust Announces There Will Be No Fourth Quarter 2013 Distribution
Business Wire - Mon Dec 23, 2:45PM CST
TEL OFFSHORE TRUST announced that there will be no trust distribution for the fourth quarter of 2013 for unitholders of record on December 31, 2013. The Trust has not been able to make a distribution to unitholders for twenty consecutive quarters, or since January 9, 2009. Except as disclosed below, the financial and operating information included herein for the Trust's fourth quarter of 2013 reflects financial and operating information with respect to the royalty properties for the months of August, September and October 2013.
TEL Offshore Trust Announces Partial Sale of Royalty Interest
Business Wire - Thu Oct 31, 3:05PM CDT
TEL OFFSHORE TRUST (the "Trust") announced that the TEL Offshore Trust Partnership (the "Partnership") has consummated a partial sale of the Partnership's remaining overriding royalty interest in certain oil and gas properties located offshore Louisiana (the "Royalty Properties"). Upon its formation in 1983, the Partnership received an overriding royalty interest equivalent to a 25% net profit interest in the Royalty Properties. In 2011, the Partnership consummated a sale of 20% of its overriding royalty interest (or 5% of 8/8ths) and retained 80% of the overriding royalty interest (or 20% of 8/8ths). On October 30, 2013, the Partnership consummated the sale of 25% of its remaining overriding royalty interest (or 5% of 8/8ths) and following such sale now holds 60% of the overriding royalty interest (or 15% of 8/8ths). The principal asset of the Trust consists of a 99.99% interest in the Partnership. In turn, the principal asset of the Partnership is the overriding royalty interest. The Trust's source of capital is the Trust's share of the net proceeds from the Royalty Properties under the terms of the overriding royalty interest held by the Partnership.
TEL Offshore Trust Oil & Gas Exploration and Production Operations and Cost Analysis - 2012
M2 - Mon Sep 16, 3:31AM CDT
Summary
TEL Offshore Trust Announces Auction Process for Sale of Royalty Interest
Business Wire - Fri Aug 30, 3:19PM CDT
TEL OFFSHORE TRUST (the "Trust") announced that Chevron U.S.A. Inc. ("Chevron"), as the managing general partner of the TEL Offshore Trust Partnership (the "Partnership"), has commenced a formal auction process for the sale by the Partnership of its overriding royalty interest, or "Royalty," equivalent to a 20% net profits interest, in certain oil and gas properties located offshore Louisiana (the "Royalty Properties"). The principal asset of the Trust consists of a 99.99% interest in the Partnership. In turn, the principal asset of the Partnership is the Royalty. The Trust's source of capital is the Trust's share of the net proceeds from the Royalty Properties under the terms of the Royalty.
DrStockPick Daily Stock Watch TEL Offshore Trust (OTCQB:TELOZ), Crown Equity Holdings, Inc. (OTCQB:CRWE), and Commonwealth Bankshares, Inc. (OTCQB:CWBS)
WorldStockWire - Wed Jul 24, 11:00AM CDT
DrStockPick.com, a division of Crown Equity Holdings Inc. (OTCQB:CRWE) tracks stocks daily and is pleased to offer its hot stock to watch . Our stock focus today is on:
TEL Offshore Trust Announces There Will Be No Second Quarter 2013 Distribution
Business Wire - Fri Jun 28, 3:31PM CDT
TEL OFFSHORE TRUST announced that there will be no trust distribution for the second quarter of 2013 for unitholders of record on June 28, 2013. The Trust has not been able to make a distribution to unitholders for eighteen consecutive quarters, or since January 9, 2009. Except as disclosed below, the financial and operating information included herein for the Trust's second quarter of 2013 reflects financial and operating information with respect to the royalty properties for the months of February, March and April 2013.
TEL Offshore Trust Announces There Will Be No First Quarter 2013 Distribution
Business Wire - Tue Apr 09, 3:15PM CDT
TEL OFFSHORE TRUST announced that there will be no trust distribution for the first quarter of 2013 for unitholders of record on March 31, 2013. The Trust has not been able to make a distribution to unitholders for seventeen consecutive quarters, or since January 9, 2009. The financial and operating information included herein for the Trust's first quarter of 2013 reflects financial and operating information with respect to the royalty properties for the months of November and December 2012 and January 2013.
TEL Offshore Trust Announces There Will Be No Fourth Quarter 2013 Distribution
Business Wire - Mon Dec 23, 2:45PM CST
TEL OFFSHORE TRUST announced that there will be no trust distribution for the fourth quarter of 2013 for unitholders of record on December 31, 2013. The Trust has not been able to make a distribution to unitholders for twenty consecutive quarters, or since January 9, 2009. Except as disclosed below, the financial and operating information included herein for the Trust's fourth quarter of 2013 reflects financial and operating information with respect to the royalty properties for the months of August, September and October 2013.
TEL Offshore Trust Announces Partial Sale of Royalty Interest
Business Wire - Thu Oct 31, 3:05PM CDT
TEL OFFSHORE TRUST (the "Trust") announced that the TEL Offshore Trust Partnership (the "Partnership") has consummated a partial sale of the Partnership's remaining overriding royalty interest in certain oil and gas properties located offshore Louisiana (the "Royalty Properties"). Upon its formation in 1983, the Partnership received an overriding royalty interest equivalent to a 25% net profit interest in the Royalty Properties. In 2011, the Partnership consummated a sale of 20% of its overriding royalty interest (or 5% of 8/8ths) and retained 80% of the overriding royalty interest (or 20% of 8/8ths). On October 30, 2013, the Partnership consummated the sale of 25% of its remaining overriding royalty interest (or 5% of 8/8ths) and following such sale now holds 60% of the overriding royalty interest (or 15% of 8/8ths). The principal asset of the Trust consists of a 99.99% interest in the Partnership. In turn, the principal asset of the Partnership is the overriding royalty interest. The Trust's source of capital is the Trust's share of the net proceeds from the Royalty Properties under the terms of the overriding royalty interest held by the Partnership.
TEL Offshore Trust Oil & Gas Exploration and Production Operations and Cost Analysis - 2012
M2 - Mon Sep 16, 3:31AM CDT
Summary
TEL Offshore Trust Announces Auction Process for Sale of Royalty Interest
Business Wire - Fri Aug 30, 3:19PM CDT
TEL OFFSHORE TRUST (the "Trust") announced that Chevron U.S.A. Inc. ("Chevron"), as the managing general partner of the TEL Offshore Trust Partnership (the "Partnership"), has commenced a formal auction process for the sale by the Partnership of its overriding royalty interest, or "Royalty," equivalent to a 20% net profits interest, in certain oil and gas properties located offshore Louisiana (the "Royalty Properties"). The principal asset of the Trust consists of a 99.99% interest in the Partnership. In turn, the principal asset of the Partnership is the Royalty. The Trust's source of capital is the Trust's share of the net proceeds from the Royalty Properties under the terms of the Royalty.
DrStockPick Daily Stock Watch TEL Offshore Trust (OTCQB:TELOZ), Crown Equity Holdings, Inc. (OTCQB:CRWE), and Commonwealth Bankshares, Inc. (OTCQB:CWBS)
WorldStockWire - Wed Jul 24, 11:00AM CDT
DrStockPick.com, a division of Crown Equity Holdings Inc. (OTCQB:CRWE) tracks stocks daily and is pleased to offer its hot stock to watch . Our stock focus today is on:
TEL Offshore Trust Announces There Will Be No Second Quarter 2013 Distribution
Business Wire - Fri Jun 28, 3:31PM CDT
TEL OFFSHORE TRUST announced that there will be no trust distribution for the second quarter of 2013 for unitholders of record on June 28, 2013. The Trust has not been able to make a distribution to unitholders for eighteen consecutive quarters, or since January 9, 2009. Except as disclosed below, the financial and operating information included herein for the Trust's second quarter of 2013 reflects financial and operating information with respect to the royalty properties for the months of February, March and April 2013.
TEL Offshore Trust Announces There Will Be No First Quarter 2013 Distribution
Business Wire - Tue Apr 09, 3:15PM CDT
TEL OFFSHORE TRUST announced that there will be no trust distribution for the first quarter of 2013 for unitholders of record on March 31, 2013. The Trust has not been able to make a distribution to unitholders for seventeen consecutive quarters, or since January 9, 2009. The financial and operating information included herein for the Trust's first quarter of 2013 reflects financial and operating information with respect to the royalty properties for the months of November and December 2012 and January 2013.
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