HOUSTON--(BUSINESS WIRE)--In release dated July 19, 2018, the distribution amount should read: $0.044405087 (instead of $0.066043355), and the royalty income received from the Hugoton Properties should read: $14,238 (instead of $54,563).
The corrected release reads:
MESA ROYALTY TRUST ANNOUNCES TRUST INCOME FOR JULY 2018
Mesa Royalty Trust (NYSE: MTR) announced the Trust income distribution for the month of July 2018. Unitholders of record on July 31, 2018 will receive distributions amounting to $0.044405087 per unit payable on October 31, 2018. The Trust received $97,150 and $3,627 from the New Mexico and Colorado portions, respectively, of the San Juan Basin Properties. Royalty income received from the Hugoton Properties totaled $14,238.
This press release contains forward-looking statements. Although the working interest owners have advised the Trustee that the working interest owners believe that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, and other factors described in the Trust’s Form 10-K for the year ended December 31, 2017 under “Item 1A. Risk Factors”. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.