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Dominion Resources Black Warrior Trust Message Board

  • lhpt lhpt Dec 22, 1998 11:10 AM Flag

    DOM Blk War Trst

    A reply from Dom. Resources re the
    trust:

    Thank you for your email regarding the Black Warrior
    Trust. These units
    were issued at $20 per unit back
    in June of 1994. Today they trade at $15
    per
    unit. The units of beneficial interest are supposed to
    decline over
    time because this is a "depleting" asset.
    As the natural gas is produced
    and sold, the
    reserves in the Black Warrior Basin are depleted over
    time.
    Please refer to the prospectus which shows you a
    hypothetical production
    schedule over the expected life of
    these reserves. Dominion has no current
    plans to
    dissolve the trust.

    I trust this is helpful to you.
    If you have questions regarding your
    investment,
    please contact the trustee - NationsBank of Texas
    at
    1-800-365-6548.

    Sincerely,
    Mark C. Stevens
    Coordinator - Treasury Services

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