LOS ANGELES--(BUSINESS WIRE)--
Pacific Coast Oil Trust (the “Trust”) (ROYT), a perpetual royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today it will visit the New York Stock Exchange to ring The Opening Bell® on Tuesday, May 21, 2013, to celebrate the Trust’s one year anniversary since completing its initial public offering on May 8, 2012.
CEO Randall Breitenbach and President Halbert Washburn, joined by members of PCEC’s management team responsible for the Trust, will ring The Opening Bell to celebrate the occasion.
Randall Breitenbach, CEO, said: “This month marks the one year anniversary of Pacific Coast Oil Trust as a publicly traded trust. Over the past year, the Trust’s assets have continued to deliver predictable results as demonstrated by the consistency of the monthly distributions paid to our unitholders since June 2012. The California-based, perpetual Trust holds interests in high quality oil assets that have long producing histories, well-established production profiles, and attractive development potential. These assets are owned and managed by PCEC, whose management team has over 25 years in the oil exploitation and production industry. When we ring the bell, we will be sharing the celebration of our past and future successes with all those who have supported us.”
The Opening Bell will ring at 9:30 a.m. Eastern time and can be viewed live on the NYSE’s website at https://nyse.nyx.com/the-bell/todays-bells-live. Photos and video of the NYSE Bell Ringing Ceremony will be available, courtesy of the NYSE, on Facebook--NYSEEuronext, Twitter at http://twitter.com/NYSEEuronext and on the NYSE YouTube Channel -- nysetv1.
About Pacific Coast Oil Trust
Pacific Coast Oil Trust is a Delaware statutory perpetual trust formed by Pacific Coast Energy Company LP through a conveyance of interests in California onshore oil properties located in the Santa Maria and Los Angeles Basins. PCEC owns the underlying properties from which these net profits interests were conveyed. The underlying properties consist of proved developed reserves and development potential. For more information about Pacific Coast oil Trust, please visit www.pacificcoastoiltrust.com.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Trust expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Trust based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Pacific Coast Oil Trust undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Unpredictable or unknown factors not discussed herein also could have material adverse effects on forward-looking statements. See "Risk Factors" in the Trust's Annual Report filed on Form 10-K and other public filings and press releases.
- Investment & Company Information
- Pacific Coast
The Bank of New York Mellon Trust Company, N.A., as Trustee
1 (800) 852-1422