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Thursday, November 26, 2009, 1:09PM ET - U.S. Markets Closed for Thanksgiving Day. Dow Up 0.29% Nasdaq Up 0.32%
Marine Petroleum Trust (MARPS)On Nov 25: 15.95  Down 0.80 (4.78%)  
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Marine Petroleum Trust
US Trust Bank Of America Private Wealth Management
PO Box 830650
Dallas, TX 75283-0650
United States - Map
Phone: 800-985-0794
Web Site: Ticker

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Diversified Investments
Full Time Employees:N/A

BUSINESS SUMMARY 
Marine Petroleum Trust, through its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It holds an overriding royalty interest in oil, natural gas, and other mineral leasehold interests located in the Gulf of Mexico acquired by Chevron U.S.A., Inc. The company, through its 32.6% interest in Tidelands Royalty Trust ‘B’, owns interest in five leases covering 22,948 acres. As of June 30, 2009, it had lease interests covering approximately 232,324 gross acres. The company was founded in 1956 and is based in Dallas, Texas.
Key Statistics

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    KEY EXECUTIVES 
     PayExercised
    Mr. R. Ray Bell , 81
    Independent Consultant, Pres of Marine Petroleum Corp., Treasurer of Marine Petroleum Corp. of Marine Petroleum Corp.
    N/A N/A
    Mr. Ron E. Hooper ,
    Sr. VP of Royalty Management - U.S. Trust - Bank of America Private Wealth Management
    N/A N/A
    Dollar amounts are as of and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.


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