dividend
confidence high
sentiment neutral
materiality 0.50
VOC Energy Trust declares $0.25/unit Q4 2021 distribution; starts building cash reserve
VOC Energy Trust
- Distribution of $0.25 per unit payable Feb 14, 2022 to holders of record Feb 1, 2022.
- Net cash proceeds for distribution total $4.25M from net profits interest of $4.71M.
- Q4 2021 sales: 135,762 bbl oil at $73.79/bbl, 84,632 Mcf gas at $5.78/Mcf.
- Trustee withholding $182,917 to build cash reserve targeting ~$1.175M; additional $1.7M letter of credit in place.
- No prior-period comparison provided; reserve building commences Q1 2022.