Mesa Royalty Trust declares October distribution of $0.1818/unit; warns of materially reduced 2022 payouts

MESA ROYALTY TRUST/TX

Distribution of $0.181767542 per unit payable Jan 31, 2023 to holders of record Oct 31, 2022.
Trust received $330,459 from New Mexico San Juan Basin (Hilcorp) and $46,005 from Hugoton (Scout Energy); no income from Colorado properties.
Distributable net profits after reserves and expenses: $338,740.
Trust intends to increase cash reserves to $2.0M, expecting materially reduced distributions during 2022.
Accumulated excess production costs may further reduce or eliminate future distributions.

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