secwatch.observer — SEC 8-K summary
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Issuer:     MESA ROYALTY TRUST/TX (MTR)
CIK:        0000313364
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001104659-23-023261
Event type: dividend
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Royalty Trust announces February 2023 distribution of $0.0997/unit; plans to increase cash reserves to $2.0M
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- Distribution of $0.099748984 per unit, record Feb 28, payable Apr 28, from $212,150 New Mexico and $1,134 Colorado receipts.
- No income received from Hugoton (Scout Energy) or Colorado IKAV-operated properties in February.
- Distributable net profits after expenses and reserves: $185,891.
- Trust intends to increase cash reserves to $2.0 million, materially reducing future distributions.
- Accumulated excess production costs could result in no distributions in some periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/313364/000110465923023261/0001104659-23-023261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/313364/000110465923023261/tm237166d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-023261

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