MV Oil Trust declares $0.325/unit Q2 distribution, record July 17

MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the quarterly payment period ended June 30, 2023. Unitholders of record on July 17, 2023 will receive a distribution amounting to $3,737,500 or $0.325 per unit payable July 25, 2023. Volumes, average price and net profits for the payment period were: Volume (BOE) 154,899 Average price (per BOE) $ 69.94 Gross proceeds $ 10,833,731 Costs $ 5,909,783 Net profits $ 4,923,948 Percentage applicable to Trust’s 80% Net profits interest $ 3,939,158 MV Partners reserve for capital expenditures $ -- Total cash proceeds available for the Trust $ 3,939,158 Provision for current estimated Trust expenses $ (201,658 ) Net cash proceeds available for distribution $ 3,737,500