Pacific Coast Oil Trust: no distribution, ARO cuts deficit; dissolution to proceed

Pacific Coast Oil Trust

No cash distribution for unitholders of record May 30, 2025; future distributions 'extremely remote'.
Cumulative net profits deficit for Developed Properties fell to $9.1M (from $19.1M) due to $11.9M ARO downward revision.
Remaining Properties deficit eliminated; Trust received $681K, used for expenses and to reduce $10.1M debt to PCEC.
California Court of Appeals on May 21, 2025 affirmed arbitration awards dismissing Evergreen's claims; Trustee plans to wind up Trust.
Trust owes PCEC ~$10.1M; asset sale proceeds likely insufficient for unitholder distributions.

item 2.02item 9.01

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