Pacific Coast Oil Trust responds to unitholder demand on well count discrepancies; awaits operator data

Pacific Coast Oil Trust

Unitholder letter (Aug 4, 2025) demands disclosure of well count discrepancies and suit against operator PCEC.
Trustee references prior disclosures: Nov 2024 8-K on well counts and July 2025 8-K on PKF resignation & ARO documentation issues.
Trustee has requested from PCEC evidence supporting well count used for ARO estimates; will analyze with experts once received.
Trustee says it will exercise authority under Trust Agreement to prosecute claims as necessary; no litigation announced.
Independent investigation ongoing into allegations by former PCEC employee filed with SEC and federal lawsuit.

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