Pacific Coast Oil Trust: no June distribution, net profits deficit rises, whistleblower suit continues

Pacific Coast Oil Trust

No cash distribution for June 2025; cumulative net profits deficit for Developed Properties increased to ~$9.9M.
Trust owed PCEC approximately $11.2M; shortfall of ~$310,000 for June, only $100K loaned by PCEC so far.
Whistleblower suit (Brendan Potyondy) alleging false ARO data against PCEC proceeds; federal court denied PCEC's motion to dismiss.
Trustee investigating whistleblower allegations hindered by PCEC's refusal to provide funds; dissolution pending audits and investigation.
Average realized oil price improved to $57.91/Boe vs $54.67/Boe prior month, but ARO deductions eliminate distributions.

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