|
  |
|
Statements of Assets, Liabilities and Trust Corpus
December 31, 2009 and 2008 |
| ASSETS |
|
2009
|
2008
|
| Cash and Short-term Investments |
|
$5,483,148
|
$5,147,216
|
| Net Overriding Royalty Interests in Producing Oil and Gas Properties - Net (Notes 2 and 3) |
|
1,079,986
|
1,170,793
|
| |
|
$6,563,134
|
$6,318,009
|
| LIABILITIES AND TRUST CORPUS |
|
|
|
Distribution Payable to Unit Holders
|
|
$5,483,148
|
$5,147,216
|
| Trust Corpus - 46,608,796 Units of Beneficial Interest Authorized and Outstanding |
|
1,079,986
|
1,170,793
|
| |
|
$6,563,134
|
$6,318,009
|
| |
Statements of Distributable Income
for the Three Years Ended December 31, 2009 |
| |
|
2009
|
2008
|
2007
|
Royalty Income
(Notes 2 and 3) |
|
$38,958,112
|
$112,341,696
|
$68,382,820
|
| Interest Income |
|
3,319
|
90,572
|
125,338
|
| |
|
38,961,431
|
112,432,268
|
68,508,158
|
| Expenditures - General and Administrative |
|
1,265,483
|
973,761
|
888,928
|
| Distributable Income |
|
$37,695,948
|
$111,458,507
|
$67,619,230
|
| Distributable Income per Unit (46,608,796 Units) |
|
$ .808773
|
$ 2.391356
|
$ 1.450777
|
| |
Statements of Changes in Trust Corpus
for the Three Years Ended December 31, 2009 |
| |
|
2009
|
2008
|
2007
|
| Trust Corpus, Beginning of Period |
|
$1,170,793
|
$1,293,935
|
$1,439,214
|
| Amortization of Net Overriding Royalty Interest (Notes 2 and 3) |
|
(90,807)
|
(123,142)
|
(145,279)
|
| Distributable Income |
|
37,695,948
|
111,458,507
|
67,619,230
|
| Distributions Declared |
|
(37,695,948)
|
(111,458,507)
|
(67,619,230)
|
| Trust Corpus, End of Period |
|
$1,079,986
|
$1,170,793
|
$1,293,935
|
| The accompanying Notes
to Financial Statements are an integral part of these statements. |
|
