|
  |
|
Statements of Assets, Liabilities and Trust Corpus
December 31, 2010 and 2009 |
| ASSETS |
2010
|
2009
|
| Cash and Short-term Investments |
$4,580,923
|
$5,483,148
|
| Net Overriding Royalty Interests in Producing Oil and Gas Properties - Net (Notes 2 and 3) |
971,207
|
1,079,986
|
| |
$5,552,130
|
$6,563,134
|
| LIABILITIES AND TRUST CORPUS |
|
|
Distribution Payable to Unit Holders
|
$4,580,923
|
$5,483,148
|
| Trust Corpus - 46,608,796 Units of Beneficial Interest Authorized and Outstanding |
971,207
|
1,079,986
|
| |
$5,552,130
|
$6,563,134
|
| |
Statements of Distributable Income
for the Three Years Ended December 31, 2010 |
| |
2010
|
2009
|
2008
|
Royalty Income
(Notes 2 and 3) |
$65,265,303
|
$38,958,112
|
$112,341,696
|
| Interest Income |
1,216
|
3,319
|
90,572
|
| |
65,266,519
|
38,961,431
|
112,432,268
|
| Expenditures - General and Administrative |
1,149,849
|
1,265,483
|
973,761
|
| Distributable Income |
$64,116,670
|
$37,695,948
|
$111,458,507
|
| Distributable Income per Unit (46,608,796 Units) |
$ 1.38
|
$ .808773
|
$ 2.391356
|
| |
Statements of Changes in Trust Corpus
for the Three Years Ended December 31, 2010 |
| |
2010
|
2009
|
2008
|
| Trust Corpus, Beginning of Period |
$1,079,986
|
$1,170,793
|
$1,293,935
|
| Amortization of Net Overriding Royalty Interest (Notes 2 and 3) |
(108,779)
|
(90,807)
|
(123,142)
|
| Distributable Income |
64,116,670
|
37,695,948
|
111,458,507
|
| Distributions Declared |
(64,116,670)
|
(37,695,948)
|
(111,458,507)
|
| Trust Corpus, End of Period |
$971,207
|
$1,079,986
|
$1,170,793
|
| The accompanying Notes
to Financial Statements are an integral part of these statements. |
|
