Key Developments For TEL Offshore Trust
TEL Offshore Trust (TELOZ.O) (Consolidated Issue listed on NASDAQ Capital Market)
TEL Offshore Trust Announces No Third Quarter 2009 Distribution
TEL Offshore Trust announced that there will be no trust distribution for the third quarter of 2009 for unitholders of record on September 30, 2009.
TEL Offshore Trust Announces There Will Be No Second Quarter 2009 Distribution
TEL Offshore Trust announced that there will be no trust distribution for the second quarter of 2009 for unitholders of record on June 30, 2009. T
TEL Offshore Trust Announces Hurricane Damage To Properties
TEL Offshore Trust announced that production from the two significant oil and gas properties associated with the Company has ceased following damage inflicted by Hurricane Ike in September 2008. The principal asset of the Trust consists of a 99.99% interest in TEL Offshore Trust Partnership. The Partnership owns an overriding royalty interest, equivalent to a 25% net profits interest, in certain oil and gas properties, including the working interest ownership interest of Chevron U.S.A. Inc. in Eugene Island 339 and Ship Shoal 182 and 183. The information contained in this press release regarding hurricane-related damages affecting the two oil and gas properties is based on information provided to the Corporate Trustee of the Company by Chevron U.S.A. Inc., the managing general partner of the Partnership.
