TORCH ENERGY ROYALTY TRUST 
By Production attributable to the Trust's net profits interests, excluding the Robinson's
The average price attributable to production (excluding the Robinson's
The Trust received no payments from the working interest owner with respect to the Robinson's
The Trust received the affirmative vote of the unitholders of more than 66 2/3% of the outstanding units to terminate the Trust at the meeting of unitholders held on
The Trust can give no assurances of the effect of the results of the affirmative vote to terminate the Trust by the unitholders on the continued listing of the units on the New York Stock Exchange (NYSE) or any other national quotation system.
The Trust's underlying properties are depleting assets consisting of net profits interests in proved developed oil and gas properties located in
This press release includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts in this press release, including without limitation, statements about future production, production costs and termination of the Trust (except with respect to the fact that the Trust received the affirmative vote of the unitholders to terminate the Trust), are forward looking statements. No assurances can be given that these forward looking statements will prove to be correct. Factors which could cause such forward looking statements not to be correct include, among others, the cautionary statements set forth in the Trust's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, including but not limited to, the volatility of oil and gas prices, future production costs, future oil and gas production quantities, operating hazards and environmental conditions.
TORCH ENERGY ROYALTY TRUST
QUARTER ENDED JUNE 30, 2009 DISTRIBUTION (1)
Chalkley,
Cotton Valley
and Robinson's
Austin Chalk Bend
Fields Field (2) Total
------ ---------- -----
MCF
Chalkley 174,641 -
Cotton Valley 132,464 -
Austin Chalk 11,994 -
Robinson's Bend - 375,653
------- -------
319,099 375,653
------- -------
BBLS
Chalkley 809 -
Cotton Valley 455 -
Austin Chalk 3,317 -
Robinson's Bend - -
----- ---
4,581 -
----- ---
Average price
Per MCF (after gathering fees) $3.53 $3.01
Per BBL $40.60 $0.00
Gas revenues, net of gathering fees $1,125,886 $1,132,107
Oil revenues 186,005 -
------- ---
1,311,891 1,132,107
--------- ---------
Lease operating expenses 502,094 1,675,574
Severance taxes 82,408 93,403
------ ------
584,502 1,768,977
------- ---------
Net proceeds before capital
expenditures 727,389 (636,869)
------- --------
Capital expenditures 37,254 -
------ ---
Net proceeds 690,135 (636,869)
Cumulative deficit --- ---
--- ---
690,135 (636,869)
Net profits percentage 95.00% n/a
----- ---
Net profits income 655,628 - 655,628
------- ---
Release of certain cash reserves 2,354,372
---------
Cash distribution $3,010,000
----------
Cash distribution per unit $0.3500
=======
(1) The quarter ended June 30, 2009 cash distribution mainly pertains to
production during the quarter ended March 31, 2009. Infill well net
proceeds received by the Trust and general and administrative costs
incurred by the Trust during the quarter ended March 31, 2009 were not
considered in determining the quarter ended June 30, 2009 cash
distribution.
(2) The Working Interest Owner of the Robinson's Bend field reported that
the revenues exceeded costs and expenses during the current quarter by
$636,869. However, the Trust anticipated it will receive no payments
for distributions to unitholders with respect to the Robinson's Bend
field until future proceeds exceed the sum of costs and expenses and
the cumulative excess of such costs and expenses ("Robinson's Bend
Field Cumulative Deficit") including interest. The Robinson's Bend
Field Cumulative Deficit (including interest) pertaining to sales as
of March 31, 2009 was $1,054,717.
SOURCE Torch Energy Royalty Trust
