MV Oil Trust Announces Trust First Quarter Distribution

  MV Oil Trust Announces Trust First Quarter Distribution

Business Wire

AUSTIN, Texas -- April 5, 2013

MV Oil Trust (NYSE:MVO) announced the Trust distribution of net profits for
the first quarterly payment period ended March 31, 2013.

Unitholders of record on April 15, 2013 will receive a distribution amounting
to $10,005,000 or $0.87 per unit payable April 25, 2013.

Volumes, average price and net profits for the payment period were:

Volume (BOE)                                    216,768
Average price (per BOE)                        $ 85.15
Gross proceeds                                 $ 18,458,499
Costs                                          $ 5,734,059
Net profits                                    $ 12,724,440
Percentage applicable to Trust’s 80%
Net profits interest                           $ 10,179,552
                                                            
MV Partners reserve for capital expenditures   $ 0
Total cash proceeds available for the Trust    $ 10,179,552
Provision for estimated Trust expenses         $ (174,552   )
Net cash proceeds available for distribution   $ 10,005,000
                                               

This press release contains forward-looking statements. Although MV Partners,
LLC has advised the Trust that MV Partners, LLC believes that the expectations
contained in this press release are reasonable, no assurances can be given
that such expectations will prove to be correct. The announced distributable
amount is based on the amount of cash received or expected to be received by
the Trustee from the underlying properties on or prior to the record date with
respect to the quarter ended March 31, 2013. Any differences in actual cash
receipts by the Trust could affect this distributable amount. Other important
factors that could cause these statements to differ materially include the
actual results of drilling operations, risks inherent in drilling and
production of oil and gas properties, the ability of commodity purchasers to
make payment, and other risk factors described in the Trust’s Form 10-K for
the year ended December 31, 2012 filed with the Securities and Exchange
Commission. Statements made in this press release are qualified by the
cautionary statements made in these risk factors. The Trust does not intend,
and assumes no obligations, to update any of the statements included in this
press release.

Contact:

MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Mary Jo Davis, 855-802-1094
 
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