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Last $0.20 USD
Change Today 0.00 / 0.00%
Volume 0.0
TELOZ On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 06/24/15 All times are local (Market data is delayed by at least 15 minutes).

tel offshore trust (TELOZ) Snapshot

Open
$0.20
Previous Close
$0.20
Day High
$0.20
Day Low
$0.20
52 Week High
07/9/14 - $1.04
52 Week Low
12/2/14 - $0.10
Market Cap
950.3K
Average Volume 10 Days
562.5
EPS TTM
--
Shares Outstanding
4.8M
EX-Date
09/25/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TEL OFFSHORE TRUST (TELOZ)

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tel offshore trust (TELOZ) Details

Tel Offshore Trust, through its interest in TEL Offshore Trust Partnership, owns 100% overriding royalty interests in certain oil and gas properties located offshore Louisiana. The company was founded in 1983 and is based in Austin, Texas.

Founded in 1983

tel offshore trust (TELOZ) Top Compensated Officers

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Executives, Board Directors

tel offshore trust (TELOZ) Key Developments

Tel Offshore Trust Reports Capital Expenditure and Production Results for the First Quarter Ended January 2015

Tel Offshore Trust reported capital expenditure and production results for the first quarter ended January 2015. For the quarter, capital expenditures were $172 in the first quarter of 2015 as compared to $(44) in the fourth quarter of 2014. Gross proceeds for the burdened royalty properties exceeded development and production costs for the months of November and December 2014 and January 2015 by $1,947,303, or $486,826 net to the entire overriding royalty interest, and $292,096 attributable to the Trust. Excluding the impact of prior period adjustments, the average price received for natural gas production increased approximately 7% to $3.95 per Mcf in the first quarter of 2015 from $3.68 per Mcf in the fourth quarter of 2014. Gas products revenues during the first quarter of 2015 decreased approximately 63% from $80,314 in the fourth quarter of 2014 to $29,768 in the first quarter of 2015. Excluding the impact of prior period adjustments, the average price received for crude oil and condensate production decreased approximately 21% to $77.64 per barrel in the first quarter of 2015 from $97.95 per barrel in the fourth quarter of 2014. The company announced crude oil and condensate volumes during the first quarter of 2015 decreased approximately 21% to 34,539 barrels, compared to 43,936 barrels during the fourth quarter of 2014. The production period for the first quarter of 2015 includes November and December 2014 and January 2015.

Tel Offshore Trust Auditor Raises 'Going Concern' Doubt

Tel Offshore Trust filed its 10-K on Mar 31, 2015 for the period ending Dec 31, 2014. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

the Bank of New York Mellon Made an Advance of $363,000 to the TEL Offshore Trust

The Bank of New York Mellon made an advance to the TEL Offshore Trust (the Trust) in the amount of $363,000, and the Bank of New York Mellon Trust Company, N.A., in its capacity as corporate trustee (the Trustee) for the Trust, as the borrower, has entered into a Demand Promissory Note (the Demand Note) with the Bank of New York Mellon, as lender (the Lender), relating to the unsecured $363,000 advance. The Demand Note bears interest at the rate of 0.5% per annum. Pursuant to the terms of the Demand Note, all amounts outstanding under the Demand Note will be due and payable in cash on the earliest to occur of (i) the date written demand for payment is made by the Lender or (ii) December 31, 2015. The Trust may prepay any outstanding principal and accrued and unpaid interest under the Demand Note, in whole or in part, at any time without penalty.

 

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TELOZ

Industry Average

Valuation TELOZ Industry Range
Price/Earnings -- Not Meaningful
Price/Sales 95,030.2x
Price/Book NM Not Meaningful
Price/Cash Flow -- Not Meaningful
TEV/Sales 27,717.0x
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