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The distribution this quarter decreasedfrom $.855597 last quarter to $.550126 this quarter, a 36% reduction. Production for royaltiexs received wasdown (mcf equivalent) 18% and the priced received for oil was down 35% and the pric e received for natural gas was down 23%. Further analysies of this distribution will be foun d in theJune 30, 2009 10-Q filing with the Securitiess and Exchange Commission on or abourt August 15, 2009. Tidelands' distributions to unitholders are determines by royalties received up to the date the distributio amountis declared. In Tidelands receives royalties two months after oil productioj and three months after natura lgas production.
This quarterly distribution is based on productionm in Decemberof January, February and March of 2009. Tidelands' cash distribution history, currentf and prior year financial reports, links to filings made with the Securitiea and Exchange Commission and more can be found on our websitrat . Contact: Ron E. Hooper Senior Vice President U.S. Trust, Bank of Americ a Private Wealth Management TollFree - 1.800.985.0794 SOURCs U.S.
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