August 20, 2014 10:47 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Eastern American Natural Gas Trust

Company Overview

Eastern American Natural Gas Trust, a grantor trust, engages in acquiring and holding net profits interests in gas properties. It holds net profits interests created from the working interests owned by Energy Corporation of America in 650 producing gas wells and 65 proved development well locations in the Appalachian Basin states of West Virginia and Pennsylvania. As of December 31, 2012, its properties consisted of 329 producing gas wells. The company was founded in 1993 and is based in Austin, Texas.

919 Congress Avenue

Suite 500

Austin, TX 78701

United States

Founded in 1993

Phone:

800-852-1422

Key Executives for Eastern American Natural Gas Trust

Vice President of The Bank of New York Trust Company NA
Compensation as of Fiscal Year 2014.

Eastern American Natural Gas Trust Key Developments

Eastern American Natural Gas Trust Announces Its Intention To Delist Depositary Units From NYSE

Eastern American Natural Gas Trust announced that, in connection with the liquidation of the Trust, it has notified the New York Stock Exchange (the NYSE) of its intention to delist its Depositary Units from listing on the NYSE. May 24, 2013 will be the last day of trading of the Units on the New York Stock Exchange, and the Trust will be liquidated shortly thereafter. Accordingly, the Trust has requested the NYSE to file on May 28, 2013 a Form 25 with the Securities and Exchange Commission (the SEC) to delist its Depositary Units from the NYSE and to deregister the Depositary Units from Section 12(b) of the Securities Exchange Act of 1934, as amended (the Exchange Act). Immediately upon the filing of Form 25, the Trust will no longer be obligated to file certain Exchange Act reports with the SEC. The Trust expects the delisting of its Depositary Units to become effective on or about June 6, 2013. Delisting the Depositary Units from the NYSE will not affect distribution payments. The Trust also intends to file on June 7, 2013 a Form 15 with the SEC to suspend the Trust's reporting obligations under Section 15(d) of the Exchange Act.

Eastern American Natural Gas Trust Announces Earnings Results for the Quarter Ended March 31, 2013

Eastern American Natural Gas Trust announced earnings results for the quarter ended March 31, 2013. For the period, the company's distributable income was $6,175,860 ($1.0468 per trust unit), which included the $5,917,275 of proceeds received by the Trust as a result of the Trust’s sale of the Royalty NPI in January 2013.

Eastern American Natural Gas Trust Auditor Raises 'Going Concern' Doubt

Eastern American Natural Gas Trust filed its 10-K on Mar 15, 2013 for the period ending Dec 31, 2012. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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