Last $0.20 USD
Change Today -0.0199 / -9.05%
Volume 166.0
TELOZ On Other Exchanges
Symbol
Exchange
OTC US
As of 9:30 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

tel offshore trust (TELOZ) Snapshot

Open
$0.20
Previous Close
$0.22
Day High
$0.20
Day Low
$0.20
52 Week High
09/23/13 - $2.20
52 Week Low
09/16/14 - $0.20
Market Cap
950.8K
Average Volume 10 Days
19.1K
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 Financial and Production Results for the First Quarter of 2014

Tel Offshore Trust reported financial results for the first quarter of 2014. For the quarter, capital expenditures increased by $4,023 to $141,634, as compared to $137,611 in the fourth quarter of 2013. Operating expenses increased by $716,215 in the first quarter of 2014 to $1,688,559 as compared to $972,344 for the fourth quarter of 2013. Natural gas volumes during the first quarter of 2014 were 20,587 Mcf compared to 22,415 Mcf for the fourth quarter of 2013. The fourth quarter included a prior period adjustment for Ship Shoal 182/183 that resulted in a decrease of 7,868 Mcf. Excluding the prior period adjustments for each quarter, natural gas volumes during the first quarter of 2014 decreased approximately 36% to 19,395 Mcf from 30,281 Mcf during the fourth quarter of 2013. The decrease in production is primarily due to wells being shut in for maintenance work at Ship Shoal 182. Excluding the impact of prior period adjustments, the average price received for natural gas production increased approximately 57% to $4.55 per Mcf in the first quarter of 2014 from $2.90 per Mcf in the fourth quarter of 2013. Crude oil and condensate revenues recorded by Chevron for the quarter on the burdened royalty properties decreased approximately 29% to $2,248,374 in the first quarter of 2014 from $3,163,484 in the fourth quarter of 2013. Crude oil and condensate volumes during the first quarter of 2014 decreased approximately 48% to 22,568 barrels, compared to 43,164 barrels during the fourth quarter of 2013. Excluding the impact of prior period adjustments, which had the effect of increasing the recorded volume in the fourth quarter by 7,580 barrels, crude oil and condensate volumes during the first quarter of 2014 decreased approximately 37% to 22,563 barrels, compared to 35,583 barrels reported in the fourth quarter of 2013. The decrease in production is primarily due to wells being shut in for maintenance work at Ship Shoal 182. Excluding the impact of prior period adjustments, the average price received for crude oil and condensate production decreased approximately 9% to $98.95 per barrel in the first quarter of 2014 as compared to $108.44 per barrel in the fourth quarter of 2013.

Tel Offshore Trust Auditor Raises 'Going Concern' Doubt

Tel Offshore Trust filed its 10-K on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Tel Offshore Trust Announces Not to pay dividend for third Quarter 2013

TEL Offshore Trust announced that there will be no trust distribution for the third quarter of 2013 for unitholders of record on September 30, 2013. The Trust has not been able to make a distribution to unitholders for nineteen consecutive quarters, or since January 9, 2009.

 

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TELOZ

Industry Average

Valuation TELOZ Industry Range
Price/Earnings -- Not Meaningful
Price/Sales 34,844.4x
Price/Book 77.4x
Price/Cash Flow -- Not Meaningful
TEV/Sales 27,925.3x
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