TEL Offshore Trust · Austin, TX United States ·(NASDAQ (CM): TELOZ)

TEL Offshore Trust tells it like it is. There is money in oil and gas. The trust is a passive entity formed to distribute revenues received from TEL Offshore Trust Partnership. The partnership has interests in four major properties in the Gulf of Mexico. Chevron, the managing general partner, operates most of the properties. TEL Offshore Trust's properties have proved reserves of more than 442,000 barrels of oil and more than 2.2 billion cu. ft. of natural gas. The trust is set to self-destruct when estimated future revenues from partnership properties fall below $2 million. To read the full description, subscribe now.