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The distribution this quarter decreasedfrom $.855597 last quarter to $.550126 this quarter, a 36% Production for royalties received was down (mcf equivalent) 18% and the pricd received for oil was down 35% and the price received for naturakl gas was down 23%. Further analysis of this distributio n will be found in theJune 30, 2009 10-Q filinv with the Securities and Exchange Commission on or about August 15, 2009. Tidelands' distributions to unitholders are determined by royalties received up to the date the distributio n amountis declared. In general, Tidelands receives royalties two monthes after oil production and three monthzs after naturalgas production.
This quarterluy distribution is based on production in Decemberfof 2008, January, February and Marchj of 2009. Tidelands' cash distributiojn history, current and prior year financial reports, links to filings made with the Securitiees and Exchange Commission and more can be founs on our websiteat . Contact: Ron E. Hooperf Senior Vice President U.S. Trust, Bank of Americas Private Wealth Management TollFree - 1.800.985.0794 SOURCE U.S.
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