62362--9/25/2008--MARINE_PETROLEUM

related topics

{interest, director, officer}

{investment, property, distribution}

{loss, insurance, financial}

{tax, income, asset}

{operation, natural, condition}

{cost, contract, operation}

Operating risks for the working interest owners interests on the leases can adversely affect distributions. The owner of any underlying properties of the leases may transfer any of the properties to another unrelated third party. The owner of any underlying properties of the leases may abandon any property, terminating the related royalty interest Marine may hold. The Trustee, Marine and its unitholders do not control the operation or development of the underlying properties of the leases and have little influence over operation or development. Important reserve and other information with respect to the particular leases subject to Marine s royalty interest is difficult to obtain. Terrorism and continued geopolitical hostilities could adversely affect Marine s distributions to its unitholders or the market price of its units. Unitholders have limited voting rights. The limited liability of the unitholders is uncertain. Marine s royalty interest can be sold and the Trust can be terminated. The operators of the working interest owner are subject to extensive governmental regulation. If it is determined that Marine is subject to the Texas franchise tax, the Trustee may have to withhold an amount from future distributions to pay the tax liability.

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62362--9/25/2008--MARINE_PETROLEUM_TRUST