721765--5/20/2008--LL&E_ROYALTY_TRUST

related topics
{interest, director, officer}
{gas, price, oil}
{loss, insurance, financial}
{operation, natural, condition}
{tax, income, asset}
The market prices for oil and gas may decline prior to the time the Trust enters into a binding agreement for the sale of the Trust s assets. Natural gas and oil prices fluctuate due to a number of factors, and lower prices will reduce the market value of the Trust s assets. Damage from Hurricanes Katrina and Rita will have a material adverse effect on the value of the Trust s assets. Pending litigation against the Working Interest Owner could adversely impact the value of the Trust s assets. Increased production and development costs for the Overriding Royalties will decrease the value of the Trust s assets. Trust reserve estimates depend on many assumptions that may prove to be inaccurate, which could cause both estimated reserves and estimated future revenues to be too high. Operating risks can adversely affect the value of the Trust s assets. Trust Unit holders and the Trustee have no control or influence over the operation or development of the Properties. The operator may abandon any property, terminating the related Overriding Royalties.

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