895474--3/15/2010--EASTERN_AMERICAN_NATURAL_GAS

related topics

{interest, director, officer}

{gas, price, oil}

{tax, income, asset}

{cost, regulation, environmental}

Natural gas prices fluctuate due to a number of factors, and lower prices will reduce net proceeds to the Trust and distributions to Unitholders Low gas prices may reduce production Estimated reserves and future production levels are uncertain. There are risks inherent in the development and production of natural gas. None of the Trust, the Trustee nor the Unitholders has any control over the operation of the properties. Gas reserves are depleting assets. Compliance with governmental regulations may be expensive. Operating costs, capital expenditures and taxes reduce payments to the Trust. Administrative costs reduce distributions to Unitholders. The legal status of the Net Profits Interests under some circumstances is unclear. The Net Profits Interests are subject to any defects in ECA's rights to the Underlying Properties. The opinion of tax counsel obtained at inception of the Trust is not binding on the IRS or any court. Taxable income could exceed cash distributions. ECA and the Trust may have conflicts of interest. Unitholders have only limited voting rights. Unitholders could be subject to unlimited liability. There are risks associated with the financial position of ECA.

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895474--3/15/2010--EASTERN_AMERICAN_NATURAL_GAS_TRUST