UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 13, 2016
Pacific Coast Oil Trust
(Exact name of registrant as specified in its charter)
Delaware |
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1-35532 |
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80-6216242 |
(State or other jurisdiction |
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(Commission |
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(IRS Employer |
The Bank of New York Mellon Trust Company, N.A., Trustee |
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78701 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (512) 236-6555
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
As previously disclosed in the Annual Report on Form 10-K of Pacific Coast Oil Trust filed on March 4, 2016, Pacific Coast Energy Company (PCEC) currently has permit applications pending to allow the drilling of an additional 96 steam injection wells on certain oil and natural gas properties located onshore in California in the Diatomite zone at Orcutt (the Orcutt Hill Resource Enhancement Plan or OHREP). At a hearing on June 29, the Santa Barbara County Planning Commission (the Commission) instructed its staff to prepare Findings for Denial, which the Commission adopted by a 3-2 vote on July 13, 2016.
The decision of the Commission is subject to appeal to the Santa Barbara County Board of Supervisors, and PCEC intends to file an appeal. Hearings on any appeal would be expected to occur approximately two months after an appeal is filed. If PCEC appeals, there can be no assurance that the Santa Barbara County Board of Supervisors would reverse the decision of the Commission.
Cautionary Statement Regarding Forward-Looking Information
This Current Report on Form 8-K includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended (the Securities Act), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements relate to matters that are not historical facts and provide our current expectations and forecasts about future events. Forward-looking statements may be identified by the use of words such as expect, believe, will, would, should or comparable terminology or the negatives of those words, or by discussions of strategy. While we believe its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause actual results to differ include, without limitation, whether PCEC appeals the Commission decision and the timing and outcome of such appeal. We caution you that no forward-looking statement is a guarantee of future performance, and you should not place undue reliance on these forward-looking statements which reflect our view only as of the date of this report. We undertake no obligation to update any forward-looking information.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Pacific Coast Oil Trust | |
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By: |
The Bank of New York Mellon Trust Company, N.A., as Trustee |
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By: |
/s/ Sarah Newell |
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Sarah Newell |
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Vice President |
Date: July 19, 2016