-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 M2zHSBoYtHXHwrg/1mS+wL373MVyMNRH319QrVtjiZ1ESIJdLVUYM3a3K+/PosP6
 DuMi16lO/nrxZa8mtLXMjw==

<SEC-DOCUMENT>0001047469-06-013775.txt : 20070213
<SEC-HEADER>0001047469-06-013775.hdr.sgml : 20070213

<ACCEPTANCE-DATETIME>20061109061918

<PRIVATE-TO-PUBLIC>

ACCESSION NUMBER:		0001047469-06-013775

CONFORMED SUBMISSION TYPE:	S-1/A

PUBLIC DOCUMENT COUNT:		13

FILED AS OF DATE:		20061109

DATE AS OF CHANGE:		20061229


FILER:


	COMPANY DATA:	

		COMPANY CONFORMED NAME:			MV Partners LLC

		CENTRAL INDEX KEY:			0001371727

		IRS NUMBER:				481200438

		STATE OF INCORPORATION:			KS

		FISCAL YEAR END:			1231



	FILING VALUES:

		FORM TYPE:		S-1/A

		SEC ACT:		1933 Act

		SEC FILE NUMBER:	333-136609-01

		FILM NUMBER:		061199437



	BUSINESS ADDRESS:	

		STREET 1:		250 N. WATER, SUITE 300

		CITY:			WICHITA

		STATE:			KS

		ZIP:			67202

		BUSINESS PHONE:		(316) 267-3241



	MAIL ADDRESS:	

		STREET 1:		250 N. WATER, SUITE 300

		CITY:			WICHITA

		STATE:			KS

		ZIP:			67202




FILER:


	COMPANY DATA:	

		COMPANY CONFORMED NAME:			MV Oil Trust

		CENTRAL INDEX KEY:			0001371782

		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]

		IRS NUMBER:				066554331

		STATE OF INCORPORATION:			DE

		FISCAL YEAR END:			1231



	FILING VALUES:

		FORM TYPE:		S-1/A

		SEC ACT:		1933 Act

		SEC FILE NUMBER:	333-136609

		FILM NUMBER:		061199436



	BUSINESS ADDRESS:	

		STREET 1:		700 LAVACA, 5TH FLOOR

		CITY:			AUSTIN

		STATE:			TX

		ZIP:			78701-3102

		BUSINESS PHONE:		(512) 479-2136



	MAIL ADDRESS:	

		STREET 1:		700 LAVACA, 5TH FLOOR

		CITY:			AUSTIN

		STATE:			TX

		ZIP:			78701-3102



</SEC-HEADER>

<DOCUMENT>
<TYPE>S-1/A
<SEQUENCE>1
<FILENAME>a2173315zs-1a.htm
<DESCRIPTION>S-1/A
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<P><FONT SIZE=3 >
Use these links to rapidly review the document<BR>
<A HREF="#bg1190_table_of_contents">  TABLE OF CONTENTS</A> <BR>
<A HREF="#ez1190_index_to_financial_statements">  Index to Financial Statements</A> <BR>
<A HREF="#fz1190_index_to_financial_statements_of_mv_partners,_llc">  Index to Financial Statements of MV Partners, LLC</A> <BR>
<A HREF="#ho1190_toc"> TABLE OF CONTENTS 4</A><BR></font>
</P>
<P ALIGN="CENTER">


<FONT SIZE=1><B>As filed with the Securities and Exchange Commission on November&nbsp;9, 2006

  </B></FONT>

</P>

<P ALIGN="RIGHT"><FONT SIZE=1><B> Registration No.&nbsp;333-136609&nbsp;&nbsp;&nbsp;&nbsp;<BR>
333-136609-01  </B></FONT></P>

<P><FONT SIZE=1><B> <hr noshade width=100% align=left size=4>
<hr noshade width=100% align=left size=1>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=1><B>Washington, D.C. 20549  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=1><B> REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">



<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=1><B>Amendment No. 2<BR>
to<BR> </B></FONT><FONT SIZE=5><B>Form S-1<BR>
MV Oil Trust<BR> </B></FONT><FONT SIZE=1>(Exact Name of co-registrant as specified in its charter)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=1><B>Amendment No. 2<BR>
to<BR> </B></FONT><FONT SIZE=5><B>Form S-1<BR>
MV Partners, LLC<BR> </B></FONT><FONT SIZE=1>(Exact Name of co-registrant as specified in its charter)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" ALIGN="CENTER"><BR><FONT SIZE=1><B>Delaware</B></FONT><FONT SIZE=1><BR>
(State or other jurisdiction of incorporation or organization)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><BR><FONT SIZE=1><B>Kansas</B></FONT><FONT SIZE=1><BR>
(State or other jurisdiction of incorporation or organization)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" ALIGN="CENTER"><BR><FONT SIZE=1><B>1311</B></FONT><FONT SIZE=1><BR>
(Primary Standard Industrial Classification Code Number)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><BR><FONT SIZE=1><B>1311</B></FONT><FONT SIZE=1><BR>
(Primary Standard Industrial Classification Code Number)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" ALIGN="CENTER"><BR><FONT SIZE=1><B>06-6554331</B></FONT><FONT SIZE=1><BR>
(I.R.S. Employer Identification No.)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><BR><FONT SIZE=1><B>48-1200438</B></FONT><FONT SIZE=1><BR>
(I.R.S. Employer Identification No.)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" ALIGN="CENTER"><BR><FONT SIZE=1><B>221 West Sixth Street, 1st&nbsp;Floor<BR>
Austin, Texas 78701<BR>
(800) 852-1422<BR> </B></FONT><FONT SIZE=1>(Address, including zip code, and telephone number, including area code, of co-registrant's Principal Executive Offices)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><BR><FONT SIZE=1><B>250 N. Water, Suite 300<BR>
Wichita, Kansas 67202<BR>
(316) 267-3241</B></FONT><FONT SIZE=1><BR>
(Address, including zip code, and telephone number, including area code, of co-registrant's Principal Executive Offices)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%" ALIGN="CENTER"><BR><FONT SIZE=1><B>Mike J. Ulrich<BR>
The Bank of New York Trust<BR>
Company, N.A., Trustee<BR>
Global Corporate Trust<BR>
221 West Sixth Street, 1st&nbsp;Floor<BR>
Austin, Texas 78701<BR>
(800) 852-1422</B></FONT><FONT SIZE=1><BR>
(Name, address, including zip code, and telephone number, including area code, of agent for service)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><BR><FONT SIZE=1><B>David L. Murfin<BR>
250 N. Water, Suite 300<BR>
Wichita, Kansas 67202<BR>
(316) 267-3241</B></FONT><FONT SIZE=1><BR>
(Name, address, including zip code, and telephone number, including area code, of agent for service)</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="CENTER" WIDTH="120">

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=1><BR>
<BR></FONT> <FONT SIZE=1><B><I>Copies to:</I></B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%" ALIGN="CENTER"><BR><FONT SIZE=1><B>Thomas P. Mason<BR>
Vinson &amp; Elkins L.L.P.<BR>
1001 Fannin Street, Suite 2300<BR>
Houston, Texas 77002-6760<BR>
(713) 758-2222</B></FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="46%" ALIGN="CENTER"><FONT SIZE=1><B><BR>
R. Joel Swanson<BR>
Baker Botts L.L.P.<BR>
One Shell Plaza<BR>
910 Louisiana, Suite 3200<BR>
Houston, Texas 77002<BR>
(713) 229-1234</B></FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="CENTER" WIDTH="120">

<P><FONT SIZE=1><B>Approximate date of commencement of proposed sale to the public:&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><FONT SIZE=1>As soon as practicable after this Registration Statement becomes effective. </FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule&nbsp;415 under the Securities Act of 1933, check the
following box.&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this Form is filed to register additional securities for an offering pursuant to Rule&nbsp;462(b) under the Securities Act, please check the following box and
list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this Form is a post-effective amendment filed pursuant to Rule&nbsp;462(c) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this Form is a post-effective amendment filed pursuant to Rule&nbsp;462(d) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=1><B>The co-registrants hereby amend this registration statement on such date or dates as may be necessary to delay its effective
date until the co-registrants shall file&nbsp;a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with
Section&nbsp;8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said
Section&nbsp;8(a), may determine.</B></FONT></P>

<P><FONT SIZE=1><hr
noshade width=100% align=left size=1>
<hr noshade width=100% align=left size=4> </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=497442,FOLIO='blank',FILE='DISK131:[06HOU0.06HOU1190]BA1190A.;24',USER='JGRINER',CD=';8-NOV-2006;21:36' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT COLOR="#FF4040" SIZE=1>The information in this preliminary prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the
Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the
offer or sale is not permitted.</FONT></P>

<P ALIGN="CENTER">


<FONT COLOR="#FF4040" SIZE=1><B>Subject to Completion dated November&nbsp;9, 2006</B></FONT>


</P>

<P><FONT SIZE=2><B>PRELIMINARY PROSPECTUS  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>MV Oil Trust<BR>  </B></FONT><FONT SIZE=4><B>7,500,000 Trust Units  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="96">

<P>


<FONT SIZE=1>This is an initial public offering of units of beneficial interest in the MV Oil Trust. MV Partners, LLC, which we refer to as "MV Partners" in this prospectus,
has formed the trust and, immediately prior to the closing of this offering, MV Partners will contribute a term net profits interest in oil and natural gas properties to the trust in exchange for
11,500,000 trust units. MV Partners is offering all of the trust units to be sold in this offering and MV Partners will receive all proceeds from the offering. MV Partners is a privately-held limited
liability company engaged in the exploration, development, production, gathering, aggregation and sale of oil and natural gas from properties located in Kansas and eastern Colorado.

 </FONT>

</P>

<P><FONT SIZE=1>There
is currently no public market for the trust units. MV Partners expects that the public offering price will be between $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;per trust unit. The trust intends to
apply to have the trust units approved for listing on the New York Stock Exchange under the symbol "MVO." </FONT></P>

<P><FONT SIZE=1>Trust
units are units of beneficial interest in the trust and represent undivided interests in the trust. They do not represent any interest in MV Partners. </FONT></P>


<P><FONT SIZE=1><B>Investing in the trust units involves a high degree of risk. Before buying any trust units, you should read the discussion of material risks of investing in the trust units in
"Risk Factors" beginning on page&nbsp;20 of this prospectus.</B></FONT></P>

<P><FONT SIZE=1>These
risks include the following: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-9pt;'><FONT SIZE=1>&#149;</FONT></DT><DD><FONT SIZE=1>The
amounts of cash distributions by the trust are subject to fluctuation as a result of changes in oil, natural gas and natural gas liquid prices.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>&#149;</FONT></DT><DD><FONT SIZE=1>Actual
reserves and future net revenues may be less than current estimates of proved reserves, which could reduce cash distributions by the trust and the value of the trust
units.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>&#149;</FONT></DT><DD><FONT SIZE=1>Risks
associated with the production, gathering, transportation and sale of oil, natural gas and natural gas liquids could adversely affect cash distributions by the trust.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>&#149;</FONT></DT><DD><FONT SIZE=1>The
trust and the public trust unitholders will have no voting or managerial rights with respect to MV Partners, the operator of the underlying properties. As a result,
public trust unitholders will have no ability to influence the operation of the underlying properties.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>&#149;</FONT></DT><DD><FONT SIZE=1>The
reserves attributable to the underlying properties are depleting assets and production from those reserves will diminish over time. Furthermore, the trust is precluded
from acquiring other oil and natural gas properties or net profits interests to replace the depleting assets and production.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>&#149;</FONT></DT><DD><FONT SIZE=1>The
amount of cash available for distribution by the trust will be reduced by the amount of any production and development costs, taxes, costs and payments made with respect
to the hedge contracts, capital expenditures and post-production costs.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>&#149;</FONT></DT><DD><FONT SIZE=1>There
has been no public market for the trust units and no independent appraisal of the value of the net profits interest has been performed.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>&#149;</FONT></DT><DD><FONT SIZE=1>Conflicts
of interest could arise between MV Partners and the trust unitholders.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>&#149;</FONT></DT><DD><FONT SIZE=1>Trust
unitholders have limited ability to enforce provisions of the net profits interest.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>&#149;</FONT></DT><DD><FONT SIZE=1>The
trust has not obtained a ruling from the IRS regarding the tax treatment of ownership of the trust units. If the IRS were to determine that the trust is not a "grantor
trust" for federal income tax purposes, the trust unitholders may receive different and less advantageous tax treatment than that described in this prospectus. </FONT></DD></DL>
</UL>

<P><FONT SIZE=1><B>Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of
this prospectus. Any representation to the contrary is a criminal offense.</B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="96">

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="75%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Per Trust Unit</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Total</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=1>Initial public offering price</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=1>Underwriting discounts and commissions(1)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=1>Proceeds, before expenses, to MV Partners</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD><FONT SIZE=1>Excludes
a structuring fee of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;payable to Raymond James&nbsp;&amp; Associates,&nbsp;Inc. for evaluation, analysis and structuring of the&nbsp;trust. </FONT></DD></DL>
<BR>
<HR NOSHADE ALIGN="CENTER" WIDTH="96">

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=1><I>The underwriters may also exercise their option to purchase from affiliates of MV Partners up to 1,125,000 additional trust units at the initial public offering
price, less the underwriting discounts and commissions, within 30&nbsp;days of the date of this prospectus.</I></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
underwriters are offering the trust units as set forth under "Underwriting." Delivery of the trust units will be made on or
about&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2006. </FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="96">
<P ALIGN="CENTER"><FONT SIZE=5><B>RAYMOND JAMES  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=1><B>The date of this prospectus is&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2006  </B></FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=2,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=911819,FOLIO='blank',FILE='DISK131:[06HOU0.06HOU1190]BC1190A.;39',USER='JGRINER',CD=';8-NOV-2006;21:37' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="be1190_oil_and_natural_gas_fields_in_kansas"> </A>
<A NAME="toc_be1190_1"> </A>
<BR>

</FONT>

<FONT SIZE=2><B>Oil and Natural Gas Fields in Kansas

    <BR>    </B></FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> <FONT SIZE=2><B>
<IMG SRC="g868733.jpg" ALT="GRAPHIC" WIDTH="684" HEIGHT="429">
  </B></FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=3,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=985019,FOLIO='blank',FILE='DISK131:[06HOU0.06HOU1190]BE1190A.;17',USER='KBLACKW',CD=';8-NOV-2006;15:09' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_bg1190_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="bg1190_table_of_contents"> </A>
<BR></FONT><FONT SIZE=2><B>TABLE OF CONTENTS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>
<A NAME="BG1190_TOC"></A>

 </FONT></P>


<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#ca1190_prospectus_summary"><FONT SIZE=2>Prospectus Summary</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#cg1190_risk_factors"><FONT SIZE=2>Risk Factors</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#ci1190_forward-looking_statements"><FONT SIZE=2>Forward-Looking Statements</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#ci1190_use_of_proceeds"><FONT SIZE=2>Use of Proceeds</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#ci1190_mv_partners"><FONT SIZE=2>MV Partners</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#cm1190_the_trust"><FONT SIZE=2>The Trust</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#cm1190_projected_cash_distributions"><FONT SIZE=2>Projected Cash Distributions</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#co1190_the_underlying_properties"><FONT SIZE=2>The Underlying Properties</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#cu1190_computation_of_net_proceeds"><FONT SIZE=2>Computation of Net Proceeds</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#da1190_description_of_the_trust_agreement"><FONT SIZE=2>Description of the Trust Agreement</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dc1190_description_of_the_trust_units"><FONT SIZE=2>Description of the Trust Units</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dc1190_trust_units_eligible_for_future_sale"><FONT SIZE=2>Trust Units Eligible for Future Sale</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#de1190_federal_income_tax_consequences"><FONT SIZE=2>Federal Income Tax Consequences</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dg1190_state_tax_considerations"><FONT SIZE=2>State Tax Considerations</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dg1190_erisa_considerations"><FONT SIZE=2>ERISA Considerations</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dg1190_selling_trust_unitholders"><FONT SIZE=2>Selling Trust Unitholders</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#di1190_underwriting"><FONT SIZE=2>Underwriting</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#di1190_legal_matters"><FONT SIZE=2>Legal Matters</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#di1190_experts"><FONT SIZE=2>Experts</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#di1190_where_you_can_find_more_information"><FONT SIZE=2>Where You Can Find More Information</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dk1190_glossary_of_certain_oil_and_natural_gas_terms"><FONT SIZE=2>Glossary of Certain Oil and Natural Gas Terms</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#ez1190_index_to_financial_statements"><FONT SIZE=2>Index to Financial Statements</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#fi1190_information_about_mv_partners,_llc"><FONT SIZE=2>Information about MV Partners,&nbsp;LLC</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#fz1190_index_to_financial_statements_of_mv_partners,_llc"><FONT SIZE=2>Index to Financial Statements of MV Partners, LLC</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#go1190_summary_reserve_report"><FONT SIZE=2>Summary Reserve Report</FONT></A></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You
should rely only on the information contained in this prospectus. The trust has not, MV Partners has not and the underwriters have not, authorized any other person to provide you
with different information. If anyone provides you with different or inconsistent information, you should not rely on it. The trust has not, MV&nbsp;Partners has not, and the underwriters are not,
making an offer to sell these securities in any jurisdiction where an offer or sale is not permitted. You should assume that the information appearing in this prospectus is accurate as of the date on
the front cover of this prospectus only. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>i</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=4,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=693693,FOLIO='i',FILE='DISK131:[06HOU0.06HOU1190]BG1190A.;31',USER='JGRINER',CD=';8-NOV-2006;21:08' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ca1190_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ca1190_prospectus_summary"> </A>
<A NAME="toc_ca1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>PROSPECTUS SUMMARY    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>This summary highlights information contained elsewhere in this prospectus. To understand this offering fully, you should read the entire
prospectus carefully, including the risk factors and the financial statements and notes to those statements. You will find definitions for terms relating to the oil and natural gas business in
"Glossary of Certain Oil and Natural Gas Terms." Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc., an independent engineering firm, provided the estimates of proved oil and natural gas reserves as
of June&nbsp;30, 2006, included in this prospectus. These estimates are contained in a summary prepared by Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc. of its reserve report as of
June&nbsp;30, 2006, for the underlying properties described below. This summary is located at the back of this prospectus as Appendix&nbsp;A, and is referred to in this prospectus as the "reserve
report." Unless otherwise indicated, all information in this prospectus assumes no exercise of the underwriters' option to purchase additional trust units.</I></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>MV Oil Trust  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Oil Trust was formed in August&nbsp;2006, by MV Partners, LLC, which we refer to as "MV Partners." Immediately prior to the closing of this offering, MV
Partners will convey a term net profits interest to the trust that represents the right to receive 80% of the net proceeds (calculated as described below) from all of MV Partners' interests in oil and
natural gas properties as of the date of the conveyance of the net profits interest to the trust, which we refer to as the "net profits interest." These properties are located in the
Mid-Continent region in the States of Kansas and Colorado. We refer to MV Partners' net interests in such properties, subject to all royalties and other burdens on production thereon as of
the date of the conveyance of the net profits interest to the trust, as the "underlying properties." As of June&nbsp;30, 2006, the underlying properties produced predominantly oil from approximately
985 wells, and the projected reserve life of the underlying properties was in excess of 50&nbsp;years. Based on the reserve report, the net profits interest would entitle the trust to receive net
proceeds from the sale of production of 11.5 MMBoe of proved reserves during the term of the trust, calculated as 80% of the proved reserves attributable to the underlying properties expected to be
produced during the term of the trust. Of these reserves, approximately 85% were classified as proved developed producing reserves as of June&nbsp;30, 2006. Production from the underlying properties
for the year ended December&nbsp;31, 2005, was approximately 98% oil and approximately 2% natural gas and natural gas liquids. The underlying properties are all located in mature fields that are
characterized by long production histories and numerous additional development opportunities to help reduce the natural decline in production from the underlying properties. See "&#151;Planned
Development and Workover Program" for a summary of MV Partners' development plans.

 </FONT>

</P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
net profits interest will terminate on the later to occur of (1)&nbsp;June&nbsp;30, 2026, or (2)&nbsp;the time when 14.4 MMBoe have been produced from the underlying properties
and sold (which amount is the equivalent of 11.5 MMBoe in respect of the trust's right to receive 80% of the net proceeds from the underlying properties pursuant to the net profits interest). The
gross proceeds used to calculate the net profits interest will be based on prices realized for oil, natural gas and natural gas liquids attributable to the underlying properties for each calendar
quarter during the term of the net profits interest. MV Partners will deduct from the gross proceeds all hedge payments made by MV Partners to hedge contract counterparties upon monthly settlements of
existing hedge contracts and derivatives to which MV Partners is a party at the time of the closing of this offering, which we refer to as the "hedge contracts." In addition, immediately prior to the
closing of this offering, MV Partners will assign to the trust the right to receive 80% of all amounts payable to MV Partners from hedge contract counterparties upon monthly settlements of the hedge
contracts. In calculating the net proceeds used to calculate the net profits interest, MV Partners will deduct from the gross proceeds from the underlying properties all lease operating expenses,
maintenance expenses and capital expenditures (including the cost of workovers and recompletions, drilling costs and development costs), amounts that may be reserved for future capital expenditures
(which may not exceed $1.0&nbsp;million in the aggregate), </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=5,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=885292,FOLIO='1',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<A NAME="page_ca1190_1_2"> </A>
<BR>

<P><FONT SIZE=2>post-production
costs and production and property taxes paid by MV Partners. For a more complete description of the calculation of net proceeds, see "Computation of Net Proceeds." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
proceeds payable to the trust will depend upon production quantities, sales prices of oil, natural gas and natural gas liquids, and costs to develop and produce the oil, natural gas
and natural gas liquids. If at any time costs should exceed gross proceeds, neither the trust nor the trust unitholders would be liable for the excess costs; the trust, however, would not receive any
net proceeds until future net proceeds exceed the total of those excess costs, plus interest at the prime rate. For the year ended December&nbsp;31, 2005, lease operating expenses were $10.51 per
Boe, and lease maintenance expenses, lease overhead and production and property taxes were $5.44 per Boe, for an aggregate lifting cost of $15.95 per Boe. As substantially all of the underlying
properties are located in mature fields, MV Partners does not expect future costs for the underlying properties to change significantly as compared to recent historical costs other than increases due
to increases in the cost of oilfield services generally. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust will make quarterly cash distributions of substantially all of its quarterly cash receipts, after deduction of fees and expenses for the administration of the trust, to holders
of its trust units during the term of the trust. The first quarterly distribution is expected to be made on or about January&nbsp;25, 2007, with respect to net proceeds from production collected
from the closing of this offering until December&nbsp;31, 2006, together with 80% of all amounts payable to MV Partners from hedge contract counterparties during such period resulting from the
monthly settlements of the hedge contracts. In addition, in connection with the trust's first quarterly distribution, MV Partners will contribute cash in an amount equal to the amount that would have
been payable to the trust as of the closing of this offering had the net profits interest been in effect with respect to all production from the underlying properties since July&nbsp;1, 2006.
Furthermore, this cash contribution by MV Partners will include 80% of all amounts paid to MV Partners from hedge contract counterparties for settlements related to the period from July&nbsp;1, 2006
to the closing of this offering. As a result of the long period of time that will be included in the first quarterly distribution, subsequent quarterly distributions are likely to be less than the
initial distribution. Because payments to the trust will be generated by depleting assets and the



trust has a finite life with the production from the underlying properties diminishing over time, a portion of each distribution will represent a return of your original investment.


</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the years 2006, 2007 and 2008, MV Partners has entered into swap contracts and costless collars at prices ranging from $56 to $68 per barrel of oil that hedge approximately 82% to
86% of expected production from the proved developed producing reserves attributable to the underlying properties in the reserve report. For the years 2009 and 2010, MV Partners has entered into swap
contracts at prices ranging from $63 to $71 per barrel of oil that hedge approximately 80% of expected production from the proved developed producing reserves attributable to underlying properties in
the reserve report. These hedge contracts should reduce the commodity price-related risks inherent in holding interests in oil, a commodity that has historically been characterized by significant
price volatility, during the term of the hedge contracts.

</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
business and affairs of the trust will be managed by the trustee, and MV Partners and its affiliates have no ability to manage or influence the operations of the trust. The
properties comprising the underlying properties for which MV Partners is designated as the operator are currently operated on a contract operator basis by Vess Oil Corporation, which we refer to as
"Vess Oil," and Murfin Drilling Company,&nbsp;Inc., which we refer to as "Murfin Drilling," each of which is an affiliate of MV Energy, LLC, the sole manager of MV Partners. </FONT></P>


<P><FONT SIZE=2><B>Summary of Risk Factors  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An investment in the trust units involves risks associated with fluctuations in energy commodity prices, the operation of the underlying properties, certain
regulatory and legal matters, the structure of the trust and the tax characteristics of the trust units. The following list of factors is not exhaustive. Please read carefully these risks and other
risks described under "Risk Factors." </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=6,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=335301,FOLIO='2',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<A NAME="page_ca1190_1_3"> </A>
<BR>
<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
amounts of cash distributions by the trust are subject to fluctuation as a result of changes in oil, natural gas and natural gas liquid prices.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Actual
reserves and future net revenues may be less than current estimates of proved reserves, which could reduce cash distributions by the trust and the value of the trust
units.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Risks
associated with the production, gathering, transportation and sale of oil, natural gas and natural gas liquids could adversely affect cash distributions by the trust.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
trust and the public trust unitholders will have no voting or managerial rights with respect to MV Partners, the operator of the underlying properties. As a result,
public trust unitholders will have no ability to influence the operation of the underlying properties.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Shortages
of oil field equipment, services and qualified personnel available to MV Partners could reduce the amount of cash available for distribution.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>MV
Partners may transfer all or a portion of the underlying properties at any time, subject to specified limitations, and MV Partners may abandon individual wells or
properties that it reasonably believes to be uneconomic. Under these circumstances, trust unitholders will have no ability to prevent MV Partners from transferring the underlying properties to another
operator, even if the trust unitholders do not believe that operator would operate the underlying properties in the same manner as MV Partners.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
reserves attributable to the underlying properties are depleting assets and production from those reserves will diminish over time. Furthermore, the trust is precluded
from acquiring other oil and natural gas properties or net profits interests to replace the depleting assets and production.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
amount of cash available for distribution by the trust will be reduced by the amount of any production and development costs, taxes, costs and payments made with respect
to the hedge contracts, capital expenditures and post-production costs.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
trustee may, under certain circumstances, sell the net profits interest and dissolve the trust prior to the expected termination of the trust. As a result, trust
unitholders may not recover their investment.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
disposal by the two members of MV Partners of their remaining trust units may reduce the market price of the trust units.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>There
has been no public market for the trust units and no independent appraisal of the value of the net profits interest has been performed.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
market price for the trust units may not reflect the value of the net profits interest held by the trust.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Conflicts
of interest could arise between MV Partners and the trust unitholders.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
trust is managed by a trustee who cannot be replaced except at a special meeting of trust unitholders.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Trust
unitholders have limited ability to enforce provisions of the net profits interest.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Courts
outside of Delaware may not recognize the limited liability of the trust unitholders provided under Delaware law.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
operations of the properties comprising the underlying properties may result in significant costs and liabilities with respect to environmental and operational safety
matters, which could reduce the amount of cash available for distribution to trust unitholders. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=7,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=636881,FOLIO='3',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<A NAME="page_ca1190_1_4"> </A>
<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
operations of the properties comprising the underlying properties are subject to complex federal, state, local and other laws and regulations that could adversely affect
the cash distributions to the trust unitholders.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
trust has not obtained a ruling from the IRS regarding the tax treatment of ownership of the trust units. If the IRS were to determine that the trust is not a "grantor
trust" for federal income tax purposes, the trust unitholders may receive different and less advantageous tax treatment than that described in this prospectus.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
trust's net profits interest may be characterized as an executory contract in bankruptcy, which could be rejected in bankruptcy, thus relieving MV Partners from its
obligations to make payments to the trust with respect to the net profits interest.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>If
the financial position of MV Partners degrades in the future, MV Partners may not be able to satisfy its obligations to the trust.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>The
trust's receipt of payments based on the hedge contracts depends upon the financial position of the hedge contract counterparties. A default by any of the hedge contract
counterparties could reduce the amount of cash available for distribution to the trust unitholders. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><B>Structure of the Trust  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust will issue 11,500,000 units to MV Partners prior to the completion of this offering, and MV Partners will sell approximately 65% of these units in this
offering, or MV Partners and its two members will sell a combined 75% if the underwriters' option to purchase additional trust units from the members is exercised in full. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following chart shows the relationship of MV Partners, the trust and the public trust unitholders, assuming no exercise of the underwriters' option to purchase additional trust
units. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g758270.jpg" ALT="CHART" WIDTH="661" HEIGHT="331">
  </B></FONT></P>

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>In
connection with the closing of this offering, the trust will issue 11,500,000 trust units to MV Partners. MV Partners is offering 7,500,000 trust units to the public pursuant to
this offering. Immediately following the closing of this offering, MV Partners intends to sell at the initial public offering price the remaining 4,000,000 trust units to its two members, MV Energy,
LLC, which we refer to as "MV Energy," and VAP-I, LLC, which we refer to as "VAP-I," in exchange for cash in </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=8,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=758639,FOLIO='4',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<A NAME="page_ca1190_1_5"> </A>
<UL>

<P><FONT SIZE=2>the
amount of $8.0&nbsp;million and promissory notes. The underwriters may exercise their option to purchase up to 1,125,000 trust units in the aggregate at the initial public offering price, less
the underwriting discounts and commissions, within 30&nbsp;days of the date of this prospectus from MV Energy and VAP-I on a pro rata basis. </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Represents
MV Partners' net interests in the properties comprising the underlying properties. MV Partners' net interests in the properties comprising the underlying properties on
average consist of an approximate 94.6% working interest in the leasehold interests to which the underlying properties relate (or, after taking into account royalty interests and other
non-working interests, an approximate 83.6% net revenue interest in the oil and natural gas properties to which the underlying properties relate). </FONT></DD></DL>


<P><FONT SIZE=2><B>The Underlying Properties  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The underlying properties consist of MV Partners' net interests in all of its oil and natural gas properties subject to all royalties and other burdens on
production thereon as of the date of conveyance of the net profits interest to the trust. These oil and natural gas properties consist of approximately 985 producing oil and natural gas wells on
approximately 202 leases. MV Partners acquired the underlying properties in two transactions, the first of which was in 1998 when it acquired a substantial portion of the underlying properties from a
major oil and gas company, and the second of which was in 1999 when it acquired the remaining portion of the underlying properties from a large independent oil and natural gas company. As of
June&nbsp;30, 2006, proved reserves attributable to the underlying properties, as estimated in the reserve report, were approximately 18.7 MMBoe with a PV-10 of $358.7&nbsp;million.
During the six months ended June&nbsp;30, 2006, average net daily production from the underlying properties was 2,904 Boe per day. MV Partners' net interests in the properties comprising the
underlying properties require MV Partners to bear its proportionate share, along with the other working interest owners, of the costs of development and operation of such properties. Affiliates of MV
Partners are currently the operators or contract operators of substantially all of the underlying properties. Based on the reserve report, the net profits interest would entitle the
trust to receive net proceeds from the sale of production of approximately 11.5 MMBoe of proved reserves during the term of the trust, calculated as 80% of the proved reserves attributable to the
underlying properties expected to be produced during the term of the net profits interest. The reserves attributable to the underlying properties include all reserves expected to be economically
produced during the life of the properties, whereas the trust is entitled to only receive 80% of the net proceeds from the sale of production of oil, natural gas and natural gas liquids attributable
to the underlying properties during the term of the net profits interest. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners' interest in the underlying properties after deducting the net profits interest entitles it to 20% of the net proceeds from the sale of production of oil, natural gas and
natural gas liquids attributable to the underlying properties during the term of the net profits interest and all of the net proceeds thereafter. The two members of MV Partners also intend to retain
approximately 35% of the trust units following the closing of this offering, assuming no exercise of the underwriters' option to purchase additional trust units. The trust units retained by the two
members of MV Partners are subject to lock-up arrangements. See "Trust Units Eligible for Future Sale&#151;Lock-up Agreements." MV Partners believes that its retained ownership interests in the
underlying properties and its members' ownership of trust units, which collectively entitle MV&nbsp;Partners and its members to receive 48% of the net proceeds from the underlying properties, will
provide sufficient incentive to operate (or cause to be operated) and develop the oil and natural gas properties comprising the underlying properties in an efficient and cost-effective
manner. In addition, MV Partners has agreed to use commercially reasonable efforts to cause the operators of the underlying properties to operate these properties in the same manner it would if these
properties were not burdened by the net profits interest. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=9,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=46053,FOLIO='5',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<A NAME="page_ca1190_1_6"> </A>
<BR>

<P><FONT SIZE=2><B>Major Producing Areas  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of June&nbsp;30, 2006, approximately 76% of the proved reserves attributable to the underlying properties and 62% of the net acres included in the underlying
properties are located in the El Dorado Area, which is located in southeastern Kansas, and in the Northwest Kansas Area. The underlying properties are all located in mature fields that are
characterized by long histories and numerous additional development opportunities to help reduce the natural decline in production from the underlying properties. See "&#151;Planned Development
and Workover Program" for a summary of MV Partners' development plans. Approximately 98% of the future production from the underlying properties is expected to be oil and the remaining production is
expected to be natural gas and natural gas liquids. </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>El Dorado Area.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of June&nbsp;30, 2006, proved reserves attributable to the underlying properties in the El
Dorado Area were 6.1 MMBoe. The underlying properties in this area cover approximately 15,405 gross acres (15,393 net acres) in southeastern Kansas. The underlying properties
are located in the El Dorado, Augusta and Valley Center Fields. The El Dorado Area has produced more than 370 MMBbls of oil since 1914. Wells in this area produce from a variety of productive zones
and primarily from formations of less than 3,000 feet in depth. During the six months ended June&nbsp;30, 2006, the average net daily production for the underlying properties in this area was
approximately 886 Bbls of oil.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Northwest Kansas Area.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of June&nbsp;30, 2006, proved reserves attributable to the underlying properties in
the Northwest Kansas Area were 8.2 MMBoe. The underlying properties in this area cover approximately 11,885 gross acres (11,840 net acres) in the Bemis-Shutts, Trapp, Ray and Hansen Fields located in
Ellis, Russell and Phillips Counties, Kansas. These fields have produced more than 530 MMBbls of oil since 1928. Wells in this area produce from a variety of productive zones and primarily from
formations of less than 4,500 feet in depth. During the six months ended June&nbsp;30, 2006, the average net daily production for the underlying properties in this area was approximately 1,253 Bbls
of oil. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><B>Planned Development and Workover Program  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since acquiring the underlying properties in 1998 and 1999, MV Partners has implemented a development program on the properties comprising the underlying
properties to further develop proved undeveloped reserves and help reduce the natural decline in production. These activities included recompletion of certain existing wells into new producing
horizons, the drilling of infill development wells, 3-D seismic surveys, workover programs and implementing new technologies in various projects. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners expects total capital expenditures for the underlying properties during the next five years will be approximately $17&nbsp;million. Of this total, MV Partners contemplates
spending approximately $12.8&nbsp;million to drill approximately 65 development wells in ten project areas and approximately $4.1&nbsp;million for recompletions and workovers of existing wells. MV
Partners expects that these capital projects will add production that will partially reduce the natural decline in production otherwise expected to occur with respect to the underlying properties, as
described in more detail below. The trust is not directly obligated to pay any portion of any capital expenditures made with respect to the underlying properties; however, capital expenditures made by
MV Partners with respect to the underlying properties will be deducted from the gross proceeds in calculating the net proceeds from which cash will be paid to the trust. As a result, the trust will
indirectly bear an 80% (subject to certain limitations during the final three years of the trust, as described below) share of any capital expenditures made with respect to the underlying properties.
Accordingly, higher or lower capital expenditures will, in general, directly decrease or increase, respectively, the cash received by the trust in respect of its net profits interest. As the cash
received by the trust in respect of the net profits interest will be reduced by the trust's pro rata share of these capital expenditures, MV Partners expects that it

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=10,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=942040,FOLIO='6',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<A NAME="page_ca1190_1_7"> </A>
<BR>

<P><FONT SIZE=2>


will incur capital expenditures with respect to the underlying properties throughout the term of the trust on a basis that balances the impact of the capital expenditures on current cash distributions
to the trust unitholders with the longer term benefits of increased oil and natural gas production expected to result from the capital expenditures. In addition, MV&nbsp;Partners may establish a
capital reserve of up to $1.0&nbsp;million to reduce the impact on distributions of uneven capital expenditure timing.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners, as the operator of the underlying properties, is entitled to make all determinations related to capital expenditures with respect to the underlying properties, and there are
no limitations on the amount of capital expenditures that MV Partners may incur with respect to the underlying properties, except as described below. As the trust unitholders would not be expected to
fully realize the benefits of capital expenditures made with respect to the underlying properties towards the end of the term of the trust, during each twelve-month period beginning on the later to
occur of (1)&nbsp;June&nbsp;30, 2023 and (2)&nbsp;the time when 13.2 MMBoe have been produced from the underlying properties and sold (which is the equivalent of 10.6 MMBoe in respect of the net
profits interest), capital expenditures that may be taken into account in calculating net proceeds attributable to the net profits interest will be limited to the average annual capital expenditures
during the preceding three years, as adjusted for inflation. See "Computation of Net Proceeds&#151;Net Profits Interest." </FONT></P>

<P><FONT SIZE=2><B>MV Partners  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners is a privately-held limited liability company engaged in the exploration, development, production, gathering, aggregation and sale of oil and natural
gas from properties located in Kansas and eastern Colorado. MV Partners was formed in August&nbsp;2006 as a result of the conversion of MV Partners, LP to a limited liability company. MV Partners,
LP was formed in 1998 to acquire oil and natural gas properties and related assets located in Kansas and eastern Colorado from a major oil and gas company. MV Energy, LLC, which was also formed in
1998, serves as the sole manager of MV
Partners and was previously the general partner of MV Partners, LP until its conversion into a limited liability company in August&nbsp;2006. MV Energy is owned equally by Vess Acquisition Group,
L.L.C. and Murfin,&nbsp;Inc. Vess Oil and Murfin Drilling operate the properties held by MV Partners for which MV Partners is designated as the operator. Vess Oil and Murfin Drilling have
collectively operated oil and natural gas properties in Kansas for more than 70&nbsp;years and, according to the 2005 Kansas Geological Survey, were the largest and the third largest operators of
oil and gas properties in Kansas, respectively, measured by production. As of June&nbsp;30, 2006, MV Partners held interests in approximately 985 gross (902 net) producing wells, and proved reserves
of the underlying properties were approximately 18.7 MMBoe. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
the year ended December&nbsp;31, 2005, MV Partners had revenues and net income of $36.2&nbsp;million and $13.1&nbsp;million, respectively. For the six months ended
June&nbsp;30, 2006, MV Partners had revenues and net income of $17.9&nbsp;million and $3.5&nbsp;million, respectively, compared to revenues and net income for the six months ended
June&nbsp;30, 2005 of $15.3&nbsp;million and $4.8&nbsp;million, respectively. As of June&nbsp;30, 2006, MV Partners had total assets of $68.6&nbsp;million and total liabilities of
$127.8&nbsp;million, including bank debt outstanding of $84.5&nbsp;million. As of June&nbsp;30, 2006, the underlying properties owned by MV Partners had a PV-10 of
$358.7&nbsp;million. Giving pro forma effect to the offering of the trust units contemplated by this prospectus and the application of the net proceeds as described in "Use of Proceeds," as of
June&nbsp;30, 2006, MV Partners would have had total assets of $57.9&nbsp;million and total liabilities of $192.6&nbsp;million, including bank debt outstanding of $23.5&nbsp;million. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
address of MV Partners is 250 N. Water, Suite 300, Wichita, Kansas 67202 and its telephone number is (316)&nbsp;267-3241. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=11,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=630779,FOLIO='7',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<A NAME="page_ca1190_1_8"> </A>
<BR>

<P><FONT SIZE=2><B>Key Investment Considerations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following are some key investment considerations related to the underlying properties, the net profits interest and the trust units: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Strong Oil Pricing Fundamentals.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Substantially all of the production from the underlying properties consists of
crude oil. Crude oil prices have increased substantially during the last several years, primarily due to increased demand for crude oil on a worldwide basis without a corresponding increase in crude
oil production. In addition, geopolitical instability and military conflicts in certain significant oil producing nations have led to supply interruptions and increased uncertainty regarding the
levels of future supplies of crude oil. MV Partners has entered into hedge contracts with respect to a large portion of its total estimated oil production from the underlying properties during 2006
through 2010 which hedge contracts are intended to provide returns to unitholders and reduce the fluctuations
in cash distributions to unitholders resulting from fluctuations in crude oil prices. As these hedge contracts cease to exist thereafter, unitholders' exposure to fluctuations in commodity prices,
particularly fluctuations in crude oil prices, will increase. Under the terms of the conveyance, MV Partners will be prohibited from entering into hedging arrangements covering the oil and natural gas
production from the underlying properties following the completion of this offering.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Long-Lived Oil-Producing Properties.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Oil-producing properties in the
Mid-Continent region have historically had stable production profiles and generally had long-lived production, often with total economic lives in excess of 100&nbsp;years.
Since MV Partners acquired the underlying properties in 1998 and 1999, proved reserves attributable to the underlying properties have remained relatively stable, ranging from approximately 24.3 MMBoe
as of December&nbsp;31, 1999, to approximately 18.7 MMBoe as of June&nbsp;30, 2006. Based on the reserve report, production from the underlying properties is expected to decline at an average
annual rate of approximately 3.5% over the next 20&nbsp;years assuming no additional development drilling or other capital expenditures are made after 2010 on the underlying properties.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Substantial Proved Developed Producing Reserves.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Proved developed producing reserves are the most valuable and
lowest risk category of reserves because production has already commenced and the reserves do not require significant future development costs. Proved developed producing reserves attributable to the
underlying properties represent approximately 88% of the discounted present value of estimated future net revenues from the underlying properties.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Ongoing Development Activities.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;MV Partners has identified multiple locations on the underlying properties where
it intends to drill new infill wells and recomplete existing wells into new horizons in the future. See "&#151;Planned Development and Workover Program" for a summary of MV Partners'
development plans. These locations are currently classified as proved undeveloped reserves on the reserve report. If these wells are successfully completed, the additional production from these wells
could help reduce the natural decline in production from the underlying properties. Any additional revenue received by MV Partners from this additional production could have the effect of increasing
future distributions to the trust unitholders. In addition, because many of these wells are drilled to a shallow depth or involve the use of existing wellbores, the cost of drilling these wells is
generally less than the cost of a typical development well.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Operational Control.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The right to operate an oil and natural gas lease is important because the operator can
control the timing and amount of discretionary expenditures for operational and development activities. MV Partners is designated as the operator of approximately 96% of the underlying properties,
based on the discounted present value of estimated future net revenues. Vess Oil and Murfin Drilling, each of which is an affiliate of MV Partners, operate, on a contract basis, the underlying
properties for which MV Partners is designated as the operator. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=12,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=914320,FOLIO='8',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<A NAME="page_ca1190_1_9"> </A>
<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Aligned Interests of Sponsor.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Following the closing of this offering, MV Partners and its members will be
entitled to receive 48% of the net proceeds attributable to the sale of oil, natural gas and natural gas liquids produced from the underlying properties, assuming no exercise of the underwriters'
option to purchase additional trust units. This 48% interest will consist of (1)&nbsp;the 20% of the net proceeds from the sale of production of oil, natural gas and natural gas liquids attributable
to the underlying properties that is retained by MV Partners after transferring to the trust the net profits interest and (2)&nbsp;the ownership by the members of MV Partners of approximately 35% of
the trust units following the closing of this offering, assuming no exercise of the underwriters' option to purchase additional trust units.

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Downside Oil Price Protection During the First Five Years of the Trust.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The gross proceeds will be based on the
market prices realized for oil, natural gas and natural gas liquids produced from the underlying properties net of all payments made by MV Partners to hedge contract counterparties upon monthly
settlements of the hedge contracts that relate to a portion of the anticipated oil production attributable to the underlying properties. In addition, the trust will be entitled to receive 80% of all
amounts payable to MV Partners from hedge contract counterparties upon monthly settlements of the hedge contracts. For the years 2006, 2007 and 2008, MV Partners has entered into swap contracts and
costless collars at prices ranging from $56 to $68 per barrel of oil that hedge approximately 82% to 86% of expected production from the proved developed producing reserves attributable to the
underlying properties in the reserve report. For the years 2009 and 2010, MV Partners has entered into swap contracts at prices ranging from $63 to $71 per barrel of oil that hedge approximately 80%
of expected production from the proved developed producing reserves attributable to underlying properties in the reserve report. These hedge contracts should reduce the commodity price-related risks
inherent in holding interests in oil, a commodity that has historically been characterized by significant price volatility, during the term of the hedge contracts.

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Diversified Well Locations.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The proved reserves attributable to the underlying properties are allocated among
approximately 985 producing wells located in 20 counties in Kansas and Colorado. As a result, the loss of production from any one well or group of wells is not likely to have a material adverse effect
on the net proceeds from the sale of production that are allocable to the trust. </FONT></DD></DL>
</UL>
<BR>

<P><FONT SIZE=2><B>Summary Proved Reserves  </B></FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summary Proved Reserves of Underlying Properties and Net Profits Interest.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of June&nbsp;30, 2006, estimated proved
reserves attributable to the underlying properties were approximately 98% oil and 2% natural gas and natural gas liquids, based on the reserve report. The following table sets forth, as of
June&nbsp;30, 2006, certain estimated proved oil, natural gas and natural gas liquid reserves, estimated future net revenues and the discounted present value thereof attributable to the underlying
properties and the net profits interest, in each case derived from the reserve report. The reserve report was prepared by Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc. in accordance with criteria
established by the Securities and Exchange Commission, or SEC. Proved reserves reflected in the table below for the underlying properties and the net profits interest are based on oil, natural gas and
natural gas liquid prices realized by MV Partners as of June&nbsp;30, 2006, which were $70.68 per Bbl of oil, $5.07 per Mcf of natural gas and $56.37 per Bbl of natural gas liquids. Oil equivalents
in the table are the sum of the Bbls of oil, the Boe of the stated Mcfs of natural gas, calculated on the basis that six Mcfs of natural gas is the energy equivalent of one Bbl of oil, and the Boe of
the stated Bbls of natural gas liquids, calculated on the basis that 1.54 Bbls of natural gas liquids is the energy equivalent of one Bbl of oil. The estimated future net revenues attributable to the
net profits interest as of June&nbsp;30, 2006, are net of the trust's proportionate share of all costs deducted from revenue pursuant to the terms of the conveyance creating the net profits interest
and include only the reserves attributable to the underlying </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>9</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=13,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=557692,FOLIO='9',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<A NAME="page_ca1190_1_10"> </A>

<P><FONT SIZE=2>properties
that are expected to be produced within the term of the net profits interest. The estimated future net revenues from proved reserves also gives effect to the impact of the hedge contracts
on the price received in connection with the sale of oil production from the underlying properties. The reserve report is included as Appendix&nbsp;A to this prospectus. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="93%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="20%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=7 ALIGN="CENTER"><FONT SIZE=1><B>Proved&nbsp;Reserves</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Estimated&nbsp;Future&nbsp;Net&nbsp;Revenues<BR>
from Proved Reserves</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="20%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>Oil (MBbl)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="CENTER"><FONT SIZE=1><B>Natural Gas<BR>
(MMcf)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="CENTER"><FONT SIZE=1><B>Natural Gas<BR>
Liquids<BR>
(MBbl)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Oil<BR>
Equivalent<BR>
(MBoe)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Undiscounted</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Discounted(1)</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="20%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands, except per unit data)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="20%"><FONT SIZE=2>Underlying properties (100%)(2)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>18,424</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,422</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>106</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>18,730</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>784,132</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>358,737</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="20%"><FONT SIZE=2>Underlying properties (80%)(3)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>11,302</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,006</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>71</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>11,516</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>523,423</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>278,629</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="20%"><FONT SIZE=2>Net profits interest(4)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>7,318</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>683</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>48</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>7,463</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>523,423</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>278,629</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="20%"><FONT SIZE=2>Amount per trust unit(5)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>45.52</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>24.23</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>The
present values of estimated future net revenues for the underlying properties and the net profits interest were determined using a discount rate of 10% per annum. As of
June&nbsp;30, 2006, MV Partners was structured as a limited partnership. Accordingly, no provision for federal or state income taxes has been provided because taxable income was passed through to
the members of MV Partners. Therefore, the standardized measure of the underlying properties is equal to the PV-10, which totaled $358.7&nbsp;million as of June&nbsp;30, 2006.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Reserve
volumes and estimated future net revenues for the underlying properties reflect volumes and revenues attributable to MV Partners' net interest in the properties comprising the
underlying properties.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD><FONT SIZE=2>Reflects
80% of proved reserves attributable to the underlying properties expected to be produced within the term of the net profits interest based on the reserve report. Estimated
future net revenues from proved reserves takes into account future estimated costs that are deducted in calculating net proceeds.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD><FONT SIZE=2>Proved
reserves for the net profits interest are calculated as (x)&nbsp;80% of proved reserves of the underlying properties </FONT><FONT SIZE=2><I>less</I></FONT><FONT SIZE=2>
(y)&nbsp;reserve quantities of a sufficient value to pay 80% of the future estimated costs that are deducted in calculating net proceeds. Accordingly, proved reserves for the net profits interest
reflect quantities expected to be produced during the term of the net profits interest that are calculated after reductions for future costs and expenses based on price and cost assumptions used in
the reserve estimates. Estimated future net revenues from proved reserves takes into account future estimated costs that are deducted in calculating net proceeds.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(5)</FONT></DT><DD><FONT SIZE=2>Assumes
11,500,000 trust units outstanding. </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>10</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=10,SEQ=14,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=852936,FOLIO='10',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<A NAME="page_ca1190_1_11"> </A>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual Production Attributable to Net Profits Interest.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The following graph shows estimated monthly production of total
proved reserves attributable to the net profits interest during the term of the net profits interest based upon the pricing and other assumptions set forth in the reserve report. This graph presents
the total proved reserves broken down by three reserve categories: proved developed producing, proved developed non-producing and proved undeveloped reserves, which demonstrates the impact
of developmental drilling and well re-completion and workover activities that MV Partners expects to undertake with respect to the underlying properties within the next five years. For a
description of MV&nbsp;Partners' planned development, workover and recompletion programs over the next five years, see "The&nbsp;Underlying Properties&#151;Planned Development and
Workover&nbsp;Program." </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g709503.jpg" ALT="GRAPH" WIDTH="616" HEIGHT="432">
  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>11</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=11,SEQ=15,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=491125,FOLIO='11',FILE='DISK131:[06HOU0.06HOU1190]CA1190A.;49',USER='KBLACKW',CD=';8-NOV-2006;12:23' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_cc1190_1_12"> </A> </FONT> <FONT SIZE=2><B>Historical Results from the Underlying Properties  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The selected financial data presented below should be read in conjunction with the audited statements of historical revenues and direct operating expenses and the
unaudited statements of historical revenues and direct operating expenses of the underlying properties, the related notes and "Discussion and Analysis of Historical Results of the Underlying
Properties" included elsewhere in this prospectus. The following table sets forth revenues, direct operating expenses and the excess of revenues over direct operating expenses relating to the
underlying properties for the three years in the period ended December&nbsp;31, 2005, and for the six-month periods ended June&nbsp;30, 2005 and 2006, derived from the underlying properties'
audited and unaudited statements of historical revenues and direct operating expenses included elsewhere in this prospectus. The unaudited statements were prepared on a basis consistent with the
audited statements and, in the opinion of MV Partners, include all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the revenues, direct operating expenses and
the excess of revenues over direct operating expenses relating to the underlying properties for the periods presented. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="95%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December&nbsp;31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six months ended<BR>
June&nbsp;30</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=14 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Revenues:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Oil sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>34,610</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>44,364</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>57,353</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>25,868</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>32,928</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>562</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>571</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>609</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>229</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>314</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas liquid sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>247</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>294</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>312</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>133</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>151</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Hedge and other derivative activity</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>(7,383</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(14,403</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(22,319</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(10,912</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(15,587</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="34%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>28,036</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>30,826</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>35,955</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,318</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17,806</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Direct operating expenses:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease operating expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>10,156</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>10,430</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>11,307</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5,237</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5,565</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease maintenance</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1,334</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,454</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,916</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>584</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,052</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease overhead</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2,047</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>2,015</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>2,068</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,016</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,097</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Production and property tax</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1,322</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,389</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,867</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>945</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,864</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="34%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>14,859</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,288</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17,158</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>7,782</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>9,578</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Excess of revenues over direct operating expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>13,177</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,538</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>18,797</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>7,536</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>8,228</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners has historically entered into certain hedging arrangements and other derivatives to reduce the exposure of the revenues from oil production for the underlying properties to
fluctuations in crude oil prices. In addition, MV Partners was required under the terms of its original agreement of limited partnership to hedge approximately 80% of its expected annual proved
producing reserves. As a result of the repurchase of the limited partner interest in MV Partners in 2005 as described in "MV Partners," this requirement is no longer in effect. From 2003 to 2005,
approximately 70% to 74% of the actual oil production volumes were subject to these hedging arrangements with settlement prices ranging from $20.10 to $33.60 per barrel. During that same period, the
average NYMEX price per barrel of crude oil was between $31.07 and $56.67. These hedging arrangements have now expired and will not impact the amount of cash available for distribution to the trust.
The settlement prices of the existing hedge contracts range from $56 to $71 and are more consistent with current crude oil prices. The following table sets forth the excess of revenues over direct
operating expenses for the underlying properties, excluding the effects of hedges and other derivative activity, for the years ended December&nbsp;31, 2003, 2004 and 2005 and for the six months
ended June&nbsp;30, 2005 and 2006. Although not prescribed by generally accepted accounting principles, MV Partners believes the presentation of this information is relevant and useful because it
helps investors in the trust units understand the operating

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>12</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=16,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=694935,FOLIO='12',FILE='DISK131:[06HOU0.06HOU1190]CC1190A.;35',USER='MBLOUNT',CD=';6-NOV-2006;22:33' -->
<A NAME="page_cc1190_1_13"> </A>
<BR>

<P><FONT SIZE=2>


performance of the underlying properties unaffected by these hedging arrangements and other derivatives, which have now expired. The management of MV Partners uses this information for similar
purposes. These amounts should not be considered in isolation from or as a substitute for any other financial measure.

 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="93%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="41%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December&nbsp;31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six months ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="41%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="41%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=14 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="41%"><FONT SIZE=2>Excess of revenues over direct operating expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>13,177</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,538</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>18,797</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>7,536</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>8,228</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="41%"><FONT SIZE=2>Hedge and other derivative activity</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>7,383</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>14,403</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>22,319</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>10,912</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,587</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="41%"><FONT SIZE=2>Excess of revenues over direct operating expenses excluding hedge and other derivative activity</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>20,560</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>29,941</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>41,116</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>18,448</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>23,815</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the terms of the conveyance of the net profits interest, all lease operating expenses, maintenance expenses and capital expenditures (including the cost of workovers and
recompletions, drilling costs and development costs), amounts that may be reserved for future capital expenditures (which may not exceed $1.0&nbsp;million in the aggregate),
post-production costs, production and property taxes paid by MV Partners will be deducted from the gross proceeds derived from the sale of production from the underlying properties and any
payments made by MV Partners under the hedge contracts will be included for purposes of determining the amount of the quarterly net profits interest payment to be made to the trust. In addition, the
trust will be entitled to receive 80% of all amounts payable to MV Partners from hedge contract counterparties upon monthly settlements of the hedge contracts. Trust unitholders are not obligated to
bear any administrative expenses of MV Partners, except that the trust has entered into an administrative services agreement with MV Partners pursuant to which MV Partners has agreed to perform
specified administrative services on behalf of the trust, for which MV Partners will be paid an annual fee of $60,000, increasing at 4% per year beginning in January&nbsp;2007. See "Computation of
Net Proceeds" and "Description of the Trust Agreement." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table provides oil and natural gas sales volumes, average sales prices and capital expenditures relating to the underlying properties for the three years in the period
ended December&nbsp;31, 2005, and for the six-month periods ended June&nbsp;30, 2005 and 2006. Sales volumes for natural gas liquids during the periods presented were not significant. Average
prices do not include the effect of hedge and other derivative activity. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="89%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six&nbsp;months&nbsp;ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>Operating data:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Sales volumes:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Oil (MBbls)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,198</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,127</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,058</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>520</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>515</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Natural gas (MMcf)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>116</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>104</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>89</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>39</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>51</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Average prices:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Oil (per Bbl)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>28.89</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>39.37</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>54.21</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>49.73</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>63.92</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Natural gas (per Mcf)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>4.84</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>5.51</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>6.83</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>5.86</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>6.15</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>Capital expenditures (in thousands):</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Property acquisition</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,108</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,380</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,895</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>732</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>752</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Well development</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>172</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>297</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>381</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>299</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>46</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,280</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,677</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2,276</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,031</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>798</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>13</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=17,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=694909,FOLIO='13',FILE='DISK131:[06HOU0.06HOU1190]CC1190A.;35',USER='MBLOUNT',CD=';6-NOV-2006;22:33' -->
<A NAME="page_cc1190_1_14"> </A>

<P><FONT SIZE=2><B>Summary Projected Cash Distributions  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth a projection of cash distributions to holders of trust units who own trust units as of the record date for the distribution related
to oil, natural gas and natural gas liquid production for the first quarter of 2007 and continue to own those trust units through the record date for the cash distribution payable with respect to oil,
natural gas and natural gas liquid production for the last quarter of 2007. The table also reflects the methodology for calculating the projected cash distribution. The cash distribution projections
were prepared by MV Partners for the twelve months ending December&nbsp;31, 2007, on an accrual of production basis based on the hypothetical assumptions that are described below and in "Projected
Cash Distributions&#151;Significant Assumptions Used to Prepare the Projected Cash Distributions." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners does not as a matter of course make public projections as to future sales, earnings or other results. However, the management of MV Partners has prepared the projected
financial information set forth below to present the projected cash distributions to the holders of the trust units based on the estimates and hypothetical assumptions described below. The
accompanying unaudited projected financial information was generally prepared with a view toward complying with the guidelines established by the American Institute of Certified Public Accountants,
which we refer to as the "AICPA." The preparation of the projected financial information diverged from the AICPA's guidelines, however, in that the AICPA recommends that projected financial
information not be presented to persons who do not have the opportunity to negotiate directly with the preparer of such information. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the view of MV Partners' management, the accompanying unaudited projected financial information was prepared on a reasonable basis and reflects the best currently available estimates
and judgments of MV Partners related to oil, natural gas and natural gas liquid production, operating expenses and capital expenses, based on: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
oil, natural gas and natural gas liquid production estimates contained in the reserve report included as Appendix&nbsp;A to this prospectus; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
lease operating expenses, lease maintenance and development expenses, lease overhead expenses, production and property taxes and hedge settlement expenses for the twelve
months ending December&nbsp;31, 2007, contained in the reserve report. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
projected financial information was also based on the hypothetical assumption that prices for oil, natural gas and natural gas liquids remain constant during the twelve months ending
December&nbsp;31, 2007, at First Call consensus price forecasts for 2007 as of August&nbsp;3, 2006, which were $63.04 per Bbl of oil and $8.08 per Mcf of natural gas (which prices exclude the
effects of financial hedging arrangements). Because there is no First Call consensus price for natural gas liquids, MV Partners used a hypothetical price equal to approximately 80% of the price used
in the projected cash distribution table for oil, which is consistent with the historical pricing realized by MV Partners for natural gas liquids and is the methodology used in the reserve report.
These hypothetical prices were adjusted to take into account MV Partners' estimate of the basis differential (based on location and quality of the production) between published prices and the prices
actually received by MV Partners. Actual prices paid for oil, natural gas and natural gas liquids expected to be produced from the underlying properties in 2007 will likely differ from these
hypothetical prices due to fluctuations in the prices generally experienced with respect to the production of oil, natural gas and natural gas liquids, and such prices may be higher or lower than
utilized for purposes of the projected financial information. For example, the published average monthly closing NYMEX crude oil spot price per Bbl was $67.04 for the six&nbsp;months ended
June&nbsp;30, 2006, with the monthly closing prices ranging from $62.02 to $71.03 during such period. See "Risk Factors&#151;The amounts of the cash distributions by the trust are subject to
fluctuation as a result of changes in oil, natural gas and natural gas liquid prices." </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>14</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=18,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=338398,FOLIO='14',FILE='DISK131:[06HOU0.06HOU1190]CC1190A.;35',USER='MBLOUNT',CD=';6-NOV-2006;22:33' -->
<A NAME="page_cc1190_1_15"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners utilized these production estimates, hypothetical oil, natural gas and natural gas liquid prices and cost estimates in preparing the projected financial information. This
methodology is consistent with the requirements of the SEC for estimating oil, natural gas and natural gas liquid reserves and discounted present value of future net revenues attributable to the net
profits interest, other than the use of First Call consensus price forecasts rather than the use of constant prices based on the prices in effect at the time of the reserve estimate as required by the
rules and regulations of the SEC. The actual production amounts, commodity prices and costs for 2007, however, are not known for certain, and the projected financial information should not be relied
upon as being necessarily indicative of future results. Readers of this prospectus are cautioned not to place undue reliance on the projected financial information. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
MV Partners' independent auditors, nor any other independent accountants, have compiled, examined or performed any procedures with respect to the projected financial information
contained
herein, nor have they expressed any opinion or any other form of assurance on such information or its achievability, and assume no responsibility for, and disclaim any association with, the projected
financial information. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
projections and the estimates and hypothetical assumptions on which they are based are subject to significant uncertainties, many of which are beyond the control of MV Partners or
the trust. </FONT><FONT SIZE=2><B>Actual cash distributions to trust unitholders, therefore, could vary significantly based upon events or conditions occurring that are different from the events or
conditions assumed to occur for purposes of these projections.</B></FONT><FONT SIZE=2> Cash distributions to trust unitholders will be particularly sensitive to fluctuations in oil, natural gas and
natural gas liquid prices. See "Risk Factors&#151;The amounts of the cash distributions by the trust are subject to fluctuation as a result of changes in oil, natural gas and natural gas liquid
prices." </FONT><FONT SIZE=2><B>As a result of typical production declines for oil and natural gas properties, production estimates generally decrease from year to year, and the projected cash
distributions shown in the table below are not necessarily indicative of distributions for future years.</B></FONT><FONT SIZE=2> See "Projected Cash Distributions&#151;Sensitivity of Projected
Cash Distributions to Oil, Natural Gas and Natural Gas Liquid Production," which shows projected effects on cash distributions from hypothetical changes in oil production. Because payments to the
trust will be generated by depleting assets and the trust has a finite life with the production from the underlying properties diminishing over time, a portion of each distribution will represent a
return of your original investment. See "Risk Factors&#151;The reserves attributable to the underlying properties are depleting assets and production from those reserves will diminish over
time. Furthermore, the trust is precluded from acquiring other oil and natural gas properties or net profits interests to replace the depleting assets and production." </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>15</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=19,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=450445,FOLIO='15',FILE='DISK131:[06HOU0.06HOU1190]CC1190A.;35',USER='MBLOUNT',CD=';6-NOV-2006;22:33' -->
<A NAME="page_cc1190_1_16"> </A>

<!-- User-specified TAGGED TABLE -->


<DIV ALIGN="CENTER"><TABLE WIDTH="64%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=1><B>Projected Cash Distributions<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Projection for Twelve Months<BR>
Ending December&nbsp;31, 2007,<BR>
Based&nbsp;on&nbsp;Oil,&nbsp;Natural&nbsp;Gas&nbsp;and<BR>
Natural Gas Liquid<BR>
Production in Reserve Report</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(dollars in thousands, except per Bbl, Mcf and per unit amounts)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Underlying Properties sales volumes:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Oil (MBbls)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>1,104.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas (MMcf)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>131.5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas liquids (MBbls)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>8.6</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Assumed sales price:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Oil (per Bbl)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>58.74</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas (per Mcf)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>6.85</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas liquids (Bbls)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>46.84</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Calculation of net proceeds:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Gross proceeds:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Oil sales</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>64,846</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas sales</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>901</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas liquid sales</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>405</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Payments made to settle hedge contracts</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>(908</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="57%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>65,244</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Costs:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease operating expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>11,727</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease maintenance and development expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>5,135</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease overhead expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>2,239</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Production and property taxes</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>2,477</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="57%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>21,578</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Net proceeds</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>43,666</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Percentage allocable to net profits interest</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Net proceeds to trust from net profits interest</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>34,933</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Amounts payable to MV Partners to settle hedge contracts</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>550</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Percentage allocable to trust</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Payments to trust from hedge contracts</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>440</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Total cash proceeds to trust</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>35,373</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Trust administrative expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>662</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Projected cash distribution on trust units</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>34,711</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Projected cash distribution per trust unit(1)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>3.02</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>


<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Assumes
11,500,000 trust units outstanding. </FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
more information about the estimates and hypothetical assumptions made in preparing the table above, see "Projected Cash Distributions&#151;Significant Assumptions Used to
Prepare the Projected Cash Distributions." </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>16</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=20,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=772946,FOLIO='16',FILE='DISK131:[06HOU0.06HOU1190]CC1190A.;35',USER='MBLOUNT',CD=';6-NOV-2006;22:33' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ce1190_1_17"> </A> </FONT> <FONT SIZE=2><B>The Offering  </B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="37%" VALIGN="TOP"><FONT SIZE=2>Trust units offered by MV Partners</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="60%"><FONT SIZE=2>7,500,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
Trust units outstanding</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
11,500,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
Use of proceeds</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
MV Partners is offering all of the trust units to be sold in this offering and MV Partners will receive all proceeds from the offering, other than the 1,125,000 trust units being offered by MV Energy and VAP-I pursuant to the underwriters' option to
purchase additional trust units and the proceeds derived therefrom. MV Partners will use the net proceeds from this offering to repay existing indebtedness, and to repurchase a portion of the outstanding equity interests of VAP-I, to make a cash
distribution to the members of MV Partners or any combination of the foregoing. See "Use of Proceeds."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
Proposed NYSE symbol</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
MVO</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
Quarterly cash distributions</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
Actual cash distributions to the trust unitholders will depend upon the quantity of oil, natural gas and natural gas liquids produced from the underlying properties, the prices received for oil, natural gas and natural gas liquid production and other
factors. Because payments to the trust will be generated by depleting assets and the trust has a finite life with the production from the underlying properties diminishing over time, a portion of each distribution will represent a return of your
original investment. Oil, natural gas and natural gas liquid production from proved reserves attributable to the underlying properties is expected to decline over the term of the trust. See "Risk Factors."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
It is expected that quarterly cash distributions during the term of the trust will be made by the trustee on or before the 25th day of the month following the end of each quarter to the trust unitholders of record on the 15th day of the month
following the end of each quarter (or the next succeeding business day). The first distribution from the trust to the trust unitholders will be made on or about January 25, 2007 to trust unitholders owning trust units on January&nbsp;15, 2007. The
first distribution is likely to be larger than subsequent distributions because it will reflect proceeds from more than one calendar quarter of production.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
Net profits interest</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
The net profits interest will be conveyed to the trust out of MV Partners' net interests in the properties comprising the underlying properties. The net profits interest will entitle the trust to receive 80% of the net proceeds during the term of the
trust from the sale of production of oil, natural gas and natural gas liquids attributable to MV Partners' interests in the properties comprising the underlying properties.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- insert table folio -->
<BR>
<P ALIGN="CENTER"><FONT SIZE=2>17</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=21,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=935512,FOLIO='17',FILE='DISK131:[06HOU0.06HOU1190]CE1190A.;31',USER='JGRINER',CD=';8-NOV-2006;20:14' -->
<A NAME="page_ce1190_1_18"> </A>
<!-- end of table folio -->


<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
Termination of the trust</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
The net profits interest will terminate on the later to occur of (1) June 30, 2026, or (2) the time when 14.4 MMBoe have been produced from the underlying properties and sold (which amount is the equivalent of 11.5 MMBoe in respect of the trust's
right to receive 80% of the net proceeds from the underlying properties pursuant to the net profits interest), and the trust will soon thereafter wind up its affairs and terminate.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
Net proceeds</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
The conveyance creating the net profits interest entitles the trust to receive an amount of cash for each quarter equal to 80% of the net proceeds from the sale of oil, natural gas and natural gas liquid production from the underlying properties net
of all payments made under existing hedge contracts. In general, "gross proceeds" means the sales price received by MV Partners from sales of oil, natural gas and natural gas liquids produced during a quarter attributable to the underlying properties
net of all payments made by MV Partners to hedge contract counterparties upon monthly settlements of the hedge contracts, while "net proceeds" equals the gross proceeds, </FONT><FONT SIZE=2><I>less</I></FONT><FONT SIZE=2> all lease operating expenses,
 maintenance expenses and capital expenses (including the cost of workovers and recompletions, drilling costs and development costs), amounts that may be reserved for future capital expenditures (which may not exceed $1.0&nbsp;million in the
aggregate), post-production costs and production and property taxes paid by MV Partners. In addition, the trust will be entitled to receive 80% of all amounts payable to MV Partners from hedge contract counterparties upon monthly settlements of the
hedge contracts. For a more detailed description of the determination of "net proceeds," see "Computation of Net Proceeds."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
Administrative services fee payable to MV Partners</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
MV Partners will be entitled to receive an annual administrative services fee, payable quarterly, during the term of the trust, for providing accounting, bookkeeping and informational services relating to the net profits interest. The annual fee will
total $60,000 in 2006 and will increase by 4% each year beginning in January 2007. A more detailed description of the administrative services fee is set forth under the caption "The Trust&#151;Administrative Services Fee."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>


<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>18</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=22,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=540270,FOLIO='18',FILE='DISK131:[06HOU0.06HOU1190]CE1190A.;31',USER='JGRINER',CD=';8-NOV-2006;20:14' -->
<A NAME="page_ce1190_1_19"> </A>
<!-- end of table folio -->


<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
Reserves</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
Based on the reserve report, the net profits interest would entitle the trust to receive net proceeds from the sale of production of approximately 11.5 MMBoe of proved reserves attributable to the underlying properties during the term of the trust,
calculated as 80% of the proved reserves attributable to the underlying properties expected to be produced during the term of the trust. Of these reserves, as of June&nbsp;30, 2006, approximately 9.8 MMBoe were classified as proved developed
producing reserves and approximately 1.7 MMBoe were classified as proved developed non-producing and proved undeveloped.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><BR>
Summary of income tax consequences</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="60%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
Trust unitholders will be taxed directly on the income from assets of the trust. The net profits interest should be treated as a debt instrument for federal income tax purposes, and a trust unitholder in that event will be required to include in his
income his share of the interest income on such debt instrument as it accrues in accordance with the rules applicable to contingent payment debt instruments contained in the Internal Revenue Code of 1986, as amended and the corresponding regulations,
as well as his share of any income on the trust's hedges. If the net profits interest is not treated as a debt instrument, then a trust unitholder would be allowed to recoup its basis in the net profits interest on a schedule that is in proportion to
production from the net profits interest and that is more favorable to a trust unitholder than the schedule on which basis will be recovered if the net profits interest is treated as a debt instrument for federal income tax purposes. However, the
deductions that would be allowed to an individual trust unitholder in that event may be itemized deductions, the deductibility of which would be subject to limitations that may or may not apply depending upon the trust unitholder's circumstances. See
"Federal Income Tax Consequences."</FONT></TD>
</TR>
</TABLE>


<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Investing in Trust Units  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investing in these trust units differs from investing in corporate common stock because: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>trust
unitholders are owed a fiduciary duty by the trustee, but not by MV Partners;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>trust
unitholders have limited voting rights;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>trust
unitholders are taxed directly on their share of trust net income;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>substantially
all trust income must be distributed to trust unitholders; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>trust
assets are limited to the net profits interest, which has a finite economic life. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>19</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=23,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=915588,FOLIO='19',FILE='DISK131:[06HOU0.06HOU1190]CE1190A.;31',USER='JGRINER',CD=';8-NOV-2006;20:14' -->
<UL>
<UL>
</UL>
</UL>
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_cg1190_1_20"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cg1190_risk_factors"> </A>
<A NAME="toc_cg1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>RISK FACTORS    <BR>    </B></FONT></P>

<P><FONT SIZE=2><B><I>The amounts of the cash distributions by the trust are subject to fluctuation as a result of changes in oil, natural gas and natural gas liquid prices.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The reserves attributable to the underlying properties and the quarterly cash distributions of the trust are highly dependent upon the prices realized from the
sale of oil, natural gas and natural gas liquids. Prices of oil, natural gas and natural gas liquids can fluctuate widely on a quarter-to-quarter basis in response to a variety
of factors that are beyond the control of the trust and MV Partners. These factors include, among others: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>political
conditions or hostilities in oil and natural gas producing regions, including the Middle East and South America;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>weather
conditions or force majeure events;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>levels
of supply of and demand for oil, natural gas and natural gas liquids;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>U.S.
and worldwide economic conditions;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
price and availability of alternative fuels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
proximity to, and capacity of, refineries and gathering and transportation facilities; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>energy
conservation and environmental measures. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moreover,
government regulations, such as regulation of natural gas gathering and transportation and possible price controls, can affect commodity prices in the long term. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recent
oil prices have been high compared to historical prices. For example, the NYMEX crude oil spot prices per Bbl were $31.20, $32.55</FONT><FONT SIZE=2><B>,</B></FONT><FONT SIZE=2>
$43.46 and $61.04 as of December&nbsp;31, 2002, 2003, 2004 and 2005, respectively, and were $73.93 as of June&nbsp;30, 2006. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners has entered into hedge contracts relating to a portion of the oil volumes expected to be produced from the underlying properties, and will assign to the trust the right to
receive 80% of the proceeds from these contracts. These hedge contracts, however, do not cover all of the oil volumes that are expected to be produced during the term of the trust. Furthermore,
MV&nbsp;Partners has not entered into any hedge contracts relating to oil volumes expected to be produced after 2010, and the terms of the conveyance of the net profits interest will prohibit MV
Partners from entering into new hedging arrangements following the completion of this offering. As a result, the amounts of the cash distributions may fluctuate significantly after 2010 as a result of
changes in commodity prices because there will be no hedge contracts in place to reduce the effects of any changes in commodity prices. In addition, the hedge contracts are subject to counterparty
nonperformance and other risks. For a discussion of the hedge contracts, see "The Underlying Properties&#151;Hedge and Derivative Contracts." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lower
prices of oil, natural gas and natural gas liquids will reduce the amount of the net proceeds to which the trust is entitled and may ultimately reduce the amount of oil, natural
gas and natural gas liquids that is economic to produce from the underlying properties. As a result, the operator of any of the underlying properties could determine during periods of low commodity
prices to shut in or curtail production from wells on the underlying properties. In addition, the operator of the underlying properties could determine during periods of low commodity prices to plug
and abandon marginal wells that otherwise may have been allowed to continue to produce for a longer period under conditions of higher prices. Because the underlying properties are mature, with many of
them being in production since the early 1900's, decreases in commodity prices could have a more significant effect on the economic viability of these properties as compared to more recently
discovered properties. The commodity price sensitivity of these mature wells is due to a culmination of factors that vary from well-to-well, including the additional costs
associated with water handling and disposal, chemicals, surface equipment maintenance, downhole casing repairs and reservoir pressure maintenance activities that are necessary to maintain production.
As a result, the volatility of commodity prices may cause the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>20</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=24,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=6535,FOLIO='20',FILE='DISK131:[06HOU0.06HOU1190]CG1190A.;40',USER='JGRINER',CD=';8-NOV-2006;20:31' -->
<A NAME="page_cg1190_1_21"> </A>
<BR>

<P><FONT SIZE=2>amount
of future cash distributions to trust unitholders to fluctuate, and a substantial decline in the price of oil, natural gas or natural gas liquids will reduce the amount of cash available for
distribution to the trust unitholders. </FONT></P>

<P><FONT SIZE=2><B><I>Actual reserves and future net revenues may be less than current estimates of proved reserves, which could reduce cash distributions by the trust and
the value of the trust&nbsp;units.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The value of the trust units and the amount of future cash distributions to the trust unitholders will depend upon, among other things, the accuracy of the
production and reserves estimated to be attributable to the underlying properties and the net profits interest. Estimating production and reserves is inherently uncertain. Ultimately, actual
production, revenues and expenditures for the underlying properties will vary both positively and negatively from estimates and those variations could be material. Petroleum engineers consider many
factors and make assumptions in estimating production and reserves. Those factors and assumptions include: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>historical
production from the area compared with production rates from other producing areas;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
assumed effect of governmental regulation; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>assumptions
about future prices of oil, natural gas and natural gas liquids, production and development expenses, gathering and transportation costs, severance and excise
taxes and capital expenditures. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>Changes
in these assumptions can materially increase or decrease production and reserve estimates. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
estimated reserves attributable to the net profits interest and the estimated future net revenues attributable to the net profits interest are based on estimates of reserve
quantities and revenues for the underlying properties. See "The Underlying Properties&#151;Reserves" for a discussion of the method of allocating proved reserves to the underlying properties
and the net profits interest. The quantities of reserves attributable to the underlying properties and the net profits interest may decrease in the future as a result of future decreases in the price
of oil, natural gas or natural gas liquids. </FONT></P>

<P><FONT SIZE=2><B><I>Risks associated with the production, gathering, transportation and sale of oil, natural gas and natural gas liquids could adversely affect cash
distributions by the trust.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The revenues of the trust, the value of the trust units and the amount of cash distributions to the trust unitholders will depend upon, among other things, oil,
natural gas and natural gas liquid production and prices and the costs incurred by MV Partners to develop and exploit oil and natural gas reserves attributable to the underlying properties. Drilling,
production or transportation accidents that temporarily or permanently halt the production and sale of oil, natural gas and natural gas liquids at any of the underlying properties will reduce trust
distributions by reducing the amount of net proceeds available for distribution. For example, accidents may occur that result in personal injuries, property damage, damage to productive formations or
equipment and environmental damages. Any costs incurred by MV Partners in connection with any such accidents that are not insured against will have the effect of reducing the net proceeds available
for distribution to the trust. In addition, curtailments or damage to pipelines used by MV Partners to transport oil, natural gas and natural gas liquid production to markets for sale could reduce the
amount of net proceeds available for distribution. Any such curtailment or damage to the gathering systems used by MV Partners could also require MV Partners to find alternative means to transport the
oil, natural gas and natural gas liquid production from the underlying properties, which alternative means could require MV Partners to incur additional costs that will have the effect of reducing net
proceeds available for distribution. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>21</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=25,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=596038,FOLIO='21',FILE='DISK131:[06HOU0.06HOU1190]CG1190A.;40',USER='JGRINER',CD=';8-NOV-2006;20:31' -->
<A NAME="page_cg1190_1_22"> </A>
<BR>

<P><FONT SIZE=2><B><I>The trust and the public trust unitholders will have no voting or managerial rights with respect to MV Partners, the operator of the underlying
properties. As a result, public trust unitholders will have no ability to influence the operation of the underlying properties.  </I></B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil and natural gas properties are typically managed pursuant to an operating agreement among the working interest owners of oil and natural gas properties. The
typical operating agreement contains procedures whereby the owners of the working interests in the property designate one of the interest owners to be the operator of the property. Under these
arrangements, the operator is typically responsible for making all decisions relating to drilling activities, sale of production, compliance with regulatory requirements and other matters that affect
the property. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners is currently designated as the operator of substantially all of the properties comprising the underlying properties. MV Partners has contracted with two of its affiliates,
Vess Oil and Murfin Drilling, to operate these properties on its behalf. Neither the trustee nor the public trust unitholders has any contractual ability to influence or control the field operations
of, sale of oil and natural gas from, or future development of, these properties. Also, the public trust unitholders have no voting rights with respect to MV Partners and, therefore, will have no
managerial, contractual or other ability to influence MV Partners' or its affiliates' activities as operator of the oil and natural gas properties to which substantially all the underlying properties
relate. </FONT></P>

<P><FONT SIZE=2><B><I>Shortages of oil field equipment, services and qualified personnel available to MV Partners could reduce the amount of cash available for distribution.  </I></B></FONT></P>


<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The demand for qualified and experienced field personnel to drill wells and conduct field operations, geologists, geophysicists, engineers and other professionals
in the oil and natural gas industry can fluctuate significantly, often in correlation with oil and natural gas prices, causing periodic shortages. Historically, there have been shortages of drilling
rigs and other oilfield equipment as demand for rigs and equipment has increased along with the number of wells being drilled. These factors also cause significant increases in costs for equipment,
services and personnel. Higher oil and natural gas prices generally stimulate demand and result in increased prices for drilling rigs, crews and associated supplies, equipment and services. As part of
its development plan for the underlying properties, MV Partners expects to drill approximately 65 development wells and conduct recompletion and workover operations on existing wells included in the
underlying properties. See "The Underlying Properties&#151;Planned Development and Workover Program" for a description of MV Partners' development plans. Shortages of field personnel and
equipment or price increases could significantly decrease the amount of cash available for distribution to the trust unitholders, or restrict the ability of MV Partners to drill the wells and conduct
the operations which it currently has planned for the underlying properties.

 </FONT>

</P>

<P><FONT SIZE=2><B><I>MV Partners may transfer all or a portion of the underlying properties at any time, subject to specified limitations, and MV Partners may abandon
individual wells or properties that it reasonably believes to be uneconomic. Under these circumstances, trust unitholders will have no ability to prevent MV&nbsp;Partners from transferring the
underlying properties to another operator, even if the trust unitholders do not believe that operator would operate the underlying properties in the same manner as MV&nbsp;Partners.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners may at any time transfer all or part of the underlying properties. Trust unitholders will not be entitled to vote on any transfer of the underlying
properties, and the trust will not receive any proceeds from any such transfer, except in the limited circumstances when the net profits interest is released in connection with such transfer, in which
case the trust will receive an amount equal to the fair market value of the net profits interest released. See "The Underlying Properties&#151;Sale and Abandonment of Underlying Properties."
Following any material sale or transfer of any of the underlying properties, such underlying properties will continue to be subject to the net profits interest of the trust, but the net proceeds from
the transferred property would be calculated separately, but not </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>22</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=26,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=171873,FOLIO='22',FILE='DISK131:[06HOU0.06HOU1190]CG1190A.;40',USER='JGRINER',CD=';8-NOV-2006;20:31' -->
<A NAME="page_cg1190_1_23"> </A>
<BR>

<P><FONT SIZE=2>differently
than as described in this prospectus, and the net proceeds attributable to the transferred underlying properties would be required to be paid by the transferee to the trust. The transferee
would be responsible for all of MV Partners' obligations relating to the net profits interest on the portion of the underlying properties transferred, and MV Partners would have no continuing
obligation to the trust for those properties. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners or any transferee of the underlying properties may abandon any well or property if it reasonably believes that the well or property can no longer produce oil or natural gas
in commercially economic quantities. This could result in termination of the net profits interest relating to the abandoned well or property. In making such decisions, MV Partners and any such
transferee will be required under the applicable conveyance to act as a reasonably prudent operator in the State of Kansas under the same or similar circumstances would act if it were acting with
respect to its own properties, disregarding the existence of the net profits interest as a burden on such property.

 </FONT></P>

<P><FONT SIZE=2><B><I>The reserves attributable to the underlying properties are depleting assets and production from those reserves will diminish over time. Furthermore, the
trust is precluded from acquiring other oil and natural gas properties or net profits interests to replace the depleting assets and production.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The net proceeds payable to the trust from the net profits interest are derived from the sale of oil, natural gas and natural gas liquids produced from the
underlying properties and proceeds, if any, received by MV Partners upon settlement of the hedge contracts. The reserves attributable to the underlying properties are depleting assets, which means
that the reserves attributable to the underlying properties will decline over time. As a result, the quantity of oil and natural gas produced from the underlying properties is expected to decline over
time. Based on the estimated production volumes in
the reserve report, the oil and natural gas production from proved reserves attributable to the underlying properties is projected to decline at an average annual rate of approximately 3.5% over the
next 20&nbsp;years assuming no additional development drilling or other capital expenditures are made after 2010 on the underlying properties. The anticipated rate of decline is an estimate and
actual decline rates may vary from those estimated. The net profits interest will terminate on the later to occur of (1)&nbsp;June&nbsp;30, 2026, or (2)&nbsp;the time when 14.4 MMBoe have been
produced from the underlying properties and sold (which amount is the equivalent of 11.5 MMBoe in respect of the trust's right to receive 80% of the net proceeds from the underlying properties
pursuant to the net profits interest). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
maintenance projects on the underlying properties beyond those which are currently estimated may affect the quantity of proved reserves that can be economically produced from the
underlying properties. The timing and size of these projects will depend on, among other factors, the market prices of oil, natural gas and natural gas liquids. In addition, because MV Partners has
agreed to limit the amount of capital expenditures that may be taken into account in calculating net proceeds attributable to the net profits interest during a specified period preceding the
termination of the net profits interest, MV Partners may choose to delay certain capital projects that may otherwise benefit the trust unitholders until the termination of the net profits interest. If
operators of the wells to which the underlying properties relate do not implement required maintenance projects when warranted, the future rate of production decline of proved reserves may be higher
than the rate currently expected by MV Partners or estimated in the reserve report. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trust agreement will provide that the trust's business activities will be limited to owning the net profits interest and any activity reasonably related to such ownership, including
activities required or permitted by the terms of the conveyance related to the net profits interest. As a result, the trust will not be permitted to acquire other oil and natural gas properties or net
profits interests to replace the depleting assets and production attributable to the net profits interest. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because
the net proceeds payable to the trust are derived from the sale of depleting assets, the portion of the distributions to unitholders attributable to depletion may be considered a
return of capital as opposed to a return on investment. Eventually, the net profits interest may cease to produce </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>23</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=27,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=685970,FOLIO='23',FILE='DISK131:[06HOU0.06HOU1190]CG1190A.;40',USER='JGRINER',CD=';8-NOV-2006;20:31' -->
<A NAME="page_cg1190_1_24"> </A>
<BR>

<P><FONT SIZE=2>in
commercial quantities and the trust may, therefore, cease to receive any distributions of net proceeds therefrom. </FONT></P>

<P><FONT SIZE=2><B><I>The amount of cash available for distribution by the trust will be reduced by the amount of any production and development costs, taxes, costs and
payments made with respect to the hedge contracts, capital expenditures and post-production costs.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Production and development costs on the underlying properties are deducted in the calculation of the trust's share of net proceeds. In addition, production and
property taxes and any costs or payments associated with the hedge contracts, capital expenditures or post-production costs will be deducted in the calculation of the trust's share of net
proceeds. Accordingly, higher or lower production and development expenses, taxes, capital expenditures and post-production costs will directly decrease or increase the amount received by
the trust in respect of its net profits interest. For a summary of these costs for the last three years, see "The Underlying Properties." Historical costs may not be indicative of future costs. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
development and production costs of the underlying properties exceed the proceeds of production from the underlying properties, the trust will not receive net proceeds from those
properties until future proceeds from production exceed the total of the excess costs plus accrued interest during the deficit period. Development activities may not generate sufficient additional
revenue to repay the costs. </FONT></P>

<P><FONT SIZE=2><B><I>The trustee may, under certain circumstances, sell the net profits interest and dissolve the trust prior to the expected termination of the trust. As a
result, trust unitholders may not recover their investment.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trustee must sell the net profits interest if the holders of a majority of the trust units approve the sale or vote to dissolve the trust. The trustee must
also sell the net profits interest if the annual gross proceeds from the underlying properties attributable to the net profits interest are less than $1.0&nbsp;million for each of any two
consecutive years. The sale of the net profits interest will result in the dissolution of the trust. The net proceeds of any such sale will be distributed to the trust unitholders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
net profits interest will terminate on the later to occur of (1)&nbsp;June&nbsp;30, 2026, or (2)&nbsp;the time when 14.4 MMBoe have been produced from the underlying properties
and sold (which amount is the equivalent of 11.5 MMBoe in respect of the trust's right to receive 80% of the net proceeds from the underlying properties pursuant to the net profits interest). The
trust unitholders will not be entitled to receive any net proceeds from the sale of production from the underlying properties following the termination of the net profits interest. Therefore, the
market price of the trust units will likely diminish towards the end of the term of the net profits interest because the cash distributions from the trust will cease at the termination of such net
profits interest and the trust will have no right to any additional production from the underlying properties after the term of the net profits interest. </FONT></P>

<P><FONT SIZE=2><B><I>The disposal by the two members of MV Partners of their remaining trust units may reduce the market price of the trust units.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The two members of MV Partners will own approximately 35% of the trust after this offering, or 25% if the underwriters' option to purchase additional trust units
is exercised in full. The two members of MV&nbsp;Partners may use some or all of the remaining trust units they own for a number of corporate purposes, including: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>selling
them for cash; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>exchanging
them for interests in oil and natural gas properties or securities of oil and natural gas companies. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If they sell additional trust units or exchange trust units in connection with acquisitions, then additional trust units will be available for sale in the market. The sale of additional
trust units may

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>24</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=28,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=107952,FOLIO='24',FILE='DISK131:[06HOU0.06HOU1190]CG1190A.;40',USER='JGRINER',CD=';8-NOV-2006;20:31' -->
<A NAME="page_cg1190_1_25"> </A>
<BR>

<P><FONT SIZE=2>


reduce the market price of the trust units. See "Selling Trust Unitholders." MV&nbsp;Partners, its members and certain of their affiliates have agreed to lock-up agreements that prohibit
them from selling any trust units for a period of 180&nbsp;days after the date of this prospectus without the consent of Raymond James&nbsp;&amp; Associates,&nbsp;Inc., acting as representative of
the several underwriters. See "Underwriting." In connection with the closing of this offering, MV&nbsp;Partners and the trust intend to enter into a registration rights agreement pursuant to which
the trust will agree to file&nbsp;a registration statement or a shelf registration statement to register the resale of the remaining trust units held by MV&nbsp;Partners and any transferee of the
trust units upon request by such holders. See "Trust Units Eligible for Future Sale&#151;Registration Rights."

 </FONT></P>

<P><FONT SIZE=2><B><I>There has been no public market for the trust units and no independent appraisal of the value of the net profits interest has been performed.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of trust units to be delivered to MV Partners in exchange for the net profits interest and the initial public offering price of the trust units will be
determined by negotiation among MV Partners and the underwriters. Among the factors to be considered in determining such number of trust units and the initial public offering price, in addition to
prevailing market conditions, will be current and
historical oil and natural gas prices, current and prospective conditions in the supply and demand for oil and natural gas, reserve and production quantities estimated for the net profits interest and
the trust's estimated cash distributions. None of MV Partners, the trust or the underwriters will obtain any independent appraisal or other opinion of the value of the net profits interest other than
the reserve report prepared by Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc. </FONT></P>

<P><FONT SIZE=2><B><I>The market price for the trust units may not reflect the value of the net profits interest held by the trust.  </I></B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trading price for publicly traded securities similar to the trust units tends to be tied to recent and expected levels of cash distributions. The amounts
available for distribution by the trust will vary in response to numerous factors outside the control of the trust, including prevailing prices for sales of oil, natural gas and natural gas liquid
production from the underlying properties. Consequently, the market price for the trust units may not necessarily be indicative of the value that the trust would realize if it sold the net profits
interest to a third-party buyer. In addition, such market price may not necessarily reflect the fact that since the assets of the trust are depleting assets, a portion of each cash distribution paid
on the trust units should be considered by investors as a return of capital, with the remainder being considered as a return on investment. As a result, distributions made to a unitholder over the
life of these depleting assets may not equal or exceed the purchase price paid by the unitholder. </FONT></P>

<P><FONT SIZE=2><B><I>Conflicts of interest could arise between MV Partners and the trust unitholders.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The interests of MV Partners and the interests of the trust and the trust unitholders with respect to the underlying properties could at times differ. As a
working interest owner in the properties comprising the underlying properties, MV Partners could have interests that conflict with the interests of the trust and the trust unitholders. For example: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>MV
Partners' interests may conflict with those of the trust and the trust unitholders in situations involving the development, maintenance, operation or abandonment of the
underlying properties. MV Partners may make decisions with respect to development expenditures that adversely affect the underlying properties. These decisions include reducing development
expenditures on these properties, which could cause oil and natural gas production to decline at a faster rate and thereby result in lower cash distributions by the trust in the future, or increasing
development expenditures on the underlying properties during the final years of the term of the trust, which expenditures will benefit the unitholders only to the extent that they reduce the natural
decline in oil and natural gas production during the term of the trust by an amount that more than offsets the cost of these development expenditures. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>25</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=29,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=558584,FOLIO='25',FILE='DISK131:[06HOU0.06HOU1190]CG1190A.;40',USER='JGRINER',CD=';8-NOV-2006;20:31' -->
<A NAME="page_cg1190_1_26"> </A>
<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>MV
Partners may sell some or all of the underlying properties and such sale may not be in the best interests of the trust unitholders. In the event MV Partners sells all or
any portion of the underlying properties, the purchaser of such underlying properties will acquire such underlying properties subject to the net profits interest relating thereto and, in connection
therewith, such purchaser will be subject to the same standards of conduct with respect to development, operation and abandonment of such underlying properties as are imposed on MV Partners. MV
Partners also has the right, subject to significant limitations as described herein, to cause the trust to release all or a portion of the net profits interest in connection with a sale of a portion
of the underlying properties to which such net profits interest relates. In such an event, the trust is entitled to receive its proportionate share of the proceeds from the sale attributable to the
net profits interest released. See "The Underlying Properties&#151;Sale and Abandonment of Underlying Properties." </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In making decisions with respect to the development, operation, abandonment or sale of the underlying properties, MV Partners and any successor operator will be required under the
applicable conveyance to act as a reasonably prudent operator in the State of Kansas under the same or similar circumstances would act if it were acting with respect to its own properties,
disregarding the existence of the net profits interest. Except for specified matters that require approval of the trust unitholders described in "Description of the Trust Agreement," the documents
governing the trust do not provide a mechanism for resolving these conflicting interests.

 </FONT></P>

<P><FONT SIZE=2><B><I>The trust is managed by a trustee who cannot be replaced except at a special meeting of trust unitholders.  </I></B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The business and affairs of the trust will be managed by the trustee. The voting rights of a trust unitholder are more limited than those of stockholders of most
public corporations. For example, there is no requirement for annual meetings of trust unitholders or for an annual or other periodic re-election of the trustee. The trust agreement
provides that the trustee may only be removed and replaced by the holders of a majority of the outstanding trust units at a special meeting of trust unitholders called by either the trustee or the
holders of not less than 10% of the outstanding trust units. Immediately following the closing of this offering, MV&nbsp;Energy and VAP-I will collectively own approximately 35% of the outstanding
trust units (or approximately 25% if the underwriters exercise in full their option to purchase up to an additional 1,125,000&nbsp;trust units from the members of MV&nbsp;Partners). As a result,
it will be difficult to remove or replace the trustee, particularly without the approval of the members of MV Partners. </FONT></P>

<P><FONT SIZE=2><B><I>Trust unitholders have limited ability to enforce provisions of the net profits interest.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust agreement permits the trustee to sue MV Partners or any other future owner of the underlying properties on behalf of the trust to enforce the terms of
the conveyance creating the net
profits interest. If the trustee does not take appropriate action to enforce provisions of the conveyance, your recourse as a trust unitholder would be limited to bringing a lawsuit against the
trustee to compel the trustee to take specified actions. The trust agreement expressly limits the trust unitholders' ability to directly sue MV Partners or any other third party other than the
trustee. As a result, the unitholders will not be able to sue MV Partners or any future owner of the underlying properties to enforce these rights. </FONT></P>

<P><FONT SIZE=2><B><I>Courts outside of Delaware may not recognize the limited liability of the trust unitholders provided under Delaware law.  </I></B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the Delaware Statutory Trust Act, trust unitholders will be entitled to the same limitation of personal liability extended to stockholders of private
corporations under the General Corporation Law of the State of Delaware. Courts in jurisdictions outside of Delaware, however, may not give effect to such limitation.

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>26</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=30,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=637921,FOLIO='26',FILE='DISK131:[06HOU0.06HOU1190]CG1190A.;40',USER='JGRINER',CD=';8-NOV-2006;20:31' -->
<A NAME="page_cg1190_1_27"> </A>
<BR>

<P><FONT SIZE=2><B><I>The operations of the properties comprising the underlying properties may result in significant costs and liabilities with respect to environmental and
operational safety matters, which could reduce the amount of cash available for distribution to trust unitholders.  </I></B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Significant costs and liabilities can be incurred as a result of environmental and safety requirements applicable to the oil and natural gas exploration,
development and production activities of the properties comprising the underlying properties. These costs and liabilities could arise under a wide range of federal, state and local environmental and
safety laws and regulations, including regulations and enforcement policies, which have tended to become increasingly strict over time. Failure to comply with these laws and regulations may result in
the assessment of administrative, civil and criminal penalties, imposition of cleanup and site restoration costs and liens, and to a lesser extent, issuance of injunctions to limit or cease
operations. In addition, claims for damages to persons or property may result from environmental and other impacts of the operations of the properties comprising the underlying properties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Strict,
joint and several liability may be imposed under certain environmental laws, which could cause liability for the conduct of others or for the consequences of one's own actions
that were in compliance with all applicable laws at the time those actions were taken. New laws, regulations or enforcement policies could be more stringent and impose unforeseen liabilities or
significantly increase compliance costs. If it were not possible to recover the resulting costs through insurance or increased revenues, this could have a material adverse effect on the cash
distributions to the trust unitholders. Please read "The Underlying Properties&#151;Environmental Matters and Regulation" for more information. </FONT></P>

<P><FONT SIZE=2><B><I>The operations of the properties comprising the underlying properties are subject to complex federal, state, local and other laws and regulations that
could adversely affect the cash distributions to the trust unitholders.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The exploration, development and production operations of the underlying properties are subject to complex and stringent laws and regulations. In order to conduct
the operations of the underlying properties in compliance with these laws and regulations, MV Partners must obtain and maintain numerous permits, approvals and certificates from various federal,
state, local and governmental authorities. MV Partners may incur substantial costs and experience delays in order to maintain compliance with these existing laws and regulations, which could decrease
the cash distributions to the trust unitholders. In addition, the costs of compliance may increase or the operations of the underlying properties may be otherwise adversely affected if existing laws
and regulations are revised or reinterpreted, or if new laws and regulations become applicable to such operations. Such costs could have a material adverse effect on the cash distributions to the
trust unitholders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
operations of the underlying properties are subject to federal, state and local laws and regulations as interpreted and enforced by governmental authorities possessing jurisdiction
over various aspects of the exploration for, and the production of, oil and natural gas. Failure to comply with such laws and regulations, as interpreted and enforced, could have a material adverse
effect on the cash distributions to the trust unitholders. Please read "The Underlying Properties&#151;Environmental Matters and Regulation." </FONT></P>

<P>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2><B>The trust has not requested a ruling from the IRS regarding the tax treatment of ownership of the trust units. If the IRS were to determine (and be sustained in
that determination) that the trust is not a "grantor trust" for federal income tax purposes, or that the net profits interest is not a debt instrument for federal income tax purposes, the trust
unitholders may receive different and less advantageous tax treatment from that described in this prospectus.</B></FONT>


</P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust has received an opinion of tax counsel that the trust is a grantor trust for federal income tax purposes. This means that you will be taxed directly on your pro rata share of
the trust's net income regardless of whether you receive cash distributions from the trust. See "Federal Income Tax Consequences." The trust has also received an opinion from tax counsel that the net
profits interest

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>27</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=31,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=35532,FOLIO='27',FILE='DISK131:[06HOU0.06HOU1190]CG1190A.;40',USER='JGRINER',CD=';8-NOV-2006;20:31' -->
<A NAME="page_cg1190_1_28"> </A>
<BR>

<P><FONT SIZE=2>


should be treated as a debt instrument for federal income tax purposes. This means that you should be treated as making a loan to MV Partners on the properties underlying the net profits interest.


</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the net profits interest were not treated as a debt instrument, then although trust unitholders would recoup their basis in the net profits interest on a schedule that is in
proportion to expected production



from the net profits interest (which would be more favorable than the basis recovery that would be available if the net profits interest is classified as a debt instrument), the deductions so allowed
to an individual trust unitholder may be itemized deductions the deductibility of which would be subject to limitations that may or may not apply depending upon the unitholder's circumstances. See
"Federal Income Tax Consequences."

</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither MV Partners nor the trustee has requested a ruling from the IRS regarding these tax questions, and neither MV Partners nor the trust can assure you that such a ruling would be
granted if requested or that the IRS will not challenge this position on audit.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trust unitholders should be aware of the possible state tax implications of owning trust units. See "State Tax Considerations."

 </FONT></P>


<P><FONT SIZE=2><B><I>The trust's net profits interest may be characterized as an executory contract in bankruptcy, which could be rejected in bankruptcy, thus relieving MV
Partners from its obligations to make payments to the trust with respect to the net profits interest.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners will record the conveyances of the net profits interest in Kansas in the real property records in each Kansas county where the properties are located.
MV Partners believes that the delivery and recording of the conveyances will constitute fully conveyed and vested property interests in the trust under Kansas law. If in a bankruptcy proceeding in
which MV&nbsp;Partners becomes involved as a debtor a determination were made that the conveyance constitutes an executory contract and the net profits interest is not fully conveyed property
interests under the laws of Kansas, and if such contract were not to be assumed in a bankruptcy proceeding involving MV Partners, the trust would be treated as an unsecured creditor of MV Partners
with respect to such net profits interest in the pending bankruptcy proceeding. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil
and gas leases are real property interests under Colorado law. The net profits interest is a non-operating, non-possessory interest carved out of the oil and
gas leasehold estate, but Colorado courts have not directly determined whether a net profits interest is a real or a personal property interest. MV Partners believes that it is possible that the net
profits interest may not be treated as a real property interest under the laws of Colorado. MV Partners intends to record the conveyance of the net profits interest in the real property records of
Colorado in accordance with local recording acts. MV Partners believes that, if, during the term of the trust, MV Partners becomes involved as a debtor in a bankruptcy proceeding, the net profits
interest relating to the underlying properties located in Colorado should be treated as a fully conveyed property interest under the laws of Colorado. In such a proceeding, however, a determination
could be made that the conveyance constitutes an executory contract and the net profits interest is not a fully conveyed personal property interest under the laws of Colorado, and if such contract
were not to be assumed in a bankruptcy proceeding involving MV Partners, the trust would be treated as an unsecured creditor of MV Partners with respect to such net profits interest in the pending
bankruptcy proceeding. </FONT></P>

<P><FONT SIZE=2><B><I>If the financial position of MV&nbsp;Partners degrades in the future, MV&nbsp;Partners may not be able to satisfy its obligations to the trust.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners is a privately held limited liability company engaged in the exploration, development, production, gathering and aggregation and sale of oil and
natural gas, primarily in the Mid-Continent region in the United States, and it will be responsible for operating substantially all of the underlying properties. The operating agreement of
MV Partners provides that Vess Oil and Murfin Drilling will operate the underlying properties on behalf of MV Partners for which MV Partners is designated as </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>28</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=32,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=710452,FOLIO='28',FILE='DISK131:[06HOU0.06HOU1190]CG1190A.;40',USER='JGRINER',CD=';8-NOV-2006;20:31' -->
<A NAME="page_cg1190_1_29"> </A>
<BR>

<P><FONT SIZE=2>the
operator. The conveyance also provides that MV Partners will be obligated to market, or cause to be marketed, the production related to the underlying properties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners has entered into hedge contracts with institutional counterparties, consisting of swap contracts and costless collar arrangements, to reduce the exposure of the revenue from
oil production from the underlying properties to fluctuations in crude oil prices in order to achieve more predictable cash flow. The crude oil swap contracts and costless collar arrangements will
settle based on the average of the settlement price for each commodity business day in the contract month. In a swap transaction, the counterparty is required to make a payment to MV Partners for the
difference between the fixed price and the settlement price if the settlement price is below the fixed price. MV Partners is required to make a payment to the counterparty for the difference between
the fixed price and the settlement price if the settlement price is above the fixed price. In a collar arrangement, the counterparty is required to make a payment to MV Partners for the difference
between the fixed floor price and the settlement price if the settlement price is below the fixed floor price. MV Partners is required to make a payment to the counterparty for the difference between
the fixed ceiling price and the settlement price if the settlement price is above the fixed ceiling price. For a detailed description of the terms of these hedge contracts, please read "The Underlying
Properties&#151;Hedge and Derivative Contracts." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
ability of MV Partners to perform its obligations related to the operation of the underlying properties, its obligations to counterparties related to the hedge contracts and its
obligations to the trust with respect to the hedge contracts will depend on MV Partners' future financial condition and economic performance, which in turn will depend upon the supply and demand for
oil and natural gas, prevailing economic conditions and upon financial, business and other factors, many of which are beyond the control of MV Partners. See "MV Partners" and "Information About MV
Partners" in this prospectus for additional information relating to MV Partners, including information relating to the business of MV Partners, historical financial statements of MV Partners and other
financial information relating to MV Partners. </FONT></P>

<P><FONT SIZE=2><B><I>The trust's receipt of payments based on the hedge contracts depends upon the financial position of the hedge contract counterparties. A default by any
of the hedge contract counterparties could reduce the amount of cash available for distribution to the trust unitholders.  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that any of the counterparties to the hedge contracts default on their obligations to make payments to MV Partners and the trust under the hedge
contracts, the cash distributions to the trust unitholders would likely be materially reduced as the hedge payments are intended to provide additional cash to the trust during periods of lower crude
oil prices. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>29</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=10,SEQ=33,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=613826,FOLIO='29',FILE='DISK131:[06HOU0.06HOU1190]CG1190A.;40',USER='JGRINER',CD=';8-NOV-2006;20:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ci1190_1_30"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ci1190_forward-looking_statements"> </A>
<A NAME="toc_ci1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>FORWARD-LOOKING STATEMENTS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus contains forward-looking statements about MV Partners and the trust that are subject to risks and uncertainties. All statements other than
statements of historical fact included in this document, including, without limitation, statements under "Prospectus Summary" and "Risk Factors" regarding the financial position, business strategy,
production and reserve growth, and other plans and objectives for the future operations of MV Partners and the trust are forward-looking statements. Such statements may be influenced by factors that
could cause actual outcomes and results to differ materially from those projected. Forward-looking statements are subject to risks and uncertainties and include statements made in this prospectus
under "Projected Cash Distributions," statements pertaining to future development activities and costs, and other statements in this prospectus that are prospective and constitute forward-looking
statements. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;When
used in this document, the words "believes," "expects," "anticipates," "intends" or similar expressions are intended to identify such forward-looking statements. The following
important factors, in addition to those discussed elsewhere in this prospectus, could affect the future results of the energy industry in general, and MV Partners and the trust in particular, and
could cause actual results to differ materially from those expressed in such forward-looking statements: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>risks
incident to the drilling and operation of oil and natural gas wells;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>future
production and development costs;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
effect of existing and future laws and regulatory actions;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
effect of changes in commodity prices, the impact of the hedge contracts entered into by MV Partners that relate to a portion of the oil production from the underlying
properties and conditions in the capital markets;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>competition
from others in the energy industry;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>uncertainty
of estimates of oil and natural gas reserves and production; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>inflation.
</FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
prospectus describes other important factors that could cause actual results to differ materially from expectations of MV Partners and the trust, including under the heading "Risk
Factors." All written and oral forward-looking statements attributable to MV Partners or the trust or persons acting on behalf of MV Partners or the trust are expressly qualified in their entirety by
such factors. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>30</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=34,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=839481,FOLIO='30',FILE='DISK131:[06HOU0.06HOU1190]CI1190A.;40',USER='KBLACKW',CD=';8-NOV-2006;12:35' -->
<A NAME="page_ci1190_1_31"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ci1190_use_of_proceeds"> </A>
<A NAME="toc_ci1190_2"> </A>
<BR></FONT><FONT SIZE=2><B>USE OF PROCEEDS    <BR>    </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately prior to the closing of this offering, MV Partners will contribute the net profits interest to the trust in exchange for all of the outstanding trust
units. MV Partners will pay underwriting discounts and expenses of approximately $12.0&nbsp;million associated with this offering and will receive all net proceeds from the offering. The estimated
net proceeds to MV Partners will be approximately $138.0&nbsp;million, assuming an offering price of $20.00 per trust unit. MV&nbsp;Energy and VAP-I will each receive $10.5&nbsp;million if the
underwriters exercise their option to purchase additional trust units in full. MV Partners intends to apply the net proceeds from this offering to repay approximately $61.0 million of indebtedness of
MV Partners under its bank credit facility and to use the remaining $77.0&nbsp;million to repurchase certain equity interests in VAP-I, the owner of a 50% interest in MV Partners, for distributions
to the members of MV Partners or any combination of the foregoing. As of June&nbsp;30, 2006, MV Partners' bank credit facility bore interest at 6.6% per annum and matures on December&nbsp;19,
2008.

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>31</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=35,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=461839,FOLIO='31',FILE='DISK131:[06HOU0.06HOU1190]CI1190A.;40',USER='KBLACKW',CD=';8-NOV-2006;12:35' -->
<A NAME="page_ci1190_1_32"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ci1190_mv_partners"> </A>
<A NAME="toc_ci1190_3"> </A>
<BR></FONT><FONT SIZE=2><B>MV PARTNERS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners is a privately-held limited liability company engaged in the development and production of established oil and natural gas properties in
the Mid-Continent region that are primarily located in Kansas. MV Partners was formed in August&nbsp;2006 as a result of the conversion of MV Partners, LP to a limited liability company.
MV Partners, LP was formed in 1998 to acquire oil and natural gas properties and related assets that were located in Kansas and eastern Colorado from a major oil and gas company. These properties
constitute the substantial portion of the underlying properties. MV Partners acquired the remainder of the underlying properties in 1999 from a large independent oil and gas company. MV Energy, which
was also formed in 1998, serves as the sole manager of MV Partners and was previously the general partner of MV Partners, LP until its conversion into a limited liability company in
August&nbsp;2006. All of the member interests in MV Partners are owned by MV Energy and VAP-I. MV Partners will transfer all of its retained trust units to MV Energy and
VAP-I upon the completion of this offering. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
acquisition of the underlying properties by MV Partners was originally financed by a large venture capital group, which served as a limited partner of MV Partners until
September&nbsp;2005. In September&nbsp;2005, MV Partners used bank financing to make distributions to MV Energy and VAP-I to repurchase the limited partner interests held by that large
venture capital group. MV Energy is owned equally by Vess Acquisition Group, L.L.C. and Murfin,&nbsp;Inc. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners is principally engaged in the development, redevelopment and production of existing wells in established fields, as well as drilling new wells in established fields. The
operating agreement of MV Partners requires that it engage only in specified lines of business, including acquiring and maintaining oil and natural gas leases and related mineral interests, producing
and marketing oil and natural gas, entering into hedging arrangements and other derivatives and engaging in related activities. The operating agreement further prohibits MV Partners from acquiring gas
plants, refining or transportation facilities or engaging in contract drilling. In order to help ensure MV Partners' continued focus on operating and developing the underlying properties in an
efficient and cost-effective manner, the parties to the operating agreement have agreed to grant the trust the right to enforce the restrictions contained in this agreement as to which
lines of business MV Partners may engage in. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the terms of the operating agreement of MV Partners, Vess Oil and Murfin Drilling operate on a contract basis the properties held by MV Partners for which MV Partners is designated
as the operator. Murfin Drilling is a wholly owned subsidiary of Murfin,&nbsp;Inc. and Vess Oil is an affiliate of Vess Acquisition Group, L.L.C. Vess Oil and Murfin Drilling collectively manage the
operations of approximately 96% of the oil and natural gas properties of MV Partners, based on the discounted present value of estimated future net revenues. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
asset portfolio of MV Partners consists mostly of properties in well-established fields, some of which were discovered as early as 1915. Consequently, production rates
from these mature wells have declined significantly since their first discovery as the recoverable oil and natural gas
supply has been produced. In order to maximize the value of its assets, MV Partners has successfully undertaken development programs that have reduced the natural decline of the production from these
fields. These developing programs have included various developmental drilling and re-entry programs, well workover programs, waterflood programs and recompletion programs that are
tailored to realize the exploitation potential of each field. As a result of the development programs instituted by MV Partners, the average annual decline rate of the proved developed producing
reserves attributable to the underlying properties since 2000 has been 4.0%. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners has also utilized modern, commercially available techniques and technologies to more completely develop the reserves attributable to the underlying properties. MV Partners is
utilizing 3-D seismic technology to further delineate development well locations based on traditional subsurface mapping. In addition to using 3-D seismic technology, MV Partners is
working on other programs to

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>32</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=36,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=404782,FOLIO='32',FILE='DISK131:[06HOU0.06HOU1190]CI1190A.;40',USER='KBLACKW',CD=';8-NOV-2006;12:35' -->
<A NAME="page_ci1190_1_33"> </A>
<BR>

<P><FONT SIZE=2>


use developing technology such as its work with the Petroleum Technology Transfer Council concerning the application of gelled polymers in certain reservoirs to increase oil production and reduce
water production, its work with the Department of Energy studying the injection of carbon dioxide to recover oil otherwise lost in the production process and gas gun stimulation technology.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
order to allow the trust unitholders to more fully realize the benefits of any capital expenditures made with respect to the underlying properties, MV Partners has agreed to limit the
amount of capital expenditures that may be taken into account in calculating net proceeds attributable to the net profits interest during a specified period preceding the termination of the net
profits interest. See "Computation of Net Proceeds&#151;Net Profits Interest." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vess
Oil is an independent oil and gas operating company and, according to the 2005 Kansas Geological Survey, is the largest operator of oil in Kansas. From its inception, Vess Oil has
focused on acquiring, developing, and managing oil and natural gas properties in Kansas. Initially focused on exploration activities, Vess Oil has for the past ten years concentrated on acquisitions
in addition to the development and exploitation of its existing reserve base. Vess Oil currently operates over 1,200 oil, natural gas and service wells located primarily in Kansas, with growing
operations in Texas. As of June&nbsp;1, 2006, Vess Oil employed 12 full time employees, five contract professionals and 40 contract personnel in its Wichita office and in five field and satellite
offices. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Murfin
Drilling is an independent oil and gas operation company and, according to the 2005 Kansas Geological Survey, is the third-largest oil operator in Kansas. A family-owned business
originally formed in El Dorado, Kansas in 1926 and incorporated in 1990, Murfin Drilling has expanded in the past 80&nbsp;years into the greater western Kansas area, southwest Nebraska, eastern
Colorado and the Oklahoma Panhandle. Murfin Drilling balances exploration and production management and exploitation and acquisitions with contract drilling and well service operations. Murfin
Drilling currently operates approximately 800 producing and service wells nationwide. In addition to being a major oil and gas producer and operator, Murfin Drilling also provides oilfield services,
including drilling
services, well servicing and rig transportation services in western Kansas, southwest Nebraska, southeastern Colorado and the Oklahoma Panhandle. As of June&nbsp;30, 2006, Murfin Drilling employed
approximately 275 employees that work from its headquarters in Wichita, Kansas, or its five field offices in Kansas. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>The trust units do not represent interests in, or obligations of, MV Partners.</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>33</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=37,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=243931,FOLIO='33',FILE='DISK131:[06HOU0.06HOU1190]CI1190A.;40',USER='KBLACKW',CD=';8-NOV-2006;12:35' -->
<A NAME="page_ci1190_1_34"> </A>

<P><FONT SIZE=2><B>Summary Financial, Operating and Reserve Data of MV Partners  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The summary financial data presented below should be read in conjunction with the audited financial statements and the unaudited interim financial statements of
MV Partners and the related notes and "Management's Discussion and Analysis of Financial Condition and Results of Operations of MV Partners" included elsewhere in this prospectus. The following
summary financial data of MV Partners as of December&nbsp;31, 2003, 2004 and 2005, and for each of the years in the three-year period ended December&nbsp;31, 2005, have been derived
from MV Partners' audited financial statements. The following summary financial data of MV Partners as of June&nbsp;30, 2006, and for the six-month periods ended June&nbsp;30, 2005 and 2006, have
been derived from MV Partners' unaudited interim financial statements. The unaudited financial statements were prepared on a basis consistent with the audited statements and, in the opinion of MV
Partners, include all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the results of MV Partners for the periods presented. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
summary unaudited pro forma financial data for the year ended December&nbsp;31, 2005, and as of and for the six months ended June&nbsp;30, 2006, set forth in the following table
have been derived from the unaudited pro forma financial statements of MV Partners included in this prospectus beginning on page MVF-23. The pro forma adjustments have been prepared as if
the offer and sale of the trust units and the application of the net proceeds therefrom had taken place (1)&nbsp;on June&nbsp;30, 2006, in the case of the pro forma balance sheet information as of
June&nbsp;30, 2006, and (2)&nbsp;as of January&nbsp;1, 2005, in the case of the pro forma statement of earnings information for the year ended December&nbsp;31, 2005, and for the six months
ended June&nbsp;30, 2006. </FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="19%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Year ended<BR>
December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Six months ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Pro forma</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="19%" ROWSPAN=2 ALIGN="LEFT"><FONT SIZE=1><B>Historical results<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December 31,<BR>
2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>June&nbsp;30,<BR>
2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="19%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=20 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="19%"><FONT SIZE=2>Revenue</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>28,046</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>31,045</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>36,162</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>15,343</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17,936</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,398</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>3,691</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="19%"><FONT SIZE=2>Net earnings (loss)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>7,090</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>10,341</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>13,125</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>4,803</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>3,550</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,934</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(92</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="19%"><FONT SIZE=2>Total assets (at period end)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>65,165</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>64,437</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>68,303</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>64,393</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68,634</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>N/A</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>57,862</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="19%"><FONT SIZE=2>Long-term liabilities, excluding current maturities (at period end)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>29,484</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>35,176</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>91,793</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>32,782</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>108,317</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>N/A</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>163,328</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the last quarter of 2005, through a series of transactions in connection with an ownership change, MV Partners refinanced its debt and borrowed an additional $65&nbsp;million,
bringing its total bank borrowings to $90&nbsp;million on December&nbsp;21, 2005. The oil and natural gas properties of MV Partners formed the collateral base for its refinancing and its fair
market value was sufficient as collateral for the loan facility. The carrying costs of the oil and natural gas properties was not written up as part of this transaction and remain at their historical
cost basis, which relates back to their acquisition in 1998. Therefore, the carrying costs of the assets at December&nbsp;31, 2005 and June&nbsp;30, 2006 are less than the total liabilities on the
historical results above. If the historical costs of the underlying properties were replaced with the estimated current market values, MV Partners believes its total assets as of June&nbsp;30, 2006
would exceed its total liabilities. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
table below includes selected production and reserve information for MV Partners for the periods presented. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="85%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Year ended<BR>
December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Six&nbsp;months&nbsp;ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="48%" ROWSPAN=2 ALIGN="LEFT"><FONT SIZE=1><B>Historical results<BR> </B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="48%"><FONT SIZE=2>Production (MBoe)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,219</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,147</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,076</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>528</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>526</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="48%"><FONT SIZE=2>Net proved reserves (MBoe) (at period end)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,924</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>16,176</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>18,203</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>N/A</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>18,730</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="48%"><FONT SIZE=2>Net proved developed reserves (MBoe) (at period end)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,212</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,577</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>16,136</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>N/A</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>16,509</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>34</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=38,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=251606,FOLIO='34',FILE='DISK131:[06HOU0.06HOU1190]CI1190A.;40',USER='KBLACKW',CD=';8-NOV-2006;12:35' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_ck1190_1_35"> </A> </FONT> <FONT SIZE=2><B>Management of MV Partners  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners does not currently have any executive officers, directors or employees. Instead, MV Partners is managed by an executive management team consisting of
certain officers and employees of Vess Oil and Murfin Drilling. </FONT></P>


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None of the members of the executive management team receive compensation from the trust or MV&nbsp;Partners. Instead, MV Partners pays an overhead fee to Vess Oil and Murfin Drilling
to operate the underlying properties on behalf of MV Partners. The operating activities include various engineering, accounting and administrative functions, primarily at the field level. The fee is
based on a monthly charge per active operated well and is payable to the entity that operates the particular well on behalf of MV Partners. In 2005, the aggregate overhead fee paid to Vess Oil and
Murfin Drilling was approximately $2.1&nbsp;million. The fee is adjusted annually and will increase or decrease each year based on changes in the year-end index of average weekly
earnings of crude petroleum and natural gas workers. In addition, MV Partners pays a monthly administrative services fee to MV Energy for certain corporate administrative and accounting services
arranged by MV Energy. Most of these services are performed on behalf of MV Energy by Murfin Drilling and, therefore, MV Energy transmits the entire administrative services fee to Murfin Drilling. The
fee is currently $5,000 per month and will increase by 4% each year commencing in January&nbsp;2007. MV Partners, MV Energy, Vess Oil and Murfin Drilling do not separately allocate or accrue
compensation expense for the services performed by employees of Vess Oil or Murfin Drilling on behalf of MV Partners or MV Energy, and their compensation from Vess Oil or Murfin Drilling, as the case
may be, is not directly related to the services they perform on behalf of MV Partners or MV Energy. Vess Oil and Murfin Drilling are not contractually obligated to provide the corporate administrative
and accounting services on behalf of MV Partners or MV Energy other than the operation of the underlying properties, and MV Partners and MV Energy may contract for the provision of the corporate
administrative and accounting services from other parties at any time. Furthermore, none of the members of the executive management team are contractually obligated to continue performing services on
behalf of MV Partners and neither Vess Oil nor Murfin Drilling are contractually obligated to make their employees available to perform such services.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Set
forth in the table below are the names, ages, function performed on behalf of MV Partners and employer of the members of the executive management team of MV Partners: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="67%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="35%" ALIGN="LEFT"><FONT SIZE=1><B>Name<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="5%" ALIGN="CENTER"><FONT SIZE=1><B>Age</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="30%" ALIGN="CENTER"><FONT SIZE=1><B>Position with MV Partners</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="20%" ALIGN="CENTER"><FONT SIZE=1><B>Employer</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2>J. Michael Vess</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>55</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>Co-Chief Executive Officer</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2>Vess Oil</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
David L. Murfin</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
54</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Co-Chief Executive Officer</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Murfin&nbsp;Drilling</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
Richard J. Koll</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
56</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Chief Financial Officer</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Vess Oil</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
William R. Horigan</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
56</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Vice&nbsp;President&#151;Operations</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Vess Oil</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
Brian Gaudreau</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
51</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Vice President&#151;Land</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Vess Oil</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
Jerry Abels</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
79</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Vice President&#151;Land</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Murfin Drilling</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
Robert D. Young</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
65</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Treasurer</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Murfin Drilling</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
Richard W. Green</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
64</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Controller</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Murfin Drilling</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Executive Management from Vess Oil  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>J. Michael Vess</I></B></FONT><FONT SIZE=2> is the President, Chief Executive Officer and principal owner of Vess Oil and is the managing member of Vess Acquisition
Group, L.L.C. Mr.&nbsp;Vess co-founded Vess Oil in 1979 and continues to be responsible for the coordination and supervision of exploration and production and the acquisition of its oil
and natural gas reserves. Mr.&nbsp;Vess received a Bachelor of Business Administration </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>35</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=39,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=479023,FOLIO='35',FILE='DISK131:[06HOU0.06HOU1190]CK1190A.;21',USER='MBLOUNT',CD=';6-NOV-2006;22:42' -->
<A NAME="page_ck1190_1_36"> </A>
<BR>

<P><FONT SIZE=2>degree
from Wichita State University in 1972 and subsequently received his CPA certificate. Mr.&nbsp;Vess currently serves on the Board of Directors and Executive Committees for the Kansas
Independent Oil and Gas Association ("KIOGA") and is the current Chairman of the KIOGA Committee on Electricity. He is also a member of the Interstate Oil and Gas Compact Commission Outreach
Committee. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Richard J. Koll</I></B></FONT><FONT SIZE=2> is the Financial Manager for Vess Oil where he oversees administrative and accounting matters. Mr.&nbsp;Koll has held
his current position since he joined Vess Oil in 1992. Mr.&nbsp;Koll received a Bachelor of Business Administration degree in Accounting from Wichita State University in 1972 and subsequently
received his CPA certificate. He is currently the Chairman of the KIOGA Committee on Ad Valorem Taxes and also serves on the Board of Directors and Executive Committee for KIOGA. He is a member of the
Kansas Society of Certified Public Accountants and the American Institute of Certified Public Accountants. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>William R. Horigan</I></B></FONT><FONT SIZE=2> is the Vice President of Operations for Vess Oil where he is responsible for the engineering, enhancement and
exploitation of its existing properties as well as the engineering analysis and evaluation of its future reserve acquisitions. Mr.&nbsp;Horigan joined Vess Oil in 1988 as Operations Manager. Prior
to joining Vess Oil, Mr.&nbsp;Horigan served in various petroleum engineering capacities for Amoco Production Company beginning in 1975. Mr.&nbsp;Horigan graduated from the University of Kansas in
1974 with a Bachelor of Science degree in Chemical Engineering. Mr.&nbsp;Horigan is a member of the Society of Petroleum Engineers and serves on the Executive Board for the Wichita Section. He is
also a member of the Producers Advisory Group and Petroleum Technology Transfer Council of the North Mid-Continent Region. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Brian Gaudreau</I></B></FONT><FONT SIZE=2> is the Vice President of Land for Vess Oil where he is responsible for land, contracts and acquisitions.
Mr.&nbsp;Gaudreau joined Vess Oil in 2002 as Vice President, Land and Acquisitions. Prior to joining Vess Oil, he held the title of Manager, Land and Acquisitions for Stelbar Oil
Corporation,&nbsp;Inc. beginning in 1989. Mr.&nbsp;Gaudreau graduated from the University of Kansas in 1977 with a Bachelors degree in Economics. Mr.&nbsp;Gaudreau belongs to the American
Association of Professional
Landmen and the Dallas Acquisitions, Divestitures, and Mergers Energy Forum and is the current Secretary of KIOGA. </FONT></P>

<P><FONT SIZE=2><B>Executive Management from Murfin Drilling  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B><I>David L. Murfin</I></B></FONT><FONT SIZE=2> is the President of Murfin Drilling and the Chairman and Chief Executive Officer of
Murfin,&nbsp;Inc. Mr.&nbsp;Murfin has held his positions at Murfin Drilling and Murfin,&nbsp;Inc. since 1992 and 1998, respectively. Mr.&nbsp;Murfin received degrees in Mechanical Engineering
and Business Administration from the University of Kansas in 1975. Mr.&nbsp;Murfin has previously served as National Chairman of the Liaison Committee of Cooperating Oil&nbsp;&amp; Gas Associations,
President of the KIOGA, a Regional Vice President of the Texas Independent Producers and Royalty Owners Association, and a member of the Executive Committee of the Board of Directors of the
International Association of Drilling Contractors. Mr.&nbsp;Murfin currently serves on the Board of Directors of the Independent Petroleum Association of America and on the National Petroleum
Council. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Jerry Abels</I></B></FONT><FONT SIZE=2> is Land Manager for Murfin Drilling where he is responsible for land and contracts. Mr.&nbsp;Abels has held his position at
Murfin Drilling since 1979. Prior to joining Murfin Drilling, he was involved in his own oilfield equipment and exploration business. Mr.&nbsp;Abels received a degree in Business from the University
of Texas in 1951. Mr.&nbsp;Abels is a CPLM, Certified Petroleum Landman, and has served on the National Board of the AAPL, American Association of Petroleum Landmen. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Richard W. Green</I></B></FONT><FONT SIZE=2> is the Controller of Murfin Drilling. After receiving his Masters in Science Accounting in 1971 from Wichita State
University, Mr.&nbsp;Green spent eight years in public accounting with Peterson, Peterson and Goss CPA's. Mr.&nbsp;Green joined Murfin Drilling as Assistant Controller in 1980. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>36</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=40,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=364016,FOLIO='36',FILE='DISK131:[06HOU0.06HOU1190]CK1190A.;21',USER='MBLOUNT',CD=';6-NOV-2006;22:42' -->
<A NAME="page_ck1190_1_37"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Robert D. Young</I></B></FONT><FONT SIZE=2> is the Treasurer and Chief Financial Officer of Murfin Drilling and the Chief Financial Officer of Murfin,&nbsp;Inc.
After receiving a Bachelor of Business Administration degree in Accounting from Wichita State University in 1965, Mr.&nbsp;Young began his career in 1965 with Peterson, Peterson and Goss CPA's.
Mr.&nbsp;Young joined Murfin Drilling as Controller and financial advisor to the sole owner of the company in 1974. Mr.&nbsp;Young is currently serving on the Board of Directors and is Treasurer
of the Petroleum Club of Wichita and is a member of the Kansas Society of Certified Public Accountants and the American Institute of Certified Public Accountants. </FONT></P>

<P><FONT SIZE=2><B>Beneficial Ownership of MV Partners  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following chart shows the ownership structure of MV Partners. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g697484.jpg" ALT="CHART" WIDTH="655" HEIGHT="318">
  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth the beneficial ownership of interests in MV Partners that will be outstanding upon the consummation of this offering, assuming no exercise of the
underwriters' option to purchase additional trust units, and the application of the related net proceeds to be received by MV Partners and held by: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>each
person who will then beneficially own 5% or more of the outstanding member interests in MV Partners;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>each
member of MV Partners' executive management team; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>all
members of MV Partners' executive management team as a group. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>37</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=41,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=563857,FOLIO='37',FILE='DISK131:[06HOU0.06HOU1190]CK1190A.;21',USER='MBLOUNT',CD=';6-NOV-2006;22:42' -->
<A NAME="page_ck1190_1_38"> </A>
<UL>
<UL>
</UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as indicated by footnote, the persons named in the table below have sole voting and investment power with respect to all member interests of MV Partners shown as beneficially
owned by them. The table below gives effect to the repurchase of all of the member interests beneficially owned by one of the members of MV Partners using the net proceeds from this offering as
described in "Use of Proceeds." </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="68%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="79%" ALIGN="LEFT"><FONT SIZE=1><B>Name of Beneficial Owner<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="16%" ALIGN="CENTER"><FONT SIZE=1><B>Percentage of<BR>
Member<BR>
Interests<BR>
Beneficially<BR>
Owned</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>MV Energy, LLC(1)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>85.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>VAP-I, LLC(2)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>50.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>Vess Acquisition Group, L.L.C.(3)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>42.5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>Murfin, Inc.(4)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>44.9</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>J. Michael Vess(5)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>42.1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>David L. Murfin(6)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>36.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>William R. Horigan</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>Brian Gaudreau</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>Jerry Abels</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>Robert D. Young</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>Richard W. Green</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>Richard J. Koll</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="79%"><FONT SIZE=2>Executive management team as a group(1)(2)(3)(4)(5)(6)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>78.5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>MV
Energy, LLC owns 50% of the membership interests of MV Partners. Vess Acquisition Group, L.L.C. and Murfin,&nbsp;Inc. each own 50% of the membership interests of MV Energy, LLC.
MV Energy also owns 69.9% of VAP-I,&nbsp;LLC, which owns 50% of the member interests of MV&nbsp;Partners. The address of MV Energy, LLC is 250 N. Water, Suite 300, Wichita, Kansas 67202.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>VAP-I,
LLC owns 50% of the member interests of MV Partners. MV Energy, LLC and Murfin,&nbsp;Inc. own 69.9% and 4.8%, respectively, of the member interests of
VAP-I, LLC. The address of VAP-I, LLC is 8100 E. 22nd North, Building 300, Wichita, Kansas 67226.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD><FONT SIZE=2>Vess
Acquisition Group, L.L.C. owns 50% of the member interests of MV Energy, LLC, the sole manager of MV Partners. MV Energy owns 85.0% of the member interests of MV Partners through
its ownership of a 50% member interest in MV Partners and a 69.9% member interest in VAP-I, LLC. Vess Energy, L.L.C. controls Vess Acquisition Group and owns 80% of the member interests of
Vess Acquisition Group. A trust formed by J.&nbsp;Michael Vess, of which Mr.&nbsp;Vess acts as trustee and is the sole beneficiary, owns 52% of the member interests of Vess Energy. The address of
Vess Acquisition Group is 8100 E. 22nd North, Building 300, Wichita, Kansas 67226.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD><FONT SIZE=2>Murfin,&nbsp;Inc.
owns 50% of the member interests of MV Energy, LLC, the sole manager of MV Partners. MV Energy owns 85.0% of the member interests of MV Partners through its
ownership of a 50% member interest in MV Partners and a 69.9% member interest in VAP-I, LLC. Mr.&nbsp;Murfin and his immediate family beneficially own 32.9% of Murfin,&nbsp;Inc. and
Mr.&nbsp;Murfin has the power to vote 81.1% of the shares of common stock of Murfin,&nbsp;Inc. Mr.&nbsp;Murfin's two sisters, who are directors in Murfin, Inc, and their immediate families each
beneficially own 32.9% of Murfin,&nbsp;Inc. Mr.&nbsp;Murfin's mother beneficially owns the remaining 1.3% of Murfin,&nbsp;Inc. Mr.&nbsp;Murfin may be deemed to beneficially own 100% of
Murfin,&nbsp;Inc. The address of Murfin,&nbsp;Inc. is 250 N. Water, Suite 300, Wichita, Kansas 67202.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(5)</FONT></DT><DD><FONT SIZE=2>Mr.&nbsp;Vess
holds 18.8% of his interests in MV Partners through the J. Michael Vess Revocable Trust, for which Mr.&nbsp;Vess is both the trustee and the sole beneficiary.
Mr.&nbsp;Vess also has dispositive power </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>38</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=42,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=562838,FOLIO='38',FILE='DISK131:[06HOU0.06HOU1190]CK1190A.;21',USER='MBLOUNT',CD=';6-NOV-2006;22:42' -->
<A NAME="page_ck1190_1_39"> </A>
<UL>

<P><FONT SIZE=2>over
an additional 23.3% of MV Partners. The address of Mr.&nbsp;Vess is 8100 E. 22nd North, Building 300, Wichita, Kansas 67226. </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(6)</FONT></DT><DD><FONT SIZE=2>Mr.&nbsp;Murfin
holds his interests in MV Partners through Murfin,&nbsp;Inc. Mr.&nbsp;Murfin and his immediate family beneficially own 32.9% of Murfin,&nbsp;Inc. and
Mr.&nbsp;Murfin has the power to vote 81.1% of the shares of common stock of Murfin,&nbsp;Inc. Mr.&nbsp;Murfin's two sisters, who are directors in Murfin,&nbsp;Inc., and their immediate
families each beneficially own 32.9% of Murfin,&nbsp;Inc. Mr.&nbsp;Murfin's mother beneficially owns the remaining 1.3% of Murfin,&nbsp;Inc. Mr.&nbsp;Murfin may be deemed to beneficially own
100% of Murfin,&nbsp;Inc. The address of Mr.&nbsp;Murfin is 250 N. Water, Suite 300, Wichita, Kansas 67202. </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>39</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=43,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=378500,FOLIO='39',FILE='DISK131:[06HOU0.06HOU1190]CK1190A.;21',USER='MBLOUNT',CD=';6-NOV-2006;22:42' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_cm1190_1_40"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cm1190_the_trust"> </A>
<A NAME="toc_cm1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>THE TRUST    <BR>    </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust is a statutory trust created under the Delaware Statutory Trust Act in August&nbsp;2006. The business and affairs of the trust will be managed by The
Bank of New York Trust Company, N.A., as trustee. MV Partners has no ability to manage or influence the operations of the trust. In addition, Wilmington Trust Company will act as Delaware trustee of
the trust. The Delaware trustee will have only minimal rights and duties as are necessary to satisfy the requirements of the Delaware Statutory Trust Act. In connection with the completion of this
offering, MV Partners will contribute the net profits interest to the trust in exchange for all 11,500,000 of the outstanding trust units. In addition, in connection with the trust's first quarterly
distribution, MV Partners will contribute cash in an amount equal to the amount that would have been payable to the trust as of the closing of this offering had the net profits interest been in effect
with respect to all production from the underlying properties since July&nbsp;1, 2006. The cash contribution will also include 80% of all amounts paid to MV Partners from hedge contract
counterparties for settlements related to the period from July&nbsp;1, 2006 to the closing of this offering.

 </FONT>

</P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trustee can authorize the trust to borrow money to pay trust administrative or incidental expenses that exceed cash held by the trust. The trustee may authorize the trust to borrow
from the trustee as a lender provided the terms of the loan are fair to the trust unitholders. The trustee may also deposit funds awaiting distribution in an account with itself, if the interest paid
to the trust at least equals amounts paid by the trustee on similar deposits, and make other short-term investments with the funds distributed to the trust. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trust will pay the trustee an administrative fee of $150,000 per year. The trust will pay the Delaware trustee a fee of $2,500 per year. The trust will also incur legal, accounting,
tax and engineering fees, printing costs and other expenses that are deducted by the trust before distributions are made to trust unitholders. Total administrative expenses of the trust on an
annualized basis for 2006 are initially expected to be approximately $660,000, including the administrative services fee payable to MV Partners. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
net profits interest will terminate on the later to occur of (1)&nbsp;June&nbsp;30, 2026, or (2)&nbsp;the time when 14.4&nbsp;MMBoe have been produced from the underlying
properties and sold (which amount is the equivalent of 11.5&nbsp;MMBoe in respect of the trust's right to receive 80% of the net proceeds from the underlying properties pursuant to the net profits
interest), and the trust will soon thereafter wind up its affairs and terminate. </FONT></P>

<P><FONT SIZE=2><B>Administrative Services Agreement  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the closing of this offering, the trust will enter into an administrative services agreement with MV Partners that obligates the trust,
throughout the term of the trust, to pay to MV Partners each quarter an administrative services fee for accounting, bookkeeping and informational services to be performed by MV Partners on behalf of
the trust relating to the net profits interest. The annual fee, payable in equal quarterly installments, will total $60,000 in 2006 and will increase by 4% each year beginning in January&nbsp;2007.
MV Partners and the trustee each may terminate the administrative services agreement at any time following delivery of notice no less than 90&nbsp;days prior to the date of termination. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>40</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=44,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=2801,FOLIO='40',FILE='DISK131:[06HOU0.06HOU1190]CM1190A.;48',USER='KBLACKW',CD=';8-NOV-2006;12:37' -->
<A NAME="page_cm1190_1_41"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cm1190_projected_cash_distributions"> </A>
<A NAME="toc_cm1190_2"> </A>
<BR></FONT><FONT SIZE=2><B>PROJECTED CASH DISTRIBUTIONS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately prior to the closing of this offering, MV Partners will create the term net profits interest through a conveyance to the trust of a term net profits
interest carved from MV Partners' interests in all of its oil and natural gas properties, which properties are located in the Mid-Continent region in the States of Kansas and Colorado. The
net profits interest will entitle the trust to receive 80% of the net proceeds from the sale of production of oil, natural gas and natural gas liquids attributable to the underlying properties until
the later to occur of (1)&nbsp;June&nbsp;30, 2026, or (2)&nbsp;the time when 14.4&nbsp;MMBoe have been produced from the underlying properties and sold (which amount is the equivalent of
11.5&nbsp;MMBoe in respect of the trust's right to receive 80% of the net proceeds from the underlying properties pursuant to the net profits interest). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
amount of trust revenues and cash distributions to trust unitholders will depend on, among other things: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>oil
prices and, to a lesser extent, natural gas prices;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
volume of oil, natural gas and natural gas liquids produced and sold;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
settlement prices of the hedge contracts;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>property
and production taxes;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>production,
development and post-production costs; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>administrative
expenses of the trust. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><B>Projected Cash Distributions  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth a projection of cash distributions to holders of trust units who own trust units as of the record date for the distribution related
to oil, natural gas and natural gas liquid production for the first quarter of 2007 and continue to own those trust units through the record date for the cash distribution payable with respect to oil,
natural gas and natural gas liquid production for the last quarter of 2007. The table also reflects the methodology for calculating the projected cash distribution. The cash distribution projections
were prepared by MV Partners for twelve months ending December&nbsp;31, 2007, on an accrual of production basis based on the hypothetical assumptions that are described in "&#151;Significant
Assumptions Used to Prepare the Projected Cash Distributions." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners does not as a matter of course make public projections as to future sales, earnings or other results. However, the management of MV Partners has prepared the projected
financial information set forth below to present the projected cash distributions to the holders of the trust units based on the estimates and hypothetical assumptions described below. The
accompanying unaudited projected financial information was generally prepared with a view toward complying with the guidelines established by the AICPA. The preparation of the projected financial
information diverged from the AICPA's guidelines, however, in that the AICPA recommends that projected financial information not be presented to persons who do not have the opportunity to negotiate
directly with the preparer of such information. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the view of MV Partners' management, the accompanying unaudited projected financial information was prepared on a reasonable basis and reflects the best currently available estimates
and judgments of
MV Partners related to oil, natural gas and natural gas liquid production, operating expenses and capital expenses, based on: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
oil, natural gas and natural gas liquid production estimates contained in the reserve report included as Appendix&nbsp;A to this prospectus; and </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>41</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=45,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=359608,FOLIO='41',FILE='DISK131:[06HOU0.06HOU1190]CM1190A.;48',USER='KBLACKW',CD=';8-NOV-2006;12:37' -->
<A NAME="page_cm1190_1_42"> </A>
<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
lease operating expenses, lease maintenance and development expenses, lease overhead expenses, production and property taxes and hedge settlement expenses for the twelve
months ending December&nbsp;31, 2007, contained in the reserve report. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
projected financial information was also based on the hypothetical assumption that prices for oil, natural gas and natural gas liquids remain constant during the twelve months ending
December&nbsp;31, 2007, and at First Call consensus price forecasts for 2007 as of August&nbsp;3, 2006, which were $63.04 per Bbl of oil and $8.08 per Mcf of natural gas (which prices exclude the
effects of financial hedging arrangements). Because there is no First Call consensus price for natural gas liquids, MV Partners used a hypothetical price equal to approximately 80% of the hypothetical
price used in the projected cash distribution table for oil, which is consistent with the historical pricing realized by MV Partners for natural gas liquids and is the methodology used in the reserve
report. These hypothetical prices were adjusted to take into account MV Partners' estimate of the basis differential (based on location and quality of the production) between published prices and the
prices actually received by MV Partners. These hypothetical prices are the prices utilized for purposes of preparing the reserve report in accordance with the requirements of the SEC. Actual prices
paid for oil, natural gas and natural gas liquids expected to be produced from the underlying properties in 2007 will likely differ from these hypothetical prices due to fluctuations in the prices
generally experienced with respect to the production of oil, natural gas and natural gas liquids, and such prices may be higher or lower than utilized for purposes of the projected financial
information. For example, the published average monthly closing NYMEX crude oil spot price per Bbl was $67.04 for the six months ended June&nbsp;30, 2006, with the monthly closing prices ranging
from $62.02 to $71.03 during such period. See "Risk Factors&#151;The amounts of the cash distributions by the trust are subject to fluctuation as a result of changes in oil, natural gas and
natural gas liquid prices." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners utilized these production estimates, hypothetical oil, natural gas and natural gas liquid prices and cost estimates in preparing the projected financial information. This
methodology is consistent with the requirements of the SEC for estimating oil, natural gas and natural gas liquid reserves and discounted present value of future net revenues attributable to the net
profits interest, other than the use of First Call consensus price forecasts rather than the use of constant prices based on the prices in effect at the time of the reserve estimate as required by the
rules and regulations of the SEC. The actual production amounts, commodity prices and costs for 2007, however, are not
known for certain, and the projected financial information should not be relied upon as being necessarily indicative of future results. Readers of this prospectus are cautioned not to place undue
reliance on the projected financial information. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
MV Partners' independent auditors, nor any other independent accountants, have compiled, examined or performed any procedures with respect to the projected financial information
contained herein, nor have they expressed any opinion or any other form of assurance on such information or its achievability, and assume no responsibility for, and disclaim any association with, the
projected financial information. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
projections and the estimates and hypothetical assumptions on which they are based are subject to significant uncertainties, many of which are beyond the control of MV Partners or
the trust. </FONT><FONT SIZE=2><B>Actual cash distributions to trust unitholders, therefore, could vary significantly based upon events or conditions occurring that are different from the events or
conditions assumed to occur for purposes of these projections.</B></FONT><FONT SIZE=2> Cash distributions to trust unitholders will be particularly sensitive to fluctuations in oil, natural gas and
natural gas liquid prices. See "Risk Factors&#151;The amounts of the cash distributions by the trust are subject to fluctuation as a result of changes in oil, natural gas and natural gas liquid
prices." </FONT><FONT SIZE=2><B>As a result of typical production declines for oil and natural gas properties, production estimates generally decrease from year to year, and the projected cash
distributions shown in the table below are not necessarily indicative of distributions for future years.</B></FONT><FONT SIZE=2> See "&#151;Sensitivity of Projected Cash Distributions to Oil,
Natural Gas and Natural Gas Liquid Production," which shows projected effects on cash distributions from hypothetical changes in oil production. Because payments to the trust will be generated by
depleting assets and the trust has a finite life with the production from the underlying properties diminishing over time, a portion of each distribution will represent a return of your original
investment. See "Risk Factors&#151;The reserves attributable to the underlying properties are depleting assets and production from those reserves will diminish over time. Furthermore, the trust
is precluded from acquiring other oil and natural gas properties or net profits interests to replace the depleting assets and production." </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>42</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=46,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=708300,FOLIO='42',FILE='DISK131:[06HOU0.06HOU1190]CM1190A.;48',USER='KBLACKW',CD=';8-NOV-2006;12:37' -->
<A NAME="page_cm1190_1_43"> </A>



<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="64%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=1><B>Projected Cash Distributions<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Projection for Twelve Months<BR>
Ending December&nbsp;31, 2007, Based<BR>
on Oil, Natural Gas and Natural<BR>
Gas&nbsp;Liquid&nbsp;Production&nbsp;in Reserve<BR>
Report(2)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(dollars in thousands, except per Bbl, Mcf and trust unit amounts)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Underlying properties sales volumes:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Oil (MBbls)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>1,104.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas (MMcf)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>131.5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas liquids (MBbls)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>8.6</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Assumed sales price:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Oil (per Bbl)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>58.74</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas (per Mcf)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>6.85</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas liquids (Bbls)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>46.84</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Calculation of net proceeds:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Gross proceeds:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Oil sales</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>64,846</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas sales</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>901</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas liquid sales</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>405</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Payments made to settle hedge contracts</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>(908</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>65,244</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Costs:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease operating expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>11,727</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease maintenance and development expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>5,135</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease overhead expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>2,239</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Production and property taxes</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>2,477</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>21,578</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Net proceeds</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>43,666</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Percentage allocable to net profits interest</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Net proceeds to trust from net profits interest</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>34,933</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Amounts payable to MV Partners to settle hedge contracts</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>550</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Percentage allocable to trust</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Payments to trust from hedge contracts</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>440</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Total cash proceeds to trust</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>35,373</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Trust administrative expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>662</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Projected cash distribution on trust units</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>34,711</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Projected cash distribution per trust unit(1)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>3.02</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>

<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Assumes
11,500,000 trust units outstanding.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>The
following table sets forth, on a quarterly basis, our projected cash distributions for each of the four quarters in the twelve-month period ending December&nbsp;31, 2007. Our
quarterly forecast is based on the same assumptions utilized for the preparation of the projection for the twelve-month period ending December&nbsp;31, 2007. </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>43</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=47,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=227750,FOLIO='43',FILE='DISK131:[06HOU0.06HOU1190]CM1190A.;48',USER='KBLACKW',CD=';8-NOV-2006;12:37' -->
<A NAME="page_cm1190_1_44"> </A>



<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER"><FONT SIZE=1><B>Quarter Ending</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>March 31,<BR>
2007</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>June 30,<BR>
2007</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>September 30,<BR>
2007</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December 31,<BR>
2007</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER"><FONT SIZE=1><B>(dollars in thousands, except per Bbl, Mcf and trust unit amounts)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Underlying Properties sales volumes:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Oil (MBbls)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>270.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>267.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>281.3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>284.9</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas (MMcf)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>34.3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>33.3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>32.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>31.5</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas liquids (MBbls)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>2.2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>2.2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2.1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2.1</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Assumed sales price:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Oil (per Bbl)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>58.74</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>58.74</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>58.74</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>58.74</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas (per Mcf)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>6.85</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>6.85</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>6.85</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>6.85</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Natural gas liquids (Bbls)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>46.84</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>46.84</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>46.84</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>46.84</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Calculation of net proceeds:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Gross proceeds:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Oil sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>15,884</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,709</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>16,520</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>16,733</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>235</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>228</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>222</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>216</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas liquid sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>105</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>102</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>100</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>98</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Payments made to settle hedge contracts</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>(227</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(227</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(227</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(227</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="36%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>15,997</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,812</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>16,615</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>16,820</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Costs:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease operating expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>2,892</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>2,903</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,943</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,988</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease maintenance and development expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>293</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,018</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,687</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,140</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease overhead expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>559</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>559</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>559</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>560</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Production and property taxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>591</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>581</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>643</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>662</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="36%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>4,335</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5,061</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>6,832</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>5,350</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Net proceeds</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>11,662</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>10,751</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>9,783</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>11,470</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Percentage allocable to net profits interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Net proceeds to trust from net profits interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>9,330</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>8,601</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,826</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>9,176</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Amounts payable to MV Partners to settle hedge contracts</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>180</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>205</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>123</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>43</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Percentage allocable to trust</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Payments to trust from hedge contracts</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>144</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>164</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>98</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>34</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Total cash proceeds to trust</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>9,474</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>8,765</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,924</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>9,210</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Trust administrative expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>166</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>166</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>166</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>166</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Projected cash distribution on trust units</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>9,308</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>8,599</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,758</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>9,044</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>Projected cash distribution per trust unit</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>0.81</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>0.75</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>0.67</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>0.79</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Sensitivity of Projected Cash Distributions to Oil, Natural Gas and Natural Gas Liquid Production  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The amount of revenues of the trust and cash distributions to the trust unitholders will be directly dependent on the sales price for oil, natural gas and natural
gas liquid production sold from the underlying properties, the volumes of oil, natural gas and natural gas liquids produced attributable to the underlying properties, payments made under the hedge
contracts and, to some degree, the level of variations in lease operating expenses, lease maintenance and development expenses, lease overhead expenses and production and property taxes. The increase
in the projected cash distributions in the twelve months ending December&nbsp;31, 2007 compared to the amount of cash that would have been available for distribution in the year ended
December&nbsp;31, 2005 is primarily because of an expected decrease in hedge settlement costs and an expected increase in production from 2005 to 2007. The table below demonstrates the projected
effect that hypothetical changes in the estimated oil production for 2007, as reflected in the reserve report, could have on cash distributions to the trust unitholders. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>44</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=48,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=329943,FOLIO='44',FILE='DISK131:[06HOU0.06HOU1190]CM1190A.;48',USER='KBLACKW',CD=';8-NOV-2006;12:37' -->
<A NAME="page_cm1190_1_45"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
table and discussion below sets forth sensitivity analyses of annual cash distributions per trust unit for the twelve months ending December&nbsp;31, 2007, on the accrual basis, on
the assumption that a trust unitholder purchased a trust unit on January&nbsp;1, 2007, and held such trust unit until the quarterly record date for distributions made with respect to oil, natural
gas and natural gas liquid production in the last quarter of 2007, based upon (1)&nbsp;the assumption that a total of 11,500,000 trust units are issued and outstanding after the closing of the
offering made hereby; (2)&nbsp;an assumed purchase price of $20.00 per trust unit; (3)&nbsp;various realizations of production levels estimated in the reserve report; (4)&nbsp;the hypothetical
commodity prices based upon First Call consensus price forecasts for oil and natural gas as of August&nbsp;3, 2006; (5)&nbsp;the impact of the hedge contracts entered into by MV Partners that
relate to production from the underlying properties; and (6)&nbsp;other assumptions described below under "&#151;Significant Assumptions Used to Prepare the Projected Cash Distributions." The
hypothetical commodity prices of oil, natural gas and natural gas liquid production shown have been chosen solely for illustrative purposes. For a description of the effect of calculating annual cash
distributions on an accrual basis rather than on a cash basis as prescribed in the conveyance of the net profits interest, see "&#151;Significant Assumptions Used to Prepare the Projected Cash
Distributions&#151;Timing of Actual Distributions." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>The table below is not a projection or forecast of the actual or estimated results from an investment in the trust units. The purpose of the table below is to
illustrate the sensitivity of cash distributions to changes in oil production levels. There is no assurance that the hypothetical assumptions described below will actually occur or that production
levels will not change by amounts different from those shown in the tables.</B></FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners has entered into certain hedge contracts related to the oil production from the underlying properties for the years 2006 through 2010. For the years 2006, 2007 and 2008, MV
Partners has entered into swap contracts and costless collars at prices ranging from $56 to $68 per barrel of oil that hedge approximately 82% to 86% of expected production from the proved developed
producing reserves attributable to the underlying properties in the reserve report. For the years 2009 and 2010, MV Partners has entered into swap contracts at prices ranging from $63 to $71 per
barrel of oil that hedge approximately 80% of expected production from the proved developed producing reserves attributable to the underlying properties in the reserve report. As a result, cash
distributions related to 2006, 2007 and 2008 are not expected to fluctuate significantly due to changes in oil prices, and fluctuations in cash distributions related to 2009 and 2010 as a result of
changes in oil prices will not be as significant as they would be if the hedge contracts were not in place. MV Partners has not entered into any hedge contracts related to production from the
underlying properties for periods after 2010 and, therefore, cash distributions for those periods are expected to fluctuate significantly as a result of changes in oil prices after 2010. See "Risk
Factors" for a discussion of various items that could impact production levels and the prices of oil and natural gas.

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>45</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=49,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=458441,FOLIO='45',FILE='DISK131:[06HOU0.06HOU1190]CM1190A.;48',USER='KBLACKW',CD=';8-NOV-2006;12:37' -->
<A NAME="page_cm1190_1_46"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
purpose of the table below is to illustrate the sensitivity of cash distributions solely to changes in oil production levels, excluding the impact of any price differences for
production of oil from the prices forecasted. The table below is not a projection or forecast of the actual or estimated results from an investment in the trust units. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Sensitivity of Total 2007 Projected Cash Distributions Per Trust Unit<BR>
to Changes in Oil Production  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="71%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="69%" ALIGN="CENTER"><FONT SIZE=1><B>Percentage of<BR>
2007 Estimated Oil Production(1)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Total&nbsp;2007&nbsp;Projected<BR>
Cash Distributions<BR>
Per Trust Unit</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="69%"><FONT SIZE=2>90%</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="26%" ALIGN="RIGHT"><FONT SIZE=2>2.57</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="69%"><FONT SIZE=2>95%</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="26%" ALIGN="RIGHT"><FONT SIZE=2>2.79</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="69%"><FONT SIZE=2>100%</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="26%" ALIGN="RIGHT"><FONT SIZE=2>3.02</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="69%"><FONT SIZE=2>105%</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="26%" ALIGN="RIGHT"><FONT SIZE=2>3.24</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="69%"><FONT SIZE=2>110%</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="26%" ALIGN="RIGHT"><FONT SIZE=2>3.47</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Estimated
oil production is based on the reserve report included as Appendix&nbsp;A to this prospectus, and the sensitivity analysis assumes that oil production will continue to
represent the same percentage of total production as estimated for 2007 in the reserve report. </FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due
to the significant hedging in place with respect to estimated 2007 oil production, no sensitivity analysis is presented to reflect the sensitivity of changes in oil prices on the
level of cash distributions to unitholders. In addition, because estimated production for 2007 is expected to consist of approximately 98% oil and 2% natural gas and natural gas liquids, no
sensitivity analysis is presented to reflect the sensitivity of changes in production or prices of natural gas or natural gas liquids on the level of cash distributions to unitholders. </FONT></P>

<P><FONT SIZE=2><B>Significant Assumptions Used to Prepare the Projected Cash Distributions  </B></FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Timing of Actual Distributions.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In preparing the projected cash distributions and sensitivity analysis above, the revenues
and expenses of the trust were calculated based on the terms of the conveyance creating the trust's net profits interest. These calculations are described under "Computation of Net
Proceeds&#151;Net Profits Interest," except that amounts for the projection and table above were calculated on an accrual or production basis rather than the cash basis prescribed by the
conveyance. As a result, the proceeds for production for a portion of the three months ended December&nbsp;31, 2007, and reflected in the projection and sensitivity analysis, will actually enter
into the calculation of net proceeds to be received by the trust in 2008. Net proceeds from production during the five months ended December&nbsp;31, 2006, will in fact be distributed to the trust
in 2007. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Production Estimates.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Production estimates for 2007 are based on the reserve report. The reserve report assumed constant
prices at June&nbsp;30, 2006, based on a crude oil price of $73.93 ($70.68 realized) per Bbl, the weighted average wellhead natural gas price at June&nbsp;30, 2006, of $5.07 per Mcf and the
natural gas liquid price at June&nbsp;30, 2006, of $56.37 per Bbl. Production from the underlying properties for 2007 is estimated to be 1,104.0&nbsp;MBbls of oil, 131.5&nbsp;MMcf of natural gas
and 8.6&nbsp;MBbls of natural gas liquids. See "&#151;Oil, Natural Gas and Natural Gas Liquid Prices" below for a description of changes in production due to price variations. Net sales for
the six months ended June&nbsp;30, 2006, on an accrual basis, were 515&nbsp;MBbls of oil, 51&nbsp;MMcf of natural gas and 3&nbsp;MBbl of natural gas liquids. Net sales for the year ended
December&nbsp;31, 2005, on an accrual basis, were 1,058 MBbls of oil, 89 MMcf of natural gas and 5&nbsp;MBbls of natural gas liquids. The projected increase of estimated production for 2007 is
primarily the result of approximately $3.4&nbsp;million of maintenance and development expenditures on the underlying properties that are planned to be incurred by MV Partners during the second half
of 2006 for well workover and other development activities that are expected to increase production from the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>46</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=50,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=36554,FOLIO='46',FILE='DISK131:[06HOU0.06HOU1190]CM1190A.;48',USER='KBLACKW',CD=';8-NOV-2006;12:37' -->
<A NAME="page_cm1190_1_47"> </A>
<BR>

<P><FONT SIZE=2>underlying
properties beginning in late 2006 and through 2007. In addition, MV Partners expects to incur approximately $5.1&nbsp;million of maintenance and development expenditures during 2007 to
further increase production from the underlying properties in 2007. Although MV Partners expects annual production from the underlying properties to decline at an average annual rate of 3.5% over the
next 20&nbsp;years, MV Partners expects the actual annual decline rate to be smaller during the beginning of that period and to increase over the course of that period. The expected increase in the
annual decline rate over the course of this 20-year period is primarily a result of the assumption that no additional development drilling or other capital expenditures are made after 2010 on the
underlying properties. Differing levels of production will result in different levels of distributions and cash returns. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil, Natural Gas and Natural Gas Liquid Prices.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Hypothetical oil and natural gas prices assumed in the projected cash
distribution table are based on published First Call consensus forecasts of oil and natural gas prices for 2007 as of August&nbsp;3, 2006. Published NYMEX benchmark prices for crude oil are based
upon an assumed light, sweet crude oil of a particular gravity that is stored in Cushing, Oklahoma while published NYMEX benchmark prices for natural gas are based upon delivery at the Henry Hub in
Louisiana. These prices differ from the average or actual price received for production attributable to the underlying properties. Differentials between published oil and natural gas prices and the
prices actually received for the oil and natural gas production may vary significantly due to market conditions, transportation costs and other factors. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the above tables, $4.31 per barrel is deducted from the First Call consensus forecast price for crude oil in 2007 to reflect these differentials. This deduction is based on MV
Partners' estimate of the average difference between the NYMEX published price of crude oil and the price to be received by MV Partners for production attributable to the underlying properties during
2007. The average difference between the NYMEX published price of crude oil and the price received by MV Partners for oil production attributable to the underlying properties during the month of
June&nbsp;2006 was $3.25 per barrel, which is the assumed differential used in the reserve report. Pro forma average oil prices appearing in this prospectus have been adjusted for these
differentials. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the cash distribution table, $1.23 is deducted from the First Call consensus forecast price for natural gas in 2007 to reflect these differentials. This deduction is based on MV
Partners' estimate of the average difference between the NYMEX published price of natural gas and the price to be received by MV Partners for production attributable to the underlying properties
during 2007. The average difference between the NYMEX published price of natural gas and the price received by MV Partners for natural gas production attributable to the underlying properties during
the six months ended June&nbsp;30, 2006 was $1.73 per Mcf. Because there is no First Call consensus price for natural gas liquids, MV Partners used a hypothetical price equal to approximately 80% of
the hypothetical price used in the projected cash distribution table for oil, which is consistent with the historical pricing realized by MV Partners for natural gas liquids and is the methodology
used in the reserve report. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
adjustments to published oil, natural gas and natural gas liquid prices applied in the above projected cash distribution estimate are based upon an analysis by MV Partners of the
historic price differentials for production from the underlying properties with consideration given to gravity, quality and transportation and marketing costs that may affect these differentials in
2007. There is no assurance that these assumed differentials will occur in 2007. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;When
oil, natural gas and natural gas liquid prices decline, the operators of the properties comprising the underlying properties may elect to reduce or completely suspend production. No
adjustments have been made to estimated 2007 production to reflect potential reductions or suspensions of production. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Settlements of Hedge Contracts.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The projected gross proceeds includes the impact of payments that would be made to settle the
hedge contracts in 2007 based upon the hypothetical oil prices assumed in the projected cash distribution table. In addition, the cash distribution table includes the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>47</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=51,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=774914,FOLIO='47',FILE='DISK131:[06HOU0.06HOU1190]CM1190A.;48',USER='KBLACKW',CD=';8-NOV-2006;12:37' -->
<A NAME="page_cm1190_1_48"> </A>
<BR>

<P><FONT SIZE=2>impact
of the trust's right to receive 80% of the amounts payable to MV&nbsp;Partners from hedge contract counterparties upon monthly settlements of the hedge contracts. MV Partners has entered into
swap contracts with respect to 687,000 Bbls of oil expected to be produced from the underlying properties during 2007 at a weighted average price per Bbl of $62.52 and has entered into costless
collars with respect to 120,000 Bbls of oil expected to be produced from the underlying properties during 2007 at a weighted average floor and ceiling price of $61.00 and $68.00, respectively. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the year ended December&nbsp;31, 2005, MV Partners incurred costs of approximately $22&nbsp;million as a result of the settlement of hedging arrangements. Because of the price
at which these hedging arrangements settled compared to the market price of crude oil, the excess of revenues over direct operating expenses for the underlying properties during the year ended
December&nbsp;31, 2005 was significantly decreased from what it otherwise would have been had these hedging arrangements not been in place. Using the hypothetical oil prices in the projected cash
distributions table above, the projected cash distributions include an estimated cost of $358,000 related to hedge settlements in 2007. This estimated decrease in hedge settlement costs between 2005
and 2007 is the primary reason for the increase in projected cash distributions between 2005 and 2007. </FONT></P>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costs.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;For 2007, MV Partners estimates lease operating expenses to be $11.7&nbsp;million, lease maintenance and development
expenses to be $5.1&nbsp;million, lease overhead expenses to be $2.2&nbsp;million and production and property taxes to be $2.5&nbsp;million. For the six months ended June&nbsp;30, 2006, lease
operating expenses were $5.6&nbsp;million, lease maintenance and development expenses were $1.9&nbsp;million, lease overhead expenses were $1.1&nbsp;million and production and property taxes
were $1.9&nbsp;million. Lease overhead is the estimated fee for all properties operated by MV Partners that is deducted by MV Partners in calculating net proceeds. For a description of production
expenses and development costs, see "Computation of Net Proceeds&#151;Net Profits Interest." MV&nbsp;Partners expects its costs in 2007 to be substantially the same as its expected costs in
2006 after giving effect to capital projects expected to be undertaken during the third and fourth quarters of 2006.

 </FONT>

</P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administrative Expense.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Trust administrative expense for 2007 is assumed to be $662,000. See "The Trust." </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>48</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=52,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=417484,FOLIO='48',FILE='DISK131:[06HOU0.06HOU1190]CM1190A.;48',USER='KBLACKW',CD=';8-NOV-2006;12:37' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_co1190_1_49"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="co1190_the_underlying_properties"> </A>
<A NAME="toc_co1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>THE UNDERLYING PROPERTIES    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The underlying properties consist of MV Partners' net interests in all of its oil and natural gas properties as of the date of the conveyance of the net profits
interest to the trust, which properties are located in the Mid-Continent region in the States of Kansas and Colorado. These oil and natural gas properties consist of approximately 985
producing oil and natural gas wells on approximately 202 leases. MV Partners acquired the underlying properties in two transactions, the first of which was in 1998 when it acquired a substantial
portion of the underlying properties from a major oil and gas company, and the second of which was in 1999 when it acquired the remaining portion of the underlying properties from a large independent
oil and natural gas company. As of June&nbsp;30, 2006, proved reserves attributable to the underlying properties, as estimated in the reserve report, were approximately 18.7 MMBoe with a
PV-10 of $358.7&nbsp;million. During the six months ended June&nbsp;30, 2006, average net daily production from the underlying properties was 2,904&nbsp;Boe per day. Affiliates of MV
Partners are currently the operators or contract operators of substantially all of the properties comprising the underlying properties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners' interests in the properties comprising the underlying properties require MV Partners to bear its proportionate share, along with the other working interest owners, of the
costs of development and operation of such properties. The properties comprising the underlying properties are burdened by non-working interests owned by third parties, consisting
primarily of royalty interests retained by the owners of the land subject to the working interests. These landowners' royalty interests typically entitle the landowner to receive 12.5% of the revenue
derived from oil and natural gas production resulting from wells drilled on the landowner's land, without any deduction for drilling costs or other costs related to production of oil and natural gas.
A working interest percentage represents a working interest owner's proportionate ownership interest in a property in relation to all other working interest owners in that property, whereas a net
revenue interest percentage is a working interest owner's percentage of production after reducing such percentage by the percentage of burdens on such production such as royalties and overriding
royalties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
on the reserve report, the net profits interest would entitle the trust to receive net proceeds from the sale of production of 11.5 MMBoe of proved reserves attributable to the
underlying properties expected to be produced during the term of the net profits interest, calculated as 80% of the proved reserves attributable to the underlying properties expected to be produced
during the term of the net profits interest. The reserves attributable to the underlying properties include all reserves expected to be economically produced during the life of the properties, whereas
the trust is entitled to only receive 80% of the net proceeds from the sale of production of oil, natural gas and natural gas liquids attributable to the underlying properties during the term of the
net profits interest. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners' interest in the underlying properties after deducting the net profits interest entitles it to 20% of the net proceeds from the sale of production of oil, natural gas and
natural gas liquids attributable to the underlying properties during the term of the net profits interest and all of the net proceeds thereafter. Immediately following the closing of this offering,
MV&nbsp;Partners intends to sell at the initial public offering price the 4,000,000 trust units not sold in this offering to its two members, MV&nbsp;Energy and VAP-I, in exchange for cash in the
amount of $8.0&nbsp;million and promissory notes. Each of MV&nbsp;Energy and VAP-I will own 50% of the retained units. These retained trust units are subject to lock-up arrangements. See "Trust
Units Eligible for Future Sale&#151;Lock-up Agreements." MV Partners believes that its members' retained ownership interests will provide sufficient incentive for MV Partners to operate (or
cause to be operated) and develop the oil and natural gas properties comprising the underlying properties in an efficient and cost-effective manner. In addition, MV Partners has agreed to
use commercially reasonable efforts to cause the operators of the underlying properties to operate these properties in the same manner it would if these properties were not burdened by the net profits
interest. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Mid-Continent region is a mature producing region with well-known geologic characteristics. Most of the production from the underlying properties consists of
desirable crude oil of a quality level </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>49</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=53,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=343095,FOLIO='49',FILE='DISK131:[06HOU0.06HOU1190]CO1190A.;50',USER='MBLOUNT',CD=';8-NOV-2006;18:43' -->
<A NAME="page_co1190_1_50"> </A>
<BR>

<P><FONT SIZE=2>between
sweet and sour with 33 to 34 gravity averages. Most of the producing wells to which the underlying properties relate are relatively shallow, ranging from 600 to 4,500 feet, and many are
completed to multiple producing zones. In general, the producing wells to which the underlying properties relate have stable production profiles and their production is generally
long-lived, often with total projected economic lives in excess of 50&nbsp;years. Based on the reserve report, annual production from the underlying properties is expected to decline at
an average annual rate of 3.5% over the next 20&nbsp;years assuming no additional development drilling or other capital expenditures are made after 2010 on the underlying properties. MV Partners
expects total capital expenditures for the underlying properties during the next five years will be approximately $17&nbsp;million, which it expects will partially offset the natural decline in
production otherwise expected to occur with respect to the underlying properties as described in more detail below. </FONT></P>

<P><FONT SIZE=2><B>Historical Results of the Underlying Properties  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth revenues, direct operating expenses and the excess of revenues over direct operating expenses relating to the underlying properties
for the three years in the period ended December&nbsp;31, 2005, and for the six-month periods ended June&nbsp;30, 2005 and 2006, derived from the underlying properties' audited and unaudited
statements of historical revenues and direct operating expenses included elsewhere in this prospectus. The unaudited statements were prepared on a basis consistent with the audited statements and, in
the opinion of MV Partners, include all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the revenues, direct operating expenses and the excess of revenues
over direct operating expenses relating to the underlying properties for the periods presented. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="97%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December&nbsp;31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six months ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=14 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands, except operating data)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Revenues:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Oil sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>34,610</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>44,364</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>57,353</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>25,868</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>32,928</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>562</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>571</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>609</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>229</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>314</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas liquid sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>247</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>294</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>312</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>133</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>151</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Hedge and other derivative activity</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>(7,383</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(14,403</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(22,319</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(10,912</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(15,587</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>28,036</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>30,826</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>35,955</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,318</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17,806</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Direct operating expenses:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease operating expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>10,156</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>10,430</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>11,307</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5,237</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5,565</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease maintenance</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1,334</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,454</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,916</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>584</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,052</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease overhead</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2,047</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>2,015</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>2,068</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,016</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,097</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Production and property tax</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1,322</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,389</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,867</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>945</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,864</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>14,859</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,288</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17,158</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>7,782</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>9,578</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Excess of revenues over direct operating expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>13,177</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,538</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>18,797</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>7,536</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>8,228</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners has historically entered into certain hedging arrangements and other derivatives to reduce the exposure of the revenues from oil production for the underlying properties to
fluctuations in crude oil prices. In addition, MV Partners was required under the terms of its original agreement of limited partnership to hedge approximately 80% of its expected annual proved
producing reserves. As a result of the repurchase of the limited partner interest in MV Partners in 2005 as described in "MV Partners," this requirement is no longer in effect. From 2003 to 2005,
approximately 70% to 74% of the actual oil production volumes were subject to these hedging arrangements with settlement prices ranging from $20.10 to $33.60 per barrel. During that same period, the
average NYMEX price per barrel of crude oil was between $31.07 and $56.67. These hedging arrangements have now expired and

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>50</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=54,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=602416,FOLIO='50',FILE='DISK131:[06HOU0.06HOU1190]CO1190A.;50',USER='MBLOUNT',CD=';8-NOV-2006;18:43' -->
<A NAME="page_co1190_1_51"> </A>
<BR>

<P><FONT SIZE=2>


will not impact the amount of cash available for distribution to the trust. The settlement prices of the existing hedge contracts range from $56 to $71 and are more consistent with current crude oil
prices.

</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table provides oil and natural gas sales volumes, average sales prices and capital expenditures relating to the underlying properties for the three years in the period
ended December&nbsp;31, 2005, and for the six-month periods ended June&nbsp;30, 2005 and 2006. Sales volumes for natural gas liquids
during the periods presented were not significant. Average prices do not include the effect of hedge and other derivative activity. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="89%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December&nbsp;31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six&nbsp;months&nbsp;ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>Operating data:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Sales volumes:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Oil (MBbls)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,198</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,127</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,058</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>520</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>515</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Natural gas (MMcf)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>116</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>104</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>89</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>39</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>51</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Average Prices:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Oil (per Bbl)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>28.89</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>39.37</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>54.21</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>49.73</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>63.92</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Natural gas (per Mcf)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>4.84</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>5.51</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>6.83</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>5.86</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>6.15</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>Capital expenditures (in thousands):</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Property acquisition</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,108</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,380</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,895</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>732</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>752</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Well development</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>172</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>297</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>381</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>299</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>46</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,280</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,677</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2,276</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,031</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>798</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Discussion and Analysis of Historical Results of the Underlying Properties  </B></FONT></P>

<UL>

<P><FONT SIZE=2><I> Comparison of Results of the Underlying Properties for the Six Months Ended June&nbsp;30, 2006 and 2005  </I></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excess of revenues over direct operating expenses for the underlying properties was $8.2&nbsp;million for the six months ended June&nbsp;30, 2006, compared to
$7.5&nbsp;million for the six months ended June&nbsp;30, 2005. The increase was primarily a result of an increase in the average price received for the oil and natural gas sold. This was partially
offset by an increase in direct operating expenses, an increase in hedge and other derivative expense and an increase in production and property tax expense. </FONT></P>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Revenues from oil, natural gas and natural gas liquid sales increased $7.2&nbsp;million between the periods. This
increase in revenues was primarily the result of an increase in the average price received for crude oil sold from $49.73 per Bbl for the six months ended June&nbsp;30, 2005 to $63.92 per Bbl for
the six months ended June&nbsp;30, 2006. The increase in revenues was also the result of an increase in the average price received for natural gas sold from $5.86 per Mcf for the six months ended
June&nbsp;30, 2005 to $6.15 per Mcf for the six months ended June&nbsp;30, 2006, as well as a small increase in volumes sold.

 </FONT>

</P>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedging and Other Derivative Activities.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Hedging and other derivative activities expense increased from $10.9&nbsp;million
for the six months ended June&nbsp;30, 2005 to $15.6&nbsp;million for the six months ended June&nbsp;30, 2006. This increase was due to an increase in ineffectiveness of hedges and other
derivatives then in place being recorded to the expense account and an increase in realized hedge losses for the period.


</FONT>

</P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At June&nbsp;30, 2006, MV Partners recorded a $2.9&nbsp;million expense for ineffectiveness of hedges and other derivatives compared to no ineffective portion at June&nbsp;30,
2005. The increase in ineffectiveness during the six months ended June&nbsp;30, 2006 compared to the six months ended June&nbsp;30, 2005 is partially the result of additional hedge and other
derivative contracts placed during the last quarter of 2005. At June&nbsp;30, 2005, MV Partners had open swap agreements covering the next 12 months and no open collar transactions. At
June&nbsp;30, 2006, MV Partners had open swap agreements covering the next 54 month periods and an open collar transaction covering the 12 months of 2007 which increased the


</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>51</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=55,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=27759,FOLIO='51',FILE='DISK131:[06HOU0.06HOU1190]CO1190A.;50',USER='MBLOUNT',CD=';8-NOV-2006;18:43' -->
<A NAME="page_co1190_1_52"> </A>
<BR>

<P><FONT SIZE=2>


volume of hedges and the exposure to hedge ineffectiveness compared to June&nbsp;30, 2005. The change in value of the open collar transaction resulted in an expense of $1.2&nbsp;million for the
six months ended June&nbsp;30, 2006.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedge ineffectiveness of the swap agreements is the result of various factors including changes in the average crude oil price and changes in the basis differential between the NYMEX
price and the price actually received by MV Partners. An increase in the basis differential, the increase in the price of crude oil and the extended hedge and derivative contracts, all combined to
increase the expense associated with the swap agreements for the six months ended June&nbsp;30, 2006 by $1.7&nbsp;million.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, a portion of the increase in hedge and other derivative expense was due to the higher average NYMEX price per Bbl of crude oil for the first half of 2006 of $67.09 compared
to $51.51 for the first half of 2005. The weighted average settlement price of hedges and other derivatives for the first half of 2006 was $38.45 compared to $23.82 for the first half of 2005. The
remainder of the increase was due to 49,076 more Bbls of oil being subject to hedge arrangements during the first half of 2006.


</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedge ineffectiveness and actual hedge losses increased during the period of rising oil prices as experienced from 2003 to 2005 when the average NYMEX price per barrel of crude oil went
from $31.07 to $56.56. Hedge ineffectiveness and hedge losses typically decrease during periods of flat or declining oil prices. Because commodity prices can fluctuate significantly, past performance
of our hedges is not necessarily indicative of their future performance.

 </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prices.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The average price received for the crude oil and natural gas sold increased primarily as a result of an increase in
the oil price and natural gas price indices on which the sales prices for a majority of the production were based. </FONT></P>


<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volumes.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The small decrease in oil, natural gas and natural gas liquid sales volumes, which decrease is less than the natural
decline of the underlying properties, is primarily attributable to the low production affected by the ice storm in the first quarter of 2005 and the results of MV Partners' development program in the
first half of 2006. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Direct operating expenses.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Direct operating expenses increased from $7.8&nbsp;million for the six months ended
June&nbsp;30, 2005 to $9.6&nbsp;million for the six months ended June&nbsp;30, 2006. This increase was primarily a result of casing repair to several wells, repair and cleanout of a salt water
disposal system well, continuing restoration of wells from inactive status to producing status and an increase in production and property tax. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease maintenance expense.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The increase in lease maintenance expense was primarily due to the timing of scheduled projects in
the first half of 2006. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Production and Property Taxes.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Production and property taxes increased as a result of the increases in the price of crude oil
and in revenues from oil, natural gas and natural gas liquid sales, on which these taxes are based. </FONT></P>

<UL>

<P><FONT SIZE=2><I> Comparison of Results of the Underlying Properties for the Years Ended December&nbsp;31, 2005 and 2004  </I></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excess of revenues over direct operating expenses for the underlying properties was $18.8&nbsp;million for the year ended December&nbsp;31, 2005, compared to
$15.5&nbsp;million for the year ended December&nbsp;31, 2004. The increase was primarily a result of an increase in the average price received for the oil and natural gas sold. This was partially
offset by a decrease in production and an increase in direct operating expenses. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Revenues from oil, natural gas and natural gas liquid sales increased $13.0&nbsp;million between the periods.
This increase in revenues was primarily the result of an increase in the average price received for crude oil sold from $39.37 per Bbl for the year ended December&nbsp;31, 2004 to $54.21 per Bbl for
the year ended December&nbsp;31, 2005. The increase in revenues was also the result of an </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>52</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=56,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=829045,FOLIO='52',FILE='DISK131:[06HOU0.06HOU1190]CO1190A.;50',USER='MBLOUNT',CD=';8-NOV-2006;18:43' -->
<A NAME="page_co1190_1_53"> </A>
<BR>

<P><FONT SIZE=2>increase
in the average price received for natural gas sold from $5.51 per Mcf for the year ended December&nbsp;31, 2004 to $6.83 per Mcf for the year ended December&nbsp;31, 2005. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedging and Other Derivative Activities.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Hedging and other derivative activities expense increased from $14.4&nbsp;million
for the year ended December&nbsp;31, 2004 to $22.3&nbsp;million for the year ended December&nbsp;31, 2005. This increase was due primarily to the higher average NYMEX settle price for the year
ended December&nbsp;31, 2005 of $56.57 compared to $41.38 for the year ended December&nbsp;31, 2004. The weighted average hedge price for 2005 was $28.60 compared to $24.02 for 2004. A small
increase was due to ineffectiveness of hedges currently in place being recorded to the expense account. In the year ended December&nbsp;31, 2005, a $0.8&nbsp;million expense for ineffectiveness
was recorded compared to no ineffective portion for the year ended December&nbsp;31, 2004. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prices.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The average price received for crude oil and natural gas sold increased primarily as a result of an increase in the
oil price and natural gas price indices on which the sales prices for a majority of the production were based. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volumes.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The decrease in oil, natural gas and natural gas liquid sales volumes was attributable to the natural decline of
proved producing volumes along with a 2% production loss due to widespread ice storms in January and February of 2005. These declines were in part offset by the results of MV Partners' development
program in 2005. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Direct operating expenses.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Direct operating expenses increased from $15.3&nbsp;million for the year ended
December&nbsp;31, 2004 to $17.2&nbsp;million for the year ended December&nbsp;31, 2005. This increase was primarily a result of increased costs of primary vendors who rely on large uses of
hydrocarbon products such as (1)&nbsp;pumpers (gasoline), (2)&nbsp;utilities (cost of fuel), (3)&nbsp;treating chemicals (hydrocarbon base) and (4)&nbsp;pulling units (fuel surcharge). This
increase was also supplemented by wage increases associated with the increased demand for oilfield employees and increases in the price of steel for tubular and other metal products. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease maintenance expense.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Reactivating shut-in wells accounted for the largest part of the increase in lease
maintenance expenses during 2005. The same factors described above in direct operating expenses concerning increased costs of primary vendors also contributed to the increase in lease maintenance
expense. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Production and Property Taxes.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Production and property taxes increased $0.5&nbsp;million as a result of the increase in
revenues from oil, natural gas and natural gas liquid sales and increased equipment value on which these taxes are based. </FONT></P>

<UL>

<P><FONT SIZE=2><I> Comparison of Results of the Underlying Properties for the Years Ended December&nbsp;31, 2004 and 2003  </I></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excess of revenues over direct operating expenses for the underlying properties was $15.5&nbsp;million for the year ended December&nbsp;31, 2004, compared to
$13.2&nbsp;million for the year ended December&nbsp;31, 2003. The increase was primarily a result of an increase in the average price received for the oil and natural gas sold. This was partially
offset by a decrease in production and an increase in direct operating expenses. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Revenues from oil, natural gas and natural gas liquid sales increased $9.8&nbsp;million between these periods.
This increase in revenues was primarily the result of an increase in the average price received for crude oil sold from $28.89 per Bbl for the year ended December&nbsp;31, 2003 to $39.37 per Bbl for
the year ended December&nbsp;31, 2004. The increase in revenues was also the result of an increase in
the average price received for natural gas sold from $4.84 per Mcf for the year ended December&nbsp;31, 2003 to $5.51 per Mcf for the year ended December&nbsp;31, 2004. </FONT></P>


<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prices.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The average price received for crude oil and natural gas sold increased primarily as a result of an increase in the
oil price and natural gas price indices on which the sales prices for a majority of the production were based. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>53</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=57,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=189513,FOLIO='53',FILE='DISK131:[06HOU0.06HOU1190]CO1190A.;50',USER='MBLOUNT',CD=';8-NOV-2006;18:43' -->
<A NAME="page_co1190_1_54"> </A>
<BR>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedging and Other Derivative Activities.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Hedging and other derivative activities expense increased from $7.4&nbsp;million
for the year ended December&nbsp;31, 2003 to $14.4&nbsp;million for the year ended December&nbsp;31, 2004. This increase was due primarily to the higher average NYMEX settle price for the year
ended December&nbsp;31, 2004 of $41.38 compared to $31.07 for the year ended December&nbsp;31, 2003. The weighted average hedge price for 2004 was $24.02 compared to $22.14 for 2003. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volumes.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The decrease in oil, natural gas and natural gas liquid sales volumes was primarily attributable to the natural
decline of proved producing volumes. This decline was in part offset by the results of MV Partners' development program in 2004. </FONT></P>


<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Direct operating expenses.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Direct operating expenses increased from $14.9&nbsp;million for the year ended
December&nbsp;31, 2003 to $15.3&nbsp;million for the year ended December&nbsp;31, 2004. This increase of 2.7% was primarily a result of general inflation in MV Partners' primary vendor costs. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Production and Property Taxes.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Production and property taxes increased $0.1&nbsp;million as a result of the increase in
revenues from the sale of oil, natural gas and natural gas liquids on which these taxes are based. </FONT></P>


<P><FONT SIZE=2><B>Liquidity and Capital Resources  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners acquired the underlying properties in two transactions, the first of which was in 1998 and the second of which was in 1999. MV Partners' primary
sources of capital and liquidity have been proceeds from sales of limited partner interests prior to its conversion to a limited liability company, borrowings under its bank credit facility and cash
flow from operations. To date, its primary uses of capital have been to service its debt requirements, for development of working interests in its oil and natural gas properties located in Kansas and
eastern Colorado and for distributions. It continually monitors its capital resources available to meet its future financial obligations and planned capital expenditures. For more information
regarding the liquidity and capital resources of MV Partners,
please see "Management's Discussion and Analysis of Financial Condition and Results of Operations of MV Partners&#151;Liquidity and Capital Resources." </FONT></P>

<P><FONT SIZE=2><B>Hedge and Derivative Contracts  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The revenues derived from the underlying properties depend substantially on prevailing crude oil and, to a lesser extent, natural gas and natural gas liquid
prices. As a result, commodity prices also affect the amount of cash flow available for distribution to the trust unitholders. Lower prices may also reduce the amount of oil, natural gas and natural
gas liquids that MV Partners can economically produce. MV Partners sells the oil, natural gas and natural gas liquid production from the underlying properties under floating market price contracts
each month. MV Partners has entered into the hedge and other derivative contracts to reduce the exposure of the revenues from oil production from the underlying properties from 2006 through 2010 to
fluctuations in crude oil prices and to achieve more predictable cash flow. However, these contracts limit the amount of cash available for distribution if prices increase. The hedge and other
derivative contracts consist of fixed price swap contracts and costless collar arrangements that have been placed with major trading counterparties who MV Partners believes represent minimal credit
risks. MV Partners cannot provide assurance, however, that these trading counterparties will not become credit risks in the future. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>54</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=58,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=675048,FOLIO='54',FILE='DISK131:[06HOU0.06HOU1190]CO1190A.;50',USER='MBLOUNT',CD=';8-NOV-2006;18:43' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_cq1190_1_55"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The crude oil swap contracts and costless collar arrangements will settle based on the average of the settlement price for each commodity business day in the contract month. In a swap
transaction, the counterparty is required to make a payment to MV Partners for the difference between the fixed price and the settlement price if the settlement price is below the fixed price. MV
Partners is required to make a payment to the counterparty for the difference between the fixed price and the settlement price if the settlement price is above the fixed price. In a collar
arrangement, the counterparty is required to make a payment to MV Partners for the difference between the fixed floor price and the settlement price if the settlement price is below the fixed floor
price. MV Partners is required to make a payment to the counterparty for the difference between the fixed ceiling price and the settlement price if the settlement price is above the fixed ceiling
price. Neither party is required to make a payment if the settlement price falls between the fixed floor and ceiling prices. From June&nbsp;30, 2006 through December&nbsp;31, 2010, MV Partners'
crude oil price risk management positions in swap contracts and collar arrangements are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=4 ALIGN="CENTER"><FONT SIZE=1><B>Fixed Price Swaps</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=7 ALIGN="CENTER"><FONT SIZE=1><B>Collars</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Weighted&nbsp;Average&nbsp;Price<BR>
(Per Bbl)</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ROWSPAN=2 ALIGN="LEFT"><FONT SIZE=1><B>Month<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Volumes<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Weighted<BR>
Average&nbsp;Price<BR>
(Per Bbl)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Volumes<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Floor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Ceiling</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>July 2006</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>70,664</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.02</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>August 2006</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>70,349</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.02</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>September 2006</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>70,037</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.01</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>October 2006</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>69,729</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.01</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>November 2006</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>69,422</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>December 2006</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>69,120</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>January 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>16,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.31</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>February 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.33</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>March 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.21</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>April 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.08</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>May 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>62.92</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>June 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>62.76</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>July 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>62.61</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>August 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>62.47</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>September 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>62.33</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>October 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>62.18</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>November 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>62.04</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>December 2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>61.89</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>January 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>106,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>60.42</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>February 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>March 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>April 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>May 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>June 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>July 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>August 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>September 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>October 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>November 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>December 2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>61,167</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.53</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>January 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>February 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>March 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>April 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- insert table folio -->
<BR>
<P ALIGN="CENTER"><FONT SIZE=2>55</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=59,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=383310,FOLIO='55',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_56"> </A>

<!-- end of table folio -->
<DIV ALIGN="CENTER"><TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>May 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>June 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>July 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>August 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>September 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>October 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>November 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>December 2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>January 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>February 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>March 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>April 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>May 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>June 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>July 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>August 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>September 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>October 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>November 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>December 2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>53,150</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Producing Acreage and Well Counts  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the following data, "gross" refers to the total wells or acres in which MV Partners owns a working interest and "net" refers to gross wells or acres
multiplied by the percentage working interest owned by MV Partners. Although many of MV Partners' wells produce both oil and natural gas, a well is categorized as an oil well or a natural gas well
based upon the ratio of oil to natural gas production. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
underlying properties are interests in developed properties located in oil and natural gas producing regions of Kansas and eastern Colorado. The following is a summary of the
approximate acreage of the underlying properties at June&nbsp;30, 2006. Undeveloped acreage is not significant. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="68%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Gross</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Net</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>El Dorado Area</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>15,405</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>15,393</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Northwest Kansas Area</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>11,885</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>11,840</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Other</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>20,350</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>16,649</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="71%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>47,640</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>43,882</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following is a summary of the producing wells on the underlying properties as of June&nbsp;30, 2006: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="67%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>Operated&nbsp;Wells</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>Non-Operated&nbsp;Wells</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>Total</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=1><B>Gross</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>Net</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="9%" ALIGN="CENTER"><FONT SIZE=1><B>Gross</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="9%" ALIGN="CENTER"><FONT SIZE=1><B>Net</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=1><B>Gross</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>Net</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Oil</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>908</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>888</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>71</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>10</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>979</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>898</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Natural gas</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>4</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>6</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>4</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>913</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>892</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>72</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>10</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>985</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>902</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>56</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=60,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=934084,FOLIO='56',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_57"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following is a summary of the number of developmental wells drilled by MV Partners on the underlying properties during the last three years. MV Partners did not drill any exploratory
wells during the periods presented. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="72%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER"><FONT SIZE=1><B>Year Ended December 31,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>Gross</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="CENTER"><FONT SIZE=1><B>Net</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>Gross</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="CENTER"><FONT SIZE=1><B>Net</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>Gross</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="5%" ALIGN="CENTER"><FONT SIZE=1><B>Net</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>Completed:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Oil wells</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>8</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>8</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>6</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>6&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas wells</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>Non-productive</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>0.9</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>9</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>9</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>7</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>6.9</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of June&nbsp;30, 2006, MV Partners had drilled three wells on the underlying properties. Two of the wells have been completed and are currently producing and the third well has been
successfully completed and is in the process of being tied into production facilities. Drilling equipment has been contracted for the 13 wells to be drilled in the remainder 2006. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table shows the average sales prices per Bbl of oil and Mcf of natural gas produced and the production costs and production and property taxes per Boe for the underlying
properties. Sales volumes for natural gas liquids during the periods presented were not significant. Average prices do not include the effect of hedge and other derivative activity. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="72%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year Ended December 31,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Sales prices:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="57%"><FONT SIZE=2>Oil (per Bbl)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>28.89</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>39.37</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>54.21</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="57%"><FONT SIZE=2>Natural gas (per Mcf)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>4.84</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5.51</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>6.83</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Lease operating expense (per Boe)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>8.33</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>9.09</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>10.51</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Lease maintenance (per Boe)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.09</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.27</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.78</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Lease overhead (per Boe)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.68</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.76</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.92</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Production and property taxes (per Boe)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.08</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.21</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.74</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Major Producing Areas  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approximately 62% of the net acres included in the underlying properties are located in the El Dorado Area, which is located in southeastern Kansas, and in the
Northwest Kansas Area. The properties comprising the underlying properties are all located in mature fields that are characterized by long production histories. The properties provide continual
workover and developmental opportunities which MV Partners has pursued to reduce the natural decline in production from the underlying properties. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> El Dorado Area  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The properties comprising the underlying properties located in the El Dorado Area are operated on behalf of MV Partners by Vess Oil and are located in the El
Dorado, Augusta and the Valley Center Fields. Vess Oil has actively pursued infill drilling, well re-entries, plugback and deepening recompletion operations, various types of restimulation
work and equipment optimization programs to reduce the natural decline in production from these fields. </FONT></P>


<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;El Dorado Field.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The El Dorado Field is located atop the Nemaha Ridge in Central Butler County, Kansas and was first
discovered in 1915. Up to 15 horizons have been reported to contain hydrocarbons, ranging from the Admire Sands, at a depth of 650 feet, to the Arbuckle Dolomite, at a depth of 2,500 feet. The primary
producing intervals are the Admire, Lansing-Kansas City, Viola, </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>57</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=61,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=1019554,FOLIO='57',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_58"> </A>
<BR>

<P><FONT SIZE=2>Simpson
and Arbuckle. Cumulative production of all producers from the El Dorado Field has exceeded 300 MMBbls of oil with production peaking between 1916 and 1918 at 116,000 Bbls per day in 1918. </FONT></P>


<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Augusta Field.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Augusta Field is on a trend similar to the nearby El Dorado Field and strikes northeast parallel to the
Nemaha Ridge. The field was first discovered in 1914 and covers approximately 10 square miles of Butler County, Kansas. The primary producing interval has been the Arbuckle with additional production
coming from the Simpson and Lansing-Kansas City intervals. Cumulative production of all producers from the Augusta Field has exceeded 48 MMBbls of oil. The Augusta Field is largely an extension of the
El Dorado Field and has very similar geological characteristics. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vess
Oil has maintained constant activity in these fields to increase production. Vess Oil plans to drill 20 infill developmental wells in the Arbuckle, Lansing-Kansas City and Simpson
intervals and 16 infill developmental wells in the Whitecloud interval in the El Dorado area during the next five years. Vess
Oil also plans to maintain its 11 well annual recompletion and workover program over the next five years. Vess Oil recently received approval from the Kansas Corporation Commission for water injection
into the Whitecloud formation and has commenced a waterflood program to enhance production from this reservoir. Vess Oil has completed two active injection wells and plans to convert additional wells
as the infill developmental drilling program proceeds. Vess Oil also plans to extend the Admire production facilities in the Oil Hill area, which will enable reactivation of several wells and several
recompletion opportunities. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valley Center Field.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Valley Center Field was first discovered in 1928 and covers approximately 60 square miles of
Sedgwick County, Kansas. Production is primarily from the Viola interval, which is located at an average depth of 2,500 feet. Cumulative production of all producers from the Valley Center Field has
exceeded 25 MMBbls of oil. The Valley Center Field has similar geological characteristics as the El Dorado Field. Vess Oil plans to drill two wells in the Valley Center Field and equip this area with
high volume lift equipment. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Northwest Kansas Area  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of Vess Oil and Murfin Drilling operate leases on behalf of MV Partners included in the properties comprising the underlying properties that are located in
the Northwest Kansas Area. The primary fields in this area are the Bemis-Shutts, Trapp, Ray and Hansen Fields. Vess Oil and Murfin Drilling have actively pursued polymer treatments, stimulation
workovers and recompletion operations to reduce the natural decline in production from these fields. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bemis-Shutts Field.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Bemis-Shutts Field is located on the Fairport Anticline within the Central Kansas Uplift and was
first discovered in 1928. The field consists of 17,080 acres in northeastern Ellis and southeastern Rooks Counties, Kansas. Production has been from multiple pay zones with the primary formation being
the Arbuckle interval at a depth of 3,300 feet and the Lansing-Kansas City interval at a depth of 2,800 feet. Cumulative production of all producers from the Bemis-Shutts Field has exceeded 248 MMBbls
of oil. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Both
Vess Oil and Murfin Drilling have pursued polymer treatment programs with success in the Bemis-Shutts Field and plan to continue these workovers. MV Partners recently conducted a
3-D seismic survey over a large portion of the field to further define the boundaries of the Arbuckle structure in the field and to evaluate undrilled infill locations. This data has been
processed and over 14 potential infill drilling locations have been identified. Infill drilling is scheduled to start during the fourth quarter of this year </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trapp Field.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Trapp Field consists of 35,900 acres in Russell and Barton Counties, Kansas and was first discovered in
1929. Production has primarily been from the Lansing-Kansas City and Shawnee limestones and the Arbuckle dolomite. Cumulative production of all producers from the Trapp Field has exceeded 239 MMBbls
of oil. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>58</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=62,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=194593,FOLIO='58',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_59"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Murfin
Drilling operates the leases held by MV Partners in the Trapp Field. Over the next three years, Murfin Drilling plans to restimulate 12 producing wells and drill one development
well in the field and recomplete three wells in other nearby zones. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hansen and Ray Fields.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Hansen Field is located along the crest of the Stuttgart-Huffstutor Anticline and was first
discovered in 1943. Production from this field has primarily come from the Lansing-Kansas City limestone. Cumulative production of all producers from the Hansen Field has exceeded 9.2 MMBbls of oil. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Ray Field is located on the eastern flank of the Central Kansas Uplift and was first discovered in 1940. Production has primarily been from the Arbuckle dolomite and the Gorham sands
with additional production from the Lansing-Kansas City interval along the eastern flank of the field. Cumulative production of all producers from the Ray Field has exceeded 18 MMBbls of oil. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Hansen and Ray Fields consist of over 7,000 acres in Philips and Norton Counties, Kansas. Murfin Drilling operates the leases held by MV Partners in the Hansen and Ray Fields.
Through the remainder of 2006, Murfin Drilling plans to clean out and acidize six injectors to improve waterflood efficiency within these fields. During the next three years, Murfin Drilling plans to
reactivate one producer well and drill one development well. </FONT></P>

<P><FONT SIZE=2><B>Planned Development and Workover Program  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since acquiring the underlying properties in 1998 and 1999, MV Partners has implemented a development program on the properties comprising the underlying
properties to further develop proved undeveloped reserves and help offset the natural decline in production. These activities included recompletion of certain existing wells into new producing
horizons, workovers of existing wells and the drilling of infill development wells. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
development program that MV&nbsp;Partners currently intends to implement over the next five years with respect to the underlying properties categorized as proved undeveloped
reserves consists of drilling 66 development wells, 51 recompletion and workover projects, 16 polymer stimulations and 1&nbsp;waterflood project. The development program that MV&nbsp;Partners
currently intends to implement over the next five years with respect to the underlying properties categorized as proved developed non-producing reserves consists of 4 well reactivation
projects, 10 injection well workover projects, 1&nbsp;recompletion project and 28 well workover projects. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recently, MV Partners undertook a 3-D seismic survey covering several leases constituting a part of the underlying properties. These leases have over 30 undrilled offset
locations of varying quality based on offset production and subsurface mapping. The 3-D data was utilized to refine the subsurface mapping with respect to the size of mapped sink holes and
define smaller structural features along the edges of the main formation reservoir. Using this data, MV Partners has scheduled the drilling of 14 proved undeveloped locations over the next five years.
In the future, MV Partners plans to expand its 3-D seismic program into other fields constituting a part of the underlying properties.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners is also utilizing modern, commercially available technology in various projects, including its work with the Petroleum Technology Transfer Council to implement better
applications of gelled polymers in certain reservoirs to increase oil production while reducing associated water production. These treatments are designed to seal the high-permeability
channels connecting the water-bearing portions of the reservoir directly to the wellbore. These seals are created by treating the well with a stable polymer gel that shuts-off
fluid movement in the channels, which allows bypassed areas of the reservoir to be swept by water and which may result in additional oil being brought to the wellbore. MV Partners has also dedicated
significant resources to the study of injecting carbon dioxide into certain reservoirs in Kansas to recover additional otherwise lost oil reserves. This project was partially funded by the Department
of Energy in conjunction with the Tertiary Oil Recovery Project at the University of Kansas. MV Partners has achieved successful results using gas gun stimulation in certain workover projects on the
properties comprising the underlying properties. Gas gun stimulation

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>59</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=63,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=73284,FOLIO='59',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_60"> </A>
<BR>

<P><FONT SIZE=2>


is a commercially available technology that involves using a tool that generates a burst of high-pressure gas which creates microfractures in the formation across the perforated reservoir interval.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners expects total capital expenditures for the underlying properties during the next five years will be approximately $17&nbsp;million. Of this total, MV Partners contemplated
spending approximately $12.8&nbsp;million to drill approximately 65 development wells in ten project areas and approximately $4.1&nbsp;million for recompletion and workovers of existing wells. MV
Partners expects that these capital projects will add production that will partially offset the natural decline in production otherwise expected to occur with respect to the underlying properties. The
trust is not directly obligated to pay any portion of any capital expenditures made with respect to the underlying properties; however, capital expenditures made by MV Partners with respect to the
underlying properties will be deducted from the gross proceeds in calculating the net proceeds from which cash will be paid to the trust. As a result, the trust will indirectly bear an 80% (subject to
certain limitations during the final three years of



the trust, as described below) share of any capital expenditures made with respect to the underlying properties. Accordingly, higher or lower capital expenditures will, in general, directly decrease
or increase, respectively, the cash received by the trust in respect of its net profits interest. As the cash received by the trust in respect of the net profits interest will be reduced by the
trust's pro rata share of these capital expenditures, MV Partners expects that it will incur capital expenditures with respect to the underlying properties throughout the term of the trust on a basis
that balances the impact of the capital expenditures on current cash distributions to the trust unitholders with the longer term benefits of increased oil and natural gas production expected to result
from the capital expenditures. In addition, MV Partners may establish a capital reserve of up to $1.0&nbsp;million to reduce the impact on distributions of uneven capital expenditure timing.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners, as the operator of the underlying properties, is entitled to make all determinations related to capital expenditures with respect to the underlying properties, and there are
no limitations on the amount of capital expenditures that MV Partners may incur with respect to the underlying properties, except as described below. As the trust unitholders would not be expected to
fully realize the benefits of capital expenditures made with respect to the underlying properties towards the end of the term of the trust, during each twelve-month period beginning on the later to
occur of (1)&nbsp;June&nbsp;30, 2023 and (2)&nbsp;the time when 13.2 MMBoe have been produced from the underlying properties and sold (which is the equivalent of 10.6 MMBoe in respect of the net
profits interest), capital expenditures that may be taken into account in calculating net proceeds attributable to the net profits interest will be limited to the average annual capital expenditures
during the preceding three years, as adjusted for inflation. See "Computation of Net Proceeds&#151;Net Profits Interest." MV Partners believes that this limitation on future capital
expenditures will allow the public trust unitholders to more fully realize the benefits of capital expenditures made with respect to the underlying properties. </FONT></P>

<P><FONT SIZE=2><B>Reserves  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc. estimated oil, natural gas and natural gas liquid reserves attributable to the underlying properties as of
June&nbsp;30, 2006. Numerous uncertainties are inherent in estimating reserve volumes and values, and the estimates are subject to change as additional information becomes available. The reserves
actually recovered and the timing of production of the reserves may vary significantly from the original estimates. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cawley,
Gillespie&nbsp;&amp; Associates,&nbsp;Inc. calculated reserve quantities and revenues attributable to the net profits interest based on projections of reserves and revenues
attributable to the underlying properties less reserve quantities of a sufficient value to pay 80% of the future estimated costs, before trust administrative expenses, that are deducted in calculating
net proceeds. Proved reserve quantities attributable to the net profits interest are calculated by multiplying the gross reserves for the underlying properties by the net profits interest assigned to
the trust in the underlying properties. The net revenues attributable to the trust's reserves are net of the share of applicable production and development expenses, taxes and
post-production costs that are used to calculate the net profits </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>60</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=64,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=62542,FOLIO='60',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_61"> </A>
<BR>

<P><FONT SIZE=2>interest.
The reserves and net revenues attributable to the net profits interest include only the reserves attributable to the underlying properties that are expected to be produced within the term of
the net profits interest calculated as described above. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
discounted estimated future net revenues presented below were prepared using assumptions required by the SEC. Except to the extent otherwise described below, these assumptions
include the use of prices for oil, natural gas and natural gas liquids as of June&nbsp;30, 2006, of $70.68 per Bbl of oil, $5.07 per Mcf of natural gas and $56.37 per Bbl of natural gas liquids, as
well as costs for estimated future development and production expenditures to produce the proved reserves as of June&nbsp;30, 2006. The estimated future net revenues from proved reserves also gives
effect to the impact of the hedge contracts on the price received in connection with the sale of oil production from the underlying properties. Because oil, natural gas and natural gas liquid prices
are influenced by many factors, use of prices as of June&nbsp;30, 2006, as required by the SEC, may not be the most accurate basis for estimating future revenues of reserve data. Future net cash
flows are discounted at an annual rate of 10%. There is no provision for federal income taxes with respect to the future net cash flows attributable to the underlying properties or the net profits
interest because future net revenues are not subject to taxation at the MV Partners or trust level. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proved Reserves of Underlying Properties and the Net Profits Interest.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth, as of June&nbsp;30,
2006, certain estimated proved reserves, estimated future net revenues and the discounted present value thereof attributable to the underlying properties and the net profits interest, in each case
derived from the reserve report. A summary of the reserve report is included as Appendix&nbsp;A to this prospectus. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="83%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Underlying<BR>
Properties(1)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>80%&nbsp;of&nbsp;Underlying<BR>
Properties(2)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Net&nbsp;Profits&nbsp;Interest(3)</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Proved Reserves:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Oil (MBbls)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>18,424</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>11,302</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,318</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Natural gas (MMcf)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,422</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,006</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>683</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Natural gas liquids (MBbls)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>106</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>71</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>48</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Oil equivalents (MBoe)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>18,730</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>11,516</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,463</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Future net revenues</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>784,132</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>523,423</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>523,423</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Discounted estimated future net revenues(4)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>358,737</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>278,629</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>278,629</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Standardized measure(5)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>358,737</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>278,629</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>$278,629</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Reserve
volumes and estimated future net revenues for underlying properties reflect volumes and revenues attributable to MV Partners' net interests in the properties comprising the
underlying properties.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Reflects
80% of proved reserves attributable to the underlying properties expected to be produced within the term of the net profits interest based on the reserve report.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD><FONT SIZE=2>Proved
reserves for the net profits interest are calculated as (x)&nbsp;80% of proved reserves of the underlying properties </FONT><FONT SIZE=2><I>less</I></FONT><FONT SIZE=2>
(y)&nbsp;reserve quantities of a sufficient value to pay 80% of the future estimated costs that are deducted in calculating net proceeds. Accordingly, proved reserves for the net profits interest
reflect quantities expected to be produced during the term of the net profits interest that are calculated after reductions for future costs and expenses based on price and cost assumptions used in
the reserve estimates.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD><FONT SIZE=2>The
present values of future net revenues for the underlying properties and the net profits interest were determined using a discount rate of 10% per annum.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(5)</FONT></DT><DD><FONT SIZE=2>As
of June&nbsp;30, 2006, MV Partners was structured as a limited partnership. Accordingly, no provision for federal or state income taxes has been provided because taxable income
was passed </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>61</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=65,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=602471,FOLIO='61',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_62"> </A>
<UL>

<P><FONT SIZE=2>through
to the members of MV Partners. Therefore, the standardized measure of the underlying properties is equal to the PV-10, which totaled $358.7&nbsp;million as of June&nbsp;30,
2006. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information
concerning historical changes in net proved reserves attributable to the underlying properties, and the calculation of the standardized measure of discounted future net
revenues related thereto, is contained in the unaudited supplemental information contained elsewhere in this prospectus. MV Partners has not filed reserve estimates covering the underlying properties
with any other federal authority or agency. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table summarizes the changes in estimated proved reserves of the underlying properties for the periods indicated. The data is presented assuming the underlying properties
were acquired prior to December&nbsp;31, 2002. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=7 ALIGN="CENTER"><FONT SIZE=1><B>Underlying Properties</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=1><B>Oil<BR>
(MBbl)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Natural&nbsp;Gas<BR>
(MMcf)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Natural&nbsp;Gas<BR>
Liquids<BR>
(MBbl)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="14%" ALIGN="CENTER"><FONT SIZE=1><B>Oil&nbsp;Equivalents<BR>
(MBoe)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=7 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Balance, December 31, 2002</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>16,472</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,552</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>143</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>16,991</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>Revisions, extensions, discoveries and additions</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>322</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(910</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(26</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>153</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(1,198</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(116</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(1,219</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Balance, December 31, 2003</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,596</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,526</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>114</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,924</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>Revisions, extensions, discoveries and additions</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,447</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(283</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>1,399</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(1,127</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(104</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(1,147</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Balance, December 31, 2004</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,915</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,139</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>108</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>16,176</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>Revisions, extensions, discoveries and additions(1)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>3,049</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>309</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>3,104</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(1,058</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(89</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(1,076</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Balance, December 31, 2005</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17,906</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,359</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>109</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>18,203</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>Revisions, extensions, discoveries and additions</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>773</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>88</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>786</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(254</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(26</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(260</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Balance, June 30, 2006</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>18,424</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,422</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>106</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>18,730</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2><BR>
Proved Developed Reserves:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Balance, December 31, 2002</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,510</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,671</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>143</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,881</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Balance, December 31, 2003</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>14,913</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,349</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>114</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,212</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Balance, December 31, 2004</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,317</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,139</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>108</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,577</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Balance, December 31, 2005</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,888</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,063</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>109</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>16,136</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Balance, June 30, 2006</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>16,460</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,123</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>106</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>16,716</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Reserve
revisions in 2005 reflect the increase in crude oil prices during the year which has lengthened the economic life of the underlying properties and thereby increased
recoverable reserves. In addition, in 2005 MV Partners expanded the scope of its maintenance and development project scheduling from a forward range of 24 to 36&nbsp;months to 60&nbsp;months,
which also increased recoverable reserves. This expanded scope reflects management's budgeted project activity over the 60&nbsp;month period commencing January&nbsp;1, 2006. The expanded scope
accommodates additional infield drilling, recompletion and workover projects in the El Dorado Area in addition to 14&nbsp;Bemis infield drilling locations that have been further refined by recent
3-D seismic activity. </FONT></DD></DL>

<P><FONT SIZE=2><B>Sale and Abandonment of Underlying Properties  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners and any transferee of any of the underlying properties will have the right to abandon its interest in any well or property comprising a portion of the
underlying properties if, in its opinion, such well or property ceases to produce or is not capable of producing in commercially paying


</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>62</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=66,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=640268,FOLIO='62',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_63"> </A>
<BR>

<P><FONT SIZE=2>


quantities. To reduce or eliminate the potential conflict of interest between MV Partners and the trust in determining whether a well is capable of producing in commercially paying quantities, MV
Partners is required under the applicable conveyance to act as a reasonably prudent operator in the State of Kansas under the same or similar circumstances would act if it were acting with respect to
its own properties, disregarding the existence of the net profits interest as a burden on such property. For the years ended December&nbsp;31, 2003, 2004 and 2005, MV Partners plugged and abandoned
8, 12 and 17 wells, respectively, based on its determination that such wells were no longer economic to operate.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners generally may sell all or a portion of its interests in the underlying properties, subject to and burdened by the net profits interest, without the consent of the trust
unitholders. In addition, MV Partners may, without the consent of the trust unitholders, require the trust to release the net profits interest associated with any lease that accounts for less than or
equal to 0.25% of the total production from the underlying properties in the prior 12&nbsp;months and provided that such releases cannot exceed, during any 12-month period, an aggregate
fair market value to the trust of $500,000. These releases will be made only in connection with a sale by MV Partners of the relevant underlying properties and are conditioned upon the trust receiving
an amount equal to the fair value to the trust of such net profits interest. Any net sales proceeds paid to the trust are distributable to trust unitholders for the quarter in which they are received.
MV Partners has not identified for sale any of the underlying properties. </FONT></P>

<P><FONT SIZE=2><B>Marketing and Post-Production Services  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the terms of the conveyance creating the net profits interest, MV Partners will have the responsibility to market, or cause to be marketed, the oil,
natural gas and natural gas liquid production attributable to the underlying properties. The terms of the conveyance creating the net profits interest do not permit MV Partners to charge any marketing
fee when determining the net proceeds upon which the net profits interest will be calculated. As a result, the net proceeds to the trust from the sales of oil, natural gas and natural gas liquid
production from the underlying properties will be determined based on the same price that MV Partners receives for oil, natural gas and natural gas liquid production attributable to MV Partners'
remaining interest in the underlying properties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kansas
is a mature oil producing state with a well-developed transportation infrastructure for crude oil transportation and marketing. According to the Kansas Geological
Society, more than 1,700 operators reported oil production of approximately 33.6&nbsp;million barrels for the State of Kansas during 2005. Kansas is home to three oil refineries located in
McPherson, El Dorado and Coffeyville, Kansas. These refineries have combined capacity to refine over 300,000 barrels of oil per day. With oil production in the State of Kansas averaging less than
100,000 barrels of oil per day, Kansas is a net importer of crude oil. As a result, Kansas operators benefit from the competitive marketing conditions for their oil production as a result of the high
demand from the refineries located in Kansas. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners currently sells all of its oil production to third party crude oil purchasers, including the three refineries identified above, at market prices. A substantial portion of the
crude oil produced from the underlying properties is sold to Eaglwing,&nbsp;L.P. and SemCrude,&nbsp;L.P. The members of MV Energy and certain members of MV Partners' other member,
VAP-I, including each of Messrs.&nbsp;Vess and Murfin, own minority interests in Eaglwing and SemCrude. Each of these purchasers buys crude oil from MV Partners at market prices, and MV
Partners does not have a contract with either purchaser for the sale of crude oil production. MV Partners does not believe that the loss of either of these parties as a purchaser of crude oil
production from the underlying properties would have a material impact on the business or operations of MV Partners or the underlying properties because of the competitive marketing conditions in
Kansas as described above.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil
production is typically transported by truck from the field to the closest gathering facility or refinery. MV Partners sells the majority of the oil production from the underlying
properties under short-term contracts using market sensitive pricing. The price received by MV Partners for the oil production from the underlying properties is usually based on the NYMEX
price applied to equal daily </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>63</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=67,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=944115,FOLIO='63',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_64"> </A>
<BR>

<P><FONT SIZE=2>quantities
on the month of delivery that is then reduced for differentials based upon delivery location and oil quality. The average differential for oil production during the month on
June&nbsp;2006 was $3.25 per barrel, though MV Partners expects that differential to increase in the future. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
natural gas produced by MV Partners is marketed and sold to third party purchasers. The natural gas is sold on contract basis and, in all but one case, the contracts are in their
secondary terms and are on a month-to-month basis. In all cases, the contract price is based on a percentage of a published regional index price, after adjustments for Btu
content, transportation and related charges. </FONT></P>

<P><FONT SIZE=2><B>Title to Properties  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The properties comprising the underlying properties are subject to certain burdens that are described in more detail below. To the extent that these burdens and
obligations affect MV Partners' rights to production and the value of production from the underlying properties, they have been taken into account in calculating the trust's interests and in
estimating the size and the value of the reserves attributable to the underlying properties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners' interests in the oil and natural gas properties comprising the underlying properties are typically subject, in one degree or another, to one or more of the following: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>royalties,
overriding royalties and other burdens, express and implied, under oil and natural gas leases;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>overriding
royalties, production payments and similar interests and other burdens created by MV Partners or its predecessors in title;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>a
variety of contractual obligations arising under operating agreements, farm-out agreements, production sales contracts and other agreements that may affect the underlying
properties or their title;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>liens
that arise in the normal course of operations, such as those for unpaid taxes, statutory liens securing unpaid suppliers and contractors and contractual liens under
operating agreements that are not yet delinquent or, if delinquent, are being contested in good faith by appropriate proceedings;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>pooling,
unitization and communitization agreements, declarations and orders;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>easements,
restrictions, rights-of-way and other matters that commonly affect property;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>conventional
rights of reassignment that obligate MV Partners to reassign all or part of a property to a third party if MV Partners intends to release or abandon such
property; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>rights
reserved to or vested in the appropriate governmental agency or authority to control or regulate the underlying properties and the net profits interest therein. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>MV
Partners believes that the burdens and obligations affecting the properties comprising the underlying properties are conventional in the industry for similar properties. MV Partners also believes
that the existing burdens and obligations do not, in the aggregate, materially interfere with the use of the underlying properties and will not materially adversely affect the value of the net profits
interest. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners acquired the underlying properties in two transactions, the first of which was in 1998 when it acquired a substantial portion of the underlying properties from a major oil
and gas company and the second of which was in 1999 when it acquired the remaining portion of the underlying properties from a large independent oil and gas company. At the time of its acquisition of
the underlying properties, MV Partners undertook a thorough title examination of the underlying properties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners will record the conveyance of the net profits interest in Kansas in the real property records in each Kansas county where the properties are located. MV Partners believes
that the delivery and recording of the conveyances will constitute fully conveyed and vested property interests in the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>64</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=10,SEQ=68,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=862091,FOLIO='64',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_65"> </A>

<P><FONT SIZE=2>trust
under Kansas law. Although no assurance can be given, MV Partners believes that, if, during the term of the trust, MV Partners becomes involved as a debtor in a bankruptcy proceeding, the
conveyance of the net profits interest, as vested and recorded property interests, cannot be avoided by a bankruptcy trustee. If in such a proceeding a determination were made that the conveyance
constitutes an executory contract and the net profits interest is not a fully conveyed property interest under the laws of Kansas, and if such contract were not to be assumed in a bankruptcy
proceeding involving MV Partners, the trust would be treated as an unsecured creditor of MV Partners with respect to such net profits interest in the pending bankruptcy proceeding. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil
and gas leases are real property interests under Colorado law. Net profits interests are non-operating, non-possessory interests carved out of the oil and gas
leasehold estate, but Colorado courts have not directly determined whether a net profits interest is a real or a personal property interest. MV Partners believes that it is possible that the net
profits interest may not be treated as a real property interest under the laws of Colorado. MV Partners intends to record the conveyance of the net profits interest in the real property records of
Colorado in accordance with local recording acts. MV Partners believes that, if, during the term of the trust, MV Partners becomes involved as a debtor in a bankruptcy proceeding, the net profits
interest relating to the underlying properties located in Colorado should be treated as a fully conveyed property interest under the laws of Colorado. In such a proceeding, however, a determination
could be made that the conveyance constitutes an executory contract and the net profits interest is not a fully conveyed personal property interest under the laws of Colorado, and if such contract
were not to be assumed in a bankruptcy proceeding involving MV Partners, the trust would be treated as an unsecured creditor of MV Partners with respect to such net profits interest in the pending
bankruptcy proceeding. Although no assurance can be given, MV Partners does not believe that the conveyance of the net profits interest relating to the underlying properties located in Colorado should
be subject to rejection in a bankruptcy proceeding as an executory contract. </FONT></P>


<P><FONT SIZE=2><B>Competition and Markets  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The oil and natural gas industry is highly competitive. MV Partners competes with major oil and natural gas companies and independent oil and natural gas
companies for oil and natural gas, equipment, personnel and markets for the sale of oil and natural gas. Many of these competitors are financially stronger than MV Partners, but even financially
troubled competitors can affect the market because of their need to sell oil and natural gas at any price to attempt to maintain cashflow. The trust will be subject to the same competitive conditions
as MV Partners and other companies in the oil and natural gas industry. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil
and natural gas compete with other forms of energy available to customers, primarily based on price. These alternate forms of energy include electricity, coal and fuel oils. Changes
in the availability or price of oil, natural gas or other forms of energy, as well as business conditions, conservation, legislation, regulations and the ability to convert to alternate fuels and
other forms of energy may affect the demand for oil and natural gas. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
price fluctuations for oil, natural gas and natural gas liquids will directly impact trust distributions, estimates of reserves attributable to the trust's interests and estimated
and actual future net revenues to the trust. In view of the many uncertainties that affect the supply and demand for oil and natural gas, neither the trust nor MV Partners can make reliable
predictions of future oil and natural gas supply and demand, future product prices or the effect of future product prices on the trust. </FONT></P>

<P><FONT SIZE=2><B>Environmental Matters and Regulation  </B></FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The operations of the properties comprising the underlying properties are subject to stringent and complex federal,
state and local laws and regulations governing environmental protection </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>65</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=11,SEQ=69,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=488311,FOLIO='65',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_66"> </A>

<P><FONT SIZE=2>as
well as the discharge of materials into the environment. These laws and regulations may, among other things: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>restrict
the types, quantities and concentration of various substances that can be released into the environment in connection with oil and natural gas drilling and
production activities;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>limit
or prohibit drilling activities on certain lands lying within wilderness, wetlands and other protected areas; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>require
remedial measures to mitigate pollution from former and ongoing operations, such as requirements to close pits and plug abandoned wells. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
laws, rules and regulations may also restrict the rate of oil and natural gas production below the rate that would otherwise be possible. The regulatory burden on the oil and
natural gas industry increases the cost of doing business in the industry and consequently affects profitability. Additionally, Congress and federal and state agencies frequently revise environmental
laws and regulations, and any changes that result in more stringent and costly waste handling, disposal and cleanup requirements for the oil and natural gas industry could have a significant impact on
the operating costs of the properties comprising the underlying properties. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following is a summary of the existing laws, rules and regulations to which the operations of the properties comprising the underlying properties are subject that are material to the
operation of the underlying properties. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waste Handling.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Resource Conservation and Recovery Act, or RCRA, and comparable state statutes, regulate the generation,
transportation, treatment, storage, disposal and cleanup of hazardous and non-hazardous wastes. Under the auspices of the federal Environmental Protection Agency, or EPA, the individual
states administer some or all of the provisions of RCRA, sometimes in conjunction with their own, more stringent requirements. Drilling fluids, produced waters and most of the other wastes associated
with the exploration, development and production of crude oil or natural gas are currently regulated under RCRA's non-hazardous waste provisions. However, it is possible that certain oil
and natural gas exploration and production wastes now classified as non-hazardous could be classified as hazardous wastes in the future. Any such change could result in an increase in the
costs to manage and dispose of wastes, which could have a material adverse effect on the cash distributions to the trust unitholders. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comprehensive Environmental Response, Compensation and Liability Act.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Comprehensive Environmental Response, Compensation
and Liability Act, or CERCLA, also known as the Superfund law, imposes joint and several liability, without regard to fault or legality of conduct, on classes of persons who are considered to be
responsible for the release of a hazardous substance into the environment. These persons include the owner or operator of the site where the release occurred, and anyone who disposed or arranged for
the disposal of a hazardous substance released at the site. Under CERCLA, such persons may be subject to joint and several liability for the costs of cleaning up the hazardous substances that have
been released into the environment, for damages to natural resources and for the costs of certain health studies. In addition, it is not uncommon for neighboring landowners and other third-parties to
file claims for personal injury and property damage allegedly caused by the hazardous substances released into the environment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
properties comprising the underlying properties may have been used for oil and natural gas exploration and production for many years. Although MV Partners believes that it has
utilized operating and waste disposal practices that were standard in the industry at the time, hazardous substances, wastes or hydrocarbons may have been released on or under the properties, or on or
under other locations, including off-site locations, where such substances have been taken for disposal. In addition, the properties comprising the underlying properties may have been
operated by third parties or by previous owners or operators whose treatment and disposal of hazardous substances, wastes or hydrocarbons was not under MV Partners' control. These properties and the
substances disposed or </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>66</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=12,SEQ=70,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=570422,FOLIO='66',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<A NAME="page_cq1190_1_67"> </A>
<BR>

<P><FONT SIZE=2>released
on them may be subject to CERCLA, RCRA and analogous state laws. Under such laws, MV Partners could be required to remove previously disposed substances and wastes, remediate contaminated
property, or perform remedial plugging or pit closure operations to prevent future contamination. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Water Discharges.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Federal Water Pollution Control Act, or the Clean Water Act, and analogous state laws, impose
restrictions and strict controls with respect to the discharge of pollutants, including spills and leaks of oil and other substances, into waters of the United States. The discharge of pollutants into
regulated waters is prohibited, except in accordance with the terms of a permit issued by EPA or an analogous state agency. Federal and state regulatory agencies can impose administrative, civil and
criminal penalties for non-compliance with discharge permits or other requirements of the Clean Water Act and analogous state laws and regulations. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Emissions.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Federal Clean Air Act, and comparable state laws, regulate emissions of various air pollutants through air
emissions permitting programs and the imposition of other requirements. In addition, EPA has developed, and continues to develop, stringent regulations governing emissions of toxic air pollutants at
specified sources. Federal and state regulatory agencies can impose administrative, civil and criminal penalties for non-compliance with air permits or other requirements of the federal
Clean Air Act and associated state laws and regulations. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OSHA and Other Laws and Regulation.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;MV Partners is subject to the requirements of the federal Occupational Safety and Health
Act (OSHA) and comparable state statutes. The OSHA hazard communication standard, the EPA community right-to-know regulations under the Title III of CERCLA and similar state
statutes require that MV Partners organize and/or disclose information about hazardous materials used or produced in its operations. MV Partners believes that it is in substantial compliance with
these applicable requirements and with other OSHA and comparable requirements. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Kyoto Protocol to the United Nations Framework Convention on Climate Change became effective in February&nbsp;2005. Under the Protocol, participating nations are required to
implement programs to reduce emissions of certain gases, generally referred to as greenhouse gases, that are suspected of contributing to global warming. The United States is not currently a
participant in the Protocol, and
Congress has not actively considered recent proposed legislation directed at reducing greenhouse gas emissions. However, there has been support in various regions of the country for legislation that
requires reductions in greenhouse gas emissions, and some states have already adopted legislation addressing greenhouse gas emissions from various sources, primarily power plants. The oil and natural
gas industry is a direct source of certain greenhouse gas emissions, namely carbon dioxide and methane, and future restrictions on such emissions could impact the future operations of the properties
comprising the underlying properties. The operations of the properties comprising the underlying properties are not adversely impacted by the current state and local climate change initiatives and, at
this time, it is not possible to accurately estimate how potential future laws or regulations addressing greenhouse gas emissions would impact the operations of the properties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners believes that it is in substantial compliance with all existing environmental laws and regulations applicable to the current operations of the properties comprising the
underlying properties and that its continued compliance with existing requirements will not have a material adverse effect on the cash distributions to the trust unitholders. For instance, MV Partners
did not incur any material capital expenditures for remediation or pollution control activities for the year ended December&nbsp;31, 2005. Additionally, as of the date of this prospectus, it is not
aware of any environmental issues or claims that will require material capital expenditures during 2006. However, there is no assurance that the passage of more stringent laws or regulations in the
future will not have an negative impact on the operations of the properties comprising the underlying properties and the cash distributions to the trust unitholders. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>67</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=13,SEQ=71,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=639599,FOLIO='67',FILE='DISK131:[06HOU0.06HOU1190]CQ1190A.;68',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_cu1190_1_68"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cu1190_computation_of_net_proceeds"> </A>
<A NAME="toc_cu1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>COMPUTATION OF NET PROCEEDS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The provisions of the conveyance governing the computation of the net proceeds are detailed and extensive. The following information summarizes the material
information contained in the conveyance related to the computation of the net proceeds. This summary may not contain all information that is important to you. For more detailed provisions concerning
the net profits interest, you should read the conveyance. A copy of the conveyance has been filed as an exhibit to the registration statement. See "Where You Can Find More Information." </FONT></P>

<P><FONT SIZE=2><B>Net Profits Interest  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The term net profits interest will be conveyed to the trust by MV Partners by means of a conveyance instrument that will be recorded in the appropriate real
property records in each county in Kansas and Colorado where the oil and natural gas properties to which the underlying properties relate are located. The net profits interest will burden the existing
net interests owned by MV Partners in the properties comprising the underlying properties. MV Partners has an average working interest of approximately 94% and an average net revenue interest of
approximately 81% in the properties comprising the underlying properties.

 </FONT>

</P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
conveyance creating the net profits interest provides that the trust will be entitled to receive an amount of cash for each quarter equal to 80% of the net proceeds (calculated as
described below) from the sale of oil, natural gas and natural gas liquid production attributable to the underlying properties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
amounts paid to the trust for the net profits interest are based on the definitions of "gross proceeds" and "net proceeds" contained in the conveyance and described below. Under the
conveyance, net proceeds are computed quarterly, and 80% of the aggregate net proceeds attributable to a computation period will be paid to the trust on or before the 25<SUP>th</SUP> day of the
month following the computation period. MV Partners will not pay to the trust any interest on the net proceeds held by MV Partners prior to payment to the trust. The trustee will make distributions to
trust unitholders quarterly. See "Description of the Trust Units&#151;Distributions and Income Computations." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Gross
proceeds" means: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
aggregate amount received by MV Partners from sales of oil, natural gas and natural gas liquids produced from the underlying properties, </FONT> <FONT SIZE=2><I>less</I></FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
aggregate amounts paid by MV Partners upon settlement of the hedge contracts on a quarterly basis, as specified in the hedge contracts. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross
proceeds does not include consideration for the transfer or sale of any underlying property by MV Partners or any subsequent owner to any new owner unless the net profits interest
is released (as is permitted in certain circumstances). Gross proceeds also does not include any amount for oil, natural gas or natural gas liquids lost in production or marketing or used by the owner
of the underlying properties in drilling, production and plant operations. Gross proceeds includes payments for future production if they are not subject to repayment in the event of insufficient
subsequent production. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Net
proceeds" means gross proceeds less the following: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>all
payments to mineral or landowners, such as royalties or other burdens against production, delay rentals, shut-in oil and natural gas payments, minimum
royalty or other payments for drilling or deferring drilling; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>68</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=72,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=919107,FOLIO='68',FILE='DISK131:[06HOU0.06HOU1190]CU1190A.;27',USER='KBLACKW',CD=';8-NOV-2006;12:45' -->
<A NAME="page_cu1190_1_69"> </A>
<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>any
taxes paid by the owner of an underlying property to the extent not deducted in calculating gross proceeds, including estimated and accrued general property (ad
valorem), production, severance, sales, gathering, excise and other taxes;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>any
extraordinary taxes or windfall profits taxes that may be assessed in the future that are based on profits realized or prices received for production from the underlying
properties;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>costs
paid by an owner of a property comprising the underlying properties under any joint operating agreement;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>all
other costs and expenses, capital costs and liabilities of exploring for, drilling, recompleting, workovers, operating and producing oil, natural gas and natural gas
liquids, including allocated expenses such as labor, vehicle and travel costs and materials and any plugging and abandonment liabilities (net of any capital costs for which a reserve had already been
made to the extent such capital costs are incurred during the computation period);
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>costs
or charges associated with gathering, treating and processing oil, natural gas and natural gas liquids;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>any
overhead charge incurred pursuant to any operating agreement relating to an underlying property, including the overhead fee payable by MV Partners to Vess Oil and Murfin
Drilling as described below;

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>costs
paid to counterparties under the hedge contracts or to the persons that provide credit to maintain any hedge contracts, excluding any hedge settlement amounts;

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>amounts
previously included in gross proceeds but subsequently paid as a refund, interest or penalty;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>costs
and expenses for renewals or extensions of leases; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>at
the option of MV Partners (or any subsequent owner of the underlying properties), amounts reserved for approved capital expenditure projects, including well drilling,
recompletion and workover costs, which amounts will at no time exceed $1.0&nbsp;million in the aggregate, and will be subject to the limitations described below. </FONT></DD></DL>
</UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
each twelve-month period beginning on the later to occur of (1)&nbsp;June&nbsp;30, 2023 and (2)&nbsp;the time when 13.2 MMBoe have been produced from the underlying
properties and sold (which is the equivalent of 10.6 MMBoe in respect of the net profits interest) (in either case, the "Capital Expenditure Limitation Date"), the sum of the capital expenditures and
amounts reserved for approved capital expenditure projects for such twelve-month period may not exceed the Average Annual Capital Expenditure Amount. The "Average Annual Capital Expenditure Amount"
means the quotient of (x)&nbsp;the sum of the capital expenditures and amounts reserved for approved capital expenditure projects with respect to the three twelve-month periods ending on the Capital
Expenditure Limitation Date, divided by (y)&nbsp;three. Commencing on the Capital Expenditure Limitation Date, and each anniversary of the Capital Expenditure Limitation Date thereafter, the Average
Annual Capital Expenditure Amount will be increased by 2.5% to account for expected increased costs due to inflation. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
is customary in the oil and natural gas industry, MV Partners pays an overhead fee to Vess Oil and Murfin Drilling to operate the underlying properties on behalf of MV Partners. The
operating activities include various engineering, accounting and administrative functions. The fee is based on a monthly charge per active operated well, which totaled $2.1&nbsp;million in 2005 for
all of the properties comprising the underlying properties for which MV Partners was designated as the operator. The fee is adjusted annually and will increase or decrease each year based on changes
in the year-end index of average weekly earnings of crude petroleum and natural gas workers. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>69</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=73,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=907898,FOLIO='69',FILE='DISK131:[06HOU0.06HOU1190]CU1190A.;27',USER='KBLACKW',CD=';8-NOV-2006;12:45' -->
<A NAME="page_cu1190_1_70"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event that the net proceeds for any computation period is a negative amount, the trust will receive no payment for that period, and any such negative amount plus accrued interest
will be deducted from gross proceeds in the following computation period for purposes of determining the net proceeds for that following computation period. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross
proceeds and net proceeds are calculated on a cash basis, except that certain costs, primarily ad valorem taxes and expenditures of a material amount, may be determined on an
accrual basis. </FONT></P>

<P><FONT SIZE=2><B>Hedge Contracts  </B></FONT></P>

<P>

<FONT SIZE=2>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners has entered into certain hedge contracts and derivative arrangements related to the oil production from the underlying properties for the years 2006
through 2010. For the years 2006, 2007 and 2008, MV Partners has entered into swap contracts and costless collars at prices ranging from $56 to $68 per barrel of oil that hedge approximately 82% to
86% of expected production from the underlying properties that are classified as proved developed producing in the reserve report. For the years 2009 and 2010, MV Partners has entered into swap
contracts at prices ranging from $63 to $71 per barrel of oil that hedge approximately 80% of expected production from the underlying properties






that are classified as proved developed producing in the reserve report. MV&nbsp;Partners has assigned to the trust the right to receive 80% of all payments payable to MV&nbsp;Partners from hedge
contract counterparties upon monthly settlements of the hedge contracts. From June&nbsp;30, 2006 through December&nbsp;31, 2010, MV Partners' crude oil price risk management positions in swap
contracts and collar arrangements are as follows:

 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=4 ALIGN="CENTER"><FONT SIZE=1><B>Fixed Price Swaps</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=7 ALIGN="CENTER"><FONT SIZE=1><B>Collars</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Weighted&nbsp;Average&nbsp;Price<BR>
(Per Bbl)</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ROWSPAN=2 ALIGN="LEFT"><FONT SIZE=1><B>Year Ended December 31,<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Volumes<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Weighted<BR>
Average&nbsp;Price<BR>
(Per Bbl)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Volumes<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Floor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Ceiling</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>2006</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>419,321</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.01</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>687,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>62.52</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>120,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>779,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.79</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>678,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>637,800</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Additional Provisions  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a controversy arises as to the sales price of any production, then for purposes of determining gross proceeds: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>amounts
withheld or placed in escrow by a purchaser are not considered to be received by the owner of the underlying property until actually collected;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>amounts
received by the owner of the underlying property and promptly deposited with a nonaffiliated escrow agent will not be considered to have been received until
disbursed to it by the escrow agent; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>amounts
received by the owner of the underlying property and not deposited with an escrow agent will be considered to have been received. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trustee is not obligated to return any cash received from the net profits interest. Any overpayments made to the trust by MV Partners due to adjustments to prior calculations of net
proceeds or otherwise will reduce future amounts payable to the trust until MV Partners recovers the overpayments plus interest at the prime rate. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
conveyance generally permits MV Partners to transfer without the consent or approval of the trust unitholders all or any part of its interest in the underlying properties, subject to
the net profits </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>70</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=74,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=256688,FOLIO='70',FILE='DISK131:[06HOU0.06HOU1190]CU1190A.;27',USER='KBLACKW',CD=';8-NOV-2006;12:45' -->
<A NAME="page_cu1190_1_71"> </A>
<BR>

<P><FONT SIZE=2>interest.
The trust unitholders are not entitled to any proceeds of a sale or transfer of MV Partners' interest unless the trust is required to sell the net profits interest as to such interest.
Following a sale or transfer, the underlying properties will continue to be subject to the net profits interest, and the net proceeds attributable to the transferred property will be calculated as
part of the computation of net proceeds described in this prospectus. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
the designated operator of a property comprising the underlying properties, MV Partners may enter into farm-out, operating, participation and other similar agreements to develop the
property. MV Partners may enter into any of these agreements without the consent or approval of the trustee or any trust unitholder. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners and any transferee of an underlying property will have the right to abandon any well or property if it reasonably believes the well or property ceases to produce or is not
capable of producing in commercially paying quantities. In making such decisions, MV Partners or any transferee of an underlying property is required under the applicable conveyance to act as a
reasonably prudent operator in the State of Kansas under the same or similar circumstances would act if it were acting with respect to its own properties, disregarding the existence of the net profits
interest as a burden on such property. Upon termination of the lease, the portion of the net profits interest relating to the abandoned property will be extinguished.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners must maintain books and records sufficient to determine the amounts payable for the net profits interest to the trust. Quarterly and annually, MV Partners must deliver to the
trustee a statement of the computation of the net proceeds for each computation period. The trustee has the right to inspect and copy the books and records maintained by MV Partners during normal
business hours and upon reasonable notice. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>71</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=75,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=157368,FOLIO='71',FILE='DISK131:[06HOU0.06HOU1190]CU1190A.;27',USER='KBLACKW',CD=';8-NOV-2006;12:45' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_da1190_1_72"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="da1190_description_of_the_trust_agreement"> </A>
<A NAME="toc_da1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>DESCRIPTION OF THE TRUST AGREEMENT    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following information and the information included under "Description of the Trust Units" summarize the material information contained in the trust agreement
and the conveyance. For more detailed provisions concerning the trust and the conveyance, you should read the trust agreement and the conveyance. Copies of the trust agreement and the conveyance have
been filed as exhibits to the registration statement. See "Where You Can Find More Information." </FONT></P>

<P><FONT SIZE=2><B>Creation and Organization of the Trust; Amendments  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately prior to the closing of this offering, MV Partners will contribute to the trust the term net profits interest in consideration of receipt of
11,500,000 trust units. In addition, in connection with the trust's first quarterly distribution, MV Partners will contribute cash in an amount equal to the amount that would have been payable to the
trust as of the closing of this offering had the net profits interest been in effect with respect to all production from the underlying properties since July&nbsp;1, 2006. The cash contribution will
also include 80% of all amounts paid to MV Partners from hedge contract counterparties for settlements related to the period from July&nbsp;1, 2006 to the closing of this offering. After the
offering made hereby, MV Partners will own its net interests in the underlying properties subject to and burdened by the net profits interest. The trust will be entitled to receive 80% of the net
proceeds from the sale of oil, natural gas and natural gas liquid volumes produced from the underlying properties calculated in accordance with the terms of the conveyance. In addition, the trust will
be entitled to receive 80% of all amounts payable to MV Partners from hedge contract counterparties upon monthly settlements of the hedge contracts.

 </FONT>

</P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trust was created under Delaware law to acquire and hold the net profits interest for the benefit of the trust unitholders pursuant to an agreement between MV Partners, the trustee
and the Delaware trustee. The net profits interest is passive in nature and neither the trust nor the trustee has any control over or responsibility for costs relating to the operation of the
properties comprising the underlying properties. Neither MV Partners nor other operators of the properties comprising the underlying properties have any contractual commitments to the trust to provide
additional funding or to conduct further drilling on or to maintain their ownership interest in any of these properties. After the conveyance of the net profits interest, however, MV Partners will
retain an interest in each of the underlying properties. For a description of the underlying properties and other information relating to them, see "The Underlying Properties." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trust agreement will provide that the trust's business activities will be limited to owning the net profits interest and any activity reasonably related to such ownership, including
activities required or permitted by the terms of the conveyance related to the net profits interest. As a result, the trust will not be permitted to acquire other oil and natural gas properties or net
profits interests. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
beneficial interest in the trust is divided into 11,500,000 trust units. Each of the trust units represents an equal undivided beneficial interest in the assets of the trust. You
will find additional information concerning the trust units in "Description of the Trust Units." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment
of the trust agreement requires a vote of holders of a majority of the outstanding trust units. However, no amendment may: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>increase
the power of the trustee or the Delaware trustee to engage in business or investment activities; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>alter
the rights of the trust unitholders as among themselves. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain
amendments to the trust agreement do not require the vote of the trust unitholders. The trustee may, without approval of the trust unitholders, from time to time supplement or
amend the trust agreement in order to cure any ambiguity, to correct or supplement any defective or inconsistent </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>72</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=76,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=451905,FOLIO='72',FILE='DISK131:[06HOU0.06HOU1190]DA1190A.;26',USER='KBLACKW',CD=';8-NOV-2006;12:49' -->
<A NAME="page_da1190_1_73"> </A>
<BR>

<P><FONT SIZE=2>provisions,
to grant any benefit to all of the trust unitholders or to change the name of the trust, provided such supplement or amendment is not adverse to the interest of the trust unitholders. The
business and affairs of the trust will be managed by the trustee. MV Partners has no ability to manage or influence the operations of the trust. </FONT></P>

<P><FONT SIZE=2><B>Assets of the Trust  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon completion of this offering, the assets of the trust will consist of the net profits interest, the right to receive 80% of any payments under the hedge
contracts and any cash and temporary investments being held for the payment of expenses and liabilities and for distribution to the trust unitholders. </FONT></P>


<P><FONT SIZE=2><B>Duties and Powers of the Trustee  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The duties of the trustee are specified in the trust agreement and by the laws of the State of Delaware, except as modified by the trust agreement. The trustee's
principal duties consist of: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>collecting
cash attributable to the net profits interest and received upon settlement of the hedge contracts;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>paying
expenses, charges and obligations of the trust from the trust's assets;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>distributing
distributable cash to the trust unitholders;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>causing
to be prepared and distributed a tax information report for each trust unitholder and to prepare and file tax returns on behalf of the trust;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>causing
to be prepared and filed reports required to be filed under the Securities Exchange Act of 1934 and by the rules of any securities exchange or quotation system on
which the trust units are listed or admitted to trading;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>establishing,
evaluating and maintaining a system of internal controls over financial reporting in compliance with the requirements of Section&nbsp;404 of the
Sarbanes-Oxley Act of 2002;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>enforcing
the rights under certain agreements entered into in connection with this offering; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>taking
any action it deems necessary and advisable to best achieve the purposes of the trust. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the formation of the trust, the trustee entered into several agreements with MV Partners that impose obligations upon MV Partners that are enforceable by the trustee
on behalf of the trust. For example, when making decisions with respect to the development, operation, abandonment or sale of the underlying properties, MV Partners is obligated under the terms of the
conveyance of the net profits interest to act as a reasonably prudent operator in the State of Kansas under the same or similar circumstances would act if it were acting with respect to its own
properties, disregarding the existence of the net profits interest. In addition, the trust has entered into an administrative services agreement with MV Partners pursuant to which MV Partners has
agreed to perform specified administrative services on behalf of the trust in a good and workmanlike manner in accordance with the sound and prudent practices of providers of similar services. The
trustee has the power and authority under the trust agreement to enforce these agreements on behalf of the trust.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a trust liability is contingent or uncertain in amount or not yet currently due and payable, the trustee may create a cash reserve to pay for the liability. If the trustee determines
that the cash on hand and the cash to be received are insufficient to cover the trust's liability, the trustee may borrow funds required to pay the liabilities. The trustee may borrow the funds from
any person, including itself or its affiliates. The trustee may also mortgage the assets of the trust to secure payment of the indebtedness. The terms of such indebtedness and security interest, if
funds were loaned by the entity serving as trustee or Delaware trustee or an affiliate thereof, would be similar to the terms which such </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>73</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=77,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=717636,FOLIO='73',FILE='DISK131:[06HOU0.06HOU1190]DA1190A.;26',USER='KBLACKW',CD=';8-NOV-2006;12:49' -->
<A NAME="page_da1190_1_74"> </A>
<BR>

<P><FONT SIZE=2>entity
would grant to a similarly situated commercial customer with whom it did not have a fiduciary relationship, and such entity shall be entitled to enforce its rights with respect to any such
indebtedness and security interest as if it were not then serving as trustee or Delaware trustee. If the trustee borrows funds, the trust unitholders will not receive distributions until the borrowed
funds are repaid. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
quarter, the trustee will pay trust obligations and expenses and distribute to the trust unitholders the remaining proceeds received from the net profits interest. The cash held by
the trustee as a reserve against future liabilities or for distribution at the next distribution date must be invested in: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>interest
bearing obligations of the United States government;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>money
market funds that invest only in United States government securities;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>repurchase
agreements secured by interest-bearing obligations of the United States government; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>bank
certificates of deposit. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trust may not acquire any asset except the net profits interest, cash and temporary cash investments, and it may not engage in any investment activity except investing cash on hand. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trust may merge or consolidate with or into one or more limited partnerships, general partnerships, corporations, business trusts, limited liability companies, or associations or
unincorporated businesses if such transaction is agreed to by the trustee and by the affirmative vote of the holders of a majority of the outstanding trust units and such transaction is permitted
under the Delaware Statutory Trust Act and any other applicable law. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners may request that the trustee sell certain of its net profits interest under any of the following circumstances: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
sale does not involve a material part of the trust's assets and is in the best interests of the trust unitholders; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
sale constitutes a material part of the trust's assets and is in the best interests of the trust unitholders, subject to the holders representing a majority of the
outstanding trust units approving the sale. </FONT></DD></DL>
</UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
dissolution of the trust, the trustee must sell the net profits interest. No trust unitholder approval is required in this event. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trustee will distribute the net proceeds from any sale of the net profits interest and other assets to the trust unitholders. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trustee may require any trust unitholder to dispose of his trust units if an administrative or judicial proceeding seeks to cancel or forfeit any of the property in which the trust
holds an interest because of the nationality or any other status of that trust unitholder. If a trust unitholder fails to dispose of his trust units, the trustee has the right to purchase them and to
borrow funds to make that purchase. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trustee is not expected to maintain a website for filings made by the trust with the SEC. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trustee may agree to modifications of the terms of the conveyance or to settle disputes involving the conveyance. The trustee may not agree to modifications or settle disputes
involving the net profits interest part of the conveyance if these actions would change the character of the net profits interest in such a way that the net profits interest becomes a working interest
or that the trust becomes an operating business. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>74</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=78,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=435303,FOLIO='74',FILE='DISK131:[06HOU0.06HOU1190]DA1190A.;26',USER='KBLACKW',CD=';8-NOV-2006;12:49' -->
<A NAME="page_da1190_1_75"> </A>
<BR>

<P><FONT SIZE=2><B>Liabilities of the Trust  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because the trust does not conduct an active business and the trustee has little power to incur obligations, it is expected that the trust will only incur
liabilities for routine administrative expenses, such as the trustee's fees and accounting, engineering, legal, tax advisory and other professional fees. </FONT></P>

<P><FONT SIZE=2><B>Fees and Expenses  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust will be responsible for paying all legal, accounting, tax advisory, engineering and stock exchange fees, printing costs and other administrative and
out-of-pocket expenses incurred by or at the direction of the trustee or the Delaware trustee. These trust
administrative expenses are anticipated to aggregate approximately $600,000 per year, although such costs could be greater or less depending on future events that cannot be predicted. Included in the
$600,000 annual estimate is an annual administrative fee of $150,000 for the trustee and an annual administrative fee of $2,500 for the Delaware trustee. In addition, the trust will pay an annual
administrative fee to MV Partners, which fee will total $60,000 in 2006 and will increase by 4% each year beginning in January&nbsp;2007. See "The Trust&#151;Administrative Services
Agreement." The trust will also pay, out of the first cash payment received by the trust, the trustee's and Delaware trustee's legal expenses incurred in forming the trust as well as the Delaware
trustee's acceptance fee in the amount of $2,500. These costs will be deducted by the trust before distributions are made to trust unitholders. </FONT></P>

<P><FONT SIZE=2><B>Fiduciary Responsibility and Liability of the Trustee  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trustee will not make business decisions affecting the assets of the trust except to the extent it enforces its rights under the conveyance agreement related
to the net profits interest and the administrative services agreement described above under "&#151;Duties and Powers of the Trustee" that will be executed in connection with this offering.
Therefore, substantially all of the trustee's functions under the trust agreement are expected to be ministerial in nature. See "&#151;Duties and Limited Powers of the Trustee," above. The
trust agreement, however, provides that the trustee may:

 </FONT>

</P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>charge
for its services as trustee;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>retain
funds to pay for future expenses and deposit them with one or more banks or financial institutions (which may include the trustee to the extent permitted by law);
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>lend
funds at commercial rates to the trust to pay the trust's expenses; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>seek
reimbursement from the trust for its out-of-pocket expenses. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
discharging its duty to trust unitholders, the trustee may act in its discretion and will be liable to the trust unitholders only for its own fraud, gross negligence or acts or
omissions constituting bad faith. The trustee will not be liable for any act or omission of its agents or employees unless the trustee acted
in bad faith or with gross negligence in their selection and retention. The trustee will be indemnified individually or as the trustee for any liability or cost that it incurs in the administration of
the trust, except in cases of fraud, gross negligence or bad faith. The trustee will have a lien on the assets of the trust as security for this indemnification and its compensation earned as trustee.
Trust unitholders will not be liable to the trustee for any indemnification. See "Description of the Trust Units&#151;Liability of Trust Unitholders." The trustee must ensure that all
contractual liabilities of the trust are limited to the assets of the trust and the trustee will be liable for its failure to do so. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trustee may consult with counsel, accountants, tax advisors, geologists, engineers and other parties the trustee believes to be qualified as experts on the matters for which advice
is sought. The trustee will be protected for any action it takes in good faith reliance upon the opinion of the expert. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as expressly set forth in the trust agreement, neither the trustee, the Delaware trustee nor the other indemnified parties have any duties or liabilities, including fiduciary
duties, to the trust or any </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>75</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=79,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=533210,FOLIO='75',FILE='DISK131:[06HOU0.06HOU1190]DA1190A.;26',USER='KBLACKW',CD=';8-NOV-2006;12:49' -->
<A NAME="page_da1190_1_76"> </A>
<BR>

<P><FONT SIZE=2>trust
unitholder. The provisions of the trust agreement, to the extent they restrict, eliminate or otherwise modify the duties and liabilities, including fiduciary duties of these persons otherwise
existing at law or in equity, are agreed by the trust unitholders to replace such other duties and liabilities of these persons. </FONT></P>

<P><FONT SIZE=2><B>Duration of the Trust; Sale of the Net Profits Interest  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust will remain in existence until the later to occur of (1)&nbsp;June&nbsp;30, 2026, or (2)&nbsp;the time when 14.4&nbsp;MMBoe have been produced
from the underlying properties and sold (which amount is the equivalent of 11.5&nbsp;MMBoe in respect of the trust's right to receive 80% of the net proceeds from the underlying properties pursuant
to the net profits interest). The trust will dissolve prior to its termination if: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
trust sells the net profits interest;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>annual
gross proceeds attributable to the net profits interest are less than $1&nbsp;million for each of two consecutive years;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
holders of a majority of the outstanding trust units vote in favor of dissolution; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>judicial
dissolution of the trust. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trustee would then sell all of the trust's assets, either by private sale or public auction, and distribute the net proceeds of the sale to the trust unitholders. </FONT></P>

<P><FONT SIZE=2><B>Dispute Resolution  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any dispute, controversy or claim that may arise between MV Partners and the trustee relating to the trust will be submitted to binding arbitration before a
tribunal of three arbitrators. </FONT></P>

<P><FONT SIZE=2><B>Compensation of the Trustee and the Delaware Trustee  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trustee's and the Delaware trustee's compensation will be paid out of the trust's assets. See "&#151;Fees and Expenses." </FONT></P>

<P><FONT SIZE=2><B>Miscellaneous  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The principal offices of the trustee are located at 221&nbsp;West Sixth Street, 1st&nbsp;Floor, Austin, Texas 78701, and its telephone number is
(800)&nbsp;852-1422. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Delaware trustee and the trustee may resign at any time or be removed with or without cause at any time by a vote of not less than a majority of the outstanding trust units. Any
successor must be a bank or trust company meeting certain requirements including having combined capital, surplus and undivided profits of at least $20,000,000, in the case of the Delaware trustee,
and $100,000,000, in the case of the trustee. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>76</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=80,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=14164,FOLIO='76',FILE='DISK131:[06HOU0.06HOU1190]DA1190A.;26',USER='KBLACKW',CD=';8-NOV-2006;12:49' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_dc1190_1_77"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dc1190_description_of_the_trust_units"> </A>
<A NAME="toc_dc1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>DESCRIPTION OF THE TRUST UNITS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each trust unit is a unit of the beneficial interest in the trust and is entitled to receive cash distributions from the trust on a pro rata basis. Each trust
unitholder has the same rights regarding each of his trust units as every other trust unitholder has regarding his units. The trust will have 11,500,000 trust units outstanding upon completion of this
offering. </FONT></P>

<P><FONT SIZE=2><B>Distributions and Income Computations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each quarter, the trustee will determine the amount of funds available for distribution to the trust unitholders. Available funds are the excess cash, if any,
received by the trust from the net profits interest, payments from the hedge contracts and other sources (such as interest earned on any amounts reserved by the trustee) that quarter, over the trust's
liabilities for that quarter. Available funds will be reduced by any cash the trustee decides to hold as a reserve against future liabilities. It is expected that quarterly cash distributions during
the term of the trust will be made by the trustee on or before the 25<SUP>th</SUP> day of the month following the end of each quarter to the trust unitholders of record on the 15<SUP>th</SUP>
day of the month following the end of each quarter (or the next succeeding business day). The first distribution to trust unitholders purchasing trust units in this offering will be made on or about
January&nbsp;25, 2007 to trust unitholders owning trust units on January&nbsp;15, 2007. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
otherwise advised by counsel or the IRS, the trustee will treat the income and expenses of the trust for each quarter as belonging to the trust unitholders of record on the
quarterly record date. Trust unitholders will recognize income and expenses for tax purposes in the quarter the trust receives or pays those amounts, rather than in the quarter the trust distributes
them. Minor variances may occur. For example, the trustee could establish a reserve in one quarter that would not result in a tax deduction until a later quarter. The trustee could also make a payment
in one quarter that would be amortized for tax purposes over several quarters. See "Federal Income Tax Consequences." </FONT></P>


<P><FONT SIZE=2><B>Periodic Reports  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trustee will file all required trust federal and state income tax and information returns. The trustee will prepare and mail to trust unitholders annual
reports that trust unitholders need to correctly report their share of the income and deductions of the trust. The trustee will also cause to be prepared and filed reports required to be filed under
the Securities Exchange Act of 1934, as amended, and by the rules of any securities exchange or quotation system on which the trust units are listed or admitted to trading, and will also cause the
trust to comply with all of the provisions of the Sarbanes-Oxley Act, including but not limited to, establishing, evaluating and maintaining a system of internal controls over financial reporting in
compliance with the requirements of Section&nbsp;404 thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
trust unitholder and his representatives may examine, for any proper purpose, during reasonable business hours, the records of the trust and the trustee. </FONT></P>

<P><FONT SIZE=2><B>Liability of Trust Unitholders  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the Delaware Statutory Trust Act, trust unitholders will be entitled to the same limitation of personal liability extended to stockholders of private
corporations for profit under the General Corporation Law of the State of Delaware. No assurance can be given, however, that the courts in jurisdictions outside of Delaware will give effect to such
limitation. </FONT></P>

<P><FONT SIZE=2><B>Voting Rights of Trust Unitholders  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trustee or trust unitholders owning at least 10% of the outstanding trust units may call meetings of trust unitholders. The trust will be responsible for all
costs associated with calling a meeting of trust unitholders unless such meeting is called by the trust unitholders, in which case the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>77</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=81,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=354104,FOLIO='77',FILE='DISK131:[06HOU0.06HOU1190]DC1190A.;35',USER='KBLACKW',CD=';8-NOV-2006;12:31' -->
<A NAME="page_dc1190_1_78"> </A>
<BR>

<P><FONT SIZE=2>trust
unitholders will be responsible for all costs associated with calling such meeting of trust unitholders. Meetings must be held in such location as is designated by the trustee in the notice of
such meeting. The trustee must send written notice of the time and place of the meeting and the matters to be acted upon to all of the trust unitholders at least 20&nbsp;days and not more than
60&nbsp;days before the meeting. Trust unitholders representing a majority of trust units outstanding must be present or represented to have a quorum. Each trust unitholder is entitled to one vote
for each trust unit owned. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
otherwise required by the trust agreement, a matter may be approved or disapproved by the vote of a majority of the trust units held by the trust unitholders at a meeting where
there is a quorum. This is true, even if a majority of the total trust units did not approve it. The affirmative vote of the holders of a majority of the outstanding trust units is required to: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>dissolve
the trust;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>remove
the trustee or the Delaware trustee;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>amend
the trust agreement (except with respect to certain matters that do not adversely affect the rights of trust unitholders in any material respect);
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>merge
or consolidate the trust with or into another entity; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>approve
the sale of all or any material part of the assets of the trust. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, certain amendments to the trust agreement may be made by the trustee without approval of the trust unitholders. See "Description of the Trust Agreement&#151;Creation
and Organization of the Trust; Amendments." The trustee must consent before all or any part of the trust assets can be sold except in connection with the dissolution of the trust or limited sales
directed by MV Partners in conjunction with its sale of underlying properties. </FONT></P>


<P><FONT SIZE=2><B>Comparison of Trust Units and Common Stock  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trust unitholders have more limited voting rights than those of stockholders of most public corporations. For example, there is no requirement for annual meetings
of trust unitholders or for annual or other periodic re-election of the trustee. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>78</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=82,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=147801,FOLIO='78',FILE='DISK131:[06HOU0.06HOU1190]DC1190A.;35',USER='KBLACKW',CD=';8-NOV-2006;12:31' -->
<A NAME="page_dc1190_1_79"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You
should also be aware of the following ways in which an investment in trust units is different from an investment in common stock of a corporation. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="37%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="29%" ALIGN="CENTER"><FONT SIZE=1><B>Trust Units</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="29%" ALIGN="CENTER"><FONT SIZE=1><B>Common Stock</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2><I>Voting</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2>The trust agreement provides voting rights to trust unitholders to remove and replace the trustee and to approve or disapprove major trust transactions.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2>Corporate statutes provide voting rights to stockholders to elect directors and to approve or disapprove major corporate transactions.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="37%"><BR><FONT SIZE=2><I>Income Tax</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
The trust is not subject to income tax; trust unitholders are subject to income tax on their pro rata share of trust income, gain, loss and deduction.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
Corporations are taxed on their income and their stockholders are taxed on dividends.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="37%"><BR><FONT SIZE=2><I>Distributions</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
Substantially all trust revenue is required to be distributed to trust unitholders.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
Stockholders receive dividends at the discretion of the board of directors.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="37%"><BR><FONT SIZE=2><I>Business and Assets</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
The business of the trust is limited to specific assets with a finite economic life.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
A corporation conducts an active business for an unlimited term and can reinvest its earnings and raise additional capital to expand.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="37%"><BR><FONT SIZE=2><I>Fiduciary Duties</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
The trustee shall not be liable to the trust unitholders for any of its acts or omissions absent its own fraud, gross negligence or bad faith.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
Officers and directors have a fiduciary duty of loyalty to stockholders and a duty to use due care in management and administration of a corporation.</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>79</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=83,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=497348,FOLIO='79',FILE='DISK131:[06HOU0.06HOU1190]DC1190A.;35',USER='KBLACKW',CD=';8-NOV-2006;12:31' -->
<A NAME="page_dc1190_1_80"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dc1190_trust_units_eligible_for_future_sale"> </A>
<A NAME="toc_dc1190_2"> </A>
<BR></FONT><FONT SIZE=2><B>TRUST UNITS ELIGIBLE FOR FUTURE SALE    <BR>    </B></FONT></P>


<P><FONT SIZE=2><B>General  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to this offering, there has been no public market for the trust units of MV Oil Trust. Sales of substantial amounts of the trust units in the open market,
or the perception that those sales could occur, could adversely affect prevailing market prices. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
completion of this offering, there will be outstanding 11,500,000 trust units. All of the 7,500,000 trust units sold in this offering, or the 8,625,000 trust units if the
underwriters exercise their option to purchase additional trust units in full, will be freely tradable without restriction under the Securities Act. All of the trust units outstanding other than the
trust units sold in this offering (a total of 4,000,000 trust units, or 2,875,000 trust units if the underwriters exercise their option to purchase additional shares in full) will be "restricted
securities" within the meaning of Rule&nbsp;144 under the Securities Act and may not be sold other than through registration under the Securities Act or pursuant to an exemption from registration,
subject to the restrictions on transfer contained in the lock-up agreements described below and in "Underwriting." </FONT></P>

<P><FONT SIZE=2><B>Lock-up Agreements  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with this offering, MV Partners, its members and certain of their affiliates have agreed, for a period of 180&nbsp;days after the date of this
prospectus, not to offer, sell, contract to sell or otherwise dispose of or transfer any trust units or any securities convertible into or exchangeable for trust units without the prior written
consent of Raymond James&nbsp;&amp; Associates,&nbsp;Inc., subject to specified exceptions. See "Underwriting" for a description of these lock-up arrangements. Upon the expiration of these
lock-up agreements, 4,000,000 trust units, or 2,875,000 trust units if the underwriters exercise their option to purchase additional trust units in full, will be eligible for sale
in the public market under Rule&nbsp;144 of the Securities Act, subject to volume limitations and other restrictions contained in Rule&nbsp;144. </FONT></P>


<P><FONT SIZE=2><B>Rule&nbsp;144  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In general, under Rule&nbsp;144 as currently in effect, beginning 90&nbsp;days after the date of this prospectus, a person or persons whose trust units are
aggregated, who has beneficially owned restricted trust units for at least one year, including the holding period of any prior owner would be entitled to sell within any three-month period a number of
shares that does not exceed the greater of: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>1%
of the number of trust units then outstanding; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
average weekly reported trading volume of the trust units on the New York Stock Exchange during the four calendar weeks preceding the filing of a Form&nbsp;144 with
respect to the sale. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales
under Rule&nbsp;144 also are subject to manner of sale provisions and notice requirements and to the availability of current public information about MV Oil Trust. </FONT></P>

<P><FONT SIZE=2><B>Rule&nbsp;144(k)  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Rule&nbsp;144(k), a person who is not deemed to have been an affiliate of MV Oil Trust at any time during the three months preceding a sale and who has
beneficially owned the trust units proposed to be sold for at least two years, including the holding period of any prior owner (other than an affiliate of MV Oil Trust) is entitled to sell those
shares without complying with the manner of sale, public information, volume limitation or notice provisions of Rule&nbsp;144. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>80</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=84,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=531998,FOLIO='80',FILE='DISK131:[06HOU0.06HOU1190]DC1190A.;35',USER='KBLACKW',CD=';8-NOV-2006;12:31' -->
<A NAME="page_dc1190_1_81"> </A>
<BR>

<P><FONT SIZE=2><B>Registration Rights  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust intends to enter into a registration rights agreement with MV Partners in connection with MV Partners' contribution to the trust of the net profits
interest. In the registration rights agreement, the trust will agree, for the benefit of MV Partners and any transferee of the trust units (each, a "holder"), to register the trust units it holds.
Specifically, the trust will agree:


</FONT>

</P>

<UL>
<DL compact>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>subject
to the restrictions described above under "&#151;Lock-up Agreements" and under "Underwriting&#151;Lock-up Agreements," to use
its reasonable best efforts to file&nbsp;a registration statement, including, if so requested, a shelf registration statement, with the SEC as promptly as practicable following receipt of a notice
requesting the filing of a registration statement from holders representing a majority of the then outstanding registrable trust units;



<BR><BR></FONT></DD>



<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>to
use its reasonable best efforts to cause the registration statement or shelf registration statement to be declared effective under the Securities Act as promptly as
practicable after the filing thereof; and


<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'>

<FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>to
continuously maintain the effectiveness of the registration statement under the Securities Act for 90&nbsp;days (or for three years if a shelf registration statement is
requested) after the effectiveness thereof or until the trust units covered by the registration statement have been sold pursuant to such registration statement or until all registrable trust units:



<BR><BR></FONT>

<DL compact>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>have
been sold pursuant to Rule&nbsp;144 under the Securities Act if the transferee thereof does not receive "restricted securities;"


<BR><BR></FONT></DD>



<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>have
been sold in a private transaction in which the transferor's rights under the registration rights agreement are not assigned to the transferee of the trust units; or


<BR><BR></FONT></DD>



<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>become
eligible for resale pursuant to Rule&nbsp;144(k) (or any similar rule then in effect under the Securities Act).

 </FONT></DD></DL>
</DD></DL>
</UL>
<BR>


<P><FONT SIZE=2>


The holders will have the right to require the trust to file up to three registration statements and will have piggyback registration rights in certain circumstances.


</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the preparation and filing of any registration statement, MV Partners will bear all costs and expenses incidental to any registration statement, excluding certain
internal expenses of the trust, which will be borne by the trustee, and any underwriting discounts and commissions, which will be borne by the seller of the trust units.

 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>81</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=85,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=371808,FOLIO='81',FILE='DISK131:[06HOU0.06HOU1190]DC1190A.;35',USER='KBLACKW',CD=';8-NOV-2006;12:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_de1190_1_82"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="de1190_federal_income_tax_consequences"> </A>
<A NAME="toc_de1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>FEDERAL INCOME TAX CONSEQUENCES    <BR>    </B></FONT></P>


<P><FONT SIZE=2><B>U.S. Federal Tax Income Consequences  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a discussion of the material U.S. federal income tax considerations that may be relevant to prospective trust unitholders and, unless otherwise
noted in the following discussion, expresses the opinion of Vinson&nbsp;&amp; Elkins L.L.P., insofar as it relates to matters of law and legal conclusions. This section is based upon current provisions
of the Internal Revenue Code of 1986, as amended (the "Code"), existing (and to the extent noted proposed) Treasury regulations thereunder, and current administrative rulings and court decisions, all
of which are subject to change or different interpretation at any time, possibly with retroactive effect. Subsequent changes in such authorities may cause the U.S. federal income tax consequences to
vary substantially from the consequences described below. No attempt has been made in the following discussion to comment on all U.S. federal income tax matters affecting the trust or the trust
unitholders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following discussion is limited to trust unitholders who purchase the trust units upon the initial issuance at the initial issue price (which will equal the first price at which a
substantial amount of trust units are sold to the public for cash) and who hold the trust units as "capital assets" (generally, property held for investment). All references to "trust unitholders"
(including U.S. trust unitholders and non-U.S. trust unitholders) are to beneficial owners of the trust units. This summary does not address the effect of the U.S. federal estate or gift
tax laws or the tax considerations arising under the law of any state, local or foreign jurisdiction. Moreover, the discussion has only limited application to trust unitholders subject to specialized
tax treatment such as, without limitation: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>banks,
insurance companies or other financial institutions;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>trust
unitholders subject to the alternative minimum tax;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>tax-exempt
organizations;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>dealers
in securities or commodities;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>regulated
investment companies;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>traders
in securities that elect to use a mark-to-market method of accounting for their securities holdings;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>foreign
persons or entities (except to the extent specifically set forth below);
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>persons
that are S-corporations, partnerships or other pass-through entities;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>persons
that own their interest in the trust units through S-corporations, partnerships or other pass-through entities;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>persons
that at any time own more than 5% of the aggregate fair market value of the trust units;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>expatriates
and certain former citizens or long-term residents of the United States;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>U.S.
trust unitholders (as defined below) whose functional currency is not the U.S. dollar;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>persons
who hold the trust units as a position in a hedging transaction, "straddle," "conversion transaction" or other risk reduction transaction; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>persons
deemed to sell the trust units under the constructive sale provisions of the Code. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prospective
investors are urged to consult their own tax advisors as to the particular tax consequences to them of the ownership and disposition of an investment in trust units,
including the applicability of any U.S. federal income, federal estate or gift tax, state, local and foreign tax laws, changes in applicable tax laws and any pending or proposed legislation. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>82</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=86,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=660396,FOLIO='82',FILE='DISK131:[06HOU0.06HOU1190]DE1190A.;33',USER='MTRAN',CD=';8-NOV-2006;22:22' -->
<A NAME="page_de1190_1_83"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
used herein, the term "U.S. trust unitholder" means a beneficial owner of trust units that for U.S. federal income tax purposes is: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>an
individual who is a citizen or resident of the United States,
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>a
corporation, or an entity treated as a corporation for U.S. federal income tax purposes, created or organized in or under the laws of the United States, a state thereof or
the District of Columbia,
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>an
estate the income of which is subject to U.S. federal income taxation regardless of its source, or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>a
trust if it is subject to the primary supervision of a U.S. court and the control of one or more United States persons (as defined for U.S. federal income tax purposes) or
that has a valid election in effect under applicable U.S. Treasury regulations to be treated as a United States person. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
term "non-U.S. trust unitholder" means any beneficial owner of a trust unit that is not a U.S. trust unitholder. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a partnership (including for this purpose any entity or arrangement treated as a partnership for U.S. federal income tax purposes) is a beneficial owner of trust units, the tax
treatment of a partner in the partnership will depend upon the status of the partner and the activities of the partnership. A trust unitholder that is a partnership, and the partners in such
partnership, should consult their own tax advisors about the U.S. federal income tax consequences of purchasing, owning, and disposing of trust units. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Classification and Taxation of the Trust  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the opinion of Vinson&nbsp;&amp; Elkins, L.L.P., for U.S. federal income tax purposes, the trust will be treated as a grantor trust and not as an unincorporated
business entity. As a grantor trust, the trust will not be subject to tax at the trust level. Rather, the grantors, who in this case are the trust unitholders, will be considered to own and receive
the trust's assets and income and will be directly taxable thereon as though no trust were in existence. The trust will file information returns, reporting to the trust unitholders all items of
income, gain, loss, deduction and credit, which must be included in the tax returns of the trust unitholders based on their respective methods of accounting and tax years without regard to the
accounting method and tax year of the trust. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No ruling has been or will be requested from the IRS with respect to the U.S. federal income tax treatment of the trust, including a ruling as to the status of the trust as a grantor
trust or as a partnership for U.S. federal income tax purposes. Thus, no assurance can be provided that the opinions and statements set forth in this discussion of U.S. federal income tax consequences
would be sustained by a court if contested by the IRS.

 </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
remainder of the discussion below is based on Vinson&nbsp;&amp; Elkins L.L.P.'s opinion that the trust will be classified as a grantor trust for federal income tax purposes. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Direct Taxation of Trust Unitholders  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because the trust will be treated as a trust for U.S. federal income tax purposes, trust unitholders will be treated for such purposes as owning a direct interest
in the assets of the trust, and each trust unitholder will be taxed directly on his pro rata share of the income and gain attributable to the assets of the trust and will be entitled to claim his pro
rata share of the deductions and expenses attributable to the assets of the trust (subject to certain limitations discussed below). Income, gain, loss, deduction and credits attributable to the assets
of the trust will be taken into account by trust unitholders </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>83</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=87,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=961754,FOLIO='83',FILE='DISK131:[06HOU0.06HOU1190]DE1190A.;33',USER='MTRAN',CD=';8-NOV-2006;22:22' -->
<A NAME="page_de1190_1_84"> </A>

<P><FONT SIZE=2>consistent
with their method of accounting and without regard to the taxable year or accounting method employed by the trust. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following
the end of each quarter, the trustee will determine the amount of funds available as of the end of such quarter for distribution to the trust unitholders and will make
distributions of available funds, if any, to the unitholders on or about the 25th day of the month following the end of the quarter to the unitholders of record on the last business day of such
quarter. In certain circumstances, however, a trust unitholder will not receive the distribution attributable to such income. For example, if the trustee establishes a reserve or borrows money to
satisfy liabilities of the trust, income associated with the cash used to establish that reserve or to repay that loan must be reported by the trust unitholder, even though that cash is not
distributed to him. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
described above, the trust will allocate items of income, gain, loss, deductions and credits to trust unitholders based on record ownership at the quarterly record dates. It is
possible that the IRS could disagree with this allocation method and could assert that income and deductions of the trust should be determined and allocated on a daily or prorated basis, which could
require adjustments to the tax returns of the unitholders affected by the issue and result in an increase in the administrative expense of the trust in subsequent periods. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Classification of the Net Profits Interest  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on representations made by MV Partners regarding the expected economic life of the underlying properties and the expected duration of the net profits
interest, the net profits interest should be treated as a "production payment" under Section&nbsp;636 of the Code or otherwise as a debt instrument for U.S. federal income tax purposes. Thus, each
trust unitholder should be treated as making a loan on the underlying properties to MV Partners in an aggregate amount generally equal to the purchase price of the trust units reduced by the portion
of the purchase price allocated to the trust's right to receive
payments under the hedge contracts, and proceeds payable to the trust from the sale of production from the burdened properties should be treated as payments of principal and interest on a debt
instrument issued by MV Partners. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will treat the net profits interest as indebtedness subject to the Treasury Regulations applicable to contingent payment debt instruments (the "CPDI regulations"), and by purchasing
trust units, each trust unitholder will agree to be bound by our application of the CPDI regulations, including our determination of the rate at which interest will be deemed to accrue on the net
profits interest (treated as a debt instrument for U.S. federal income tax purposes). The remainder of this discussion assumes that the net profits interest will be treated in accordance with that
agreement and our determinations. No assurance can be given that the IRS will not assert that the net profits interest should be treated differently. Such different treatment could affect the amount,
timing and character of income, gain or loss in respect of an investment in trust units and could require a trust unitholder to accrue interest income at a rate different than the "comparable yield"
described below. </FONT></P>

<P><FONT SIZE=2><B>Tax Consequences to U.S. Trust Unitholders  </B></FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Payments of Interest on the Trust Units  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the CPDI regulations, U.S. trust unitholders generally will be required to accrue income on the net profits interest in the amounts described below,
regardless of whether the U.S. trust unitholder uses the cash or accrual method of tax accounting. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>84</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=88,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=1030156,FOLIO='84',FILE='DISK131:[06HOU0.06HOU1190]DE1190A.;33',USER='MTRAN',CD=';8-NOV-2006;22:22' -->
<A NAME="page_de1190_1_85"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
CPDI regulations provide that a U.S. trust unitholder must accrue an amount of ordinary interest income for U.S. federal income tax purposes, for each accrual period prior to and
including the maturity date of the debt instrument that equals: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
product of (i)&nbsp;the adjusted issue price (as defined below) of the debt instrument represented by ownership of trust units as of the beginning of the accrual
period; and (ii)&nbsp;the
comparable yield to maturity (as defined below) of such debt instrument, adjusted for the length of the accrual period;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>divided
by the number of days in the accrual period; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>multiplied
by the number of days during the accrual period that the trust unitholder held the trust units. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
"issue price" of the debt instrument held by the trust is the first price at which a substantial amount of the trust units is sold to the public (other than the amount of such
purchase price allocated to the trust's right to receive payments under the hedge contracts), excluding sales to bond houses, brokers or similar persons or organizations acting in the capacity of
underwriters, placement agents or wholesalers. The "adjusted issue price" of such a debt instrument is its issue price increased by any interest income previously accrued, determined without regard to
any adjustments to interest accruals described below, and decreased by the projected amount of any payments scheduled to be made with respect to the debt instrument at an earlier time. The term
"comparable yield" means the annual yield we would be expected to pay, as of the initial issue date, on a fixed rate debt security with no contingent payments but with terms and conditions otherwise
comparable to those of the debt instrument represented by ownership of trust units. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have determined that the comparable yield for the debt instrument held by the trust is an annual rate of&nbsp;&nbsp;&nbsp;&nbsp;%, compounded semi-annually. The CPDI regulations
require that we provide to trust unitholders, solely for determining the amount of interest accruals for U.S. federal income tax purposes, a schedule of the projected amounts of payments, which we
refer to as projected payments, on the debt instrument held by the trust. These payments set forth on the schedule must produce a total return on such debt instrument equal to its comparable yield.
Amounts treated as interest under the CPDI regulations are treated as original issue discount for all purposes of the Code. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
required by the CPDI regulations, for U.S. federal income tax purposes, each holder of trust units must use the comparable yield and the schedule of projected payments as described
above in determining its interest accruals, and the adjustments thereto described below, in respect of the debt instrument held by the trust. You may obtain the projected payment schedule by
submitting a written request for such information to MV Partners at 250&nbsp;N. Water, Suite&nbsp;300, Wichita, Kansas 67202, Attention: President. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
determinations of the comparable yield and the projected payment schedule are not binding on the IRS and it could challenge such determinations. If it did so, and if any such
challenge were successful, then the amount and timing of interest income accruals of the trust unitholders would be different from those reported by us or included on previously filed tax returns by
the trust unitholders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
comparable yield and the schedule of projected payments are not determined for any purpose other than for the determination for U.S. federal income tax purposes of a trust
unitholder's interest accruals and adjustments thereof in respect of the debt instrument represented by ownership of trust units and do not constitute a projection or representation regarding the
actual amounts payable on the trust units. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If,
during any taxable year, a U.S. trust unitholder receives actual payments with respect to the debt instrument held by the trust that in the aggregate exceed the total amount of
projected payments for that taxable year, the trust unitholder will incur a "net positive adjustment" under the CPDI </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>85</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=89,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=202662,FOLIO='85',FILE='DISK131:[06HOU0.06HOU1190]DE1190A.;33',USER='MTRAN',CD=';8-NOV-2006;22:22' -->
<A NAME="page_de1190_1_86"> </A>
<BR>

<P><FONT SIZE=2>regulations
equal to the amount of such excess. The U.S. trust unitholder will treat a "net positive adjustment" as additional interest income for such taxable year. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a U.S. trust unitholder receives in a taxable year actual payments with respect to the debt instrument held by the trust that in the aggregate are less than the amount of projected
payments for that taxable year, the U.S. trust unitholder will incur a "net negative adjustment" under the CPDI regulations equal to the amount of such deficit. This adjustment will (a)&nbsp;reduce
the U.S. trust unitholder's interest income on the debt instrument held by the trust for that taxable year, and (b)&nbsp;to the extent of any excess after the application of (a) give rise to an
ordinary loss to the extent of the trust unitholder's interest income on such debt instrument during prior taxable years, reduced to the extent such interest was offset by prior net negative
adjustments. Any negative adjustment in excess of the amount described in (a)&nbsp;and (b)&nbsp;will be carried forward, as a negative adjustment to offset future interest income in respect of the
debt instrument held by the trust or to reduce the amount realized on a sale, exchange, conversion or retirement of such debt instrument. </FONT></P>


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As the effect of the trust's right to receive payments under the hedge contracts is not definitively addressed by presently existing authorities, the net profits interest may not be
treated as a debt instrument for federal income tax purposes. Specifically, the right to receive payments on the hedge contracts could be integrated with the net profits interest and deemed to be a
source other than production for repayment of the net profits interest, which characterization could adversely affect the qualification of the net profits interest as a production payment, and thus as
a debt instrument, under Section&nbsp;636 of the Code. However, tax counsel believes that the integration of the two interests, if asserted, would be unlikely to be sustained, as any such
integration would be contrary to the form of the conveyances to the trust and inconsistent with the applicable authorities.


</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the net profits interest is not treated as a debt instrument, a trust unitholder would be allowed to recoup its basis in the net profits interest on a schedule that is in proportion
to expected production from the net profits interest, with the effect that a trust unitholder would be entitled to deductions in respect of basis recovery on a schedule that is more favorable compared
to the trust unitholder's entitlement to treat a portion of its receipts as return of principal if the net profits interest is treated,



in accordance with tax counsel's opinion, as a debt instrument. In that case, however, the deductions so allowed may be itemized deductions, the deductibility of which would be subject to limitations
that disallow itemized deductions that are less than 2% of a taxpayer's adjusted gross income, or reduce the amount of itemized deductions that are otherwise allowable by the lesser of (i)&nbsp;3%
of (A)&nbsp;adjusted gross income over (B)&nbsp;$100,000 ($50,000 in the case of a separate return by a married individual) and (ii)&nbsp;80% of the amount of itemized deductions that are
otherwise allowable, or both. Although the matter is not free from doubt, tax counsel believes that, if the issue became relevant as a result of the classification of the net profits interest as other
than a debt instrument, deductions in respect of basis recovery should not be itemized deductions, as the deductions should, under Section&nbsp;62(a)(4) of the Code, be considered deductions that
are attributable to property held for the production of royalty income.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trust is not entitled to claim depletion deductions with respect to the burdened properties. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Payments Received with Respect to the Hedge Contracts  </I></B></FONT></P>


</UL>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
portion of the purchase price paid for trust units will be allocated to the right to receive payments under the hedge contracts. A U.S. trust unitholder's basis in that right will be
equal to the amount of such allocated purchase price and will be amortized over the life of the right. As discussed immediately above, certain miscellaneous itemized deductions of an individual
taxpayer are subject to limitations on deductibility. Amortization deductions attributable to the portion of the purchase price allocated to the right to receive payments under the hedge contracts
will generally be subject to such

</FONT></P>


<P ALIGN="CENTER"><FONT SIZE=2>86</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=90,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=256672,FOLIO='86',FILE='DISK131:[06HOU0.06HOU1190]DE1190A.;33',USER='MTRAN',CD=';8-NOV-2006;22:22' -->
<A NAME="page_de1190_1_87"> </A>

<P><FONT SIZE=2>


limitations. A U.S. trust unitholder will be required to recognize ordinary income with respect to payments received by the trust under the hedge contracts.


</FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Disposition of Trust Units  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For U.S. federal income tax purposes, a sale of trust units will be treated as a sale by the U.S. trust unitholder of his interest in the assets of the trust.
Generally, a U.S. trust unitholder will recognize gain or loss on a sale or exchange of trust units equal to the difference between the amount realized and the U.S. trust unitholder's adjusted tax
basis for the trust units sold. A U.S. trust unitholder's adjusted tax basis in his trust units will be equal to the U.S. trust unitholder's original purchase price for the
trust units, increased by any interest income previously accrued by the U.S. trust unitholder (determined without regard to any adjustments to interest accruals for positive or negative adjustments as
described above) and decreased by the amount of any projected payments that have been previously scheduled to be made in respect of the trust units (without regard to the actual amount paid). In
addition, such basis will be increased by his share of any payments that are made on the hedge contracts, reduced by the distributions of such amounts and reduced by the amortization deductions with
respect to the amount paid for the right to receive payments under the hedge contracts. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain
recognized upon a sale or exchange of a trust unit attributable to the net profits interest (the amount of which is reduced by any unused adjustments as discussed above) will
generally be treated as ordinary interest income. Any loss will be ordinary loss to the extent of interest previously included in income (reduced by any negative adjustments thereto), and thereafter,
capital loss (which will be long-term if the trust unit is held for more than one year). Net capital loss may offset no more than $3,000 of ordinary income in the case of individuals and
may only be used to offset capital gain in the case of corporations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain
or loss upon a sale or exchange of a trust unit attributable to the right to receive payments under the hedge contracts will generally be treated as capital gain or loss. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Trust Administrative Expenses  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses of the trust will include administrative expenses of the trustee. As discussed above, certain miscellaneous itemized deductions will generally be subject
to limitations on deductibility. Under these rules, administrative expenses attributable to the trust units are miscellaneous itemized deductions that generally will have to be aggregated with an
individual unitholder's other miscellaneous itemized deductions to determine the excess over 2% of adjusted gross income. It is anticipated that the amount of such administrative expenses will not be
significant in relation to the trust's income. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Backup Withholding and Information Reporting  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments of principal and interest on, and the proceeds of dispositions of, the trust units, may be subject to information reporting and U.S. federal backup
withholding tax if the trust unitholder thereof fails to supply an accurate taxpayer identification number or otherwise fails to comply with applicable U.S. information reporting or certification
requirements. Any amounts so withheld will be allowed as a credit against the trust unitholder's U.S. federal income tax liability. </FONT></P>


<P><FONT SIZE=2><B>Tax Consequences to Non-U.S. Trust Unitholders  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of certain material United States federal income tax consequences that will apply to you if you are a non-U.S. trust
unitholder. Non-U.S. trust unitholders should consult their own independent tax advisors to determine the U.S. federal, state, local and foreign tax consequences that may be relevant to
them. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>87</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=91,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=200927,FOLIO='87',FILE='DISK131:[06HOU0.06HOU1190]DE1190A.;33',USER='MTRAN',CD=';8-NOV-2006;22:22' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_dg1190_1_88"> </A> </FONT></P>

<!-- TOC_END -->
<UL>


<P><FONT SIZE=2><B><I> Payments with Respect to the Trust Units  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest paid with respect to the net profits interest will be treated as interest, the amount of which is "contingent" on the earnings of MV Partners, and thus
will not qualify for the "portfolio interest exemption" under Sections 871 and 881 of the Code. As a result, such interest will be subject to U.S. federal withholding tax at a 30&nbsp;percent rate
unless the non-U.S. trust unitholder is eligible for a lower rate under an applicable income tax treaty or the interest is effectively connected with the non-U.S. trust unitholder's
conduct of a trade or business in the United States, and in either case, the non-U.S. trust unitholder provides appropriate certification. A non-U.S. trust unitholder generally can meet the
certification requirement by providing an IRS Form W-8BEN (in the case of a claim of treaty benefits) or a W-8 ECI (with respect to the non-U.S. trust unitholder's conduct of a U.S. trade or
business). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amounts
paid with respect to the hedge contracts generally are not subject to U.S. federal income tax or withholding tax, but will be subject to U.S. federal income tax to the extent
such amounts are deemed to arise from the conduct of a U.S. trade or business by the non-U.S. trust unitholder. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Sale or Exchange of Trust Units  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The net profits interest will be treated as "United States real property interests" for U.S. federal income tax purposes. However, as long as the trust units are
regularly traded on an established securities market, gain realized by a non-U.S. trust unitholder on a sale of trust units will be subject to federal income tax only if: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
gain is, or is treated as, effectively connected with business conducted by the non-U.S. trust unitholder in the United States, and in the case of an
applicable tax treaty, is attributable to a U.S. permanent establishment maintained by the non-U.S. trust unitholder;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
non-U.S. trust unitholder is an individual who is present in the United States for at least 183&nbsp;days in the year of the sale; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
non-U.S. trust unitholder owns currently or owned at certain earlier times directly or by applying certain attribution rules, more than 5% of the trusts
units. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
non-U.S. trust unitholder will be subject to U.S. federal income tax on any gain allocable to the non-U.S. trust unitholder upon the sale by the trust of all or
any part of the net profits interest, and distributions to the non-U.S. trust unitholder will be subject to withholding of U.S. tax (currently at the rate of 35%) to the extent the
distributions are attributable to such gains. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Backup Withholding Tax and Information Reporting  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments to non-U.S. trust unitholders of interest, and amounts withheld from such payments, if any, generally will be required to be reported to the
IRS and to the non-U.S. trust unitholder. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
non-U.S. trust unitholder may be subject to backup withholding tax, currently at a rate of 28%, with respect to payments from the trust and the proceeds from dispositions
of trust units, unless such non-U.S. trust unitholder complies with certain certification requirements (usually satisfied by providing a duly completed IRS Form&nbsp;W-8BEN)
or otherwise establishes an exemption. Backup withholding is not an additional tax. Any amounts withheld under the backup withholding rules will be allowed as a refund or a credit against a
non-U.S. unitholder's U.S. federal income tax liability, provided certain required information is provided to the IRS. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments
of the proceeds of a sale of a trust unit effected by the U.S. office of a U.S. or foreign broker will be subject to information reporting requirements and backup withholding
unless the non-U.S. trust unitholder properly certifies under penalties of perjury as to its foreign status and certain other conditions are met or the non-U.S. trust
unitholder otherwise establishes an exemption. Information reporting requirements and backup withholding generally will not apply to any payment of </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>88</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=92,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=531652,FOLIO='88',FILE='DISK131:[06HOU0.06HOU1190]DG1190A.;48',USER='JGRINER',CD=';8-NOV-2006;21:01' -->
<A NAME="page_dg1190_1_89"> </A>
<BR>

<P><FONT SIZE=2>the
proceeds of the sale of a trust unit effected outside of the United States by a foreign office of a broker. However, unless such a broker has documentary evidence in its records that the holder is
a non-U.S. trust unitholder and certain other conditions are met, or the non-U.S. trust unitholder otherwise establishes an exemption, information reporting will apply to a
payment of the proceeds of the sale of a trust unit effected outside the United States by such a broker if it: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>is
a United States person;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>derives
50% or more of its gross income for certain periods from the conduct of a trade or business in the United States;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>is
a controlled foreign corporation for U.S. federal income tax purposes; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>is
a foreign partnership that, at any time during its taxable year, has more than 50% of its income or capital interests owned by United States persons or is engaged in the
conduct of a U.S. trade or business. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
amount withheld under the backup withholding rules may be credited against the non-U.S. trust unitholder's U.S. federal income tax liability and any excess may be
refundable if the proper information is provided to the IRS. </FONT></P>


<P><FONT SIZE=2><B>Consequences to Tax Exempt Organizations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee benefit plans and most other organizations exempt from U.S. federal income tax including IRAs and other retirement plans are subject to U.S. federal
income tax on unrelated business taxable income. Because the trust's income is not expected to be unrelated business taxable income, such a tax-exempt organization is not expected to be
taxable on income generated by ownership of trust units so long as the trust units are not treated as debt-financed property within the meaning of Section&nbsp;514(b) of the Code. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PROSPECTIVE
INVESTORS IN TRUST UNITS ARE STRONGLY ENCOURAGED TO CONSULT THEIR OWN TAX ADVISORS WITH RESPECT TO THE TAX CONSEQUENCES TO THEM OF THE PURCHASE, OWNERSHIP AND DISPOSITION OF
THE TRUST UNITS IN LIGHT OF THEIR OWN PARTICULAR CIRCUMSTANCES, INCLUDING THE TAX CONSEQUENCES UNDER STATE, LOCAL, FOREIGN AND OTHER TAX LAWS AND THE POSSIBLE EFFECTS OF CHANGES IN UNITED STATES
FEDERAL OR OTHER TAX LAWS. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dg1190_state_tax_considerations"> </A>
<A NAME="toc_dg1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>STATE TAX CONSIDERATIONS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is intended as a brief summary of certain information regarding state income taxes and other state tax matters affecting individuals who are trust
unitholders. Unitholders are urged to consult their own legal and tax advisors with respect to these matters. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prospective
investors should consider state and local tax consequences of an investment in the trust units. The trust will own the net profits interest burdening specified oil and
natural gas properties located in the states of Kansas and Colorado. Both of these states have income taxes applicable to individuals. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kansas
income tax law generally conforms to the federal income tax laws, meaning that for Kansas income tax purposes, the trust should be treated as a grantor trust, a trust unitholder
should be considered to own and receive his or her share of the trust's assets and income, and the net profits interest should be treated as a debt instrument. An individual trust unitholder who is a
nonresident of Kansas generally will not be subject to Kansas income tax on his share of the trust's income, except to the extent the trust units are employed by such trust unitholder in a trade,
business, profession or occupation carried on in Kansas. In general, an individual trust unitholder will not be deemed to carry on a trade, business, profession or occupation in Kansas solely by
reason of the purchase and sale of </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>89</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=93,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=375652,FOLIO='89',FILE='DISK131:[06HOU0.06HOU1190]DG1190A.;48',USER='JGRINER',CD=';8-NOV-2006;21:01' -->
<A NAME="page_dg1190_1_90"> </A>
<BR>

<P><FONT SIZE=2>trust
units for such nonresident's own account as an investor. An individual trust unitholder who is a resident of Kansas will be subject to Kansas income tax on his share of the trust's income. The
trust should not be required to withhold Kansas income tax from distributions made to an individual resident or nonresident trust unitholder as long as the trust is taxed as a grantor trust under the
Code. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Colorado
has an income tax applicable to individuals; however, the treatment of income from the trust units is unclear under Colorado law. An individual trust unitholder who is a
nonresident of Colorado may be required to file Colorado income tax returns and/or pay taxes in Colorado on his share of the trust's income. An individual trust unitholder who is a resident of
Colorado will be subject to tax on his share of the trust's income attributable to Colorado. It is anticipated that no more than 5.5% of the trust's income will be attributable to Colorado. Moreover,
individual trust unitholders may be subject to penalties for failure to comply with such requirements. The trust should not be required to withhold taxes under Colorado law from distributions made to
individual trust unitholders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trust units may constitute real property or an interest in real property under the inheritance, estate and probate laws of the states listed above. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dg1190_erisa_considerations"> </A>
<A NAME="toc_dg1190_2"> </A>
<BR></FONT><FONT SIZE=2><B>ERISA CONSIDERATIONS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employee Retirement Income Security Act of 1974, as amended, regulates pension, profit-sharing and other employee benefit plans to which it applies. ERISA
also contains standards for persons who are fiduciaries of those plans. In addition, the Internal Revenue Code provides similar requirements and standards which are applicable to qualified plans,
which include these types of plans, and to individual retirement accounts, whether or not subject to ERISA. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
fiduciary of a qualified plan should carefully consider fiduciary standards under ERISA regarding the qualified plan's particular circumstances before authorizing an investment in
trust units. A fiduciary should consider: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>whether
the investment satisfies the prudence requirements of Section&nbsp;404(a)(1)(B) of ERISA;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>whether
the investment satisfies the diversification requirements of Section&nbsp;404(a)(1)(C) of ERISA; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>whether
the investment is in accordance with the documents and instruments governing the qualified plan as required by Section&nbsp;404(a)(1)(D) of ERISA. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
fiduciary should also consider whether an investment in trust units might result in direct or indirect nonexempt prohibited transactions under Section&nbsp;406 of ERISA and Internal
Revenue Code Section&nbsp;4975. In deciding whether an investment involves a prohibited transaction, a fiduciary must determine whether there are plan assets in the transaction. The Department of
Labor has published final regulations concerning whether or not a qualified plan's assets would be deemed to include an interest in the underlying assets of an entity for purposes of the reporting,
disclosure and fiduciary responsibility provisions of ERISA and analogous provisions of the Internal Revenue Code. These regulations provide that the underlying assets of an entity will not be
considered "plan assets" if the equity interests in the entity are a publicly offered security. MV Partners expects that at the time of the sale of the trust units in this offering, they will be
publicly offered securities. Fiduciaries, however, will need to determine whether the acquisition of trust units is a nonexempt prohibited transaction under the general requirements of ERISA
Section&nbsp;406 and Internal Revenue Code Section&nbsp;4975. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
prohibited transaction rules are complex, and persons involved in prohibited transactions are subject to penalties. For that reason, potential qualified plan investors should consult
with their counsel to determine the consequences under ERISA and the Internal Revenue Code of their acquisition and ownership of trust units. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>90</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=94,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=429684,FOLIO='90',FILE='DISK131:[06HOU0.06HOU1190]DG1190A.;48',USER='JGRINER',CD=';8-NOV-2006;21:01' -->
<A NAME="page_dg1190_1_91"> </A>
<BR>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dg1190_selling_trust_unitholders"> </A>
<A NAME="toc_dg1190_3"> </A>
<BR></FONT><FONT SIZE=2><B>SELLING TRUST UNITHOLDERS    <BR>    </B></FONT></P>

<P>

<FONT SIZE=2>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately prior to the closing of the offering made hereby, MV Partners will convey to the trust the net profits interest in exchange for 11,500,000 trust
units. Of those trust units, 7,500,000 are being offered hereby and 4,000,000 will be transferred to MV Energy and VAP-I upon the





completion of this offering, 1,125,000 of which will be subject to purchase by the underwriters from MV Energy and VAP-I in a subsequent resale pursuant to the underwriters' option to
purchase additional trust units. These members of MV Partners may from time to time sell such trust units if the underwriters' option to purchase additional trust units is not exercised in full. MV
Partners, MV Energy and VAP-I have agreed, however, not to sell any of such trust units for a period of 180&nbsp;days after the date of this prospectus without the consent of Raymond
James&nbsp;&amp; Associates,&nbsp;Inc., acting as representative of the several underwriters. See "Underwriting."

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table provides information regarding the selling trust unitholders' ownership of the trust units. This table assumes the underwriters' option to purchase additional trust
units is not exercised. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="73%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="20%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Ownership&nbsp;of&nbsp;trust&nbsp;units<BR>
before offering</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="18%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Ownership&nbsp;of&nbsp;trust&nbsp;units<BR>
after offering</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="20%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Selling Trust<BR>
Unitholders<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="18%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Number&nbsp;of&nbsp;trust&nbsp;units<BR>
being offered</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>Number</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Percentage</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="CENTER"><FONT SIZE=1><B>Number</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Percentage</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="20%"><FONT SIZE=2>MV Partners</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>11,500,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>100.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>7,500,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="20%"><FONT SIZE=2>MV Energy</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,000,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>17.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="20%"><FONT SIZE=2>VAP-I</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,000,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>17.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately
following the closing of this offering, MV Partners intends to sell at the initial public offering price the 4,000,000 trust units not sold in this offering to its two
members, MV&nbsp;Energy and VAP-I, in exchange for cash in the amount of $8.0&nbsp;million and promissory notes. Each of MV&nbsp;Energy and VAP-I will own 50% of the retained units. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior
to this offering, there has been no public market for the trust units. Therefore, if MV Energy or VAP-I disposes of their retained trust units, the effect of such disposal on
future market prices, if any, of market sales of such remaining trust units or the availability of trust units for sale cannot be predicted. Nevertheless, sales of substantial amounts of trust units
in the public market could adversely affect future market prices. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>91</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=95,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=966316,FOLIO='91',FILE='DISK131:[06HOU0.06HOU1190]DG1190A.;48',USER='JGRINER',CD=';8-NOV-2006;21:01' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_di1190_1_92"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="di1190_underwriting"> </A>
<A NAME="toc_di1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>UNDERWRITING    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the terms and conditions in an underwriting agreement
dated&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2006, the underwriters named below, for whom Raymond James&nbsp;&amp;
Associates,&nbsp;Inc., is acting as representative, have severally agreed to purchase from MV Partners the number of trust units set forth opposite their names: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="67%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1><B>Underwriter<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="16%" ALIGN="CENTER"><FONT SIZE=1><B>Number of<BR>
Trust&nbsp;Units</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Raymond James &amp; Associates, Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="79%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>7,500,000</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
underwriting agreement provides that the obligations of the underwriters to purchase and accept delivery of the trust units offered by this prospectus are subject to approval by
their counsel of legal matters and to other conditions set forth in the underwriting agreement. The underwriters are obligated to purchase and accept delivery of all of the trust units offered by this
prospectus if any of the units are purchased, other than those covered by the option to purchase additional trust units described below. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
underwriters propose to offer the trust units directly to the public at the public offering price indicated on the cover page of this prospectus and to various dealers at that price
less a concession not in excess of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;per unit. The underwriters may allow, and the dealers may re-allow, a
concession not in excess of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;per unit to other dealers. If all of the trust units are not sold at the public offering price, the underwriters may change the public offering price
and
other selling terms. The trust units are offered by the underwriters as stated in this prospectus, subject to receipt and acceptance by them. The underwriters reserve the right to reject an order for
the purchase of the trust units in whole or in part. </FONT></P>


<P><FONT SIZE=2><B>Option to Purchase Additional Trust Units  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners and its members have granted the underwriters an option, exercisable for 30&nbsp;days after the date of this prospectus, to purchase from time to
time up to an aggregate of 1,125,000 additional trust units to cover over-allotments, if any, at the public offering price less the underwriting discounts and commissions set forth on the
cover page of this prospectus. If the underwriters exercise this option, each underwriter, subject to certain conditions, will become obligated to purchase its pro rata portion of these additional
units based on the underwriters' percentage purchase commitment in this offering as indicated in the table above. The underwriters may exercise the option to purchase additional trust units only to
cover over-allotments made in connection with the sale of the trust units offered in this offering. </FONT></P>

<P><FONT SIZE=2><B>Discounts and Expenses  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table shows the amount per unit and total underwriting discounts MV Partners, MV Energy and VAP-I will pay to the underwriters (dollars in
thousands, except per unit). The amounts are </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>92</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=96,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=827066,FOLIO='92',FILE='DISK131:[06HOU0.06HOU1190]DI1190A.;30',USER='JGRINER',CD=';8-NOV-2006;21:04' -->
<A NAME="page_di1190_1_93"> </A>
<BR>

<P><FONT SIZE=2>shown
assuming both no exercise and full exercise of the underwriters' option to purchase additional trust units. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="66%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="56%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Per&nbsp;Unit</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>No&nbsp;Exercise</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Full&nbsp;Exercise</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="56%"><FONT SIZE=2>Public offering price</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="56%"><FONT SIZE=2>Underwriting discounts and commissions</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="56%"><FONT SIZE=2>Proceeds, before expenses, to MV Partners</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="56%"><FONT SIZE=2>Proceeds, before expenses, to MV Energy and VAP-I</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners will pay Raymond James&nbsp;&amp; Associates,&nbsp;Inc. a structuring fee of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(or $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if the
underwriters exercise their option to purchase
additional trust units to cover over-allotments) for evaluation, analysis and structuring of the trust. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
expenses of this offering that are payable by MV Partners are estimated to be $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(exclusive of underwriting discounts and commissions). In no event will the maximum
amount of compensation to be paid to members of the National Association of Securities Dealers,&nbsp;Inc., or the "NASD," in connection with this offering exceed 10% plus .5% for bona fide due
diligence expenses. </FONT></P>

<P><FONT SIZE=2><B>Indemnification  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners has agreed to indemnify the underwriters against various liabilities that may arise in connection with this offering, including liabilities under the
Securities Act for errors or omissions in this prospectus or the registration statement of which this prospectus is a part. However, MV Partners will not indemnify the underwriters if the error or
omission was the result of information the underwriters supplied to MV Partners in writing for inclusion in this prospectus or the registration statement. If MV Partners cannot indemnify the
underwriters, it has agreed to contribute to payments the underwriters may be required to make in respect of those liabilities. MV Partners' contribution would be in the proportion that the proceeds
(after underwriting discounts and commissions) that MV Partners receives from this offering bear to the proceeds (from underwriting discounts and commissions) that the underwriters receive. If MV
Partners cannot contribute in this proportion, MV Partners will contribute based on its faults and benefits, as set forth in the underwriting agreement. </FONT></P>

<P><FONT SIZE=2><B>Lock-up Agreements  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to specified exceptions, MV Partners, its members and certain of their affiliates have agreed with the underwriters, for a period of 180&nbsp;days after
the date of this prospectus, not to offer, sell, contract to sell or otherwise dispose of or transfer any trust units or any securities convertible into or exchangeable for trust units without the
prior written consent of Raymond James&nbsp;&amp; Associates,&nbsp;Inc. These agreements also preclude any hedging collar or other transaction designed or reasonably expected to result in a
disposition of trust units or securities convertible into or exercisable or
exchangeable for trust units. Raymond James&nbsp;&amp; Associates,&nbsp;Inc. may, in its discretion and at any time without notice, release all or any portion of the securities subject to these
agreements. Raymond James&nbsp;&amp; Associates,&nbsp;Inc. does not have any present intent or any understanding to release all or any portion of the securities subject to these agreements. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
180-day period described in the preceding paragraphs will be extended if: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>during
the last 17&nbsp;days of the 180-day period, MV Oil Trust issues a release concerning distributable cash or announces material news or a material event
relating to MV Oil Trust occurs; or </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>93</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=97,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=23684,FOLIO='93',FILE='DISK131:[06HOU0.06HOU1190]DI1190A.;30',USER='JGRINER',CD=';8-NOV-2006;21:04' -->
<A NAME="page_di1190_1_94"> </A>
<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>prior
to the expiration of the 180-day period, MV Oil Trust announces that it will release distributable cash results during the 16-day period
beginning on the last day of the 180-day period, </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>in
which case the restrictions described in the preceding paragraphs will continue to apply until the expiration of the 18-day period beginning on the issuance of the earnings release, the
announcement of the material news or the occurrence of the material event. </FONT></P>

<P><FONT SIZE=2><B>Stabilization  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Until this offering is completed, rules of the SEC may limit the ability of the underwriters and various selling group members to bid for and purchase the trust
units. As an exception to these rules, the underwriters may engage in activities that stabilize, maintain or otherwise affect the price of the trust units, including: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>short
sales,
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>syndicate
covering transactions,
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>imposition
of penalty bids, and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>purchases
to cover positions created by short sales. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stabilizing
transactions consist of bids or purchases made for the purpose of preventing or retarding a decline in the market price of the trust units while this offering is in progress.
Stabilizing transactions may include making short sales of trust units, which involve the sale by the underwriter of a greater number of trust units than it is required to purchase in this offering
and purchasing trust units from MV Partners or its members or in the open market to cover positions created by short sales. Short sales may be "covered" shorts, which are short positions in an amount
not greater than the underwriters' option to purchase additional trust units referred to above, or may be "naked" shorts, which are short positions in excess of that amount. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
underwriter may close out any covered short position either by exercising its option to purchase additional trust units, in whole or in part, or by purchasing trust units in the
open market. In making this determination, each underwriter will consider, among other things, the price of trust units available for purchase in the open market compared to the price at which the
underwriter may purchase trust units pursuant to the option to purchase additional trust units. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure on the price of the trust units in the open market that could
adversely affect investors who purchased in this offering. To the extent that the underwriters create a naked short position, they will purchase trust units in the open market to cover the position. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
underwriters also may impose a penalty bid on selling group members. This means that if the underwriters purchase trust units in the open market in stabilizing transactions or to
cover short sales, the underwriters can require the selling group members that sold those trust units as part of this offering to repay the selling concession received by them. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
a result of these activities, the price of the trust units may be higher than the price that otherwise might exist in the open market. If the underwriters commence these activities,
they may discontinue them without notice at any time. The underwriters may carry out these transactions on the New York Stock Exchange or otherwise. </FONT></P>


<P><FONT SIZE=2><B>Conflicts/Affiliates  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The underwriters and their affiliates may provide in the future investment banking, financial advisory or other financial services for MV Partners and its
affiliates, for which they may receive </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>94</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=98,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=104384,FOLIO='94',FILE='DISK131:[06HOU0.06HOU1190]DI1190A.;30',USER='JGRINER',CD=';8-NOV-2006;21:04' -->
<A NAME="page_di1190_1_95"> </A>
<BR>

<P><FONT SIZE=2>advisory
or transaction fees, as applicable, plus out-of-pocket expenses, of the nature and in amounts customary in the industry for these financial services. </FONT></P>


<P><FONT SIZE=2><B>Discretionary Accounts  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The underwriters may confirm sales of the trust units offered by this prospectus to accounts over which they exercise discretionary authority but do not expect
those sales to exceed 5% of the total trust units offered by this prospectus. </FONT></P>

<P><FONT SIZE=2><B>Listing  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners intends to apply to list the trust units on the New York Stock Exchange under the symbol "MVO." In connection with the listing of the trust units on
the New York Stock Exchange, the underwriters will undertake to sell round lots of 100&nbsp;units or more to a minimum of 400&nbsp;beneficial owners. </FONT></P>


<P><FONT SIZE=2><B>IPO Pricing  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to this offering, there has been no public market for the trust units. Consequently, the initial public offering price for the trust units will be
determined by negotiations among MV Partners and the underwriters. The primary factors to be considered in determining the initial public offering price will be: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>estimates
of distributions to trust unitholders,
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>overall
quality of the oil and natural gas properties attributable to the underlying properties,
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>industry
and market conditions prevalent in the energy industry,
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
information set forth in this prospectus and otherwise available to the representatives and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
general conditions of the securities markets at the time of this offering. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><B>Electronic Prospectus  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A prospectus in electronic format may be available on the Internet sites or through other online services maintained by one or more of the underwriters and
selling group members participating in this offering, or by their affiliates. In those cases, prospective investors may view offering terms online and, depending upon the underwriter or the selling
group member, prospective investors may be allowed to place orders online. The underwriters may agree with MV Partners to allocate a specific number of trust units for sale to online brokerage account
holders. Any such allocation for online distributions will be made by the underwriters on the same basis as other allocations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
than the prospectus in electronic format, the information on any underwriter's or any selling group member's website and any information contained in any other website maintained
by the underwriters or any selling group member is not part of this prospectus or the registration statement of which this prospectus forms a part, has not been approved or endorsed by MV Partners or
any underwriters or any selling group member in its capacity as underwriter or selling group member and should not be relied upon by investors. </FONT></P>

<P><FONT SIZE=2><B>NASD Conduct Rules  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because the NASD is expected to view the trust units offered hereby as interests in a direct participation program, this offering is being made in compliance with
Rule&nbsp;2810 of the NASD's Conduct Rules. Investor suitability with respect to the trust units should be judged similarly to the suitability with respect to other securities that are listed for
trading on a national securities exchange. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>95</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=99,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=11032,FOLIO='95',FILE='DISK131:[06HOU0.06HOU1190]DI1190A.;30',USER='JGRINER',CD=';8-NOV-2006;21:04' -->
<A NAME="page_di1190_1_96"> </A>
<BR>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="di1190_legal_matters"> </A>
<A NAME="toc_di1190_2"> </A>
<BR></FONT><FONT SIZE=2><B>LEGAL MATTERS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dorsey&nbsp;&amp; Whitney (Delaware) LLP, Wilmington, Delaware, as special Delaware counsel to the trust, will give a legal opinion as to the validity of the trust
units. Vinson&nbsp;&amp; Elkins L.L.P., Houston, Texas, will give opinions as to certain other matters relating to the offering, including the tax opinion described in the section of this prospectus
captioned "Federal Income Tax Consequences." Certain legal matters in connection with the trust units will be passed upon for the underwriters by Baker Botts L.L.P., Houston, Texas. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="di1190_experts"> </A>
<A NAME="toc_di1190_3"> </A>
<BR></FONT><FONT SIZE=2><B>EXPERTS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain information appearing in this prospectus regarding the June&nbsp;30, 2006, estimated quantities of reserves of the underlying properties and net profits
interest owned by the trust, the future net revenues from those reserves and their present value is based on estimates of the reserves and present values prepared by or derived from estimates prepared
by Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc., independent petroleum engineers. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
financial statements of MV Partners as of December&nbsp;31, 2004 and 2005, and for each of the three years in the period ended December&nbsp;31, 2005, included in this prospectus
have been audited by Grant Thornton LLP, independent registered public accountants, as indicated in their report with respect thereto, and are included herein in reliance upon the authority of said
firm as experts in accounting and auditing in giving said report. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
statements of historical revenues and direct operating expenses of the underlying properties for each of the three years in the period ended December&nbsp;31, 2005, included in
this prospectus have been
audited by Grant Thornton LLP, independent registered public accountants, as indicated in their report with respect thereto, and are included herein in reliance upon the authority of said firm as
experts in accounting and auditing in giving said report. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
statement of assets and trust corpus of MV Oil Trust as of August&nbsp;11, 2006, included in this prospectus has been audited by Grant Thornton LLP, independent registered public
accountants, as indicated in their report with respect thereto, and included herein in reliance upon the authority of said firm as experts in accounting and auditing in giving said report. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="di1190_where_you_can_find_more_information"> </A>
<A NAME="toc_di1190_4"> </A>
<BR></FONT><FONT SIZE=2><B>WHERE YOU CAN FIND MORE INFORMATION    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust and MV Partners have filed with the SEC in Washington, D.C. a registration statement, including all amendments, under the Securities Act of 1933
relating to the trust units. As permitted by the rules and regulations of the SEC, this prospectus does not contain all of the information contained in the registration statement and the exhibits and
schedules to the registration statement. You may read and copy the registration statement at the SEC's public reference room at 100 F Street, N.E., Washington, D.C. 20549. You may request copies of
these documents, upon payment of a duplicating fee, by writing to the SEC at the address in the previous sentence. To obtain information on the operation of the public reference rooms you may call the
SEC at (800)&nbsp;SEC-0330. You can also read the trust and MV Partners' SEC filings, including the registration statement, over the Internet at the SEC's website at www.sec.gov. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>96</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=100,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=114168,FOLIO='96',FILE='DISK131:[06HOU0.06HOU1190]DI1190A.;30',USER='JGRINER',CD=';8-NOV-2006;21:04' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_dk1190_1_97"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dk1190_glossary_of_certain_oil_and_natural_gas_terms"> </A>
<A NAME="toc_dk1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>GLOSSARY OF CERTAIN OIL AND NATURAL GAS TERMS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In this prospectus the following terms have the meanings specified below. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Bbl</I></FONT><FONT SIZE=2>&#151;One stock tank barrel, or 42 U.S. gallons liquid volume, of crude oil or other liquid hydrocarbons. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Boe</I></FONT><FONT SIZE=2>&#151;One stock tank barrel of oil equivalent, computed on an approximate energy equivalent basis that one Bbl of crude oil
equals six Mcf of natural gas and one Bbl of crude oil equals 1.54 Bbls of natural gas liquids. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Btu</I></FONT><FONT SIZE=2> or </FONT><FONT SIZE=2><I>British Thermal Unit</I></FONT><FONT SIZE=2>&#151;The quantity of heat required to raise the
temperature of one pound of water one degree Fahrenheit. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Completion</I></FONT><FONT SIZE=2>&#151;The installation of permanent equipment for the production of oil or natural gas, or in the case of a dry hole, the
reporting of abandonment to the appropriate agency. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Condensate</I></FONT><FONT SIZE=2>&#151;Liquid hydrocarbons associated with the production of a primarily natural gas reserve. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Developed Acreage</I></FONT><FONT SIZE=2>&#151;The number of acres that are allocated or assignable to productive wells or wells capable of production. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Development Well</I></FONT><FONT SIZE=2>&#151;A well drilled into a proved oil or natural gas reservoir to the depth of a stratigraphic horizon known to be
productive. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Estimated Future Net Revenues</I></FONT><FONT SIZE=2>&#151;Also referred to as "estimated future net cash flows." The result of applying current prices of
oil, natural gas and natural gas liquids to estimated future production from oil, natural gas and natural gas liquids proved reserves, reduced by estimated future expenditures, based on current costs
to be incurred, in developing and producing the proved reserves, excluding overhead. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Farm-in or Farm-out Agreement</I></FONT><FONT SIZE=2>&#151;An agreement under which the owner of a working interest in an oil or
natural gas lease typically assigns the working interest or a portion of the working interest to another party who desires to drill on the leased acreage. Generally, the assignee is required to drill
one or more wells in order to earn its interest in the acreage. The assignor usually retains a royalty or reversionary interest in the lease. The interest received by an assignee is a
"farm-in" while the interest transferred by the assignor is a "farm-out." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Field</I></FONT><FONT SIZE=2>&#151;An area consisting of either a single reservoir or multiple reservoirs, all grouped on or related to the same individual
geological structural feature and/or stratigraphic condition. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Gross Acres or Gross Wells</I></FONT><FONT SIZE=2>&#151;The total acres or wells, as the case may be, in which a working interest is owned. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>MBbl</I></FONT><FONT SIZE=2>&#151;One thousand barrels of crude oil or other liquid hydrocarbons. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>MBoe</I></FONT><FONT SIZE=2>&#151;One thousand barrels of oil equivalent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Mcf</I></FONT><FONT SIZE=2>&#151;One thousand standard cubic feet of natural gas. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>MMBbls&#151;</I></FONT><FONT SIZE=2>One million barrels of crude oil or other liquid hydrocarbons. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>MMBoe</I></FONT><FONT SIZE=2>&#151;One million barrels of oil equivalent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>MMcf</I></FONT><FONT SIZE=2>&#151;One million standard cubic feet of natural gas. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Net Acres or Net Wells&#151;</I></FONT><FONT SIZE=2>The sum of the fractional working interests owned in gross acres or wells, as the case may be. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>97</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=101,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=987705,FOLIO='97',FILE='DISK131:[06HOU0.06HOU1190]DK1190A.;22',USER='JGRINER',CD=';8-NOV-2006;21:04' -->
<A NAME="page_dk1190_1_98"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Net Profits Interest</I></FONT><FONT SIZE=2>&#151;A nonoperating interest that creates a share in gross production from an operating or working interest in
oil and natural gas properties. The share is measured by net profits from the sale of production after deducting costs associated with that production. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Net Revenue Interest</I></FONT><FONT SIZE=2>&#151;An interest in all oil, natural gas and natural gas liquids produced and saved from, or attributable to,
a particular property, net of all royalties, overriding royalties, net profits interests, carried interests, reversionary interests and any other burdens to which the person's interest is subject. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Plugging and Abandonment</I></FONT><FONT SIZE=2>&#151;Activities to remove production equipment and seal off a well at the end of a well's economic life. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Proved Developed Non-Producing Reserves</I></FONT><FONT SIZE=2>&#151;Proved developed reserves expected to be recovered from zones behind
casing in existing wells. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Proved Developed Producing Reserves</I></FONT><FONT SIZE=2>&#151;Proved developed reserves that are expected to be recovered from completion intervals
currently open in existing wells and capable of production to market. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Proved Developed Reserves</I></FONT><FONT SIZE=2>&#151;Has the meaning given to such term in Rule&nbsp;4-10(a)(3) of
Regulation&nbsp;S-X, which defines proved developed reserves as: </FONT></P>

<UL>

<P><FONT SIZE=2>Proved
developed oil and gas reserves are reserves that can be expected to be recovered through existing wells with existing equipment and operating methods. Additional oil and gas expected to be
obtained through the application of fluid injection or other improved recovery techniques for supplementing the natural forces and mechanisms of primary recovery should be included as proved developed
reserves only after testing by a pilot project or after the operation of an installed program has confirmed through production response that increased recovery will be achieved. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Proved Reserves</I></FONT><FONT SIZE=2>&#151;Has the meaning given to such term in Rule&nbsp;4-10(a)(2) of Regulation&nbsp;S-X,
which defines proved developed reserves as: </FONT></P>

<UL>

<P><FONT SIZE=2>Proved
oil and gas reserves are the estimated quantities of crude oil, natural gas, and natural gas liquids which geological and engineering data demonstrate with reasonable certainty to be
recoverable in future years from known reservoirs under existing economic and operating conditions, i.e., prices and costs as of the date the estimate is made. Prices include consideration of changes
in existing prices provided only by contractual arrangements, but not on escalations based upon future conditions. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(i)</FONT></DT><DD><FONT SIZE=2>Reservoirs
are considered proved if economic producibility is supported by either actual production or conclusive formation test. The area of a reservoir considered
proved includes (A)&nbsp;that portion delineated by drilling and defined by gas-oil and/or oil-water contacts, if any, and (B)&nbsp;the immediately adjoining portions not
yet drilled, but which can be reasonably judged as economically productive on the basis of available geological and engineering data. In the absence of information on fluid contacts, the lowest known
structural occurrence of hydrocarbons controls the lower proved limit of the reservoir.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(ii)</FONT></DT><DD><FONT SIZE=2>Reserves
which can be produced economically through application of improved recovery techniques (such as fluid injection) are included in the proved classification when
successful testing by a pilot project, or the operation of an installed program in the reservoir, provides support for the engineering analysis on which the project or program was based.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(iii)</FONT></DT><DD><FONT SIZE=2>Estimates
of proved reserves do not include the following: (A)&nbsp;Oil that may become available from known reservoirs but is classified separately as indicated
additional reserves; (B)&nbsp;crude oil, natural gas, and natural gas liquids, the recovery of which is subject to reasonable doubt because of uncertainty as to geology, reservoir characteristics,
or economic factors; (C)&nbsp;crude oil, natural gas, and natural gas liquids, that may occur in undrilled prospects; and (D)&nbsp;crude </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>98</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=102,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=587274,FOLIO='98',FILE='DISK131:[06HOU0.06HOU1190]DK1190A.;22',USER='JGRINER',CD=';8-NOV-2006;21:04' -->
<A NAME="page_dk1190_1_99"> </A>
<UL>
<UL>

<P><FONT SIZE=2>oil,
natural gas, and natural gas liquids, that may be recovered from oil shales, coal, gilsonite and other such sources. </FONT></P>

</UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Proved Undeveloped Reserves</I></FONT><FONT SIZE=2>&#151;Has the meaning given to such term in Rule&nbsp;4-10(a)(4) of
Regulation&nbsp;S-X, which defines proved developed reserves as: </FONT></P>

<UL>

<P><FONT SIZE=2>Proved
undeveloped oil and gas reserves are reserves that are expected to be recovered from new wells on undrilled acreage, or from existing wells where a relatively major expenditure is required for
recompletion. Reserves on undrilled acreage shall be limited to those drilling units offsetting productive units that are reasonably certain of production when drilled. Proved reserves for other
undrilled units can be claimed only where it can be demonstrated with certainty that there is continuity of production from the existing productive formation. Under no circumstances should estimates
for proved undeveloped reserves be attributable to any acreage for which an application of fluid injection or other improved recovery technique is contemplated, unless such techniques have been proved
effective by actual tests in the area and in the same reservoir. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>PV-10&#151;</I></FONT><FONT SIZE=2>The present value of estimated future net revenues using a discount rate of 10% per annum. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Recompletion&#151;</I></FONT><FONT SIZE=2>The completion for production of an existing well bore in another formation from that which the well has been
previously completed. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Reservoir</I></FONT><FONT SIZE=2>&#151;A porous and permeable underground formation containing a natural accumulation of producible oil and/or gas that is
confined by impermeable rock or water barriers and is individual and separate from other reservoirs. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Standardized Measure of Discounted Future Net Cash Flows</I></FONT><FONT SIZE=2>&#151;Also referred to herein as "standardized measure." It is the present
value of estimated future net revenues computed by discounting estimated future net revenues at a rate of 10% annually. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Financial Accounting Standards Board requires disclosure of standardized measure of discounted future net cash flows relating to proved oil and gas reserve quantities, per
paragraph&nbsp;30 of Statement of Financial Accounting Standards No.&nbsp;69, as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
standardized measure of discounted future net cash flows relating to an enterprise's interests in (a)&nbsp;proved oil and gas reserves and (b)&nbsp;oil and gas subject to purchase
under long-term supply, purchase, or similar agreements and contracts in which the enterprise participates in the operation of the properties on which the oil or gas is located or
otherwise serves as the producer of those reserves shall be disclosed as of the end of the year. The standardized measure of discounted future net cash flows relating to those two types of interests
in reserves may be combined for reporting purposes. The following information shall be disclosed in the aggregate and for each geographic area for which reserve quantities are disclosed: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
cash inflows. These shall be computed by applying year-end prices of oil and gas relating to the enterprise's proved reserves to the year-
end quantities of those
reserves. Future price changes shall be considered only to the extent provided by contractual arrangements in existence at year-end. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
development and production costs. These costs shall be computed by estimating the expenditures to be incurred in developing and producing the proved oil and gas
reserves at the end of the year, based on year-end costs and assuming continuation of existing economic conditions. If estimated development expenditures are significant, they shall be
presented separately from estimated production costs. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
income tax expenses. These expenses shall be computed by applying the appropriate year-end statutory tax rates, with consideration of future tax rates
already </FONT></P>

</UL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>99</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=103,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=956623,FOLIO='99',FILE='DISK131:[06HOU0.06HOU1190]DK1190A.;22',USER='JGRINER',CD=';8-NOV-2006;21:04' -->
<A NAME="page_dk1190_1_100"> </A>
<UL>
<UL>
<BR>

<P><FONT SIZE=2>legislated,
to the future pretax net cash flows relating to the enterprise's proved oil and gas reserves, less the tax basis of the properties involved. The future income tax expenses shall give
effect to tax deductions, tax credits and allowances relating to the enterprise's proved oil and gas reserves. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
net cash flows. These amounts are the result of subtracting future development and production costs and future income tax expenses from future cash inflows. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discount.
This amount shall be derived from using a discount rate of 10&nbsp;percent a year to reflect the timing of the future net cash flows relating to proved oil
and gas reserves. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Standardized
measure of discounted future net cash flows. This amount is the future net cash flows less the computed discount. </FONT></P>

</UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Working Interest (also called an operating interest)</I></FONT><FONT SIZE=2>&#151;The right granted to the lessee of a property to explore for and to
produce and own oil, gas or other minerals. The working interest owner bears the exploration, development and operating costs on either a cash, penalty or carried basis. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Workover</I></FONT><FONT SIZE=2>&#151;Operations on a producing well to restore or increase production. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>100</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=104,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=625139,FOLIO='100',FILE='DISK131:[06HOU0.06HOU1190]DK1190A.;22',USER='JGRINER',CD=';8-NOV-2006;21:04' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ez1190_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ez1190_index_to_financial_statements"> </A>
<BR></FONT><FONT SIZE=2><B>Index to Financial Statements    <BR>    </B></FONT></P>

<P><FONT SIZE=2>
<A NAME="EZ1190_TOC"></A> </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=2><B>Underlying Properties:</B></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 VALIGN="TOP"><A HREF="#page_fa1190_1_2"><BR><FONT SIZE=2> Report of Independent Registered Public Accounting Firm</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 VALIGN="TOP"><A HREF="#page_fa1190_1_3"><BR><FONT SIZE=2> Statements of Historical Revenues and Direct Operating Expenses for Each of the Three Years in the Period Ended December 31, 2005, and for the Six Months Ended June&nbsp;30, 2005
and 2006 (unaudited)</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 VALIGN="TOP"><A HREF="#page_fa1190_1_4"><BR><FONT SIZE=2> Notes to Statements of Historical Revenue and Direct Operating Expenses</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=2><B>MV Oil Trust:</B></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 VALIGN="TOP"><A HREF="#page_fc1190_1_9"><BR><FONT SIZE=2> Report of Independent Registered Public Accounting Firm</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 VALIGN="TOP"><A HREF="#page_fc1190_1_10"><BR><FONT SIZE=2> Statement of Assets and Trust Corpus as of August&nbsp;11, 2006</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 VALIGN="TOP"><A HREF="#fc1190_mv_oil_trust_notes_to_s__fc102539"><BR><FONT SIZE=2> Notes to Statement of Assets and Trust Corpus</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2 VALIGN="TOP"><A HREF="#fe1190_mv_oil_trust_unaudited___fe102286"><BR><FONT SIZE=2> Unaudited Pro Forma Financial Information</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="95%" VALIGN="TOP"><A HREF="#fe1190_mv_oil_trust_unaudited_pro_for__mv_03080"><BR><FONT SIZE=2> Unaudited Pro Forma Statement of Assets and Trust Corpus as of June&nbsp;30, 2006</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="95%" VALIGN="TOP"><A HREF="#fe1190_mv_oil_trust_unaudited_pro_for__mv_04806"><BR><FONT SIZE=2> Unaudited Pro Forma Statements of Distributable Income for the Year Ended December&nbsp;31, 2005, and for the Six Months Ended June&nbsp;30,
2006</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="95%" VALIGN="TOP"><A HREF="#fe1190_mv_oil_trust_notes_to_unaudite__mv_02625"><BR><FONT SIZE=2> Notes to Unaudited Pro Forma Financial Information</FONT></A></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>F-1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=105,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=580450,FOLIO='F-1',FILE='DISK131:[06HOU0.06HOU1190]EZ1190A.;14',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fa1190_1_2"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fa1190_report_of_independent_r__fa102290"> </A>
<A NAME="toc_fa1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>Report of Independent Registered Public Accounting Firm    <BR>    </B></FONT></P>

<P><FONT SIZE=2>To
the Members of<BR>
MV Partners, LLC </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have audited the accompanying statements of historical revenues and direct operating expenses of the Underlying Properties (the "Properties") of MV Partners, LLC (formerly MV
Partners,&nbsp;LP) (the "Partnership") for each of the three years in the period ended December&nbsp;31, 2005. These statements are the responsibility of the Partnership's management. Our
responsibility is to express an opinion on these statements based on our audits. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material misstatement. The Partnership is not required to have, nor were we engaged to perform, an audit of the
Partnership's internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Partnership's internal control over financial reporting. Accordingly, we express no such opinion. An
audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall presentation of the statements. We believe that our audits provide a reasonable basis for our opinion. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
accompanying statements were prepared for the purpose of complying with the rules and regulations of the Securities and Exchange Commission as described in Note&nbsp;B to the
statements and are not intended to be a complete presentation of the Partnership's interests in the Properties. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
our opinion, the statements referred to above present fairly, in all material respects, the historical revenues and direct operating expenses, described in Note&nbsp;B, of the
Properties for each of the three
years in the period ended December&nbsp;31, 2005, in conformity with accounting principles generally accepted in the United States of America. </FONT></P>

<P><FONT SIZE=2>/s/
Grant Thornton LLP<BR>
Grant Thornton LLP </FONT></P>

<P><FONT SIZE=2>Wichita,
Kansas<BR>
August&nbsp;8, 2006 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=106,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=525038,FOLIO='F-2',FILE='DISK131:[06HOU0.06HOU1190]FA1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fa1190_1_3"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fa1190_underlying_properties_statemen__und03566"> </A>
<A NAME="toc_fa1190_2"> </A>
<BR></FONT><FONT SIZE=2><B>Underlying Properties    <BR>    <BR>    STATEMENTS OF HISTORICAL REVENUES<BR>  AND DIRECT OPERATING EXPENSES    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="101%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six months ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Revenues</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Oil sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>34,609,502</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>44,363,815</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>57,353,041</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>25,867,796</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>32,927,863</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Gas sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>561,680</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>570,634</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>608,830</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>229,100</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>314,304</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Natural gas liquid sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>248,479</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>293,948</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>311,916</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>132,540</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>151,297</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Hedge and other derivative activity</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(7,383,262</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(14,402,644</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(22,318,871</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(10,911,701</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(15,586,980</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2>Total revenues</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>28,036,399</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>30,825,753</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>35,954,916</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>15,317,735</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>17,806,484</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Direct operating expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease operating expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>10,155,934</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>10,429,962</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>11,307,182</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>5,237,042</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>5,565,109</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease maintenance</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,334,366</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,453,895</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,916,009</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>583,666</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,051,960</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease overhead</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,047,102</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,014,514</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,068,378</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,016,018</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,097,485</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Production and property tax</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,322,275</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,389,287</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,866,426</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>945,268</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,863,811</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2>Total direct operating expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>14,859,677</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>15,287,658</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>17,157,995</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,781,994</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>9,578,365</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Excess of revenues over direct operating expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>13,176,722</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>15,538,095</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>18,796,921</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,535,741</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>8,228,119</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>The
accompanying notes are an integral part of this statement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=107,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=920652,FOLIO='F-3',FILE='DISK131:[06HOU0.06HOU1190]FA1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fa1190_1_4"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fa1190_underlying_properties_notes_to__und07338"> </A>
<A NAME="toc_fa1190_3"> </A>
<BR></FONT><FONT SIZE=2><B>Underlying Properties    <BR>    <BR>    NOTES TO STATEMENTS OF HISTORICAL REVENUES<BR>  AND DIRECT OPERATING EXPENSES    <BR>    <BR>    For the years ended December&nbsp;31, 2003, 2004 and 2005<BR>  (information for the
six months ended June&nbsp;30, 2005 and 2006 is unaudited)    <BR>    </B></FONT></P>


<P><FONT SIZE=2><B>NOTE A&#151;PROPERTIES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The underlying properties consist of working interests owned by MV Partners, LLC (formerly MV Partners, LP) ("MV") located in Colorado, Kansas and Oklahoma (in
2003 and 2004 only with respect to Oklahoma). </FONT></P>

<P><FONT SIZE=2><B>NOTE B&#151;BASIS OF PRESENTATION  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The accompanying statements of historical revenues and direct operating expenses were derived from the historical accounting records of MV and reflect the
historical revenues and direct operating expenses directly attributable to the underlying properties for the years and periods described herein. Such amounts may not be representative of future
operations. The statements do not include depreciation, depletion and amortization, general and administrative expenses, interest expense or other expenses of an indirect nature. The amounts represent
MV's net interest in the wells. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Historical
financial statements representing financial position, results of operations and cash flows required by generally accepted accounting principles are not presented as such
information is not readily available on an individual property basis and not meaningful to the underlying properties. Accordingly, the statements of historical revenues and direct operating expenses
are presented in lieu of the financial statements required under Rule&nbsp;3-05 of Securities and Exchange Commission Regulation&nbsp;S-X. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
accompanying Statements of Historical Revenues and Direct Operating Expenses included herein were prepared on an accrual basis. Revenue from oil, gas and natural gas liquid sales is
recognized when sold. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
has entered into certain swap and collar agreements to mitigate the effects of fluctuations in the prices of crude oil. These agreements involve the exchange of amounts based on a
fluctuating oil price for amounts based on a fixed oil price over the life of the agreement, without an exchange of the notional amount upon which the payments are based. MV accounts for the swap
agreements as cash flow hedges. The effective portion of the gain or loss on the swap agreement is recorded in earnings as the underlying hedged item affects income. This effective portion, the
ineffective portion of the unrealized gain or loss on the derivative instrument and the change in the unrealized gain (loss) on the collar agreements are reflected as, hedge and other derivative
activity in the accompanying Statements of Historical Revenues and Direct Operating Expenses. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
process of preparing financial statements in conformity with generally accepted accounting principles requires the use of estimates and assumptions regarding certain types of
revenues and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accordingly, upon settlement, actual results may differ from
estimated amounts. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
accompanying Statements of Historical Revenues and Direct Operating Expenses for the six months ended June&nbsp;30, 2005 and 2006 are unaudited. In the opinion of management, such
information contains all adjustments, consisting only of normal recurring accruals, considered necessary for a fair presentation on the basis described above, except that the results of operations for
the six months ended June&nbsp;30, 2006 include a charge for $592,708 that represents ad valorem tax expense for the prior year that was not accrued at December&nbsp;31, 2005.
MV's&nbsp;management does not expect that the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=108,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=507297,FOLIO='F-4',FILE='DISK131:[06HOU0.06HOU1190]FA1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fa1190_1_5"> </A>
<BR>

<P><FONT SIZE=2>correction
of this error will be material to the financial statements for the year ended December&nbsp;31, 2006. </FONT></P>

<P><FONT SIZE=2><B>NOTE C&#151;DISCLOSURES ABOUT OIL AND GAS ACTIVITIES (UNAUDITED)  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The estimates of proved reserves and related valuations were based on the reports of Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc., independent petroleum and
geological engineers, and the contract property management engineering staff of the sole manager of MV, in accordance with the provisions of SFAS No.&nbsp;69, </FONT><FONT SIZE=2><I>Disclosures
about Oil and Gas Producing Activities</I></FONT><FONT SIZE=2>. Users of this information should be aware that the process of estimating quantities of "proved" and "proved developed" natural gas,
natural gas liquids and crude oil reserves is very complex, requiring significant subjective decisions in the evaluation of all available geological, engineering and economic data for each reservoir.
The data for a given reservoir may also change substantially over time as a result of numerous factors, including additional development activity, evolving production history and continual
reassessment of the viability of production under varying economic conditions. Consequently, material revisions to existing reserve estimates occur from time to time. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=109,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=187251,FOLIO='F-5',FILE='DISK131:[06HOU0.06HOU1190]FA1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fa1190_1_6"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
oil and gas reserves are attributable solely to properties within the United States. A summary of the changes in quantities of proved oil, gas and natural gas liquid reserves of the
underlying properties for the years ended December&nbsp;31, 2003, 2004 and 2005 are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="80%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="55%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="14%" ALIGN="CENTER"><FONT SIZE=1><B>Oil<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Gas<BR>
(Mcf)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>NGL<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Balance at January 1, 2003</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>16,472,230</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,552,088</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>143,123</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Revisions of previous estimates</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>307,789</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(910,403</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(26,364</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Extensions and discoveries</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>13,608</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(1,197,847</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(116,122</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(2,734</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Balance at December 31, 2003</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,595,780</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,525,563</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>114,025</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Revisions of previous estimates</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>1,444,657</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(282,855</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(875</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Purchase of minerals in place</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>16,127</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Extensions and discoveries</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>846</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Sales of minerals in place</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(15,448</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(1,126,812</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(103,540</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(4,674</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Balance at December 31, 2004</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,915,150</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,139,168</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>108,476</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Revisions of previous estimates(1)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>3,053,651</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>309,242</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5,492</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Sales of minerals in place</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(5,155</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(1,057,906</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(89,117</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(4,575</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Balance at December 31, 2005</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>17,905,740</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,359,293</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>109,393</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Proved developed reserves:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>December 31, 2003</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>14,913,460</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,348,538</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>114,025</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>December 31, 2004</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,317,009</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,139,168</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>108,476</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>December 31, 2005</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,888,099</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,062,701</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>109,393</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Reserve
revisions in 2005 reflect the increase in crude oil prices during the year which has lengthened the economic life of the underlying properties and thereby increased
recoverable reserves. In addition, in 2005 MV Partners expanded the scope of its maintenance and development project scheduling from a forward range of 24 to 36&nbsp;months to 60&nbsp;months,
which also increased recoverable reserves. This expanded scope reflects management's budgeted project activity over the 60&nbsp;month period commencing January&nbsp;1, 2006. The expanded scope
accommodates additional infield drilling, recompletion and workover projects in the El Dorado Area in addition to 14&nbsp;Bemis infield drilling locations that have been further refined by recent
3-D seismic activity. </FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following information was developed using procedures prescribed by SFAS No.&nbsp;69. The standardized measure of discounted future net cash flows should not be viewed as
representative of the current value of the underlying properties. It and the other information contained in the following </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-6</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>

<!-- ZEQ.=5,SEQ=110,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=440955,FOLIO='F-6',FILE='DISK131:[06HOU0.06HOU1190]FA1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fa1190_1_7"> </A>
<BR>

<P><FONT SIZE=2>tables
may be useful for certain comparative purposes, but should not be solely relied upon in evaluating the underlying properties or their performance. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management
believes that, in reviewing the information that follows, the following factors should be taken into account: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>future
costs and sales prices will probably differ from those required to be used in these calculations;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>actual
rates of production achieved in future years may vary significantly from the rates of production assumed in the calculations;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>a
10% discount rate may not be reasonable as a measure of the relative risk inherent in realizing future net oil and gas reserves; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>income
taxes are not taken into consideration because the Partnership is a pass-thru entity for tax purposes. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the standardized measure, future cash inflows were estimated by applying year-end oil and gas prices, adjusted for location and quality differences, to the estimated
future production of year-end proved reserves. Future cash inflows do not reflect the impact of future production that is subject to open hedge and other derivative positions. Future cash
inflows were reduced by estimated future development, abandonment and production costs based on year-end costs to arrive at net cash flows. Use of a 10% discount rate and
year-end prices and costs are required by SFAS No.&nbsp;69. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
general, management does not rely on the following information in making investment and operating decisions. Such decisions are based upon a wide range of factors, including estimates
of probable and possible as well as proved reserves and varying price and cost assumptions considered more representative of a range of possible economic conditions that may be anticipated. The
standardized measure of discounted future net cash flows relating to proved oil and gas reserves are as follows at December 31: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="93%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Future cash inflows</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>486,589,300</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>669,493,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>1,050,284,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Future costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(247,548,255</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(299,008,800</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(395,987,600</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Development and abandonment</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(3,077,645</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(3,260,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(16,513,600</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Future net cash flows</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>235,963,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>367,224,600</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>637,782,800</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Less effect of 10% discount factor</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(114,627,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(185,616,900</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(333,250,300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Standardized measure of discounted future net cash flows</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>121,336,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>181,607,700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>304,532,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
cash flows as shown above were reported without consideration for the effects of hedge and other derivative transactions outstanding at each period end. If the effects of hedge
and other </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-7</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=111,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=205927,FOLIO='F-7',FILE='DISK131:[06HOU0.06HOU1190]FA1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fa1190_1_8"> </A>
<BR>

<P><FONT SIZE=2>derivative
transactions were included in the computation, then future cash flows would have decreased by $9,816,900, $14,175,700 and $7,655,100 in 2003, 2004 and 2005, respectively. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
changes in standardized measure of discounted future net cash flows relating to proved oil and gas reserves are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="92%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Standardized measure&#151;beginning of year</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>126,210,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>121,336,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>181,607,700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Sales of oil and gas produced, net of production costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(20,559,984</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(29,940,739</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(41,115,792</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Net change in prices and production costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>4,428,376</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>57,356,656</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>94,091,763</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Extensions and discoveries</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>132,238</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>17,355</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Changes in estimated future development costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>330,065</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(349,338</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(11,516,747</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Development costs incurred during the period which reduce future development costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>120,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>165,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Revisions of previous quantity estimates</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,084,814</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>15,933,831</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>53,096,437</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Accretion of discount</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>12,621,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>12,133,640</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>18,160,770</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Purchase of reserves in place</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>146,696</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Sales of reserves in place</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(136,766</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(22,001</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>Changes in production rates and other</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(3,030,109</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>4,944,965</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>10,230,370</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Standardized measure&#151;end of year</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>121,336,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>181,607,700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>304,532,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average
prices in effect at December&nbsp;31, 2003, 2004 and 2005 used in determining future net revenues related to the standardized measure calculation are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="86%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="66%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="66%"><FONT SIZE=2>Oil (per Bbl)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>30.55</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>41.46</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>57.79</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="66%"><FONT SIZE=2>Gas (per Mcf)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>5.00</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>5.18</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>7.89</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="66%"><FONT SIZE=2>NGL (per Bbl)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>21.96</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>34.62</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>43.74</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>F-8</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=112,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=97165,FOLIO='F-8',FILE='DISK131:[06HOU0.06HOU1190]FA1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fc1190_1_9"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fc1190_report_of_independent_r__fc102292"> </A>
<A NAME="toc_fc1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>Report of Independent Registered Public Accounting Firm    <BR>    </B></FONT></P>

<P><FONT SIZE=2>To
the Unitholders of MV Oil Trust: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have audited the accompanying statement of assets and trust corpus of MV Oil Trust (the "Trust") as of August&nbsp;11, 2006. This financial statement is the responsibility of the MV
Partners, LLC's management. Our responsibility is to express an opinion on this financial statement based on our audit. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the statement of assets and trust corpus is free of material misstatement. The Trust is not required to have, nor were we engaged to perform, an audit of its
internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting. Accordingly, we express no such opinion. An audit also
includes examining, on a test basis, evidence supporting the amounts and disclosures in the statement of assets and trust corpus, assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall statement of assets and trust corpus presentation. We believe that our audit provides a reasonable basis for our opinion. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
described in Note&nbsp;B to the statement of assets and trust corpus, this statement has been prepared on a cash basis of accounting, which is a comprehensive basis of accounting
other than accounting principles generally accepted in the United States of America. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
our opinion, the statement of assets and trust corpus referred to above presents fairly, in all material respects, the financial position of the Trust as of August&nbsp;11, 2006, on
the basis of accounting described in Note&nbsp;B. </FONT></P>

<P><FONT SIZE=2>/s/
Grant Thornton LLP<BR>
Grant Thornton LLP </FONT></P>

<P><FONT SIZE=2>Wichita,
Kansas<BR>
August&nbsp;11, 2006 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-9</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=113,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=1025184,FOLIO='F-9',FILE='DISK131:[06HOU0.06HOU1190]FC1190A.;22',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fc1190_1_10"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fc1190_mv_oil_trust_statement_of_asse__mv_02362"> </A>
<A NAME="toc_fc1190_2"> </A>
<BR></FONT><FONT SIZE=2><B>MV OIL TRUST    <BR>    <BR>    STATEMENT OF ASSETS AND TRUST CORPUS    <BR>    <BR>    August&nbsp;11, 2006    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=4 ALIGN="CENTER"><FONT SIZE=2><B>ASSETS</B></FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="88%"><FONT SIZE=2><BR>
Cash</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2><BR>
1,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="88%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=4 ALIGN="CENTER"><BR><FONT SIZE=2><B>TRUST CORPUS</B></FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="88%"><FONT SIZE=2><BR>
Trust Corpus</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2><BR>
1,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="88%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>The
accompanying notes are an integral part of this financial statement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-10</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=114,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=449589,FOLIO='F-10',FILE='DISK131:[06HOU0.06HOU1190]FC1190A.;22',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fc1190_1_11"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fc1190_mv_oil_trust_notes_to_s__fc102539"> </A>
<A NAME="toc_fc1190_3"> </A>
<BR></FONT><FONT SIZE=2><B>MV Oil Trust    <BR>    <BR>    NOTES TO STATEMENT OF ASSETS AND TRUST CORPUS    <BR>    </B></FONT></P>


<P><FONT SIZE=2><B>NOTE A&#151;ORGANIZATION OF THE TRUST  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Oil Trust (the "Trust") is a statutory trust formed on August&nbsp;3, 2006, under the Delaware Statutory Trust Act pursuant to a Trust Agreement (the "Trust
Agreement") among MV Partners, LLC ("MV Partners") as trustor, The Bank of New York Trust Company, N.A., as Trustee (the "Trustee"), and Wilmington Trust Company, as Delaware Trustee (the "Delaware
Trustee"). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Trust was created to acquire and hold a term net profits interest for the benefit of the Trust unitholders pursuant to a conveyance from MV Partners to the Trust. The term net
profits interest is an interest in underlying properties consisting of MV Partner's net interests in all of its oil and natural gas properties located in the Mid-Continent region in the
states of Kansas and Colorado (the "underlying properties"). These oil and gas properties include approximately 985 producing oil and gas wells. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
net profits interest is passive in nature and the trustee will have no management control over and no responsibility relating to the operation of the underlying properties. The net
profits interest entitles the Trust to receive 80% of the net proceeds attributable to MV Partners' interest from the sale of
production from the underlying properties. The net profits interest will terminate on the later to occur of (1)&nbsp;June&nbsp;30, 2026 or (2)&nbsp;the time when 14.4&nbsp;million barrels of
oil equivalent have been produced from the underlying properties and sold, and the Trust will soon thereafter wind up its affairs and terminate. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Trustee can authorize the Trust to borrow money to pay trust administrative or incidental expenses that exceed cash held by the Trust. The Trustee may authorize the Trust to borrow
from the Trustee or the Delaware Trustee as a lender provided the terms of the loan are similar to the terms it would grant to a similarly situated commercial customer with whom it did not have a
fiduciary relationship. The Trustee may also deposit funds awaiting distribution in an account with itself and make other short term investments with the funds distributed to the Trust. </FONT></P>


<P><FONT SIZE=2><B>NOTE B&#151;TRUST ACCOUNTING POLICIES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary of the significant accounting policies of the Trust follows. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2><I>Basis of accounting</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Trust uses the cash basis of accounting to report Trust receipts of the term net profits interest, receipts under the hedge and other derivative contracts and payments of expenses
incurred. The term net profits interest is revenues (oil, gas and natural gas liquid sales net of any payments made in connection with the settlement of the hedge and other derivative contracts) less
direct operating expenses (lease operating expenses, lease maintenance, lease overhead, and production and property taxes) and an adjustment for lease equipment cost and lease development expenses
(which are capitalized in GAAP financial statements) of the underlying properties times 80% (term net pofits interest percentage). In addition, the trust will be entitled to receive 80% of all
payments received by MV Partners upon settlement of the hedge and other derivative contracts. Actual cash receipts may vary due to timing delays of actual cash receipts from the property operators or
purchasers and due to wellhead and pipeline volume balancing agreements or practices. The actual cash distributions of the Trust will be made based on the terms of the conveyance creating the Trust's
net profits interest which is on a cash basis of accounting. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization
of the investment in net profits interest calculated on a unit-of-production basis is charged directly to trust corpus. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-11</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=115,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=124636,FOLIO='F-11',FILE='DISK131:[06HOU0.06HOU1190]FC1190A.;22',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fc1190_1_12"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
comprehensive basis of accounting other than GAAP corresponds to the accounting permitted for royalty trusts by the U.S. Securities and Exchange Commission as specified by Staff
Accounting Bulletin Topic 12:E, Financial Statements of Royalty Trusts. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment
in the net profits interest is periodically assessed to determine whether its aggregate value has been impaired below its total capitalized cost based on the underlying
properties. The Trust will provide a write-down to its investment in the net profits interest to the extent that total capitalized costs, less accumulated depreciation, depletion and
amortization, exceed undiscounted future net revenues attributable to the proved oil and gas reserves of the underlying properties. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2><I>Use of estimates</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
preparation of the financial statements requires the Trust to make estimates and assumptions that affect the reported amount of assets and liabilities and the reported amounts of
revenues and expenses during the reporting period. Actual results could differ from those estimates. </FONT></P>


<P><FONT SIZE=2><B>NOTE C&#151;INCOME TAXES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax counsel to the Trust advised the Trust at the time of formation that, under then current tax laws, the net profits interest should be treated as a debt
instrument for federal income tax purposes, and the Trust should be required to treat a portion of each payment it receives with respect to the net profits interest as interest income in accordance
with the "noncontingent bond method" under the original issue discount rules contained in the Internal Revenue Code of 1986, as amended and the corresponding regulations. The Trust will be treated as
a grantor trust for federal income tax purposes. Trust unitholders will be considered to own and receive the trust's assets and income and will be directly taxable thereon as if no trust were in
existence. </FONT></P>

<P><FONT SIZE=2><B>NOTE D&#151;DISTRIBUTIONS TO UNITHOLDERS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee determines for each quarter the amount available for distribution to the Trust unitholders. This distribution is expected to be made on or before the
25th day of the month following the end of each quarter to the Trust unitholders of record on the 15th day of the month following the end of each quarter (or the next succeeding business day). Such
amounts will be equal to the excess, if any, of the cash received by the Trust during the preceeding quarter, over the liabilities of the Trust paid during
such quarter, subject to adjustments for changes made by the Trustee during such quarter in any cash reserves established for future liabilities of the Trust. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-12</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=116,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=402125,FOLIO='F-12',FILE='DISK131:[06HOU0.06HOU1190]FC1190A.;22',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fe1190_1_13"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fe1190_mv_oil_trust_unaudited___fe102286"> </A>
<A NAME="toc_fe1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>MV Oil Trust    <BR>    <BR>    UNAUDITED PRO FORMA FINANCIAL INFORMATION    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following unaudited pro forma statement of assets and trust corpus and unaudited pro forma statements of distributable income for the Trust have been prepared
to illustrate the conveyance of the term net profits interest in the underlying properties to the Trust by MV Partners, LLC. The unaudited pro forma statement of assets and trust corpus presents the
beginning statement of assets and trust corpus of the Trust as of June&nbsp;30, 2006, giving effect to the net profits interest conveyance as if it occurred on June&nbsp;30, 2006. The unaudited
pro forma statements of distributable income for the year ended December&nbsp;31, 2005 and the six months ended June&nbsp;30, 2006, give effect to the net profits interest conveyance as if it
occurred on January&nbsp;1, 2005, reflecting only pro forma adjustments expected to have a continuing impact on the combined results. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
unaudited pro forma financial statements are for informational purposes only. They do not purport to present the results that would have actually occurred had the net profits
interest conveyance been completed on the assumed dates or for the periods presented, or which may be realized in the future. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
produce the pro forma financial information, management made certain estimates. The accompanying unaudited pro forma statement of assets and trust corpus assumes a June&nbsp;30,
2006 issuance of 11,500,000 trust units at $20.00 per unit. The accompanying unaudited pro forma statements of distributable income for the year ended December&nbsp;31, 2005 and the six months ended
June&nbsp;30, 2006 have been prepared assuming trust formation and net profits interest conveyance on January&nbsp;1,&nbsp;2005. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
estimates are based on the most recently available information. To the extent there are significant changes in these amounts, the assumptions and estimates herein could change
significantly. The unaudited pro forma statement of assets and trust corpus and unaudited pro forma statements of distributable income should be read in conjunction with "Management's Discussion and
Analysis of Financial Condition and Results of Operations of MV Partners, LLC" and the historical audited statements of the Trust, MV Partners, LLC and the Underlying Properties, including the related
notes, included in this prospectus and elsewhere in the registration statement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-13</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=117,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=259198,FOLIO='F-13',FILE='DISK131:[06HOU0.06HOU1190]FE1190A.;24',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fe1190_1_14"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fe1190_mv_oil_trust_unaudited_pro_for__mv_03080"> </A>
<A NAME="toc_fe1190_2"> </A>
<BR></FONT><FONT SIZE=2><B>MV Oil Trust    <BR>    <BR>    Unaudited Pro Forma Statement of Assets and Trust Corpus    <BR>    <BR>    June&nbsp;30, 2006    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="87%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="47%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Historical</B></FONT><HR NOSHADE></TH>
<TH WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Adjustments</B></FONT><HR NOSHADE></TH>
<TH WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Pro Forma</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="47%"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=10 ALIGN="CENTER"><BR><FONT SIZE=2><B>ASSETS</B></FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2><BR>
Cash</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&#151;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
1,000</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>(a)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
1,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2>Investment in the Net Profits Interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>18,771,568</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>(b)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>18,771,568</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>18,772,568</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>18,772,568</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=10 ALIGN="CENTER"><BR><FONT SIZE=2><B>TRUST CORPUS</B></FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2><BR>
11,500,000 Trust Units Issued and Outstanding</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&#151;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
18,772,568</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
18,772,568</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>The
accompanying notes are an integral part of the unaudited pro forma financial information. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-14</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=118,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=894530,FOLIO='F-14',FILE='DISK131:[06HOU0.06HOU1190]FE1190A.;24',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fe1190_1_15"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fe1190_mv_oil_trust_unaudited_pro_for__mv_04806"> </A>
<A NAME="toc_fe1190_3"> </A>
<BR></FONT><FONT SIZE=2><B>MV Oil Trust    <BR>    <BR>    Unaudited Pro Forma Statements Of Distributable Income    <BR>    <BR>    For the year ended December&nbsp;31, 2005 and six months ended June&nbsp;30, 2006    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="85%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December&nbsp;31, 2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Six months ended June&nbsp;30, 2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><B>Historical results</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Income from the net profits interest and hedge and other derivative activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>13,216,968</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>5,943,691</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><B>Pro Forma Adjustments</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Less trust general and administative expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>60,000</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>(c)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>30,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Distributable income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>13,156,968</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>5,913,691</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Distributable income per unit</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1.14</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>0.51</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>The
accompanying notes are an integral part of the unaudited pro forma financial information. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-15</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=119,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=57918,FOLIO='F-15',FILE='DISK131:[06HOU0.06HOU1190]FE1190A.;24',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fe1190_1_16"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fe1190_mv_oil_trust_notes_to_unaudite__mv_02625"> </A>
<A NAME="toc_fe1190_4"> </A>
<BR></FONT><FONT SIZE=2><B>MV Oil Trust    <BR>    <BR>    NOTES TO UNAUDITED PRO FORMA FINANCIAL INFORMATION    <BR>    </B></FONT></P>


<P><FONT SIZE=2><B>NOTE A&#151;BASIS OF PRESENTATION  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Oil Trust (the "Trust") will own a term net profits interest in oil and gas producing properties located in Kansas and Colorado and owned by MV Partners, LLC.
("MV Partners"). The term net profits interest entitles the Trust to receive 80% of the net proceeds attributable to MV Partners' interest from the sale of production from these properties. The net
profits interest will terminate on the later to occur of (1)&nbsp;June&nbsp;30, 2026 or (2)&nbsp;the time when 14.4&nbsp;million barrels of oil equivalent have been produced from the
underlying properties and sold, and the Trust will soon thereafter wind up its affairs and terminate. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
unaudited pro forma financial information assumes the issuance of 11,500,000 trust units at $20.00 per unit. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Trust was formed on August&nbsp;3, 2006 under Delaware law to acquire and hold the net profits interest for the benefit of the holders of the trust units. The net profits interest
is passive in nature and the trustee will have no management control over and no responsibility relating to the operation of the underlying properties. </FONT></P>


<P><FONT SIZE=2><B>NOTE B&#151;TRUST ACCOUNTING POLICIES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These Unaudited Pro Forma Statements were prepared using the accrual basis information from the historical revenue and direct operating expenses of the underlying
properties. The Trust uses the cash basis of accounting to report Trust receipts of the term net profits interest and payments of expenses incurred. Actual cash receipts may vary due to timing delays
of actual cash receipts from the property operators or purchasers and due to wellhead and pipeline volume balancing agreements or practices. The actual cash distributions of the Trust will be made
based on the terms of the conveyance creating the Trust's net profits interest which is on a cash basis of accounting. An adjustment is made for the lease equipment cost and lease development expenses
which will reduce the cash distributions but are not shown as expenses on the accrual basis historical data. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment
in the net profits interest is recorded initially at the historic cost of MV&nbsp;Partners and periodically assessed to determine whether its aggregate value has been
impaired below its total capitalized cost based on the underlying properties. The Trust will provide a write-down to its investment in the net profits interest to the extent that total
capitalized costs, less accumulated depreciation, depletion and amortization, exceed undiscounted future net revenues attributable to the proved oil and gas reserves of the underlying properties. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners believes that the assumptions used provide a reasonable basis for presenting the significant effects directly attributable to this transaction. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
unaudited pro forma financial information should be read in conjunction with the Statement of Historical Revenues and Direct Operating Costs for Underlying Properties and related
notes for the periods presented. </FONT></P>

<P><FONT SIZE=2><B>NOTE C&#151;INCOME TAXES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trust is a Delaware statutory trust and is not required to pay federal or state income taxes. Accordingly, no provision for Federal or state income taxes has
been made. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-16</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=120,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=445289,FOLIO='F-16',FILE='DISK131:[06HOU0.06HOU1190]FE1190A.;24',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<A NAME="page_fe1190_1_17"> </A>
<BR>

<P><FONT SIZE=2><B>NOTE D&#151;INCOME FROM NET PROFITS INTEREST AND HEDGE AND OTHER DERIVATIVE ACTIVITIES  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="74%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="58%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Year ended<BR>
December 31,<BR>
2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Six months<BR>
ended<BR>
June&nbsp;30,<BR>
2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="58%"><FONT SIZE=2>Excess of revenues over direct operating expenses of Underlying Properties including hedge and other derivative activity</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>18,796,921</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>8,228,119</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="58%"><FONT SIZE=2>Lease equipment and development costs(1)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>2,275,711</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>798,505</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="58%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="58%"><FONT SIZE=2>Excess of revenues over direct operating expenses and lease equipment and development costs</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>16,521,210</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,429,614</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="58%"><FONT SIZE=2>Times net profits interest over the term of the Trust</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="58%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="58%"><FONT SIZE=2>Income from net profits interest and hedge and other derivative activities</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>13,216,968</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5,943,691</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="58%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Per
terms of the net profits interest, lease equipment and development costs are to be deducted when calculating the distributable income to the Trust. </FONT></DD></DL>

<P><FONT SIZE=2><B>NOTE E&#151;PRO FORMA ADJUSTMENTS  </B></FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>To
record the capitalization of the Trust which occurred on August&nbsp;11,&nbsp;2006.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>To
record the conveyance of the net profits interest to the Trust in exchange for 11,500,000 trust units.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>The
net profits interest is recorded at the historical cost of MV&nbsp;Partners and is calculated as follows: </FONT></DD></DL>
</UL>
<BR>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="56%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=2>Oil and gas properties</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="21%" ALIGN="RIGHT"><FONT SIZE=2>93,374,013</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=2>Accumulated depreciation and depletion</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="21%" ALIGN="RIGHT"><FONT SIZE=2>(39,058,702</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=2>Hedge liability</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="21%" ALIGN="RIGHT"><FONT SIZE=2>(30,850,851</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=2>Net property value to be conveyed</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="21%" ALIGN="RIGHT"><FONT SIZE=2>23,464,460</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=2>Times 80% net profits interest to Trust</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="21%" ALIGN="RIGHT"><FONT SIZE=2>18,771,568</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD><FONT SIZE=2>The
Trust will pay an annual administrative fee to MV Partners, which fee will total $60,000 in 2006 and will increase by 4% each year beginning in January&nbsp;2007.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>Additionally,
the Trust estimates incurring $600,000 annually for general and administrative expenses, which includes the annual fee to the Trustees, legal
fees, accounting fees, engineering fees, printing costs and other expenses properly chargeable to the Trust. If the estimated expenses were included in the unaudited pro forma statements of
distributable income, the distributable income would be $12,556,968, or $1.09 per unit for the year ended December&nbsp;31, 2005, and $5,613,691, or $0.49 per unit for the six months ended
June&nbsp;30, 2006. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>F-17</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=121,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=605139,FOLIO='F-17',FILE='DISK131:[06HOU0.06HOU1190]FE1190A.;24',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<UL>
<UL>
</UL>
</UL>
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_fi1190_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fi1190_information_about_mv_partners,_llc"> </A>
<A NAME="toc_fi1190_1"> </A></FONT> <FONT SIZE=2><B>INFORMATION ABOUT<BR>  MV PARTNERS, LLC    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>The trust units are not interests in or obligations of<BR>
MV Partners, LLC</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=122,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=891164,FOLIO='MV-1',FILE='DISK131:[06HOU0.06HOU1190]FI1190A.;5',USER='JGRINER',CD=';6-NOV-2006;21:21' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fk1190_1_2"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fk1190_business_of_mv_partners"> </A>
<A NAME="toc_fk1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>BUSINESS OF MV PARTNERS    <BR>    </B></FONT></P>


<P><FONT SIZE=2><B>General  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners is a privately-held limited liability company engaged in the development and production of established oil and natural gas properties in
the Mid-Continent region that are primarily located in Kansas. MV Partners was formed in August&nbsp;2006 as a result of the conversion of MV Partners, LP to a limited liability company.
MV Partners, LP was formed in 1998 to acquire oil and natural gas properties and related assets that were located in Kansas and eastern Colorado from a major oil and gas company. These properties
constitute the substantial portion of the underlying properties. MV Partners acquired the remainder of the underlying properties in 1999 from a large independent oil and gas company. MV Energy, which
was also formed in 1998, serves as the sole manager of MV Partners and was previously the general partner of MV Partners, LP until its conversion into a limited liability company in
August&nbsp;2006. The acquisition of the underlying properties by MV Partners was originally financed by a large venture capital group, which served as a limited partner of MV Partners until
September&nbsp;2005. In September&nbsp;2005, MV Partners used bank financing to make distributions to MV Energy and VAP-I to repurchase the limited partner interests held by that large
venture capital group. MV Energy is owned equally by Vess Acquisition Group, L.L.C. and Murfin,&nbsp;Inc. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners is principally engaged in the development, redevelopment and production of existing wells in established fields, as well as drilling new wells in established fields. The
operating agreement of MV Partners requires that it engage only in specified lines of business, including acquiring and maintaining oil and natural gas leases and related mineral interests, producing
and marketing oil and natural gas, entering into hedging arrangements and other derivatives and engaging in related activities. The operating agreement further prohibits MV Partners from acquiring gas
plants, refining or transportation facilities or engaging in contract drilling. In order to help ensure MV Partners' continued focus on operating and developing the underlying properties in an
efficient and cost-effective manner, the parties to the operating agreement have agreed to grant the trust the right to enforce the restrictions contained in this agreement as to which
lines of business MV Partners may engage in. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the terms of the operating agreement of MV Partners, Vess Oil and Murfin Drilling operate on a contract basis the properties held by MV Partners for which MV Partners is designated
as the
operator. Murfin Drilling is a wholly owned subsidiary of Murfin,&nbsp;Inc. and Vess Oil is an affiliate of Vess Acquisition Group, L.L.C. Vess Oil and Murfin Drilling collectively manage the
operations of approximately 96% of the oil and natural gas properties of MV Partners, based on the discounted present value of estimated future net revenues. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
asset portfolio of MV Partners consists mostly of properties in well-established fields, some of which were discovered as early as 1915. Consequently, production rates
from these mature wells have declined significantly since their first discovery as the recoverable oil and natural gas supply has been produced. In order to maximize the value of its assets, MV
Partners has successfully undertaken development programs that have reduced the natural decline of the production from these fields. These developing programs have included various developmental
drilling and re-entry programs, well workover programs, waterflood programs and recompletion programs that are tailored to realize the exploitation potential of each field. As a result of
the development programs instituted by MV Partners, the average annual decline rate of the proved developed producing reserves attributable to the underlying properties since 2000 has been 4.0%. </FONT></P>


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners has also utilized modern, commercially available techniques and technologies to more completely develop the reserves attributable to the underlying properties. MV Partners is
utilizing 3-D seismic technology to further refine development well locations based on traditional subsurface mapping. In addition to using 3-D seismic technology, MV Partners
is working on other programs to use developing technology such as its work with the Petroleum Technology Transfer Council concerning

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=123,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=330040,FOLIO='MV-2',FILE='DISK131:[06HOU0.06HOU1190]FK1190A.;28',USER='KBLACKW',CD=';8-NOV-2006;12:56' -->
<A NAME="page_fk1190_1_3"> </A>
<BR>

<P><FONT SIZE=2>


the application of gelled polymers in certain reservoirs to increase oil production and reduce water production, its work with the Department of Energy studying the injection of carbon dioxide to
recover oil otherwise lost in the production process and gas gun stimulation technology.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
order to allow the trust unitholders to more fully realize the benefits of any capital expenditures made with respect to the underlying properties, MV Partners has agreed to limit the
amount of capital expenditures that may be taken into account in calculating net proceeds attributable to the net profits interest during a specified period preceding the termination of the net
profits interest. See "Computation of Net Proceeds&#151;Net Profits Interest." </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vess
Oil is an independent oil and gas operating company and, according to the 2005 Kansas Geological Survey, is the largest operator of oil in Kansas. From its inception, Vess Oil has
focused on acquiring, developing, and managing oil and natural gas properties in Kansas. Initially focused on exploration activities, Vess Oil has for the past ten years concentrated on acquisitions
in addition to the development and exploitation of its existing reserve base. Vess Oil currently operates over 1,200 oil, natural gas and service wells located primarily in Kansas, with growing
operations in Texas. As of June&nbsp;1, 2006, Vess Oil employed 12 full time employees, five contract professionals and 40 contract personnel in its Wichita office and in five field and satellite
offices. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Murfin
Drilling is an independent oil and gas operation company and, according to the 2005 Kansas Geological Survey, is the third-largest oil operator in Kansas. A family-owned business
originally formed in El Dorado, Kansas in 1926 and incorporated in 1990, Murfin Drilling has expanded in the past 80&nbsp;years into the greater western Kansas area, southwest Nebraska, eastern
Colorado and the Oklahoma Panhandle. Murfin Drilling balances exploration and production management and exploitation and acquisitions with contract drilling and well service operations. Murfin
Drilling currently operates approximately 800 producing and service wells nationwide. In addition to being a major oil and gas producer and operator, Murfin Drilling also provides oilfield services,
including drilling services, well servicing and rig transportation services in western Kansas, southwest Nebraska, southeastern Colorado and the Oklahoma Panhandle. As of June&nbsp;30, 2006, Murfin
Drilling employed approximately 275 employees that work from its headquarters in Wichita, Kansas, or its five field offices in Kansas. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>The trust units do not represent interests in, or obligations of, MV Partners.</B></FONT></P>

<P><FONT SIZE=2><B>Business and Properties of MV Partners  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The underlying properties consist of all of the oil and natural gas properties of MV Partners. Therefore, all information set forth in the prospectus related to
the reserves and operations of the underlying properties are the same as the information that would be set forth for MV Partners. </FONT></P>

<P><FONT SIZE=2><B>Management of MV Partners  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners does not currently have any executive officers, directors or employees. Instead, MV Partners is managed by an executive management team consisting of
certain officers and employees of Vess Oil and Murfin Drilling.

 </FONT>

</P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None of the members of the executive management team receive compensation from the trust or MV&nbsp;Partners. Instead, MV Partners pays an overhead fee to Vess Oil and Murfin Drilling
to operate the underlying properties on behalf of MV Partners. The operating activities include various engineering, accounting and administrative functions, primarily at the field level. The fee is
based on a monthly charge per active operated well and is payable to the entity that operates the particular well on behalf of MV Partners. In 2005, the aggregate overhead fee paid to Vess Oil and
Murfin Drilling was approximately $2.1&nbsp;million. The fee is adjusted annually and will increase or decrease each year based on changes in the year-end index of average weekly
earnings of crude petroleum and natural gas

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=124,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=559607,FOLIO='MV-3',FILE='DISK131:[06HOU0.06HOU1190]FK1190A.;28',USER='KBLACKW',CD=';8-NOV-2006;12:56' -->
<A NAME="page_fk1190_1_4"> </A>
<BR>

<P><FONT SIZE=2>


workers. In addition, MV Partners pays a monthly administrative services fee to MV Energy for certain corporate administrative and accounting services arranged by MV Energy. Most of these services are
performed on behalf of MV Energy by Murfin Drilling and, therefore, MV Energy transmits the entire administrative services fee to Murfin Drilling. The fee is currently $5,000 per month and will
increase by 4% each year commencing in January&nbsp;2007. MV Partners, MV Energy, Vess Oil and Murfin Drilling do not separately allocate or accrue compensation expense for the services performed by
employees of Vess Oil or Murfin Drilling on behalf of MV Partners or MV Energy, and their compensation from Vess Oil or Murfin Drilling, as the case may be, is not directly related to the services
they perform on behalf of MV Partners or MV Energy. Vess Oil and Murfin Drilling are not contractually obligated to provide the corporate administrative and accounting services on behalf of MV
Partners or MV Energy other than the operation of the underlying properties, and MV Partners and MV Energy may contract for the provision of the corporate administrative and accounting services from
other parties at any time. Furthermore, none of the members of the executive management team are contractually obligated to continue performing services on behalf of MV Partners and neither Vess Oil
nor Murfin Drilling are contractually obligated to make their employees available to perform such services.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Set
forth in the table below are the names, ages, function performed on behalf of MV Partners and employer of the members of the executive management team of MV Partners: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="67%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="35%" ALIGN="LEFT"><FONT SIZE=1><B>Name<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="5%" ALIGN="CENTER"><FONT SIZE=1><B>Age</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="30%" ALIGN="CENTER"><FONT SIZE=1><B>Position with MV Partners</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="20%" ALIGN="CENTER"><FONT SIZE=1><B>Employer</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2>J. Michael Vess</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>55</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>Co-Chief Executive Officer</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2>Vess Oil</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
David L. Murfin</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
54</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Co-Chief Executive Officer</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Murfin&nbsp;Drilling</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
Richard J. Koll</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
56</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Chief Financial Officer</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Vess Oil</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
William R. Horigan</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
56</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Vice&nbsp;President&#151;Operations</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Vess Oil</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
Brian Gaudreau</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
51</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Vice President&#151;Land</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Vess Oil</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
Jerry Abels</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
79</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Vice President&#151;Land</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Murfin Drilling</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
Robert D. Young</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
65</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Treasurer</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Murfin Drilling</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="35%"><FONT SIZE=2><BR>
Richard W. Green</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
64</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><BR>
Controller</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="20%"><FONT SIZE=2><BR>
Murfin Drilling</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Executive Management from Vess Oil  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B><I>J. Michael Vess</I></B></FONT><FONT SIZE=2> is the President, Chief Executive Officer and principal owner of Vess Oil and is the managing
member of Vess Acquisition Group, L.L.C. Mr.&nbsp;Vess co-founded Vess Oil in 1979 and continues to be responsible for the coordination and supervision of exploration and production and
the acquisition of its oil and natural gas reserves. Mr.&nbsp;Vess received a Bachelor of Business Administration degree from Wichita State University in 1972 and subsequently received his CPA
certificate. Mr.&nbsp;Vess currently serves on the Board of Directors and Executive Committees for the Kansas Independent Oil and Gas Association ("KIOGA") and is the current Chairman of the KIOGA
Committee on Electricity. He is also a member of the Interstate Oil and Gas Compact Commission Outreach Committee. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Richard J. Koll</I></B></FONT><FONT SIZE=2> is the Financial Manager for Vess Oil where he oversees administrative and accounting matters. Mr.&nbsp;Koll has held
his current position since he joined Vess Oil in 1992. Mr.&nbsp;Koll received a Bachelor of Business Administration degree in Accounting from Wichita State University in 1972 and subsequently
received his CPA certificate. He is currently the Chairman of the KIOGA Committee on Ad Valorem Taxes and also serves on the Board of Directors and Executive Committee for KIOGA. He is a member of the
Kansas Society of Certified Public Accountants and the American Institute of Certified Public Accountants. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=125,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=262903,FOLIO='MV-4',FILE='DISK131:[06HOU0.06HOU1190]FK1190A.;28',USER='KBLACKW',CD=';8-NOV-2006;12:56' -->
<A NAME="page_fk1190_1_5"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>William R. Horigan</I></B></FONT><FONT SIZE=2> is the Vice President of Operations for Vess Oil where he is responsible for the engineering, enhancement and
exploitation of its existing properties as well as the engineering analysis and evaluation of its future reserve acquisitions. Mr.&nbsp;Horigan joined Vess Oil in 1988 as Operations Manager. Prior
to joining Vess Oil, Mr.&nbsp;Horigan served in various petroleum engineering capacities for Amoco Production Company beginning in 1975. Mr.&nbsp;Horigan graduated from the University of Kansas in
1974 with a Bachelor of Science degree in Chemical Engineering. Mr.&nbsp;Horigan is a member of the Society of Petroleum Engineers and serves on the Executive Board for the Wichita Section. He is
also a member of the Producers Advisory Group and Petroleum Technology Transfer Council of the North Mid-Continent Region. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Brian Gaudreau</I></B></FONT><FONT SIZE=2> is the Vice President of Land for Vess Oil where he is responsible for land, contracts and acquisitions.
Mr.&nbsp;Gaudreau joined Vess Oil in 2002 as Vice President, Land and Acquisitions. Prior to joining Vess Oil, he held the title of Manager, Land and Acquisitions for Stelbar Oil
Corporation,&nbsp;Inc. beginning in 1989. Mr.&nbsp;Gaudreau graduated from the University of Kansas in 1977 with a Bachelors degree in Economics. Mr.&nbsp;Gaudreau belongs to the American
Association of Professional Landmen and the Dallas Acquisitions, Divestitures, and Mergers Energy Forum and is the current Secretary of KIOGA. </FONT></P>

<P><FONT SIZE=2><B>Executive Management from Murfin Drilling  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B><I>David L. Murfin</I></B></FONT><FONT SIZE=2> is the President of Murfin Drilling and the Chairman and Chief Executive Officer of
Murfin,&nbsp;Inc. Mr.&nbsp;Murfin has held his positions at Murfin Drilling and Murfin,&nbsp;Inc. since 1992 and 1998, respectively. Mr.&nbsp;Murfin received degrees in Mechanical Engineering
and Business Administration from the University of Kansas in 1975. Mr.&nbsp;Murfin has previously served as National Chairman of the Liaison Committee of Cooperating Oil&nbsp;&amp; Gas Associations,
President of the KIOGA, a Regional Vice President of the Texas Independent Producers and Royalty Owners Association, and a member of the Executive Committee of the Board of Directors of the
International Association of Drilling Contractors. Mr.&nbsp;Murfin currently serves on the Board of Directors of the Independent Petroleum Association of America and on the National Petroleum
Council. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Jerry Abels</I></B></FONT><FONT SIZE=2> is Land Manager for Murfin Drilling where he is responsible for land and contracts. Mr.&nbsp;Abels has held his position at
Murfin Drilling since 1979. Prior to joining Murfin Drilling, he was involved in his own oilfield equipment and exploration business. Mr.&nbsp;Abels received a degree in Business from the University
of Texas in 1951. Mr.&nbsp;Abels is a CPLM, Certified Petroleum Landman, and has served on the National Board of the AAPL, American Association of Petroleum Landmen. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Richard W. Green</I></B></FONT><FONT SIZE=2> is the Controller of Murfin Drilling. After receiving his Masters in Science Accounting in 1971 from Wichita State
University, Mr.&nbsp;Green spent eight years in public accounting with Peterson, Peterson and Goss CPA's. Mr.&nbsp;Green joined Murfin Drilling as Assistant Controller in 1980. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Robert D. Young</I></B></FONT><FONT SIZE=2> is the Treasurer and Chief Financial Officer of Murfin Drilling and the Chief Financial Officer of Murfin,&nbsp;Inc.
After receiving a Bachelor of Business Administration degree in Accounting from Wichita State University in 1965, Mr.&nbsp;Young began his career in 1965 with Peterson, Peterson and Goss CPA's.
Mr.&nbsp;Young joined Murfin Drilling as Controller and financial advisor to the sole owner of the company in 1974. Mr.&nbsp;Young is currently serving on the Board of Directors and is Treasurer
of the Petroleum Club of Wichita and is a member of the Kansas Society of Certified Public Accountants and the American Institute of Certified Public Accountants. </FONT></P>

<P><FONT SIZE=2><B>Litigation  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners is not currently involved in any material litigation. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=126,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=540165,FOLIO='MV-5',FILE='DISK131:[06HOU0.06HOU1190]FK1190A.;28',USER='KBLACKW',CD=';8-NOV-2006;12:56' -->
<A NAME="page_fk1190_1_6"> </A>
<BR>

<P><FONT SIZE=2><B>Indemnification  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the operating agreement of MV Partners and subject to specified limitations, MV Energy is not liable, responsible or accountable in damages or otherwise to
MV Partners or its members for, and MV Partners will indemnify and hold harmless MV Energy from any costs, expenses, losses or damages (including attorneys' fees and expenses, court costs, judgments
and amounts paid in settlement) incurred by reason of its being the sole manager of MV Partners. </FONT></P>

<P><FONT SIZE=2><B>Related Party Transactions  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vess Oil, which is controlled by Mr.&nbsp;Michael Vess, and Murfin Drilling, which is controlled by Mr.&nbsp;Dave Murfin, operate the underlying properties on
a contract operator basis for which MV Partners is designated as the operator. Under the terms of the operating arrangement among MV Partners, Vess Oil and Murfin Drilling, all expenses of Vess Oil
and Murfin Drilling incurred on behalf of MV Partners are paid by MV Partners at the cost incurred. Below is a summary of the transactions that occurred between MV Partners and the operators: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="92%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="43%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year Ended December&nbsp;31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six&nbsp;Months&nbsp;Ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="43%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="43%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=14 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="43%"><FONT SIZE=2>Lease operating expense incurred</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>12,802</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>12,908</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>13,966</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>7,260</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>8,412</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="43%"><FONT SIZE=2>Capitalized lease equipment and producing leaseholds cost incurred</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,005</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,277</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,863</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>727</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>582</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="43%"><FONT SIZE=2>Payment of well development costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>172</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>297</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>381</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>299</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>46</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="43%"><FONT SIZE=2>Payment of management fees</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>60</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>60</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>60</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>30</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>30</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="43%"><FONT SIZE=2>Sale of natural gas</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>554</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>549</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>543</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>220</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>302</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="43%"><FONT SIZE=2>Purchase of working interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>71</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
is customary in the oil and natural gas industry, MV Partners pays an overhead fee to Vess Oil and Murfin Drilling to operate the underlying properties on behalf of MV Partners. The
operating activities include various engineering, accounting and administrative functions. The fee is based on a monthly charge per active operated well, which totaled $2.1&nbsp;million in 2005 for
all of the properties comprising the underlying properties for which MV Partners was designated as the operator. The fee is adjusted annually and will increase or decrease each year based on changes
in the year-end index of average weekly earnings of crude petroleum and natural gas workers. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
members of MV Energy and certain members of MV Partners' other member, VAP-I, including each of Messrs.&nbsp;Vess and Murfin, own minority interests in
Eaglwing,&nbsp;L.P. and SemCrude,&nbsp;L.P., two crude oil purchasers that purchase crude oil production from MV Partners. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-6</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=127,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=101778,FOLIO='MV-6',FILE='DISK131:[06HOU0.06HOU1190]FK1190A.;28',USER='KBLACKW',CD=';8-NOV-2006;12:56' -->
<A NAME="page_fk1190_1_7"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
summary of sales and trade receivables with each of these crude oil purchasers follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="99%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year Ended December&nbsp;31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six Months Ended June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Sales(1):</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>Eaglwing, L.P.</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>20,321,668</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>26,756,152</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>35,290,153</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>15,974,780</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>21,728,163</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>SemCrude, L.P.</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>10,445,956</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>13,764,683</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>17,628,316</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,426,809</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>8,350,677</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>30,767,624</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>40,520,835</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>52,918,469</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>23,401,589</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>30,078,840</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2><BR>
Trade receivables:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>Eaglwing, L.P.</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,724,229</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,362,788</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,902,791</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,784,663</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,386,952</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>SemCrude, L.P.</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>879,529</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,214,575</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,624,013</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,306,128</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,603,758</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>3,577,363</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>4,526,804</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>4,090,791</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,386,952</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Sales
amounts shown above are prior to reductions for realized losses on swap transactions. </FONT></DD></DL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners also has entered into swap agreements with SemCrude. A summary of the MV Partners' outstanding swap agreements with SemCrude are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="81%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="19%" ALIGN="LEFT"><FONT SIZE=1><B>Year<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="17%" ALIGN="CENTER"><FONT SIZE=1><B>Notional&nbsp;volume<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Fixed&nbsp;price</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December&nbsp;31,&nbsp;2005<BR>
Fair Value</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>June&nbsp;30,&nbsp;2006<BR>
Fair value</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="19%"><FONT SIZE=2>2007</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>495,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>63.16&nbsp;- 65.12</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>54,918</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>(5,546,671</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="19%"><FONT SIZE=2>2008</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>360,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>60.70</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(869,640</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>(4,205,611</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>45,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>62.99</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>24,755</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>(445,353</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(789,967</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>(10,197,635</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners had no related party contracts as of December&nbsp;31, 2004. As of December&nbsp;31, 2005 and June&nbsp;30, 2006, MV Partners had an outstanding collar transaction with
SemCrude covering 120,000 Bbls of oil during 2007 under which MV Partners will receive payments if oil prices fall below $61 per Bbl or make payments if oil prices rise above $68 per barrel. The fair
value of the collar was nominal as of December&nbsp;31, 2005 and a liability of $1,177,430 as of June&nbsp;30, 2006. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-7</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=128,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=848101,FOLIO='MV-7',FILE='DISK131:[06HOU0.06HOU1190]FK1190A.;28',USER='KBLACKW',CD=';8-NOV-2006;12:56' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fm1190_1_8"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fm1190_selected_financial_data_of_mv_partners"> </A>
<A NAME="toc_fm1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>SELECTED FINANCIAL DATA OF MV PARTNERS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table shows selected historical financial information of MV Partners for each of the five years in the period ended December&nbsp;31, 2005, and
for the six months ended June&nbsp;30, 2005 and 2006. The selected historical financial information for each of the three years ended December&nbsp;31, 2005, is derived from the audited financial
statements of MV Partners included elsewhere in this prospectus. The selected historical financial information for each of the six months ended June&nbsp;30, 2005 and 2006 is derived from the
unaudited financial statements of MV Partners included elsewhere in this prospectus. The selected historical financial information for each of the two years ended December&nbsp;31, 2002 is derived
from the audited financial statements of MV Partners which are not included in this prospectus. The information in this table should be read in conjunction with "Management's Discussion and Analysis
of Financial Condition and Results of Operations of MV Partners" and the financial statements of MV Partners, related notes and other financial information included elsewhere in this prospectus. </FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="98%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=14 ALIGN="CENTER"><FONT SIZE=1><B>Year Ended December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six&nbsp;Months&nbsp;Ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2001</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2002</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=20 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1><B>Statements of Earnings Data:</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1>Revenue</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Oil and gas sales</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>24,478</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>24,215</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>28,036</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>30,826</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>35,955</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>15,318</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>17,806</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Interest income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>69</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>20</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>10</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>8</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>207</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>25</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>130</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Gain on sale of assets</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>35</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>564</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>212</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=1>Total</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>24,582</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>24,799</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>28,046</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>31,046</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>36,162</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>15,343</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>17,936</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1>Costs and expenses</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Lease operating</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>15,154</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>14,528</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>14,860</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>15,288</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>17,158</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>7,782</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>9,578</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>6,053</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>4,838</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>5,046</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>4,252</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>3,792</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,896</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>1,589</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>General and administrative</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>291</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>367</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>446</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>448</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>498</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>256</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>349</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Loss on sale of assets</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>17</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>89</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>80</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Interest</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,428</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>891</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>677</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>717</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>526</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>2,865</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=1>Total expenses</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>22,926</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>20,624</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>21,046</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>20,705</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>23,037</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>10,540</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>14,386</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1>Net earnings before accounting change</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,656</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>4,175</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>7,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>10,341</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>13,125</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>4,803</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>3,550</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Cumulative effect of change in accounting principle</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>90</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,656</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>4,175</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>7,090</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>10,341</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>13,125</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>4,803</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>3,550</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1><B>Balance Sheet Data (at end of period):</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1>Oil and natural gas properties and equipment</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>58,407</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>55,114</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>59,250</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>56,857</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>55,284</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>55,839</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>54,315</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1>Total assets</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>61,993</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>61,134</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>65,165</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>64,437</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>68,303</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>64,393</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>68,634</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1>Working capital</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(4,272</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(473</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(6,762</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(6,115</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(12,185</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(13,485</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>(5,554</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1>Long-term liabilities, excluding current maturities</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>20,648</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>25,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>29,484</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>35,176</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>91,793</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>32,782</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>108,317</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=1>Partners' capital (deficit)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>33,655</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>30,005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>23,121</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>15,697</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(48,245</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(9,681</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>(59,182</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>MV-8</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=129,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=585042,FOLIO='MV-8',FILE='DISK131:[06HOU0.06HOU1190]FM1190A.;17',USER='KBLACKW',CD=';7-NOV-2006;09:28' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fo1190_1_9"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fo1190_management_s_discussion_and_an__man04095"> </A>
<A NAME="toc_fo1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND<BR>  RESULTS OF OPERATIONS OF MV PARTNERS    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>You should read the following discussion of the financial condition and results of operations of MV Partners in conjunction with the
historical consolidated financial statements and notes included elsewhere in this prospectus.</I></FONT></P>

<P><FONT SIZE=2><B>Factors That Significantly Affect MV Partners' Results  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners' revenue, cash flow from operations and future growth depend substantially on factors beyond its control, such as economic, political and regulatory
developments and competition from producers of alternative sources of energy. Oil and natural gas prices have historically been volatile and may fluctuate widely in the future. Sustained periods of
low prices for oil or natural gas could materially and adversely affect its financial position, its results of operations, the quantities of oil and natural gas that it can economically produce and
its ability to access capital. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Like
all businesses engaged in the exploration and production of oil and natural gas, MV Partners faces the challenge of natural production declines. As initial reservoir pressures are
depleted, oil and natural gas production from a given well decreases. Thus, an oil and gas exploration and production company depletes part of its asset base with each unit of oil or natural gas it
produces. MV Partners attempts to reduce this natural decline by undertaking field development programs and by implementing secondary recovery techniques. MV Partners intends to maintain its focus on
costs necessary to produce its reserves. MV Partners' ability to make capital expenditures to maintain production from its existing reserves and to add reserves through development drilling is
dependent on its capital resources and can be limited by many factors. </FONT></P>

<P><FONT SIZE=2><B>Critical Accounting Policies and Estimates  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The discussion and analysis of MV Partners' historical financial condition and results of operations is based upon its consolidated financial statements, which
have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial
statements requires it to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities.
Certain accounting policies involve judgments and uncertainties to such an extent that there is reasonable likelihood that materially different amounts could have been reported under different
conditions, or if different assumptions had been used. MV Partners evaluates its estimates and assumptions on a regular basis. It bases its estimates on historical experience and various other
assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not
readily apparent from other sources. Actual results may differ from these estimates and assumptions used in preparation of its financial statements. MV Partners has provided below an expanded
discussion of its more significant accounting policies, estimates and judgments. It believes these accounting policies reflect its more significant estimates and assumptions used in the preparation of
its financial statements. Please read Note&nbsp;A of the Notes to the Financial Statements of MV Partners for a discussion of additional accounting policies and estimates made by its management. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Oil and Natural Gas Properties  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners accounts for oil and natural gas properties by the successful efforts method. Leasehold acquisition costs are capitalized. If proved reserves are
found on an undeveloped property, leasehold cost is transferred to proved properties. Under this method of accounting, costs relating to the development of proved areas are capitalized when incurred. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-9</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=130,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=510226,FOLIO='MV-9',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<A NAME="page_fo1190_1_10"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation
and depletion of producing oil and natural gas properties is recorded based on units of production. Unit rates are computed for unamortized drilling and development costs
using proved developed reserves and for unamortized leasehold costs using all proved reserves. Statement of Financial Accounting Standards (SFAS) No.&nbsp;19&#151;Financial Accounting and
Reporting for Oil and Gas Producing Companies requires that acquisition costs of proved properties be amortized on the basis of all proved reserves, developed and undeveloped, and that capitalized
development costs (wells and related equipment and facilities) be amortized on the basis of proved developed reserves. As more fully described in Note&nbsp;J of the Notes to the Financial
Statements, proved reserves are estimated by an independent petroleum engineer, Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc., and are subject to future revisions based on availability of
additional information. As described in Note&nbsp;H of the Notes to the Consolidated Financial Statements, MV Partners follows SFAS No.&nbsp;143&#151;Accounting for Asset Retirement
Obligations. Under SFAS No.&nbsp;143, estimated asset retirement costs are recognized when the asset is placed in service and are amortized over proved reserves using the units of production method.
Asset retirement costs are estimated by its engineers using existing regulatory requirements and anticipated future inflation rates. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Geological,
geophysical and dry hole costs on oil and natural gas properties relating to unsuccessful wells are charged to expense as incurred. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
sale or retirement of complete fields of depreciable or depleted property, the book value thereof, less proceeds or salvage value, is credited to income. On sale or retirement of an
individual well, the proceeds are credited to accumulated depreciation and depletion. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil
and natural gas properties are reviewed for impairment when facts and circumstances indicate that their carrying value may not be recoverable. MV Partners assesses impairment of
capitalized costs of proved oil and natural gas properties by comparing net capitalized costs to estimated undiscounted future net cash flows using expected prices. If net capitalized costs exceed
estimated undiscounted future net cash flows, the measurement of impairment is based on estimated fair value, which would consider estimated future discounted cash flows. As of December&nbsp;31,
2004 and 2005, and June&nbsp;30, 2006, the estimated undiscounted future cash flows for its proved oil and natural gas properties exceeded the net capitalized costs, and no impairment was required
to be recognized. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unproven
properties that are individually significant are assessed for impairment and if considered impaired are charged to expense when such impairment is deemed to have occurred. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property
acquisition costs, if any, are capitalized when incurred. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Oil and Natural Gas Reserve Quantities  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners' estimate of proved reserves is based on the quantities of oil and natural gas that engineering and geological analyses demonstrate, with reasonable
certainty, to be recoverable from established reservoirs in the future under current operating and economic parameters. Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc. prepares a reserve and
economic evaluation of all its properties on a well-by-well basis. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reserves
and their relation to estimated future net cash flows impact MV Partners' depletion and impairment calculations. As a result, adjustments to depletion and impairment are made
concurrently with changes to reserve estimates. MV Partners prepares its reserve estimates, and the projected cash flows derived from these reserve estimates, in accordance with SEC guidelines. The
independent engineering firm described above adheres to the same guidelines when preparing their reserve reports. The accuracy of its reserve estimates is a function of many factors, including the
quality and quantity of available data, the interpretation of that data, the accuracy of various mandated economic assumptions and the judgments of the individuals preparing the estimates. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-10</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=131,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=506447,FOLIO='MV-10',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<A NAME="page_fo1190_1_11"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners' proved reserve estimates are a function of many assumptions, all of which could deviate significantly from actual results. As such, reserve estimates may materially vary
from the ultimate quantities of oil, natural gas and natural gas liquids eventually recovered. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Hedging Activities  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners periodically uses derivative financial instruments to achieve a more predictable cash flow from its oil production by reducing its exposure to
fluctuations in the price of crude oil. Currently, these transactions are swaps and collar transactions. It accounts for these activities pursuant to SFAS No.&nbsp;133&#151;Accounting for
Derivative Instruments and Hedging Activities, as amended. This statement establishes accounting and reporting standards requiring that derivative instruments (including certain derivative instruments
embedded in other contracts) be recorded at fair market value and included in the balance sheet as assets or liabilities. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
accounting for changes in the fair market value of a derivative instrument depends on the intended use of the derivative instrument and the resulting designation, which is
established at the inception of a derivative instrument. SFAS No.&nbsp;133 requires that a company formally document, at the inception of a hedge, the hedging relationship and the entity's risk
management objective and strategy for undertaking the hedge, including identification of the hedging instrument, the hedged item or transaction, the nature of the risk being hedged, the method that
will be used to assess effectiveness and the method that will be used to measure hedge ineffectiveness of derivative instruments that receive hedge accounting treatment. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
derivative instruments designated as cash flow hedges, changes in fair market value, to the extent the hedge is effective, are recognized in other comprehensive income until the
hedged item is recognized in earnings. Hedge effectiveness is assessed at least quarterly based on total changes in the derivative instrument's fair market value. Any ineffective portion of the
derivative instrument's change in fair market value is recognized immediately in earnings. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Asset Retirement Obligations  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statement of Financial Accounting Standards (SFAS) No.&nbsp;143, "Accounting for Asset Retirement Obligations," requires that the fair value of a liability for
an asset retirement obligation be recognized in the period in which it is incurred. The liability is measured at discounted fair value and is adjusted to its present value in subsequent periods as
accretion expense is recorded. Such accretion expense is included in depreciation, depletion and amortization in the accompanying statements of earnings. The corresponding asset retirement costs are
capitalized as part of the carrying amount of the related long-lived asset and amortized over the asset's useful life. MV Partners' asset retirement obligations are primarily associated
with the plugging of abandoned oil wells. SFAS No.&nbsp;143 was effective for MV Partners on January&nbsp;1, 2003. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-11</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=132,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=165534,FOLIO='MV-11',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<A NAME="page_fo1190_1_12"> </A>

<P><FONT SIZE=2><B>Results of Operations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Set forth in the table below is a summary of MV Partners' financial data for the periods indicated </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="93%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Years Ended December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six&nbsp;Months&nbsp;Ended<BR>
June&nbsp;30</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=14 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Revenue</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Oil and gas sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>28,036</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>30,826</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>35,955</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,318</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17,806</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Interest income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>10</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>8</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>207</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>25</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>130</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Gain on sale of assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>212</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="36%"><FONT SIZE=2>Total revenue</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>28,046</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>31,046</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>36,162</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,343</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17,936</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Costs and expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Lease operating</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>14,860</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>15,288</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17,158</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>7,782</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>9,578</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5,046</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>4,252</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>3,792</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,896</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,589</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>General and administrative</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>446</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>448</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>498</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>256</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>349</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Loss on sale of assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>89</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>80</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>677</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>717</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1,500</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>526</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>2,865</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="36%"><FONT SIZE=2>Total costs and expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>21,046</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>20,705</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>23,037</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>10,540</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>14,386</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Net earnings before accounting change</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>7,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>10,341</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>13,125</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>4,803</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>3,550</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Cumulative effect of change in accounting principle</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>90</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Net earnings</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>7,090</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>10,341</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>13,125</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>4,803</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>3,550</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Six Months Ended June&nbsp;30, 2006 Compared to Six Months Ended June&nbsp;30, 2005  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The financial information with respect to the six months ended June&nbsp;30, 2006 and 2005 that is discussed below is unaudited. In the opinion of MV Partners'
management, this information contains all adjustments, consisting only of adjustments for normally recurring accruals, necessary for a fair presentation of the results for such periods. The results of
operations for these interim periods are not necessarily indicative of the results of operations for the full fiscal year. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Revenues  </I></B></FONT></P>


</UL>

<P><FONT SIZE=2>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues from oil and natural gas sales increased $2.5&nbsp;million between these periods. This consists of an increase of $7.2&nbsp;million of oil and
natural gas revenues and a $4.7&nbsp;million increase in hedge and other derivative activities expense. The $7.2&nbsp;million increase in revenues was primarily the result of an increase in the
average price received for the oil sold from $49.73 per Bbl for the six months ended





June&nbsp;30, 2005 to $63.92 per Bbl for the six months ended June&nbsp;30, 2006. The increase in revenues was also the result of an increase in the average price received for the natural gas sold
from $5.86 per Mcf for the six months ended June&nbsp;30, 2005 to $6.15 per Mcf for the six months ended June&nbsp;30, 2006, and a 11,940 Mcf increase in natural gas volumes sold.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The increase in hedge and other derivative activity expense of $4.7&nbsp;million for the six months ended June&nbsp;30, 2006 was due to an increase in ineffectiveness of hedges and
other derivatives then in place being recorded to the expense account and an increase in realized hedge losses for the period.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At June&nbsp;30, 2006, MV Partners recorded a $2.9&nbsp;million expense for ineffectiveness of hedges and other derivatives compared to no ineffective portion at June&nbsp;30,
2005. The increase in ineffectiveness during the six months ended June&nbsp;30, 2006 compared to the six months ended June&nbsp;30, 2005 is partially

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-12</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=133,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=915273,FOLIO='MV-12',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<A NAME="page_fo1190_1_13"> </A>
<BR>

<P><FONT SIZE=2>


the result of additional hedge and other derivative contracts placed during the last quarter of 2005. At June&nbsp;30, 2005, MV Partners had open swap agreements covering the next 12 months and no
open collar transactions. At June&nbsp;30, 2006, MV Partners had open swap agreements covering the next 54 month periods and an open collar transaction covering the 12 months of 2007 which increased
the volume of hedges and the exposure to hedge ineffectiveness compared to June&nbsp;30, 2005. The change in value of the open collar transaction resulted in an expense of $1.2&nbsp;million for
the six months ended June&nbsp;30, 2006.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedge ineffectiveness of the swap agreements is the result of various factors including changes in the average crude oil price and changes in the basis differential between the NYMEX
price and the price actually received by MV Partners. An increase in the basis differential, the increase in the price of crude oil and the extended hedge and derivative contracts, all combined to
increase the expense associated with the swap agreements for the six months ended June&nbsp;30, 2006 by $1.7&nbsp;million.


</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, a portion of the increase in hedge and other derivative expense was due to the higher average NYMEX price per Bbl of crude oil for the first half of 2006 of $67.09 compared
to $51.51 for the first half of 2005. The weighted average settlement price of hedges and other derivatives for the first half of 2006 was $38.45 compared to $23.82 for the first half of 2005. The
remainder of the increase was due to 49,076 more Bbls of oil being subject to hedge arrangements during the first half of 2006.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedge ineffectiveness and actual hedge losses increased during the period of rising oil prices as experienced from 2003 to 2005 when the average NYMEX price per barrel of crude oil went
from $31.07 to $56.56. Hedge ineffectiveness and hedge losses typically decrease during periods of flat or declining oil prices. Because commodity prices can fluctuate significantly, past performance
of MV Partners' hedges is not necessarily indicative of their future performance.

 </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Lease operating expenses  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease operating expenses increased from $7.8&nbsp;million for the six months ended June&nbsp;30, 2005 to $9.6&nbsp;million for the six months ended
June&nbsp;30, 2006. This increase was primarily a result of casing repair to several wells, repair and cleanout of a salt water disposal system well and continuing restoration of wells from inactive
status to producing status. An increase in production and property tax expense due to the increased price of oil and gas on which the taxes are based also contributed to the increase. In addition,
operating costs associated with primary vendors' fuel increases contributed a small portion of the increase. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Depreciation, depletion and amortization  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation, depletion and amortization decreased from $1.9&nbsp;million for the six months ended June&nbsp;30, 2005 to $1.6&nbsp;million for the six
months ended June&nbsp;30, 2006. Depreciation, depletion and amortization are calculated based on units of production. The decline comes from the previously reduced asset base combined with an
increase in the total estimated reserves. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> General and administrative expenses  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative expenses increased from $0.2&nbsp;million for the six months ended June&nbsp;30, 2005 to $0.3&nbsp;million for the six months
ended June&nbsp;30, 2006. This is an increase primarily due to inflation in general costs. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Loss on sale of assets  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A loss on sales of assets of $0.1&nbsp;million was recorded for the six months ending June&nbsp;30, 2005 compared to a nominal loss recorded for the six
months ending June&nbsp;30, 2006. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-13</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=134,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=418428,FOLIO='MV-13',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<A NAME="page_fo1190_1_14"> </A>
<UL>

<P><FONT SIZE=2><B><I> Interest expenses  </I></B></FONT></P>


</UL>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense increased from $0.5&nbsp;million for the six months ended June&nbsp;30, 2005 to $2.9&nbsp;million for the six months ended June&nbsp;30,
2006. This is a result of the financing that took place on December&nbsp;21, 2005 resulting in increased liability of $84.5 to $90.0&nbsp;million for the six months ended June&nbsp;30, 2006, up
from $25.0&nbsp;million for the six months ending June&nbsp;30, 2005.

</FONT></P>


<P><FONT SIZE=2><B>Year Ended December&nbsp;31, 2005 Compared to the Year Ended December&nbsp;31, 2004  </B></FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Revenues  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues from oil and natural gas sales increased $5.1&nbsp;million between these periods. This consists of an increase of $13.0&nbsp;million of oil and
natural gas revenues and a $7.9&nbsp;million increase in hedge and other derivative activities expense. The $13.0&nbsp;million increase in revenues was primarily the result of an increase in the
average price received for the oil sold from $39.37 per Bbl for the year ended December&nbsp;31, 2004 to $54.21 per Bbl for the year ended December&nbsp;31, 2005. The increase in revenues was also
the result of an increase in the average price received for the natural gas sold from $5.51 per Mcf for the year ended December&nbsp;31, 2004 to $6.83 per Mcf for the year ended December&nbsp;31,
2005. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
increase in hedge and other derivative activity expense of $7.9&nbsp;million for the year ended December&nbsp;31, 2005 was due primarily to the higher average NYMEX settle price
for the year ended December&nbsp;31, 2005 of $56.57 compared to $41.38 for the year ended December&nbsp;31, 2004. The weighted average hedge price for 2005 was $28.60 compared to $24.02 for 2004.
A small increase was due to ineffectiveness of hedges currently in place being recorded to the expense account. In the year ended December&nbsp;31, 2005, MV Partners recorded a $0.8&nbsp;million
hedge expense for ineffectiveness compared to no ineffective portion for the year ended December&nbsp;31, 2004. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Lease operating expenses  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease operating expenses increased from $15.3&nbsp;million for the year ended December&nbsp;31, 2004 to $17.2&nbsp;million for the year ended
December&nbsp;31, 2005. This increase was primarily a result of increased costs of primary vendors who rely on large uses of hydrocarbon products such as (1)&nbsp;pumpers (gasoline),
(2)&nbsp;utilities (cost of fuel), (3)&nbsp;treating chemicals (hydrocarbon base) and (4)&nbsp;pulling units (fuel surcharge). This increase was also supplemented by wage increases associated
with the increased demand for oilfield employees and increases in the price of steel for tubular and other metal products. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Depreciation, depletion and amortization  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation, depletion and amortization decreased from $4.3&nbsp;million for the year ended December&nbsp;31, 2004 to $3.8&nbsp;million for the year ended
December&nbsp;31, 2005. Depreciation, depletion and amortization are calculated based on units of production. The decline comes from the previously reduced asset base combined with an increase in
the total estimated reserves. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> General and administrative expenses  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative expenses increased from $0.4&nbsp;million for the year ended December&nbsp;31, 2004 to $0.5&nbsp;million for the year ended
December&nbsp;31, 2005. This is an increase primarily due to inflation in general costs. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Loss on sale of assets  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A gain on sale of assets of $0.2&nbsp;million was recorded for the year ended December&nbsp;31, 2004 compared to a loss of $0.1&nbsp;million recorded for
the year ended December&nbsp;31, 2005. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-14</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=135,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=1002567,FOLIO='MV-14',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<A NAME="page_fo1190_1_15"> </A>
<UL>

<P><FONT SIZE=2><B><I> Interest expenses  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense increased from $0.7&nbsp;million for the year ended December&nbsp;31, 2004 to $1.5&nbsp;million for the year ended December&nbsp;31,
2005. This is a result of the financing that took place on December&nbsp;21, 2005 resulting in increased liability of $90&nbsp;million for the end of the year 2005, up from $25&nbsp;million for
the entire year 2004 in addition to the rising interest rates. </FONT></P>

<P><FONT SIZE=2><B>Year Ended December&nbsp;31, 2004 Compared to the Year Ended December&nbsp;31, 2003  </B></FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Revenues  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues from oil and natural gas sales increased $2.8&nbsp;million between these periods. This consists of an increase of $9.8&nbsp;million of oil and
natural gas revenues and a $7.0&nbsp;million increase in hedge and other derivative activities expense. The $9.8&nbsp;million increase in revenues was primarily the result of an increase in the
average price received for the oil sold from $28.89 per Bbl for the year ended December&nbsp;31, 2003 to $39.37 per Bbl for the year ended December&nbsp;31, 2004. The increase in revenues was also
the result of an increase in the average price received for the natural gas sold from $4.84 per Mcf for the year ended December&nbsp;31, 2003 to $5.51 per Mcf for the year ended December&nbsp;31,
2004. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
increase in hedge and other derivative activity expense of $7.0&nbsp;million for the year ended December&nbsp;31, 2004 was due primarily to the higher average NYMEX settle price
for the year ended December&nbsp;31, 2004 of $41.38 compared to $31.07 for the year ended December&nbsp;31, 2003. The weighted average hedge price for 2004 was $24.02 compared to $22.14 for 2003. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Lease operating expenses  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease operating expenses increased from $14.9&nbsp;million for the year ended December&nbsp;31, 2003 to $15.3&nbsp;million for the year ended
December&nbsp;31, 2004. This increase of 2.7% was primarily a result of general inflation in MV Partners' primary vendor costs. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Depreciation, depletion and amortization  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation, depletion and amortization decreased from $5.0&nbsp;million for the year ended December&nbsp;31, 2003 to $4.3&nbsp;million for the year ended
December&nbsp;31, 2004. Depreciation, depletion and amortization are calculated based on units of production. The decline comes from the previously reduced asset base combined with an increase in
the total estimated reserves. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> General and administrative expenses  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative expenses remained constant at $0.4&nbsp;million for the years ended December&nbsp;31, 2003 and 2004. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Loss on sale of assets  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A minimal loss on sale of assets was recorded for the year ended December&nbsp;31, 2003 compared to a gain on sale of assets of $0.2&nbsp;million recorded for
the year ended December&nbsp;31, 2004. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Interest expenses  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense remained constant at $0.7&nbsp;million for the year ended December&nbsp;31, 2003 and 2004. The only bank debt during these periods was an
interest only note. A slight increase from $677,000 for the year ended December&nbsp;31, 2003 to $717,000 for the year ended December&nbsp;31, 2004 was a result of a rising interest rate. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-15</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=136,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=585252,FOLIO='MV-15',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<A NAME="page_fo1190_1_16"> </A>

<P><FONT SIZE=2><B>Liquidity and Capital Resources  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners' primary sources of capital and liquidity have been proceeds from sales of limited partner interests prior to its conversion to a limited liability
company, borrowings under its bank credit facility and cash flow from operations. To date, its primary uses of capital have been to service its debt requirements, for development of working interests
in its oil and natural gas properties located in Kansas and eastern Colorado and for distributions. It continually monitors its capital resources available to meet its future financial obligations and
planned capital expenditures. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Cash Flow from Operating Activities  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by operating activities was $8.6&nbsp;million and $7.3&nbsp;million for the six months ended June&nbsp;30, 2006 and 2005, respectively.
The increase in net cash provided by operating activities was due substantially to the change in the price of oil and the reduced amount of hedge liability. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
cash provided by operating activities was $16.6&nbsp;million during the year ended December&nbsp;31, 2005, compared to $13.7&nbsp;million during the year ended
December&nbsp;31, 2004. The increase in net cash provided by operating activities in 2005 was substantially due to increased revenues partially offset by increased expenses, as discussed above in
"&#151;Results of Operations." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners' cash flow from operations is subject to many variables, the most significant of which are oil and natural gas prices. Oil and natural gas prices are determined primarily by
prevailing market conditions, which are dependent on regional and worldwide economic activity, weather and other
factors beyond its control. MV Partners' future cash flow from operations will depend on its ability to maintain and increase production through its development program, as well as the prices of oil
and natural gas. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners has entered into certain hedge contracts related to the oil production from the underlying properties for the years 2006 through 2010. For the years 2006, 2007 and 2008, MV
Partners has entered into swap contracts and costless collars at prices ranging from $56 to $68 per barrel of oil that hedge approximately 82% to 88% of expected production from the underlying
properties that are classified as proved developed producing in the reserve report. For the years 2009 and 2010, MV Partners has entered into swap contracts at prices ranging from $63 to $71 per
barrel of oil that hedge approximately 80% of expected production from the underlying properties that are classified as proved developed producing in the reserve report. The hedge contracts will not
be pledged to the trust, but any payments made by MV Partners upon settlement of the hedge contracts will be factored into the calculation of the gross proceeds from the underlying properties. Any
proceeds received by MV&nbsp;Partners upon settlement of the hedge contracts will separately be factored into the calculation of payment due to the trust. From June&nbsp;30, 2006 through
December&nbsp;31, 2010, MV Partners' crude oil price risk management positions in swap contracts and collar arrangements are as follows:

 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=4 ALIGN="CENTER"><FONT SIZE=1><B>Fixed Price Swaps</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=7 ALIGN="CENTER"><FONT SIZE=1><B>Collars</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Weighted&nbsp;Average&nbsp;Price<BR>
(Per Bbl)</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ROWSPAN=2 ALIGN="LEFT"><FONT SIZE=1><B>Year Ended December 31,<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Volumes<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Weighted<BR>
Average&nbsp;Price<BR>
(Per Bbl)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Volumes<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Floor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Ceiling</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>2006</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>419,321</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>63.01</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>687,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>62.52</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>120,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>68.00</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>779,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>58.79</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>2009</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>678,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>66.24</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>2010</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>637,800</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>65.03</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
removing the price volatility from a significant portion of its oil production, MV Partners has mitigated, but not eliminated, the potential effects of changing commodity prices on
its cash flow from operations for those periods. While mitigating negative effects of falling crude oil prices, these </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-16</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=137,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=774681,FOLIO='MV-16',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<A NAME="page_fo1190_1_17"> </A>
<BR>

<P><FONT SIZE=2>derivative
contracts also limit the benefits it would receive from increases in crude oil prices. It is MV Partners' policy to enter into derivative contracts only with counterparties that are major,
creditworthy financial institutions deemed by management as competent and competitive market makers. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Cash Flows from Investing Activities  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners' capital expenditures were $0.8&nbsp;million and $1.0&nbsp;million for the six months ended June&nbsp;30, 2006 and 2005, respectively. Capital
expenditures for each of the six months ended June&nbsp;30, 2006 and June&nbsp;30, 2005 includes the purchase of oil and natural gas properties and the payment of well development costs. MV
Partners also had proceeds from the sale of oil and natural gas properties of $0.1&nbsp;million for the six months ended June&nbsp;30, 2005. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners' capital expenditures were $2.3&nbsp;million in the year ended December&nbsp;31, 2005 and $1.7&nbsp;million in the year ended December&nbsp;31, 2004. The total for
2005 includes the purchase of oil and natural gas properties and the payment of well development costs. MV Partners also had proceeds
from the sale of oil and natural gas properties of $0.1&nbsp;million and $0.3&nbsp;million for the years ended December&nbsp;31, 2005 and 2004, respectively. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners currently anticipates that its development budget, which predominantly consists of workover drilling, secondary recovery projects and equipment, will be $8.5&nbsp;million
for the remainder of 2006 and 2007. The amount and timing of its capital expenditures is largely discretionary and within its control. MV Partners' routinely monitors and adjusts its capital
expenditures in response to changes in oil and natural gas prices, development costs, industry conditions and internally generated cash flow. Future cash flows are subject to a number of variables,
including the level of production and prices. There can be no assurance that operations and other capital resources will provide cash in sufficient amounts to maintain planned levels of capital
expenditures. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Financing Activities  </I></B></FONT></P>

<P><FONT SIZE=2><I> Credit facility  </I></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On December&nbsp;21, 2005, MV Partners entered into a bank credit facility with a group of bank lenders that provides for a revolving line of credit, letters of
credit and swing line loans. The total amount that MV Partners can borrow and have outstanding at any one time is limited to the lesser of the total commitment of $200&nbsp;million or the borrowing
base established by the lenders, with $15&nbsp;million available for outstanding letters of credit and $0.5&nbsp;million for outstanding swing line loans. As of June&nbsp;30, 2006, the borrowing
base under the bank credit facility was $95.0&nbsp;million. As of June&nbsp;30, 2006, the principal amount outstanding under the bank credit facility was $84.5&nbsp;million with no letters of
credit or swing line loans outstanding. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
bank credit facility allows MV Partners to borrow, repay and reborrow amounts available under the bank credit facility. The amount of the borrowing base is based primarily upon the
estimated value of MV Partners oil and natural gas reserves. Under the credit agreement, the initial borrowing base was $95&nbsp;million, such borrowing base being reduced to $90&nbsp;million on
July&nbsp;1, 2006 and $85&nbsp;million on January&nbsp;1, 2007. The borrowing base under the bank credit facility is subject to re-determination at least semi-annually.
The bank credit facility matures on December&nbsp;19, 2008, and borrowings under the bank credit facility bear interest, payable quarterly, at MV Partners' option, at (1)&nbsp;a rate (as defined
and further described in the bank credit facility) per annum equal to a Eurodollar Rate (which is substantially the same as the London Interbank Offered Rate) for one, two, three or six months as
offered by the lead bank under the bank credit facility or (2)&nbsp;the higher of the Federal Funds Rate (as defined and further described in the bank credit facility) plus 50 basis points or such
bank's Prime Rate. MV Partners' bank credit facility bore interest at 6.6% per annum as of June&nbsp;30, 2006. MV Partners pays quarterly commitment fees under the bank credit facility on the unused
portion of the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-17</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=138,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=360815,FOLIO='MV-17',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<A NAME="page_fo1190_1_18"> </A>
<BR>

<P><FONT SIZE=2>available
borrowing base ranging from 12.5 to 37.5 basis points, dependent upon the percentage of MV Partners' available borrowing base then utilized. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowings
under the bank credit facility are secured by a lien on substantially all of MV Partners' assets and properties. The bank credit facility also contains restrictive covenants
that may limit MV Partners' ability to, among other things, pay dividends, incur additional indebtedness, sell assets, make loans to others, make investments, enter into mergers, incur liens and
engage in certain other transactions without the prior consent of the lenders. The bank credit facility also requires MV Partners to maintain certain ratios as defined and further described in the
revolving credit facility, including a current ratio of not less than 1.0 to 1.0 and a maximum leverage ratio of no greater than 2.50 to 1.0. The current ratio is defined to include the amount of the
unused borrowing base as a current asset and to exclude current maturities of the credit facility as well as any current liability resulting from any mark to market accounting under SFAS&nbsp;133.
In addition, MV Partners was required to enter into swap agreements covering 90% of estimated production for the three years following December&nbsp;31, 2005 based on proved reserves as of
December&nbsp;31, 2004, with a fixed price per Bbl of a minimum of $55. As of June&nbsp;30, 2006, MV Partners was in compliance with all such covenants. </FONT></P>

<P><FONT SIZE=2><B>Contractual Obligations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary of MV Partners' contractual obligations as of June&nbsp;30, 2006 is provided in the following table. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="90%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=14 ALIGN="CENTER"><FONT SIZE=1><B>Payments Due By Period (in thousands)</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Total</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Less than 1&nbsp;year</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>1-3 years</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>3-5 years</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>More than 5&nbsp;years</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Long-term debt</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>84,500</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>4,500</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>80,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Asset retirement obligation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>7,337</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>7,337</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Hedge and other derivative agreements</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>30,851</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>9,871</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>17,203</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,777</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>122,688</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>14,371</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>97,203</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,777</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>7,337</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Off-balance Sheet Arrangements  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of June&nbsp;30, 2006, MV Partners had no off-balance sheet arrangements and currently has no intention to establish any off-balance sheet arrangements. </FONT></P>

<P><FONT SIZE=2><B>New Accounting Pronouncements  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;30, 2005, the FASB issued FIN No.&nbsp;47&#151;</FONT><FONT SIZE=2><I>Accounting for Conditional Asset Retirement
Obligations</I></FONT><FONT SIZE=2>. This interpretation clarifies that the term "conditional asset retirement obligation" as used in SFAS No.&nbsp;143 refers to a legal obligation to perform an
asset retirement activity in which the timing and/or method of settlement are conditional on a future event that may or may not be within the control of the entity incurring the obligation. The
obligation to perform the asset retirement activity is unconditional even though uncertainty exists about the timing and/or method of settlement. Thus, the timing and/or method of settlement may be
conditional on a future event. Accordingly, an entity is required to recognize a liability for the fair value of a conditional asset retirement obligation if the fair value of the liability can be
reasonably estimated. Uncertainty about the timing and/or method of settlement of a conditional asset retirement obligation should be factored into the measurement of the liability, rather than the
timing of recognition of the liability, when sufficient information exists. FIN No.&nbsp;47 was effective for MV Partners at the end of the fiscal year ended December&nbsp;31, 2005. MV Partners
does not expect the application of FIN No.&nbsp;47 to have a significant impact on its financial position or results of operations. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-18</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=10,SEQ=139,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=231982,FOLIO='MV-18',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<A NAME="page_fo1190_1_19"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
May&nbsp;2005, the FASB issued SFAS No.&nbsp;154, </FONT><FONT SIZE=2><I>Accounting Changes and Error Corrections</I></FONT><FONT SIZE=2>. SFAS No.&nbsp;154 supersedes SFAS
No.&nbsp;3, </FONT><FONT SIZE=2><I>Reporting Accounting Changes in Interim Financial Statements</I></FONT><FONT SIZE=2>, and APB Opinion No.&nbsp;20, </FONT><FONT SIZE=2><I>Accounting
Changes.</I></FONT><FONT SIZE=2> SFAS No.&nbsp;154 requires, unless impracticable, retrospective application to prior periods' financial statements of changes in accounting principle. The provisions
of SFAS No.&nbsp;154 also require that a change in depreciation, amortization, or depletion method for long-lived, non-financial assets be accounted for as a change in
accounting estimate affected by a change in accounting principle. SFAS No.&nbsp;154 is effective for all accounting changes made in fiscal years beginning after December&nbsp;15, 2005. </FONT></P>


<P><FONT SIZE=2><B>Quantitative and Qualitative Disclosure About Market Risk  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The primary objective of the following information is to provide forward-looking quantitative and qualitative information about MV Partners' potential exposure to
market risks. The term "market risk" refers to the risk of loss arising from adverse changes in oil and natural gas prices and interest rates. The disclosures are not meant to be precise indicators of
expected future losses, but rather indicators of reasonably possible losses. This forward-looking information provides indicators of how MV Partners views and manages its ongoing market risk
exposures. All of its market risk sensitive instruments were entered into for purposes other than speculative trading. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Commodity Price Risk  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners' major market risk exposure is in the pricing applicable to its oil and natural gas production. Realized pricing is primarily driven by the spot
market prices applicable to its oil production and the prevailing price for natural gas. Pricing for oil production has been volatile and unpredictable for several years, and it expects this
volatility to continue in the future. The prices it receives for oil and natural gas production depend on many factors outside of its control. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners has entered into hedging arrangements with respect to a portion of its projected oil production through various transactions that hedge the future prices received. These
transactions are typically price swaps whereby it will receive a fixed price for its production and pay a variable market price to the contract counterparty. These hedging activities are intended to
support oil prices at targeted levels and to manage its exposure to oil price fluctuations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
on an oil price of $73.93 per Bbl as of June&nbsp;30, 2006, the fair value of its hedge positions for 2006 was a liability of $29.7&nbsp;million, which it owed to the
counterparty. A 10% increase in the index oil price above the June&nbsp;30, 2006 price for oil would increase the liability by $18.5&nbsp;million; conversely, a 10% decrease in the index oil price
would decrease the liability by $18.5&nbsp;million. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners also entered into a collar agreement. As of June&nbsp;30, 2006, the fair market value of its collar agreement was a liability of $1.2&nbsp;million. The hedges and other
derivative arrangements for the remainder of 2006 and through December&nbsp;2010 are summarized in the table presented above under "&#151;Liquidity and Capital Resources&#151;Cash Flow
from Operating Activities." </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Interest Rate Risks  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At June&nbsp;30, 2006, MV Partners had debt outstanding under its bank credit facility of $84.5&nbsp;million. The weighted average annual interest rate under
the bank credit facility for the six months ended June&nbsp;30, 2006 was 6.6%. If prevailing market interest rates had been 1% higher as of June&nbsp;30, 2006, and all other factors affecting MV
Partners' debt remained the same interest expense on an annual basis would have been $0.9 million higher. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MV-19</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=11,SEQ=140,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=62272,FOLIO='MV-19',FILE='DISK131:[06HOU0.06HOU1190]FO1190A.;34',USER='KBLACKW',CD=';8-NOV-2006;12:58' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fz1190_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<A NAME="fz1190_index_to_financial_statements_of_mv_partners,_llc"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><B>MV Partners, LLC<BR>
Index to Financial Statements  </B></FONT></P>

<P><FONT SIZE=2>
<A NAME="FZ1190_TOC"></A> </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="100%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><FONT SIZE=2><B>Historical Financial Statements of MV Partners, LLC:</B></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><FONT SIZE=2><BR>
<A HREF="#ga1190_report">Report of Independent Registered Public Accounting Firm</A></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><FONT SIZE=2><BR>
<A HREF="#ga1190_balance_sheets">Balance Sheets as of December 31, 2004 and 2005 and as of June&nbsp;30, 2006 (unaudited)</A></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><FONT SIZE=2><BR>
<A HREF="#ga1190_statements_of_earnings">Statements of Earnings for the Years Ended December 31, 2003, 2004 and 2005 and for the Six Months Ended June&nbsp;30, 2005 and 2006 (unaudited)</A></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><FONT SIZE=2><BR>
<A HREF="#gc1190_statements_of_changes_in_partners_capital">Statements of Changes in Partners' Capital (Deficit) for the Years Ended December 31, 2004, 2005 and 2006 and for the Six Months Ended June&nbsp;30, 2006 (unaudited)</A></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><FONT SIZE=2><BR>
<A HREF="#gc1190_statements_of_cash_flows">Statements of Cash Flows for the Years Ended December 31, 2003, 2004 and 2005 and for the Six Months Ended June&nbsp;30, 2005 and 2006 (unaudited)</A></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><A HREF="#ge1190_mv_partners,_llc_notes_to_fina__mv_05241"><FONT SIZE=2><BR>
Notes to Financial Statements</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><BR><FONT SIZE=2><B>Unaudited Pro Forma Financial Information:</B></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><A HREF="#page_gk1190_1_24"><FONT SIZE=2><BR>
Introduction</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><A HREF="#page_gk1190_1_25"><FONT SIZE=2><BR>
Unaudited Pro Forma Balance Sheet at June&nbsp;30, 2006</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><A HREF="#page_gk1190_1_26"><FONT SIZE=2><BR>
Unaudited Pro Forma Statements of Earnings for the Year Ended December&nbsp;31, 2005 and for the Six Months Ended June&nbsp;30, 2006</FONT></A></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="100%" VALIGN="TOP"><A HREF="#page_gk1190_1_27"><FONT SIZE=2><BR>
Notes to Unaudited Pro Forma Financial Information</FONT></A></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>MVF-1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=141,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=268480,FOLIO='1',FILE='DISK131:[06HOU0.06HOU1190]FZ1190A.;16',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ga1190_1_2"> </A> </FONT> <FONT SIZE=2><B><A NAME="ga1190_report">Report of Independent Registered Public Accounting Firm</A>  </B></FONT></P>

<P><FONT SIZE=2>To
the Members of<BR>
MV Partners, LLC. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have audited the accompanying balance sheets of MV Partners,&nbsp;LLC (formerly MV Partners,&nbsp;LP) (the "Partnership") as of December&nbsp;31, 2004 and 2005 and the related
statements of earnings, changes in partners' capital (deficit) and cash flows for each of the three years in the period ended December&nbsp;31, 2005. These financial statements are the
responsibility of the Partnership's management. Our responsibility is to express an opinion on these financial statements based on our audits. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material misstatement. The Partnership is not required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the Partnership's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of MV Partners, LLC as of December&nbsp;31, 2004 and 2005,
and the results of its operations and its cash flows for each of the three years in the period ended December&nbsp;31, 2005, in conformity with accounting principles generally accepted in the United
States of America. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
discussed in note&nbsp;H to the financial statements, in 2003 the Partnership adopted Statement of Financial Accounting Standards No.&nbsp;143, "Accounting for Asset Retirement
Obligations." </FONT></P>

<P><FONT SIZE=2>/s/
Grant Thornton LLP<BR>
Grant Thornton LLP </FONT></P>


<P><FONT SIZE=2>Wichita,
Kansas<BR>
August&nbsp;8, 2006 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=142,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=8640,FOLIO='2',FILE='DISK131:[06HOU0.06HOU1190]GA1190A.;23',USER='MBLOUNT',CD=';6-NOV-2006;23:20' -->
<A NAME="page_ga1190_1_3"> </A>
<P ALIGN="CENTER"><BR><FONT SIZE=2><B><A NAME="ga1190_balance_sheets">MV Partners, LLC</A>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> BALANCE SHEETS  </B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="92%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>June&nbsp;30,<BR>
2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=12 ALIGN="CENTER"><FONT SIZE=2><B>ASSETS</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2><B>CURRENT ASSETS</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Cash and cash equivalents</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>3,392,198</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,195,848</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,986,835</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Accounts receivable&#151;oil and gas sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>3,964,810</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>4,975,031</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5,857,630</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Due from limited partner</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>317,223</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Prepaid expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>92,342</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>81,937</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>100,185</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Total current assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,449,350</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>12,570,039</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>13,944,650</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2><B>OIL AND GAS PROPERTIES</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
91,473,017</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
93,023,277</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
93,374,013</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Less accumulated depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>34,616,375</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>37,739,074</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>39,058,702</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>56,856,642</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>55,284,203</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>54,315,311</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2><B>OTHER ASSETS</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Deferred loan costs, net of accumulated amortization of $256,647 in 2004, $-0- in 2005 and $74,999 in 2006</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>130,654</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>448,729</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>373,730</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>64,436,646</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>68,302,971</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>68,633,691</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=12 ALIGN="CENTER"><BR><FONT SIZE=2><B>LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2><B>CURRENT LIABILITIES</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Accounts payable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Trade</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>48,521</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>110,334</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>87,781</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Related parties</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,287,966</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,520,690</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,030,728</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Due to general partner</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>531,234</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>531,234</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Settlement payable on oil swap agreements</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,290,336</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,592,210</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,369,585</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Accrued interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>186,604</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>132,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>108,442</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Current maturities of note payable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>10,000,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>4,500,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Hedge and other derivative agreements</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>10,750,843</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>10,868,201</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>9,870,616</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Total current liabilities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>13,564,270</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>24,754,669</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>19,498,386</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2><B>LONG-TERM LIABILITIES</B></FONT><FONT SIZE=2>, less current maturities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Note payable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>25,000,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>80,000,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>80,000,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Asset retirement obligation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,868,746</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,695,180</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,337,227</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Hedge and other derivative agreements</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,306,806</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>4,097,769</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>20,980,235</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Total long-term liabilities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>35,175,552</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>91,792,949</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>108,317,462</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2><B>PARTNERS' CAPITAL (DEFICIT)</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>General partner</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Capital account</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,634,524</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(17,063,375</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(16,038,590</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Accumulated other comprehensive loss</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(7,058,949</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(13,552,489</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Limited partner</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Capital account</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>27,119,949</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(17,063,374</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(16,038,589</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>Accumulated other comprehensive loss</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(13,057,649</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(7,058,949</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(13,552,489</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>15,696,824</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(48,244,647</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(59,182,157</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>64,436,646</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>68,302,971</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>68,633,691</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>The
accompanying notes are an integral part of these statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=143,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=932837,FOLIO='3',FILE='DISK131:[06HOU0.06HOU1190]GA1190A.;23',USER='MBLOUNT',CD=';6-NOV-2006;23:20' -->
<A NAME="page_ga1190_1_4"> </A>
<P ALIGN="CENTER"><BR><FONT SIZE=2><B><A NAME="ga1190_statements_of_earnings">MV Partners, LLC</A>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> STATEMENTS OF EARNINGS  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="99%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six months ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Revenue</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>Oil and gas sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>28,036,399</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>30,825,753</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>35,954,916</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>15,317,735</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>17,806,484</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>Interest income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>10,352</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,240</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>207,392</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>25,240</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>129,506</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>Gain on sale of assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>212,058</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>28,046,751</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>31,045,051</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>36,162,308</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>15,342,975</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>17,935,990</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Costs and expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>Lease operating</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>14,859,677</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>15,287,658</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>17,157,995</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,781,994</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>9,578,365</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>Depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,046,207</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>4,251,712</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>3,792,625</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,896,313</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,588,513</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>General and administrative</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>446,439</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>448,426</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>497,710</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>255,825</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>348,544</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>Loss on sale of assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>17,106</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>88,539</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>79,496</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,498</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=2>Interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>676,774</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>716,645</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,499,960</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>526,288</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,865,500</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>21,046,203</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>20,704,441</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>23,036,829</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>10,539,916</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>14,386,420</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net earnings before accounting change</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,000,548</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>10,340,610</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>13,125,479</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>4,803,059</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>3,549,570</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Cumulative effect of change in accounting principle</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>89,669</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net earnings</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,090,217</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>10,340,610</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>13,125,479</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>4,803,059</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>3,549,570</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>The
accompanying notes are an integral part of these statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=144,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=112829,FOLIO='4',FILE='DISK131:[06HOU0.06HOU1190]GA1190A.;23',USER='MBLOUNT',CD=';6-NOV-2006;23:20' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_gc1190_1_5"> </A> </FONT>
<BR><FONT SIZE=2><B><A NAME="gc1190_statements_of_changes_in_partners_capital">MV Partners, LLC</A>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> Years ended December&nbsp;31, 2003, 2004 and 2005 and for<BR>
the six-month period ended June&nbsp;30, 2006 (unaudited)  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>General partner</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Limited partner</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Capital<BR>
(deficit)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Accumulated<BR>
other<BR>
comprehensive<BR>
loss</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Capital<BR>
(deficit)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Accumulated<BR>
other<BR>
comprehensive<BR>
loss</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Total</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1>Balance at January 1, 2003</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>1,835,689</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>31,837,957</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(3,668,759</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>30,004,887</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1><BR>
Partners' distributions</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(1,010,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(9,690,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(10,700,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1><BR>
Comprehensive income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Net earnings for the year</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>723,674</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>6,366,543</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>7,090,217</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Reclassification adjustment for realized losses on swap transactions</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>7,442,801</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>7,442,801</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Change in fair value of swap agreements</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(10,717,036</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(10,717,036</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=1>Total comprehensive income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>3,815,982</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1>Balance at December 31, 2003</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>1,549,363</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>28,514,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(6,942,994</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>23,120,869</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1><BR>
Partners' distributions</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(1,152,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(10,497,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(11,650,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1><BR>
Comprehensive income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Net earnings for the year</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>1,237,661</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>9,102,949</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>10,340,610</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Reclassification adjustment for realized losses on swap transactions</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>14,402,644</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>14,402,644</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Change in fair value of swap agreements</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(20,517,299</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(20,517,299</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=1>Total comprehensive income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>4,225,955</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1>Balance at December 31, 2004</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>1,634,524</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>27,119,949</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(13,057,649</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>15,696,824</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1><BR>
Partners' contributions</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
12,448,422</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
12,448,422</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1><BR>
24,896,844</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1><BR>
Partners' distributions</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(26,573,077</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(74,330,468</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(100,903,545</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1><BR>
Comprehensive income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Net earnings for the year</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Regular allocation</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>1,483,836</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>11,641,643</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>13,125,479</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Agreed to reallocation</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(420,555</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>420,555</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Unrealized losses on swap transactions</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Reclassification adjustment for realized losses on swap transactions</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>245,977</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>21,224,822</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>21,470,799</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Change in fair value of swap agreements</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>64,731</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(22,595,779</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(22,531,048</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Agreed to reallocation of accumulated other comprehensive loss existing at September 30, 2005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(915,853</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>915,853</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=1>Total comprehensive income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>12,065,230</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1><BR>
Reallocation of partners' capital due to change in ownership percentages effective December 31, 2005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(5,636,525</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(6,453,804</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
5,636,525</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
6,453,804</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1>Balance at December 31, 2005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(17,063,375</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(7,058,949</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(17,063,374</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(7,058,949</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(48,244,647</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1><BR>
Partners' distributions</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(750,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(750,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(1,500,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1><BR>
Comprehensive income (loss) (unaudited)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Net earnings for the period</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>1,774,785</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>1,774,785</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>3,549,570</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Reclassification adjustment for realized losses on swap transactions</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>6,344,589</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>6,344,589</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>12,689,178</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Change in fair value of swap agreements</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(12,838,129</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(12,838,129</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(25,676,258</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=1>Total comprehensive loss</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(9,437,510</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=1>Balance at June&nbsp;30, 2006 (unaudited)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(16,038,590</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(13,552,489</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(16,038,589</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>(13,552,489</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(59,182,157</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>The accompanying notes are an integral part of these statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=145,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=25672,FOLIO='5',FILE='DISK131:[06HOU0.06HOU1190]GC1190A.;14',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<A NAME="page_gc1190_1_6"> </A>
<P ALIGN="CENTER"><BR><FONT SIZE=2><B><A NAME="gc1190_statements_of_cash_flows">MV Partners, LLC</A>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> STATEMENTS OF CASH FLOWS  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="99%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=5 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Six months ended<BR>
June&nbsp;30,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=5 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=5 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=5><FONT SIZE=1>Cash flows from operating activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>7,090,217</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>10,340,610</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>13,125,479</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>4,803,059</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>3,549,570</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Adjustments to reconcile net earnings to net cash provided by operating activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>5,046,207</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>4,251,712</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>3,792,625</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>1,896,313</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>1,588,513</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Cummulative effect of accounting change</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(89,669</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Unrealized loss on derivative agreements included in net earnings</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>848,072</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>2,897,801</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>(Gain) loss on sale of assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>17,106</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(212,058</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>88,539</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>79,496</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>5,498</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Settlements of asset retirement obligations</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(130,193</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(62,925</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(185,123</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(92,562</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(109,567</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(49,560</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Change in operating assets and liabilities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Accounts receivable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>605,971</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(1,046,362</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(1,727,444</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(540,847</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(565,376</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Prepaid expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(7,095</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(1,766</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>10,405</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(112,501</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(18,249</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Accounts payable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>360,156</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(337,255</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>425,771</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>412,734</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>487,485</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Accrued interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(33,273</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>53,340</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(54,604</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>57,958</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(23,558</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=1>Settlement payable on oil swap agreements</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(154,071</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>705,022</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>301,874</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>818,949</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>777,375</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="24%"><FONT SIZE=1>Net cash provided by operating activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>12,655,796</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>13,690,318</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>16,625,594</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>7,322,599</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>8,589,492</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=5><FONT SIZE=1>Cash flows from investing activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Purchase of oil and gas properties</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(1,108,463</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(1,380,257</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(1,894,933</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(732,013</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(752,468</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Well development costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(172,427</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(297,140</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(380,778</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(299,229</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(46,037</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Proceeds from sale of oil and gas properties</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>67,971</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>315,962</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>119,163</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>105,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Net cash used in investing activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(1,212,919</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(1,361,435</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(2,156,548</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(926,242</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(798,505</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=5><FONT SIZE=1>Cash flows from financing activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Partners' distributions</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(10,700,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(11,650,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(75,206,701</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(6,050,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(1,500,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Proceeds from long term debt</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>115,000,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Payments of long term debt</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(50,000,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(5,500,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Payment of deferred loan costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(1,614</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(76,676</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(458,695</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(4,366</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=1>Net cash used in financing activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(10,701,614</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(11,726,676</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>(10,665,396</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(6,054,366</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(7,000,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=5><FONT SIZE=1>Net increase in cash and cash equivalents</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>741,263</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>602,207</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>3,803,650</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>341,991</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>790,987</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=5><FONT SIZE=1>Cash and cash equivalents, beginning of period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>2,048,728</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>2,789,991</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>3,392,198</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>3,392,198</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>7,195,848</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=5><FONT SIZE=1>Cash and cash equivalents, end of period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>2,789,991</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>3,392,198</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>7,195,848</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>3,734,189</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>7,986,835</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=5><FONT SIZE=1><B>Supplemental cash flow information</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Cash paid during the period for interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>710,047</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>663,305</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>1,554,564</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>468,330</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>2,889,058</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=5><FONT SIZE=1><B>Noncash investing and financing information</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Issuance of note payable to general partner in lieu of cash distribution</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>24,896,844</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Conversion of notes payable to partners capital</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>24,896,844</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Accrued distributions at year end</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>800,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Asset retirement cost and obligation recorded upon drilling of new oil and gas wells</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>103,955</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>48,508</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>327,943</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>163,972</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>2,764</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=1>Decrease in asset retirement cost and obligation due to changes in timing of estimated cash flows</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>767,719</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>65,988</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>553,540</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>276,770</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>372,520</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>The accompanying notes are an integral part of these statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-6</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=146,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=922456,FOLIO='6',FILE='DISK131:[06HOU0.06HOU1190]GC1190A.;14',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ge1190_1_7"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ge1190_mv_partners,_llc_notes_to_fina__mv_05241"> </A>
<A NAME="toc_ge1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>MV Partners, LLC    <BR>    <BR>    NOTES TO FINANCIAL STATEMENTS    <BR>    <BR>    For the years ended December&nbsp;31, 2003, 2004 and 2005<BR>  (information for the six months ended June&nbsp;30, 2005 and 2006 is
unaudited)    <BR>    </B></FONT></P>

<P><FONT SIZE=2><B>NOTE A&#151;SUMMARY OF ACCOUNTING POLICIES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary of the significant accounting policies consistently applied in the preparation of the accompanying financial statements follows. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;History and business activity</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners, LP. (the "Partnership") was organized March&nbsp;10, 1998 between MV Energy, LLC, the general partner, and TIFD III-X, Inc, the limited partner, to engage in
acquisition, exploration, development and production of oil and gas. During 2002, TIFD III-X,&nbsp;Inc. transferred its partnership interest to Aircraft Services Corporation, a related
entity. During 2005, Aircraft Services Corporation sold its partnership interest to VAP-I, LLC. The Partnership is a working interest owner in oil and gas properties in Colorado, Oklahoma
and Kansas. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective
August 1, 2006, the Partnership was converted to a limited liability company and the name was changed to MV Partners,&nbsp;LLC. This conversion is not considered a change in
reporting entity under accounting principles generally accepted in the United States of America and therefore capital balances in the accompanying financial statements which existed prior to the date
of conversion continue to reflect the capital accounts of the entity as a limited partnership. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Partnership
revenues and costs were generally allocated 95% to the limited partner and 5% to the general partner prior to Payout 1 except for hedging gains and losses which were
generally allocated 100% to the limited partner. Payout 1 occurred on the last day of the month during which the total cash distributions paid to the limited partner discounted at 11% annually
compounded monthly equaled the capital contributions paid by the limited partner. Subsequent to Payout 1 and prior to Payout 2, revenues and costs were to be allocated 60% to the limited partner and
40% to the general partner with Payout 2 occurring the last day of the month during which the total cash distribution paid to the limited partner discounted at 15% annually compounded monthly equaled
the capital contributions paid by the limited partner. After Payout 2, revenues and costs are allocated 50% to the limited partner and 50% to the general partner. As a result of the distribution made
to the limited partner during December&nbsp;2005, both Payout 1 and Payout 2 occurred. The occurrence of Payout 1 and Payout 2 was effective December&nbsp;31, 2005, thus revenues and costs were
allocated 95% to the limited partner and 5% to the general partner throughout 2005. As a result of Payout 1 and 2 occurring during 2005 as described above, future cash distributions will be allocated
50% to the general partner and 50% to the limited partner. The partners have agreed to make a special reallocation as of December&nbsp;31, 2005 to equalize the general partner and limited partner
capital accounts. Such reallocation is shown in the accompanying statements of changes in partners' capital (deficit). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Interim financial statements</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
financial information as of June&nbsp;30, 2006 and for the six months ended June&nbsp;30, 2005 and 2006 is unaudited. In the opinion of management, such information contains all
adjustments, consisting only of normal recurring accruals, considered necessary for a fair presentation of the results of the interim periods, except that the results of operations for the six months
ended June&nbsp;30, 2006 include a charge for $592,708 that represents ad valorem tax expense for the prior year that was not accrued at December&nbsp;31, 2005. MV's management does not expect
that the correction of this error will be material to the financial statements for the year ended December&nbsp;31, 2006. The results of operations for the six month period ended June&nbsp;30,
2006 are not necessarily indicative of the results of operations that will be realized for the year ended December&nbsp;31, 2006. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-7</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=147,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=804622,FOLIO='7',FILE='DISK131:[06HOU0.06HOU1190]GE1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<A NAME="page_ge1190_1_8"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Oil and gas properties</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership follows the successful efforts method of accounting for oil and gas property acquisition, exploration, development and production activities. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil
and gas property acquisition costs, exploration well costs and development well costs are capitalized as incurred. Net capitalized costs of unproven property and exploration well
costs are reclassified as proved property and well costs when related proved reserves are found. If an exploration well is
unsuccessful in finding proved reserves, the capitalized well costs are charged to exploration expense. Other exploration costs, including geological and geophysical costs, and the costs of carrying
unproved property are charged to exploration expense as incurred. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Producing
leasehold costs are amortized by property using the unit-of-production method based upon total estimated proved reserves. Capitalized exploration well
costs and development costs and lease equipment (plus estimated future equipment dismantlement, surface restoration, and property abandonment costs, net of equipment salvage values) are amortized by
property using the unit-of-production method based on estimated proved developed reserves. Due to uncertainties inherent in this estimation process, it is at least reasonably
possible that reserve quantities will be revised in the near term. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership reviews its long-lived assets, including its oil and gas properties, for impairment whenever events or circumstances indicate that the carrying amount of an
asset may not be recoverable. The Partnership determines whether an impairment has occurred by estimating the undiscounted expected future net cash flows of its oil and gas properties at a field level
and compares such cash flows to the carrying amount of the oil and gas properties to determine if the carrying amount is recoverable. For those oil and gas properties for which the carrying amount
exceeds the undiscounted estimated future cash flows, an impairment is determined to exist. The carrying amount of such properties is adjusted to their estimated net fair value based on relevant
market information or discounted cash flows. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costs
of retired, sold or abandoned properties that constitute a part of an amortization base are charged or credited, net of proceeds, to the accumulated depreciation, depletion and
amortization reserve. Gains or losses from the disposal of other properties are recognized currently. Expenditures for maintenance, repairs and minor renewals necessary to maintain properties in
operating condition are expensed as incurred. Major replacements and renewals are capitalized. All properties are stated at cost. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Revenue recognition</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues
from the sale of oil and gas production are recognized as oil and gas is produced and sold. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Interest income</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest
income is recognized as earned. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-8</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=148,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=657534,FOLIO='8',FILE='DISK131:[06HOU0.06HOU1190]GE1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<A NAME="page_ge1190_1_9"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Derivatives</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership uses swap and collar agreements to mitigate the effects of fluctuations in the prices of crude oil. These agreements involve the exchange of amounts based on a
fluctuating oil price for amounts based on a fixed oil price over the life of the agreement, without an exchange of the notional amount upon which the payments are based. The differential paid or
received is recognized as an adjustment of oil and gas revenue. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership follows Statement of Financial Accounting Standards (SFAS) No.&nbsp;133, "Accounting for Derivative Instruments and Hedging Activities." The Partnership accounts for
the derivatives as follows: </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Swap agreements  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The swap agreements qualify as cash flow hedges. As such, all of the Partnership's swap agreements are recorded on the balance sheet at fair value. For all
derivatives designated as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is recorded as a component of other comprehensive income (loss) and reclassified into
earnings as the underlying hedged item effects earnings. The ineffective portion of the unrealized gain or loss on the derivative instrument is charged directly to earnings. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Collar agreements  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Partnership enters into collar agreements. Under these agreements, the Partnership pays the counterparty if oil prices exceed a defined ceiling price and the
counterparty pays the Partnership if oil prices are less than a defined floor price. These agreements are recorded on the balance sheet at fair value and the resulting gains or losses are recorded in
earnings. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership's trade accounts receivable are due primarily from two crude oil dealers. State law requires that receipts for crude oil sales are paid within one month following the
related production and that receipts for natural gas sales are paid within two months following the related production. The Partnership considers the trade receivables to be fully collectible and has
historically not experienced any collection issues. Accordingly, an allowance for doubtful accounts is not required. If amounts become uncollectible, they will be charged to operations when that
determination is made. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Cash equivalents</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of the statements of cash flows, the Partnership considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents. Cash
equivalents are stated at cost which approximates market value. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Deferred loan costs</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred
loan costs are being amortized over the term of the related loan. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-9</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=149,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=664005,FOLIO='9',FILE='DISK131:[06HOU0.06HOU1190]GE1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<A NAME="page_ge1190_1_10"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Use of estimates</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions
that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and
expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting these financial statements include estimates for quantities of proved oil and
gas reserves, asset retirement obligations and others, and are subject to change. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Income taxes</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal
and state income taxes are the liability of the individual partners; accordingly, the financial statements do not include any provision for federal or state income taxes. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Asset retirement obligations</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statement
of Financial Accounting Standards (SFAS) No.&nbsp;143, "Accounting for Asset Retirement Obligations," requires that the fair value of a liability for an asset retirement
obligation be recognized in the period in which it is incurred. The liability is measured at discounted fair value and is adjusted to its present value in subsequent periods as accretion expense is
recorded. Such accretion expense is included in depreciation, depletion and amortization in the accompanying statements of earnings. The corresponding asset retirement costs are capitalized as part of
the carrying amount of the related long-lived asset and amortized over the asset's useful life. The Partnership's asset retirement obligations are primarily associated with the plugging of
abandoned oil wells. SFAS No.&nbsp;143 was effective for the Partnership January&nbsp;1, 2003 and it was adopted on that date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Recently issued accounting standards</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
May&nbsp;2005, the FASB issued SFAS No.&nbsp;154, </FONT><FONT SIZE=2><I>Accounting Changes and Error Corrections</I></FONT><FONT SIZE=2>. SFAS No.&nbsp;154 supercedes SFAS
No.&nbsp;3, </FONT><FONT SIZE=2><I>Reporting Accounting Changes in Interim Financial Statements</I></FONT><FONT SIZE=2>, and APB Opinion No.&nbsp;20, </FONT><FONT SIZE=2><I>Accounting
Changes.</I></FONT><FONT SIZE=2> SFAS No.&nbsp;154 requires, unless impracticable, retrospective application to prior periods' financial statements of changes in accounting principle. The provisions
of SFAS No.&nbsp;154 also require that a change in depreciation, amortization, or depletion method for long-lived, non-financial assets be accounted for as a change in
accounting estimate effected by a change in accounting principle. SFAS No.&nbsp;154 is effective for all accounting changes made in fiscal years beginning after December&nbsp;15, 2005. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-10</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=150,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=204651,FOLIO='10',FILE='DISK131:[06HOU0.06HOU1190]GE1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<A NAME="page_ge1190_1_11"> </A>
<BR>

<P><FONT SIZE=2><B>NOTE B&#151;OIL AND GAS PROPERTIES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil and gas properties are carried at cost and consist of the following at: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="46%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="46%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>June&nbsp;30,<BR>
2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="46%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="46%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="46%"><FONT SIZE=2>Producing leaseholds</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>65,611,135</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>65,180,888</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>64,904,502</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="46%"><FONT SIZE=2>Lease equipment</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>22,661,044</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>24,260,772</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>24,841,858</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="46%"><FONT SIZE=2>Well development costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>3,200,838</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>3,581,617</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>3,627,653</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>91,473,017</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>93,023,277</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>93,374,013</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="46%"><FONT SIZE=2><BR>
Less accumulated depreciation, depreciation and amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
34,616,375</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
37,739,074</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
39,058,702</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="46%"><FONT SIZE=2>Net oil and gas properties</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>56,856,642</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>55,284,203</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>54,315,311</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership's oil and gas activities are conducted entirely in the United States. Costs incurred in oil and gas producing activities for the years ended December&nbsp;31 and for
the six months ended June&nbsp;30 are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Property acquisition costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,212,418</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,428,765</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,222,876</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>895,985</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>755,231</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Development costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>172,427</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>297,140</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>380,778</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>299,229</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>46,037</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="26%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,384,845</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,725,905</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,603,654</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,195,214</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>801,268</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The results of operations for oil and gas producing activities, excluding corporate overhead and interest costs for the years ended
December&nbsp;31 and for the six months ended June&nbsp;30 are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Revenues from oil and gas sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>28,036,399</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>30,825,753</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>35,954,916</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>15,317,735</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>17,806,484</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Less</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="26%"><FONT SIZE=2>Lease operating expense</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>14,859,677</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>15,287,658</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>17,157,995</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,781,994</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>9,578,365</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="26%"><FONT SIZE=2>Depreciation, depletion, and amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,046,207</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>4,251,712</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>3,792,625</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,896,313</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,588,513</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Income from oil and gas operations</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>8,130,515</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>11,286,383</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>15,004,296</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,639,428</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>6,639,606</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease operating expense includes those costs incurred to operate and maintain productive wells and related equipment and include costs such as
labor, repairs and maintenance, materials, supplies, fuel consumed and insurance. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation,
depletion and amortization include costs associated with capitalized acquisitions and development costs. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-11</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=151,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=321240,FOLIO='11',FILE='DISK131:[06HOU0.06HOU1190]GE1190A.;23',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_gg1190_1_12"> </A> </FONT></P>

<P><FONT SIZE=2><B>NOTE C&#151;NOTE PAYABLE  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During 2003, 2004 and part of 2005, the Partnership had a revolving note payable to a bank with a maximum balance outstanding of $25,000,000. The note's interest
rate was adjusted quarterly based upon the bank's base rate plus an applicable margin which was based upon the Partnership's earnings before interest, taxes, depreciation and amortization ("EBITDA")
for the prior quarter. The note's effective rate at December&nbsp;31, 2003 and 2004 was 2.53% and 2.79%, respectively. The note was collateralized by a first priority mortgage, security interest and
assignment of production on all of the Partnership's oil and gas properties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
September&nbsp;30, 2005, the Partnership refinanced the note payable with a finance company for $25,000,000. The note's interest rate was adjusted quarterly based upon the bank's
base rate plus an applicable margin which was based upon the Partnership's EBITDA, as defined in the agreement, for the prior quarter. The note was collateralized by a first priority mortgage,
security interest and assignment of production on all of the Partnership's oil and gas properties. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
December&nbsp;21, 2005, through a series of transactions in connection with the Limited Partner ownership change (see Note&nbsp;G), the Partnership refinanced their debt with
another lender and borrowed an additional $65,000,000, bringing the total borrowings to $90,000,000. The note's interest rate is adjusted quarterly based upon the bank's base rate plus an applicable
margin which is based upon the Partnership's EBITDA, as defined in the agreement, for the prior quarter. The note's effective rate at December&nbsp;31, 2005 was 6.60%. Interest is payable quarterly.
The note is collateralized by a first priority mortgage, security interest and assignment of production on all of the Partnership's oil and gas properties and matures December&nbsp;19, 2008. Below
are further details of the Partnership's credit agreement with the primary lender at December&nbsp;31, 2005. </FONT></P>

<UL>

<P><FONT SIZE=2><B> Borrowing Base:  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Partnership's initial borrowing base is $95&nbsp;million. The borrowing base is reduced to $90&nbsp;million on July&nbsp;1, 2006 and $85&nbsp;million
on January&nbsp;1, 2007. The borrowing base thereafter is determined periodically by the lender. The Partnership must maintain $5&nbsp;million of availability under the borrowing base at all times
and has classified $10&nbsp;million of the outstanding borrowings as a current liability at December&nbsp;31, 2005. The Partnership pays a fee of 0.125% to 0.375% on the unused portion of the
borrowing base depending upon the portion of the borrowing base utilized by the Partnership. </FONT></P>

<UL>

<P><FONT SIZE=2><B> Letters of Credit:  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The credit agreement with the Partnership's primary lender provides for the issuance of letters of credit. When the lender issues a letter of credit, an initial
fee is charged and a quarterly fee is charged for the amount available on the letter of credit. If the Partnership's primary lender honors a letter of credit, the lender may require immediate
collateralization of cash to cover such drawing and interest will be due based upon the Eurodollar rate plus an applicable margin of 1.00% to 1.75% depending upon the amount of the Partnership's
borrowing base currently being used. At December&nbsp;31, 2005, the Partnership did not have any outstanding Letters of Credit with the Partnership's primary lender. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-12</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=152,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=250977,FOLIO='12',FILE='DISK131:[06HOU0.06HOU1190]GG1190A.;26',USER='MBLOUNT',CD=';6-NOV-2006;23:24' -->
<A NAME="page_gg1190_1_13"> </A>
<UL>

<P><FONT SIZE=2><B> Swing Line Loan:  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Partnership has a revolving credit facility. This revolving facility is completely discretionary by the lender. The swing line loans are based upon the Bank's
base rate plus an applicable margin of 0% to 0.75% based upon the unused portion of the borrowing base. At December&nbsp;31, 2005, the Partnership did not have an outstanding balance on the Swing
Line Loan. </FONT></P>

<UL>

<P><FONT SIZE=2><B> Aggregate Commitment Amount:  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The total of all commitments for the Borrowing Base, Letters of Credit and Swing Line Loan can not exceed $200&nbsp;million. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership is subject to certain financial covenants associated with the borrowings including current ratio and interest coverage ratio requirements. In addition, the Partnership is
required to enter into swap agreements in the future to cover 90% of the next three years of estimated production with a fixed price per barrel of a minimum of $55. The bank determined compliance with
the 90% hedging requirement based on the engineering estimates in existence at the time the financial covenants were established. The bank has not required the Partnership to increase the hedged
quantities as revised engineering estimates have been prepared. The Partnership is in compliance with the required debt covenants at December&nbsp;31, 2005 and June&nbsp;30, 2006 (unaudited). </FONT></P>


<P><FONT SIZE=2><B>NOTE D&#151;FINANCIAL INSTRUMENTS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Partnership uses swap and collar agreements to reduce the effects of fluctuations in crude oil prices. At December&nbsp;31, 2005, the Partnership's hedging
activities included swap agreements maturing through the year 2008 (2010 at June&nbsp;30, 2006 (unaudited)). Under these arrangements, the Partnership will effectively receive fixed prices for the
oil production hedged. The price source for the commodity type hedge is the New York Mercantile Exchange for the monthly activity. The agreements covered 838,427 barrels, 830,520 barrels and 771,368
barrels of crude oil production in the years ended December&nbsp;31, 2003, 2004 and 2005, respectively. The Partnership produced 1,197,847 barrels of crude oil in 2003, 1,126,812 barrels of crude
oil in 2004 and 1,057,906 barrels of crude oil in 2005. The Partnership had agreements covering 394,489 barrels and 443,565 barrels of crude oil production in the six months ended June&nbsp;30, 2005
and 2006, respectively (unaudited). The Partnership produced 520,186 barrels and 515,116 barrels of crude oil in the six months ended June&nbsp;30, 2005 and 2006 respectively (unaudited). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gains
and losses on the hedging transactions are recognized when the hedged production is sold and, through September&nbsp;29, 2005, allocated 100% to the limited partner. Subsequent
to September&nbsp;29, 2005, the gains and losses on the hedging transaction were allocated as shown in Note&nbsp;I. The Partnership recorded a hedging loss of $7,442,801, $14,402,644 and
$21,470,799 in 2003, 2004 and 2005, respectively, which is reflected as a reduction of oil and gas sales in the statements of earnings. The Partnership reduced oil and gas sales to record hedging
losses of $10,911,701 and $12,689,178 for the six months ended June&nbsp;30, 2005 and 2006, respectively (unaudited). In addition, the Partnership has recorded income of $59,539 for the year ended
December&nbsp;31, 2003, a loss of $848,072 for the year ended December&nbsp;31, 2005 and a loss of $1,720,372 for the six months ended June&nbsp;30, 2006 (unaudited), which reflects the
ineffective portion of the unrealized gain or loss on the hedge at December&nbsp;31, 2003 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-13</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=153,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=886762,FOLIO='13',FILE='DISK131:[06HOU0.06HOU1190]GG1190A.;26',USER='MBLOUNT',CD=';6-NOV-2006;23:24' -->
<A NAME="page_gg1190_1_14"> </A>
<BR>

<P><FONT SIZE=2>and
2005 and June&nbsp;30, 2006, respectively. These gains and losses have also been reflected as an increase or decrease of oil and gas sales in the December&nbsp;31, 2003 and 2005 and the
June&nbsp;30, 2006 statements of earnings. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
notional volume and fair market value of outstanding swap agreements at December&nbsp;31, 2004 and 2005 and June&nbsp;30, 2006 (unaudited) are as follows: </FONT></P>

<P><FONT SIZE=2><B><I>2004  </I></B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="47%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="11%" ALIGN="LEFT"><FONT SIZE=1><B>Year<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="28%" ALIGN="CENTER"><FONT SIZE=1><B>Notional<BR>
volume</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Fixed price</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Fair value</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2005</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>394,489 Bbls<BR>
376,879 Bbls</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$<BR></FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>23.82<BR>
33.60</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$<BR></FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>(7,451,518<BR>
(3,299,325</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>)<BR>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
2006</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2><BR>
359,565 Bbls</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
33.60</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(2,306,806</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>(13,057,649</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B><I>2005  </I></B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="49%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="11%" ALIGN="LEFT"><FONT SIZE=1><B>Year<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="19%" ALIGN="CENTER"><FONT SIZE=1><B>Notional<BR>
volume</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Fixed price</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Fair value</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2006</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>359,565 Bbls<BR>
168,000 Bbls<BR>
335,320 Bbls</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$<BR><BR></FONT></TD>
<TD WIDTH="24%" ALIGN="RIGHT"><FONT SIZE=2>33.60<BR>
59.14-59.60<BR>
63.96</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$<BR><BR></FONT></TD>
<TD WIDTH="24%" ALIGN="RIGHT"><FONT SIZE=2>(10,481,507<BR>
(644,937<BR>
258,243</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>)<BR>)<BR></FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
2007</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2><BR>
192,000 Bbls<BR>
495,000 Bbls</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="24%" ALIGN="RIGHT"><FONT SIZE=2><BR>
58.25-58.60<BR>
63.16-65.12</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="24%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(999,696<BR>
54,918</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>)<BR></FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
2008</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2><BR>
374,000 Bbls<BR>
360,000 Bbls<BR>
45,000 Bbls</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="24%" ALIGN="RIGHT"><FONT SIZE=2><BR>
56.39-56.58<BR>
60.70<BR>
62.99</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="24%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(2,308,106<BR>
(869,640<BR>
24,755</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>)<BR>)<BR></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="24%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="24%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="24%" ALIGN="RIGHT"><FONT SIZE=2>(14,965,970</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="24%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>MVF-14</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=154,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=109050,FOLIO='14',FILE='DISK131:[06HOU0.06HOU1190]GG1190A.;26',USER='MBLOUNT',CD=';6-NOV-2006;23:24' -->
<A NAME="page_gg1190_1_15"> </A>

<P><FONT SIZE=2><B><I>2006 (Unaudited)  </I></B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="53%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="10%" ALIGN="LEFT"><FONT SIZE=1><B>Year<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="25%" ALIGN="CENTER"><FONT SIZE=1><B>Notional<BR>
volume</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Fixed price</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Fair value</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2006</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2>84,000 Bbls<BR>
335,320 Bbls</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$<BR></FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2>59.14-59.60<BR>
63.96</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$<BR></FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2>(1,358,893<BR>
(3,857,137</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>)<BR>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
2007</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2><BR>
192,000 Bbls<BR>
495,000 Bbls</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2><BR>
58.25-59.60<BR>
63.16-65.12</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(3,216,335<BR>
(5,546,671</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>)<BR>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
2008</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2><BR>
374,000 Bbls<BR>
360,000 Bbls<BR>
45,000 Bbls</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2><BR>
56.39-56.58<BR>
60.70<BR>
62.99</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(5,787,808<BR>
(4,205,611<BR>
(445,353</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>)<BR>)<BR>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
2009</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2><BR>
480,000 Bbls</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2><BR>
64.30-64.60</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(2,914,747</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
2010</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2><BR>
444,000 Bbls</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2><BR>
63.30-63.80</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(2,340,866</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><BR><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(29,673,421</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="25%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="22%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><BR><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the year ending December&nbsp;31, 2005, the Partnership has also entered into a collar transaction covering 120,000 barrels of oil during 2007 under which the Partnership will
receive payments if oil prices fall below $61 per barrel or make payments if oil prices rise above $68 per barrel. The collar had a nominal fair value at December&nbsp;31, 2005 and ($1,177,430) at
June&nbsp;30, 2006 (unaudited), which is included in oil swap agreements in the accompanying balance sheets. The resulting loss of $1,177,430 for the six months ended June&nbsp;30, 2006
(unaudited) is reflected as a decrease to oil and gas sales in the accompanying statement of earnings. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership's swap and collar agreements expose it to market and credit risks that may at times be concentrated with certain counterparties or groups of counterparties.
Counterparties to the Partnership's financial instruments are major financial institutions and an energy company, and their credit worthiness is subject to continuing review, however, full performance
is anticipated. The carrying values of the Partnership's other financial instruments (cash equivalents and note payable) approximate their fair values. The estimated amount of unrealized loss at
December&nbsp;31, 2005 expected to be reclassified into earnings in the next 12&nbsp;months is $10,544,349. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-15</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=155,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=348707,FOLIO='15',FILE='DISK131:[06HOU0.06HOU1190]GG1190A.;26',USER='MBLOUNT',CD=';6-NOV-2006;23:24' -->
<A NAME="page_gg1190_1_16"> </A>
<BR>

<P><FONT SIZE=2><B>NOTE E&#151;RELATED PARTIES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Energy, LLC, the sole manager, is comprised of two independent oil companies who serve as the operator of the oil and gas wells of the Partnership. Below is a
summary of the transactions that occurred between the Partnership and the operators: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="92%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Lease operating expense incurred</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>12,801,668</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>12,908,370</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>13,965,723</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>7,259,927</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>8,411,651</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Capitalized lease equipment and producing leaseholds costs incurred</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>1,004,679</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>1,277,268</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>1,863,349</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>726,822</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>581,504</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Payment of well development costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>172,427</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>297,140</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>380,778</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>299,229</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>46,037</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Payment of management fees</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>60,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>60,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>60,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>30,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>30,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Sale of natural gas</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>554,270</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>549,128</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>542,501</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>220,439</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>302,449</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Purchase of working interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>70,575</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The members of the Partnership's sole manager, MV Energy, LLC and certain members of the Partnership's limited partner, VAP-I, LLC,
have a minority ownership interest in two of the Partnership's customers. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
summary of sales and trade receivables with these two customers follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="98%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>June&nbsp;30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Sales(1)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="21%"><FONT SIZE=2>Eaglwing, L.P.</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>20,321,668</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>26,756,152</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>35,290,153</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>15,974,780</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>21,728,163</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="21%"><FONT SIZE=2>SemCrude, L.P.</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>10,445,956</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>13,764,683</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>17,628,316</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,426,809</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>8,350,677</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>30,767,624</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>40,520,835</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>52,918,469</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>23,401,589</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>30,078,840</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2><BR>
Trade receivables</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="21%"><FONT SIZE=2>Eaglwing, L.P.</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,724,229</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,362,788</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,902,791</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,784,663</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,386,952</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="21%"><FONT SIZE=2>SemCrude, L.P.</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>879,529</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,214,575</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,624,013</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,306,128</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,603,758</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>3,577,363</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>4,526,804</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>4,090,791</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,386,952</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Sales
amounts shown above are prior to reductions for realized losses on swap transactions. </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>MVF-16</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=156,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=158241,FOLIO='16',FILE='DISK131:[06HOU0.06HOU1190]GG1190A.;26',USER='MBLOUNT',CD=';6-NOV-2006;23:24' -->
<A NAME="page_gg1190_1_17"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary of the Partnership's outstanding swap agreements with SemCrude,&nbsp;L.P. are as follows: (The Partnership had no related party
contracts at December&nbsp;31, 2004.) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="69%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="8%" ALIGN="LEFT"><FONT SIZE=1><B>Year<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="19%" ALIGN="CENTER"><FONT SIZE=1><B>Notional<BR>
volume</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Fixed<BR>
price</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December 31,<BR>
2005<BR>
Fair<BR>
value</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>June&nbsp;30,<BR>
2006<BR>
Fair<BR>
value</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="8%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="19%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>2007</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>495,000 Bbls</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>63.16-65.12</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>54,918</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>(5,546,671</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>2008</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>360,000 Bbls<BR>
45,000 Bbls</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>60.70<BR>
62.99</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>(869,640<BR>
24,755</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>)<BR></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>(4,205,611<BR>
(445,353</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)<BR>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>(789,967</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>(10,197,635</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
December&nbsp;31, 2005 and June&nbsp;30, 2006 (unaudited), the Partnership had an outstanding collar transaction with SemCrude,&nbsp;L.P. covering 120,000
barrels of oil during 2007 under which the Partnership will receive payments if oil prices fall below $61 per barrel or make payments if oil prices rise above $68 per barrel. The fair value of the
collar was nominal at December&nbsp;31, 2005 and ($1,177,430) at June&nbsp;30, 2006 (unaudited). </FONT></P>


<P><FONT SIZE=2><B>NOTE F&#151;CONCENTRATION OF CREDIT RISK  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial instruments, which potentially subject the Partnership to credit risk, consist primarily of cash, cash equivalents, trade receivables and swap
agreements. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership maintains cash and cash equivalents with one financial institution. At times, such amounts may exceed the F.D.I.C. limits. The Partnership places its cash and cash
equivalents with a high credit quality financial institution and believes that no significant concentration of credit risk exists with respect to these cash investments. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade
receivables subject the Partnership to the potential for credit risk with customers. Approximately 90%, 91% and 92% of the Partnership's trade receivables balance at
December&nbsp;31, 2004 and 2005 and June&nbsp;30, 2006 (unaudited), respectively, was represented by two customers (one at June&nbsp;30, 2006) (unaudited). Management continually evaluates the
credit worthiness of the customers and believes full payment will be made. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership has entered into certain swap agreements as discussed in Note&nbsp;D. </FONT></P>

<P><FONT SIZE=2><B>NOTE G&#151;LIMITED PARTNER OWNERSHIP CHANGE  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During 2005, Aircraft Services Corporation sold its limited partnership interest to a newly formed entity&#151;VAP-I, LLC ("VAP"). VAP is an
LLC with five members, one of which is MV Energy, LLC, which has a 37.4% ownership interest. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the transaction, the Partnership obtained a loan on December&nbsp;21, 2005 from a new lender for $90,000,000. The proceeds from the loan were used to make a cash
distribution to VAP of $64,656,706 and to pay off previously existing debt of $25,000,000. The Partnership also made a distribution to MV Energy, LLC in the form of a note payable for $24,896,844. MV
Energy then contributed $12,448,422 of the note to VAP for its ownership percentage in VAP and contributed the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-17</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=157,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=672491,FOLIO='17',FILE='DISK131:[06HOU0.06HOU1190]GG1190A.;26',USER='MBLOUNT',CD=';6-NOV-2006;23:24' -->
<A NAME="page_gg1190_1_18"> </A>
<BR>

<P><FONT SIZE=2>remaining
$12,448,422 of the note back to the Partnership as a capital contribution. VAP also contributed their $12,448,422 note to the Partnership as a capital contribution. </FONT></P>

<P><FONT SIZE=2><B>NOTE H&#151;ASSET RETIREMENT OBLIGATION  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Partnership adopted SFAS No.&nbsp;143, </FONT><FONT SIZE=2><I>"</I></FONT><FONT SIZE=2>Accounting for Asset Retirement
Obligations,</FONT><FONT SIZE=2><I>"</I></FONT><FONT SIZE=2> effective January&nbsp;1, 2003. SFAS No.&nbsp;143 requires that the fair value of a liability for an asset retirement obligation be
recognized in the period in which the liability is incurred. The liability is measured at discounted fair value and is adjusted to its present value in subsequent periods as accretion expense is
recorded. Such accretion expense is included in depreciation, depletion and amortization in the accompanying statements of earnings. The corresponding asset retirement costs are capitalized as part of
the carrying amount of the related long-lived asset and amortized over the asset's useful life. If the fair value of the estimated asset retirement obligation changes, an adjustment is
recorded for both the asset retirement obligation and the asset retirement cost. The Partnership's asset retirement obligations are primarily associated with the plugging and abandoning of oil and gas
properties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
estimated plug and abandon dates change routinely based upon additional engineering data and changes in the price of oil impacting the date when the well is no longer economically
feasible to operate. Those changes in the plug and abandon dates are remeasured on an annual basis based upon the then current plug and abandon dates of the wells using the original measurement date
rates. Asset retirement obligations on new wells drilled are calculated on their initial measurement date based upon the then current interest rate environment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior
to the adoption of SFAS No.&nbsp;143, the Partnership determined that the salvage value from well equipment would approximately offset the cost of plugging and abandoning the
well and therefore had not established salvage values on the Partnership's equipment, neither had it established an asset retirement obligation. In connection with the adoption of SFAS No.&nbsp;143,
the Partnership also established salvage values on its well equipment and restated accumulated depreciation on such equipment. This resulted in a net increase to equipment of $3,381,793 as of
January&nbsp;1, 2003. In addition, the Partnership recorded a net asset retirement cost, the balance of which was $4,947,363 at January&nbsp;1, 2003 ($7,469,207 of costs less accumulated depletion
of $2,521,844) for a total increase to assets at January&nbsp;1, 2003 of $8,329,156. The Partnership also recorded an asset retirement obligation, the balance of which was $8,239,487 as of
January&nbsp;1, 2003, resulting in a cumulative effect of change in accounting principle of $89,669 in 2003. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-18</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=158,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=599554,FOLIO='18',FILE='DISK131:[06HOU0.06HOU1190]GG1190A.;26',USER='MBLOUNT',CD=';6-NOV-2006;23:24' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_gi1190_1_19"> </A> </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
activity in the asset retirement obligation during the years ended December&nbsp;31 and for the period ended June&nbsp;30, 2006 is as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="84%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="49%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="49%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>June&nbsp;30,<BR>
2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="49%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="49%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>(unaudited)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="49%"><FONT SIZE=2>Asset retirement obligation&#151;beginning of period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,708,729</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,868,746</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,695,180</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="49%"><FONT SIZE=2>Liabilities incurred during the period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>48,508</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>327,943</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,764</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="49%"><FONT SIZE=2>Liabilities settled during the period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(62,925</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(185,123</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(109,567</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="49%"><FONT SIZE=2>Decrease in asset retirement obligation due to changes in timing of estimated cash flows</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(65,988</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(553,540</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(372,520</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="49%"><FONT SIZE=2>Accretion expense</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>240,422</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>237,154</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>121,370</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="49%"><FONT SIZE=2>Asset retirement obligation&#151;end of period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,868,746</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,695,180</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,337,227</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>NOTE I&#151;PARTNERSHIP AMENDMENTS AND INCOME ALLOCATIONS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In conjunction with VAP purchasing the limited partnership interest as described in Note&nbsp;G, all parties agreed to the following: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#150;</FONT></DT><DD><FONT SIZE=2>Reallocation
of $420,555 of 2005 earnings to the limited partner from the general partner
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#150;</FONT></DT><DD><FONT SIZE=2>Reallocation
of 5% of the recognized but unrealized swap losses reflected in accumulated other comprehensive loss at September&nbsp;30, 2005 from the limited partner to
the general partner </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
part of the Contribution Agreement for the formation of VAP, all parties agreed the hedging gains and losses would no longer be 100% allocated to the limited partner. Effective
September&nbsp;29, 2005, swap gains and losses are allocated in the same manner as other revenues and expenses. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
distribution made on December&nbsp;21, 2005 (see Note&nbsp;G) was enough to reach Payout 1 and Payout 2, as defined in the partnership agreement. This caused a change in the
sharing of future distributions to 50% limited partner and 50% general partner beginning with the last day of the month that the distribution occurred (December&nbsp;31, 2005). The distribution, as
described above, was in excess of the amounts in partners' capital, and in effect, represented a distribution of future earnings. Rather than continuing to allocate future earnings based on pre Payout
1 and 2 allocations until the partner capital accounts are equalized, the partners agreed to make a special reallocation of partners' capital for financial statement purposes as of December&nbsp;31,
2005 to equalize the general partner and limited partner capital accounts. Such reallocation is shown in the accompanying statements of changes in partners' capital (deficit). As a result, revenues
and expenses subsequent to December&nbsp;31, 2005 will be allocated 50% to the general partner and 50% to the limited partner. For income tax purposes, the partnership intends to continue to
allocate future earnings based on pre Payout 1 and 2 allocations until the partner accounts are equalized for tax purposes. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-19</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=159,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=971128,FOLIO='19',FILE='DISK131:[06HOU0.06HOU1190]GI1190A.;14',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<A NAME="page_gi1190_1_20"> </A>
<BR>

<P><FONT SIZE=2><B>NOTE J&#151;DISCLOSURES ABOUT OIL AND GAS ACTIVITIES (UNAUDITED)  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The estimates of proved reserves and related valuations were based on the reports of Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc., independent petroleum and
geological engineers, and the contract property management engineering staff of the sole manager of the Partnership, in accordance with the provisions of SFAS No.&nbsp;69, </FONT> <FONT SIZE=2><I>Disclosures about Oil and Gas Producing
Activities</I></FONT><FONT SIZE=2>. Users of this information should be aware that the process of estimating quantities of "proved" and
"proved developed" natural gas, natural gas liquids and crude oil reserves is very complex, requiring significant subjective decisions in the evaluation of all available geological, engineering and
economic data for each reservoir. The data for a given reservoir may also change substantially over time as a result of numerous factors, including additional development activity, evolving production
history and continual reassessment of the viability of production under varying economic conditions. Consequently, material revisions to existing reserve estimates occur from time to time. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-20</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=160,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=121758,FOLIO='20',FILE='DISK131:[06HOU0.06HOU1190]GI1190A.;14',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<A NAME="page_gi1190_1_21"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnerships' oil and gas reserves are attributable solely to properties within the United States. A summary of the Partnerships' changes in quantities of proved oil and gas reserves
for the years ended December&nbsp;31, 2003, 2004 and 2005 are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="80%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="55%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="14%" ALIGN="CENTER"><FONT SIZE=1><B>Oil<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Gas<BR>
(Mcf)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>NGL<BR>
(Bbls)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Balance at January 1, 2003</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>16,472,230</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,552,088</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>143,123</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Revisions of previous estimates</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>307,789</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(910,403</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(26,364</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Extensions and discoveries</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>13,608</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(1,197,847</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(116,122</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(2,734</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Balance at December 31, 2003</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,595,780</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,525,563</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>114,025</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Revisions of previous estimates</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>1,444,657</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(282,855</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(875</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Purchase of minerals in place</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>16,127</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Extensions and discoveries</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>846</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Sales of minerals in place</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(15,448</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(1,126,812</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(103,540</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(4,674</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Balance at December 31, 2004</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,915,150</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,139,168</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>108,476</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Revisions of previous estimates(1)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>3,053,651</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>309,242</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5,492</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Sales of minerals in place</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(5,155</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(1,057,906</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(89,117</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(4,575</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Balance at December 31, 2005</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>17,905,740</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,359,293</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>109,393</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>Proved developed reserves:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2><BR>
December 31, 2003</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><BR>
14,913,460</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
1,348,538</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
114,025</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2><BR>
December 31, 2004</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><BR>
15,317,009</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
1,139,168</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
108,476</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2><BR>
December 31, 2005</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><BR>
15,888,099</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
1,062,701</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
109,393</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD><FONT SIZE=1>Reserve
revisions in 2005 reflect the increase in crude oil prices during the year which has lengthened the economic life of the underlying properties and thereby increased
recoverable reserves. In addition, in 2005 MV Partners expanded the scope of its maintenance and development project scheduling from a forward range of 24 to 36&nbsp;months to 60&nbsp;months,
which also increased recoverable reserves. This expanded scope reflects management's budgeted project activity over the 60&nbsp;month period commencing January&nbsp;1, 2006. The expanded scope
accommodates additional infield drilling, recompletion and workover projects in the El Dorado Area in addition to 14&nbsp;Bemis infield drilling locations that have been further refined by recent
3-D seismic activity. </FONT></DD></DL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following information was developed using procedures prescribed by SFAS No.&nbsp;69. The standardized measure of discounted future net cash
flows should not be viewed as representative of the Partnership's current value. It and the other information contained in the following tables may be useful for certain comparative purposes, but
should not be solely relied upon in evaluating the Partnership or its performance. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-21</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=161,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=283250,FOLIO='21',FILE='DISK131:[06HOU0.06HOU1190]GI1190A.;14',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<A NAME="page_gi1190_1_22"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership believes that, in reviewing the information that follows, the following factors should be taken into account: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>future
costs and sales prices will probably differ from those required to be used in these calculations;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>actual
rates of production achieved in future years may vary significantly from the rates of production assumed in the calculations;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>a
10% discount rate may not be reasonable as a measure of the relative risk inherent in realizing future net oil and gas reserves; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>income
taxes are not taken into consideration because the Partnership is a pass-thru entity for tax purposes. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the standardized measure, future cash inflows were estimated by applying year-end oil and gas prices, adjusted for location and quality differences, to the estimated
future production of year-end proved reserves. Future cash inflows do not reflect the impact of future production that is subject to open hedge and other derivative positions (see
Note&nbsp;D&#151;Financial Instruments). Future cash inflows were reduced by estimated future development, abandonment and production costs based on year-end costs to arrive at
net cash flows. Use of a 10% discount rate and year-end prices and costs are required by SFAS No.&nbsp;69. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
general, management does not rely on the following information in making investment and operating decisions. Such decisions are based upon a wide range of factors, including estimates
of probable and possible as well as proved reserves and varying price and cost assumptions considered more representative of a range of possible economic conditions that may be anticipated. The
standardized measure of discounted future net cash flows relating to proved oil and gas reserves are as follows at December&nbsp;31,: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="86%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Future cash inflows</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>486,589,300</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>669,493,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>1,050,284,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Future costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="37%"><FONT SIZE=2>Production</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(247,548,255</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(299,008,800</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(395,987,600</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="37%"><FONT SIZE=2>Development and abandonment</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(3,077,645</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(3,260,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(16,513,600</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Future net cash flows</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>235,963,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>367,224,600</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>637,782,800</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Less effect of 10% discount factor</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(114,627,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(185,616,900</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(333,250,300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Standardized measure of discounted future net cash flows</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>121,336,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>181,607,700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>304,532,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
cash flows as shown above were reported without consideration for the effects of hedge and other derivative transactions outstanding at each period end. If the effects of hedge
and other derivative transactions were included in the computation, then future cash flows would have decreased by $9,816,900, $14,175,700 and $7,655,100 in 2003, 2004 and 2005, respectively. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-22</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=162,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=328832,FOLIO='22',FILE='DISK131:[06HOU0.06HOU1190]GI1190A.;14',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<A NAME="page_gi1190_1_23"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
changes in standardized measure of discounted future net cash flows relating to proved oil and gas reserves are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="87%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Standardized measure&#151;beginning of year</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>126,210,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>121,336,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>181,607,700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Sales of oil and gas produced, net of production costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(20,559,984</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(29,940,739</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(41,115,792</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Net change in prices and production costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>4,428,376</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>57,356,656</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>94,091,763</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Extensions and discoveries</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>132,238</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>17,355</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Changes in estimated future development costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>330,065</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(349,338</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(11,516,747</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Development costs incurred during the period which reduce future development costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>120,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>165,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Revisions of previous quantity estimates</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>1,084,814</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>15,933,831</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>53,096,437</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Accretion of discount</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>12,621,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>12,133,640</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>18,160,770</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Purchase of reserves in place</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>146,696</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Sales of reserves in place</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(136,766</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(22,001</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2>Changes in production rates and other</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(3,030,109</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>4,944,965</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>10,230,370</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Standardized measure&#151;end of year</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>121,336,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>181,607,700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>304,532,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average prices in effect at December&nbsp;31, 2003, 2004 and 2005 used in determining future net revenues related to the standardized measure
calculation are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="72%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="60%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="60%"><FONT SIZE=2>Oil (per Bbl)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>30.55</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>41.46</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>57.79</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="60%"><FONT SIZE=2>Gas (per Mcf)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>5.18</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>7.89</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="60%"><FONT SIZE=2>NGL (per Bbl)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>21.96</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>34.62</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>43.74</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>MVF-23</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=163,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=198461,FOLIO='23',FILE='DISK131:[06HOU0.06HOU1190]GI1190A.;14',USER='JGRINER',CD=';6-NOV-2006;21:22' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_gk1190_1_24"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="gk1190_mv_partners,_llc_unaudi__gk102369"> </A>
<A NAME="toc_gk1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>MV Partners, LLC    <BR>    <BR>    UNAUDITED PRO FORMA FINANCIAL INFORMATION    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following unaudited pro forma financial statements have been prepared to illustrate the conveyance of a net profits interest in all the underlying properties by MV Partners to the
Trust and the payment of long-term debt obligations by MV Partners. The unaudited pro forma balance sheet is presented as of June&nbsp;30, 2006, giving effect to an issuance of
11,500,000 trust units at $20.00 per unit, the net profits interest conveyance and the payment of MV Partners' long-term debt obligations as if they occurred on June&nbsp;30, 2006. The
unaudited pro forma statements of earnings present the historical statements of earnings of MV Partners for the year ended December&nbsp;31, 2005 and the six months ended June&nbsp;30, 2006,
giving effect to the net profits interest conveyance and payment of MV Partners' long-term debt obligations as if they occurred as of January&nbsp;1, 2005 reflecting only pro forma
adjustments expected to have a continuing impact on the combined results. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
unaudited pro forma financial statements are for informational purposes only. They do not purport to present the results that would have actually occurred had the unit offering,
net profits interest conveyance, and payment of long-term obligations been completed on the assumed dates or for the periods presented. Moreover, they do not purport to project MV
Partners' financial position or results of operations for any future date or period. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
produce the pro forma financial information, management made certain estimates. These estimates are based on the most recently available information. To the extent there are
significant changes in these amounts, the assumptions and estimates herein could change significantly. The unaudited pro forma financial statements should be read in conjunction with "Management's
Discussion and Analysis of Financial Condition and Results of Operations of MV Partners, LLC" and the audited historical financial statements of MV Partners, LLC included in this prospectus and
elsewhere in the registration statement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-24</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=164,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=774534,FOLIO='24',FILE='DISK131:[06HOU0.06HOU1190]GK1190A.;41',USER='MBLOUNT',CD=';6-NOV-2006;23:27' -->
<A NAME="page_gk1190_1_25"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="gk1190_mv_partners,_llc_unaudited_pro_forma_balance_sheet"> </A>
<A NAME="toc_gk1190_2"> </A>
<BR></FONT><FONT SIZE=2><B>MV Partners, LLC    <BR>    <BR>    UNAUDITED PRO FORMA BALANCE SHEET    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="96%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>June 30, 2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Historical</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Adjustments</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Pro Forma</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=13 ALIGN="CENTER"><FONT SIZE=2><B>ASSETS</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><BR><FONT SIZE=2><B>CURRENT ASSETS</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Cash and cash equivalents</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,986,835</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>8,000,000</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;&nbsp;(a)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>15,986,835</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Accounts receivable&#151;oil and gas sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5,857,630</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5,857,630</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Prepaid expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>100,185</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>100,185</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>Total current assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>13,944,650</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>8,000,000</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>21,944,650</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><BR><FONT SIZE=2><B>OIL AND GAS PROPERTIES AND EQUIPMENT</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
93,374,013</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(32,270,397)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>(b)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
61,103,616</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Less accumulated depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>39,058,702</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(13,498,829)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(b)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>25,559,873</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>54,315,311</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(18,771,568)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(b)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>35,543,743</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><BR><FONT SIZE=2><B>OTHER ASSETS</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Deferred loan costs, net of accumulated amortization of $74,999 in 2006</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>373,730</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>373,730</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>Total other assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>373,730</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>373,730</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>68,633,691</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(10,771,568</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>57,862,123</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=13 ALIGN="CENTER"><BR><FONT SIZE=2><B>LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><BR><FONT SIZE=2><B>CURRENT LIABILITIES</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Accounts payable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Trade</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>87,781</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>87,781</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Related parties</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,030,728</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,030,728</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Due to general partner</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>531,234</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>531,234</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Settlement payable on oil swap agreements</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,369,585</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,369,585</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Accrued interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>108,442</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>108,442</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Deferred gain on sale</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>9,747,184</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;&nbsp;(c)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>9,747,184</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Current maturities of note payable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>4,500,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>4,500,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Hedge and other derivative agreements</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>9,870,616</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>9,870,616</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>Total current liabilities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>19,498,386</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>9,747,184</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>29,245,570</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><BR><FONT SIZE=2><B>LONG-TERM LIABILITIES</B></FONT><FONT SIZE=2>, less current maturities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Note payable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>80,000,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(61,000,000</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)(d)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>19,000,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Deferred gain on sale</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>116,010,489</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;&nbsp;(c)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>116,010,489</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Asset retirement obligation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,337,227</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>7,337,227</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Hedge and other derivative agreements</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>20,980,235</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>20,980,235</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>Total long-term liabilities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>108,317,462</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>55,010,489</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>163,327,951</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><BR><FONT SIZE=2><B>PARTNERS' CAPITAL (DEFICIT)</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>General partner</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Capital account</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(16,038,590</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(37,764,620)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(e)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(53,803,210</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Accumulated other comprehensive loss</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(13,552,489</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(13,552,489</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Limited partner</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Capital account</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(16,038,589</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(37,764,621)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(f)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(53,803,210</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Accumulated other comprehensive loss</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(13,552,489</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(13,552,489</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(59,182,157</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(75,529,241</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(134,711,398</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>68,633,691</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(10,771,568</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>57,862,123</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=4><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>The accompanying notes are an integral part of these unaudited pro forma financial statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-25</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=165,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=116840,FOLIO='25',FILE='DISK131:[06HOU0.06HOU1190]GK1190A.;41',USER='MBLOUNT',CD=';6-NOV-2006;23:27' -->
<A NAME="page_gk1190_1_26"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="gk1190_mv_partners,_llc_unaudi__gk102440"> </A>
<A NAME="toc_gk1190_3"> </A>
<BR></FONT><FONT SIZE=2><B>MV Partners, LLC    <BR>    <BR>    UNAUDITED PRO FORMA STATEMENTS OF EARNINGS    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December 31, 2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>Six months ended June 30, 2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Historical</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Adjustments</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Pro Forma</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Historical</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Adjustments</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Pro Forma</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Revenue</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>Oil and gas sales</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>35,954,916</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(28,763,933)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(g)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>7,190,983</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>17,806,484</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(14,245,187)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(g)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>3,561,297</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>Interest income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>207,392</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>207,392</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>129,506</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>129,506</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>36,162,308</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(28,763,933</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>7,398,375</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>17,935,990</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(14,245,187</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>3,690,803</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Costs and expenses</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>Lease operating</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>17,157,995</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(13,726,396)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(h)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>3,431,599</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>9,578,365</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(7,662,692)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(h)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1,915,673</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>Depreciation, depletion and amortization</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3,792,625</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(2,403,770)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(i)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1,388,855</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,588,513</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(1,024,761)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(i)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>563,752</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>General and administrative</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>497,710</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>497,710</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>348,544</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>348,544</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>Loss on sale of assets</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>88,539</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>88,539</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5,498</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>5,498</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>Interest</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,499,960</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(1,442,278)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(j)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>57,682</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,865,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(1,916,366)</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>(j)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>949,134</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23,036,829</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(17,572,444</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>5,464,385</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>14,386,420</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(10,603,819</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>3,782,601</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net earnings (loss)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>13,125,479</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(11,191,489</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1,933,990</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3,549,570</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(3,641,368</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>(91,798</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>The accompanying notes are an integral part of these unaudited pro forma financial statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-26</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=166,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=983216,FOLIO='26',FILE='DISK131:[06HOU0.06HOU1190]GK1190A.;41',USER='MBLOUNT',CD=';6-NOV-2006;23:27' -->
<A NAME="page_gk1190_1_27"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="gk1190_mv_partners,_llc_notes_to_the___mv_02857"> </A>
<A NAME="toc_gk1190_4"> </A>
<BR></FONT><FONT SIZE=2><B>MV Partners, LLC    <BR>    <BR>    NOTES TO THE UNAUDITED PRO FORMA FINANCIAL INFORMATION    <BR>    </B></FONT></P>

<P><FONT SIZE=2><B>NOTE A&#151;BASIS OF PRESENTATION  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV Partners will convey the net profits interest in oil and natural gas producing properties located in the States of Kansas and Colorado to the MV Oil Trust (the
"Trust"). The net profits interest entitles the Trust to receive 80% of the net proceeds attributable to MV Partners' interest from the sale of production from the underlying properties. The net
profits interest will terminate and the underlying properties will revert back to MV Partners on the later to occur of (1) June&nbsp;30, 2026, or (2) when 14.4 MMBoe have been produced from the
underlying properties and sold. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
proceeds of the offering will be used to repay approximately $61.0&nbsp;million of indebtedness of MV Partners under its bank credit facility and to distribute the remaining
$77.0&nbsp;million to its members. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
unaudited pro forma balance sheet assumes the issuance of 11,500,000 trust units at $20.00 per unit and estimated direct transaction costs to be incurred by MV Partners of
approximately $12.0&nbsp;million (comprised of underwriter, legal, accounting and other fees). </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners will sell 7,500,000 of the trust units to the public for cash of $150.0&nbsp;million and recognize a deferred gain of $125.8&nbsp;million. MV Partners will also sell
4,000,000 of the trust units to its members in exchange for a cash down payment of $8.0&nbsp;million and notes receivable for $72.0&nbsp;million in the aggregate. The notes will be paid off in
forty (40) quarterly payments beginning July&nbsp;2007, including
interest at 7.25%. The notes will be collateralized by each member's ownership interest in MV Partners. In accordance with accounting rules for transactions among related parties, the notes receivable
were recorded at the historical carrying value of the trust units sold to the members and no gain on sale has been reflected. The excess of down payment over the historical carrying value has been
recorded as a capital contribution by the members. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MV
Partners has entered into hedge and other derivative arrangements with institutional third parties with respect to the volumes of oil production for the periods covered by these pro
forma statements and the years following until 2010 such that MV Partners would be entitled to receive payments from the counterparties in the event that reference prices for oil contracts traded on
NYMEX for the periods covered are less than the fixed prices specified for the hedge and other derivatives. MV Partners will also be required to make payments to the counterparties in the event that
reference prices for oil contracts traded on NYMEX for the periods covered are more than the fixed prices specified for the hedge and other derivatives. Although these hedge and other derivative
arrangements will not be directly dedicated or pledged to the Trust, MV Partners expects that payments received or made by it under these hedge and other derivative arrangements will affect its
financial obligations to make payments to the Trust. The effects of these hedge and other derivative arrangements, if any, are reflected in these unaudited pro forma financial statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>MVF-27</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=167,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=237194,FOLIO='27',FILE='DISK131:[06HOU0.06HOU1190]GK1190A.;41',USER='MBLOUNT',CD=';6-NOV-2006;23:27' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_gm1190_1_28"> </A> </FONT></P>

<P><FONT SIZE=2><B>NOTE B&#151;PRO FORMA ADJUSTMENTS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro forma adjustments are necessary to reflect the issuance of the Trust units, the conveyance of the net profits interest, the sale of trust units and the
payment of MV Partners' long-term obligations and distributions using proceeds from the offering. The pro forma adjustments included in the unaudited pro forma balance sheet are as
follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="3%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="73%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>June 30, 2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>(a)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Gross cash proceeds from the sale of the trust units</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>150,000,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Cash down payment on related party notes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>8,000,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Partial repayment of outstanding borrowing on revolving credit facility</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(61,000,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Payment of transaction fees and costs from the sale of trust units</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(12,000,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Distribution to partners</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(77,000,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>8,000,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>(b)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Reduction in property due to conveyance of net profits interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(32,270,397</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Reduction of associated accumulated depreciation, depletion, and amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>13,498,829</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(18,771,568</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Net oil and gas properties and equipment</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>54,315,311</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Hedge and other derivative agreements</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(30,850,851</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>23,464,460</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2><BR>
80% Net profits interest conveyance</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
18,771,568</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>(c)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Deferred gain on sale of net profits interest is calculated as follows:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Gross cash proceeds from the sale of the trust units</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>150,000,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Less: Net book value of conveyed net profits interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(12,242,327</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transaction fees and costs from the sale of trust units</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(12,000,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Deferred gain on sale</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>125,757,673</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Current portion of deferred gain</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>9,747,184</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Long-term portion of deferred gain</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>116,010,489</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
(d)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2><BR>
Partial repayment of outstanding borrowing on revolving credit facility</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
(61,000,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
(e)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2><BR>
Capital contribution recorded for payment in excess of historical carrying value</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
735,380</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>To record distribution of remaining cash to general partner</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(38,500,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(37,764,620</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
(f)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2><BR>
Capital contribution recorded for payment in excess of historical carrying value</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
735,379</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>To record distribution of remaining cash to limited partner</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(38,500,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(37,764,621</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2><BR>
Receivable from related party for sale of 34.8% of trust units at historical value</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
(6,529,241</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2><BR>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Cash down payment on receivable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>8,000,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>Capital contribution from members</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>1,470,759</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>MVF-28</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=168,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=179629,FOLIO='28',FILE='DISK131:[06HOU0.06HOU1190]GM1190A.;36',USER='ALOEW',CD=';9-NOV-2006;02:01' -->
<A NAME="page_gm1190_1_29"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
pro forma adjustments included in the unaudited pro forma statements of earnings are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="3%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="55%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Year ended<BR>
December&nbsp;31,<BR>
2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Six months<BR>
ended June&nbsp;30,<BR>
2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>(g)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2>Decrease in oil and gas sales attributable to net profits interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(28,763,933</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(14,245,187</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>(h)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2>Decrease in lease operating expenses attributable to the net profits interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>13,726,396</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>7,662,692</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>(i)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2>Reduce depreciation on assets sold to Trust</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(2,403,770</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(1,024,761</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>(j)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2>To reduce interest expense due to reduction of debt</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(1,442,278</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>(1,916,366</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>MVF-29</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=169,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=430548,FOLIO='29',FILE='DISK131:[06HOU0.06HOU1190]GM1190A.;36',USER='ALOEW',CD=';9-NOV-2006;02:01' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="page_go1190_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<A NAME="go1190_summary_reserve_report"> </A>
<A NAME="toc_go1190_1"> </A>
<P ALIGN="RIGHT"><FONT SIZE=2><B>Appendix A  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4>Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=1><B>PETROLEUM CONSULTANTS  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="33%"><BR><FONT SIZE=1><B> AUSTIN OFFICE:</B></FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER"><FONT SIZE=1><B><BR>
MAIN OFFICE:</B></FONT></TD>
<TD WIDTH="33%" ALIGN="RIGHT"><FONT SIZE=1><B><BR>
HOUSTON OFFICE:</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=1>9601 AMBERGLEN BLVD., SUITE 117<BR>
AUSTIN, TEXAS 78729<BR>
(512) 249-7000<BR>
FAX (512) 233-2618</FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER"><FONT SIZE=1>306 WEST 7<SUP>TH</SUP> STREET, SUITE 302<BR>
FORT WORTH, TEXAS 76102-4987<BR>
(817) 336-2461<BR>
FAX (817) 877-3728</FONT></TD>
<TD WIDTH="33%" ALIGN="RIGHT"><FONT SIZE=1>1000 LOUISIANA, SUITE 625<BR>
HOUSTON, TEXAS 77002-5008<BR>
(713) 651-9944<BR>
FAX (713) 651-9980</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>September
11, 2006 </FONT></P>

<P><FONT SIZE=2>MV
Partners, LLC<BR>
250 N. Water, Suite 300<BR>
Wichita, Kansas 67202 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="80%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="5%"><FONT SIZE=2>Re:</FONT></TD>
<TD WIDTH="37%"><FONT SIZE=2>Evaluation Summary<BR></FONT> <FONT SIZE=2><B><I>MV Partners,&nbsp;LLC Interests</I></B></FONT><FONT SIZE=2><BR>
Total Proved Reserves<BR>
Certain Oil and Gas Assets&#151;KS&nbsp;&amp;&nbsp;CO<BR>
<U>As of June 30, 2006</U></FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="50%"><FONT SIZE=2><I>Pursuant to the Guidelines of the Securities and Exchange Commission for Reporting Corporate Reserves and Future Net Revenue</I></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>Gentlemen:
</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
requested, we are submitting our estimates of total proved reserves and forecasts of economics attributable to MV Partners, LLC ("Company") interests in certain oil and gas properties
located in Kansas and Colorado. This report includes results for the SEC price scenario and includes the hedge revenue gain or loss. A composite summary of the proved reserves is presented below. </FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="99%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="9%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Proved<BR>
Developed<BR>
Producing</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="CENTER"><FONT SIZE=1><B>Proved<BR>
Developed<BR>
Non-Producing</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Proved<BR>
Undeveloped</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Total<BR>
Proved</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Net Reserves</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>Oil</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;MBBL</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>16,259.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>200.6</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,964.8</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>18,424.3</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>Gas</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;MMCF</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,083.5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>39.8</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>298.3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,421.6</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>NGL</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;MBBL</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>106.1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>0.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>0.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>106.1</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Revenue</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>Oil</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,149,183.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>14,177.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>138,871.5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,302,231.9</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>Gas</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>5,362.6</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>236.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,585.1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,183.8</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>NGL</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>6,012.9</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>0.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>0.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>6,012.9</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>Hedge</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(35,816.9</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>0.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>0.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(35,816.9</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Severance Taxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>5,959.3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>543.7</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>6,010.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>12,513.4</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Ad Valorem Taxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>28,863.6</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>360.3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>3,511.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>32,735.4</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Operating Expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>324,398.7</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,982.1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>17,405.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>343,786.2</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Workover Expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>22,040.8</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>0.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>0.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>22,040.8</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>COPAS</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>63,196.1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>169.8</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>4,189.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>67,555.2</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Investments</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>0.0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,070.2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>15,778.5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>16,848.7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Net Operating Income (BFIT)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>-&nbsp;M$</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>680,283.2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>10,287.3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>93,561.6</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>784,131.9</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2><B>Discounted @ 10%</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><B>-&nbsp;M$</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><B>302,813.0</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><B>4,797.6</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><B>51,126.2</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><B>358,736.8</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
discounted cash flow value shown above should not be construed to represent an estimate of the fair market value by Cawley, Gillespie &amp; Associates, Inc. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>A-1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=170,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=183959,FOLIO='A-1',FILE='DISK131:[06HOU0.06HOU1190]GO1190A.;33',USER='JBAKER',CD=';8-NOV-2006;10:16' -->
<A NAME="page_go1190_1_2"> </A>

<P><FONT SIZE=2><I>MV Partners,&nbsp;LLC Interests<BR>  </I></FONT><FONT SIZE=2>September 11, 2006<BR>
Page 2 </FONT></P>

<P><FONT SIZE=2><B><U>Presentation</U>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This report is divided into four main sections: Summary, Proved Developed Producing ("PDP"), Proved Developed Non-Producing ("PDNP") and Proved Undeveloped
("PUD"). Within each reserve category section are grand total Table I's and Table II summaries. The Table I's present composite reserve estimates and economic forecasts for the particular reserve
category. Following the tables are Table II "oneline" summaries that present estimates of ultimate recovery, gross and net reserves, ownership, revenue, expenses, investments, net income and
discounted cash flow ("DCF") for the individual properties that make up the corresponding Table I. The properties in each Table II are sorted based on DCF. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
a more detailed description of the report layout, please refer to the Table of Contents following this letter. The data presented in each Table I is explained in page 1 of the
Appendix. The methods employed in estimating reserves are described in page 2 of the Appendix. </FONT></P>

<P><FONT SIZE=2><B><U>Hydrocarbon Pricing</U>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As requested, oil and gas prices were adjusted to the NYMEX June 30<SUP>th</SUP>, 2006 closing WTI Cushing oil price of $73.93 per BBL and Henry Hub natural
gas price of $6.104 per MMBTU. Prices were not escalated in accordance with Securities and Exchange Commission ("SEC") guidelines. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil
price differentials were forecast at -$3.25 per BBL for all properties and were not escalated. Gas and NGL price differentials were forecast on a per property basis as provided by
your office and were also not escalated. Gas price differentials include adjustments for transportation and basis differential. Gas prices were further adjusted with a heating value (BTU content)
applied on a per-property basis. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
"Hedge Position" case was included to model the gain/(loss) in revenue due to the Company's current pricing hedge position. The hedge forecast is located in "Hedge Revenue" (column 15)
in the attached tables. A summary of the annual gain/(loss) in revenue is presented below: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="29%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="18%" ALIGN="LEFT"><FONT SIZE=1><B>Year<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="28%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="49%" ALIGN="CENTER"><FONT SIZE=1><B>SEC Hedge<BR>
Gain/(Loss), M$</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="18%"><FONT SIZE=2>2006</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="RIGHT"><FONT SIZE=2>(4,578.8</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="18%"><FONT SIZE=2>2007</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="RIGHT"><FONT SIZE=2>(8,551.1</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="18%"><FONT SIZE=2>2008</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="RIGHT"><FONT SIZE=2>(11,794.3</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="18%"><FONT SIZE=2>2009</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="RIGHT"><FONT SIZE=2>(5,215.7</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="18%"><FONT SIZE=2>2010</FONT></TD>
<TD WIDTH="28%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="RIGHT"><FONT SIZE=2>(5,677.0</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>)</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B><U>Expenses and Taxes</U>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease operating expenses, workover expenses, COPAS overhead charges and investments were forecast on a per property basis as furnished by your office. Workover
expenses were forecast at $73.82 per month per net well for all producing properties. Expenses and investments were held constant in accordance with SEC guidelines. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Severance
tax rates were applied at normal state percentages of oil and gas revenue, except for those Kansas producing properties that are severance tax exempt. Ad valorem taxes of 2.5%
of total revenue were applied to each property as provided by your office. Oil and gas conservation tax rates were applied to all Kansas properties at rates of $0.0547 per BBL and $0.00913 per MCF,
respectively. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>A-2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=171,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=180037,FOLIO='A-2',FILE='DISK131:[06HOU0.06HOU1190]GO1190A.;33',USER='JBAKER',CD=';8-NOV-2006;10:16' -->
<A NAME="page_go1190_1_3"> </A>

<P><FONT SIZE=2><I>MV Partners,&nbsp;LLC Interests<BR>  </I></FONT><FONT SIZE=2>September 11, 2006<BR>
Page 3 </FONT></P>

<P><FONT SIZE=2><B><U>Miscellaneous</U>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An on-site field inspection of the properties has <U>not</U> been performed nor has the mechanical operation or condition of the wells and
their related facilities been examined, nor have the wells been tested by Cawley, Gillespie &amp; Associates, Inc. Possible environmental liability related to the properties has
<U>not</U> been investigated nor considered. The cost of plugging and the salvage value of equipment at abandonment have <U>not</U> been included except as
noted above. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
proved reserve classifications used herein conform to the criteria of the Securities and Exchange Commission as defined in page 3 of the Appendix. The reserves and economics are
predicated on regulatory agency classifications, rules, policies, laws, taxes and royalties in effect on the effective date, except as noted herein. The possible effects of changes in legislation or
other Federal or State restrictive actions have not been considered. All reserve estimates represent our best judgment based on data available at the time of preparation, and assumptions as to future
economic and regulatory conditions. It should be realized that the reserves actually recovered, the revenue derived therefrom and the actual cost incurred could be more or less than the estimated
amounts </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
reserve estimates and forecasts were based upon interpretations of factual data furnished by your office. Production data, ownership information, price differentials, expense data
and tax details were furnished by MV Partners, LLC, and were accepted as furnished. To some extent, information from public records was used to check and/or supplement these data. The basic
engineering and geological data were utilized subject to third party reservations and qualifications. Nothing has come to our attention, however, that would cause us to believe that we are not
justified in relying on such data. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
report was prepared for the exclusive use of MV Partners, LLC. Third parties should not rely on it without the written consent of the above and Cawley, Gillespie &amp; Associates, Inc.
We are independent registered professional engineers and geologists. We do not own an interest in the properties or MV Partners, LLC and are not employed on a contingent basis. Our work papers and
related data are available for inspection and review by authorized, interested parties. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="65%"><FONT SIZE=2>Yours very truly,</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="65%"><BR><FONT SIZE=2><B>
<IMG SRC="g432140.jpg" ALT="GRAPHIC" WIDTH="415" HEIGHT="76">
 </B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="65%"><BR><FONT SIZE=2><B>CAWLEY, GILLESPIE&nbsp;&amp; ASSOCIATES,&nbsp;INC.</B></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>A-3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=172,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=11992,FOLIO='A-3',FILE='DISK131:[06HOU0.06HOU1190]GO1190A.;33',USER='JBAKER',CD=';8-NOV-2006;10:16' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<HR NOSHADE>
<HR NOSHADE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Until&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2006 (25 days after the date of this prospectus), federal securities laws may require all dealers that effect transactions in the trust units, whether or not
participating in this offering, to deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments
or subscriptions. </FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="96">
<P ALIGN="CENTER"><FONT SIZE=2><B>TABLE OF CONTENTS  </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2><B> <A NAME="HO1190_TOC"></A>

  </B></FONT></P>


<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="100%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#ca1190_prospectus_summary"><FONT SIZE=2>Prospectus Summary</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#cg1190_risk_factors"><FONT SIZE=2>Risk Factors</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#ci1190_forward-looking_statements"><FONT SIZE=2>Forward-Looking Statements</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#ci1190_use_of_proceeds"><FONT SIZE=2>Use of Proceeds</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#ci1190_mv_partners"><FONT SIZE=2>MV Partners</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#cm1190_the_trust"><FONT SIZE=2>The Trust</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#cm1190_projected_cash_distributions"><FONT SIZE=2>Projected Cash Distributions</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#co1190_the_underlying_properties"><FONT SIZE=2>The Underlying Properties</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#cu1190_computation_of_net_proceeds"><FONT SIZE=2>Computation of Net Proceeds</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#da1190_description_of_the_trust_agreement"><FONT SIZE=2>Description of the Trust Agreement</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dc1190_description_of_the_trust_units"><FONT SIZE=2>Description of the Trust Units</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dc1190_trust_units_eligible_for_future_sale"><FONT SIZE=2>Trust Units Eligible for Future Sale</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#de1190_federal_income_tax_consequences"><FONT SIZE=2>Federal Income Tax Consequences</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dg1190_state_tax_considerations"><FONT SIZE=2>State Tax Considerations</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dg1190_erisa_considerations"><FONT SIZE=2>ERISA Considerations</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dg1190_selling_trust_unitholders"><FONT SIZE=2>Selling Trust Unitholders</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#di1190_underwriting"><FONT SIZE=2>Underwriting</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#di1190_legal_matters"><FONT SIZE=2>Legal Matters</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#di1190_experts"><FONT SIZE=2>Experts</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#di1190_where_you_can_find_more_information"><FONT SIZE=2>Where You Can Find More Information</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#dk1190_glossary_of_certain_oil_and_natural_gas_terms"><FONT SIZE=2>Glossary of Certain Oil and Natural Gas Terms</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#ez1190_index_to_financial_statements"><FONT SIZE=2>Index to Financial Statements</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#fi1190_information_about_mv_partners,_llc"><FONT SIZE=2>Information about MV Partners,&nbsp;LLC</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#fz1190_index_to_financial_statements_of_mv_partners,_llc"><FONT SIZE=2>Index to Financial Statements of MV Partners, LLC</FONT></A></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="100%"><A HREF="#go1190_summary_reserve_report"><FONT SIZE=2>Summary Reserve Report</FONT></A></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="CENTER" WIDTH="96">
<P ALIGN="CENTER"><FONT SIZE=4><B>7,500,000 Trust Units  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>MV OIL TRUST  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=3><B> PROSPECTUS  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=5><B>RAYMOND JAMES  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2006  </B></FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=173,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=241627,FOLIO='blank',FILE='DISK131:[06HOU0.06HOU1190]HO1190A.;40',USER='ALOEW',CD=';9-NOV-2006;01:58' -->
<HR NOSHADE>
<HR NOSHADE>
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ja1190_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ja1190_part_ii_information_not_required_in_prospectus"> </A>
<A NAME="toc_ja1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>PART II<BR>  INFORMATION NOT REQUIRED IN PROSPECTUS    <BR>    </B></FONT></P>

<P><FONT SIZE=2><B>Item 13. Other Expenses Of Issuance And Distribution  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Set forth below are the expenses (other than underwriting discounts and commissions) expected to be incurred in connection with the issuance and distribution of
the securities registered hereby. With the exception of the Securities and Exchange Commission registration fee, the NASD filing and the NYSE listing fee, the amounts set forth below are estimates. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="67%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Registration fee</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>18,458</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>NASD filing fee</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>23,500</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>NYSE listing fee</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>73,500</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Printing and engraving expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Fees and expenses of legal counsel</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Accounting fees and expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Transfer agent and registrar fees</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Trustee fees and expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Miscellaneous</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD><FONT SIZE=2>To
be provided by amendment. </FONT></DD></DL>

<P><FONT SIZE=2><B>Item 14. Indemnification Of Directors And Officers.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust agreement provides that the trustee and its officers, agents and employees shall be indemnified from the assets of the trust against and from any and
all liabilities, expenses, claims, damages or loss incurred by it individually or as trustee in the administration of the trust and the trust assets, including, without limitation, any liability,
expenses, claims, damages or loss arising out of or in connection with any liability under environmental laws, or in the doing of any act done or performed or omission occurring on account of it being
trustee or acting in such capacity, except such liability, expense, claims, damages or loss as to which it is liable under the trust agreement. In this regard, the trustee shall be liable only for its
own fraud or gross negligence or for acts or omissions in bad faith and shall not be liable for any act or omission of any agent or employee unless the trustee has acted in bad faith or with gross
negligence in the selection and retention of such agent or employee. The trustee is entitled to indemnification from the assets of the trust and shall have a lien on the assets of the trust to secure
it for the foregoing indemnification. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the MV Partners, LLC operating agreement and subject to specified limitations, MV Energy, LLC shall not be liable, responsible or accountable in damages or otherwise to MV
Partners, LLC or its members for, and MV Partners, LLC shall indemnify and hold harmless MV Energy, LLC from any costs, expenses, losses or damages (including attorneys' fees and expenses, court
costs, judgments and amounts paid in settlement) incurred by reason of its being the sole manager of MV Partners, LLC. Reference is also made to the Underwriting Agreement to be filed as an exhibit to
this registration statement in which MV Partners, LLC and its affiliates will agree to indemnify the underwriters against certain liabilities, including liabilities under the Securities Act of 1933,
as amended, and to contribute to payments that may be required to be made in respect of these liabilities. Subject to any terms, conditions or restrictions set forth in the operating agreement,
Section&nbsp;17 7670 of the Kansas General Corporation Code empowers a Kansas limited liability company to indemnify and hold harmless any member or manager or other persons from and against all
claims and demands whatsoever. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>II-1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=174,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=532282,FOLIO='II-1',FILE='DISK131:[06HOU0.06HOU1190]JA1190A.;27',USER='KBLACKW',CD=';7-NOV-2006;10:19' -->
<A NAME="page_ja1190_1_2"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the preparation and filing of any shelf registration statement, MV Oil Trust will indemnify MV Partners, LLC and its officers, directors and controlling persons from
and against any liabilities under the Securities Act or any state securities laws arising from the registration statement or prospectus. MV Oil Trust will bear all costs and expenses incidental to any
shelf registration statement, excluding any underwriting discounts and fees. </FONT></P>

<P><FONT SIZE=2><B>Item 15. Recent Sales Of Unregistered Securities.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None. </FONT></P>

<P><FONT SIZE=2><B>Item 16. Exhibits and Financial Statement Schedules.  </B></FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2><I>Exhibits</I></FONT><FONT SIZE=2>. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents are filed as exhibits to this registration statement: </FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="80%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="10%" ALIGN="LEFT"><FONT SIZE=1><B>Exhibit Number<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="3%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="82%" ALIGN="CENTER"><FONT SIZE=1><B>Description</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1.1*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Underwriting Agreement.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.1&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Articles of Organization of MV Partners, LLC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>First Amended and Restated Operating Agreement of MV Partners, LLC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.3&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Certificate of Trust of MV Oil Trust.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.4&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Trust Agreement dated August&nbsp;3, 2006 among MV Partners and JPMorgan Chase Bank, N.A. and Wilmington Trust Company.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.5&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Amended and Restated Trust Agreement among MV Partners and The Bank of New York Trust Company, N.A. (formerly JPMorgan Chase Bank, N.A.) and Wilmington Trust Company.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>4.1*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Unit Certificate.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Opinion of Dorsey &amp; Whitney (Delaware) LLP relating to the validity of the trust units.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>8.1*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Opinion of Vinson &amp; Elkins L.L.P. relating to tax matters.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.1&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Credit Agreement dated as of December&nbsp;21, 2005 among MV Partners, LP (now MV Partners LLC), as borrower, Bank of America, N.A. and the other parties named therein.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.2&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>First Amendment to Credit Agreement dated April&nbsp;28, 2006 by and among MV Partners, LP (now MV Partners, LLC), as borrower, Bank of America, N.A. and the other parties named therein.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.3&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Second Amendment to Credit Agreement dated September&nbsp;7, 2006 by and among MV Partners, LLC, as borrower, Bank of America, N.A. and the other parties named therein.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.4*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Term Net Profits Interest Conveyance.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.5*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Administrative Services Agreement.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.6*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Registration Rights Agreement.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Consent of Grant Thornton LLP.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Consent of Dorsey &amp; Whitney (Delaware) LLP (contained in Exhibit&nbsp;5.1).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.3*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Consent of Vinson &amp; Elkins L.L.P. (contained in Exhibit&nbsp;8.1).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.4</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Consent of Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>24.1&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Power of Attorney.</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#134;</FONT></DT><DD><FONT SIZE=2>Previously
filed.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD><FONT SIZE=2>To
be filed by amendment.
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2><I>Financial Statement Schedules.</I></FONT></DD></DL>
</DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
financial statement schedules are required to be included herewith or they have been omitted because the information required to be set forth therein is not applicable. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>II-2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=175,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=36675,FOLIO='II-2',FILE='DISK131:[06HOU0.06HOU1190]JA1190A.;27',USER='KBLACKW',CD=';7-NOV-2006;10:19' -->
<A NAME="page_ja1190_1_3"> </A>
<BR>

<P><FONT SIZE=2><B>Item 17. Undertakings.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrants hereby undertake: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrants
pursuant to the provisions described in Item 14, or otherwise, the registrants have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the
Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrants of expenses incurred or paid
by a director, officer or controlling person of the registrants in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, the registrants will, unless in the opinion of their respective counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by them is against public policy as expressed in the Securities Act of 1933 and will be governed by
the final adjudication of such issue. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;To
provide to the underwriters at the closing specified in the underwriting agreement, certificates in such denominations and registered in such names as required by the
underwriters to permit prompt delivery to each purchaser. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;For
purpose of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this Registration
Statement in reliance upon Rule&nbsp;430A and contained in the form of prospectus filed by the registrants pursuant to Rule&nbsp;424(b) (1)&nbsp;or (4)&nbsp;or 497(h) under the Securities Act
shall be deemed to be part of this Registration Statement as of the time it was declared effective. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;For
the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be
deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;To
send to each trust unitholder at least on an annual basis a detailed statement of any transactions with the trustees or their respective affiliates, and of fees,
commissions, compensation and other benefits paid, or accrued to the trustees or their respective affiliates for the fiscal year completed, showing the amount paid or accrued to each recipient and the
services performed. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;To
provide to the trust unitholders the financial statements required by Form&nbsp;10-K for the first full fiscal year of operations of the trust. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>II-3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=176,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=443256,FOLIO='II-3',FILE='DISK131:[06HOU0.06HOU1190]JA1190A.;27',USER='KBLACKW',CD=';7-NOV-2006;10:19' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_jc1190_1_4"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="jc1190_signatures"> </A>
<A NAME="toc_jc1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURES    <BR>    </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Wichita, State of Kansas, on November&nbsp;8, 2006.

 </FONT>

</P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2><B>MV Oil Trust</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><B><BR>
By:</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B><BR>
MV Partners, LLC</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><B><BR>
By:</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><B><BR>
MV Energy, LLC,<BR>
its Manager</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><B><BR>
By:</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><B><BR>
Murfin,&nbsp;Inc.,<BR>
Member</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>DAVID L. MURFIN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Name: David L. Murfin<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;Chairman and Chief Executive Officer</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>II-4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=177,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=861969,FOLIO='II-4',FILE='DISK131:[06HOU0.06HOU1190]JC1190A.;24',USER='KBLACKW',CD=';8-NOV-2006;13:02' -->
<A NAME="page_jc1190_1_5"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="jc1190_signatures_1"> </A>
<A NAME="toc_jc1190_2"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURES    <BR>    </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Wichita, State of Kansas, on November&nbsp;8, 2006.

</FONT>

</P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><B>By:</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B>MV Partners, LLC</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><B><BR>
By:</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><B><BR>
MV Energy, LLC,<BR>
its Manager</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><B><BR>
By:</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><B><BR>
Murfin,&nbsp;Inc.,<BR>
Member</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>DAVID L. MURFIN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Name: David L. Murfin<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;Chairman and Chief Executive Officer</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed below by the following persons in the capacities and on the dates
indicated. </FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Signature</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Title</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Date</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="32%" ALIGN="CENTER" VALIGN="TOP"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2>/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>DAVID L. MURFIN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> David L. Murfin</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>(Co-Principal Executive Officer)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2>November&nbsp;8, 2006</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>J. MICHAEL VESS</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> J. Michael Vess</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
(Co-Principal Executive Officer)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><BR>
November&nbsp;8, 2006</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>RICHARD J. KOLL</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Richard J. Koll</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
(Principal Accounting and Financial Officer)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><BR>
November&nbsp;8, 2006</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>II-5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=178,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=733661,FOLIO='II-5',FILE='DISK131:[06HOU0.06HOU1190]JC1190A.;24',USER='KBLACKW',CD=';8-NOV-2006;13:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="je1190_index_to_exhibits"> </A>
<A NAME="toc_je1190_1"> </A>
<BR></FONT><FONT SIZE=2><B>INDEX TO EXHIBITS    <BR>    </B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="80%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="10%" ALIGN="LEFT"><FONT SIZE=1><B>Exhibit Number<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="3%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="82%" ALIGN="CENTER"><FONT SIZE=1><B>Description</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1.1*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Underwriting Agreement.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.1&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Articles of Organization of MV Partners, LLC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>First Amended and Restated Operating Agreement of MV Partners, LLC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.3&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Certificate of Trust of MV Oil Trust.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.4&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Trust Agreement dated August&nbsp;3, 2006 among MV Partners and JPMorgan Chase Bank, N.A. and Wilmington Trust Company.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.5&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Amended and Restated Trust Agreement among MV Partners and The Bank of New York Trust Company, N.A. (formerly JPMorgan Chase Bank, N.A.) and Wilmington Trust Company.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>4.1*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Unit Certificate.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Opinion of Dorsey &amp; Whitney (Delaware) LLP relating to the validity of the trust units.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>8.1*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Opinion of Vinson &amp; Elkins L.L.P. relating to tax matters.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.1&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Credit Agreement dated as of December&nbsp;21, 2005 among MV Partners, LP (now MV Partners LLC), as borrower, Bank of America, N.A. and the other parties named therein.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.2&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>First Amendment to Credit Agreement dated April&nbsp;28, 2006 by and among MV Partners, LP (now MV Partners, LLC), as borrower, Bank of America, N.A. and the other parties named therein.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.3&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Second Amendment to Credit Agreement dated September 7, 2006 by and among MV&nbsp;Partners, LLC, as borrower, Bank of America, N.A. and the other parties named therein.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.4*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Term Net Profits Interest Conveyance.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.5*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Administrative Services Agreement.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.6*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Form of Registration Rights Agreement.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Consent of Grant Thornton LLP.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Consent of Dorsey &amp; Whitney (Delaware) LLP (contained in Exhibit&nbsp;5.1).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.3*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Consent of Vinson &amp; Elkins L.L.P. (contained in Exhibit&nbsp;8.1).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.4</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Consent of Cawley, Gillespie&nbsp;&amp; Associates,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>24.1&#134;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2>Power of Attorney.</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#134;</FONT></DT><DD><FONT SIZE=2>Previously
filed.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD><FONT SIZE=2>To
be filed by amendment. </FONT></DD></DL>
<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=179,EFW="2174313",CP="MV OIL TRUST",DN="1",CHK=830544,FOLIO='blank',FILE='DISK131:[06HOU0.06HOU1190]JE1190A.;22',USER='KBLACKW',CD=';7-NOV-2006;10:19' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>2
<FILENAME>a2174313zex-3_2.htm
<DESCRIPTION>EXHIBIT 3.2
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06HOU1190_2">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 3.2  </B></FONT></P>

<HR NOSHADE>
<P ALIGN="CENTER"><FONT SIZE=2><B>FIRST AMENDED AND RESTATED<BR>
OPERATING AGREEMENT  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=2><B>MV Partners, LLC  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=2><B>Dated as of September&nbsp;1, 2006  </B></FONT></P>

<HR NOSHADE>
<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=301166,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_1"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_first_amended_and_restated_ope__fir02488"> </A>
<A NAME="toc_km1194_1"> </A>
<BR></FONT><FONT SIZE=2><B>FIRST AMENDED AND RESTATED<BR>  OPERATING AGREEMENT    <BR>    <BR>    MV PARTNERS, LLC    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>THIS FIRST AMENDED AND RESTATED OPERATING AGREEMENT</B></FONT><FONT SIZE=2> (this
"</FONT><FONT SIZE=2><B>Agreement</B></FONT><FONT SIZE=2>") is made and entered into as of September&nbsp;1, 2006, by and between </FONT><FONT SIZE=2><B>MV ENERGY, LLC</B></FONT><FONT SIZE=2>, a
Kansas limited liability company (herein sometimes called the "</FONT><FONT SIZE=2><B>Class&nbsp;A Member</B></FONT><FONT SIZE=2>"), and </FONT><FONT SIZE=2><B>VAP-I,
LLC,</B></FONT><FONT SIZE=2> a Kansas limited liability company (herein sometimes called the "</FONT><FONT SIZE=2><B>Class&nbsp;B Member</B></FONT><FONT SIZE=2>"). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B><I>RECITALS</I></B></FONT><FONT SIZE=2><B>:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;The
Class&nbsp;A Member and the Class&nbsp;B Member have heretofore formed a Kansas limited liability company
("</FONT><FONT SIZE=2><B>Company</B></FONT><FONT SIZE=2>") pursuant to the terms of that certain Operating Agreement dated as of August&nbsp;1, 2006 (the </FONT><FONT SIZE=2><B>"Original
Agreement"</B></FONT><FONT SIZE=2>). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;The
Company is the successor, by statutory conversion, to a Kansas limited partnership formed on March&nbsp;26, 1998. Prior to the conversion of the Company to a
limited liability company the Class&nbsp;A Member was the sole general partner of the limited partnership and the Class&nbsp;B Member was the sole limited partner. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;&nbsp;The
Class&nbsp;A Member and Class&nbsp;B Member wish to amend the Original Agreement and, by such amendment, supersede and replace the Original Agreement (in its
entirety) with this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>NOW, THEREFORE,</B></FONT><FONT SIZE=2> in consideration of the foregoing and the mutual covenants and agreements contained herein the parties hereto do hereby
agree to amend and restate the Company's operating agreement as follows: </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_i_formation_of_limited_liability_company"> </A>
<A NAME="toc_km1194_2"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE I<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>FORMATION OF LIMITED LIABILITY COMPANY    <BR>    </I></B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.1. </B></FONT><FONT SIZE=2><B><I>Formation.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The parties hereto have formed a limited liability company pursuant to
the provisions of the Kansas Revised Limited Liability Company Act (K.S.A. 17-7662 et seq.) (such Act, as amended from time to time, or any successor statute or statutes thereto, being
called the "</FONT><FONT SIZE=2><B>Act</B></FONT><FONT SIZE=2>") and the Original Agreement, which Company is hereby continued pursuant to the provisions of this Agreement. The Original Agreement is
hereby superseded in its entirety, and the terms of this Agreement shall govern the Company and the Members as of the date hereof. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.2. </B></FONT><FONT SIZE=2><B><I>Name.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The name of the Company shall be MV Partners, LLC. Subject to all
applicable laws, the business of the Company shall be conducted in the name of the Company unless, under the law of some jurisdiction in which the Company does business, such business must be
conducted under another name. In such a case, the business of the Company in such jurisdiction may be conducted under such other name or names as the Manager shall determine to be necessary so long as
it does not affect adversely the limited liability of the Members hereunder or jeopardize in any manner the title to or ownership of any Company Leases (as herein defined) or other assets. The Manager
shall cause to be filed on behalf of the Company such Company or assumed or fictitious name certificate or certificates or similar instruments as may from time to time be required by law. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.3. </B></FONT><FONT SIZE=2><B><I>Business.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Subject to the other provisions of this Agreement, the business of the
Company shall be: (a)&nbsp;to hold, maintain, renew, explore, drill, develop and operate the Assets (as defined herein) and additional Leases; (b)&nbsp;to produce, collect, store, treat, deliver,
market, sell or otherwise dispose of oil, gas and related hydrocarbons and minerals from the Assets and additional Leases; (c)&nbsp;to farm-out, sell, abandon and otherwise dispose of
the Assets, additional Leases and other Company assets; (d)&nbsp;to enter into swaps, options, future contracts and other transactions to hedge or to </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=2,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=457593,FOLIO='1',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_2"> </A>
<BR>

<P><FONT SIZE=2>otherwise
minimize the risk associated with the fluctuation of prices to be received by the Company from the sale of oil, gas and related hydrocarbons and minerals from the Assets and any additional
Leases acquired pursuant to the terms hereof; and (e)&nbsp;to take all such other actions incidental to any of the foregoing as the Manager may determine to be necessary and appropriate.
Notwithstanding the foregoing and any other provision of this Agreement, the Company shall not acquire (i)&nbsp;any gas plant or similar facilities (other than facilities acquired as part of and at
the same time as the acquisition of any of the Assets), (ii)&nbsp;any refining facilities or (iii)&nbsp;any transportation facilities except pipelines and gathering systems connecting the Assets
or additional Leases acquired pursuant to the terms hereof with other gathering systems or transmission pipelines, or engage in the contract drilling business or any other business except as expressly
permitted herein or approved by a Majority of the Members. </FONT></P>

<UL>

<P><FONT SIZE=2><B> Section&nbsp;1.4. </B></FONT><FONT SIZE=2><B><I>Places of Business, Registered Agent and Addresses</I></B></FONT><FONT SIZE=2><B>.  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
principal United States office and place of business of the Company and its street address shall be 250 N. Water, Suite 300, Wichita, Kansas 67202. The Manager, at
any time and from time to time, may change the location of the Company's principal United States office and place of business, provided notice thereof is concurrently given to the Members. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
registered office of the Company in Kansas shall be 250 N. Water, Suite 300, Wichita, Kansas 67202, and the registered agent for service of process on the Company
shall be David L. Murfin. The Manager, at any time and from time to time, may change the Company's registered office or registered agent or both by complying with the applicable provisions of the Act
and giving concurrent notice thereof to the Members and may establish, appoint and change additional registered offices and registered agents of the Company in such other states as the Manager shall
determine to be necessary or advisable. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.5. </B></FONT><FONT SIZE=2><B><I>Term.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Company commenced upon the completion of filing for record of an
initial Articles of Organization of the Company with the Secretary of State of the State of Kansas on August&nbsp;1, 2006. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.6. </B></FONT><FONT SIZE=2><B><I>Filings.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Upon the request of the Manager, the Members shall promptly execute and
deliver all such certificates and other instruments conforming hereto as shall be necessary for the Manager to accomplish all filing, recording, publishing and other acts appropriate to comply with
all requirements for the formation and operation of the Company as a limited liability company under the laws of the State of Kansas and for the qualification or reformation and operation of the
Company as a limited liability company in all other jurisdictions where the Company shall propose to conduct business. Prior to the conducting of any business in any jurisdiction, the Manager shall:
(a)&nbsp;to the full extent necessary to establish limited liability for the Members under the laws of such jurisdiction and otherwise to comply with the laws of such jurisdiction, cause the Company
to comply with all requirements for the registration, qualification or reformation of the Company to conduct business as a limited liability company in such jurisdiction and (b)&nbsp;at the request
of any Member, obtain an opinion of reputable counsel in such jurisdiction satisfactory in all respects to such Member as to such registration, qualification or reformation and as to the limited
liability of the Members under the laws of such jurisdiction. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_ii_certain_definitions_and_references"> </A>
<A NAME="toc_km1194_3"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE II<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>CERTAIN DEFINITIONS AND REFERENCES    <BR>    </I></B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.1. </B></FONT><FONT SIZE=2><B><I>Certain Defined Terms.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;When used in this Agreement, the following terms shall
have the respective meanings assigned to them in this </FONT><FONT SIZE=2><I>Section&nbsp;2.1</I></FONT><FONT SIZE=2> or in the sections, subsections or other subdivisions referred to below: </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Accounting Procedure"</B></FONT><FONT SIZE=2> shall have the meaning assigned to such term in </FONT><FONT SIZE=2><I>Section&nbsp;5.6</I></FONT><FONT SIZE=2>. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=3,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=528634,FOLIO='2',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_3"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Acquisition Cost</B></FONT><FONT SIZE=2>" shall mean the sum of (i)&nbsp;the price paid or contractually agreed to be paid for such Lease to the lessor,
assignor or grantor of such Lease, including lease bonuses, advance rentals and other acquisition costs and (ii)&nbsp;title insurance or examination costs, broker's commissions, attorneys' fees, due
diligence fees, filing fees, recording costs, and transfer and sales taxes, if any, and other similar costs incurred with respect to such Lease in connection with its acquisition, but excluding
(without limitation) any actual, allocated or imputed interest expense. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Act</B></FONT><FONT SIZE=2>" shall have the meaning assigned to such term in </FONT><FONT SIZE=2><I>Section&nbsp;1.1</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Adjusted Capital Account</B></FONT><FONT SIZE=2>" shall mean the capital account maintained for each Member as of the end of each fiscal year, determined
throughout the term of the Company in accordance with </FONT><FONT SIZE=2><I>Section&nbsp;8.1</I></FONT><FONT SIZE=2>, (a)&nbsp;increased by (i)&nbsp;the amount of any unpaid Capital
Contributions unconditionally agreed to be contributed by such Member under </FONT><FONT SIZE=2><I>Article&nbsp;III</I></FONT><FONT SIZE=2>, if any, (ii)&nbsp;an amount equal to such Member's
allocable share of the Company's Minimum Gain, as computed on the last day of such fiscal year in accordance with applicable Treasury Regulations, and (iii)&nbsp;the amount of Company liabilities
allocable to such Member under Section&nbsp;752 of the Internal Revenue Code with respect to which such Member bears the economic risk of loss to the extent such liability does not constitute a
Member Nonrecourse Debt, and (b)&nbsp;reduced by (i)&nbsp;the amount of all depletion deductions reasonably expected to be allocated to such Member in subsequent years and charged to such Member's
capital account, (ii)&nbsp;the amount of all losses and deductions reasonably expected to be allocated to such Member in subsequent years under Sections 704(e)(2) and 706(d) of the Internal Revenue
Code and Treasury Regulation &sect; 1.751-1(b)(2)(ii), and (iii)&nbsp;the amount of all distributions reasonably expected to be made to such Member to the extent they exceed
offsetting increases to such Member's capital account that are reasonably expected to occur during (or prior to) the year in which such distributions are reasonably expected to be made. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Affiliate</B></FONT><FONT SIZE=2>" shall mean (a)&nbsp;any person directly or indirectly owning, controlling or holding with power to vote 10% or more of the
outstanding voting securities of a Member, (b)&nbsp;any person 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled or held with power to vote by a Member,
(c)&nbsp;any person directly or indirectly controlling, controlled by or under common control with a Member, (d)&nbsp;any officer, director, member, manager or member of a Member or any person
described in </FONT><FONT SIZE=2><I>subsection (a)</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>(b)</I></FONT><FONT SIZE=2> or </FONT><FONT SIZE=2><I>(c)</I></FONT><FONT SIZE=2> of this
paragraph or (e)&nbsp;any person related by blood, adoption or marriage to any person referred to in </FONT><FONT SIZE=2><I>clause&nbsp;(c)</I></FONT><FONT SIZE=2> or </FONT> <FONT SIZE=2><I>clause&nbsp;(d)</I></FONT><FONT SIZE=2> of this paragraph.
As used in this Agreement, the term "</FONT><FONT SIZE=2><B>person</B></FONT><FONT SIZE=2>" shall include an
individual, an estate, a corporation, a partnership, a limited liability company, an association or other entity, a joint stock company and a trust. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Agreed Rate"</B></FONT><FONT SIZE=2> shall mean a rate per annum equal to the then current prime rate quoted from time to time in the Central Edition of the Wall
Street Journal as the prime rate, plus one percent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Agreed Overhead Charge"</B></FONT><FONT SIZE=2> shall have the meaning assigned to such term in </FONT> <FONT SIZE=2><I>Section&nbsp;5.6</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Assets</B></FONT><FONT SIZE=2>" shall mean all oil and gas Leases, lease options, interests, wells, equipment, contracts, easements, unitization agreements,
licenses, and other assets of the Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Assignee"</B></FONT><FONT SIZE=2> shall mean a Person to whom all or a part of the economic benefits of a Membership Interest has been transferred who has not
been admitted as a Substitute Member. Assignees may not succeed to the voting rights of any Member unless subsequently admitted as a Substitute Member. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Capital Contributions</B></FONT><FONT SIZE=2>" shall mean for any Member at the particular time in question the aggregate of the dollar amounts of any cash
contributed to the capital of the Company, or, if the context in which such term is used so indicates, the dollar amounts of cash agreed to be contributed, or requested to be contributed, by such
Member to the capital of the Company. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=4,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=593785,FOLIO='3',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_4"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Capital Costs"</B></FONT><FONT SIZE=2> shall mean (a)&nbsp;all geological and geophysical costs incurred by the Company to the extent any of such costs are
incurred in connection with Company wells drilled or proposed to be drilled on the Assets, (b)&nbsp;all costs incurred by the Company in locating, drilling, completing, equipping, deepening or
sidetracking a well located on the Assets, including without limitation (i)&nbsp;the costs of surveying and staking such well, the costs of any surface damages and the costs of clearing, coring,
testing, logging and evaluating such well, (ii)&nbsp;the costs of casing, cement and cement services for such well, (iii)&nbsp;the cost of plugging and abandoning such well if it is determined
that such well would not produce in commercial quantities and should be abandoned and (iv)&nbsp;all direct charges and overhead chargeable to the Company with respect to such well under any
applicable operating agreement until such time as all operations are carried out as required by applicable regulations and sound engineering practices to make such well ready for production, including
the installation and testing of wellhead equipment, or to plug and abandon a dry hole; (c)&nbsp;all costs incurred by the Company in recompleting or plugging back any Company well; (d)&nbsp;all
costs incurred by the Company in reworking any Company well when the Company's share of such costs as set forth in the applicable authority for expenditure presented to the Company with respect
thereto is greater than $50,000 (it being agreed that the Manager shall have the sole right and authority to approve all authority for expenditure requests); (e)&nbsp;all costs incurred by the
Company in locating, drilling, completing, equipping, deepening or sidetracking any enhanced recovery producer or injector well (including the costs of all necessary surface equipment such as steam
generators, compressors, water treating facilities, injection pumps, flow lines and steam lines) or otherwise conducting Enhanced Recovery Operations and (f)&nbsp;all costs incurred by the Company
in constructing production facilities, pipelines and other facilities necessary to develop the Properties and produce, collect, store, treat, deliver, market, sell or otherwise dispose of oil, gas and
other hydrocarbons and minerals therefrom; but such term shall not include (without limitation) any Lease Operating and Production Costs. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Class&nbsp;A Member</B></FONT><FONT SIZE=2>" shall mean MV Energy, LLC, a Kansas limited liability company, in its capacity as Class&nbsp;A Member of the
Company and any person who becomes a substituted Member of the Company pursuant to the terms hereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Class&nbsp;B Member</B></FONT><FONT SIZE=2>" shall mean VAP-I, LLC, a Kansas limited liability company and any person who becomes a substituted
Member of the Company pursuant to the terms hereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Class&nbsp;A Unit"</B></FONT><FONT SIZE=2> shall mean a Unit representing a Class&nbsp;A Membership Interest in the Company. There shall be 50 Class&nbsp;A
Units outstanding. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Class&nbsp;B Unit"</B></FONT><FONT SIZE=2> shall mean a Unit representing a Class&nbsp;B Membership Interest in the Company. There shall be 50 Class&nbsp;B
Units outstanding. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Company</B></FONT><FONT SIZE=2>" shall have the meaning assigned to it in </FONT><FONT SIZE=2><I>Section&nbsp;1.1</I></FONT><FONT SIZE=2>. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Company Nonrecourse Liabilities</B></FONT><FONT SIZE=2>" shall mean any nonrecourse liabilities (or portions thereof) of the Company for which no Member bears
the economic risk of loss within the meaning of Treasury Regulation Section&nbsp;1.752-2. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Depletable Property</B></FONT><FONT SIZE=2>" shall have the meaning assigned to such term in </FONT> <FONT SIZE=2><I>Section&nbsp;4.3(b)</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Enhanced Recovery Operations</B></FONT><FONT SIZE=2>" shall mean any operations or project intended to increase the recovery of oil and/or gas from a pool by
artificial means or by the application of energy extrinsic to the pool, which artificial means or application shall include (without limitation) pressuring, cycling, pressure maintenance, injection to
the pool of a substance or form of energy, or other operations or projects that would be commonly considered secondary or tertiary operations or projects, but such term shall not include the injection
in a well of a substance or form of energy for the sole purpose of (a)&nbsp;aiding in the lifting of fluids in the well, or (b)&nbsp;stimulation of the pool at or near the well by mechanical,
chemical, thermal or explosive means. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=5,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=311735,FOLIO='4',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_5"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Internal Revenue Code</B></FONT><FONT SIZE=2>" shall mean the Internal Revenue Code of 1986, as amended from time to time, and any successor statute or statutes. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Lease</B></FONT><FONT SIZE=2>" shall mean a lease, mineral interest, royalty or overriding royalty, fee right, mineral servitude, license, concession or other
right covering oil, gas and related hydrocarbons (or a contractual right to acquire such an interest) or an undivided interest therein or portion thereof, together with all appurtenances, easements,
permits, licenses, servitudes and rights-of-way situated upon or used or held for future use in connection with such an interest or the exploration, development or operation
thereof. A "Lease" shall also mean and include all rights and interests in all lands and interests unitized or pooled therewith pursuant to any law, rule, regulation or agreement and, if the context
so requires, all equipment, fixtures, inventory and other personal property used or useful in connection with the drilling or production of oil, gas and other minerals attributable to such Lease. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Lease Operating and Production Costs"</B></FONT><FONT SIZE=2> shall mean all costs incurred by the Company in connection with the maintenance of the Assets
(except drilling and similar obligations the costs of which are classified as Capital Costs hereunder) and the production and marketing of oil, gas and related hydrocarbons from completed wells
(including wells which have been involved in Enhanced Recovery Operations) in which the Company has an interest pursuant to this Agreement, including costs incurred for all delay rentals,
shut-in royalties and similar payments, royalties on lost or flared gas or gas used for which payment is required, labor, fuel, repairs, transportation, supplies, utility charges, ad
valorem, severance, excise and similar taxes, the cost of reworking any Company well (except to the extent provided in the definition of Capital Costs), the costs of plugging and abandoning any
Company well (except to the extent provided in the definition of Capital Costs), and compensation to well operators, consultants and others and insurance in connection with the foregoing; but such
term shall not include (without limitation)any Capital Costs. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Manager"</B></FONT><FONT SIZE=2> shall mean MV Energy, LLC, a Kansas limited liability company, unless and until MV Energy, LLC resigns or is removed as such in
accordance with the terms of this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Majority of the Members"</B></FONT><FONT SIZE=2> shall mean Members, including any Member which may have a conflict of interest with respect to the issue upon
which a vote of the Members is sought, having voting Units in excess of fifty percent (50%) of the total Outstanding Units entitled to vote thereon (without regard to class). Only Members, and not
Assignees, are entitled to vote. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Member Nonrecourse Debt</B></FONT><FONT SIZE=2>" shall mean any nonrecourse debt of the Company (or portions thereof) for which any Member bears the economic
risk of loss within the meaning of Treasury Regulation Section&nbsp;1.752-2. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Member Nonrecourse Deductions</B></FONT><FONT SIZE=2>" shall mean the amount of deductions, losses and expenses equal to the net increase during the year in
Minimum Gain attributable to a Member Nonrecourse Debt, reduced (but not below zero) by proceeds of such Member Nonrecourse Debt distributed during the year to the Members who bear the economic risk
of loss for such debt, as determined in accordance with applicable Treasury Regulations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Members</B></FONT><FONT SIZE=2>" shall mean the Class&nbsp;A Member and the Class&nbsp;B Member. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Minimum Gain</B></FONT><FONT SIZE=2>" shall mean (i)&nbsp;with respect to Company Nonrecourse Liabilities, the amount of gain that would be realized by the
Company if it disposed of (in a taxable transaction) all Company properties which are subject to Company Nonrecourse Liabilities in full satisfaction of such liabilities, computed in accordance with
applicable Treasury Regulations and (ii)&nbsp;with respect to each Member Nonrecourse Debt, the amount of gain that would be realized by the Company if it disposed of (in a taxable transaction) the
Company property that is subject to such liability in full satisfaction of such liability, computed in accordance with applicable Treasury Regulations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Original Agreement"</B></FONT><FONT SIZE=2> shall have the meaning assigned to such term in the Recitals hereto. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=6,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=309331,FOLIO='5',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_6"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Outstanding Units"</B></FONT><FONT SIZE=2> shall mean the total number of Units issued by the Company as shown to be outstanding on the Company's books and
records, less any Units so shown and held by the Company. Unless otherwise expressly provided in this Agreement, Outstanding Units shall be determined without regard to the different Classes of Units. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Simulated Basis</B></FONT><FONT SIZE=2>", "</FONT><FONT SIZE=2><B>Simulated Gain</B></FONT><FONT SIZE=2>", "</FONT><FONT SIZE=2><B>Simulated
Depletion</B></FONT><FONT SIZE=2>" and "</FONT><FONT SIZE=2><B>Simulated Loss</B></FONT><FONT SIZE=2>" shall have the respective meanings assigned to such terms in </FONT> <FONT SIZE=2><I>Section&nbsp;8.1(b)</I></FONT><FONT SIZE=2>. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><B>Substitute Member"</B></FONT><FONT SIZE=2> shall mean an Assignee who has been admitted to all of the rights of membership pursuant to this Agreement. </FONT></P>

<UL>

<P><FONT SIZE=2><B> Section&nbsp;2.2. </B></FONT><FONT SIZE=2><B><I>References and Construction</I></B></FONT><FONT SIZE=2><B>.  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;All
references in this Agreement to articles, sections, subsections and other subdivisions refer to corresponding articles, sections, subsections and other subdivisions
of this Agreement unless expressly provided otherwise. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Titles
appearing at the beginning of any of such subdivisions are for convenience only and shall not constitute part of such subdivisions and shall be disregarded in
construing the language contained in such subdivisions. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
words "this Agreement", "this instrument", "herein", "hereof", "hereby", "hereunder" and words of similar import refer to this Agreement as a whole and not to any
particular subdivision unless expressly so limited. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Words
in the singular form shall be construed to include the plural and </FONT><FONT SIZE=2><I>vice versa</I></FONT><FONT SIZE=2>, unless the context otherwise
requires. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;Examples
shall not be construed to limit, expressly or by implication, the matter they illustrate. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;The
word "includes" and its derivatives means "includes, but is not limited to" and corresponding derivative expressions. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;No
consideration shall be given to the fact or presumption that one party had a greater or lesser hand in drafting this Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;All
references herein to $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or dollars shall mean to United States dollars. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Unless
the context otherwise requires or unless otherwise provided herein, the terms defined in this Agreement which refer to a particular agreement, instrument or
document also refer to and include all renewals, extensions, modifications, amendments or restatements of such agreement, instrument or document, provided that nothing contained in this subsection
shall be construed to authorize such renewal, extension, modification, amendment or restatement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_iii_capitalization"> </A>
<A NAME="toc_km1194_4"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE III<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>CAPITALIZATION    <BR>    </I></B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.1 </B></FONT><FONT SIZE=2><B><I>Effect of Conversion in General.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of August&nbsp;1, 2006 the Company succeeded
to and possessed and enjoyed, all the rights, privileges, immunities, powers and franchises, both of a public and a private nature, and became subject to all the restrictions, disabilities and duties
of the former limited partnership to which the Members belonged, and all property, real, personal and mixed, all licenses, permits and contracts, and all debts due to such limited partnership on
whatever account, belonging to such limited partnership, became vested in the Company, and all and every other interest thereafter became the property of the Company, as they were of limited
partnership, and the title to any real estate vested by deed or otherwise in such limited partnership did not revert or be in any way </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=7,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=480736,FOLIO='6',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_7"> </A>

<P><FONT SIZE=2>impaired
by reason of said conversion; provided, however, that all rights of creditors and all liens upon any property of said limited partnership became preserved unimpaired, limited in lien to the
property affected by such liens at August&nbsp;1, 2006, and all debts, liabilities and duties of the limited partnership attached to the Company and may be enforced against it to the same extent as
if said debts, liabilities and duties has been incurred or contracted by the Company. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.2. </B></FONT><FONT SIZE=2><B><I>Contributions and Capital Accounts.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Members shall not be obligated to make
any Capital Contributions to the Company. The capital accounts of each Member of the Company as of August&nbsp;1, 2006 shall be equal to the capital accounts of such member as a partner of the
former limited partnership, without change. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.3. </B></FONT><FONT SIZE=2><B><I>Additional Contributions.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Manager, with approval of a Majority of Members,
may determine from time to time that additional Capital Contributions are needed to enable the Company to conduct its business. Upon making such a determination, the Manager shall give notice to all
Members in writing at least ten business days prior to the date on which such Capital Contribution is due. Such notice shall set forth the amount of additional Capital Contribution needed, the purpose
for which the Capital Contribution is needed, and the date by which the Members should contribute. Each Member shall be entitled to contribute a proportionate share of such additional Capital
Contribution. No Member shall be obligated to make any such additional Capital Contribution. In the event any one or more Members do not make their additional Capital Contribution, the other members
shall be given the opportunity to make such Capital Contributions in proportion to their pre-Capital Contribution Units (exclusive of Units held by said non-contributing
Members) and shall subsequently have the right to receive a pro rata portion (in proportion to the relative additional Capital Contributions so made by them) of all distributions otherwise
distributable to the non-contributing Member until the aggregate amount of such distributions equals two hundred percent (200%) of the amount of such additional Capital Contribution. All
amounts paid to a Member pursuant to this Section&nbsp;3.3 shall be treated as having been distributed to the non-contributing Member for all other purposes of this Agreement. </FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.4. </B></FONT><FONT SIZE=2><B><I>Return of Capital Contributions.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;No interest shall accrue on any contributions to
the capital of the Company; and no Member shall have the right to withdraw or be repaid any capital contributed by such Member except as provided in </FONT><FONT SIZE=2><I>Sections
10.2</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>10.3</I></FONT><FONT SIZE=2>. All interest which accrues on Company funds shall be allocated and credited to the Members in accordance with </FONT> <FONT
SIZE=2><I>Section&nbsp;4.2</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.5. </B></FONT><FONT SIZE=2><B><I>Payments and Advances by Manager.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Manager shall have the right to pay any
indebtedness or obligation of the Company out of funds of the Manager, and may bill the Company in the same manner that the Company may bill the Members. Further, if at any time the Manager advances
funds to or on behalf of the Company or the Manager is required to pay any indebtedness or obligation of the Company in excess of the Capital Contributions of the Members agreed to be made in this </FONT> <FONT
SIZE=2><I>Article&nbsp;III</I></FONT><FONT SIZE=2>, such advance or payment shall constitute a loan by the Manager to the Company. If any such advance or payment is outstanding for
more than 30&nbsp;days, such advance or payment shall bear interest from the date first made at a rate equal to the Agreed Rate. No such advance or payment by the Manager shall be deemed to be a
contribution by the Manager to the capital of the Company. Any advances by the Manager shall be subject to the limitations on borrowing specified in </FONT> <FONT SIZE=2><I>Section&nbsp;6.2(a)</I></FONT><FONT SIZE=2>. Any loan made by the Manager
hereunder to pay any costs or expenses allocated and charged to any Member shall be repaid (with
payments to be applied first to the payment of interest and then to the repayment of principal) from the revenues that would otherwise be next distributed to such Member hereunder. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=8,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=1043899,FOLIO='7',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_8"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_iv_allocations_and_distributions"> </A>
<A NAME="toc_km1194_5"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE IV<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>ALLOCATIONS AND DISTRIBUTIONS    <BR>    </I></B></FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.1. </B></FONT><FONT SIZE=2><B><I>Allocation of Costs and Expenses.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;All costs and expenses of the Company shall be
allocated and charged to the Members as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;Costs
and expenses paid with the proceeds of a Member Nonrecourse Debt shall be allocated to the Members in proportion to the ratio in which the Members bear the
economic risk of loss for such Member Nonrecourse Debt. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;All
other costs and expenses of the Company not specifically allocated above shall be allocated pro rata in accordance with Units, i.e. 50% to the Class&nbsp;A Member
and 50% to the Class&nbsp;B Member. </FONT></P>

<UL>

<P><FONT SIZE=2><B> Section&nbsp;4.2. </B></FONT><FONT SIZE=2><B><I>Allocation of Revenues</I></B></FONT><FONT SIZE=2><B>.  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;All
revenues of the Company (which shall not include Capital Contributions and loans to the Company) shall be allocated and credited to the Members as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Insurance
proceeds, to the extent not otherwise expended by the Company to preserve and protect Company property in the event of an accident or other occurrence or to
pay Company liabilities or other obligations arising from an accident or other occurrence, shall be allocated between the Members in the same manner as the revenues from the sale of the property to
which such insurance proceeds related would be allocated under this </FONT><FONT SIZE=2><I>Section&nbsp;4.2</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;All
revenues used to repay any principal, interest or other amounts owing with respect to any Company borrowings or indebtedness shall be allocated to the Members in
the same proportions as the costs and expenses paid with such borrowings or indebtedness were allocated to the Members (and, with respect to any indebtedness to which any property acquired by the
Company is subject at the time of its acquisition, in the same proportions as costs are allocated under </FONT><FONT SIZE=2><I>Section&nbsp;4.1(b)</I></FONT><FONT SIZE=2> at the time such property
is acquired by the Company). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;After
making the allocation provided for in </FONT><FONT SIZE=2><I>Section&nbsp;4.2(a)(ii)</I></FONT><FONT SIZE=2> and taking into account the revenues allocated
therein, all additional revenues resulting from the sale or other disposition of Depletable Property (as defined in </FONT><FONT SIZE=2><I>Section&nbsp;4.3(b)</I></FONT><FONT SIZE=2>) shall be
allocated to the Members in the same percentages as the costs of the property sold were allocated, to the extent such revenues constitute a recovery of Simulated Basis of such Depletable Property, up
to an amount equal to the Company's Simulated Basis in such property at the time of such sale or disposition. Thereafter, revenues resulting from any such sale or disposition shall be allocated to the
Members in a manner which will cause the aggregate of all revenues allocated to the Members from such sale or disposition (to the extent possible) to equal the amounts which would have been allocated
under </FONT><FONT SIZE=2><I>Section&nbsp;4.2(a)(v)</I></FONT><FONT SIZE=2> in the absence of this </FONT><FONT SIZE=2><I>Section&nbsp;4.2(a)(iii)</I></FONT><FONT SIZE=2>. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;All
other revenues of the Company not specifically allocated above shall be allocated pro rata in accordance with Units, i.e. 50% to the Class&nbsp;A Member and 50%
to the Class&nbsp;B Member. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;All
dry hole and bottom hole and similar contributions shall not be considered to be revenues hereunder but shall be applied to reduce the Capital Costs of the
respective wells to which they relate. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.3. </B></FONT><FONT SIZE=2><B><I>Income Tax Allocations.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise provided herein, for purposes of any
applicable federal, state or local income tax law, rule or regulation items of income, gain, deduction, loss, credit and amount realized shall be allocated to the Members as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;Income
from the sale of oil or gas production and any credits allowed by Section&nbsp;29 of the Internal Revenue Code relating thereto shall be allocated in the same
manner as revenue therefrom is allocated and credited pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;4.2</I></FONT><FONT SIZE=2>. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=9,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=1035667,FOLIO='8',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_9"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Cost
and percentage depletion deductions and the gain or loss on the sale or other disposition of property the production from which is subject to depletion (herein
sometimes called "</FONT><FONT SIZE=2><B>Depletable Property</B></FONT><FONT SIZE=2>") shall be computed separately by the Members rather than the Company. For purposes of
Section&nbsp;613A(c)(7)(D) of the Internal Revenue Code, the Company's adjusted basis in each Depletable Property shall be allocated to the Members in proportion to each Member's respective share of
the costs and expenses which entered into the Company's adjusted basis for each Depletable Property, and the amount realized on the sale or other disposition of each Depletable Property shall be
allocated to the Members in proportion to each Member's respective share of the revenue from the sale or other disposition of such property provided for in </FONT> <FONT SIZE=2><I>Section&nbsp;4.2(a)(iii)</I></FONT><FONT SIZE=2> or </FONT><FONT
SIZE=2><I>Section&nbsp;4.2(a)(iv)</I></FONT><FONT SIZE=2>, as applicable. For purposes of allocating
amounts realized upon any such sale or disposition which are deemed to be received for federal income tax purposes and are attributable to Company indebtedness or indebtedness to which the Depletable
Property is subject at the time of such sale or disposition, such amounts shall be allocated in the same manner as Company revenues used for the repayment of such indebtedness would have been
allocated under </FONT><FONT SIZE=2><I>Section&nbsp;4.2(a)(ii)</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Items
of deduction, loss and credit not specifically provided for above (other than loss from the sale or other disposition of Company property), including depreciation,
cost recovery and amortization deductions, shall be allocated to the Members in the same manner that the costs and expenses of the Company that gave rise to such items of deduction, loss and credit
were allocated pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;4.1</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Gain
from the sale or other disposition of Company property that is not specifically provided for above shall be allocated to the Members in a manner which reflects each
Member's allocable share of the revenue from the sale of the Company property provided for in </FONT><FONT SIZE=2><I>Section&nbsp;4.2</I></FONT><FONT SIZE=2>, and loss from the sale or other
disposition of Company property that is not specifically provided for above shall be allocated to the Members in a manner which reflects each Member's allocable share of the costs and expenses of the
Company property provided for in </FONT><FONT SIZE=2><I>Section&nbsp;4.1</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;All
recapture of income tax deductions resulting from the sale or other disposition of Company property shall, to the maximum extent possible, be allocated to the Member
to whom the deduction that gave rise to such recapture was allocated hereunder to the extent that such Member is allocated any gain from the sale or other disposition of such property. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Income
resulting from the Company's receipt of dry hole, bottom hole or similar contributions shall be allocated in the same manner as the costs to which they were
applied were allocated. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;Any
other items of Company income or gain not specifically provided for above shall be allocated in the same manner as the revenue that resulted in such income or gain
is allocated and credited pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;4.2</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;Notwithstanding
any of the foregoing provisions of this </FONT><FONT SIZE=2><I>Section&nbsp;4.3</I></FONT><FONT SIZE=2> to the contrary: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;If
during any fiscal year of the Company there is a net increase in Minimum Gain attributable to a Member Nonrecourse Debt that gives rise to Member Nonrecourse
Deductions, each Member bearing the economic risk of loss for such Member Nonrecourse Debt shall be allocated items of Company deductions and losses for such year (consisting first of cost recovery or
depreciation deductions with respect to property that is subject to such Member Nonrecourse Debt and then, if necessary, a pro rata portion of the Company's other items of deductions and losses, with
any remainder being treated as an increase in Minimum Gain attributable to Member Nonrecourse Debt in the subsequent year) equal to such Member's share of Member Nonrecourse Deductions, as determined
in accordance with applicable Treasury Regulations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;If
for any fiscal year of the Company there is a net decrease in Minimum Gain attributable to Company Nonrecourse Liabilities, each Member shall be allocated items of
Company income and gain for such year (consisting first of gain recognized, including Simulated </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>9</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=10,SEQ=10,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=385316,FOLIO='9',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_10"> </A>
<UL>
<BR>

<P><FONT SIZE=2>Gain,
from the disposition of Company property subject to one or more Company Nonrecourse Liabilities and then, if necessary, a pro rata portion of the Company's other items of income and gain, and if
necessary, for subsequent years) equal to such Member's share of such net decrease (except to the extent such Member's share of such net decrease is caused by a change in debt structure with such
Member commencing to bear the economic risk of loss as to all or part of any Company Nonrecourse Liability or by such Member contributing capital to the Company that the Company uses to repay a
Company Nonrecourse Liability), as determined in accordance with applicable Treasury Regulations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;If
for any fiscal year of the Company there is a net decrease in Minimum Gain attributable to a Member Nonrecourse Debt, each Member shall be allocated items of
Company income and gain for
such year (consisting first of gain recognized, including Simulated Gain, from the disposition of Company property subject to Member Nonrecourse Debt, and then, if necessary, a pro rata portion of the
Company's other items of income and gain, and if necessary, for subsequent years) equal to such Member's share of such net decrease (except to the extent such Member's share of such net decrease is
caused by a change in debt structure or by the Company's use of capital contributed by such Member to repay Member Nonrecourse Debt) as determined in accordance with applicable Treasury Regulations. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;The
Manager shall use all reasonable efforts to prevent any allocation or distribution from causing a negative balance in a Member's Adjusted Capital Account. Consistent
therewith, and notwithstanding any of the foregoing provisions of this </FONT><FONT SIZE=2><I>Section&nbsp;4.3</I></FONT><FONT SIZE=2> to the contrary, if for any fiscal year of the Company the
allocation of any loss or deduction (net of any income or gain) to a Member would cause or increase a negative balance in the such Member's Adjusted Capital Account as of the end of such fiscal year
after taking into account the provisions of </FONT><FONT SIZE=2><I>subsection (h)</I></FONT><FONT SIZE=2> of this </FONT><FONT SIZE=2><I>Section&nbsp;4.3</I></FONT><FONT SIZE=2>, only the amount
of such loss or deduction that reduces the balance to zero shall be allocated to such Member and the remaining loss or deduction shall be allocated to the other Member. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;In
the event that a Member unexpectedly receives any adjustment, allocation or distribution described in Treasury Regulation &sect;
1.704-1(b)(2)(ii)(d)(4), (5)&nbsp;or (6)&nbsp;that causes or increases a deficit balance in such Member's Adjusted Capital Account, items of Company income and gain (consisting of a
pro rata portion of each item of Company income, including gross income, and gain for such year) shall be allocated to such Member in an amount and manner sufficient to eliminate the deficit balance
as quickly as possible; provided that an allocation under this </FONT><FONT SIZE=2><I>subsection (j)</I></FONT><FONT SIZE=2> shall be made only if and to the extent such Member would have an Adjusted
Capital Account deficit after all other allocations provided for in this </FONT><FONT SIZE=2><I>Section&nbsp;4.3</I></FONT><FONT SIZE=2>have been tentatively made as if this </FONT> <FONT SIZE=2><I>subsection (j)</I></FONT><FONT SIZE=2> were not in
the Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;The
allocations set forth in </FONT><FONT SIZE=2><I>subsections (h), (i)</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>(j)</I></FONT><FONT SIZE=2> of this </FONT> <FONT SIZE=2><I>Section&nbsp;4.3</I></FONT><FONT SIZE=2> or required as a result of
the elections referenced in </FONT><FONT SIZE=2><I>Section&nbsp;6.9(a)(iv)</I></FONT><FONT SIZE=2> or
</FONT><FONT SIZE=2><I>(c)</I></FONT><FONT SIZE=2> (collectively, the "</FONT><FONT SIZE=2><B>Regulatory Allocations</B></FONT><FONT SIZE=2>") are intended to comply with certain requirements of the
Treasury Regulations. It is the intent of the Members that, to the extent possible, all Regulatory Allocations that are made be offset either with other Regulatory Allocations or with special
allocations pursuant to this </FONT><FONT SIZE=2><I>Section&nbsp;4.3(k)</I></FONT><FONT SIZE=2>. Therefore, notwithstanding any other provisions of this </FONT> <FONT SIZE=2><I>Section&nbsp;4.3</I></FONT><FONT SIZE=2> (other than the Regulatory
Allocations), the Manager shall make such offsetting special allocations in whatever manner it determines
appropriate so that, after such offsetting allocations are made, each Member's capital account balance is, to the extent possible, equal to the capital account balance such Member would have had if
the Regulatory Allocations were not part of this Agreement and all Company items were allocated pursuant to the remaining subsections of this </FONT> <FONT SIZE=2><I>Section&nbsp;4.3.</I></FONT><FONT SIZE=2> In exercising its discretion under this
</FONT><FONT SIZE=2><I>Section&nbsp;4.3(k)</I></FONT><FONT SIZE=2>, the Manager shall
take into account future Regulatory Allocations under </FONT><FONT SIZE=2><I>Section&nbsp;4.3(h)</I></FONT><FONT SIZE=2> that, although not yet made, are likely to offset other Regulatory
Allocations previously made under Treasury Regulation &sect; 1.704-2(b)(1) and Treasury Regulation &sect; 1.704-2(i)(1). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>10</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=11,SEQ=11,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=822256,FOLIO='10',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_11"> </A>
<BR>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.4. </B></FONT><FONT SIZE=2><B><I>Distributions.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;At least quarterly all cash funds of the Company (exclusive of
Capital Contributions, any borrowed funds and any dry hole and bottom hole and similar contributions) which the Manager reasonably determines are not needed for the payment of any existing or
reasonably foreseeable Company obligations, expenditures (including Lease Operating and Production Costs) and reserves (not exceeding, in the aggregate, $1&nbsp;million) shall be distributed to the
Members; provided, however, that notwithstanding the foregoing or any other provision contained in this Agreement, (a)&nbsp;unless the Members otherwise consent in writing or defaults in the payment
of any Capital Contributions previously agreed to be made by it, the Manager shall not be entitled to cause the Company to retain any of a Member's share of Company revenues for the purpose of paying
(directly or indirectly) any Acquisition Costs or Capital Costs which the Manager is not authorized to make or approve pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;6.2(k)</I></FONT><FONT SIZE=2>; and (b)&nbsp;the Company may retain such insurance
proceeds and other amounts as the Manager shall reasonably determine are
necessary to pay Company liabilities and expenses upon the occurrence of an accident (</FONT><FONT SIZE=2><I>e.g</I></FONT><FONT SIZE=2>., a blowout), catastrophe or similar event (and, in connection
therewith, to restore, preserve or protect Company property) or to comply with all applicable environmental laws, ordinances, rules and regulations. All such cash funds of the Company shall be
distributed to the Members in the same respective percentages as the revenues to which such cash funds are attributable were allocated to the Members pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;4.2</I></FONT><FONT SIZE=2> (after deducting
therefrom the costs and expenses charged to the Company pursuant to </FONT> <FONT SIZE=2><I>4.1</I></FONT><FONT SIZE=2> and elsewhere herein). All distributions in liquidation of a Member's interest in the Company shall be made in accordance with
</FONT> <FONT SIZE=2><I>Section&nbsp;10.3</I></FONT><FONT SIZE=2>. Distributions of property shall be treated as a distribution of cash funds in the amount of the fair market value of such property;
provided, however, that no Member shall be required to accept a distribution of more than their pro rata share, as determined by Outstanding Units, of an interest in any particular property other than
cash. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_v_company_property"> </A>
<A NAME="toc_km1194_6"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE V<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>COMPANY PROPERTY    <BR>    </I></B></FONT></P>

<UL>

<P><FONT SIZE=2><B> Section&nbsp;5.1. </B></FONT><FONT SIZE=2><B><I>Title to Company Property</I></B></FONT><FONT SIZE=2><B>.  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;All
property owned by the Company, whether real or personal, tangible or intangible, shall be deemed to be owned by the Company as an entity, and no Member,
individually, shall have any ownership of such property. The Company shall hold all of its assets in the name of the Company unless under the law of some jurisdiction in which the Company owns assets
such assets must be held in another name. In such a case, such assets in such jurisdiction shall be held under such other name or names as the Manager shall determine to be necessary so long as it
does not affect adversely the limited liability of the Members hereunder or jeopardize in any manner the title to or ownership of any Company Leases or other assets. The Manager shall promptly take
all such action as it shall deem necessary or appropriate, or as may be required by law, to perfect and preserve the ownership interest of the Company in all Leases, and (if requested by any Member)
upon recordation of title to a Lease shall promptly supply the Members with a copy of such recorded title. In the event the Company acquires assets in a jurisdiction which prohibits the Company from
holding such assets in the name of the Company and such assets are held in another name, the Manager shall obtain an opinion of reputable counsel in such jurisdiction addressed to the Company and
satisfactory in all respects to the Members that the Company has taken all action necessary and appropriate, or required by law, to perfect and preserve the ownership interest of the Company in all
such assets. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Prior
to drilling a Company well on any Lease, the Manager shall cause (or determine that an operator has caused) to be done such title examination and title curative
work as the Manager (or operator) shall determine to be necessary or appropriate with respect to such Lease; provided, however, that no well shall be drilled until title to the drill site shall have
been examined and approved by the examining attorney or until any unsatisfied title requirements shall have been waived by the Manager (or operator). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>11</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=12,SEQ=12,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=316328,FOLIO='11',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_12"> </A>
<BR>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.2. </B></FONT><FONT SIZE=2><B><I>Additional Acquisitions.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Subject to the limitations on the authority of the
Manager described in </FONT><FONT SIZE=2><I>Sections 6.2(k) and 6.5,</I></FONT><FONT SIZE=2> the Manager may cause the Company to acquire interests in additional Leases (including acquisitions of
increased interest in existing leases), In connection with any acquisition of Leases by the Company pursuant to this </FONT><FONT SIZE=2><I>Section&nbsp;5.2</I></FONT><FONT SIZE=2>, the Manager,
Members or any Affiliate thereof shall not retain from or otherwise burden the interest in any Lease assigned to the Company with any overriding royalty, net profits interest, carried interest,
reversionary interest, production payment or other burden in favor of itself, its officers, directors and employees or any other person, except in connection with an acquisition by the Manager, Member
or such Affiliate pursuant to a transaction where an unrelated third party transferring the Lease retains such an interest or burden with respect to all of the Lease acquired by the Manager, Member or
Affiliate. With respect to each Lease acquired by the Company pursuant to this </FONT><FONT SIZE=2><I>Section&nbsp;5.2</I></FONT><FONT SIZE=2>, such acquisition shall include all rights to all
horizons under such Lease which were available for purchase and considered appropriate for acquisition by the Company. Under no circumstances shall the Manager, any Member or any Affiliate of either
thereof acquire rights to any separate horizon within or under a Lease in which the Company has an interest. Notwithstanding anything in this Agreement to the contrary (including, but not limited to, </FONT> <FONT SIZE=2><I>Section&nbsp;6.5)
</I></FONT><FONT SIZE=2>, in the event (a)&nbsp;the Manager is required by </FONT><FONT SIZE=2><I>Section&nbsp;6.2(k)</I></FONT><FONT SIZE=2> to obtain
the consent of the Class&nbsp;B Member to make any well expenditure or Lease acquisition, and (b)&nbsp;the Class&nbsp;B Member does not so consent to such expenditure or cost, such expenditure
or acquisition may be carried out or owned in an entity related in whole or in part by common ownership to the Company, Manager, or any Member, and the Company shall not have the right to acquire the
same. </FONT></P>

<UL>

<P><FONT SIZE=2><B> Section&nbsp;5.3. </B></FONT><FONT SIZE=2><B><I>Lease Sales</I></B></FONT><FONT SIZE=2><B>.  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;Except
as provided in this </FONT><FONT SIZE=2><I>Section&nbsp;5.3</I></FONT><FONT SIZE=2>, in </FONT><FONT SIZE=2><I>Section&nbsp;6.2(d)</I></FONT><FONT SIZE=2>
and elsewhere herein, the Manager may sell, farm-out, abandon or otherwise dispose of any Company Lease, on such terms as the Manager deems reasonable and in the best interests of the
Company and the Members. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as expressly permitted in </FONT><FONT SIZE=2><I>Section&nbsp;10.3</I></FONT><FONT SIZE=2>, neither the Manager or any of its Affiliates nor any of their
employees shall acquire, directly or indirectly, any Lease (or any interest therein) from the Company unless the Members have previously approved in writing such acquisition. </FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.4. </B></FONT><FONT SIZE=2><B><I>Sales of Production.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Manager shall have the right to cause the Company to
sell any oil or gas produced by or for the account of the Company, including but not limited to crude oil, condensate, natural gas liquids and natural gas (including casinghead gas) which may be
produced from or allocated to the Assets or any additional Leases acquired pursuant to the terms hereof, to such purchaser and on such terms and conditions as the Manager shall determine to be in the
best interest of the Company; provided, however, that all such sales shall be upon terms and conditions which are the best terms and conditions available as determined in good faith by the Manager
taking into account all relevant circumstances, including but not limited to, price, quality of production, access to markets, minimum purchase guarantees, identity of purchaser, and length of
commitment and, in any event, on terms no less favorable to the Company than the Manager or any Affiliate thereof has recently obtained or is obtaining for arm's length sales, exchanges or
dispositions of the Manager's or such Affiliate's production of similar quantity and quality in the same geographic area where the Company's production is located. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.5. </B></FONT><FONT SIZE=2><B><I>Operations on Company Leases.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Murfin Drilling Company,&nbsp;Inc. or Vess Oil
Corporation (each being an Affiliate of the Manager), shall act as operator in connection with operations on each Company Lease which it is now operating as of the date of this Agreement unless
(a)&nbsp;another person is currently serving as operator under an agreement to which a Lease is subject or (b)&nbsp;any third party or third parties (not Affiliates of the Manager) jointly owning
such Lease and with a controlling interest will not otherwise agree. As to those Company Leases with respect to which Murfin Drilling Company,&nbsp;Inc. or Vess Oil is not the operator, the Manager
shall take such actions and exercise such rights and remedies which are reasonably available to it to cause the actual operator to </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>12</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=13,SEQ=13,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=244933,FOLIO='12',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_13"> </A>
<BR>

<P><FONT SIZE=2>properly
develop, maintain and operate such Leases. In the event the Company and any third party jointly own any Lease and operations thereon are conducted pursuant to an operating agreement,
(i)&nbsp;if a third party is designated as operator thereunder, the Company shall pay the costs and expenses charged to it thereunder and (ii)&nbsp;if Murfin Drilling Company,&nbsp;Inc. or Vess
Oil (or any other Affiliate of the Manager) is designated as operator, such person shall receive for its account from the third party such third party's share of all compensation and reimbursement
provided to the operator thereunder; provided, however, that the charges to the Company by such person (regardless of whether there is an operating agreement or regardless of whether or not a third
party is also a party thereto) shall not exceed those set forth in or permitted by this Agreement or the </FONT><FONT SIZE=2><B>"Accounting Procedure"</B></FONT><FONT SIZE=2> (as herein called)
attached hereto as </FONT><FONT SIZE=2><I>Exhibit&nbsp;5.5</I></FONT><FONT SIZE=2> (although the operating agreement, if any, may otherwise provide), and in no event shall the terms of any such
operating agreement vary or effect this Agreement or the Accounting Procedure or the duties and obligations of the Manager or any Affiliate thereof hereunder. Murfin Drilling Company,&nbsp;Inc. or
Vess Oil shall not substitute another party or operator or assign its obligations as operator with respect to any Company Lease where it acts as operator, unless a Member requests in the event the
Manager is removed as such pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;9.2</I></FONT><FONT SIZE=2> or the Members dissolve the Company pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;10.1</I></FONT><FONT SIZE=2> (and the Manager agrees to use
its reasonable best efforts to cause the person designated by the Members to be the successor
operator). </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.6. </B></FONT><FONT SIZE=2><B><I>Determination of Agreed Overhead Charge.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As used in the Accounting Procedure the
term "</FONT><FONT SIZE=2><B>Agreed Overhead Charge</B></FONT><FONT SIZE=2>" shall mean the amounts in effect and charged as Agreed Overhead Charge on September&nbsp;30, 2005, to wit
(a)&nbsp;with respect to wells located in the NW Kansas Areas (exclusive of any Service Wells located therein), $241 per well per month, (b)&nbsp;with respect to wells in the El Dorado Proper Area
(exclusive of any Service Wells located therein), $123 per well per month, (c)&nbsp;with respect to Service Wells located in the NW Kansas Area, $81 per Service Well per month, and (d)&nbsp;with
respect to Service Wells located in the El Dorado Proper Area, $53 per Service Well per month; provided, however that such charges shall be subject to adjustment, annually, as provided in the
"Accounting Procedure" attached hereto as Exhibit&nbsp;5.5 For purposes of this Section, </FONT><FONT SIZE=2><B>"Service Well"</B></FONT><FONT SIZE=2> shall mean a well drilled for injection, salt
water disposal or other similar purposes, excluding an injection well or a supply well used in connection with Enhanced Recovery Operations. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_vi_management"> </A>
<A NAME="toc_km1194_7"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE VI<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>MANAGEMENT    <BR>    </I></B></FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.1. </B></FONT><FONT SIZE=2><B><I>Power and Authority of the Manager.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Except as provided in </FONT> <FONT
SIZE=2><I>Section&nbsp;6.2</I></FONT><FONT SIZE=2> and elsewhere in this Agreement and except as otherwise provided by applicable law, the Manager shall have full and exclusive power
and authority on behalf of the Company to manage, control, administer and operate the properties, business and affairs of the Company in accordance with this Agreement and to do or cause to be done
any and all acts deemed by the Manager to be necessary or appropriate thereto. The Members each hereby agree that, notwithstanding the limitations set forth in Section&nbsp;6.2 or anything to the
contrary elsewhere in this Agreement: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
Manager shall have authority to negotiate and enter into a credit facility agreement with Bank of America, N.A. not to exceed $100&nbsp;million, and shall have
authority to mortgage, pledge, assign in trust or otherwise encumber any Company property pursuant to this aforementioned credit facility, all as the Manager shall reasonably determine to be in the
best interest of the Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
Manager shall have authority to create, execute, convey and contribute to MV Oil Trust., Bank of New York, N.A., as trustee, a net profits interest in the oil and
gas Leases held by the Company, not to exceed 80% of the net proceeds from the sale of oil, natural gas and natural gas liquid volumes produced from the Company's properties (reduced by all hedge
payments made by the Company to hedge contract counterparties upon monthly settlements of existing hedge contracts and </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>13</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=14,SEQ=14,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=791057,FOLIO='13',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_14"> </A>
<BR>

<P><FONT SIZE=2>derivatives
to which the Company is a party), together with an assignment of 80% of all amounts payable to the Company from hedge contract counterparties upon monthly settlements of hedge contracts,
all as the Manager shall reasonably determine to be in the best interest of the Company. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
Manager shall have authority to enter into all ancillary or related agreements, documents and other instruments it deems necessary, advisable or helpful for the
Company to contribute the net profits interests created pursuant to subsection (b)&nbsp;above to MV Oil Trust and assist, facilitate or accommodate the registration, public offering and closing of
the sale of trust units therein pursuant to the Securities Act of 1933 as amended, all as the Manager shall reasonably determine to be in the best interest of the Company. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.2. </B></FONT><FONT SIZE=2><B><I>Certain Restrictions on Manager's Power and Authority.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any other
provisions of this Agreement to the contrary, the Manager shall not have the power or authority to, and shall not, do, perform or authorize any of the following without the prior written consent of
the Members: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;To
borrow any money in the name or on behalf of the Company, or otherwise draw, make, execute and issue promissory notes and other negotiable or
non-negotiable instruments and evidences of indebtedness, except that the Manager may borrow money in the name and on behalf of the Company in such amounts as the Manager shall reasonably
determine are necessary to preserve and protect Company property upon the occurrence of an accident (</FONT><FONT SIZE=2><I>e.g.</I></FONT><FONT SIZE=2>, a blowout), catastrophe or similar event or
to comply with all applicable environmental laws, ordinances, rules and regulations; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;To
mortgage, pledge, assign in trust or otherwise encumber any Company property, or to assign any monies owing or to be owing to the Company, except to secure the
payment of any borrowing permitted in </FONT><FONT SIZE=2><I>Section&nbsp;6.2(a)</I></FONT><FONT SIZE=2> and except for customary liens contained in or arising under any operating agreements,
construction contracts and similar agreements executed by or binding on the Company, provided that in no event shall the Manager mortgage, pledge, assign in trust or otherwise encumber the Company's
right to receive Capital Contributions from Members; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;To
guarantee in the name or on behalf of the Company the payment of money or the performance of any contract or other obligation of any person except for
responsibilities customarily assumed under operating agreements considered standard in the industry; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;To
sell, assign, farm-out, abandon or otherwise dispose of any Company Lease except for such Leases or interests therein as the Manager shall reasonably
determine to be necessary to raise funds to pay Company liabilities and expenses upon the occurrence of an accident, catastrophe or similar event (and, in connection therewith, to restore, preserve
and protect Company property) or to comply with all applicable environmental laws, ordinances, rules and regulations; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;To
make any advance payments of compensation or other consideration to the Manager or any of its Affiliates; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;To
bind or obligate the Company with respect to any matter outside the scope of the Company business; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;To
merge or consolidate the Company with any Company or other person or entity, convert the Company to a corporation or partnership or other entity or agree to an
exchange of interests with any other person; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;To
use the Company name, credit or property for other than Company purposes; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;To
loan any Company funds to the Manager or any of its Affiliates; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;To
enter into hedging transactions and to amend or terminate any agreements or other document evidencing a hedging transaction or waive any rights of the Company
thereunder; </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>14</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=15,SEQ=15,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=95285,FOLIO='14',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_15"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;To
make or approve any well expenditure (other than reworking expenditures defined as Capital Costs) or acquire any Lease (including acquisitions of increased interest
in existing Leases) without the advance consent of the Class&nbsp;B Member if, but only if, the pro rata share of said well expenditure or acquisition cost that would be born by any indirect owner
of the Class&nbsp;B Member would exceed $1&nbsp;million (in which event the consent of the Class&nbsp;B Member shall first be obtained). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;To
compromise or settle any lawsuit, administrative matter or other dispute where the amount the Company may recover or might be obligated to pay, as applicable, is in
excess of $25,000; or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&nbsp;Except
as expressly provided herein, to take any action with respect to the assets or property of the Company which benefits the Manager or any of its Affiliates to the
detriment of the Members or the Company, including, among other things, utilization of funds of the Company as compensating balances for its own benefit. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.3. </B></FONT><FONT SIZE=2><B><I>Duties and Services of Manager.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Manager shall comply in all respects with the
terms of this Agreement and shall use its best efforts (a)&nbsp;to cause its Affiliates to comply with the terms of this Agreement and (b)&nbsp;in the conduct of the business and operations of the
Company to cause the Company (i)&nbsp;to comply with the terms and provisions of all agreements to which the Company is a party or to which its properties are subject, (ii)&nbsp;to comply with all
applicable laws, ordinances or governmental rules and regulations to which the Company is subject (including, without limitation, all applicable federal, state and local environmental laws,
ordinances, rules and regulations) and (iii)&nbsp;to obtain and maintain all licenses, permits, franchises and other governmental authorizations necessary with respect to the ownership of Company
properties and the conduct of Company business and operations. With respect to the maintenance, exploration, development and operation of the Assets and any additional Leases acquired pursuant to the
terms hereof, the Manager shall have the standard of care of a prudent and diligent operator. With respect to the Members and their interests in the Company, the Manager shall have the fiduciary and
other duties imposed under applicable law; provided that (i)&nbsp;without limiting the foregoing, the Manager shall at all times act with integrity and in good faith and utilize its reasonable best
efforts in all activities relating to the conduct of the business of the Company and in resolving conflicts of interest; (ii)&nbsp;during the existence of the Company, the Manager shall devote
such time and effort to the Company business and operations as shall be necessary to promote fully the interests of the Company and the mutual best interests of the Members; however, it is
specifically understood and agreed that the Manager shall not be required to devote full time to Company business; and (iii)&nbsp;subject to the other express provisions of this Agreement, each
Member acknowledges that the Manager and other Members currently engage in and possesses, and agrees that the Manager and such other Members may continue to engage in and possess, interests in other
business ventures of any and every type and description, independently or with others, including without limitation the ownership, acquisition, exploration, development, operation and management of
oil and gas properties, oil and gas drilling programs and companies similar to this Company, and (subject to the other express provisions of this Agreement) neither the Company nor the Member shall by
virtue of this Agreement have any right, title or interest in or to such independent ventures. The Manager covenants and agrees that it will at all times retain and have available to it and the
Company a professional staff and outside consultants which together will be reasonably adequate in size, experience and competency to discharge properly the duties and functions of the Manager
hereunder and under any applicable operating and other agreements, including without limitation, engineers, geologists and other technical personnel, attorneys, accountants and secretarial and
clerical personnel. </FONT></P>

<UL>

<P><FONT SIZE=2><B> Section&nbsp;6.4. </B></FONT><FONT SIZE=2><B><I>Indemnification of Manager  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
Company, to the fullest extent permitted by law, shall indemnify and hold harmless the Manager, its Affiliates, and all officers, directors, trustees, partners,
members, principals, shareholders, employees, and agents of the Manager, and its Affiliates (individually, an "</FONT><FONT SIZE=2><B>Indemnitee</B></FONT><FONT SIZE=2>") from and against any and all
losses, claims, demands, costs, damages, liabilities, expenses of any nature (including </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>15</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=16,SEQ=16,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=621079,FOLIO='15',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_16"> </A>

<P><FONT SIZE=2>attorneys'
fees and disbursements), judgments, fines, settlements, and other amounts arising from any and all claims, demands, or proceedings in which an Indemnitee may be involved, or threatened to
be involved, as a party or otherwise, arising out of or incidental to the business of the Company, including liabilities under the federal and state securities laws, regardless of whether an
Indemnitee continues to be a Manager, Affiliate, or an officer, director, trustee, partner, member, principal, shareholder, employee, or agent of a Manager or an Affiliate at the time any such
liability or expense is paid or incurred, if (1)&nbsp;the Indemnitee acted in good faith and in a manner he, she or it reasonably believed to be in, or not opposed to, the interests of the Company,
and, with respect to any criminal proceeding, had no reason to believe its, his, or her conduct was unlawful, and (2)&nbsp;the Indemnitee's conduct did not constitute actual fraud, gross negligence,
embezzlement, or willful or wanton misconduct. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
indemnification provided by this Section shall be in addition to any other rights to which each Indemnitee may be entitled under the Act or under any agreement as a
matter of law or otherwise, both as to action in the Indemnitee's capacity a Manager, an Affiliate, or as an officer, director, trustee, partner, member, principal, shareholder, employee, or agent of
a Manager or Affiliate, and to action in another capacity, and shall continue as to an Indemnitee who has ceased to serve in such capacity and shall inure to the benefit of the heirs, successors,
assigns, administrators, and personal representatives of such Indemnitee. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
Company may purchase and maintain insurance on behalf of any one or more Indemnitees, and other such Persons as the Manager shall determine, against any liability
which may be asserted against or expense which may be incurred by such Person in connection with the Company's activities, whether or not the Company would have the power to indemnify such Person
against such liability under the provisions of this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Any
indemnification hereunder shall be satisfied solely out of Company property, and Members shall not be subject to personal liability by reason of these
indemnification provisions. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;An
Indemnitee shall not be denied indemnification in whole or in part under this Section because the Indemnitee had an interest in the transaction with respect to which
the indemnification applies if the transaction was otherwise permitted by the terms of this Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;The
provisions of this Section are for the benefit of the Indemnitees and the heirs, successors, assigns, administrators, and personal representatives of the Indemnitees
and shall not be deemed to create any rights for the benefit of any other persons. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;The
right to indemnification conferred in this Section shall include the right to be paid or reimbursed by the Company the reasonable expenses (including attorney fees,
disbursements and expenses) incurred by a person entitled to be indemnified who was, is or is threatened to be made a named defendant or respondent in a proceeding in advance of the final disposition
of the proceeding and without any determination as to the Person's ultimate entitlement to indemnification; </FONT><FONT SIZE=2><I>provided, however,</I></FONT><FONT SIZE=2> that the payment of such
expenses incurred by any suchp in advance of the final disposition of a proceeding shall be made only upon delivery to the Company of a written affirmation by such person of his or her good faith
belief that he has met the standard of conduct necessary for indemnification and a written undertaking, by or on behalf of such person, to repay all amounts so advanced if it shall ultimately be
determined that such indemnified Person is not entitled to be indemnified under this Section or otherwise. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.5. </B></FONT><FONT SIZE=2><B><I>Contracts With Affiliates.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Company may enter into contracts and agreements
with the Manager, any Member, and their Affiliates for the rendering of services and the sale and lease of supplies and equipment; provided that either (a)&nbsp;the transaction is on the same terms
and conditions as similar transactions in the market with non-Affiliates, or (b)&nbsp;a Majority of the Members, knowing the material facts of the transaction and the Member's interest,
authorize, approve, or ratify the transaction. The Members have previously authorized and approved the Company's right (but not </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>16</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=17,SEQ=17,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=503829,FOLIO='16',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_17"> </A>
<BR>

<P><FONT SIZE=2>obligation)
to sell oil and/or gas to SemGroup, L.P, an Oklahoma limited partnership that is an Affiliate of the Manager. </FONT></P>

<UL>

<P><FONT SIZE=2><B> Section&nbsp;6.6. </B></FONT><FONT SIZE=2><B><I>Costs and Expenses; Management Fee; Reimbursement</I></B></FONT><FONT SIZE=2><B>.  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;Subject
to the other express provisions of this Agreement, all direct, third-party out of pocket costs and expenses reasonably incurred in the Company's business shall
be paid from Company funds, including without limitation costs of obtaining audits of the Company's books and records (including the fees and expenses of the Company's independent public accountants),
the fees and expenses attributable to the preparation of the Company's tax returns and reports, the fees and expenses of the independent petroleum engineer referenced in </FONT> <FONT SIZE=2><I>Section&nbsp;8.2(f)</I></FONT><FONT SIZE=2>, outside
legal costs, general taxes and other direct, third-party out of pocket costs and expenses of the Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
Company shall pay, and the Manager shall be entitled to receive, a monthly fee (the "</FONT><FONT SIZE=2><B>Management Fee</B></FONT><FONT SIZE=2>") in an amount
equal to $5,000; provided, that the Manager shall not be paid the Management Fee for any month (or portion thereof) if the Manager withdraws from the Company or if the Manager has been removed as
provided herein; provided further, that the Manager shall not be paid the Management Fee for any month (or portion thereof) during which the business and affairs of the Company are being wound up for
liquidation purposes pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;10.3</I></FONT><FONT SIZE=2>, if the Manager is not acting as liquidator hereunder. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Except
as provided in this Agreement, the Manager and its Affiliates shall not be paid any fee, compensation or reimbursement or be entitled to or charge the Company for
or on account of their services, services of their officers, employees or consultants, fees or compensation of those geologists, geophysicists and engineers who are employed by them or otherwise
retained by them, office expense, overhead or any other general or administrative costs or expense. </FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.7. </B></FONT><FONT SIZE=2><B><I>Insurance.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Manager shall cause the Company to obtain (and maintain during the
entire term of the Company), or Manager shall carry for the benefit of the Company, insurance coverage in such amounts, with provisions for such deductible amounts and for such purposes as the Manager
and the Members shall agree upon in writing on or about July&nbsp;1 of each year. Where appropriate, the Manager may include the Company or the Members as additional insureds on any policies
otherwise carried by the Manager and the costs thereof shall be allocated to the Company on a basis mutually agreed upon in writing by the Manager and the Members from time to time. The Members hereby
agree to act in good faith and use their reasonable best efforts to agree upon the appropriate insurance coverage. </FONT></P>

<UL>

<P><FONT SIZE=2><B> Section&nbsp;6.8. </B></FONT><FONT SIZE=2><B><I>Tax Elections</I></B></FONT><FONT SIZE=2><B>.  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
Manager shall make the following elections on behalf of the Company: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;To
elect, in accordance with Section&nbsp;263(c) of the Internal Revenue Code and applicable regulations and comparable state law provisions, to deduct as an expense
all intangible drilling and development costs with respect to productive and non-productive wells and the preparation of wells for the production of oil or gas; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;To
elect the calendar year as the Company's fiscal year if permitted by applicable law; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;To
elect the accrual method of accounting; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;If
requested by any Member, to elect, in accordance with Sections 734, 743 and 754 of the Internal Revenue Code and applicable regulations and comparable state law
provisions, to adjust basis in the event any Company interest is transferred in accordance with this Agreement or any Company property is distributed to any Member; </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>17</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=18,SEQ=18,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=882151,FOLIO='17',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_18"> </A>
<UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;To
elect to treat all organizational and start-up costs of the Company as deferred expenses amortizable over 60&nbsp;months under Sections 195 and 709 of
the Internal Revenue Code; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;To
elect with respect to such other federal, state and local tax matters as the Manager and Members shall agree upon from time to time. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;No
Member shall elect or cause the Company to elect to be treated as an association taxable as a corporation. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
Manager agrees to use its best efforts to cause any tax Company which governs any of the Assets to make an election under Section&nbsp;754 of the Internal Revenue
Code if such election would be beneficial to the Company. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.9. </B></FONT><FONT SIZE=2><B><I>Tax Returns.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Manager shall prepare and timely file all federal, state and
local income and other tax returns and reports as may be required as a result of the business of the Company, which returns shall be signed by the independent certified public accountants of the
Company. Not less than 30&nbsp;days prior to the date (as extended) on which the Company intends to file its federal income tax return or any state income tax return, the return proposed to be filed
by the Manager shall be furnished to the Members for review and comments. In addition, not more than 10&nbsp;days after the date on which the Company actually files its federal income tax return or
any state income tax return, a copy of the return so filed by the Manager shall be furnished to the Members. The Manager shall be designated the tax matters Member under Section&nbsp;6231 of the
Internal Revenue Code and shall promptly notify the Members if any tax return or report of the Company is audited or if any adjustments are proposed by any governmental body. In addition, the Manager
shall promptly furnish to the Members all notices concerning administrative or judicial proceedings relating to federal income tax matters as required under the Internal Revenue Code. During the
pendency of any such administrative or judicial proceeding, the Manager shall furnish to the Members periodic reports, not less often than monthly, concerning the status of any such proceeding.
Without the consent of the Members, the Manager shall not extend the statute of limitations, file&nbsp;a request for administrative adjustment, file suit concerning any tax refund or deficiency
relating to any Company administrative adjustment or enter into any settlement agreement relating to any Company item of income, gain, loss, deduction or credit for any fiscal year of the Company. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_vii_rights_and_obligations_of_the_members"> </A>
<A NAME="toc_km1194_8"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE VII<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>RIGHTS AND OBLIGATIONS OF THE MEMBERS    <BR>    </I></B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.1. </B></FONT><FONT SIZE=2><B><I>Rights of the Members.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In addition to the other rights specifically set forth
herein, the Members shall have the right to: (a)&nbsp;have the Company books and records (including without limitation those referenced in the Act) kept at the principal United States office of the
Company and at all reasonable times to inspect and copy any of them, (b)&nbsp;have on demand true and full information of all
things affecting the Company and a formal account of Company affairs whenever circumstances render it just and reasonable, (c)&nbsp;have dissolution and winding up by decree of court as provided for
in the Act, (d)&nbsp;consult with and advise the Manager and (e)&nbsp;exercise all rights of a Member under the Act (except to the extent otherwise specifically provided for herein). </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.2. </B></FONT><FONT SIZE=2><B><I>Limitations on Members.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Members shall not have the authority or power in its
capacity as a Member to act as agent for or on behalf of the Company or any other Member, to do any act which would be binding on the Company or any other Member, or to incur any expenditures on
behalf of or with respect to the Company. The Manager shall not hold out or represent to any third party that any Member has any such right or power or that a Member is anything other than a "Member"
in the Company. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>18</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=19,SEQ=19,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=221097,FOLIO='18',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_19"> </A>
<BR>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.3. </B></FONT><FONT SIZE=2><B><I>Liability of Members.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Members shall not be liable for the debts, liabilities,
contracts or other obligations of the Company except to the extent of the Member's share of the assets (including undistributed revenues) of the Company; and in all events, the Members shall be liable
and obligated to make payments of their Capital Contributions only as and when such payments are due in accordance with the terms of this Agreement, and the Members shall not be required to make any
loans to the Company. The Company shall indemnify and hold harmless the Members in the event they (a)&nbsp;become liable for any debt, liability, contract or other obligation of the Company except
to the extent expressly provided in the preceding sentence or (b)&nbsp;are directly or indirectly required to make any payments with respect thereto. </FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.4. </B></FONT><FONT SIZE=2><B><I>Access of Members to Data.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;During the term of the Company, the Company may
acquire or have access to geophysical, geological and other similar data and information. The Members and their agents and representatives, at any time either during the term of or after termination
of the Company, shall have the right to inspect, review and copy any such data or information (or studies, maps, evaluations or reports derived therefrom) which relates to the Assets or other Leases
which the Company owns or has owned or which has been paid for with Company funds and to consult with the Company's independent certified public accountants and independent petroleum engineers and the
Manager's technical personnel with respect to Company matters. Upon liquidation of the Company, copies of all such documents shall be distributed to the Members if so requested. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.5. </B></FONT><FONT SIZE=2><B><I>Withdrawal and Return of Capital Contribution.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Members shall not be entitled
to (a)&nbsp;withdraw from the Company except upon the assignment by such Member of all of its interest in the Company and the substitution of such Member's assignee as a Member of the Company in
accordance with </FONT><FONT SIZE=2><I>Section&nbsp;9.1</I></FONT><FONT SIZE=2>, or (b)&nbsp;the return of its Capital Contributions except to the extent, if any, that distributions made pursuant
to the express terms of this Agreement may be considered as such by law or by unanimous agreement of the Members, or upon dissolution and liquidation of the Company, and then only to the extent
expressly provided for in this Agreement and as permitted by law. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_viii_books,_rec__km102141"> </A>
<A NAME="toc_km1194_9"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE VIII<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>BOOKS, RECORDS, REPORTS AND BANK ACCOUNTS    <BR>    </I></B></FONT></P>

<UL>

<P><FONT SIZE=2><B> Section&nbsp;8.1. </B></FONT><FONT SIZE=2><B><I>Capital Accounts, Books and Records</I></B></FONT><FONT SIZE=2><B>.  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;Except
as may otherwise be required by this Agreement, the Manager shall keep books of account for the Company in accordance with generally accepted accounting
principles consistently applied in accordance with the terms of this Agreement. Such books shall be maintained at the principal United States office of the Company and shall be maintained by the
Manager for review by the Members during the term of the Company and for a period of five years thereafter. The calendar year shall be selected as the accounting year of the Company and the books of
account shall be maintained on an accrual basis. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;An
individual capital account shall be maintained by the Company for each Member as provided below: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;The
capital account of each Member shall, except as otherwise provided herein, be (A)&nbsp;credited by such Member's Capital Contributions when made,
(B)&nbsp;credited by the fair market value of any property contributed to the Company by such Member (net of liabilities secured by such contributed property that the Company is considered to assume
or take subject to under Section&nbsp;752 of the Internal Revenue Code), (C)&nbsp;credited with the amount of any item of taxable income or gain and the amount of any item of income or gain exempt
from tax allocated to such Member, (D)&nbsp;credited with the Member's share of Simulated Gain as provided in </FONT><FONT SIZE=2><I>paragraph&nbsp;(ii)</I></FONT><FONT SIZE=2> of this </FONT> <FONT SIZE=2><I>Section&nbsp;8.1(b)</I></FONT><FONT
SIZE=2>, (E)&nbsp;debited by the amount of any item of tax deduction or loss allocated to such Member, (F)&nbsp;debited with the
Member's share of Simulated Loss and Simulated Depletion as </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>19</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=20,SEQ=20,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=152481,FOLIO='19',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_20"> </A>
<UL>

<P><FONT SIZE=2>provided
in </FONT><FONT SIZE=2><I>paragraph&nbsp;(ii)</I></FONT><FONT SIZE=2> of this </FONT><FONT SIZE=2><I>Section&nbsp;8.1(b)</I></FONT><FONT SIZE=2>, (G)&nbsp;debited by such Member's
allocable share of expenditures of the Company not deductible in computing the Company's taxable income and not properly chargeable as capital expenditures, including any non-deductible
book amortizations of capitalized costs, and (H)&nbsp;debited by the amount of cash or the fair market value of any property distributed to such Member (net of liabilities secured by such
distributed property that such Member is considered to assume or take subject to under Section&nbsp;752 of the Internal Revenue Code). Immediately prior to any distribution of assets by the Company
that is not pursuant to a liquidation of the Company or all or any portion of a Member's interest therein, the Members' capital accounts shall be adjusted by (X)&nbsp;assuming that the distributed
assets were sold by the Company for cash at their respective fair market values as of the date of distribution by the Company and (Y)&nbsp;crediting or debiting each Member's capital account with
its respective share of the hypothetical gains or losses, including Simulated Gains and Simulated Losses, resulting from such assumed sales in the same manner as each such capital account would be
debited or credited for gains or losses on actual sales of such assets. Notwithstanding the foregoing sentence, the Company shall not distribute any property in kind to any Member except as provided
in </FONT><FONT SIZE=2><I>Section&nbsp;10.3</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;The
allocation of basis prescribed by Section&nbsp;613A(c)(7)(D) of the Internal Revenue Code and provided for in </FONT> <FONT SIZE=2><I>Section&nbsp;4.3(b)</I></FONT><FONT SIZE=2> and each Member's separately computed depletion deductions shall not
reduce such Member's capital account, but such Member's
capital account shall be decreased by an amount equal to the product of the depletion deductions that would otherwise be allocable to the Company in the absence of Section&nbsp;613A(c)(7)(D) of the
Internal Revenue Code (computed without regard to any limitations which theoretically could apply to any Member) times such Member's percentage share of the adjusted basis of the property (determined
under </FONT><FONT SIZE=2><I>Section&nbsp;4.3(b)</I></FONT><FONT SIZE=2>) with respect to which such depletion is claimed (herein called "</FONT><FONT SIZE=2><B>Simulated
Depletion</B></FONT><FONT SIZE=2>"). The Company's basis in any Depletable Property as adjusted from time to time for the Simulated Depletion allocable to all Members (and where the context requires,
each Member's allocable share thereof, which share shall be determined in the same manner as the allocation of basis prescribed in </FONT> <FONT SIZE=2><I>Section&nbsp;4.3(b)</I></FONT><FONT SIZE=2>) is herein called "</FONT><FONT SIZE=2><B>Simulated
Basis</B></FONT><FONT SIZE=2>". No Member's capital account shall be
decreased, however, by Simulated Depletion deductions attributable to any Depletable Property to the extent such deductions exceed such Member's allocable share of the Company's remaining Simulated
Basis in such property. The Company shall compute simulated gain ("</FONT><FONT SIZE=2><B>Simulated Gain</B></FONT><FONT SIZE=2>") or simulated loss ("</FONT><FONT SIZE=2><B>Simulated
Loss</B></FONT><FONT SIZE=2>") attributable to the sale or other disposition of a Depletable Property based on the difference between the amount realized from such sale or other disposition and the
Simulated Basis of such property, as theretofore adjusted. Any Simulated Gain shall be allocated to the Members and shall increase their respective capital accounts in the same manner as the amount
realized from such sale or other disposition in excess of Simulated Basis shall have been allocated pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;4.3(b)</I></FONT><FONT SIZE=2>. Any Simulated
Loss shall be allocated to the Members and shall reduce their respective capital accounts in the same percentages as
the costs of the property sold were allocated up to an amount equal to each Member's share of the Company's Simulated Basis in such property at the time of such sale. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;Any
adjustments of basis of Company property provided for under Sections 734 and 743 of the Internal Revenue Code and comparable provisions of state law (resulting
from an election under Section&nbsp;754 of the Internal Revenue Code or comparable provisions of state law) and any election by an individual Member under Section&nbsp;59(e)(4) of the Internal
Revenue Code to amortize such Member's share of intangible drilling and development costs shall not affect the capital accounts of the Members (unless otherwise required by applicable Treasury
Regulations), and the Members' capital accounts shall be debited or credited pursuant to the terms of this </FONT><FONT SIZE=2><I>Section&nbsp;8.1</I></FONT><FONT SIZE=2> as if no such election had
been made. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>20</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=21,SEQ=21,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=141825,FOLIO='20',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_21"> </A>
<UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;Capital
accounts shall be adjusted, in a manner consistent with this </FONT><FONT SIZE=2><I>Section&nbsp;8.1</I></FONT><FONT SIZE=2>, to reflect any adjustments in
items of Company income, gain, loss or deduction that result from amended returns filed by the Company or pursuant to an agreement by the Company with the Internal Revenue Service or a final court
decision. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;In
the case of property contributed to the Company by a Member, the Members' capital accounts shall be debited or credited for items of depreciation, cost recovery,
Simulated Depletion, amortization and gain or loss (including Simulated Gain or Simulated Loss) with respect to such property computed in accordance with Treasury Regulation &sect;
1.704-1(b)(2)(iv)(g). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;It
is the intention of the Members that the capital accounts of each Member be kept in the manner required under Treasury Regulation &sect;
1.704-1(b)(2)(iv)&nbsp;and Treasury Regulation &sect; 1.704-1(b)(4). To the extent any additional adjustment to the capital accounts is required by such regulations,
the Manager is hereby authorized to make such adjustment after notice to the Members. </FONT></P>

</UL>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.2. </B></FONT><FONT SIZE=2><B><I>Reports.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Except as a Majority of the Members shall agree, the Manager shall
continue to deliver to the Members such monthly, quarterly and annual reports and financial statements as have been delivered to the Members to date (including such reports and financial statements as
have been delivered to the Members prior to the conversion of the Company from a limited partnership to a limited liability company), together with such reports and statements as the Members shall
reasonably request from time to time. The cost of such reporting paid to third parties shall be paid by the Company as a Company expense. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.3. </B></FONT><FONT SIZE=2><B><I>Bank Accounts.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Manager shall cause one or more accounts to be maintained in
the name of the Company in one or more banks which each have capital, surplus and undivided profits of at least
$250,000,000, which accounts shall be used for the payment of expenditures incurred by the Manager in connection with the business of the Company and in which shall be deposited any and all receipts
of the Company. All amounts shall be and remain the property of the Company and shall be received, held and disbursed by the Manager for the purposes specified in this Agreement. There shall not be
deposited in any of such accounts any funds other than funds belonging to the Company, and no other funds shall in any way be commingled with such funds. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.4. </B></FONT><FONT SIZE=2><B><I>Information Relating to the Company.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Upon request, the Manager shall supply to
the Members any information requested regarding the Company or its activities. During ordinary business hours, the Members and their authorized agents and representatives shall have reasonable access
to all books, records and materials in the Company's offices regarding the Company or its activities and, at the risk of the Member, to the drill site of each Company well. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.5. </B></FONT><FONT SIZE=2><B><I>Certain Notices.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Manager shall promptly notify Members (a)&nbsp;of any
default by the Manager in the performance of any of its obligations hereunder, (b)&nbsp;in the event a Member become entitled to dissolve the Company pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;10.1(c)</I></FONT><FONT SIZE=2>, immediately after
the Manager becomes aware of such event or (c)&nbsp;if the Company is no longer treated as a partnership for
tax purposes. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_ix_assignments_of_interests_and_substitutions"> </A>
<A NAME="toc_km1194_10"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE IX<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>ASSIGNMENTS OF INTERESTS AND SUBSTITUTIONS    <BR>    </I></B></FONT></P>

<UL>

<P><FONT SIZE=2><B> Section&nbsp;9.1. </B></FONT><FONT SIZE=2><B><I>Assignments by Members; Substitutions</I></B></FONT><FONT SIZE=2><B>.  </B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
interest of a Member in the Company shall be assignable in whole or in part, subject to the following: (i)&nbsp;no such assignment shall be made if such assignment
would result in the violation of any applicable federal or state securities laws and (ii)&nbsp;the Company shall not be required to recognize </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>21</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=22,SEQ=22,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=378740,FOLIO='21',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_22"> </A>

<P><FONT SIZE=2>any
such assignment until the instrument conveying such interest has been delivered to the Manager for recordation on the books of the Company. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Unless
an assignee becomes a substituted Member in accordance with the provisions set forth below, such assignee shall not be entitled to any of the rights granted to
the assigning Member hereunder, other than the right to receive allocations of income, gain, loss, deduction, credit and similar items and distributions to which the assignor would otherwise be
entitled, to the extent such items are assigned. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;An
assignee of the interest of a Member, or any portion thereof, shall become a substituted Member entitled to all of the rights of the assigning Member if, and only if
(i)&nbsp;the assignor gives the assignee such right, (ii)&nbsp;Members owning more than 50% of the outstanding Units (other than Units held by the assigning Member), in their sole and absolute
discretion, consent to such substitution and (iii)&nbsp;the assignee executes and delivers such instruments, in form and substance reasonably satisfactory to the Manager, as the Manager may deem
necessary or desirable to effect such substitution and to confirm the agreement of the assignee to be bound by all of the terms and provisions of this Agreement. Upon the satisfaction of such
requirements, the Manager shall concurrently (or as of such later date as shall be provided for in any applicable written instruments furnished to the Manager) admit any such assignee as a substituted
Member of the Company and reflect such admission and the date thereof in the records of the Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;The
Company and the Manager shall be entitled to treat the record owner of any Company interest as the absolute owner thereof in all respects and shall incur no
liability for distributions of cash or other property made in good faith to such owner until such time as a written assignment of such interest that complies with the terms of this Agreement has been
received by the Manager. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.2. </B></FONT><FONT SIZE=2><B><I>Removal of Manager.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Subject to the provisions hereof, a Majority of the Members
may remove the Manager with cause and select a new Manager to operate and carry on the business and affairs of the Company. As used in this </FONT> <FONT SIZE=2><I>Section&nbsp;9.2</I></FONT><FONT SIZE=2> and in </FONT><FONT
SIZE=2><I>Section&nbsp;9.3</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><B>"with
cause"</B></FONT><FONT SIZE=2> shall mean the occurrence of any of the following: (a)&nbsp;the commission by the Manager of fraud, willful or intentional misconduct or gross negligence in the
performance of its duties hereunder; (b)&nbsp;a default by the Manager in the performance of its obligation hereunder to make a distribution of cash or properties due and owing to the Members;
(c)&nbsp;a default by the Manager in the performance or observation of any other material agreement, covenant, term, condition or obligation hereunder, which default must have continued for not less
than 20&nbsp;days after written notice thereof has been given to the Manager by any Member. Any such successor Manager will be named in, and his appointment as such will be effective as of a date
specified in, a notice to the Manager from the Members exercising their right to remove the Manager and select the successor Manager. The removal of the Manager shall be effective only if and when the
following conditions have been satisfied: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;A
successor Manager shall have been selected and shall have agreed to accept the responsibilities of the Manager and shall have made arrangements to release the removed
Manager from personal liability on all permitted Company indebtedness; and if the Company creditors will not consent to such release, the new Manager shall indemnify, in a manner reasonably
satisfactory to the removed Manager, the removed Manager for such liability. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;To
the extent required by the laws of any jurisdiction to which the Company or this Agreement is subject, the Members hereby unanimously appoint such successor Manager
as the agent and attorney in fact for each Member (including without limitation the retiring Manager) for the purpose of signing, swearing to and filing an amendment to the Articles of Organization of
the Company and all other necessary or appropriate documents in connection with the substitution of such successor Manager. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>22</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=23,SEQ=23,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=380858,FOLIO='22',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_23"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
provisions of this </FONT><FONT SIZE=2><I>Section&nbsp;9.2</I></FONT><FONT SIZE=2> shall not be the sole remedy of the Members in the event the Manager is removed with cause, and
in such event the Company and/or the Members shall have all other rights and remedies as shall be available to them pursuant to this Agreement, at law or in equity to redress any wrong or damage
arising from the event or circumstances giving rise to the Manager's removal with cause. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.3. </B></FONT><FONT SIZE=2><B><I>Right of Manager Upon Removal.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In the event the Manager is removed in accordance
with </FONT><FONT SIZE=2><I>Section&nbsp;9.2</I></FONT><FONT SIZE=2>, the incoming Manager shall have the right to purchase from the removed Manager all of the removed Manager's Member interest in
the Company at a price equal to the appraised value thereof. Such appraised value shall be determined by a qualified independent appraiser who is mutually agreed upon by both the removed Manager and
the incoming Manager within 30&nbsp;days after the selection of the incoming Manager. If the removed Manager and the incoming Manager cannot mutually agree upon a single independent appraiser within
such period, they shall each select their own independent appraiser and those two appraisers shall select a third independent appraiser. The cost of such appraisal shall be borne by the removed
Manager. The incoming Manager's option to acquire such interests must be exercised by notice in writing to the removed Manager not more than 20&nbsp;days after the selection of the incoming Manager
and the purchase price for such interest shall be paid in cash not more than 30&nbsp;days after receipt by the parties of the report of the appraiser setting forth the appraised value. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_x_dissolution,_liquidation_and_termination"> </A>
<A NAME="toc_km1194_11"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE X<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>DISSOLUTION, LIQUIDATION AND TERMINATION    <BR>    </I></B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.1. </B></FONT><FONT SIZE=2><B><I>Dissolution.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Company shall be dissolved upon the occurrence of any of the
following: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
occurrence of December&nbsp;31, 2028. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
consent in writing of the Members. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
election of a Member by written notice to the other Member if at the time such notice is given (i)&nbsp;the Manager has committed fraud, willful or intentional
misconduct or gross negligence in the performance of its duties hereunder, (ii)&nbsp;the Manager has defaulted in the performance of its obligation to make a distribution of cash or properties due
and owing the Members, or (iii)&nbsp;the Manager has defaulted in the performance or observation of any other material agreement, covenant, term, condition or obligation hereunder, which default
must have continued for not less than 20&nbsp;days after written notice thereof has been given to the Manager by the Member, </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;The
sale or other disposition of all or substantially all of the assets of the Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;The
occurrence of any other event which under the Act causes the dissolution the Company. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.2. </B></FONT><FONT SIZE=2><B><I>Liquidation and Termination.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Upon dissolution of the Company the Manager shall
act as liquidator or may appoint in writing one or more liquidators who shall have full authority to wind up the affairs of the Company and make final distribution as provided herein; provided,
however, that if one of the events specified in </FONT><FONT SIZE=2><I>Sections 10.1(c)</I></FONT><FONT SIZE=2> has occurred, the liquidator shall be a person selected in writing by the
Class&nbsp;B Member. The liquidator shall continue to operate the Company properties with all of the power and authority of the Manager. The steps to be accomplished by the liquidator are as
follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;As
promptly as possible after dissolution and again after final liquidation, the liquidator shall cause a proper accounting to be made by the Company's independent
accountants of the Company's assets, liabilities and operations through the last day of the month in which the dissolution occurs or the final liquidation is completed, as appropriate. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>23</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=24,SEQ=24,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=351126,FOLIO='23',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_24"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
liquidator shall pay all of the debts and liabilities of the Company or otherwise make adequate provision therefor (including without limitation the establishment of
a cash escrow fund for contingent liabilities in such amount and for such term as the liquidator may reasonably determine). After making payment or provision for all debts and liabilities of the
Company, the Members' capital accounts shall then be adjusted by (i)&nbsp;assuming the sale of all remaining assets of the Company for cash at their respective fair market values (as determined by
an appraiser selected by a Majority of the Members within 30&nbsp;days after receipt by the Members of notice that the liquidator has paid or made provision for all debts and liabilities of the
Company) as of the date of termination of the Company, (ii)&nbsp;assuming the distribution of such cash at such time in the percentages required under </FONT><FONT SIZE=2><I>Sections
4.2</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>4.4</I></FONT><FONT SIZE=2>, and (iii)&nbsp;debiting or crediting each Member's capital account with its respective share of the hypothetical
gains or losses resulting from such assumed sales in the same manner as each such capital account would be debited or credited for gains or losses on actual sales of such assets. In the event that a
Majority of the Members fails to notify the Manager of their selection of an appraiser pursuant to the preceding sentence within the time period specified therein, the Manager shall be entitled to
select such appraiser. The liquidator shall then by payment of cash or other property (valued as of the date of termination of the Company at its fair market value by the appraiser selected in the
manner provided above) distribute to the Members such amounts as are required to pay the positive balances of their remaining respective capital accounts. To the extent possible and provided that the
ownership of such property would not be in violation of any rule or regulation then applicable to the Members, such a distribution shall be in kind unless otherwise agreed to by the Members. Each
Member shall have the right to designate another person to receive any property which otherwise would be distributed in kind to that Member pursuant to this </FONT> <FONT SIZE=2><I>Section&nbsp;10.3</I></FONT><FONT SIZE=2> and </FONT><FONT
SIZE=2><I>Section&nbsp;10.2</I></FONT><FONT SIZE=2> if that Section is applicable. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Any
Leases distributed to the Members shall be subject to the operating agreements then in effect with respect to such Leases; provided, however, that if any of such
Leases is subject to an operating agreement to which an unaffiliated third person is not a party, such Leases shall be subject to a standard form operating agreement as shall be agreed upon by the
Members. Upon written request made by any Member, the liquidator shall sell the Company Leases and other properties and assets that otherwise would be distributable to such Member under this </FONT> <FONT SIZE=2><I>Section&nbsp;10.3</I></FONT><FONT
SIZE=2> at the best cash price available therefor and distribute such cash (after deducting all expenses reasonably relating to such sale)
to such Member. Such sale shall be on behalf of such Member and shall be treated as the sale by such Member of its interest in such properties, and any gain or loss attributable to such sale and any
proceeds therefrom shall be for the account of such Member. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Any
distributions to the Members in liquidation of the Company, or of a Member's interest in the Company, shall be made by the later of the end of the taxable year in
which the liquidation occurs, or 90&nbsp;days after the date of such liquidation. For purposes of the preceding sentence, the term "liquidation" shall have the same meaning as set forth in Treasury
Regulation &sect; 1.704-1(b)(2)(ii)(g) as in effect at such time. Notwithstanding any other provision of this Agreement, in the event the Company is liquidated within the meaning of
Section&nbsp;1.704-1(b)(2)(ii)(g) of the Treasury Regulations but no dissolution event has occurred, the Company's Assets shall not be liquidated, the Company's liabilities shall not be
paid or discharged, and the Company's affairs shall not be wound up. Instead, the Company shall be deemed to have contributed the Company's Assets in kind to a new limited liability company in
exchange for equity interests therein, which shall be deemed to have assumed and taken such assets subject to all Company liabilities. Immediately thereafter, the Company shall be deemed to have
distributed the new limited liability company interest to the Members in accordance with their Units. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;Except
as expressly provided herein, the liquidator shall comply with any applicable requirements of the Act and all other applicable laws pertaining to the winding up
of the affairs of the Company and the final distribution of its assets. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>24</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=25,SEQ=25,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=111768,FOLIO='24',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_25"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
distribution of cash and/or property to the Members in accordance with the provisions of this </FONT><FONT SIZE=2><I>Section&nbsp;10.2</I></FONT><FONT SIZE=2> shall constitute a
complete return to the Members of their Capital Contributions and a complete distribution to the Members of their interest in the Company and all Company property. If a Member has a negative balance
in its capital account, it shall not be liable to the Company or any other Member for the amount of such negative balance upon dissolution and liquidation. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10.3. </B></FONT><FONT SIZE=2><B><I>Filing Articles of Dissolution.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Upon the completion of the Distribution of
Company Property, articles of dissolution shall be filed if required by the Act, and each Member agrees to take whatever action may be advisable or proper to carry out the provisions of this Section. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_xi_representations_and_warranties"> </A>
<A NAME="toc_km1194_12"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE XI<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>REPRESENTATIONS AND WARRANTIES    <BR>    </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Member represents, warrants and covenants to the Company and other Member as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;It
is duly organized, validly existing and in good standing under the laws of its state of incorporation. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;It
has all requisite power and authority to execute and deliver this Agreement and to perform its obligations hereunder. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
execution, delivery and performance of this Agreement are within its powers and do not (i)&nbsp;contravene or violate any provisions of its Articles of
Organization or Operating Agreement, as amended to the date hereof, or (ii)&nbsp;contravene or result in any breach of or constitute a default under any applicable law, rule or regulation or any
loan, note or other agreement or instrument to which it is a party or by which it or any of its properties are bound. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;When
delivered to the Manager, this Agreement will be duly and validly executed by such Member and will be binding upon it in accordance with the terms hereof. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;It
has acquired its interest in the Company as an investment and not with a view to the resale or other distribution to the public; provided, however, that the
disposition of its interest shall at all times be and remain within its control. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1194_article_xii_miscellaneous"> </A>
<A NAME="toc_km1194_13"> </A>
<BR></FONT><FONT SIZE=2><B>ARTICLE XII<BR>  <BR>    </B></FONT><FONT SIZE=2><B><I>MISCELLANEOUS    <BR>    </I></B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.1. </B></FONT><FONT SIZE=2><B><I>Notices.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;All notices, elections, demands or other communications required or
permitted to be made or given pursuant to this Agreement shall be in writing and shall be considered as properly given or made if given by (a)&nbsp;personal delivery, (b)&nbsp;expedited delivery
service with proof of delivery, (c)&nbsp;first class mail postage prepaid, or (d)&nbsp;prepaid telegram, telex or facsimile (provided that such telegram, telex or facsimile is confirmed by
expedited delivery service in the manner previously described). Each Member's address for notices and other communications hereunder shall be that set forth opposite such Member's signature hereto;
provided, however, that when in this Agreement it is provided that a time period shall commence when a notice is received, such time period shall commence upon actual receipt by the addressee
regardless of when the notice is given or made. A Member may change its address by giving notice in writing to the Manager of its new address. </FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.2. </B></FONT><FONT SIZE=2><B><I>Amendments.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement may be changed, modified, or amended only by an
instrument in writing duly executed by all Members. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.3. </B></FONT><FONT SIZE=2><B><I>Partition.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each of the Members hereby irrevocably waives for the term of the
Company any right that such Member may have to maintain any action for partition with respect to the Company property. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>25</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=26,SEQ=26,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=680393,FOLIO='25',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<A NAME="page_km1194_1_26"> </A>
<BR>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.4. </B></FONT><FONT SIZE=2><B><I>Entire Agreement.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement and the other documents contemplated hereunder
constitute the full and complete agreement of the parties hereto with respect to the subject matter hereof. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.5. </B></FONT><FONT SIZE=2><B><I>No Waiver.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The failure of any Member to insist upon strict performance of a
covenant hereunder or of any obligation hereunder, irrespective of the length of time for which such failure continues, shall not be a waiver of such Member's right to demand strict compliance in the
future. No consent or waiver, express or implied, to or of any breach or default in the performance of any obligation hereunder shall constitute a consent or waiver to or of any other breach or
default in the performance of the same or any other obligation hereunder. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.6. </B></FONT><FONT SIZE=2><B><I>Applicable Law.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement and the rights and obligations of the parties
hereunder shall be governed by and interpreted, construed and enforced in accordance with the laws of the State of Kansas. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.7. </B></FONT><FONT SIZE=2><B><I>Successors and Assigns.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise provided herein, this Agreement
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.8. </B></FONT><FONT SIZE=2><B><I>Exhibits.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each Exhibit is incorporated herein by reference and made a part
hereof for all purposes and references to this Agreement shall also include such Exhibit unless the context in which used shall otherwise require. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.9. </B></FONT><FONT SIZE=2><B><I>Survival of Representations and Warranties.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;All representations, warranties and
covenants made by the Manager or the Members in this Agreement or any other document contemplated thereby or hereby shall be considered to have been relied upon by the other party hereto and shall
survive the execution and delivery of this Agreement or such other document, regardless of any investigation made by or on behalf of any such party. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.10. </B></FONT><FONT SIZE=2><B><I>No Third Party Benefit.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Nothing in this Agreement, either express or implied,
is intended to or shall confer upon any person other than the parties hereto, and their respective successors and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or
by reason of this Agreement. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.11. </B></FONT><FONT SIZE=2><B><I>Counterparts.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement may be executed in several counterparts, each of
which shall be deemed an original and all of which shall constitute but one and the same instrument. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.12. </B></FONT><FONT SIZE=2><B><I>Public Announcements.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Except as may be required by applicable law or by
obligations pursuant to any listing agreement with any national securities exchange, neither the Manager nor any Member shall issue any press release or otherwise make any public statement with
respect to this Agreement or the transactions contemplated hereby without the prior written approval of the other party, which approval shall not be unreasonably withheld. Any such press release or
public statement required by applicable law or by obligations pursuant to any listing agreement with any national securities exchange shall only be made after reasonable notice to the other party. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>26</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=27,SEQ=27,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=1016670,FOLIO='26',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>IN WITNESS WHEREOF</B></FONT><FONT SIZE=2>, the undersigned has executed this Agreement as of the day and year first above written. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>CLASS A MEMBER:<BR>
MV ENERGY, LLC</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><FONT SIZE=2><B>MURFIN,&nbsp;INC., </B></FONT><FONT SIZE=2>Member</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>DAVID L. MURFIN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> David L. Murfin, Chairman of the Board</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><FONT SIZE=2><B>VESS ACQUISITION GROUP, LLC, </B></FONT><FONT SIZE=2>Member</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><FONT SIZE=2><B>VESS ENERGY, LLC, </B></FONT><FONT SIZE=2>Managing Member</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>J. MICHAEL VESS</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> J. Michael Vess, Managing Member</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>ADDRESS FOR NOTICE PURPOSES:</B></FONT><FONT SIZE=2><BR>
250 N. Water<BR>
Suite 300<BR>
Wichita, Kansas 67202<BR>
Attention: David L. Murfin<BR>
Telecopy No.: 316-267-6004</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2><B>Signature Page&#151;First Amended and Restated Operating Agreement of MV Partners, LLC.  </B></FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=28,SEQ=28,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=1033178,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>IN WITNESS WHEREOF</B></FONT><FONT SIZE=2>, the undersigned has executed this Agreement as of the day and year first above written. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>CLASS B MEMBER:<BR>
VAP-I, LLC</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><FONT SIZE=2><B>MV ENERGY, LLC, </B></FONT><FONT SIZE=2>Manager of VAP-I, LLC</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><FONT SIZE=2><B>MURFIN,&nbsp;INC., </B></FONT><FONT SIZE=2>Member of MV Energy, LLC</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>DAVID L. MURFIN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> David L. Murfin, Chairman of the Board</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><FONT SIZE=2><B>VESS ACQUISITION GROUP, LLC, </B></FONT><FONT SIZE=2>Member of MV Energy, LLC</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><FONT SIZE=2><B>VESS ENERGY, LLC, </B></FONT><FONT SIZE=2>Managing Member</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>J. MICHAEL VESS</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> J. Michael Vess, Managing Member</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>ADDRESS FOR NOTICE PURPOSES:</B></FONT><FONT SIZE=2><BR>
250 N. Water<BR>
Suite 300<BR>
Wichita, Kansas 67202<BR>
Attention: David L. Murfin<BR>
Telecopy No.: 316-267-6004</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Signature Page&#151;First Amended and Restated Operating Agreement of MV Partners, LLC.  </B></FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=29,SEQ=29,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=179534,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KM1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kx1194_exhibit_5.5"> </A>
<A NAME="toc_kx1194_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT 5.5    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>ATTACHED
TO AND MADE A PART OF THE<BR>
FIRST AMENDED AND RESTATED<BR>
OPERATING AGREEMENT<BR>
OF MV PARTNERS, LLC </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><I>ACCOUNTING PROCEDURE</I></FONT><FONT SIZE=2><BR>
I. GENERAL PROVISION </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2><I>Definitions</I></FONT></DD></DL>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Agreement"
shall mean the First Amended and Restated Operating Agreement dated as of September&nbsp;1, 2006, governing MV Partners, LLC. Terms defined in the Agreement shall have the
same meanings whenever used herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Joint
Property" shall mean the real and personal property from time to time owned by the Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Joint
Operations" shall mean all operations necessary or proper for the exploration, development, operation, protection and maintenance of the Joint Property. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Joint
Account" shall mean the account showing the charges paid and credits received in the conduct of the Joint Operations and which are to be shared by the Parties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Operator"
shall mean either MDC or Vess Oil, as applicable. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Non-Operator"
shall mean the Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Parties"
shall mean Operator and Non-Operator. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"First
Level Supervisors" shall mean those employees of Operator whose primary function in Joint Operations is the direct supervision of other employees and/or contract labor directly
employed on the Joint Property in a field operating capacity. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Technical
Employees" shall mean those employees of Operator having special and specific engineering, geological or other professional skills, and whose primary function in Joint
Operations is the handling of specific operating conditions and problems for the benefit of the Joint Property. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Personal
Expenses" shall mean reasonable travel and other reasonable reimbursable expenses of Operator's employees. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Material'
shall mean personal property, equipment or supplies acquired or held for use on the Joint Property. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Controllable
Material" shall mean Material which at the time is so classified in the Material Classification Manual as most recently recommended by the Council of Petroleum Accountants
Societies of North America. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2><I>Statements</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operator
shall periodically furnish Non-Operator statements of all charges and credits to the Company and amounts chargeable to each Member, summarized by appropriate
classification indicative of the nature thereof. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD><FONT SIZE=2><I>Conflict with Agreement</I></FONT></DD></DL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event of a conflict between the provisions of this Accounting Procedure and the provisions of the Agreement, the provisions of the Agreement shall control. </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=30,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=185109,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KX1194A.;9',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kx1194_ii._direct_charges"> </A>
<A NAME="toc_kx1194_2"> </A>
<BR></FONT><FONT SIZE=2>II. DIRECT CHARGES    <BR></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operator
shall charge the Joint Account with the following items: </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2><I>Rentals and Royalties</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease
rentals and royalties paid by Operator for the Joint Operations. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2><I>Labor</I></FONT><FONT SIZE=2>
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>A.</FONT></DT><DD><FONT SIZE=2>(1)
Salaries and wages of Operator's field employees directly employed on the Joint Property in the conduct of Joint Operations.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>(2)
Salaries of First Level Supervisors in the field.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>B.</FONT></DT><DD><FONT SIZE=2>Operator's
costs of holiday, vacation, sickness and disability benefits and other customary allowances paid to employees whose salaries and wages are chargeable to the Joint Account
under Paragraph&nbsp;2A of this Section&nbsp;II. Such costs under this Paragraph&nbsp;2B may be charged on a "when and as paid basis" or by "percentage assessment" on the amount of salaries and
wages chargeable to the Joint Account under Paragraph&nbsp;2A of this Section&nbsp;II. If percentage assessment is used, the rate shall be based on the Operator's cost experience.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>C.</FONT></DT><DD><FONT SIZE=2>Expenditures
or contributions made pursuant to assessments imposed by governmental authority which are applicable to Operator's costs chargeable to the Joint Account under Paragraphs
2A and 2B of this Section&nbsp;II.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>D.</FONT></DT><DD><FONT SIZE=2>Personal
Expenses of those employees whose salaries and wages are chargeable to the Joint Account under Paragraph&nbsp;2A of this Section&nbsp;II.
<BR><BR></FONT></DD></DL>
</DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD><FONT SIZE=2><I>Employee Benefits</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operator's
current costs of established plans for employees' group life insurance, hospitalization, pension, retirement, stock purchase, thrift, bonus, and other benefit plans of a like
nature, applicable to Operator's labor cost chargeable to the Joint Account under Paragraphs 2A and 2B of this Section&nbsp;II shall be Operator's actual cost. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>4.</FONT></DT><DD><FONT SIZE=2><I>Material</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Material
purchased or furnished by Operator for use on the Joint Property as provided under Section&nbsp;IV. Only such Material shall be purchased for or transferred to the Joint
Property as may be required for use and is reasonably practical and consistent with efficient and economical operations. The accumulation of excessive surplus stocks shall be avoided. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>5.</FONT></DT><DD><FONT SIZE=2><I>Transportation</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
costs of transportation of employees and Material necessary for the Joint Operations but subject to the following limitations: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>A.</FONT></DT><DD><FONT SIZE=2>If
Material is moved to the Joint Property from the Operator's warehouse or other properties, no charge shall be made to the Joint Account for a distance greater than the distance from
the nearest reliable supply store, recognized barge terminal, or railway receiving point where like material is normally available.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>B.</FONT></DT><DD><FONT SIZE=2>If
surplus Material is moved to Operator's warehouse or other storage point, no charge shall be made to the Joint Account for a distance greater than the distance to the nearest
reliable supply store, recognized barge terminal, or railway receiving point. No charge shall be made to the Joint Account for moving Material to other properties belonging to Operator.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>C.</FONT></DT><DD><FONT SIZE=2>In
the application of Subparagraphs A and B above, there shall be no equalization of actual gross trucking cost of $500 or less excluding accessorial charges. </FONT></DD></DL>
</UL>
<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=31,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=605294,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KX1194A.;9',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<UL>
<UL>
</UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>6.</FONT></DT><DD><FONT SIZE=2><I>Services</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
cost of contract services, equipment and utilities provided by outside sources, except services excluded by Paragraph&nbsp;9 of Section&nbsp;II and Paragraph&nbsp;1 of Section
ifi. The cost of professional consultants' services and contract services of technical personnel directly engaged on the Joint Property or in connection with matters directly relating to the Joint
Property shall be charged to the Joint Account (provided such consultants are not regularly retained by the Operator on a continuing basis, but instead are engaged by the Operator to specifically
handle a matter and for which the Operator receives a separate charge for the handling of such matter). All other professional consultants' services and contract services of technical personnel shall
be considered as being covered by the overhead provisions of Section&nbsp;III. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>7.</FONT></DT><DD><FONT SIZE=2><I>Equipment and Facilities Furnished by Operator</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operator
shall charge the Joint Account for the use of Operator owned equipment and facilities, including the cost of maintenance, repairs and other operating expense, insurance, taxes
and depreciation, either (a)&nbsp;on the same terms and conditions as the Operator charges unrelated parties, or (b)&nbsp;a Majority of the Members, knowing the material facts of the transaction
and the Operator's
interest, authorize, approve, or ratify the charge. Notwithstanding the forgoing, where equipment and facilities are being provided solely to the Company, Operator's charge for such equipment,
facilities, maintenance, repairs and similar expenses will match, and not exceed, commercial rates currently charged by the best service providers in the immediate area of the Joint Property. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>8.</FONT></DT><DD><FONT SIZE=2><I>Damages and Losses to Joint Property</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided in the Agreement, all costs or expenses necessary for the repair or replacement of Joint Property made necessary because of damages or losses incurred by
fire</FONT><FONT SIZE=2><I>,</I></FONT><FONT SIZE=2> flood, storm, theft, accident, or other cause, except those resulting from Operator's gross negligence, willful misconduct or breach of fiduciary
duty. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>9.</FONT></DT><DD><FONT SIZE=2><I>Legal. Accounting and Engineering Expense</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided in the Agreement, direct expense of Operator's staff for handling, investigating and settling litigation or claims, handling, filing and prosecuting matters
pertaining to governmental and regulatory applications and compliances and discharging of liens, payment of judgments and amounts paid for settlement of claims incurred in or resulting from operations
under the Agreement or necessary to protect or recover the Joint Property shall be chargeable to the Joint Account, except that no charge for services of Operator's legal staff shall be made. All
other of Operator's staff legal, accounting and engineering expenses are considered to be covered by the overhead provisions of Section&nbsp;III. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Services
which are covered by the overhead charges described in Section&nbsp;III and therefore not chargeable based on the provisions of this Section&nbsp;II.9, include, but are not
limited to: (i)&nbsp;services of Technical Employees related to the day-to-day operation of the Joint Property whether or not employed on the Joint Property;
(ii)&nbsp;services related to the recording and billing of costs chargeable to the Joint Account; (iii)&nbsp;services related to the collection and disbursement of Joint Property revenues; and
(iv)&nbsp;other services customarily provided by the operator under the A.A.P.L. Model Form Operating Agreement and customarily covered by similar charges as those described in Section&nbsp;III. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>10.</FONT></DT><DD><FONT SIZE=2><I>Taxes</I></FONT></DD></DL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
taxes of every kind and nature assessed or levied upon or in connection with the Joint Property, the operation thereof, or the production therefrom, and which taxes have been paid by
the Operator for the benefit of the Parties. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>11.</FONT></DT><DD><FONT SIZE=2><I>Insurance Program</I></FONT></DD></DL>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
premiums paid for insurance required to be carried for the Joint Operations for the protection of the Parties. In the event Joint Operations are conducted in a state in which
Operator may act as self-insurer for Workmen's Compensation and/or Employers Liability under the respective state's laws, Operator may, at its election, include the risk under its
self-insurance program and in that event, Operator shall include a charge at Operator's cost not to exceed manual rates. </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=32,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=191959,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KX1194A.;9',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>12.</FONT></DT><DD><FONT SIZE=2><I>Ecological and Environmental.</I></FONT></DD></DL>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costs
incurred for the benefit of the Joint Property as a result of governmental or regulatory requirements to satisfy environmental considerations applicable to Joint Operations. Such
costs may include surveys of an ecological or archaeological nature and pollution control procedures as required by applicable laws or regulations. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>13.</FONT></DT><DD><FONT SIZE=2><I>Abandonment and Reclamation.</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costs
incurred for abandonment of the Joint Property, including costs required by governmental or other regulatory authority. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>14.</FONT></DT><DD><FONT SIZE=2><I>Communications.</I></FONT></DD></DL>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost
of acquiring, leasing, installing, operating, repairing and maintaining communication systems, including radio and microwave facilities directly serving the Joint Property. In the
event communication facilities/systems serving the Joint Property are Operator owned, charges to the Joint Account shall be made as provided in Paragraph&nbsp;7 of this Section&nbsp;II. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>15.</FONT></DT><DD><FONT SIZE=2><I>Other Expenditures</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
other expenditure not covered or dealt with in the foregoing provisions of this Section&nbsp;II, or in Section ifi, and which is of direct benefit to the Joint Property and is
incurred by the Operator in the necessary and proper conduct of the Joint Operations. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kx1194_iii._overhead"> </A>
<A NAME="toc_kx1194_3"> </A>
<BR></FONT><FONT SIZE=2>III. OVERHEAD    <BR></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2><I>Overhead Charges</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Operator shall charge the amounts provided for below in this Section&nbsp;III as compensation for administrative, supervision, office services, overhead and warehousing costs,
including overhead costs incurred in the construction and installation of fixed assets, the expansion of fixed assets and other projects required for the development and operation of the Joint
Property. Such charges shall be in lieu of costs and expenses of all offices and salaries or wages plus applicable burdens and expenses of all personnel, except those directly chargeable under
Paragraph&nbsp;2A, Section&nbsp;II. The cost and expense of services from outside sources in connection with matters of taxation, traffic, accounting or matters before or involving governmental
agencies and the salaries, wages and Personal Expenses of Technical Employees and/or the cost of professional consultant services and contract services of technical personnel shall be considered as
included in such charges except those directly chargeable under Paragraphs 6 and 9, Section&nbsp;II. </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>A.</FONT></DT><DD><FONT SIZE=2>The
Operator shall charge the Joint Account for each drilling well which is operated by the Operator on behalf of Non-Operator a rate per month equal to $3,925 (pro rated
for less than a full month), and a proportionate amount of such rate for a drilling well which is owned less than 100% by Non-Operator, such proportionate amount to be based on the net
working interest of Non-Operator in such well. Drilling well charges shall be determined on the following basis:
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Charges
for drilling wells shall begin on the date the well is spudded and terminate on the date the drilling or completion rig is released, whichever is later, except that no charge
shall be made during suspension of drilling operations for 15 or more consecutive days.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Charge
for wells undergoing any type of workover or recompletion for a period of five consecutive days or more shall be made at the drilling well rate. Such charges shall be applied
for the period from date workover operations, with rig, commence through date of rig release, except that no charge shall be made during suspension of operations for 15 or more consecutive days. </FONT></DD></DL>
</DD></DL>
</UL>
<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=33,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=746930,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KX1194A.;9',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>B.</FONT></DT><DD><FONT SIZE=2>The
Operator shall charge the Joint Account for each producing well which is operated by the Operator on behalf of Non-Operator a rate per month equal to the Agreed
Overhead Charge and a proportionate amount of such rate for a producing well which is owned less than 100% by Non-Operator, such proportionate amount to be based on the net working
interest of Non-Operator in such well. Producing well charges shall be determined on the following basis:
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>An
active well either produced or injected into for any portion of the month shall be considered as a one-well charge for the entire month.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Each
active completion in a multi-completed well in which production is not commingled down hole shall be considered as a one-well charge providing each completion is
considered a separate well by the governing regulatory authority.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD><FONT SIZE=2>A
one-well charge may be made for the month in which plugging and abandonment operations are completed on any well.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD><FONT SIZE=2>All
inactive wells (including but not limited to inactive gas wells shut in because of overproduction or failure of purchaser to take the production and inactive wells covered by unit
allowable, lease allowable, transferred allowable, etc.) shall not qualify for an overhead charge.
<BR><BR></FONT></DD></DL>
</DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>C.</FONT></DT><DD><FONT SIZE=2>The
Operator shall charge the Joint Account a rate or rates (reduced proportionately for the interest of Non- Operator therein) in connection with the construction and
installation of fixed assets, the expansion of fixed assets, and any other project clearly discernible as a fixed asset required for the development and operation of the Joint Property either
(a)&nbsp;on the same terms and conditions as the Operator charges unrelated parties, or (b)&nbsp;a Majority of the Members, knowing the material facts of the transaction and the Operator's
interest, authorize, approve, or ratify the charge. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
well rates provided for in Section&nbsp;III. 1.A. and B. shall be adjusted as of the first day of April each year following the effective date of the Agreement. The adjustment
shall be computed by multiplying the rate currently in use by the Overhead Adjustment Index published by COPAS then in effect. The adjusted rates shall be the rates currently in use, plus or minus the
computed adjustment. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kx1194_iv._pricing_of_joint_account_m__iv.02983"> </A>
<A NAME="toc_kx1194_4"> </A>
<BR></FONT><FONT SIZE=2>IV. PRICING OF JOINT ACCOUNT MATERIAL<BR>  PURCHASES, TRANSFERS AND DISPOSITIONS    <BR></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operator
is responsible for Joint Account Material and shall make proper and timely charges and credits for all material movements affecting the Joint Property. Operator shall provide
all Material for use on the Joint Property. Operator shall make timely disposition of idle and/or surplus Material. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2><I>Purchases</I></FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Material
purchased shall be charged at the price paid by Operator after deduction of all discounts received. In case of Material found to be defective or returned to vendor for any other
reason, credit shall be passed to the Joint Account when adjustment has been received by the Operator. </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2><I>Transfers and Dispositions</I></FONT></DD></DL>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Material
furnished to the Joint Property and Material transferred from the Joint Property or disposed of by the Operator shall be priced on the following bases exclusive of cash
discounts: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>A.</FONT></DT><DD><FONT SIZE=2>New
Material (Condition A)
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Tubular
goods, except line pipe, shall be priced at the current new price in effect on date of movement on a maximum carload or barge load weight basis, regardless of quantity
transferred, equalized to the lowest published price f.o.b. railway receiving point or recognized barge terminal nearest the Joint Property where such Material is normally available. </FONT></DD></DL>
</DD></DL>
</UL>
<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=34,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=787556,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KX1194A.;9',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<UL>
<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Line
Pipe
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>(a)
Movement of less than 30,000 pounds shall be priced at the current new price, in effect at date of movement, as listed by a reliable supply store nearest the Joint
Property where such Material is normally available.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>(b)
Movement of 30,000 pounds or more shall be priced under provisions of tubular goods pricing in Paragraph&nbsp;2A(1) of this Section&nbsp;IV.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD><FONT SIZE=2>Other
Material shall be priced at the current new price, in effect at date of movement, as listed by a reliable supply store or f.o.b. railway receiving point nearest the Joint
Property where such Material is normally available.
<BR><BR></FONT></DD></DL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>B.</FONT></DT><DD><FONT SIZE=2>Good
Used Material (Condition B)
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>Material
in sound and serviceable condition and suitable for reuse without reconditioning:
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Material
moved to the Joint Property
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>(a)
At </FONT><FONT SIZE=2><I>75%</I></FONT><FONT SIZE=2> of current new price, as determined by Paragraph&nbsp;2A of this Section&nbsp;IV.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Material
moved from the Joint Property
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>(a)
At 75% of current new price, as determined by Paragraph&nbsp;2A of this Section&nbsp;IV, if Material was originally charged to the Joint Account as new Material,
or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>(b)
At 65% of current new price, as determined by Paragraph&nbsp;2A of this Section&nbsp;IV, if Material was originally charged to the Joint Account as good used
Material at </FONT><FONT SIZE=2><I>75%</I></FONT><FONT SIZE=2> of current new price.
<BR><BR></FONT></DD></DL>
</DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>The
cost of reconditioning, if any, shall be absorbed by the transferring property.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>C.</FONT></DT><DD><FONT SIZE=2>Other
Used Material (Condition C and D)
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Condition
C
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>Material
which is not in sound and serviceable condition and not suitable for its original function until after reconditioning shall be priced at </FONT> <FONT SIZE=2><I>50%</I></FONT><FONT SIZE=2> of current new price as determined by Paragraph&nbsp;2A of
this Section&nbsp;IV. The cost of reconditioning shall be charged to the receiving
property, provided Condition C value plus cost of reconditioning does not exceed Condition B value.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Condition
D
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>All
other Material, including junk, shall be priced at a value commensurate with its use or at prevailing prices. Material no longer suitable for its original purpose but
usable for some other purpose, shall be priced on a basis comparable with that of items normally used for such other purpose. Operator may dispose of Condition D Material under procedures normally
utilized by the Operator without prior approval of Non-Operator.
<BR><BR></FONT></DD></DL>
</DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>D.</FONT></DT><DD><FONT SIZE=2>Obsolete
Material
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>Material
which is serviceable and usable for its original function but condition and/or value of such Material is not equivalent to that which would justify a price as
provided above may be priced on a basis commensurate with its use or at prevailing prices. Such price should result in the Joint Account being charged with the value of the service rendered by such
Material.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>E.</FONT></DT><DD><FONT SIZE=2>Pricing
Conditions
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Loading
and unloading costs may be charged to the Joint Account at the rate of $. 58 per hundred weight on all tubular goods movements, in lieu of loading and unloading costs
sustained, when actual hauling cost of such tubular goods are equalized under provisions of Paragraph </FONT><FONT SIZE=2><I>5</I></FONT><FONT SIZE=2> of Section&nbsp;II. </FONT></DD></DL>
</DD></DL>
</UL>
<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=35,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=739534,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KX1194A.;9',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<UL>
<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Material
involving erection costs shall be charged at applicable percentage of the current knocked-down price of new Material.
<BR><BR></FONT></DD></DL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>F.</FONT></DT><DD><FONT SIZE=2>Modifications
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>Percentages
and prices in Sections B, C and E above will be modified annually per COPAS.
<BR><BR></FONT></DD></DL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD><FONT SIZE=2><I>Premium Prices</I></FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>Whenever
Material is not readily obtainable at published or listed prices because of national emergencies, strikes or other unusual causes over which the Operator has no
control, the Operator may charge the Joint Account for the required Material at the Operator's actual cost incurred in providing such Material, in making it suitable for use, and in moving it to the
Joint Property.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>4.</FONT></DT><DD><FONT SIZE=2><I>Warranty of Material Furnished by Operator</I></FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><BR></DT><DD><FONT SIZE=2>Operator
does not warrant the Material furnished. In case of defective Material, credit shall not be passed to the Joint Account until adjustment has been received by
Operator from the manufacturers or their agents. </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kx1194_v._inventories"> </A>
<A NAME="toc_kx1194_5"> </A>
<BR></FONT><FONT SIZE=2>V. INVENTORIES    <BR></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventory
adjustments shall be made by Operator with the Joint Account for overages and shortages, but Operator shall be held accountable only for shortages due to lack of reasonable
diligence. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kx1194_vi._miscellaneous"> </A>
<A NAME="toc_kx1194_6"> </A>
<BR></FONT><FONT SIZE=2>VI. MISCELLANEOUS    <BR></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any of the foregoing provisions of Paragraphs 2A, 2B and 2C of Section&nbsp;IV, material (including tubular goods, pumping units and other miscellaneous materials)
furnished to the Joint Property and material transferred from the Joint Property or disposed of by Operator shall be priced at the prevailing price for comparable material in the area on the date of
movement, plus reasonable trucking and handling. </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=36,EFW="2174313",CP="MV OIL TRUST",DN="2",CHK=137360,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KX1194A.;9',USER='KBLACKW',CD=';8-NOV-2006;13:03' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06HOU1190_2">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_km1194_1">FIRST AMENDED AND RESTATED OPERATING AGREEMENT MV PARTNERS, LLC</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_2">ARTICLE I FORMATION OF LIMITED LIABILITY COMPANY</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_3">ARTICLE II CERTAIN DEFINITIONS AND REFERENCES</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_4">ARTICLE III CAPITALIZATION</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_5">ARTICLE IV ALLOCATIONS AND DISTRIBUTIONS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_6">ARTICLE V COMPANY PROPERTY</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_7">ARTICLE VI MANAGEMENT</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_8">ARTICLE VII RIGHTS AND OBLIGATIONS OF THE MEMBERS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_9">ARTICLE VIII BOOKS, RECORDS, REPORTS AND BANK ACCOUNTS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_10">ARTICLE IX ASSIGNMENTS OF INTERESTS AND SUBSTITUTIONS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_11">ARTICLE X DISSOLUTION, LIQUIDATION AND TERMINATION</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_12">ARTICLE XI REPRESENTATIONS AND WARRANTIES</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_km1194_13">ARTICLE XII MISCELLANEOUS</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_kx1194_1">EXHIBIT 5.5</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kx1194_2">II. DIRECT CHARGES</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kx1194_3">III. OVERHEAD</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kx1194_4">IV. PRICING OF JOINT ACCOUNT MATERIAL PURCHASES, TRANSFERS AND DISPOSITIONS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kx1194_5">V. INVENTORIES</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kx1194_6">VI. MISCELLANEOUS</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=DHOLBRO,SEQ=,EFW="2174313",CP="MV OIL TRUST",DN="2" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>a2173315zex-5_1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06HOU1190_3">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 5.1  </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2><B>
<IMG SRC="g377287.jpg" ALT="GRAPHIC" WIDTH="307" HEIGHT="37">
  </B></FONT></P>

<P><FONT SIZE=2>November&nbsp;7,
2006 </FONT></P>

<P><FONT SIZE=2>TO
THE PARTIES LISTED ON<BR>
SCHEDULE A HERETO </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>Re:</FONT></DT><DD><FONT SIZE=2>MV
Oil Trust </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have acted as special Delaware counsel for MV Oil Trust, a Delaware statutory trust (the "</FONT><FONT SIZE=2><I>Trust</I></FONT><FONT SIZE=2>"), solely in connection with the
matters set forth herein. This opinion letter is being delivered to you at your request. Capitalized terms used herein but not defined herein shall have the meanings assigned to such terms in the
Trust Agreement (as hereinafter defined) except that reference herein to any document means such document as in effect on the date hereof. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
rendering the opinions set forth below, we have examined the originals, or copies certified to our satisfaction, of the following documents: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Trust Agreement of the Trust, dated as of August&nbsp;3, 2006 (the "</FONT><FONT SIZE=2><I>Original Trust Agreement</I></FONT><FONT SIZE=2>"), by and among MV
Partners, LLC ("</FONT><FONT SIZE=2><I>MV Partners</I></FONT><FONT SIZE=2>"), Wilmington Trust Company ("</FONT><FONT SIZE=2><I>WTC</I></FONT><FONT SIZE=2>"), and The Bank of New York Trust Company,
National Association ("</FONT><FONT SIZE=2><I>BNY</I></FONT><FONT SIZE=2>"); </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
form of the Amended and Restated Trust Agreement of the Trust (the "</FONT><FONT SIZE=2><I>Trust Agreement</I></FONT><FONT SIZE=2>"), attached as an exhibit to the
Registration Statement (as hereinafter defined), amending and restating in its entirety the Original Trust Agreement, among MV Partners, WTC and BNY; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registration Statement under the Securities Act of 1933 on Form&nbsp;S-1, as filed with the Securities and Exchange Commission on August&nbsp;14, 2006
and amended on October&nbsp;5, 2006 and November&nbsp;7, 2006 (including the exhibits attached thereto, the "</FONT><FONT SIZE=2><I>Registration Statement</I></FONT><FONT SIZE=2>"), relating to
the Trust and the sale by MV Partners of the Trust Units; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such
other agreements, documents, certificates and other statements of government officials and the Trustee and Delaware Trustee of the Trust and other papers as we
deemed relevant and necessary as a basis for such opinions and have relied as to factual matters on representations, warranties and other statements therein. </FONT></P>

<P><FONT SIZE=2>In
such examination, we have assumed the genuineness of all signatures and the authenticity of all documents submitted to us as originals and the conformity with the originals of all documents
submitted to us as copies. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
upon and subject to the foregoing, and subject to the assumptions, qualifications, limitations and exceptions set forth herein, we are of the opinion that as of this date: </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Trust has been duly created and is validly existing in good standing as a statutory trust under the Delaware Statutory Trust Act, 12 </FONT><FONT SIZE=2><I>Del.
C.</I></FONT><FONT SIZE=2> &sect; 3801 </FONT><FONT SIZE=2><I>et seq.</I></FONT><FONT SIZE=2> (the "</FONT><FONT SIZE=2><I>DST Act</I></FONT><FONT SIZE=2>"). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the execution and delivery of the Trust Agreement and the commencement of the transactions described therein and in the Registration Statement, all as described in
the Registration Statement, the Trust will have the statutory trust power and authority under the DST Act and the Trust Agreement to own property and conduct its business, all as described in the
Trust Agreement, and to perform its obligations thereunder. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the execution and delivery of the Trust Agreement and the commencement of the transactions described therein and in the Registration Statement, all as described in
the Registration Statement, the Trust Agreement will constitute a legal, valid and binding obligation of the parties thereto, enforceable against each of them in accordance with its terms. </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2><B>
<IMG SRC="g850123.jpg" ALT="GRAPHIC" WIDTH="535" HEIGHT="51">
  </B></FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2174313",CP="MV OIL TRUST",DN="3",CHK=460125,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KB1194A.;7',USER='JGRINER',CD=';8-NOV-2006;21:51' -->
<A NAME="page_kb1194_1_2"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the execution and delivery of the Trust Agreement and the commencement of the transactions described therein and in the Registration Statement, all as described in
the Registration Statement, the Trust Units will have been duly authorized for issuance by the Trust and, upon receipt of the consideration for the Trust Units by the Trust and the entry of a notation
in an ownership ledger maintained by the Trustee for the purpose of evidencing the ownership of the Trust Units pursuant to Section&nbsp;4.01 of the Trust Agreement, all as described in the
Registration Statement, the Trust Units issued to MV Partners will constitute valid, fully paid and non-assessable beneficial interests in the assets of the Trust, entitled to the benefits
of the Trust Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
to the extent otherwise provided in the Trust Agreement, upon the execution and delivery of the Trust Agreement and the commencement of the transactions described
therein and in the Registration Statement, all as described in the Registration Statement, pursuant to Section&nbsp;3803 of the DST Act, the Trust Unitholders will be entitled to the same limitation
of personal liability under Delaware Law as is extended to stockholders of private corporations for profit organized under the General Corporation law of the State of Delaware. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing opinions are subject to the following assumptions, exceptions, qualifications and limitations, in addition to those above: </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing opinions are limited to the laws of the State of Delaware as enacted and currently in effect, excluding the securities and anti-trust laws
thereof and laws, rules and regulations relating to the particular nature of the assets of the Trust. We have not considered and express no opinion on the laws of any other jurisdiction, including,
without limitation, federal laws and rules and regulations relating thereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing opinions relating to enforceability are subject to (i)&nbsp;bankruptcy, insolvency, moratorium, reorganization, receivership, fraudulent conveyance,
preferential transfer, liquidation and similar laws relating to or affecting rights and remedies of creditors generally, (ii)&nbsp;principles of equity, including, without limitation, applicable law
relating to fiduciary duties (regardless of whether considered and applied in a proceeding in equity or at law), (iii)&nbsp;standards of good faith, fair dealing, course of dealing, course of
performance, materiality and reasonableness that may be applied by a court, considerations of public policy and the exercise of judicial discretion, (iv)&nbsp;federal or state securities law and
public policy considerations relating to exculpation, indemnification or contribution, (v)&nbsp;the qualification that enforceability may be limited by a refusal to recognize a purported waiver of a
statutory right, and (vi)&nbsp;general rules of law that may render an entire agreement unenforceable if any unenforceable provision thereof is essential to the agreed upon exchange. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;&nbsp;We
have assumed that each of the parties (exclusive of the Trust) to each of the documents examined by us is an entity that has been duly formed, is validly existing,
and, if applicable, in good standing under the laws of its respective jurisdiction of organization. We have also assumed the due authorization, execution and delivery of each of the documents examined
by us by each of the parties (exclusive of the Trust) thereto, and the power and authority of such parties. We have also assumed that the documents examined by us do not result in the breach of the
terms of, and do not contravene, each party's (exclusive of the Trust to the extent set forth in paragraph&nbsp;4 above) constituent documents, any law, rule or regulation applicable to it or any
contractual restriction binding upon it. We have also assumed that each of the documents examined by us does not (exclusive of the Trust to the extent set forth in paragraph&nbsp;5 above) require
under any law, statute, rule or regulation any filing with, or any approval or consent of, any governmental authority. We have also assumed the legal capacity of any natural persons who are
signatories to the documents examined by us. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=2,EFW="2174313",CP="MV OIL TRUST",DN="3",CHK=639645,FOLIO='2',FILE='DISK126:[06HOU4.06HOU1194]KB1194A.;7',USER='JGRINER',CD=';8-NOV-2006;21:51' -->
<A NAME="page_kb1194_1_3"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;&nbsp;&nbsp;&nbsp;We
have assumed that each document examined by us constitutes the entire agreement among the parties thereto with respect to the subject matter thereof. We have also
assumed that, except as expressly stated in paragraph&nbsp;3 above, each document examined by us constitutes a legal, valid and binding obligation of each of the parties thereto, enforceable against
each of such parties in accordance with its terms. We have also assumed that all conditions precedent set forth in the documents examined by us have been satisfied. Without limiting the generality of
the foregoing, we have assumed that the Original Trust Agreement as amended and restated by the Trust Agreement constitutes the entire agreement among the parties thereto with respect to the subject
matter thereof, including, without limitation, with respect to the creation, operation and termination of the Trust and that the Trust Agreement and the Trust's certificate of trust are in full force
and effect and have not been amended or terminated. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.&nbsp;&nbsp;&nbsp;&nbsp;We
express no opinion on or under the Uniform Commercial Code (including as in effect in the State of Delaware) and the extent to which any filings thereunder may be
required in connection with the transactions contemplated by the Trust Agreement. We express no opinion as to the creation, attachment, perfection or priority of any security interest or other rights
in or title to any properties or other assets described in the Trust Agreement or the documents contemplated thereby. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
opinions rendered herein speak only as of the date of this letter and we undertake no duty to advise you as to any change in law or change in fact occurring after the
delivery of this letter that could affect any of the opinions rendered herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G.&nbsp;&nbsp;&nbsp;&nbsp;We
have not participated in the preparation of the Registration Statement and assume no responsibility for its contents. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
hereby consent to the use of this opinion in the Registration Statement. In giving such consent, we do not admit that we come within the category of persons whose consent is required
under Section&nbsp;7 of the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission promulgated thereunder. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Very truly yours,</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
/s/ Dorsey&nbsp;&amp; Whitney (Delaware) LLP</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>EJB/WWL </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=3,EFW="2174313",CP="MV OIL TRUST",DN="3",CHK=909437,FOLIO='3',FILE='DISK126:[06HOU4.06HOU1194]KB1194A.;7',USER='JGRINER',CD=';8-NOV-2006;21:51' -->
<A NAME="page_kb1194_1_4"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kb1194_schedule_a"> </A>
<A NAME="toc_kb1194_1"> </A>
<BR></FONT><FONT SIZE=2><B><U>Schedule&nbsp;A</U>  <BR>    </B></FONT></P>


<P><FONT SIZE=2>MV
Partners, LLC </FONT></P>

<P><FONT SIZE=2>Wilmington
Trust Company </FONT></P>

<P><FONT SIZE=2>The
Bank of New York Trust Company, National Association </FONT></P>

<P><FONT SIZE=2>MV
Oil Trust </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=4,EFW="2174313",CP="MV OIL TRUST",DN="3",CHK=872611,FOLIO='4',FILE='DISK126:[06HOU4.06HOU1194]KB1194A.;7',USER='JGRINER',CD=';8-NOV-2006;21:51' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06HOU1190_3">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_kb1194_1">Schedule A</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=DHOLBRO,SEQ=,EFW="2174313",CP="MV OIL TRUST",DN="3" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>a2174313zex-23_1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06HOU1190_4">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 23.1  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kc1194_consent_of_independent___kc102330"> </A>
<A NAME="toc_kc1194_1"> </A>
<BR></FONT><FONT SIZE=2><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have issued (i) our report dated August&nbsp;8, 2006, accompanying the financial statements of MV Partners,&nbsp;LLC as of December&nbsp;31, 2004 and
2005 and for each of the three years in the period ended December&nbsp;31, 2005; (ii) our report dated August&nbsp;8, 2006, accompanying the statements of historical revenues and direct operating
expenses of the underlying properties of MV&nbsp;Partners, LLC for each of the three years in the period ended December&nbsp;31, 2005; and (iii) our report dated August&nbsp;11, 2006,
accompanying the statement of assets and trust corpus of MV&nbsp;Oil Trust as of August&nbsp;11, 2006. These reports are contained in this Prospectus and Registration Statement on Amendment
No.&nbsp;2 to Form&nbsp;S-1 (File No.&nbsp;333-136609) of MV&nbsp;Oil Trust and MV&nbsp;Partners,&nbsp;LLC as co-registrants. We consent to the use of the aforementioned reports in the
Prospectus and Registration Statement, and to the use of our name as it appears under the caption "Experts." </FONT></P>

<P><FONT SIZE=2>/s/
Grant Thornton LLP<BR>
Grant Thornton LLP </FONT></P>

<P><FONT SIZE=2>Wichita,
Kansas<BR>
November&nbsp;7, 2006 </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2174313",CP="MV OIL TRUST",DN="4",CHK=602522,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KC1194A.;8',USER='KBLACKW',CD=';8-NOV-2006;16:14' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06HOU1190_4">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_kc1194_1">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=DHOLBRO,SEQ=,EFW="2174313",CP="MV OIL TRUST",DN="4" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.4
<SEQUENCE>5
<FILENAME>a2174313zex-23_4.htm
<DESCRIPTION>EXHIBIT 23.4
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06HOU1190_5">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 23.4  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ke1194_consent_of_independent___ke102405"> </A>
<A NAME="toc_ke1194_1"> </A>
<BR></FONT><FONT SIZE=2><B>CONSENT OF INDEPENDENT PETROLEUM ENGINEERS AND GEOLOGISTS    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the references to our firm in this Registration Statement on Form&nbsp;S-1 (including any amendments thereto and the related prospectus)
filed by MV Oil Trust and MV Partners, LLC, to our estimates of reserves and value of reserves and our report on reserves as of June&nbsp;30, 2006 and to the inclusion of our report dated September
11, 2006 as an appendix to the prospectus included in such registration statement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
also consent to the references to our firm in the prospectus included in such registration statement, including under the heading "Experts." </FONT></P>

<P><FONT SIZE=2>CAWLEY,
GILLESPIE &amp; ASSOCIATES, INC. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="35%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>W. TODD BROOKER, P.E.</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> W. Todd Brooker, P.E.<BR></FONT> <FONT SIZE=2><I>Vice-President</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="57%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>Austin,
Texas<BR>
November&nbsp;8, 2006 </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2174313",CP="MV OIL TRUST",DN="5",CHK=790763,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]KE1194A.;11',USER='KBLACKW',CD=';8-NOV-2006;16:14' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06HOU1190_5">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ke1194_1">CONSENT OF INDEPENDENT PETROLEUM ENGINEERS AND GEOLOGISTS</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=DHOLBRO,SEQ=,EFW="2174313",CP="MV OIL TRUST",DN="5" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g377287.jpg
<DESCRIPTION>G377287.JPG
<TEXT>
begin 644 g377287.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@`S35),3%]'4D%02$E#4SI;359?3TE,
M7U1255-4741/4E-%65]&4$]?2$5!1$52+D504__;`$,`!P4&!@8%!P8&!@@(
M!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@&1HE,B4H+"TO,"\=(S0X
M-"XW*BXO+O_;`$,!"`@("PH+%@P,%BX>&AXN+BXN+BXN+BXN+BXN+BXN+BXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+O_``!$(`"4!,P,!(@`"
M$0$#$0'_Q``<```!!0$!`0```````````````P0%!@<!`@C_Q`!#$``"`0,"
M`P0%"`@#"0`````!`@,`!!$%!A(A,0<305$4(F%Q@147,E*1E,'1%B,D,T)5
MH;$(5I(V0T1B<I/2X?'_Q``8`0$!`0$!`````````````````0(#!/_$`"41
M``("`@$$`@(#```````````!`A$#$B$$,4%1%($R<6&1L?_:``P#`0`"$0,1
M`#\`^A+_`%&VLBB2,6E?Z$:#+-\*]PO=3*'=%A4]`>;?^JJ.RY&U/5+[4KO!
MN!@*OU<^57BN<).:V\&I*N#RJ\/5B??7JBBNAD:W,BPX)*J/K-D`>\^%,+G4
MA:N@GD:`/]&1QQ1GXCI4PRA@58`@]0:JFC+WESK6CR?K+*,^H3SX,YY5RFVG
M2-(E)M:2S:,7\?!%)C@GC/%&?CX5+HRNH96#*1D$'(-4?:H%WI>JZ5<@26MN
MQ$;-SQU_MC-.^SRXEDTZYMW8M'!+A&)\#_\`/ZUF&1MJ_)7$MU5S<V\]O;9F
MA@UB][F692R*J%R1Y\NE6.L5[28(;GM?VA;W$22PR!5>.10RL./H0>M=9-I<
M'3I\<<DZEVIEK^=K8W\TD^[O^56/0MU;?UXE=+U2WGD'/N@X#X\^'K7?T5VS
MC_9[2_NB?E6.=L^UM(VREGN/0V^3[Y[D`0Q-PJ<#.44=,8YXK,G**L[8\>#+
M+2-IO[-^)`&3TJD7_:ALNQNY;2;5LR1L5;NXF=<CV@8J42^N+W8RW\X,=Q-8
M"1\#'K%,DCRK.>P?;^BW^T[J\O\`2[6[G:[*<=Q$LA`"+@#(Y=35<G:2,8\4
M-)3R7QQP6KYVMC?S23[N_P"56/;>Z=#W+#)+H]\D_=G#KCA9?:5//%=.U=L_
MY>TO[HGY5D&S[6WL.WC5;2RB6"W59@L48X5`PIP`/"C<DU9J./#DC)PM-*^3
M7-S;KT/;"0OK-X(.^)$:A2S-CKR'/%5[YVMC?S23[N_Y52/\1#QQZEMN26/O
M(U[PLGU@&3(KW'O_`+/Q&H.PGR`/^!AJ.;MHZX^EC+%&=-M^J-'T+M`VIKMV
MMGI^JHUPQPD<BF,N?(<76K4[I&C22,%11DLQP`/.OF?6[_2=[[DT.SV9MYM/
MNXY>*1PB194$')"^6#S-;]O/3;C6-JZKIMI($GN+=T0DX!)'0GRJQDVF<<^"
M..45VOWX(&Y[5-D6\S1/J_$5.,QQ,ZGW$#!KS#VK;(FE6-=6*ECC+PNH^TBL
MTVM'K&@Z4NFWO94^H31NQ-T]J)"^3YD>'08ISKNI!])NAJ79*]E:<![RYCM5
MC:(?6#8Y&L[NK/1\7%=*_P"T;Q:75O>6\=S:SQS02#*21L&5A["*K%]VA[1L
M;R:SN=8B6:%RC@`G!'7G2?97'I$>RK!=$N+B>S)8\5P`'#9Y@@<ACV5AFF:A
M\G[^U]AMB+7C)-(.Y>+O#'AL\0!'PJRG21RP]-&<IIWQ]&W_`#F[+_G4?^DU
M9=&UC3=;LEO=+NXKF!N7$C9P?(CP/LK'(-86]GBM).R-`DKA&86:@J"<$CER
MP.=:3LG9VF;2%^NFS3M'=RB0I*P/=\L`<O[U8R;9G/AQXX^4_I_X2:[BT4ZV
M^A_*$`U%%#&%F`)SX#S/LJ6)`!).`/$UF_:3V;P[D?Y7TJ7T36HAZK`\*RXZ
M9(Y@^VLTBU/M$W1)\WTLBPW%OE;F:1BKE5^NV?6']ZCFTZ:$.FADBI0E5=[\
M&^Z3N+1M8OKVQTV^CN)K,@3!.87.<<^AZ'[*EZI_9]L>PV;8R1P2O/=W&#/.
M^/6(Z`#P`R:N%;5UR>;(H*34.P44453`4444`4444`4444`4444!7[C29;/4
MSJ>EA07_`'T(Y!_;4Q;W22J`RM')XHXP13BN,JL,,`1[:RHUV+=G:*XJA1@#
M`KM:(-[IWX"D;A&(^D>>/A4#/:S16LEI8_LRS$F:ZEY,V>IQUJRE0?$_;7CN
M8N+BX`6\SS-8E&RIT506%R-.32-'1XXF/ZZ\8</'YU8-%TR'2;".TAYXYLV.
M;'SI_12.-)V&["LU[0MDZYKFY-*U_0M2M[2YL4PO>IQ$-Q9!'@?<:TJF-S=R
MI>):PPAW:,ODM@``XJRJN3>+)+'+:)FYT/M?(Q^F%C\+1/\`QIOIO95J5]J\
M.I[SW"VK"(AE@PW#UR0<GD/=6F+JJ/%%P1,;B21HNZ)&0R_2&?976U%HDN%G
M@*2PQ]X%#`AU\Q\:Q43M\G(OQ27Z2'4]K#-9O9E`L+1F/A48`&,<JQK3.S??
MFW&N+?;NZXH;*1^((4/P)!Y9QC)%:Y%?OZ1W,T0R4+AHV#=/#%>+35/2.%A#
MZCH6!5@>'`SAAX&J]68QYIXTTNS,U_1GM;_SE;_]H?E4EV>=GM]H.NWFXM>U
M-;_4[A2JLH/J\1'$23U/(#W5?+6ZGN!Q=U&%*D@!P3[*Y::B+N98HHFY+F4G
M_=GZI]O6HE&TS4NIR.+CPK](J':)LB[W5JN@W=O=PPQV$I:59%)++Q*>7^G'
MQJ^"-``.%<#V4VU&^CL8T>09XC@98#GC/6G#.QAXT0EN'(4\N?E6U5LY2R2E
M%1?9&;[N[-Y+[<EEN/;=[%I5ZD@:XX4.).?-N7CC(/G5ZW%I2:WH=]I+S/"M
MU"T1D3JN1UH35(WEM4$3<,\9DX_!?8??7J'44D:W]7"3\91B1C`Z'XU$X^"R
MRSE5^.QDVG;"[2=&@]"TK>$2VBGU%*D@>X-G%*7VR^U'4;26QO=WV[VTR\,B
M]WC(^'.M3&J*W"1&2#<B#.1X^-=2]N#>2P/`H6-.,MQ>'/\`*LU$[?+R7=*_
MTAELO;L.UMNVNCQ2F8Q`EY2,<;$Y)QX>7PK-'[.=Z:?N+4]5V_N"WM%O)68^
MH<E2<X(/*M9MM22>*%Q$RL\O=LC=5."?PKMM>33R\HXQ'Q$?3'%R]E5ZM(Q#
M/D@V_?<RZ3:O:Q(C(V\H0#]6,*?M`JV=G&S[G:EG>^GZFU_>WLHEEDY\((&/
M$Y/O-6./4>\N%M5A/?AF$BY^@H_B]QY8IU=7`@[M0O&\CA54''O/P'.B4>XG
MU$Y1UX2_A"]4/1MEW=AVBZKNE[R)[:[C*I$%/$"<9R?A5HEU*2,W,AM\P6[8
MD8,,X\3BE9+V0W+0PI&P4`\3.!G/E5;3.<)R@FEY']%(1W`>ZEM^$@QA3GSS
M2)OT^419!&QPDF3^$-]7WXYUK9'.A[14;/J@A@9VA9G6?N2BGH>N?=@TN+V/
M%TY'ZJW'-AXD#)_"ILBT.Z*CH]2#Z:;P1$,"%*$XP20/Q%"Z@P6Y$D0XX8C)
MZK`AAS^SI39"B1HJ/6]F6UDN)(5*HH;$;<1(IS-<I':-<KZZA>(8/6KLA0O1
M322\"06\W`3WS(N/+BKE[=20S0Q1HK-(&.6;`&,?G39"AY14;;ZK%+$':)P<
MD$#F.1QUHJ;Q]BF25%%%:(%%%%`%%%%`%%%%`%1]W;3->)=P3HC+&4P\?$#D
MYSU%%%22L(333%CBC=)OVE)&E[TKD%F^ER\C77L'G2X:XG#RRQ]V&5,!5\L9
M_&BBLZHMGI--BAO)9[<B)9DX715`YCH0?"D8].=KE)I9HBZ*R\20\+-D8]8Y
MYT44U0L5T^S:V<#-N0!C*0<+'WG-.+.U%O)=/Q\7?2F3IC'(#']***J20&VK
M:?Z:4(E"$*5!*<7#S!##F,$8IW80M!:1PO)WC(,<9!Y_:311115V+X&!TG$-
MVJW+*TLH>-N']UCH`/$4X;3;<O:*51HK=2JHR`@Y%%%35"V(II:1JJI(%5;H
M3@!,#EX4Z]%_:9YN\_>1A,8Z=>?]:**JBA8@=,7O[2=9F5H2.(`<I``0,_;7
MFULF@N.(&V(XB<]QA^?_`#9_"BBIJA8ZAM1'?W%UQY,JJO#CIC/C\:2U$!9[
M&;J4GX0/^H%?QHHJM4@-YM/ED:ZA])407+9=>[];'B`<_A7N:P_:C-&;?!"@
M"6'C*X\CD445-4+%6@N$OGGBGC`D"AE:,GIY'(IO\D1\1N.^?TGON^X\GASG
MZN<=.5%%-4Q8L^G*^HR732G@>(H8@.63U.?/%>$TP#3?0FF)XV!D<+@OS'MY
M<@!115U0LX-*CC6YBCD80S%&X&RV"#D\R>>:4&G1QK>QPE8X[E#E0GT6QC/N
M]E%%-4+&\JOI^EW<@%N>"(D".+N\D#QYFG@LP-*%DKD`1A`Q&:**B2N@-S:7
M3VT<+7468F1D80GP\QQ<Z5-H;B6&2\,,W=A@%[K`.<>9/E11110L>QQ1QH$C
- -C5%'15&`****T0__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g850123.jpg
<DESCRIPTION>G850123.JPG
<TEXT>
begin 644 g850123.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@`O35),3%]'4D%02$E#4SI;359?3TE,
M7U1255-4741/4E-%65]&3T]415(N15!3_]L`0P`'!08&!@4'!@8&"`@'"0L2
M#`L*"@L7$!$-$AL7'!P:%QH9'2$J)!T?*"`9&B4R)2@L+2\P+QTC-#@T+C<J
M+B\N_]L`0P$("`@+"@L6#`P6+AX:'BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN_\``$0@`,@(7`P$B``(1`0,1
M`?_$`!P``0`#``,!`0`````````````#!`4!`@<&"/_$`#P0``$#`P(%`P,"
M!`0%!0$```$"`P0`!1$2(083,4%1%")A,G&!(Y$'%4*"%B22H5)B<K'!,S1#
M4Z+1_\0`&`$!`0$!`0````````````````$"`P3_Q``M$0`"`0,#`0<#!0$`
M`````````1$"$B$#,?!!!!,B,E%QT2-"810S@<'AD?_:``P#`0`"$0,1`#\`
M_2-*4H!2E*`4I2@%*4H!2E*`4I2@%*4H!2E*`H7JX&V0%2DQU/KYC;:&TJ"=
M2EK"!N=ANJH(%W4])>A3H:X4IMOG:5K2M*V\X*@H>#L1L1D>:[\00Y$VW!F*
M&R\E]EX!Q12#H=2LC(!QD)\578M\R5<GY]R2RT#&,5IEEPKPE1RM140-SA(`
M`VQ\[3,G1*FW)#%XB6ZJ&^];'F+?-6$1Y"W$DDJ^C4@;I"NW7J,XS27Q!)8?
MN1;M#KT.WJTOOI>0#@(2M1"3UP%>:A9MMX=CVNW3!&$>$ZVMR0APE3P;W1A.
MGVDD))WVWQG-5KCPFF9(N4\I95,<EHD1PM2BVM*6T)Y;B>A22E78]0>U3)T2
MTYR:\V]+;E,1($,RWGF#(`+H:!1D#;/4[]/WQ76=>I#+UNC1K6\](FM+=#:W
M$MEL)"<A6<[^\#:NEZ@2)KB`Y;H,Z+R]FWE:%LN9^I*\'8C`VP1COFLV9PY+
M?38C+;C70P8[C3PD.*1K4H(PH'!SC21OO3)*51B3<=N;L9N`N="6P)+G*<(6
M%AA1^G41V)P,CN14ULN";CZAQEI88;=4TAU71W3LI2?C5D9[X/:JDNVJE\-2
M;6(K$=3D9;*&@LK0@D$)WP#L<'IM6C;XZ8D&-%2E*4LM)0`GH,`#:KDYNV/R
M9M\OS5IEP(JHRWERUZ4A*@#]24[`_4KW@X'8$]JVJ^1O]AN<VX29D-Q@2%-M
MB')<<*5P5C.HI2$D*"L[C;/0[8Q]/"2\F&PB0,/)0`O"RO<#?W$#/WQ126I4
MVJ#(;XEAJ5:4*;=0NXN.-)!_^)2,@A7]PT_<BK#-[9=,(H:642Y3L9M61_0%
MDJ^QY9_<5C2N&9I=OC\22RAY\ARW%8)##FH.**MNA<`.W:KDGAQA^%8[>XVT
M[%@.!3J',^\!I:<_)U*!_>IDVUI^O.8-)ZZMM/W%DM+)A1TOJ.1[@H+V'S[#
M^]4KK>Y<(PE,6I4EJ4I"$*#Z486K.`0?MUJ)GAUN&Y>1`9889FQ4-(0G(PL!
MP$G_`%I_:KD^VOR(]J;0I`,60TZO).X2"#C]Z9,JQ/GH<2+VW$GVV#+CN-N3
M6U*U`A26E`I`2H_)7@'IG[BNLN^AB'+?:B..N,3$0PWK"=:U*0D')V`]X_:N
MUQM";A<&W)"4+B>C>CN()(42M39!'C&@[]0<5CKX=N*[!,M\MR--?=N")&5D
MH2ZVE:#A6`<**4;X&,T<EI5#B39-RGLV^5,EVAQM3`"@TV\EQ2T_U$8[@9V[
MXJ6)=F)L_P!-#27FDL)>6^DC0G5NA/R2GW?`QGJ*ZV2'Z)EUE-MC0FRK4$L.
ME84>Y.4C'05UX<M:;1">C!#2=<IY[]/IA;A*?R$X'XQ5R9=N26YW`Q7X<1E`
M<E2W"E"2<`)2,K4?@#]R0.]4)%_D-/SRBTO.PX+FAY]#J,[(2M1"#N<!7WV-
M37B,^FZ6JZ,H4XF,IQIY"1D\MP`:AYPI*2?C-5'K?>$_SB/%;B<NX/%:7UO*
MRVE3:$'V!.Y&DD;^*CDU2J84\S\%J=>G6YT2';H!FKD1U20H/)0D(!2,Y/7.
ML59_F2FWK='DQ5-/S->4A84&RE.H@GO^*QKIPX'KA;74P8LZ)$A+C!J0Z4$$
ME&%9"3G9)_>KDJ#.+EGDQ8L9*H>L*CE\A(!1I`2K3OC;M3(:HA0:MRF-P(+\
MMQ)4&TY"$]5GH$C/<D@#Y-4DWR.J%;)H:<Y4UU#)SC+*E`@!7]PTGY-0W2WS
M[NW!9?4F&RV]SGPP\5*)3NV$DIQC5A1R/Z154\/RD6BZVUJ5K2ZX9$-UY>I2
M'20O*L#H'!G;L35R2E41EY+;7$45Y,DM,NJ4S.3""=LK45`:A_RC*M_^4U8=
MO,=J]L6A2%EQULJY@QI2K<I0?E02LC_I-9,+AMZ+=K5)#[?IHT;#Z,>YQ\!0
M2L?&''<_V^*C?X:F/>IN"IRTW)<H2FD)<_1!0<-I/MSC0`#]U5,FHTYW-.9>
M)B+G(@PK2N68[2''%A]"/JU8`!ZGVGQ75V_+=3;#;("YAGL*D(!<2WI0-'7/
M?WC:J-YX5;NTZY2GBE*WF&41E!:O8I!63J`P%).H`CN,BI+K979SMI>>MD%]
M,6.XVY&4Z4(0I7+QH.D[#01T&Q%,A+3QSI[_``:3]QD1FH+\R(&4/.AEY/,"
MBRI1TH.1L058!\:A\U;NDQ%NMLN>XA2T1F5NJ2GJ0D$X'[5CW*&[)M<&T(A!
MA*WFBL-**D,MMK2L^[`ZZ0!MU/P36G?8CMPLEP@LE*79$=QI!6=@5)(&?C>K
MDQ%,J2Q)D)CPW92DDI;;+A2.I`&<43)280EZ3I+?,QWQC-45(N4J#)B2(K#&
MMA2$J0^7/<1C<:1@5Q$1<S"]))BQV@&-`6B05Y5IQTTC:DDM17B7R2MR!ZRU
MKCLSCI9<#R5^XH*P"!N-DGS6TX\TT6PXXA!<5H0%*`U*P3@>3@']JR;-P];;
M8B,XW#9$MIH(+HR2#I`.,],UL+;0LH*T)44'4G(S@],C]S13U%=L^$J7.>BW
MIC+<;4IMZ0A@J'1!6<`GXS@?FLX<2Q%>O#;#JG(DU$()V'-6HI`*3XRHC^U5
M7[W!-QM,J&A00XXV>6L_T+&Z%?A0!_%8<+AR5'GV>0J2VIMA@^M20?UGQJ*5
MI_N==/\`IJ.9-4*BWQ;EV5Q+$B,ON26G$%F>F$I.Q.58(7_TZ5:OL#4KU]::
M>?3Z=Q3+$QJ&MT$8"EA._P!@5I!^3\53N'#GKKV])=6@0'HJD.-#.HO%)0%^
M-D*(KO%L;_\`A5VUS76W)SZ%K>>3G27E'5J&=]E8_:F2QIPB17$L,_S!+3;C
MCL.6W$*!@%Q:RD#3\9)']JO%7KU<56V(A]$94AQQYME#:5!.5+4$C<]!O6'#
MX:E,3;1)<?:6&FRJ<-_UG\J4E:?@+<<._D5HWB)<9T<(;;C:F)K+[(+I`6A"
MDJ.HZ?:=B.XZ4S`:HN4;$D*\<QV3'GQ5P9##0>4E:TK26SGW!0[`@@]Q^15:
M+Q$MQ<)R3;'HT*<L(C/K<2221E&M(W3J`VZ]@<$UV;MDN;+FRKF&FDOQ?2-L
ML+*]*"25**B!N<C;&V.^:JMVN[R&K3!G^F3'@.MNN/-+)+Y;'LPG'MWP3DGI
M@9SFF1%!8G7Z3%<GN"TNNP8)(>?2\@$`("E$).YP#Y[5//O+C,Y$&#!,N06/
M4%/-2WE&<#3JZG8[=MLD9K,NG"R)CTN>E#"IJI29#0=4HMN)2A*=#B>F#I/8
MX.#OC%7KY;Y$YT!=M@SH_+'+2\LH6RYDY4%`$X(QTP1COG9DL:>.?W\$LV[R
M6GX,>):W7WY3*WN6MQ+1;2G1D*SG?*QL/!J9RYKC)@&=$4QZISE*.L*#3A^A
M)(_XCL#Y('>L:9P_)?\`Y*9C$:Z*AQ%LO>H<*-:U<OW@X.?H/7S6E.MAG<,2
M;28K#!=C*90UK*D(.,)WP#ML>E,D:HQSG_"W:KBW<VGGV&U".EU3;3JNCP&Q
M4G_ESD`]\9Z8JC'ODB2XEYBTOKMRGBTF2E:2H^[3KY?71D=>N-\8K3;:<CIB
M1X[3*8Z$Z%C)&@!/M"1C??'C:LJW1KU`99M[:(BV&W3B2IPYY.HG&C'U8..N
M._Q5R95N229>I"9DF-;[6[-](!ZA2'$HTJ(U!"<_4K3@XV&XWWHOB."EZR)3
MK6U=]7(=`P!A(4-7<9SC[[5&Y%NT*9<G+:B,\W-4'4<YPHY+N@)).`=23I2>
MQSGS5.3PPX;?:X++Z<08JVDNJR%<W""A8`\*1FIDTE1B>8^38A7B/,O%RM;2
M%\R`EHN+/TDK!.!\@`9^]*I\/6>3;9#TB2XTXZ_';YRD9]SVMQ;BL>,N`#X%
M*J,5JE/PER_7%VV01*:BE\\UM"AJ"0@*6$E1^V>@KO?9SUMM$N<Q%,E;#:E\
ML+"=@,DDGMM]Z[7F";C`7$#@;*EH5J(S]*TJ_P#%=[K$,ZV3(07H,AE;07C.
MG4DC./S3(IMQ)6NT]^,W#:B-(<E3'0TT'"0A/M*BI6-\!*3L.IP-NM9LOB"3
M%LDV2\PPB9#E(BN!2SRM2E(`5G&<:7`<8SVWZUJ72WNRFHBXSZ6I41T.M*6G
M4DG24D*&>A2HCXV-5FK3,:@2-$UO^82)`E+<+66RL:<)TDYTZ4`=<]\YHY-4
MV0I)[!/=N$-;SSD93B7%(4(^O"<8V(6`0=^A'<56F7Y,/B-BU/,$1W6`OU.=
MD+4O2E*AV!.V?)`[U8L]N?B/39DMYMR7,<2MP-)*4)"4A*0,DD[#<GKFNDNR
M-3+J_+D*"V'H7I%,D=M95G/Y_P#-,P/!<YV*Z[Z\806Q$2N6[.<A,-E>$E25
M*&I1QD`)05'`/3%=H]UFLN3HEQ98]5'C^I0IA1T.HW'0[I(*<$;]0?BH(_#L
MABT,Q1<BN='EKELREMYRHJ5LM((SE*BDX(SDD8JQ'M,QQ4Z5<)+*I<F/Z=')
M00AI&^PR<DDJ))^`*F2ON\P4;1Q%,D/VQN6FW+%P3E`B/E:VCHU^Y)'T]L]B
M1YJS;[A?7KY(M\ABW)9CI;6XMMQ944KUXP",9]G^]26WA]%LE0I,)3+2D1DQ
MI02T`'TI3[5;=%`Y^X)'@B_&@%F[SK@701):9;",?3HU[Y^=?^U%(JJHS",=
M7%<)NV760\_$;E0G)*$QUR`%+Y94$['?W8'[U](TLK:0LC!4`<5@_P"&V3:;
MK"665NS5R5AXM#*.:5$??&?]JWFD:&D(SG2`,_:JIZF:[/M/D?\`&0_P>Y??
M1_YM*RUZ37U<SMOXT^_/BMCB*\*M$=EQJ,9+BUY4@'!2TD:G%_A(.!W.!WK'
M'!F(_*]</_8*C$<OVEW24!W&>H02G%;$RQM3[HJ;-=<6VA@,LM-.K;TY.5DE
M)&=6$C^WYJ9-ONIQL=+_`'9^";<W#])JF.J0')+A0VD!M2\Y'G3C\U#$O[CL
M&8\ZRP78DIN,M;+NII>HHRI*L#H%[CL017+/#H]/9XTIYN2S;5N82ZWJYC90
MI"`<]PE0W[X^:Y3PZD61ZQJ<:7`YJ2RVIOZ&@I*N6K_B&Q`/C&<XR62?3B.;
MD]OO"KBF5,BM(5;&TJ#+^O)D*23J*0/Z-L`]2<[8P31X:O<V[ICNN/V<H=8#
MI:C2%+=1D`@$8[9P:T6K3R)DYV,\&XTQO]1C3LEW&-:?&1U'<@'SFIP]:KG;
M&XL9]5L4PPREHK9CJ0XK"0`22HCMO3(\$.#BTW"^2+Q*A2V+>AF+HYBVG%E2
MM221@$8K0OT]=LMJY:&TJ(4E.5DA"`I0&M1&X2,Y/P*[PX!CW.X32Z%"5R\)
MQC3I3CKWJ2YL2WXV(,H1Y"5!:5*1J2K!W2H=<'IL0:O0RW2ZEZ8*$.7=9=O<
M<8_EKKP6`T\V\5,NI[G;)!&XQOTZUF,\071'",GB&7%A@A@.LM-N*QXPHD;?
MBM6R6MZ$],ER%L\^6I*E-QT%#:=(P,`[DGN>^WBJSG#ZE\('AXR4Y+')YVC;
MKG.,U,FTZ)A^J_TYM=XE.W(VZ7Z%UQ3"GTN0GBX$@*`PH$;9SL>^#XJOPS?)
MMX],\X]:.6\SS2S'D*6\C(V!&.V<&M*'9VX%SE287*9C2T`O,(;`RZ,`+!'3
M*=B/@'SFEP[:;G:FXD5U=L7'8:#16U'4AU8`P#G41V&:9#=$."&U7V;/N"F@
M]:$-IDNL\GU"C(TH6I.=..ITY^U3KGWT<0)MJ6+=R%-E\++B]7+"PG&,8U;_
M`&KBVVBYP)2M"[8N.J2Z\5F.KG:5N*41JU8R-6,XK45`)O2+ES1A,93&C'E8
M5G/XHI)4Z$\;%F5(9BL%]]12V"`2`3U(`V'R126ZIB*\^EI3JFT*6&T=5$#.
M!\FIJCD-K=8<;;=4TM22$N)&2@D;$9\5HY8,.P7:7<DEY9M[S"FM>J*\5%E?
M_P!:TG?/SMT.0*[1KXM^RV:XF.D*N"V4J1JV1K\'OBD&TSC=4W*Y/1%.MLJ9
M'I62WS0H@E2R2<_2,#MD[FJ\&PSXZ+?`=FL*MMO<2MD):(=6$@A"5'.-L[D#
M?':LY.SLDO"=/E+N;$%J.'XDA+*2\I02H%M"R3@9'U8_%9D>_P!T'"3U_EQH
M226`\RVAQ6`#_P`9(V_%;D""8LNY2"X%"6^ET#&-.&T(Q\_3G\UG+L+G^$18
M$R4<Q,<-!U2,I)'<ISTVZ9IDB=&S_'^EBQSI<U3Y?D6MY",`&"\7,'?ZL]*E
MXBN+MIM+TYF*9"F\91K"0`2`22>P^-Z6F/<(ZW?6"WA"@"!%94V<_.2<U)>X
M!N=JDP0Z&R\G3K(SC<'I^*O0SX;U.Q5XCO`M345*>4'I3O*;+N=*<)*B2$C)
MV&P&Y)[=:KB]2%VJ"ZPW'>F37S':T.'E$C42HG&0`E"B4]<C'S5Z[P'I2XDF
M(ZVW*B.%;9<25(5E)2H$`@]#U'0U2%B?3#0I,M`N*)BIH=Y9Y?,((*=.<Z=)
M*>N>_6F2TV6J=S@WN4U`D\Z*V;@Q*1##:5D-N+7HT*R=PG"P3U(P1OWN6B?)
M?DS($YMI,N+H45,DZ'$+!*5#.X/M4"#XZ[U6-C><@24O2T^O?DHE\Y+?L0XC
M3H`23ND!"0=\G?IFK5IM[\>1+G37FW9<K0%<I)2A"4`A*0"23U4<GS3(=D..
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MB>JRH92!\`I.?FN)=HD7-F&BZ/,DM*=YH80I*5I6VM&!DDC96<_%0V/A]VVR
M&9+\XRGQ'6V\XI&DNN*6%%?7;H!CXJYD*RW.Y7=XH4Q$L,QZ(.1<&B[(4E6?
M3H"`2KIN`2,^!D]JOOWH,,W=Y3.L0G$-MI0K=U2D(4D9.PRI8%1Q+"6$6-"W
MTN)ML=;*@4;.ZD!/XZ5%%X90Q;KI;_5K+,IT+8.GW1PE*`A(S]6DH&,]@!4R
M'W?/?X+$&;=%R78TD6Y;@:4H>G?)Y2QCV+2=R-_J'@[#:JUNNMV*[@]<VH#4
M2`I:'E,+6I1*4)7D`CIA7^U36^TSD75-RFO0M:6UME,:/HYFHI.M1))S[>G3
M?O5QFUH"+HT^H.-3W5+4G&,)4VE!'_Y._P`U<ANE&:Q>+HTN!(N,..W#G.);
M0&G%*<84L91KR,'.P..A(ZC>NC?$^7KXP[%#;D`NE@E?MD!M"5*^Q!4,CP0?
M-2,6:Y..06;C/8>AP5I<;#;10MY21A!6<D;==NI`.W2NDWA=,JWW:.96A^7)
M<DL/I3NPI2`CSN,`@CN"14R:7=SD^@AO&1$8?*=)<;2O'C(S65>[C<(]QMUO
MMS,9;LM+JBJ0M0"0@)/](/755J(U-CR6(^6U06XJ49TX5S`0//3%5KS;9TFX
MV^X6^1';=B)=24OMJ4E06$CL1C&FJ<Z;;L[%=V^OMV>?(6PPS.A/ICNH<=_2
M2HE&%:L9TZ5A70'MVKEF[RDVBYW!YVV23%:4X@0GRL$A).%$].U<KL;YM,Q@
MRFG)TM],AUUQK]-2P4D#3G.G"`G&<_-=OY9<7[7<8$I=O:$EE3:%16%(TE22
M,J!4<]14R;\$?R;B%:D)5CJ`:Q+3>U7-ZX--,H06LJBJ*\A]O)2%G;8:T*'V
MP>]=T1[^N))8?F0$+6R4,N,,K!0LC&HY4<X\5'#X:B6Z9`DVYQUD1FU,*0MU
M;@6T1]("B0G"@D[>#YJY,)4I.2")Q.V_*M#"V.7ZV*I]U15LPH#(0?OH=_T5
MR_Q!);X>AW)$`.3)F"S%"\9205[G&V&P3]]N]5Y/!Z'H=V83.<0N;)#S3@3N
MPD'.@?&5.?ZZTY=B9EW".^\M0C16"VPRTM392HG=6I)!^D`8^]3)M]UTYS^C
MI>KRJ-`@RH!C+$QYMMMR0LI;"5)*@HD?`_WJBKB20U:+O)<;A.2;<$Y4R^5,
MJ*@",JQD8SN/L>]6&N'$HM\"WJ>2Y&A3.<TEQ&K](:M+9R=\:L9^!75SAPHL
MMSLT1]IN)()5&06MF,G*DG!]R=62.X!QV%,A=WL7+'.E35/\^3:GDHQCT+Y<
M(._U9Z5+Q#<7;5:9$]F*9*FADHUA(`[DD]A\;TM,:X1W'3+%N"%`8]*RILY^
M<DYJ6]03<K5+@!P-E]LHUD9QGOBKT,.V_P#!!=Y\B._"A0T-&3+6H)4]G0@)
M3J).-R?`_P#Y5!WB!Q%E<EJ:81(9E&(\I3GZ+2PO25E771T/YP<=:OW^VN7*
M*VTWZ<E#FLHD-ZT*V([$%)&<@@_]ZH)X;+5H8B1WVDOLRO69+7Z2W"22DH!^
MG?89R,`[FF35-D*3AGB!U5G?EAIB0^F4(C*F'/TI"U*2E*DJ/1.58/7&E76K
M]JN$IZ1-@S6FQ+BZ%%3).AQ"P2DC.X.4J!!\==ZIHX?>5!EH=E(1+D242TJ9
M;PVRXC3ITI)Z>P9\Y/2KUJM[\>1+G37FW)<K0%<I)2A"4`A*0"2>ZCD^:*25
M60XYS)VL5P=N45UYZ-Z=Q$AUDME041H64[D;9V[4J2U03`;D(+@7S9+K^0,8
MUJ*L?C-*J,51."]2E*&12E*`4I2@%*4H!2E*`4I2@%*4H!2E*`4I2@%*4H!2
ME*`4I2@%*4H!2E*`4I2@%*4H!2E*`4I2@%*4H!2OF^-[@];+?`E-RO3-_P`R
MBH><R``TIP!6HGH,'>JC=\3-XR5&MMU9D0V[2XZL,N!Q"'>:D)4=/?&=O&:C
MJZ'1:3=-Q]?D4KQVP7B8)MD,B]SGW7I#3;BVKM'DM/%6Q_1`"@D_NGKV-:W&
M?%UQCW]$:RIF.M6O#LM,>&MY,IPX_P`OJ2"$$()5D]RGYK-ZB3J^S576H],I
M56V3HMSM\:X0G0[&D-AQM8[@BK1K9YFHPQD4KRNQ38TNT1;G.X^E1KHM_*V#
M);4D*YQ'+Y.,X(PG'7?-7_X@<3W*+<F+58C),B*D2I*F(BWPHC=N.K0#IYF^
M2>@`\UB]1)Z/T]5]J/1:5Y_Q#?+E=[9PM*X8GB$_<)FG#Z,IREIQ2FG$]=E(
MP<;@BN;#Q1,N7&'H)[+UM=B6QQ<V$Z1H2X'$8<2KHI)3G"O&<U;D3N*HD^_I
MFO*[1QU->XJ3+E(F(L$YSTS"7(:T(8`QRGRZ1I(<)(QG;V?-7Y4F/)XFXD8N
M?%DJUHBK93'0B:AD(264J*M*NNY)WS4O3V*^S5)P_23T6E>=IXNN,/\`AY$N
M3[;DJ\2RN/#"&#JD'4H)>Y8&<:$\P@#_`+UI?P\OS]QAR+9<7)#EP@*T\Z1'
M4PN4R?H>T*`(S@@_(/FJJDW!FK0KII=7HS[*E*\UX\N<R/Q5&B(FRVHY@%WE
ML7%J'E?,QDESZMML"K4X4F=/3>I5"/2J5\(F["%9N&Y`XA,J&NY%E^:\M&%(
MTN^Q2Q[3A0"=0ZE(/>I)M],F5Q,NUW1#T>)94NMJ8<2M+3WZQSD9PK"4_L*E
MR-=S5SW@^WS3(KR>Q3;TQ>N&6I#E^C&:275726TXP^D-$E*0G)"R<$#;8&K[
M4B+.G7Q=VXREVU]B>ZRW&1.0P&VT@:2$D9W&^>^:BK-/L[3W/2:5Y2_=+Y/M
M/!&'KH\_.ANNR$V]U#+KQ2A&%$JP,;Y_-6YKO$-KX'OTJ4_<8RN>UZ3U<IM4
MAMLJ;2K+B?:,DJP3G`.]+P^SM1E9^8/2Z5\'P++Y]RD)5>I3J^4?\D_/:F;!
M0_5"F_IZE.#U_%?>5I.4<M2BRJ!2OC_XA7YZV06+=`<?1<;@K0AR.PI]<=H8
MYCVA().D$`?)%9K'$LJZ?P^N3PEFWWB"WR9"Y"2P4*VPYA0R@+3N"1MGXJ.I
M3!NG1J=*JZ,]"I7F?"%T=7Q1&B*N5P<2\PZ>4Y<F)K:M.G<Z-T$9V/0]*E_Q
M5-@_P^CS-;TR\3'WX\8)07%E0><&K2D9(0D9.!V`[U+T5]GJ3A<W^#T>E?'_
M`,/;\]<X#UNN+CZ[E`5H6Y(84PN2T<Z'M"@"-0!!^0:5I.5)RKH=%3I9]A2E
M*ID4I2@%*4H!2E*`4I2@%*4H!2E*`4I2@%*4H!2E*`4I2@%*4H!2E*`4I2@%
M*4H!2E*`4I2@%*4H!2E*`CD,,R65L2&6WF5C"FW$A25#P0>M00K=;[?K$"!&
MBZ\:N0TE&K'3.!O2E9>YVI_;9&Q9[1'D^KCVJ$U)!)YK;"4KR>NX&=ZMH0A&
MK0A*=1U*P,9/D_-*41=;<Y:;;:0&VD)0@=$I&`/Q7>E*TCB]R@FSVA,OUJ;7
M"$K5KYX83KU>=6,Y^:MAM"%*6E"4J7NH@8*L;;^=J4K-)VU>GL<!A@:"&6\I
M45I]HV4>I'R<G?Y-%L,J<+JF6RX4\LJ*1G2>J<^/BE*ISZG)::4CE*;06Q@:
M"D8VZ;54D6>TRW_52K7"?D;?JNL)4K;IN1FE*E1TT?,6U-MDH66TE2#[21NG
MMMXHEMOFEW0GF8TZ\;XZXSXI2M'(DJG-M=MGJ2N?;HDI2!A)?92LI'QD4I4J
MV-Z/G1V<@07(@@N0HZX@``84TDH`'0:<8KB-;K?#9<8B0(S#+GUMM-)2E?;<
M`;[4I6>IO['[DZF6E<L*:00V<HRD>TXQD>-C5.39;/,>5(EVF#(>5L7'8Z%J
M..FY%*5:MAH^8N<ED%M0:1EL80=(]H\#QTKB0PQ)84Q)9;>96,*;<2%)4/D'
MK2E7H<EYD0PK;;K>5^@@18NO&OD,I1JQTS@;U;I2E.QK6\[.A0CF!W0GF`:0
MK&X'C/C:NA887S=;+:N:-+F4@ZQTP?-*4,H@A6JV0%J7!ML2*M0TJ4PRE!(\
M'`J=+#"-&AEM.@G3A(&G/7'C-*5%L=-7S,[I;;YA=T)YA`25XW(\9\;FE*5H
$XL__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g868733.jpg
<DESCRIPTION>G868733.JPG
<TEXT>
begin 644 g868733.jpg
M_]C_X``02D9)1@`!`0$!L`&P``#__@`W1$E32S$S,3I;,#9(3U4P+C`V2$]5
M,3$Y,"Y/5510551=,3$Y,%]'05-?3TE,7TU!4"Y%4%/_VP!#``<%!@8&!0<&
M!@8("`<)"Q(,"PH*"Q<0$0T2&Q<<'!H7&AD=(2HD'1\H(!D:)3(E*"PM+S`O
M'2,T.#0N-RHN+R[_VP!#`0@("`L*"Q8,#!8N'AH>+BXN+BXN+BXN+BXN+BXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+B[_P``1"`*M!$<#
M`2(``A$!`Q$!_\0`'0`!``("`P$!``````````````8'!`4!`P@""?_$`&@0
M``$#`P,"`@0'"@<)#00&"P$"`P0`!1$&$B$',1-!%")18146,G&!D=(7(T)5
M5I25H='3"#,W4G6QLR0U-E1B99.TP25#5W)S=':"@Y*BI+(F-%/")T1'8X6&
MH\3A&*7P\61FPX3_Q``4`0$`````````````````````_\0`%!$!````````
M`````````````/_:``P#`0`"$0,1`#\`](TI2@4I2@4I2@4I2@4I2@4I2@4I
M2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I
M2@AG4LO*MUFBM2I,=$J\PX[JHSRFEEM2\*`4D@C(]E?8T%:\?WUU%^FI/VZ^
M>H_\3IO^GX/]I4R'84$/^(5K_&NHOTU)^W3XA6O\:ZB_34G[=;?5SLR/IBZR
MK?,5$EQXKCS3H0E>%)25#(4""..:KKICKZ\7&Z7#1&M5B%JA@J++J$)0'T8S
MZHQM)`Y'&"GGR-!+OB%:_P`:ZB_34G[=/B%:_P`:ZB_34G[=?5HU$Q;M(V2X
M:BNA=EST-)2?"&]]U8R$(;;&2?<!\]9WQOT]\!2;\;B!;XKBFI+GAKW,+!PI
M*T8W)(.,@CC-!K_B%:_QKJ+]-2?MT^(5K_&NHOTU)^W7W'ZAZ0E&4F'>$25Q
MH/P@ZEEI:BECCUN$]^1ZO<9Y%0F]]2)]PZ/W#65C4Y;YK#P+:5Q]R?#,CPT@
ME:=JB4\G:>#03/XA6O\`&NHOTU)^W3XA6O\`&NHOTU)^W77H_7=CO3<&V?":
M7KV;>U*?:2TI._*`5%!QM5R3PDG]5=HZC:--F=OGPRGX-:D>C.2/`=VH=QG:
M?5R#B@X^(5K_`!KJ+]-2?MT^(5K_`!KJ+]-2?MUN)>I+-"9??F34QV6(R9;K
MKJ%)0AI1(22HC&200!W]U8[6K]/.6^Y3UW`1V;9CTT26ULK8R`4[D*`4,@C'
M'/EF@U_Q"M?XUU%^FI/VZ?$*U_C747Z:D_;KF[:_L%MLEVNJURE"V-H7(CF*
MXAU)6#X8*5)&-V.YX&>:V6C+Y\8]-6Z[%M3;LAAMQU!:6@)6I(40G<!N'/RA
MD'VT&L^(5K_&NHOTU)^W3XA6O\:ZB_34G[=1.7J^\0NM#VG9EZ2SIYFWF<[X
MK;:=F$9.7-N0GS[_`$U,;2[>KU>$WEF>]$TYX0#$1;"/$E*_^*21N0@C&$_*
M/?U1P0ZOB%:_QKJ+]-2?MT^(5K_&NHOTU)^W64O7&ET3V(*KHD+?DF(T[X:_
M!6^.[8=QLW>[/?BN+OKK2UGNCUIN-T#%P:9+YCEEQ2B@#.4X2=W`/;/8^PT&
M-\0K7^-=1?IJ3]NGQ"M?XUU%^FI/VZS6M9Z;>L,._L7)+MOFNAF,MMM:EO.$
MD!"4`;BK(/&,\&NP:NT^8`G?"`\(RC"2DM+#BY`."TE!&XKSY`>1]E!KOB%:
M_P`:ZB_34G[=/B%:_P`:ZB_34G[=9\366FI5GN%Y;NC:(5N6IN8IU*FU1UIX
M*5H4`H'/ECGRK,L]^MMX>DL0G7?'BA!?:>86TMO>"4Y2L`\@$T&D^(5K_&NH
MOTU)^W3XA6O\:ZB_34G[=2*]W%JT6F7<74+<2PV5!M`RIQ7X*$CS))`'O-1'
MH_K%W6>D$3YI2+G'>6Q,0D;=JP<@X\@4D?KH,SXA6O\`&NHOTU)^W3XA6O\`
M&NHOTU)^W7$_J3HFWN3FIE]:9=@NI9D-K:<"T+42`,;<GL>V<#FMC+U?IZ)=
M/@M^XI3)#K;"R&U%MMU8RA"U@;4J5Y`D'M[10:_XA6O\:ZB_34G[=/B%:_QK
MJ+]-2?MUF7G6VFK*](:N%R#9BJ;3)6AI;B(Q7\@.*2"$9\MQ%2)M:'$)<;4%
M(4`4J2<@@^8H(C\0K7^-=1?IJ3]NGQ"M?XUU%^FI/VZF%*"'_$*U_C747Z:D
M_;I\0K7^-=1?IJ3]NIA2@A_Q"M?XUU%^FI/VZ?$*U_C747Z:D_;J84H(?\0K
M7^-=1?IJ3]NGQ"M?XUU%^FI/VZF%*"'_`!"M?XUU%^FI/VZ?$*U_C747Z:D_
M;J84H(?\0K7^-=1?IJ3]NGQ"M?XUU%^FI/VZF%*"'_$*U_C747Z:D_;I\0K7
M^-=1?IJ3]NIA2@A_Q"M?XUU%^FI/VZ?$*U_C747Z:D_;J84H(?\`$*U_C747
MZ:D_;I\0K7^-=1?IJ3]NIA2@A_Q"M?XUU%^FI/VZU]EM_P`"=24VR-<+D]$=
MLRWU-S)KD@;P^A(4-Y.."1Q5@5#'/Y6X_P#0#O\`K**"9TI2@4I2@4I2@4I2
M@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2
M@4I2@4I2@4I2@4I2@XI2E!S2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2
ME*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*"&=1_XG3?]/P?[
M2IF.PJ&]1_XG3?\`3\'^TJ9#L*#1ZU<2WI&]9"U%<)Y"4H05J4HH(```)))/
ME4&ZI:&5JJT0=2:<4IC4]M0EZ&\CU%.A//AG/8YY&>QX/!-6->+?&N,4-2WI
M3+:%>)OC2W(ZA@'NIM23CGMG%1R!8-+W/Q#;[W<IFPX66-027-I]APZ<4%?W
MBVW9#?2/4,AF1Z!;$-BX)#1)CJ6VCUU)'(`(()QQ6L5:;JYI3JU=4Q91AWN6
MKX-9\%6^1A9]=*,9PK(P<<XJX!HVU`Y$R^`^WX;E_O*?$VU9SZ9?<^WX;EY_
MM*".Z3M"QT9BP6+>6[@NQKC^$6]CGB*0K*#GD$K)X/F:KH1;@?X,[U@-IN2;
MHTL-F,J&X%E1E%>`"G)PD9)'`]M7.=&6D]Y=\/SWJ7^\H='6E.5&;?!@=_AN
M7^\H*LLT*:.K>@Y0@RDQH^F6H[SQ84$-N>$YZBE8P%<CBN7>G5PF:FU]IT)+
M>GKBRFXQLI(3Z6L*"`#VPE6XD>Y%6%:[1I*\![X*U%<)X95M=]&U%)=V'V':
MZ<5]&Q:5%Q%J-\N0GD9$8Z@D^)C&?D^+GMS\U!5MXL&J[AT(BONQ)#U[2Y'=
M>C(00ZJ.SE"$8[D@`+/O)K>.6[2VH--:BNRXNJ)"+I&C,SW'F5AU*DN)VA""
M@;U-]R4@C`QSFK#^)EI[^EWS]-2_WE8EUL6F+3&],NU]N<*/D)\:5J"2VG)[
M#<IT<T%2,6O5DCIYKW3N]V_Q8[,=NV7!+"@[)0E6XM#/*]@\N<$D`GL+DZ;.
M*5H6PM+CR&'(\%AE:7V5-*W);2%<*`.,Y&?=Q76UIG3\F*F<U=;N]&4C>E]-
M^E*04^T*\7&/?73;K!IBZM*?MMZN<QM*MJEL7^4X`?82':"K]4::C:GZYRH]
MUM\IRS2+7Z,9096$(>V<87C;N![>6>*VO26ZW[2MWE]/=1Q9LB#$=+=NNJ8[
MA9*<\-E6,`<\<X!RG/:IW'LFEY,UZWQK]<W9;.?%CHU#*4M&.^4AW(KMFZ;T
M_`8\:;=[O&9SMW.WZ4A.?9R[W]U!Y]O[<J9;8Y@Z<N-LBQ-4>(JW,P72VTGS
M=4L@E:U$8PDX2!@)&038E\CR5]>#<Q#E&"BP.-&1Z.O8%[5G;NQC=@CCOSCO
M5AITG9BT'Q<+YX>W<%_#DO&WO_\`$[5K8]OT7(?3%CZIENOJ5M2TWJ60I15[
M`D/9S05'I?33,WHW:K3?F[I:92+NZMB4B,YOAN;2I+BTXSL\B>,9!R*S7IE^
M&A[&[J"P_"-Q;U"4,79,-QPH;3@"9X:0"XHX.W<,*VI)!\[D^)UKSGTV^Y]O
MPW+_`'E/B=:LD^FWW)[GX;E_O*"EM+VAIZ!U3MVH8%[5$FW!I>_T1?I"T%U6
M'0`G!4-R5E('//%3CHLU?X;]]M=QF_"UKAEEJWW9;2D*?1A1\/*N5!&??M)(
MS[)C\3;5Q_=E]X[?[MR^/_TE#HVU$Y5,OI/M-[EG_P#V4&%J-]ZZZEM^GX;S
MD4QDF>Y(7$4XT5I(#;>3A)5E17C.1L35<:5B7'0?66Z0?"D2;'?&PZ[)8B+#
M+#Y)(SC(3SN'?LL5:GQ-M6,>F7W'L^&Y?[RL.#8M,SW9+$"]W60Y%6&WT,W^
M4KPE$9VJP[P?=00KIW;%+ZL]0YLVVN>CR5MB.Z^P0AU(5ZVTJ&%#(3V]@J.6
MRSH1J'6&EM71M0K%PNQGPA":66IF592=X20DC"3DJ`'GC%6G/M&D8#R8]PU'
M/BND9#<C4<E!/S!3M94+3&GYT9,B%=;O(C+^2XS?I2T*^8AW!H*6ZG-2ILKJ
M)`MVGYT-91%6HQH;CGPD4K25...$%*4I'(2G&3R2<8J^=$DG1UARAQ"A`824
MN(*%`AM(.00".16-\3;5Q_=E]X[?[MR^/_TE;RW0FK?$;B,+?6VC.%/OK>6<
MG/*UDJ/?S-!DTI2@4I2@4I2@4K%N%P@VV/Z1<)C$5G<$[WG`@$GL,GS]U=L6
M3'F1VY,1]M]AP;D.-J"DJ'M!'!H.VE:VXWRRVN0Q%N5W@PY$C^):D2$-J<_X
MH)!/T5LO?0*5B0[C;YSC[4*=&D.,$)=0RZE9;/L4`>#P>]<SKA!M[:')\V/%
M0M80A3[J4!2CV`)/)]U!E4K#:N=N=FJ@-3XJYB4[S'2ZDN!/MVYSCGO7=,E1
M849<J;):CQVQE;KRPA"?+DG@4'=2M;(OUDBMLN2;Q`90\,M*<DH2'![4DGGZ
M*[X%RMUQ0I=OGQI:$':I4=U+@!]A()Q09=*4H%0QS^5N/_0#O^LHJ9U#'/Y6
MX_\`0#O^LHH)G2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*
M!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*#BE*4'-*4H%*4H%*
M4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*
M4H%*4H%*4H%*4H(;U'_B=-_T_!_M*F0["H;U'_B=-_T_!_M*F0["@&J7L-_D
MZ4Z<Z@OD..P\IC44E*FG,@*"Y0;[CL1N_55IZBCWF1;PFQ3V8<U#K;@4^UXB
M%I"@5(/F`H<9'(\JBT[0"9/3ZXZ61/#<F;(7,7)\/*0\I_QODY^2"`GOG`H,
MZ5J:X,ZVN.FVHL9Q#%F%R9<4I225>(4;%=^.,Y`J.6K7VH'H>C+S.MMN1:M0
M/HAJ0TM9>;=6%E*AGU=OJ]N3YY\AMH^E=1*U1(U--NMM7*?L_P`'+8:C+2V%
M;U*!22O.`3YY)Y[5B-:!N36F]&V5-RB$Z=G-RRZ6E??]FX!.,^KD+.3SV%!\
MW+7US27IMHM;EPAQYRHJXK4*0MYY"7/#<<0XD>&""%':<Y">X)P+#EQF)L5V
M+);#C#R2E:#D!23W!]Q]E0J)I34=KN,Z-9]01V-/3I2Y2V7(Q7(C*6K<XEE>
MX)`422"0=N>!4PNC<]=N?;M3[#,THPRY(;+B$J_R@""1]-!7UN5`B=8Y(=MD
MBU2'[2(\).Q`9GI0O<M8*"?62-H`(R!D^P5&&7''?X/\O4JE;+NZ\Y=S(QA:
M9*9)*59]P2$?\7CM5F0+'<Y5Y@7S43\)R9`:=;C-0FU);0IS:%K)4222$@`<
M``GOGC3NZ$D+MKVEQ-CC2SLWTM3/AGQ@@N^*8X.<;"O\+OM)3C\*@GD9PNQV
MG2G:5I"B/9D9K6W>U6>4\FY7>/'?3$96$F4E*FV4GE:L*X!P!D^P?/6%!=OA
MUG<F79++UD$=LM(2QM5'=XRDK_#*AN./(!/MYZ-96?45X7$:M5SML:&V=[S,
MR&I\/*!]7.%I]4'!QYD#/:@K1^VNVG03-N;;6Q:=1:K:2S%(*?`@O/`A&W\$
M*",[?8O!\ZD&N[@_IS6#LZUC8X]IB>MQ"1A)5'`6RHCVC<H#W'%2.3I>\7G3
M\RWZCO;#TU;S;T21#B>$B*MLA2%!)42H[ADY/(XXKNAZ9?EWJ5>]1KBR)#D$
MV]N/'2H-(94<N'UCDE9Q\P`'/)(0N:RFR]/^G,Z%ZLN/-MY#@X4[XXVO`GSW
M[U$^TX/E7*+].7>-5:U?LJKG"L,MVWQVP^$JC--`>.XV@@A2R<DDE)VI`![U
M)(&BYR6[!:[E<&)-GL#R7HB4MD//%"2ED.'.!L!\OE$`\=C]2M(7%LZA@VJX
M1V;5?W%NR4N-J4[&<<2$.J;YP=P&<*^2HD\CB@F%NFQ[E;XMPB+WQI+2'FE_
MSDJ`(/U&J)8BN771^O;#"L$FXW"7J*>F,M#0#;3GB)VK+A("=O?V_75Z6^$S
M;+9&MT%L(8BLI9903P$I2`D?4!6@T-IV;IUN\-RY4>1\(7)^X`M(4G872"4<
MDYQCO01U%]UG"OC.BH4>US;C%L;$Q4R6^X`ZL+#:]V!GDA6,9\B?969,UA>7
MK7?+_984-^V69]UIQATJ#TH,_P`<I"APC!R$@I5NV^6:VS>G9B>H;VJS*8,=
M=M3;Q'"%;P`X7-^[.,Y)&,=JU1T9=(C6H;3:[E&;LM\==><#K2B]$4Z,.^&0
M=J@>2,XVD^8XH.ZT:R?EZE3#D)BM6B7:4W6WRL*"G6SC<E0)P"D$$X\B*ZG]
M7W)'H$`M,,W*5$5.4KT-]]#+15M;!0WE6Y6>22`,'O6;?]#P;G&T[&C/*B-V
M9Q*$;>2Y&V>&XP?<I(`/S5]:HTY=Y%[@ZCTW<X\*[1F%17$2V2XQ(840K:H)
M(((4,@@^9H-9;];76XQ;!`^!_@^_W1;X<:F-K#;#;/RW=IVJ4E64[1QG=R>#
M71TR$L:KU^)R6$R1<F0OP,A!^\)P0#R,C!QSC/<]ZS[MI*]R'K'>XU[87J*V
M+>4IU]@B/(0Z`%M;`K*$C"=O)(QSDDFL[26G+E9[SJ&Z7"X19"KO(;?\-EA2
M/#*6PC&2HY''L_901SJ%)1!ZEZ$EJAORPW'N1+4=L+<5]Z1V!(S77TL;;+^J
M-<Q_"A:?O*TR(L)"@2V&TD..+"?52M1!)2.1CGFI1>].S[AK33^H6I49MFT(
MD(\%2%%3OC)"3ZP.!C:,<&NB'I*1:[_<G[9+CIL-URY,MCK1PEY0PMQM0/J[
MAW21C/-!J[7KB[3;C8G&[2X_:[J0%AJ#(2Y""D[FUK<4G8M)X!(QC/!(YK)T
MEK.5J"65!=N;::<>1-@DJ1+@;"0G>"?6!QR0`!GC/>NS2NF=3V41+0_J-B1I
M^`0(R4QBF4MM/R&G'-VW:GCLG)`QP,UTP]&7*3?;+=[[(MSLNUI<29D5E2'I
MB5(*`ATDXV@')[Y(_!R:#&M^N[K.E6.5%M+DFUW1T(4AJ#(#D5M8^]O*<*?#
M4GMNQC&[@JQFN[2VI=7ZBDSRS;[/'AP;E+M[RU.N*65-@!"DC`R-W!SC@\=N
M>_3.EM36(1[,G43#NFX:]T9'HZA+\,'*65.;MNP<#(3D@8XK9:&T[,TZS>&Y
M<IB0;A<G[AEI!3L+I!*.2<XQWH-;8-67:[:;9?7%AL7U5S7;G88W*0RM"R%Y
M.<\-I*\^S'MK`N6OKFGQIMHM;EPB1YRHJXK,&0MYY"'/#<<0XD>&""%':<Y"
M>X)P)';M*,0=8W/43<A1;FH0H1<>JV_C:MT>]24H'T'VUJHFE-26NXSXUFU!
M'8T_/E+E+9<C%<B,I:MSB65A02`HDD$@[<\"@Y:UA,E:MG6&.NW,R(<MMI4"
M45(D/L$)*GVSG"@-QPD`_)Y(R!4KA+NZKI<43&8B;<GP_0EM+475^KZ^\$8&
M#VQY5$+]HVYW^4AJY2K>N*Q<$3(DQ+2A,BH2L*\-"LXYQC/D#V)`-2^&U=47
M2XN2Y<=VWN%OT-E#12MK"?7W*SZV3R.!B@AW4EZX6R[:;OUK83<)<5U]KX*'
M\;);6@;UM?Y:`C.>V"1Y@'8=,7(<K3KUTA2TO)N,U^6XVA)0F,XI7K-!)Y!2
M1SGNHD^=9NH;'-E7NUW^U2&$3H#;S!:DI);>:<V[AD<I4"A)"@#Y@CGC%AZ>
MN]LM=Q^"I\*/=KC</3I#ACE3*2K8%I2C.?DH[D\DD\9X#&UY8M/&PWR1/M;,
MR;<6_!;WMA;KKI3L:;;.,CG&,=CD^TUO])6^5:M+VBV3G_'EQ8;3+SF<[EI2
M`3GSYK0WFR:RE:A5<X%[LS3#2=L5F3;EO*9!&%*W!P>LKL3CMP//,IM#$Z-;
M6&;C,3+FA/WU]+?AI6HG)PGR'D![!053.4=+]2W]7))3;KA<1:+G_-1N994P
MZ?9A9*2?8JG4-U=TU=I2:%9AP-2Q8#*?);I2M;RO?@I0@>PA=32X:3<O%GU/
M:;J['4Q>'"ZV6DJRPKPT)2>3R4EM*L\5A7;1,IZV:4M]OG,H18IK4Y3DA*EK
MDN("LY(/!45J43SR:"/=3&7[=JMK6T%*U2=/1(SS[:!DO1%N/)?3]"<*'S&L
M;KE-1?-%7)J$\'+?#ALSW7$'AQ3CB0PGWC&]9'N1[:LCX)DOWN=*FF*[`EPD
M1%L;5%1"5+)R3P0?$(QCRJ)O]-2UTTEZ(M]R`,I7WR9)2I9"0L%(`S^"E"$#
MG@"@^NIRO!N6@EHBKD%%[1M::"=ROO*^!N('UD5JVIC;O6NUN+M[NGUJMSS9
M3*2E*KJ<C"4E!4D[._*MWNQ4JU3IV]7I[3LEB9!8?M,H2R%M+6EU804[>""!
MZQ/GY5\N:3N-VU-:;[J*XQG$6@K7#B0V%(3XB@`5K6I1*N!P``/GH-9*US=3
MIJ7K2WPHDC3\5]Q*F"5"0ZPVX6UO)5G:#D*4$$<I'R@3@=U]UO-#]R9T]&3(
M<@,MN;5PWWO25K;#@;26QAL["GE6>5=L#-=;>A+A'L]STG'N4=.FI[SB\%L^
MD1VG%;G&4G.T@DG"CR`H\&LV;I:_0=0R;MI*[PH35P::;F1IL93R`6T[$.-[
M5)PH(`&"<'`S02NS3E7*TPK@N(_$7(90ZJ.^DI<:)&2E0/8CM49<_E;C_P!`
M._ZRBI9"85&B,QUON/J;0$J=<.5+/FH^\]ZB;G\K<?\`H!W_`%E%!,Z4I0*4
MI0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4
MI0*4I0*4I0*4I0*4I0*4I0*4I0<4I2@YI2E`I2E`I2E`I2E`I2E`I2E`I2E`
MI2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E!#>H_
M\3IO^GX/]I4R'85#>H_\3IO^GX/]I4R'84'"B0DD)*B!V'<U'M':D&IHUR?$
M%R&8-P>@J;<6%**F\`DXX[GL">W>I%5>](O_`';5W_2>X?\`K%!((6I?2=9S
M],&WNM*B1&Y7CK<20X%J*1A(S@<'N0?=6SOMTC62S3KO,W>C0V%ON!`RHA(S
M@>^H=;OY:;U_047^V<K>ZQO5L@:7U!)?:;N+<&*LRH:%!14"GY"Q^""#Y^63
M0?$#4,WX8@6N[VYF,[<6''XJH\GQTG9M*D+]5.#A8.1D'GGMG`:UJXY$:O0M
MS9L#DX04R$R,O!1>\$++>W&WQ.,;MV.<>51S1=IN&C=56FT27T72WW*$M$*2
M<J<@>&`M3`))RR<\'OD)!S@5HX;+\8L=0[6PE5CE7@JDV-P$AE9>\`2$#.`]
MN]8IQCUN.1F@L[4>H+G!G-VZPV`WJ;X7C/M"8B/X+9)"22OODA6`/YIK?PG)
M#L-AV4P(\A;:5.,A>\-J(Y3N\\'C-0?7>DM.W1BXZ@0]\'WZ$R5HND=\H<CJ
M0C*=V#C;C&4D<@^^I9IM^?+T[:I5T:\*X/1&G)+>,;7"@%0QY<YXH-0C4\FY
MWF?:].6]J8+<OPIDR0^6F&W<9\))"5%:P#SP`,]\\5L++=ILV?<+?/M2X3\,
M-JW>('&WDKW84A0`)'JD<@'/EVS">B:EP(.H-.W#U+S!NK[DA"N%.)<(4AWW
MI4,X/NK"OUSNLR/U8MTJY/N1;/!28:4A+:D%48N9*D`*.%=N>W?-!;N:53#T
M*/9M-:-D,KE(:U#(ML>\/JDK/B(\$[0<G"`I6U)(QD<>=9MQB/6O5FI+!9KB
M;3:9FGO2E*!/A0)2G%-I6D?@;ADD#'R<T%M9I5-P%OH8U'I>9$1I;4*[8WB1
M&=*X3J=Y0EY'F@E2MJL^MV.214AZ>2O`O=VLD^P"RWEJ.PZ\Q&=\2(\WE:4N
MM?S<G(((!X'<YH)[,DLPHC\N2L(880IQQ1_!2!DGZA6GT7J.-JO3D2]QFELI
M?W!;*SZS2TJ*5)/O!%8&M7),YVWZ>@,,R'9+GI,EIUWPTF,TI)4"H`D;EE">
MW(*JCFCW)NGNHUYL-QBM1(U^2;M"0V^7$!X83(2%%*>3PO&.*"T*9JI;6S:]
M1V_4-PO=R?A7BW7IX+DM.A+\-#;OWIM&<X0I``P!ZQ4KN32R6:+<^HVNER?2
MWS;)D"5":]*<2E#O@;^P5YDD8/&"1B@MK-,U3&DH3MZMVEM7'4<&+-$E!E+;
MCK](DN*)2Y%<)<P>20!M]7:"``*R(#KMFU9`?O$-,Z)<;LZFWWZ$[ZY6X7`F
M/(0><)Y2".!L'`Q06_2@I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4
MI0*4I0*ACG\K<?\`H!W_`%E%3.H8Y_*W'_H!W_644$SI2E`I2E`I2E`I2E`I
M2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I
M2E`I2E`I2E`I2E!Q2E*#FE*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4
M"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4$-ZC_P`3IO\`I^#_
M`&E3(=A4-ZC_`,3IO^GX/]I4R'84'"@%`@]CQ6OM%EM5F2^FUP68H?<+KH:&
M/$6>ZC[2?,]ZV"@2D@**21W'<5!NE<Z?-AZD%PG2)BXU_F1FW'U`J#:%)"1P
M``/<`!02AJR6IJ[NWEN"TFY.IV+D@>NI/\TGV>[M6%;]-P8M[O-V]&C)5<TI
M;>;;1PZ$Y]9S/RE'=CMC`Q[:TELF3_NM7FW.W"2]"1:6'VXZU#8VI3JP<``>
M21R<GWU)=4*NB-.75=C2%7017#%!`.7=IV]^,Y]O%!Q:-.V6SN>);;>S'7L\
M-)3D[$9SL3DG:G_)&!P*^$:9L*+DJY(MC"92G?'*@."[_P#$V_)W_P"5C/OJ
M&:$NS5YNL"5IN7<7+:B(XF[MW!];BFI&4[$8624N@AS<$X3C'^377JN^W.3J
MK2:K=,<8LQO0B*\-1'IJ@VLK)([MI(V@=BK<?(4$U7I;3J[RY>UVB*;BYM*W
MRCE93\DD=B1C@D9%;NJZ95.U7?\`5K:;G,B,VA:(,#T9Y380_P"&%K=4!\L[
ME)`"LIP#QR:D.@KXO4^BK1>WDA+TN,"Z$\#>,I7CV#<#B@SKKIVRW:2U+GV]
MEV4R-K<@90ZD>P+20K'NSBOAO3-A;MTJVHM<?T65S)04Y\?_`(Y/*_9R35>0
MM1732.KIZ;S,?E:2G7%41B3(<4XJVOA*2E*UJY\->[`)[$?.3,8\IFWW_4DR
M;-?3"BL,.D.O+4VT"E944IR0,X'84&Z<LEI=L_P([;X[ELV!OT5:-S>T=A@^
M0XQ[,<5TL:<LC-NE6U%N9,66G;(0O*_&&,84225<<<GMQ6M&LH7IDNWNVVY,
M7!F(9K<5UI*5R6AP2WZV"0<`I)!&>0*=.]1R=4Z7A7B5"<BN/HWX*<(4"3C:
M<G(`P,G'-!F-:4TZU#E0A:8ZH\M`;?0X"OQ$#L@E1)VCR3V%9EILMKLX=^#H
M:&5.X\1>2I2@/D@J))P/(9P,\5J-?2;F+*;58GO"O-SW1XKF<>$=A4ISW82D
MX/M*:^]!ZB3J/2%NO+N&WE-;925<>&\CU7`?9A0/T4&U^![9\,?#7H37PD6_
M"])QZ^S^;GV>ZNN?8+-<+C&N<VW,/SHW\0^L96U_Q3Y?16JB:VM$F=;8H9FM
MMW0+-ODK9PU+V#<=F"2,IY&X#([9K&MG4*QW%Q?@,7),9I4A#TMR&I++"F1E
M86K\$X[`]_GH-N_I73DB^MZ@?LL)R[-XVRU-`K!'8Y]H\CW%94*RVN!/EW"'
M":9ERR#(>0,*>([%1\\>7LK5QM7VURZ&V3(\RW2%153&O36@A+S*?E*203RG
M()2<*&>U9%DU+%O#S#;,*<RB3&]+CNOM`(>:RD!22"<?*2<'!P>U!S&TGIJ+
M?'+_`![)":NKA)5*2T`LD]SGR)\R.37,/2VGX4[T^+:V&Y`<4Z%#)"7%9W+`
M)P%')RH#/)K=TH%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*
M4H%0QS^5N/\`T`[_`*RBIG4,<_E;C_T`[_K**"9TI2@4I2@4I2@4I2@4I2@4
MI2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4
MI2@4I2@4I2@XI2E!S2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*
M!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*"&]1_P")TW_3\'^TJ9#L
M*A'4]]F-!L$F2\VRPU?8*G''%!*4)#G))/`%;D:PTEC_``HLOY^U]J@WJC@$
MX)Q[*@W2Z#<;>QJ1-QM\B(J5?)<UD.@>NTXH%)X)]G8\BMY\<-)?E19?S]K[
M5/CAI+\J++^?M?:H-)`A7!/5BZW1=OD)M[UJ9C-R2!L4XAQ2B.^>RASC'>ON
M^7*^7F/JS3=KA2+9<V(G]P3''$[9&\$!22.4<I(!/S^5;CXX:1_*BR_G[7VJ
MZ&-3:*8=?>:U'8TNOJ"G%^GM960,#)W>7E[*"+6W3R9FI8%RM-GN&GFQ;G8=
MSRE+1=!0$MI&"=RT*R0X,C`[G(K!U'TZGIF:4:ME]U#)BQ+@DN%<IO\`N1H-
MJ`6CU!@]AY]SQ4^^.&DORHLOY^U]JGQPTE^5%E_/VOM4$<,6[Z:O6J78%JD3
MVKT42H9CA.$2?##:D.$D;02E*MQXP5#N,&1:'L/Q9TA:;$5I<7#CI0XM/92^
MZB/=N)KGXX:2_*BR_G[7VJ?'#27Y467\_:^U0:^VVMJ[0]2VN\VMWT*=,=.Q
M]``=;4E`"A@\<I..Q&,U#XVB-3)TOJ[34F:):U(8:M4M_`\9IOUD(<]X/J*/
MF*L#XX:2_*BR_G[7VJ?'#27Y467\_:^U01G3$7T]Y3Z>GK>GY3<9QMZ1(:9"
MBXH8V-%!)*,\E1P.`,'/&RZ50[E;-#VJTW6VO0I4%D,+2ZI!WD$Y*=I/J]L$
M_56T^.&DORHLOY^U]JOHZNTHD95J:S@>^<U]J@U`M[U^U;.DW*)=(<:"RF/`
M=;D*9#H4<NK!0K/)"!@^2<^=:"RZ>N%LOFL=-QX<]&G;RVIV--6K>&9#C92[
MR5;B"<*W8[@U-/CAI+\J++^?M?:I\<-(_E19?S]K[5!'-#3=3M6RU:?N>F'X
M<BUM(8D3G%(5'=0VG:"SA6Y2E`#C:`,G)\CJK)IB[SNG.JK"_&=M\V?,FNQ_
M'P`0XO>V3@G@\`CRYJ<?'#27Y467\_:^U3XX:2_*BR_G[7VJ"):>9<D9E#IF
MQ:+C%C.^,Z^TSAQPHQX;)02I25'N3@8XY)XZM"6BY6O4,?X'B7:VZ=7$6J7;
M+D0IN*^2G:F.22<?*S@[>WF0!,OCAI'\J++^?M?:I\<-(_E19?S]K[5!OJ5H
M?CAI+\J++^?M?:I\<-)?E19?S]K[5!OJ5H?CAI+\J++^?M?:I\<-)?E19?S]
MK[5!OJ5H?CAI+\J++^?M?:I\<-)?E19?S]K[5!OJ5H?CAI+\J++^?M?:I\<-
M)?E19?S]K[5!OJ5H?CAI+\J++^?M?:I\<-)?E19?S]K[5!OJ5H?CAI+\J++^
M?M?:I\<-)?E19?S]K[5!OJ5H?CAI+\J++^?M?:I\<-)?E19?S]K[5!OJ5H?C
MAI+\J++^?M?:I\<-)?E19?S]K[5!OJ5H?CAI+\J++^?M?:I\<-)?E19?S]K[
M5!OJ5H?CAI+\J++^?M?:I\<-)?E19?S]K[5!OJ5H?CAI+\J++^?M?:I\<-)?
ME19?S]K[5!OJ5H?CAI+\J++^?M?:I\<-)?E19?S]K[5!OJ5H?CAI+\J++^?M
M?:I\<-)?E19?S]K[5!OJACG\K<?^@'?]916U^.&DORHLOY^U]JH]`NELNO59
MMVUW&)-;;L+B5JC/)<"29"."4DXH)_2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E
M*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E
M*#BE*4'-*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%
M*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H.F5%C3&2S+CM/M$@E#J`M.?F-8'Q>
ML/XDMWYJW^RMK2@U7Q>L/XDMWYJW^RGQ>L/XDMWYJW^RMK2@U7Q>L/XDMWYJ
MW^RGQ>L/XDMWYJW^RMK2@U7Q>L/XDMWYJW^RGQ>L/XDMWYJW^RMK2@U7Q>L/
MXDMWYJW^RGQ>L/XDMWYJW^RMK2@U7Q>L/XDMWYJW^RGQ>L/XDMWYJW^RMK4&
MZJZ^@Z#L"I2]CUSD`HA1B?EJ\U*_R4]S]`\Z"$]:]3673,5O3NGK-;WM2W`!
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M%:EPK?%C+4,*4RRE!(]G`K,I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I
M0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0<4I
M2@YI3-,T"E,TS0*4S3-`I3-,T"E,TS0*4S3-`I3-,T"E,TS0*4S3-`I3-,T"
ME,TS0*4S3-`I3-,T"E,TS0*4S3-`I3-,T"E,TS0*4S3-`I3-,T"E,TS0*4S3
M-`I3-,T"E,TS0*4S3-`I3-,T"E,UBW*?#MD"1<)\A$>)'07'75G`0D=S0:S6
M6I[9I&P2;W=7=K+0PAL'UGEGY*$CS)_5R>PJD.FNF;IU,U4OJ/K)K-N0O%OA
MJ^0O:>``?][2?^\K.?/.!$9N?7;7*I<GQXNB[4YM0@\%?^3_`,HK@D_@IP/9
MGTI#C1X45F)$90S'90&VVVQA*$@8``\A0=]*9IF@4IFF:!2F:9H%*9IF@4IF
MF:!2F:9H%*9IF@4IFF:!2F:9H%*9IF@4IFF:!2F:9H%*9IF@4IFF:!2F:9H%
M*9IF@4IFF:!2F:9H%*9IF@4IFF:!2F:9H%*9IF@4IFF:!2F:9H%*9IF@4IFF
M:!2F:9H%*9IF@4IFF:!2F:4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"
ME*4"E*4'%*4H%=<A]F,RI^0ZVTTCE2W%!*1\Y-=E03K2`>FE[20""&00?,>.
MW02CX?L?XYM_YTC]M/A^Q_CFW_G2/VUK/B%H<D_^QU@_1S7V:?$+0_Y'6#]'
M-?9H-G\/V/\`'-O_`#I'[:?#]C_'-O\`SI'[:UAT%H8#)T=8/T<U]F@T'H8C
M(T=8#_\`A[7V:#9_#]C_`!S;_P`Z1^VMDE25I"DD*21D$<@BHK*Z=Z%DQ7HR
M](V5"74%!4U";0M((QE*@,I/O'(KH;T!:&T)::NVI$(0D)2A-]E`)`&``-_`
MH)E2H?\`$*V?CC4WZ=E?;I\0K9^.-3?IV5]N@F%*KO4^CH=NTU>)\6]:E3(C
M0GGFE&^22`I+:B#@KYY`KC2VD(5RTU:)\F]ZD7(DPF7G5)ODD`K4VDG@+XY-
M!8M*@=UT$CT,KM>J]0VZ6VM+B9+MS?DH3M()!;6O:H$#'-:ZYQ]76ZTNW9[J
M:5Q6P3ENR,$J]P]:@LVE4)==1ZXA.K9:ULMQ?!1NLS`!3[\*X/?]5:]&KNH:
MB1\;VR<<`6IGG]=!Z+I5./KZDN66'=+7K!V4'R=S:K,P@H`&0?E>WBMVQ:]=
M&/&7+ZD)BOO(!\)=FCY!QR/E4%D4JO[8>I,)4F,Y)T[?4^*5,R7I"HKGAX&`
MIMMI20<YYR>];#TKJ-^)-,_I1_\`<4$PI5=HU+KM>I7M."PZ?],:A(FJ6;F]
ML*%+4@`'P<YRD^6,>=;3TKJ-^)-,_I1_]Q03"E0_TKJ-^)-,_I1_]Q76_/ZA
ML-EURRZ9"!\I7PJ]A(]I^\4$TI5??&'7RK:+G%TU9;C&W#"(5R<+CJ=V"4!;
M21QSW([5E3M=2H$9R5+T-J5IA'*EE,;@?0]03>E5X>IC85%2=':CS*&61MC^
MOR1_\;W'O6-)ZMP(LEV+(TIJ)#S2BE:"VQZI_P!+0692JX:ZIQG;@W;F]):B
M5+=5M0ULCY4<;L9\;';FMQ\;[G^0&IOJB_OZ"7TJ(?&ZY_D!J;ZHO[^L&9U*
MMUJF1H^H['>K(W)2LMOS&4+02G&1]Z6L@\CRH)[2H+]U;0/X^_\`*/\`V*?=
M6T#^/O\`RC_V*"=4J"_=6T#^/O\`RC_V*?=6T#^/O_*/_8H)U2H)]UCI_NV_
M&!.[&=OHKV<>W&RN?NK:!_'W_E'_`+%!.J5!?NK:!_'W_E'_`+%<'JQH!(RK
M4"4CVF*^/_DH)W2H#]UWIU^4K/YN]]BOM/5GI\K(3J%*L=\1GCC_`,%!.Z5!
M?NK:!_'W_E'_`+%/NK:!_'W_`)1_[%!.J5!!U8Z?DE(U`DJ'<"*]D?/ZE<_=
M6T#^/O\`RC_V*"=4J"_=6T#^/O\`RC_V*?=6T#^/O_*/_8H)U2H+]U;0/X^_
M\H_]BGW5M`_C[_RC_P!B@G*E!*2I1`2!DD^5>;=;WVY]8-8M:(TJZ4:>B+WS
M)H!VN;3RL^U(/"1^$>>V,?767JRQ>HR=*:-F*6U+&)TT(6C:@G!;`QN`\U''
M;CS-2GIOJ#ICH;3K5KB7Y+LI>%RY/H;X+SF._P`CA([`>0]Y-!:>F;#;--66
M+9K3'#,2.G`'FH^:E'S43R36UJ"'JQT_!"3J!(4>P,5[)^C97/W5M`_C[_RC
M_P!B@G5*@OW5M`_C[_RC_P!BGW5M`_C[_P`H_P#8H)U2H+]U;0/X^_\`*/\`
MV*?=6T#^/O\`RC_V*"=4J"_=6T#^/O\`RC_V*?=6T#^/O_*/_8H)U2H5%ZGZ
M%E2F(C-^07GW$M-A4=U`4I1P!E2`!S[:E?PA`_QV/_I4_MH,JE8OPA`_QV/_
M`*5/[:?"$#_'8_\`I4_MH,JE8OPA`_QV/_I4_MI\(0/\=C_Z5/[:#*I6+\(0
M/\=C_P"E3^VGPA`_QV/_`*5/[:#*I6+\(0/\=C_Z5/[:?"$#_'8_^E3^V@RJ
M5B_"$#_'8_\`I4_MI\(0/\=C_P"E3^V@RJ5B_"$#_'8_^E3^VGPA`_QV/_I4
M_MH,JE8OPA`_QV/_`*5/[:?"$#_'8_\`I4_MH,JE8OPA`_QV/_I4_MI\(0/\
M=C_Z5/[:#*I6+\(0/\=C_P"E3^VM?>M46"QPO3KG=&&8^]+>X$K.Y7883D_J
MH-U2H+]U;0/X^_\`*/\`V*?=6T#^/O\`RC_V*"=4J"_=6T#^/O\`RC_V*?=6
MT#^/O_*/_8H)U2H(KJQT_2"I6H$I2.Y5%>`_]%<_=6T#^/O_`"C_`-B@G5*@
MOW5M`_C[_P`H_P#8I]U;0/X^_P#*/_8H)U2H+;.H"[M#1/M>C-22X3BE!M]"
M(Z4N!*BDD!3H.,CS`K+^-US_`"`U-]47]_02^E1#XW7/\@-3?5%_?UK_`+H_
M^ZSEG^)FI/A!ME+ZV`B.2&SG"OX['X)\_*@G]*KZ'U)$U3J8NB]2NJ:5L6$M
MQ_5/L_C:S5ZVG(^5H+4XYQ\B,>?]-032E0:;KBY-,$QM":B<=4G+86&$I)]A
M(=)'U41<^I2E8.EK$D9QE5T<^O\`BJ"<TJ$&X]2@5#XLV`X/?X4=Y_\`T-:O
M4NK-?:>LZ[K*TI:'6D*;;4VU<EE96M80D#+8'=0[D4%ETJ'::US`N<ABU71L
MVN_K1O5`=.2!QV4.#W'GGFIC0*4I0*4I0*4I0*4I0*4I0*4I0*YKBN:!2E*!
M2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*#BE*4"H+UH_DUO7_8?V[=
M3JH+UH_DUO7_`&']NW03JE1K4-WEVZ0PX9,&'`42VIR4O"E.$@)``!\\UK[+
MKRQ&W'X6O]K]-:*B]X#I4A*=Y"3G`\L9]]!+IT9$V%(ANJ<2V^VIM2FU%*@"
M,$@CL??7S;H;<"$U#96ZMMH8"G5E:C\Y/>L&T:DL=Y=4U:[G'E.)2%%+:LD`
M]C^JMO0*UL6T1XUTD7-#\I3SZ=JD./%2!V[)/`[5LJ`@]C0*4KJE-NNQW&V'
MO!=4,)<VYVGVXH-1K<XT9J$_YMD_V2JA_1S2S]GL-NNCM[FR4RH#1$1PX;:W
M)200,D$^0/L-274K,F+T^O3,R5Z4^W:Y`6]LV[SX2N<9.*Q.EEI-LT59RJ8[
M(4_"8<];A*<M@@`>6,T&;<I\.[3YFE5EQE];.0LI!"@0<X^KSK(LFFX5NL35
MFDI;G,-J4K[\T,'))^3R/.M7<ER;)J5R^3'H4>SN-I;=4$_?EJYVYXY`)J7,
M.H?9;>:5N;<2%)/M!&100O4V@H-Q:D2+>/!GK(*-RR&D^T;0.!6RL&EH$&WP
MTS+?"5.8.[QD("CN]NX@&I+2@T,=Z5:)42'/EJFF<\M+:T1PVED!&<'!/''U
MFJYZD6J\MR1<+E*C2(_B%#!;;*5)2H\!0[<8`SGG%7)73+C1YD=<:4RAYE8P
MI"QD*'O%!"NGFE95D<DS9JF_$=2$)0D?)`.<Y^FIW3M2@@L8@]9;C@@XT]&!
M_.':G*E)3C<H#)P,G%02&TVUUFNA;;2DN:?CK7@8W*](=&3[^!75U0F-QA;P
M@R%3=Q<CM@_>MPQZZAYD9X'O-!8-=$R*Q-C.19327&7$E*DJ&017S;E/+@L+
MD)"7B@%0'MK)H,>##CP(C42*V$,MC"4CRYS6'?K<[<X0B-NLMH4L>)XK(<!3
MYX!['WUQ?;[;K)'+DV0$*(]1`Y4KYA6ETG>+].+TJY16TVUPJ6R^?4*4>64\
MYR".<T'7;-(Q%71FZ28G@+C'#;(5O21[>0,#)SCV\U!M765"[]<9-N4F>TE9
M7(8;<(=2LD[AVX&<U;L2?$NT%UVUS&W4D*0'&SD)5BH[HC3\VUR;A*NBBY+>
M<.'=V0L9/K?3F@@HTLBSZJT1<P\O^Z+FM"&E#Y*?1G#S[\@U=0`P.*A.N?\`
M";08\_A=?^JO5-QV%`P/92E*!2E*!2E*"#2/Y9;?_P!'9/\`K+53FH-(_EEM
M_P#T=D_ZRU4YH%1+J).AQK(&),E3+KJPMG:G=N4@A6""1P>`:EM4QU3NCDJ_
M"`AY1CQ4#*!P-YSGY^,4$02^IV9XZTY*EE12E.1S[!5QZ,C&QV61<KVXJ/(E
MN^*[XP"?#R``G@GV?KJ.]/-(A]#=WN3+K92YOC@.%).!W(]E6-=K5"NT41)K
M7B-!:5XSC."#CYN.1YT&:VM#K:'6U!2%@*2H'@@]C7U7RTVAIM#3:`AM`"4I
M2,``=@*^J""Z4_E*U]_^'?V"JG5072G\I6OO_P`._L%5.J!2E*!52];.HR],
M0V]/6!2G=2W`!#26AN5'2K@*QYK)X2/I\AF1=4]>P=":?7+<V/7)\%$**3_&
M+_G'_(3W/T#N:@O1/04YZ8OJ)K$+?O4XEZ*A[NTE7^^$>2B.$C\%/O[!(^C/
M3A&C;8NY73#VHIZ=TEU1W%E)Y\,'SYY4?,_,*L^E*"#:C_E2T5_S*Y?U,U.:
M@VH_Y4]%?\RN7]3-3F@4I2@4I2@4I2@@75QAF39['&DM(>8>O]O;<;<3N2M)
M>`((/<$>5;CXAZ(_(^P_H]K[-:OJG_>_3W_2*W?VXJ<T$9^(>B/R/L/Z/:^S
M3XAZ(_(^P_H]K[-2:E!&?B'HC\C[#^CVOLT^(>B/R/L/Z/:^S4FI01GXAZ(_
M(^P_H]K[-/B'HC\C[#^CVOLU)J4%5=2]':2A:?BNP],6>.XJZ06RMJ$VDE*I
M"`I.0.Q!((\P:E_Q#T1S_P"Q]A_1[7V:UW5?_!J)_2]O_P!9;J;T$9^(>B/R
M/L/Z/:^S3XAZ(_(^P_H]K[-2:E!&?B'HC\C[#^CVOLT^(>B/R/L/Z/:^S4FI
M01GXAZ(_(^P_H]K[-/B'HC\C[#^CVOLU)J4%4=5='Z3@:*DR86F+/&?$N&D.
M,PFT*`5):2H9`[$$@^XU,?B'H@Y_]C[#W_%[7V:UG6+_``#E?\\@_P"MM5.1
M01GXAZ(_(^P_H]K[-=T31FD84EJ7#TO9H\EE06VZU";0M"AV((&0:D%*!2E*
M!2E*"#=9P3TUO>`HX2RHX!/`>;)_54PM\V+<H+$^"^E^+(0'&G4'A:3V(I<O
M[WRO^17_`.DU&NE7\F^E_P"C6?\`TB@EU*4H&*8'LI2@8'LJKV4K/7F2H@A*
M;.S\GMC+O>IC?7[^W<("+2PTN*H_W0I8[#Y_*H%IRZPKUUHN$R"IU3:;6RC<
MHX!(+O8>8YH++MEG@6QZ4]$:VN27"XX2<Y)]GLK8TI0*4I0*@_6'_`.5W_\`
M>X7;_G353BH%UC6E&C"HES(G0R`@X!_NEOO0;6]:2L^I+9'$UC;*0TGP9;?J
MO,JVC"DJ[@BH+/N>N.G*8:;A.AWVR*6U&;7(4I$E*E.!.2K!WD!0Y)%6Y#5N
MB,*]K:3^JM-K#2\#5=K%NGN2&T)6EQ*F7"@A0((/U@4&X;E1G'UQT/M*>1\I
ML+!4/G%=]4G>>G%STM=8FJM'F9<K@PZ'9R'YI#LML'):!(/RN._L%;YSK'IJ
M(])AW.#=H-P8#8$-^.`Z\I1"=J!NY.3GRXY]U!9+TB.P4)>?;;*SA(6H#<?=
M7#$J-(*PP^VZ4'"MB@=I]AQ5/)TO+ZDW^X7;4,:Y6F'%*6[?&=5M=:4G.'4D
M?)W<$I]H')Q7*=.Q=*ZVL%ETO(D1I"VE2)[27BTQ(;]8!2ASE61^H4%S4H"#
MV-*!2E*!2E*!2E*!7-<5S0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4
MI0*4I0<4I2@5`>N`4>EFH0@$J+38`'?/BHQ4^J"]:/Y-;U_V']NW0>=+NFX1
M;DW%OYFDIQN1DE;95[<]NW/LK!2\EE]Q;#2%)4G8`\-^!GOY<UZBU9H:V7U3
MDEMEEB:[ZKKX22IQ/\W.?GJOE=$9!2K&H&4J*\C^YC@)]GRN_OH-5T'BNNZG
M?EI8"VF&2E3I&=A4.!GRS@_57H>JW@LZ3Z41$IDR9'CW$C<LIWE91[`.P&[]
M=3BR7>#>X#<^WOH=97G!2<XY\Z#XN<2Z29,5<*YHBL-JR\V6-Y=''`.X;?/R
M-=&E+(NP6A-O7-7+4'77/$4-H]=:E8`R<8W8[\]ZW5*!2N`KUBG!X&<XXKF@
MT6N/\"]1?T;)_LE4T/\`X%Z>_HV-_9)IKC_`O4/]&R?[)5:[14*6JSZ9G^FE
M,1%E8:]&"?E+*$'<3\P(^F@EBE(W!"B-RNP/G7U6.Y#C.2V9BV4JD,@AMP]T
MY&#BLB@4I2@CMPO;]F?_`-U6PMF5*#,3T=))"3CE?L[FI$"",@Y!H0#W%*!4
M=B;KS<53-EYM_H3Q0&WAX3<@`D$A/.Y)QW]AJ14H(-'_`)9;A_T=C?ZR[6UU
ME:YTZ&AZT-1_A)&4(>=.%-(/RB@XX5D#%:J/_++</^CL;_67:G-!6%IUP[;I
M"V+^](4IM`06DQ,*"L]RHKYXQY5)[+?)M\B3Y#49EJ,!B,MI[>M7?Y0P-I[<
M9./;65>K5IX/*O5V:8;4VWX:GW3@!)R,'_O?KKJ<LEF^*KMOAE35M<07$J8.
M3@CN*""Z8LMZO]UWW]Z2_;XJU!2)*R258.``1[P:M00HP@B`&P(P;\,(';;C
M&*B6CK[<;M>YS*VP+6RT!'5X12200.3GD]ZF;SK;#2WG5I0V@;E*4<`#VT&)
M:;;"M4;T6"@(:SG:#VK.JO=)0)#&J[E+M;C#UG>5@O!S>3P...QS^JK"H(+_
M`/;1CR^+?_ZU4ZJ"_P#VT_\`Y;__`%JIU0:B-#N3-]GSG9JG(+K8#,;/R%`#
M)'SX/UUT6>_N3UW,/6U^,(1QZW)<[]A[>.WOK?5K[A>+5;7$-SY\:,M8)2EU
M825`4&!I[4L*]*=:3AB2VHCP%J]<C/?%;^H]:K!81,1>K>E*W%DJ2ZA>4J)S
MG_;4AH%*4H(-(_EEM_\`T=D_ZRU4YJM-2WNTV#JM!N-YN#$*(G3TA/B/*P"?
M2&L`>9/!X'/%:2Y_P@-(M/>CV>!=;L\3A/@LA"5?-N.[_P`-!<QJIC98UWZC
MSVEJ>;0VZ'58'RE`9[^0X%:4];KZXVE<;I=>W$D\J)7C'N(:J*6GK!`M^L9U
M\O.F[K&0^>$IPI2!C&"%!.:#TXV@-H2A/9(`%?55WI_K%T_O92VW?$0GE?[W
M.26?_$?5_75@,O-/M(>8=0XTL92M"@I*A[B.]!V4I2@@NE/Y2M??_AW]@JIU
M4%TI_*5K[_\`#O[!5:/K#U$G:`O.F766428$OQQ,CG`4I*?#PI*O(C)]QSS[
M0%K5I-7ZEMFD[#*O=U=VL,C"4#Y3JS\E"1YD_M/85T6?6>F[OII>IH=S9^#&
MFRM]Q9VEC`R0L=P1[//RSD51$=JY]=M<F2_X\71=I7A*/DESW?\`*+XS_-3[
M^X9G3G3=UZH:J7U$UDU_N6TO$"$KE"]IX`![MI\_YRL^^O1M=$.+&@Q&8<1E
M#,=E`;;;;&$H2!@`#V5WT"E*4$&U'_*GHK_F5R_J9J<U!M1_RIZ+_P"97+^I
MFIS0*4I0*4I0*4I00;JG_>_3W_2*W?VXJ<U!NJ?][]/?](K=_;BIS0*4I0*4
MI0*4I00CJO\`X-1/Z7M_^LMU-ZA'5?\`P:B?TO;_`/66ZFXH%*4H%*4H%*4H
M(-UB_P``Y7_/(/\`K;53D5!NL7^`<K_GD'_6VJG(H%*4H%*4H%*4H,:Y?WOE
M?\BO_P!)J-=*OY-M+_T:S_Z14EN7][Y7_(K_`/2:C72K^3;2_P#1K/\`Z102
MZE*4"E*4$=U/:KQ<WHB;;=G8#(.'E-+(5CVCVU#;;%3$ZX26F$)2@69@N%)V
M[E9=Y(\R:M2JPBA+/7:<AM(3XMH84K"L9.YWG'G06?2E*!2E*!4+ZL[QHM\I
M)VB7$W`#DCTAO_\`D^ZII4-ZK!1T5)"5J3_=4/)2,G'I+>?U4$LAX,1@@@CP
MTXP,>5=U=,/'HC&TY'AIP?HKNH%=#L2*\M+CL=I:T]E*2"17?2@<>RHIU`TQ
MI_4EF*+ZKT=$<^*W+2H(<8((.4J/;M4J4I*$E2B`D#))\JH_JY?]/WR4FT,R
M`W>[+-0I@3%>%&?6H)W(WG@G8KM[<4&=T]N3<36:K78]33=3V:1%"UK=D>-Z
M"L8[GMZVX^S&WSJXZH:3>-3V76FGKO+=AVJ)<Y#,!=F0L._>_-X*&/H]F:OA
M)RD$=B,T'-*4H%*4H%*4H%<UQ7-`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`
MI2E`I2E`I2E!Q2E*!5;]=;E&B:"DP'"KTBXNMLQP!P5I4'#D^7JH/-615==5
M+5!O=RT5:[DSXT1^[J#B,D;L1W5#D>\"@CC_`%AB3K-.C-6^1%GJ;V1MQ\7Q
M"01DE(&#V^NLCH7#OGA3KK+E.?!LDJ#;*R3N="AE8S\Q3]%2J+TVTO&U$F^L
M1W4.).Y,;?ED+SG?C&<Y]^/=4T0A*$A*$A*1Y`8%!176Y4N\:PLM@8CG*&MS
M2TI)*BXH`\>[:/KK>V+5.CM`1E:?=FRWY+6%/+0R5IW$9P"/9G'T5:ZFFU+#
MBFTE8[**1D?35!:CZ/WYMY<JVS&;BN1)6I;9`9\-*B59W*4<XSC%!DZRZP.2
MX[D/3C+L89_]\6<*Q[D^7TYJR^FDF\R](07[Z'S,5N)6^,.+3N."1@8XQCW8
MJJ4]&[Q\-0XSCR3:U-I5)E)6D*2K/K(2G.>W8\BKZ@1&8$-B&QN\)E`0G<<G
M`]M!S.$@PI`B%(DEM7A%7;=CC/TUUVP2Q!9$_;Z3CU]IR,Y]M9=*"M>L4^"]
M;8&G'E(6Y.N$0.-J7M'A^,C<#[E#(JQ8L=F)&9BQFTML,H#;:$]DI`P`/F`J
MO.M$>,;';YRD+7-CSV/1DI4$`K+J`"21Y'!`\ZG]M,A5OC*ED&06DES`QZV.
M:#)I2E`K5.7AA\W"-:78\VXPP-\8/`;5'D!1YVYY[BMK7PEIM"E+0VE*E?*(
M`!/ST&G?NT^&Q;C*L[RWI+GAO)C'Q0Q_E$@=JW=*4"E*PGKI;V6ICJY;13#3
MND!*@2T,9Y`[<4$3C_RRW#_H[&_UEVIS5<Z;N3%\ZK7JXV]N0N%%M3,!Q]3*
MD(#Z7EK4@$C!(2M)X]M6-08=TMT2ZP7($YH.QW,;D'SP01^L"L2Y)3:K`MJ'
M`=DH:;V)89/K*&/+@UMZ4$"Z<V"5;E.71QYP,2FB$L.I(6@[_/ZO94IU`F:Y
M;E,P8T>0MQ:4+;?SL*#\K./=6T[5UR&U/,.-)=6TI22`XWC<GWC((S01G0TB
M"8DF%&M@MKK#N%QE+RL\#UB.X[U*JJ!YX6S73<^',,Z.M0#\I;J5I'X/KJ0`
ME)[<'W>VK>20H!22"#V(\Z"".A2NLBTH5M6=,D)/L/I/%2BU%ZW6F!&O-P:=
MG;$MK>4=OC.=N`?,FHS_`/;3_P#EO_\`6JE5XM$*\1A&G-E;84%#!(((]]!D
MS6WG8CK<=T-/*3A*R,X-5C%Z=W-RXM/W.8W(:WA3H))*AGD5:33:6FD-(^2A
M(2,^P5]T&JD/O6U<.'"M:GHRO5*FU8#0]XQ6UK'7*;1,1$*7"XM!6"&R4@9Q
MRKL*^8DUB6N0AGQ,L.%I94@I&X=\$]Z#*JG>I/523#NATAH:+\)ZD62AQQ*=
M[<8^8]A4///JI\_,5C=6>J+T-#VE=*I4]?ICJ8S#S*@O"5``E./PLG8/8<GR
MJ5]+>GL/1%A4E:42+W+1F9)(SN)Y\-)_F@_6>3Y8"G=#Z*C:FZB-MZWN3U^E
MN6UV7(0I2TI;<2ZA"4;LC<D!1[8'LR*])6FRVBS,)CVJV1(321@)CLI1Q]`Y
MJLM,P9MOZP-)E6J)"+EDDJ`C+)"D^D-^L<D\_MK?:IUZ;7-DVN/`4N0$E*'@
MX"E*N1R,?JH,^]WFYZ;L\F7.\.2X[)+<8)SA*3N(W?0*K[1\IZU7B*9"6U1;
M@@9+HRG!)P.>,UN;78=0ZO:;EWV>XW%3RVDH`*O;@>7GWS4CUU9$?$\QX$0N
MNQ-I:Q\I*005'Z@:#G4/3/0VH@MR=IZ('G!GTB,/!63[<HQD_/FJXE=)=8:.
M4N=TUU;*VI5N^#9:@$K]V?D*/SI'SU*NFEV=A.N6FZON,*=`<C-OI*<@@'@G
MVYS4_M+5R;7/-P?2ZE<DJC8`&UK:G`^O-!4M@ZT/6ZXHL74FQO6&X=O20A7@
MK]Y3R0/>"H?-5S0Y4:;&:E0Y#4B.ZG<VZTL*2L>T$<&M;J33=DU/;U6^^6YF
M9'/R0L>L@^U*ARD^\&J1GZ5UOTBENW?14AZ]::)*Y-M>]932?,X'N_#2,^T$
M"@LS2G\I6OO_`,._L%53?\+)P&[Z;9P<ICO*)^=:1_LJP>CVJ[?J[56L+S#2
MICTI$%7H[JAO3L:4E7;ND*XS[QVJM?X4X>D:SLL1A*G5BW[@V@;E9+JO(<\X
M_5048S-ELQ9$-J2\B-(V^,TE9"'-IRG<.QP>V>U>TNB>H=(W72,2W:90(BX3
M8$B$X074*/=:C^$%'G</;CCM7E>S=,]>7G:86F)X0KLM]'@)^M>*L_1/0[J!
M:KG'N[=_A662T<I4TI3RQ[04@!)!\P20:#U#2NJ*E]$9E$IU#LA*`''$(V)6
MK')"<G`)\LFNV@4I2@KVR0HLCJ_JF:^RER3#@04QW%9RT'`[O`^?:G/S5850
M;3G\J>M?^96W^IZIS0*4I0*4I0*4I00;JG_>_3W_`$BMW]N*G-0;JI_>_3W_
M`$BMW]N*G.?G^J@4IGY_JIGY_JH%*9^?ZJ9^?ZJ!2F?G^JF?G^J@C/4>#$N&
MA;\U,82\VB$\\D*\EH05)5\X(!^BLK1*E+T;I]:R5*5;HQ))Y)\)-<:X_P`"
M]1?T;)_LE4T/_@7I[^C8W]DF@WM*4H%*4H%*4H(-UB_P#E?\\@_ZVU4Y%0;K
M%_@'*_YY!_UMJIR*!2E*!2E*!2E*#&N7][Y7_(K_`/2:C72K^3;2_P#1K/\`
MZ14EN7][Y7_(K_\`2:C72K^3;2_]&L_^D4$NI2E`I2E`JL6WFFNN\AIQUM"W
MK.R&T*/K+P72=OMP.]6=54=6I[EJU9HF:W#D2\.RLL162MU>&T]@D$D"@M>E
M5U]TIS\BM3]_Q:]]BAZE.8R-%:GSG&/@U[M[?D4%BTJL;AU;M]M9+\_3E^BL
MI(#CC\%U"49'F2BLW[I"<9^*&I_T6_\`8H+!J%]6HTB1H2X&.$J#"V9+J2<$
MMM.H<5@^W:@UK'M;ZIN+J&]-:&GN[02\;EF&![`GQ`-WT5@:CE]3;Q99EL^(
MT1)EQEM;_A1O[T5I*3QGG@T%A::N#%TL-OGQDK2R^PA:`L8(!2*VE5+IJ7U.
ML=C@6A.@XCB8K2&O$^%6AN``&<>_%;0ZCZG)22KI]&/(QB[->V@L:E5V=0]3
M0#_]'T7O^-FN!73HKJC"O2[E;KY%-FOL'>I=O?)"UH2G<2G(&3C)P.<#/:@L
M&=.AV^.Y)G2V(S#:2I;CRPA*0/,D\`55_2Z#;)B=1V5`:NUCC2\1)KB`OQ0I
M`4KUQPK!41D>RFD+=`ZCONZNOR43XK;ZD6MI+A#;38/X20<[_DYW>?D*M*'$
MBPFO!B,(9;_FH&!01JT]/M)6FZ(ND&T-(EH!"5DE6,XY&2<'BI92E`I2E`I2
ME`I2E`KFN*YH%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H.*4I
M0*K[J:+@;OHD6I49,[X77X1E)46P?1G?E!)![9[58-0G77^$N@_Z87_JKU!]
MA'4O'_O.E/\`02?MUSLZE_XSI3_02?MU,AV%*"&[.I?^,Z4_T$G[=8\YSJE&
MBN/QVM,3748(CMH>;4YR,@*4O`XSWJ=4H(;\8=8_\'TG]*1OVT^,.L?^#Z3^
ME8W[:F5*"&_&'6/_``?2?TK&_;7!U%K$`D]/I.!_G2-^VM/U+U_<])3XT6#;
MXSR'$;U+?W8^88-972C6%UU?`G/7&"AD1W0A+J3P[D9X^;M00[46LX>LM*H0
M&W(\UBXMN):+:D_Q2T+((5SY5,#U3TO#;;:F*N"7D-I+GA0'7$@X&?62D@U@
M:XTXY:8&H;G;0A3,^+(7)#B1]Z7X:BDH/<9)_54IT!`A-:(L+:&$*!@LJ45`
M**E%`*N3WY)H-&.KVC",^-<\9QGX,?QGV?)KL/5G1X'+ET'.,?!C^2?^[6]N
M3TN(_)#6GFGH:&]R'$A)*W.>-O?';RKILDF3?+5)<-L1;9:3M;+K'96/E8(H
M--]US1G!\:Y#..]L?\S@?@UGVKJ3I&YRC&;N2HRMA4%S65QD*P0"`IP`$\]A
MSW]E;FPV<P;8U%G^C27D<>(ED#(^JNRZZ>LEW8;CW&VQWVFU^(E)0!A6",\?
M.:#Y.IM-C&=06H9&1F8WS^NN/C1IKG_VAM7'?^[&^/\`Q5JON<Z+QCX!8/&W
ME2NWUUUKZ::'6`%6!C@YX6H?[:#LN=YARIT1VUZMLS;;9RXTN2A6\>>,*]E;
M(W[2I2Z?AFSE+F`Y_=+7K^P'GGBM._TQT,^DI<L+6"0?5<6D\'/<&CO3'0SI
M)78&N00<.+'?YC0070^I9$6XZ^MMNF6R9-%S5*CK<?2A+VX-I)!R!@)2>WF*
ML).K[?;K#$F7J9%1+7M;4TP\EPJ</D,$]\57?4K1>FX-ZT?&@VA+29<]QMY+
M3JD>(D-$X)!SP1FI?.Z1Z'E0WXZ+8ZPMS<4O(DNJ4VH_A)W*(S03F'+8F-EQ
MA>X`X5[4G`.#]8K(^NJF?Z60+<U(F2=:WQEM;:6W7%.MH'?@\)'/89KNA=+&
MA"!B:XU"I+Z4GQO%;5N3CC&4X\^XH+3^NNMYU++*W5)64H&2$)*B?F`Y-4Z]
MH:U)U&Q9E:YU'\(N-DH;#B<!(!//JX[C/MK;,]*%MJ6H:YU&2I)3RXWQ[_DT
M&3TX<B3IUX<%N8;0XYN(2VK'&WC"OFS[<U/I,R)$+2)#[;1<5M;2I0!4?<*I
MG5^D;EI^WL,Q+U>#;<^)+E-%I+JE<C!]7`XQSBLBRZ!CWZ(Q+&M;\'"$K2TZ
MJ,XML=P>$'%!(-'^D73J5JF[S'%ARWI3:V6@G"0V0AW/;.<J-6/5!W_1DC3.
MI;/'AZNOBE7^86YCA\'?PTHA0&WOZB1V[5,8^G^J$!Q;$/6%KD04)#;`EPR7
M$I'91*<94?/RXH++K7-PYR+JN4JY.+B*3@1BE.$GVYQFJ]N+G5B#+C,(N5BE
M*DJV)"8CJ0C@G).<>7F:V28'58!'^[^G#M'.8;OK?/ZU!,HUP3(NDR"([J3&
M"<NJ3ZJ\@'`/TU\7WTYJUR%6M4=J1@GQ'N$H&.5<>8[U$4P.J@5N^'--]L8]
M#=Y]_P`JHMU4F]0+'H.[R[A>;(8KC`CK2Q'<2ZHN'8=A)P.">_OH*]Z>LWS4
M6LY_4:)!;>:C2O1H[83P"4X)`\L).<^U5>FIMWMUO:4J=.CMK0G<M.\9Q[D]
MZI#HM&UPSH]B#9G;3#C_`,>#+C.E2ROULD@@$XP/F%9VH=,:LO%]#,J]6)-R
M4C.U$"3A:>?PB=OM\Z#8::U?'U!U"7>G8#L!N+&7;4%]Y"4K0M:7/$Y[_('`
M]M8DU3!Z@->*^+B%OI5NX4GE7&-O?'?GZ:CUXL5SL+\>%=EQ5RGN&_`.`Z?8
ME))4?_V5EZ11J^VW5YBWO64AUM3JWY,1[[PD`G:?81S\]!Z`\-&$@)`"3E('
M&*^B`000"#P0:KJTR]>79L/V_4&FI$9)VK6F(^%9\^YK-]&ZG;DCX4TYM*3N
M(C/<'''X7:@V.I+%+FW6U3H3C2$1W`'D*2/D8/(/?(X&*S;'J:T7M]Z/;Y"G
M'&4A2PIM2.#D>??L:B,]_J;&9D)8GZ9GS&T;A"80MMYSW`K7@9[Y/%1W2=UU
M-:9,Z);.FDE4QO`DE5Q9PGO@))7@COVSWH+KI4%3JG6FT;NF=QW8YQ<XF,_]
M^N?C3K/_`(,[E^DXGVZ"J-4:$NDGJ!JZ]Z$?^#KQ9UQ'F8\<!"7_`!&BI8'E
MN)'8\*R0>]6%TJZCP-8*<@72*W;M5Q@6Y$9:=JG`GN49YX.<I[IY\N:T[5_U
M1IO5-WO=RT'-0WJ&3#B16A/C$AU+:D!)(7CUN3GL/.HYU&TOJS4-TC:GL.@[
MC9=115I692)\50=">Q4E*\E8[`^8X.>*#T32J5T'U=O>I&56YO1LB;>X38],
M0S+98Y!VE00X0>_<<X)^:IC\:=9_\&=R_2<3[=!.:5!OC3K/_@SN7Z3B?;I\
M:=9_\&=R_2<3[=!.:5!OC3K/_@SN7Z3B?;I\:=9_\&=R_2<3[=`TY_*GK7_F
M5M_J>J<U3:+[JJP:LNFH)^@IR&KV8,&.T)\8J#J?$`!(7CUBOOV&.:E?QIUG
M_P`&=R_2<3[=!.:5!OC3K/\`X,[E^DXGVZ?&G6?_``9W+])Q/MT$YI4&^-.L
M_P#@SN7Z3B?;I\:=9_\`!G<OTG$^W03FE0;XTZS_`.#.Y?I.)]NGQIUG_P`&
M=R_2<3[=!T]7X[,RRV6)(25,OWZWMN)"BDE)>`(R.1P>XK-^YMH[\6R/TA)_
M>5$M:WS45P&G8]ST9,M,?X?MY])=FL.I!#PP-J%$\_-5OT$-^YMH[\6R/TA)
M_>4^YMH[\6R/TA)_>5,J4$-^YMH[\6R/TA)_>4^YMH[\6R/TA)_>5,J4$-^Y
MMH[\6R/TA)_>4^YMH[\6R/TA)_>5,J4%:ZOZ>Z3BZ3ODEBWOI=:@2%H)G2#@
MAM1'!7@_34MT.<Z+T\?\VQO[)--;_P"!>H><?[FR?[)50S26I=7,Z5LC3'3N
MX2&40&$H>3<8J0XD-IPH`KR,]\'F@M"E0;XTZS_X,[E^DXGVZ?&G6?\`P9W+
M])Q/MT$YI4&^-.L_^#.Y?I.)]NOBWR>J,Z.9+T+3MK*G%A,64EUUQ"`H[=RF
MUE))&#Q03RE5GJR]]1M-6-Z\/#3$E#;C3?A-M2$J47'$MCDKQW4*VS/W3EM(
M6XYI5I92"I!9D':?9D+P:#XZQ?X!RO\`GD'_`%MJIR*K?4U@ZA:CL[EJF3M,
MM,K=:=*VF)&[+;B7!W5YE(!]U;;9U+_QG2G^@D_;H)E2H;LZE_XSI3_02?MU
M%[QJCJ;9WBB=$T@P@J4&G'Y1:\4#S2%.`^SCWT%M4JF]-:OZL:CM#%WM^GM/
M&(_GPE%U?K`**2?E\<@UL5W?K0/$QI?3ZMN-N'E>O_\`I.*"TZ55+MYZU(9\
M1&D[`XO_`.&E]0/UES%<I^[%?-T=WX,TR6BO$EE*7_&/X/JJ*L#V^?-!9ER_
MO?*_Y%?_`*34:Z5?R;Z7_HUG_P!(K2-V#J8J/X;FMH3Z5)*5ERWA)5G@]@*Q
M++H[J-9K3'L\+6\-,.*R&HY,%)6D`8`.1@@?706I6'=YIM]MDS0RMXLME?AH
M&2K`["H0JP]2U%"OCQ%04G)2F`C"N,8Y3[>:UEQMG5:!:IL][7%K)9"WE#T`
M;$H`SM'&?(]Z"Q;%<OA:U1[AZ,[&\4'[TZ,*3@D<_56QJF-%N]4-5::ME[BZ
MLML=EUQW>E4$$JVN*1C@8P<9]M2-FS=46F=JM86MYP=EN0<9/O`Q06)59]15
M'[H.@$D$`/R\$*QG[VFNMKIE=74!V=KV]^E+)4YZ.&DM@DY]4%!.*RK/TQ8@
M:CA7^5J6[W&1#"PTB5X90-PP>R106-2E*"I?X1SJF>GB@AM:O&EH0HHP,#:K
MDY[CBK8;_BT_,*I[K?#1?[YHW2LF1(8BW"<?$+6,D!)Y!((R,]C[:N!M"4)X
MSSR<GW4'W2E*!2E*!5':V?Z:OZJN\9_35SN-]2@F0]!9>6I"BWA*@4\<C"?9
M^NKP7NVG9C=Y9[50EFNCG235\^S7R&\NP725OAW=TI4X5*2G(6H?@@CM@8[G
MCF@DO\'ZVW:VZ5EM3V)<:&J2I4)B6E*7$-\_*``.3QG/T5:]=4:0Q*90_&?;
M>96,I<;4%)4/:".]=M`I2E`I2E`I2E`I2E`KFN*YH%*4H%*4H%*4H%*4H%*4
MH%*4H%*4H%*4H%*4H%*4H%*4H.*4I0*A.NO\)=!_TPO_`%5ZIM5?ZB5,NG5#
M3=F92PB-:V57AUQ9.]>=[&Q(`Q^&#S06`.PI04H%*4H%*C&O]03=-6!5S@P!
M,=2ZA!;.[`23R3MYJK5]:;X@97IZ(D>TNN#_`&4%WR[?`FD&9!C2"!@>,TE>
M/K%?4.'$A-^%#BLQV^^QEL('U"O.SW537%QFE-K++1<(2W';CI<P3V&2/ZZ]
M$P%/+@QER1A]322X,8];`S^N@B_4V=%9TA>(CCX#[L)XH;')4`@D]NPQYULM
M#%LZ+L!:3M1\'Q\`'./O::TW4K3L*?IZ\W/'ASF[>\D/%Q0`0$*R"!WX)K[M
M4:1(Z6VR/;WE,/*M;`0L$CGPT\\<CZ*":4K3:25*7IRWJF[_`$@M#?OSNSD]
M\^=;F@4I2@5PHA(*E$`#N37-8=VA)N-ND05.K:#R"C>@\ISYT&8"",@Y%*Q+
M7#%OM\>$EUQT,HVA;ARI7O-9=!5W5925:KT&TE:5.?"#JO"W8./!//'-6C5-
M6^2)W6=YRZQ@Y<HUO_N5M(0I*49<P`?YQYY]]6?!EW6;:WGEV_T"800TU(4%
M`'R*MI/'S4&9<H3%Q@OPI"$J:=24D*2"![#@^P\UQ:H8M]LAP$N%P1F4-!:@
M`5;0!G`^:M9IFX7&6JX1KH(WI,-_P5%C=M5ZJ59&1_E5OJ#&,&&9@FF*R90&
MT/;!N`^?O632E!'[]>&(EQ@VF3;U269YV%1`*!W."#W[5IAH%EFZ&?$NTI@%
MX.>$WA*0D'.SCR\L5-7667B@NM(<*#N3N2#M/M'L-=E!2&MH2=/ZALB'KX\^
M\ETR8ZI*5*4VO"DD@X((VY&WZ<>=7+;I;4V"Q+96I3+J0I"UIVE0/8X/(^8U
M6/5MV-<;[IFRQ6!)N:9A>V@J"FD!"_6XXQGCGS-2N#\%:CE,N+5+8EVA8\2,
MF2I"6UY[+"3A>-OGD=Z"6$`D$@'';W5C7&=&MT54J6I:6D]RAM2S]20362"%
M#*2"/:*YH,"SW6%>(@EP72MHDCD$$'/F#VJBOX2LYZ/8O@IV\J?7+FM.-PRR
M$AEL!PYW`<\X&"?*KUMS3L5I\R(\-C*BK^Y@0".>59`YKS7UUN\&[QHEU1X?
MI#%V#+>Q:B'(X2HH60>Q)S0>CK%:FK7'"&E*PIMI.W/JIV-A''U5L5(3XJ5^
M$"KD;\#*:AFE-9OW:6Y'N%O$-(07$NY(1C(')5CS-3>@ISJVMMGJ#H*0MPC9
M+Y"$!:\85R!W-6*_/M;.GEWE;#3#3[&X^*WC.X<!6!GG.*KCJUN9ZAZ(F17&
MW)S+Q+4139R]W[+`X^;-6-+F-C3#,F[VS?XB&PY$2D*VJ40,`'V$T$>MEU],
ML[#&CA";G,N^))CH0H-J1SD;E#VD'VU-8,A]_P`9+\93*FEE&XD;7.W*?/'/
MG51ZH7:TI6;&[,MCL<`+0@*;2_D9."GG<#QSQP?=63HF\7%[485&3.ELO##R
M772I+7?E.3C_`&T$]^+B!JY6H4OD;V`VMO'=0Q@_-@5GW6YVJQL*F7!YN,A:
M@"K;E2S\P&36RK5WNW6BXI8:NJ&5$*/A;U!)R<9VGO[.U!L([S4EAN0RH*:<
M2%)5[01D5V5%+S=;K9)\"%;K`N5;/#/BNMJ]9`&``!GD_/[*WEGN#EQBJ?<@
MR(9"]H0_C<>!SP3QS013J?WT?_TEA?\`SU.1VJ!]4'6@]HU@N(#JM1PU)05#
M<0-^2![.14]':@I'K'HVXVNY-]3-%@LW>#]\G,MCA]L#E>//CA0\T\]QS8W3
M[5]OUKIN/>8.$+/J2&,Y+#H[I/M'F#Y@BI.H!0((R#W!KSO>6'NB_4AF]0D*
M&C;XYX<EE(R(ZLY(`_R<E2?:G<GRH/1-*^&'6GV6WV7$N-.)"D+2<A0(R"#[
M,5]T"E*4$-ZC?Q.F_P#I!!_M*F(["H=U'_B=-_\`2"#_`&E3(=A0*4I0*4I0
M*4I00;JG_>_3W_2*W?VXJ<U!NJ?][]/?](K=_;BIS0*4I0*4I0*4I0:+7'^!
M>HOZ-D_V2J:'_P`"]/?T;&_LDTUQ_@7J+^C9/]DJFA_\"]/?T;&_LDT&]I2E
M`I2E!".KZBC0DI2<9],A=QG_`.M-5-Q4&ZQ?X!RO^>0?];:J<B@4I7"R4I)"
M2HCR'G08EVN#%JMLFXR2`S';+BO6"<X';)(&:I72-K;ZJ7.[ZDU)ITKL;Z4M
MVX29"@I(3NR0E*LISE.2._D3BDINZ]9+B_#5</@K3=OE!+T(#<]((`.5*'JD
M9.,`D#`/<5=5JM\6U6Z-;H2"B-';#;:2K.$@8`S0=D"%$M\1N)"C-1X[8PAM
MI`2E(]P%9%*4"E*4"E*4"M5JE;;>FKNX]M\-,1TJW#(QM.<BMK4=U@B?\&3'
MF7$+@HA2/2(Q0"IW[V=H2?G[T$>Z$E*NE]H4G&TN22,>STARIC.N$B+-CQT6
MR0^TZ<%Y"D[4?."<U#>A:L=+;2O81A<H[?9_=#G%;C3^H[E=[W)C_!:F8#7'
MBK!"@><?7[J"5K2%)*3G!]AQ7-*4"E*4%._P@77;+%TUJZ)A4RV7$!"%GU2%
M(43GZA5P(.4)/M`JC/X1-WA7.W(TE&ARYEW9>1+2VP@JV#:1N/N]?]=2A75N
MT,2/1';)>TNI5L/]QJ(!P/,#%!9M*K0=7K!OV+MMX00<',)SCZDU\-]8;"M*
M2;5>DD_@F$YD?JH+.I55?=*OUUG*3I31%QN,)A.)#KV&"%GE(2%D9'"L_163
M\<NH//\`]&<WW?W4S]N@LRL"[6BUWB/Z/=;?&F-<X2^V%[<C!(SV./,55K?5
M'5"K\K3QT#)-W2R7S&$EO(1QSG=C\(>?G6W^.6O<C_Z,Y^,<_P!U,]_^_0:#
MI[<+7T_O.H]-W^6_;@J4IZVM275N-F("K9L420,`IR,[NV:N.+)CRV4OQGFW
MFE#(6VH*!^D545]GZDU'$<B7WI"]*;6@MA1?8*T)5WVJWY2>W(K2:`N%UZ?W
M=V!=M*S[38;I*VQ/&EAY$7"!ZI.XXR?,^V@OZE:Q-^LR[I\$HN494_:%^`'!
MN(/8ULZ!2E*!2E*!2E*!7-<5S0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4I0*4
MI0*4I0*4I0<4I2@5!?\`[:?_`,M__K53JH+_`/;3_P#EO_\`6J"=4I2@5!^K
M$6[NZ67+LT^7%D0U^,4QG"A3J<;=O'<<Y^BIQ5;:S@]0+K=I-LM<QB)99&U*
M7T`H=;&T%7KCGN"./(XH*7MNK]7QUN2FKK-EMH3L<1)6IYLA7&"E60<XK=R6
M=4:\2U'@6F.B(V/$"D,(9W$<'D>\GBKBT%HEK3%L>ARG6YBG'"O);&`/*I>Q
M'CQT)0PRVTA.0E*$@`9.3^N@JWI-H:Y:>F7)^]Q(Y\1+88/"RE22HDCV=Q5K
MTI0:36J2K1U_2!DFW2`![?O2JTFF-2V6U:<TM:[G<6(\Z1;F`TT<G=AM([XX
M^FMSKA24Z-O^\@`V^0.3W);5Q5,:!Z<7>^6>*_J'8RRN,R$/*)6\XCPT[>XX
MP,)'/8"@NV?<I+4N$W"CM2&75??E^,D%`\B!GGSK;U61Z2VI,NURV;@^AVWA
MD)RV%!0;7N]O&>WNJS:!2E*!7!4E/<@?.:YK2WNQ)NJU+5-D,Y86T$H5ZH*L
M85CVC'ZZ#=`YY%*T^FK?/MEN,.?,$M2%GPG//9@8S[\YK<4%8N6]B/UOC.18
MS+"#:$J64)"=ZBMWV=SVJ>W>/<7TPQ;I28Y1*0M\J&=[0SN2/>>*K=JYP+IU
MS8,9[)8M*4<^:M[N1]1JV:#K:9::4XIMM"5.*W.%*<%:L`9/M.`/JKLJ-VRZ
MWWX35;[G97=OB*"9;&"SM"<CO@\]NW>M;]T"WM7)^'-B2(R&EK;\18P"4G%!
M-J5I&M01E7]5E6VMMTM^(VLCU5I]H-9<2[0I9EAIWB*HH=4H8`()!Y^B@V%=
M$U];$*1(887)<;;4I++9&YP@<)&2!D]N2*KN9J2\NZAO4.VCTQI+6([3:?E$
MA()"NV1DGZ*^K3.NMCL+L",E^Y7Y*T..0W5>NA"\Y/?D#%!JC=4M]4UWN:W(
MB,M6+[XRX!O0?'QM."<]P>]2NRR[%J&!.8M*S`FRVLO%I.UQ"B#S[#C)]U4W
M>95Y&MIOP]'=3(=M0:2I0"0/OX5P,]O*IWHALV.W2=0+@KEEPA#"6\>(E/.2
M<G`SQV/E0;JZ6W5EF@LF!>4.Q(S9\0NI]=9W$YX'OQ6I>ZA3TNVU]^*XPVG)
M?0V@'QDG&-N[S[_76S3U/MY.%6Z0.<$`CC]=?5PO-MU/$<MS<=,26$[HBID<
M+S\W<)SQZP[4&-K+5WI.G8:K5+4T[*<(=#:3N2WR.^.#G`X_JJH.L=N?M6DD
M0UP2C$MI[TEQ("U^JM.!C\'GSY]U6=I^*O3-Q2JZ76*ZT^THH99<4M.[=C.,
M8[U%>L<>[R=*ROA:XLRW'&$*81#>*F@6SN4I23CDCS]U!:\9=FU3H>-*>^_1
M'&$+46`0<C!(';S%;&W:GM4Z1#AQW5^DR&0\&'$*"PDC.2>WD<\U`>D-_N=[
MT7IVWQ+>M$)J*8TF8I93M*,I]3&<GA/?'<U/%NL6BTMQ;<3<)T9KPFD+="WG
M"D>9/)/MH(=U"M<Z5U)T)/80I<:-)/B^O@)X5SC/-6<\TEYA;2NRDD9]GOJH
M.HBWAU.Z</NEQO<]AQ.[U0HA601[:MYUM,B,XUO6E+B"DJ;5M4,C&01V/OH,
M*X6:'<+:Y`DH)2XV&U.)X7P!SGN#Q779+#`LI?\`0$%"7CDI)SCZ:AVI-62;
M`MVQVI"G7(;.YR1,=+BR3@@#/RSA7F17WHS45RU$B=%DRUH<;C84M+"4)0HA
M0W!05G]7E06!(\4LN!A20[CU2KL#5/WM;K"E/:IN@>OL=87#:9'J-\\+*<`=
MQSCR%;.?=;GHU,"$J\1YZ5*5(D./+*Y#PR<-H3VQ@@[BKRQBH??+RSJ"\MRY
M$816W-C;VUPKPG=RH<#!P3]5!8=HFWV]1K-?7)[<>&VZH3&4G:%;24[LXY![
MX/MK?WFTS;E.@3(EYD1F6%I4MEI6$N@'G)'?/;%0JYWK2RH$'2L1?B6I[(?E
M)=VAGWGCDD^5=VG[I:-,E!1J!ZY0'R&&&F_D1\'.2"<`<^5!F:DMT.X=6=*&
M8PEWT6WS)+.?P'$N,[5?1DU8506>XV]U4TVZTL+;79YI2H'((\1BIU0*T.M-
M-0=6Z;FV*>,-R$>HYC):<'R5CW@_JR/.M]6F@_#R;Y-3-5&7;"`J-X8(4GGL
MH^9H*NZ!ZBG1C<NG6H"4W6R+4&`H_*9!P4@^822"/\E0]E755$=<[;)TMJ.Q
M]4;,T?&BO(8GI3P'$=DE7SIR@GWIJ[+5/BW6VQ+E"<#D64TEYI0\TJ&1_709
M=*4H(;U'_B=-_P#2"#_:5,AV%0WJ/_$Z;_Z00?[2ID.PH%*4H%*4H%*4H(-U
M3_O?I[_I%;O[<5.:@W5/^]^GO^D5N_MQ4YH%*4H%*4H%*4H-%KC_``+U%_1L
MG^R530_^!>GOZ-C?V2::X_P+U%_1LG^R530_^!>GOZ-C?V2:#>TI2@4I2@@W
M6+_`.5_SR#_K;53D5`.L\F.SHE4=UY"'9$Z&EI!/*R)+1('T`FI^*!7RHD8P
MDG)QQY>^OJE!4N@&EZ'U'+TW?$H2Y='E/P9#"<,N#'*-H^0KU5'`&.,YR:MJ
MHOK^S"ZV%QUDRDSH>9$5<5>UP.`'`S[#V(\P36KZ5:U;U99`U,<V7R%AJ?'4
MG:I+@X)P/(D*Q\U!/*4I0*4I0*4I0*UNHLFP7,`X/HSF.<?@GS':ME6GU<,Z
M5O(`R3">X"MN?4/GY4$5Z&?R96K/_P`:5YY_^L.58(2!G`QDY-5]T+65],+.
MHI2D[Y`P/<^Y5A4"E*4"E*4%3WUU>GNMUDN"P7FK]$7`2!@>"H%LY]^=E6O]
M?UU4'5!+0ZK]-'E.@+$EU(1CN#CG^KZZM\=A0<X^?ZZ8^?ZZ4H&*8'LI44ZC
M3=30-,2I&E8#<R>!C85'>`2!E`QR1DGDCM]%!3^JM2Q-#=?I]_N\26[#DVY#
M#0C)2M:E;&_(J''%6CISJ;IG4<6&[:S)<>D+*%1BV`XP1_/YQ]1/>O*:;/JB
MZZPB0;W-DQM0RW$>"_-=7N:5QL"C@D`@C!'8"O1/1#IL_H^)/FWM+:[K)7L!
M0HJ1X0P1P0/6W9Y]F*"W<#V5JM1V&VZDM#]GNS*G8;Q25I0LH.4J"AA0Y'(%
M;6E!YYC:&CO=6VDZ9C>`S87XK\Q^7-><>>0K=E*<Y&!L]H\J]##@`55$ZZ1M
M$]4G7[A.+5LO["4J+R/5;>;/JX5GL=ZL_,.]6;`GPKC'1)@RFI#*QE*VU9!'
M:@RJ4I0*4I0*4I0*YKBN:!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E
M*!2E*#BE*4"H+_\`;3_^6_\`]:J=57D>;$D];9+4>2TXY%T^&GTI4"6E^D!6
MU7L."#]-!8=*^=Z/YR?KKG(]HH.:5QD>T4R/:*#FE*4"E*4$'ZM)2O3$5"P%
M)5=K>"#YCTENINA*4I"4@!(X`'E4+ZJI4K3<0)!)^%[?V_YRW4UH%*4H.,CV
MBN:UDJRPI,>6PXE83*7XCA2<'/&,'Z*S8L=N+&:CM`[&TA(SW./;[Z#&@SS*
M=G-J86CT9XM`_P#Q,`'(^NL+3M\7>';@A4-R/Z*]X8W]U\GG]5:.\/('4BSL
MH4_XGHY4M*#ZNWU\$CYZG``'8"@4I2@JGT%B/UV9+,*,UFU)62V/6Y6Z-Q]A
M/:K6JJ6%W%771*;@Q'!39T%HM*)VH\1W!/'?O5GB7%,HQ!(;,@)W%K=ZP'MQ
M0=%WN42T0';A-44L-XW$#)Y(`_6:T4VVV;6T*),0LEEMPY4$X4H#NC/E6\N]
MKBW>+Z+,"E-;@HA)QG!!P?=Q68RTTPRAEEM+;2$A*4)&`D#L!0:+54:Z/VY,
M6VEIMG'WYQ2R%A(&?5&.^0*T>G94*]V"9IQNYRWI):4AQ]]OEO<.V,^6.U3R
MN``.P`H-39[5$T[:#%B!:FFDE9R<DG&:C&C):+]J&Y7MRS!LI`8:E*.2`G<"
MD`]CVS4^K"N%QA6U+*I3J6@\XEI';E1.!05?J6V-SNI,XR[<_,83:`06?5<1
M]^'R3[///SUO+78M.ZDT@U!MTE]#*5ET%2MRD.$YY![C([5"[G?Y`ZHIN2EW
M)MAF&4&*XWPRYN/JXSWVG=CV'-:Z)=7H]^3/:G/#<\'%N+3\LYR=PSV^F@EU
MZZ>L18K"(5S0J8`=X?.P.<GD=\>0Q6):=3*LEENEDNR%/R4(4PRTXCQ$IP"-
MB^?D]N/GJ/SY9O%R"[M++;F[:%I:R,$Y"CSSP<8]E9;Z8<%J7:A"$Y]3JSZ4
MS][5X0[%/?`//U4'7I.ZFVO39"I#+(+9*&5J*6U+/'8#R!(%=^G(^F%6I,>[
MVUU:YRE10ILY">`-W^3G=[^U:6>ZP^MLPHICE2-JVTKW9Q[L#V9KFR0KE,G-
M&VQG'GFEI7ZJ20GG@GW4&IZ8ZINFE+/J'1B`&Y\2X%2%.CE"#ZJL)\^4)_[U
M;E-V+<@RH\1IF6XI2GY23]]<W#"@%8]48SP,]ZAVNF9M@ZI-7&YOQU&Z)2B0
M8ZMP2K`3S[#PDU)Y$<1765K0ZJ.X=R"M.PN#SQW\J#9ZBN[-YN&G;J4OMS;0
M20`X?6Y./6[]C[*WNE]9SK1;U1Y:7YSSJT".EP\')P25?-CBJ[DL2USV'HTE
M#4)!/B,K]9:^>!GCC'G6X9EI9=B%S,MA@ASP'1A(5YCYN!S0;W7%SMMZOT=4
M0-M*"0W)?QZJEX&>?/;C;]%1J-(?C%WP'5(#S:FG0D\.((((/M&"?KK9_"R(
M5U7<K2CPRZ=Q9=3N2C/=/EN&>1VQP.>]8;,-M^,I:'U&45!*(_A?QASS@YYQ
M\U!N-)PK%.EQ5W:1X3C(\/T=*?\`WD#Y&3[$I&,5N!IZU:DCR+W90_&A,H*?
M1F8R<E8&?5&1GN/96EL]LND%J/J&/;C/]'E>&J(E&Y:<`Y4?9@C'TU)-0:LO
MUBE3+6&(C;BG`ZRZA)(2WP-N/;P?KH*X1E:G=J5_>R=P(P4@'S'D?;6T4[#>
MM+;"I;B)3))#*D>J1COG/?Z*F]DU[;4PD(NL(NREJ4''&FA@@GCSY\JZ=56)
MF)J0W>ZEAJSE06$-K^^N$<A*4XP3VSSVH(EHZX71/433J4J4Y%1'?CG=R$)6
MM!('O.*O*[W";$DV]B';E2A)=*'%A6`RD)SN/]54E>9NF9?4'1=QMT=MA;3R
MTF(6AXCBBM.U20#\K@_75KWNYJM>H6'@_*E)<80@V^.G>494?OI&>`<XS_DT
M$KI7`.0#@CYZYH-5J:RQ=16"X62:G+$QE32C_-)[*'O!P?HJJOX.5XDMVN\:
M)NBBFX6*4I*4*[ALJ(('N"PK_O"KJJA-2@:*_A"V:\H/AP-1M>COXX!<.$'_
M`,0:5])H+[I2E!#>H_\`$Z;_`.D$'^TJ9#L*KWJO<51$:?9C0W[A-3<F9C<&
M,G<\ZAE0*RD>[<,_/75]T>YXXZ=:K]W]Q?\`[:"QZ56XZCW8I3_]'&J@K\(&
M)P/;\]??W1KAC^3O5N<_XCY?706+2J[/4:X8!^YYJS/F/0?_`-M$]19Y"L]/
M-6@^7]P]_P!=!8E*K[[HDO<@?$#5VT@;S\'_`"?;CUN:Y^Z)*]7_`-@=7Y.<
M_P"YW;GC\*@YZOL"39;+&+KK0=OUO1XC*]BT9>`RE0[$>1K-^(C7Y5:K_2[E
M0'7.KY-XN>D83FF[];$&^159G1_!;<(<3MYR>0?*KP'OH(;\1&ORJU7^EW*?
M$1K\JM5_I=RIE2@AOQ$:_*K5?Z7<I\1&ORJU7^EW*F5*"&_$1K\JM5_I=RGQ
M$:_*K5?Z7<J94H*UU?HIJ/I.^/C4VIW"W`D+V.W5:D*PVHX(\Q[JENASG1>G
MC_FV-_9)J.=;IK\/IM>UQ774.EM*#X)];:H[3GW8SGW5)-$\:-T__1T;^R30
M;RE*4"E*4%/=;GHPGZ<;?5!>V3&U!B0LI4C*@-Z<`Y]GT5<(JANNUCB6ABUW
M>,E]QQVYMK>27,D@*2<(3CDY';-3=74^(A12K2&K@KG@VOV?]:@L*E132&MH
M&J)DV"Q;KG!EP@DO-3H_A$9[>9]U2N@X4`I)2H`@C!!\ZJ35%I?T+J5K6-@M
M.++ZRKPS$7A2TGNYL[**<J/?SJW*$9[T&GTYJ2R:EB+EV2X,S&6U!#A;/R%8
M!VGWX-;BJ"N&AKGT[U`]KBSO/RXWI69-L@-EH*C;><X)[*];&.<>57/IN^0-
M06:/=[=)2]&?&Y)X!1Y[5#)PH9P1[:#;4KY"T'LI/UU]4"E:FWZCL5R3*5`N
M\.2(JBE_PG0KPR.X/LJ)/=5+.DNKC6+4<V*@G;+BP/$9=3_.2K=RD^V@L.M1
MJR,[,TO>8C#2W7GX3S:&T'"E**"``?(UHK'U+T;>(;4AN\L177"I/HLM:6WD
ME.<A2,G!P"?FKNTOU!TIJ>4N':[HTJ4'5MH8<4$N.A(R5I3DY3CL?<:"/_P?
MY<9?3F';6W@9=O>?:E,Y]9E1>60%>_!S5G5YVZ1G5TVXZQD:;F6V+'%S(<;F
M,J=4M8!`P0I.!CW&K(5"ZK`>K?M.$^^W+_>T%@TJO1"ZL<YOFG/T>O\`>43"
MZL$`JOFG`?,"WK/_`/LH+"I5=JA]6PDE-ZTT3Y#T!8S_`/I*&'U:SQ>M-D<?
M_4%_3_OE!INIR4_=3Z:KVC<);HS[L"K<'850FHV=5-=3NGQU3,M,APS'`QZ$
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MFO.^G=57#IOJ238+G>UZDLP*0Y*0H[H9&=^4Y/`\^?*I9+ZW6%M+;D*W3YJ7
M$$^&AL!QI0SZJTY..!G/L(XH+<I44T'K2W:PL;%R8"8SZQ]\BK<!4@_[1[#C
MFI6"",@Y%`I2E`KFN*YH%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H
M%*4H.*4I0#V-519M&Z8U)J[6\J^66+.?:NB&T+=!)2GT9HXX/M)JUSV-0G0O
M^$NO/Z81_JK-!C2NDVB'`RN!:A:I3+J'FI4!7ANH4DY&"<CO[JS?B2]^6VK/
MSUO]W4RI00WXD/?EMJS\];_=T^)#_P"6VK/SUO\`=U,J4$'AZ<UO;P\S$UPS
M(C*=4MHW*VF0\A)[)*TNH!QC^:*R/@O7_P"5UF_0BOW]3"N%$)25*(``R2?*
M@B'P7K_\KK-^A%?OZT;DK7R-91],_&2SDO6YR=Z1\#JXV.(1LV^-Y[\YSY=J
ML>-(8E1VY,9YMYAU(4AQM04E8/8@CN*@5M?^%^KDR;$0YZ/:+8NWR5+XP\XM
MMU(2/,;0>:!?M)ZTOD%$.9JZU^&A]J0GP[,I)WMK"T\^.>,I&:P;#>]37^?-
MMT#55M3)B+4E[Q+&L!*DG:0/O_//.:M"L>-#BQ5N+CQVVE.JW+*4X*C[301=
M5MU^4G;JJS`@8&;,H[C[?X_BL#T[J;:Y+T=RRVF_LJ*"U*:D^@;?5]8%!#F<
M'SS]%3^NB/%CQBX6&@@N*W+QYGVT$-^'>HOY!6W]/#]U7P=0=10O;]SZ!_QO
MAT8_LJGE8-Y@BYVN5`+I:\=&S>GNF@@C.I=</GX1B]/K=("T!*7V;ZE06C.1
M@^%R,YKM3J'J,E86K1,996#_`'.)^T('M\79@_-@5W7^=$M-N3I>R7%<>>AK
M*%;?$`2.5!1'8X!X^:LO2%HOD&6EZ3=ER;:M@*0VKS6H`DX\N<_708$3J4V(
M"'KMI;4,.2E!4^VU`6\VT1R<.``*`'.<5\L]5;-*CLR85EU#(8=(*7$6U924
M^T'SK&UU8Y;\FX26_2DM)CJ=*TK]3;@[D@8X(`)KKZ&1W#I%EUM^2NVE2C';
MEMX7R3DY\Q[/=0:B7J.$KJ+'U<U;;J]'%N1$\'T-0=R%K.Y*>ZOE_J-;5>J]
M."_JOAL.JA."`E0%L7MP`,$CZ*LK?"$D1MS`D;=X;XW;?;COC@UI=20[P^J)
M\&-15AISQ5>(=O(/JCWC!.:#3_=+M//^XVHN#@_[F+]E$]2;6M02BQ:D4?=:
MG*FS;2=B=[;>[`W82,9KZ\-L=FT_]T4$,@=4=!S(C4GXS0(Q6#]YE.AIQ&"1
MA23R#Q66KJ'H9)2%:MM`*@",RD\@UN7K%9GW/$=M<1:S^$6AFOA6G;$KO:89
MXQ_%"@TXZC:$/;5UG_.TUKKEJSIM<ID.5,U19W5Q-Q;29:=H)QR1[1@8J4?%
MVP_BB'_HA7!TW8"03:(?'_W0H**,W1,GJ,^A[6,8V40_%*W922EQS?C`7VSC
MR]@KHO,W2[=Y0(FH[(F%(?VH\.8EP-)R.5=L#FIUKJQV1G6^AV&[8RA#LU8<
M#;8PI/@NG!'SBI1J"W:;M,=HFR1`MX^$VL,@A"CP"?=S04]<[A:HY;=?O>G4
ML/\`#!BR@L)(.-X&>,XY//)-9#NKM.OSHIN%P@RG&T"+(>-P3M5Y$I5M[#D@
M^^MQ`BVRWWEZ:\B%)BE!+Z$I"MRMVT)0/(]C]%=\.TVZVWYEE$9NZ&2Z5/P_
M1?78`(Y5[QDYX%!#T7.Q(BR9BG`_'2YZCS4@-H2D*]N#\U6'HW4NF[K=Y1TY
M/BQY<MG#J$->(6UC/KJ5D;LD]L#L:P>H.EH-I(N4=IM$64XE"8B6]H00G))]
MO8\>^M9>F],7>/#CKLT=EI>V1(=AI/C`)Y*<I/'O-!H]8V)W5^GM0*\1Q5ZM
M[AF,LI1M#B&_56<<G)'8?-6-HF1;;MI>-<YCRC)6HL/-MM%:@IL`Y"L^KN!S
MC!XK<HTU:[NN-:-,1'5QTMJ?4S(D%)0H*QDJ[G(4?KJ'*T>C1O5:#9;@^N%:
M[LD*B.[]Z&U*XV*/&<*RG/O2:#-=;D?#D*2AQ2K8@D2(P7M+B<\$*\CV\JS`
MG*5*R./+/-=^HH,JU7*1;XC/PB^VL)0EE7\82,X\^1V^BNZ=IU*G[4T^U)3<
MG%Y2VZTIH-!6`._RO//LH,1EM3RDM--J6ZI6$A/.?=BI-9K4^]JA@W9MAP(=
M\23M.]+13@@JQC';@UK[YH^-;6)1U`E29JVBU%$>1\L$@G<,9VY'?YJCJ=/V
M]RY-7"V-2S,P0XR'"HK.,;L?A?-Y8H)8JXW;35[FR(OCQA(?<6VV\WZC[>XX
M4/:.V*UV+IJ:Z+)=$BXO_("SM3CV`^0'TUKY4"7$G.O3VI34EY*/5D`@A*1@
M8!["OF43-XFK<=!X40K:HCW$=C073%L>G)3#(ND2*[<(#;:'TH.=JMHP#[>U
M9'46`9VG'-CL=OPB""\G'<@#"L^J??@U1ENCQX<?T)EY]F.7=^Y:RX4\GD]B
MH\UQ+LFGG)B8T14\P4J'A>-)((.>"HGN`>:#;72)/TOK+0C[5M1+N,AM\%E@
MY"AXC>TE7S>>/.K+UA=U6VYVM^+;HK]\<;4'HP^^.AG"L8(Q@;L\X]HJMM<Z
M+19+79;Y-F2YR$RFF64P`H/-!P$E2#DY^3[.:[H%OL5UNEOLR[E>V;5$2?0W
MU2AXR'""%'=MX!'&#[Z"][3(<E6V,^]&5&6ML$M*[HX[5F56CO2&P/DN*OFH
MBI2-F\7#G;CD?)\Z[ATJM(;"/C#J4E)RE9GC<GRX]6@L6J;_`(3-K5(T+&O+
M&4R;3-;=2X.Z4J]4_P#BV'Z*W[G2JUN%).H]3#;C&+@.X\_D5H]6])[1'TEJ
M%<2YWMUTPW'D-/2]Z%.(3N'J[?:D4%FZ:NC=ZT];+NV04S(K;_'EN2"1]>:V
MF1[:\\='+9K6\=/X3EDUFW!AH<<9\!V*75-$*/`5N&!@@XQQFIQ\4>I2P4N=
M16@E1!)1`((QY`[^W']=!]ZO*3U=T,`=J@S,R2-P/#7'N^>K*V(W^)M&[&W/
MNJD=46G5]@ONG-0W75#%Q>9GIBL($0MI2AX@+"CN/<)3]578P`&4```8!XH.
MS%*4H&*4I0,4Q2E!6G6)`6O1R"<!5_B)(!QD%Q-64```!V'%5SU;.)&C-R5*
M;^'XN<>1\1.,U8]`I2E`I2E`I2E!6_7U#J^EUX#*RA0+9)!QD!8R/JJ5Z("4
MZ-L`2`!\'1SC_LDU#?X0^/N57;(S]\8_M!32VC9TK2MJ4=8:B:0Y!CN(2W*0
M`@EM)P!LX2,XQ\U!9^1[:9%08Z%FD[_COJ8+``!$M')\R?4YXKY3H*6A:'4Z
MWU.7`<G=+20?HV4$ZR/;4?TY<+W+FW1J[P/1F6GML5000'$<\Y\_*M2=#2_`
M2V-;:G"D\A7I:,Y\_P`#MBNE.@IP:2GX]:GW`$$^EHQ@_P#4H(Y_"#;WVW3:
MPE)"+JUE6W)3E21P?*K=5L0A2ED`#))->?\`K%8)5FC:>6_J6[W)+MT:2&YD
MA!2GUDG(`2"37H$#U2#S\]!4N@O%^[3U#'CI\'[Q]ZW<[MB/6Q[,<9JW*I+3
M]_L=@ZN:^D7F[P(277&$(2^M*%J(;1V)/(]U6&>H.B=I4G5-I7@`D)EMD@'Z
M?+S]E!*J5IK?J:P7*Y.VR#=HDB8TD*6RV\E2@..<`^\5N:")ZZT)8M;166;N
MVX%LG+;K2MJAWX]XY-5K>.G74.S663;M,ZL<GVW<E#5ND-A/WGD%!5GD8P#Q
MS[JO;-=2I$=+Z(RGVP^L$I;*AN('<@4%.Z7Z51H&F+?-F(D6G4L9IQYV;`D@
M+*\KPDY!!3M(J(6;6_5^Y:>M:85N9EQ;@RJ*W/905O-N`!/BK5G"2"H'D>5>
MB[J%&V2P@@*\%>"1D?)-5K_!S#1Z80=C+B,/O9\16[)R,D<#`]U!A6GH_;)N
MG[:]=(RK3J)MQ;DB5">W+<)*OE*Q@Y!SVXSCRJT;%9X%BM4:U6YGPXL=`0A)
MY.![3[:V-*"/7C1^FKQ%<BW"TQW6UG)XP<^VJ"ZGP]2Z>OULCVO33#5GLBA+
MMLIB*ITDH.X)6H*'\Q.[V`U?,IF;/U3%4S=FVX<1!6Y&:<!4M1X]8=P.>];^
M5&8EL.1Y+2'6G$E"T*&001@B@HWH??K5;HFI[G=;M%99E7)@>.ZL(2IU;.XH
M'OSN&/=5\52&L^A<2>RY\6KJ[;0IX/>BN>NSNP1P.,'GOD^=;'I]/OVF-4-]
M-[W<&;@$06WX<E#)24)&[<A1).>$<?/06]2E*!2E*"GNIX/W6^F9V\>D/>M_
MW>*N`=A50]3BK[J_31.X[?273M\L\<U8<G5FEX<PP)>H[4Q,2H(4P[+0EP*]
MFTG.:#>4K1S]6:6MT@QKAJ.U1'PD*+;\M"%8(R#@GL1S7?:=16"\N.-6B]V^
M>XVD*6F+)0Z4`\`D))Q0;6L>;"BSV?`F,(>:[[5CBLBF1[:"C]<RX;75C25C
MT_!8^$67`93J&RI4=LE!&1GE.#D_,.:N].=HSR<<\52EN0!_"<NJB4G-G!`S
MDCU6JNR@5\K6A&-Z@G.<9]W-<K4E"2M:@E(Y))P!5-2]1:YU@MRSVJR_![:%
M*1)<E)*04DX&#Q@XYQ0?=\U198_5:'<TW5E<:+;9+3A2X"D.$MX;)\B=I^JH
M+U`Z@OZM99BIB.0F&U94@2-Z7",X/R1S6JUMI)W2ER8MRIHG/.,*?7X31'AH
M3C)5R>/6'-:>U7Y5L1+=81"<9EM!IP/(W(VA0/'/!R*":=*4FWKONK3AU-FA
M+48Y./%W@\;O+Y/L/>N+=;9G4'5\^[MPGH<5]1>4MM/B!)#8`1NX[X'EYU9O
M1R;;'=%I<(MS"E/+\1#)&""?5)&3W]]24ZMT5`6J*=26.,M!PILS&D%/SC-!
MXQO%EU0_,#TW3[\%,IY##96TIM"%$X2@$]N^*]JZ(MCMFTE:;8^\X\ZQ'2%+
M<5N))YQGW9Q]%0+JQ?=%WC14\1M4VU4Z(DRXB8DYK>7FP5(P.2?6`X%6%I"2
M]+TM:),APN/.16U+61C<=HH-S2E*!7-<5S0*4I0*4I0*4I0*4I0*4I0*4I0*
M4I0*4I0*4I0*4I0*4I0<4I2@'L:A.A?\)=>?TPC_`%5FIL>QJ$Z%_P`)=>?T
MPC_56:";4I2@5BW&?#ML1<R=(;8CHQN<<5@#)P/UFLJOAYEI]LMO-(<0>Z5I
M!!^@T'TA25I"D*"DGD$'(-<]^#6,]+AQ768[TAEI;IVMH4L)*C[`*R:#A*4H
M2$H2$I`P`!@"H/HW_#WJ#_SV)_JC=3FH-H[_``]Z@_\`/8G^J-T$YI2E!U/2
M&&"@//-ME9PD*4!N/L%=M8LR!$FJ95*9#A95O;R2-I]O'S"LJ@Z9+*GFPA$A
MU@[@K>WC/!SCD'@]JULR%=A9IK$*YJ-P<W%A]U`(;).0,#&<#BMQ2@U5OMR5
M(CS;C$CBY@$N+;'`41@XY/E6U``&!VI2@UVH>;#<QG']RN_^@U!/X/S#T?I=
M:FWP0OQ'E#)SP7"1^JIMJF0Q%TW='Y+S;+28K@*W%!*02D@<GVGBHET+;DM]
M,[0):G%.'Q%`N-%L[2HE/!`XQC!\^]!+WIMK8O*V5\7`10X<))):!5_M!XK6
M625,O-S?N<:YYLY1X;3`:VJW^:CGD8(/?OFI"8S!D&26D%XH\,KQSM]GZS6+
M:(SD5I]#C##(4^XI"61@%)42">>Y'-!L*4I0*4I0*4I05MU``.OM!<?_`%Y?
MD3_O+OD*E6KKHNTVE4E%O,S)VE`'`'M-1#J&C/4+090IL.^F+`*R>WA.^0-6
M8I"5IVK2%)/D1F@CCVE[-<[6TV8IC!P)<)9.%`GGSS6).MB=/RFKK:K2[-6&
MO"=2E?K!(\P.Y)R<_,*F`````P!2@AU_M:+FR[<+Y+*+2AM+B(Y;*7([G`W!
M7M[C!'G592(D>\SVTZ?C3'E*`0X%#UB3_OBR```?/@=JNMR).>N#Y?D,KMKC
M6P1RCU@>.<_74(M=CO6DWKU)MML;D,!/]RJ4YN44C/<`Y/EQW-!KXTO4NEF;
M7;@S%6_ZY,-LI6ZL;CQQR1Y\5A=;[3.U3HJV/^A-1I31$A+CS@0MIPC'A@$C
MOV/O"3Y5F,:X85J*'/F6YMM:6BR^HH.]!)[CGCM6?U&U%;WX:(#+(?6K:XAQ
M23LQGR/GVH*+L.J7[PN"V^''[LXOP9&T86E21@+([G(')XP>_<5Z+L#UMN%N
M8F,O1W]1-04HWJ7DA>TX!YQWKS'?&I.F=1P]9VEE!4R\''FR,I"NV['L.?K^
M>K:Z<7&PW%MZX.1_&E-,JEQWDK*#P"2D@''X.,$4&UU7+U%(4Y;KU`3X:&TE
ME?@J(6_@<(6#@GE7'/;W5IM,V^6W<77%H7'4S#7(*E#"FDE*L**3SGU3Q[JF
MUSEW35=MC&TSHT:2EOQ5Q%`>)O\`P<*/`X-9FE$1F[([I^6VR_>&&"F1'#@4
M3D'"2O/8\^?G05<[$N,MU%RNBGVXKSB6Q,>:/WSU24D#CN!GW5JAG'(P?94Y
MU7+O#FG(S"[.;?!:D%L)SD>KN&,')'N/8^7>HLW:I3MI7=6]ACMNEM>Y020<
M#&,]^_8=J#7(QO2UORM1]5.>3]%3@Z#ELV1RYR;HU$1X96MIUDYX[)SD8)-;
MO0_P+>K`FT-J<CS65*6IP!!</))(44GCGZ*YN^N5>BW.W3+:IMX-`-AU!`7D
MXS@_7]%!4.IKC.$"U,MN.N0V+DPYX:CZH(W<D]P*W2V&T1VYS[A=:=!!\)Q*
M%H6!D@@YXQCGM6HN$<S6$L>,MI`=2Z?#QSC/'(/MJ06`M1G/3?6D24DHC1$(
MW>(LC&5<$;>?U4%PZ5N]J,&!;&YJ#+]'2OP5N`K(P.?UU)JJI3:;%K"W7B]O
M1H[DN.E*V6TX#*DA(//D,YJ=V"]HO#EP2AM*$QI!:2=X.].`=V!Y<_JH-A*F
M)CNL-%E]PO+"06VRH)]ZB!P/GKLEM!^*\R>SB%)/'M&*^WG$LM+=6%%*!DA*
M2H_4.]=,*6B9#;EH0XVA8)VNH*5#!\P>1VH*;_@MNJ&B+I$7NRQ=%C!\LMHX
M_4:NVJ0_@P*"]-ZA<2<I5=ED'VC8FKOH*^ZN%OX.L:75J2V;Q$)"1N*L+[!/
M<_14^9QX2,=MH[_-4%ZI\(TR<)61>XNU!(&Y6_CD^7MJ=H^0GC'`H/JE*4"E
M*4"E*4%8]9/$5(T4VEI2D*O\4*7GU4_?$XR//-6:!@`>RJQZU[VXVF)90OT>
M+>8[[[@0I26T)6DE2L=@`#S5EQW$/,-.MJ"D+0%)4.Q!&0:#LI2E`I2E`I2E
M!67\(5!<Z5W8!)5A;)P/<X#4RT5_@=8/Z.C_`-DFH;_"$)'2N[X)'KL_V@J8
M:)4#I"PI&<IMT;/'_P!TF@WM*4H%*4H*9_A$#,32GJI_OLWZQ/*>4]JN1LY2
M>_!(Y&,U3?\`"+<;9MVF7G7PTANZ(4H%.0H`I)Y\L=ZM"PZALVH&WW+/<&)B
M&5['"TL':><?7B@RWK=`?>\9Z&PX[C&]38)K$FZ=L<Z&Y"E6N,Y'<2$+1L`R
M!Y9'-;:E!79Z66>)=F+EI^XW"PK:C&/M@J00I)45<EQ*O,UE)T-<_#+2]>ZB
M6A?#@)8Y'N^]<&IU2@KR;I:;;XSLFX=1;ZVU^$X?1P2,<`?>OZN:K5ZZ7IC7
MD6!IZZW.^2'H@6F9(6TDMM@#>`@('(!''<^5>A9L*+.9\"6PEYK.=JNU4VW%
M:B?PCXS<=M#;/P0O:A'D=HSQ02%&H.H9MGHS^@%2%EM25/\`PJR@K!R`=N.#
MV.*SNC-AN.F]"Q;7=(`ARD.N*+8=#F03PHD<9/LJ>TH%*5I5-WOXSH=2Z/@8
MQ\*1D9#G//M]E!VP['"AWF5=V2X)$E`0M)5ZH`QV'T5M:4H%5&^^IO\`A%,,
MB.XM+MG1EU/R6\>*>>//L.15N54;PD?_`+Q+);\3P!9D>)A20G_?<9!Y//LH
M+<I2E`I2E!&=5Z*L.JI,*3=V7%NPMW@J;<*2G=C/;YA4>NN@M+Z?T3J%,"VI
M*O1)#X<=45K"_"/.3SY"K'K2:T!5HZ_I&,FW2!R<?[TJ@KOH_H331TK!O3T+
MTF7-8275/$J'8=L]JE5\Z?6F6IF;9EKLEWC@^!,B8RG((P4G(4,$]QYU]=)4
M%OI[9$*SD1T^8/D/,5,Z"M9D'JP]'3;F+Q:&6CALSQ&)?`Q@KQOVY/?&VL6P
M:2ZCNQ'#?>H4YF2'"$",RQM*,#!.4'G.:M2E!0UJML[2'6>1>=47HR8;]L4V
MU/E%"%.J'A^KM2!VQC.*N.V7^UW6`NXV^4V]#:*@ZZ#@-[1DY^BJLZY:*U%J
MV^Z9-E;PRQXJ7WO$"?"W*1@X/?L:Q%6_J;I'3PLL.T62X6]Y#K;AAI6EXE2"
M-Y*EXSR!V\J#`ZF]:K!,L-TL=G8=F>DI7%<D)44I2DY&Y)QSGN*W'0"+:K)9
MF1)O4==WO""^F,J6EQ2D))&4`')`VG/?L:J+1ME@M7IS3C]Z<@HG1TL2$+90
MXI$K&%)P4D@9*L$=O,U&=)R;8B_P;;=A(%O;?6EV4PM0=;SE*0A2?DI)(R,>
M9H+1ZUWA-QUKZ#:71*7(AN0$[?O:$K5M"O7/"N0.!VK&L-EE1;26GO[F"SO7
M;V"DMG'X)4H$\X[@CO5CW7I3IJ)%9NUBF?!DIMLE$B8]N95D`_?`KGG&200:
MT3[:6G5-HD-2$IX\5HY2OWCW4%>MF#>-11V(T1K3T5UY,5Y"72IIA:3A:MQ/
M(!]]>@V^E^A'8K<>596):]H*G'%JWK]Y((KS5J.\R](ZN=GQXJ9+BTI<85+;
MRT%<E7`P#MR,?KS5A)_A'QTI1_[.N;@D`GQ$^R@^=6]/E18NK[K+T];(=K9B
M/"&4+5N^]I7X2P-^0H\$YX/LJ\-"*"M&V10``,-O@?-5`:DZ\0M06"X6=ZR/
M,IE1W&RK>#G*2`/UUZ'TB`-+VC``'HC6`/(;10;BE*4"N:XKF@4I2@4I2@4I
M2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@XI2E`JO.B,*.SH2-<$)69=Q>=?
ME.K<4LNK#BD`\DX]5*1Q[*L.H+T7_DULO_;_`-NY03JE*4"E*4'6XPPZM"W&
M6UK0<I4I()2?=[*[*4H!JO.C$&,UI9^ZI2LS;C/E+E.K<4HN%#[C:.YXPE('
M'LJPS4&Z._X!Q?\`GD[_`%MV@G-*4H%*4H%*4H%*P;U!<N5L?A-3'HBW0`'F
M2`M/.>,_561#95'B,,*<4XIMM*"M1R58&,F@A/6MQ+73"_K4K:`T@9VA7=:1
MV(J0:)_P-T__`$=&_LDU&NN@STMOH"0K(9&"<`_?4<5*M))*=+65)0E!$%@;
M4JR$_>T\`^=!VZ@MR[M:)$!N2N,MT##J"04X(/E\U::,^YI:,XJ^W0JMR`RS
M'66RI17L.[.!GDBI74?UK9'K_8UPH[H;>2L.HW=E$`X!]W-!OFUI=;2X@Y2H
M9!]HKZJO=%WUR!X.GK\AV+."#X+KBLI6C)/*B<9X/T8K+M.I6XVH9MJN%S?E
M(4K<R^MM"6FP2<(W)`S]/LH)O2NMEUM]I+K2PMM790[&NR@4K77.]6RUQVY$
MV6AMIQP-((!5N4?(`9K8)(4D*'8T%:=0$;^H>@@4!:?3%\=C_$N^=68.U5EK
MATN=3=#,,[75-2%N.(1RI`\)T9/L'/G5FCM0*4I0*Z9;WH\5Z1L6YX:"O8@9
M*L#L![:[J4%::M3:[SIIB[(@F/<'U*:80H86<*.1@=_DD\U`?@]YUIF,I"FI
M3?B+7XBL#PPG(P#Y<'M5N:\FP;1:67UP&WG@]B.D@I2A9!R21@CC=V]M0&,J
MQ.2FT(<FJN,E!9RKUV6"L;=@)RHI&>#S00J0RT\PIIT)=;<24K01QCV&H9'=
MD:*O;-O>?4O3LI]+J7#G[V>`2<<\`<CS'.,U)]>6F7I[7=BMIF*6EQ!2I+1(
M2HYR,@]QCSK[N$*+<8CD26V%M+'(\P?(@^1H+3U'?+/"$*[626Q(NC,=,=*&
MB"R`0%>(2/E#@`8/G6QT=JQF0N,W=6VFIKZUMF0E"4^*0!C=QD'FO/VDKTUH
M.\(MNI;8FX6=QT+CR<J!9[\@`X(YY2<X[CWW/;Y6BS(@/"+/N+TQ;<AMSL&P
M5#:K"2`1D>6>U!(KO+:O*7;3J.`Y$:,T-1I"%E(R4J*5Y['@'CMS597MH6^9
M*MD62MZ"AWU%E:5!S@>MZO'_`/2KSO\`9(=_@IC2E.)0DAQI2#M+:\8"A[\$
MC!XYJCM3VM=FN[UO(`;0<M$'.Y/M/L/?ZJ!I>\.V*[MSF60[ZI0M'FI)[X]_
M`K,NT>3<(3NI9,IEU<A[:I@;DK;.!PG/?OY<5H(X27T!2U(3GE2>XK9)9O%W
M"\`NA@CU!M;*"3@83QSSWQ0?4VUW"-9XLJ1$\%DJ.%+6G>O<<C*<YP!YXJ9Z
M0L5K6Q`NLJ0EJY/H6U'2ET%"G-I)7QYX/;W=JK76[-\\"(_<G7XY3+8:#B]^
MTA((",)XY`[^>.36[;NQ:LEO::F(8F09"W6$MM9W!2`D@DC&1R:#*9^,]HUY
M/M,R.Q=?&CI#3JG&P@K4D=TK.X<GRQFM]H-1-CN4[3PCR+T7?!5_=*5`@$$I
M`"L#&2<FH,9\MRX?"#CJG9F00ZKE61V/T5O.FS2T:LB"(PAI!4XMP--[$$E!
MY4$C'U^=!<FG7+LY:FE7MA+,[*@M*2",`\'CCD<UQJF<BV::N]Q<4`F-#>=)
M/^2@FMK5/?PC=3KL^C'+*PRLOW?#(<QP$YRH?.0,?]:@Y_@RPEQ>F@?6G'I<
MYYY)]H&U']:#5P5"M)VZYZ5T9INRP[892V6$)EX6E/AJ/K+/)&3N4:DLV\6V
M!'6_,F,M(;`*\K!*03CL.>YQ00WJPHA.ET[2<WN+Y<?+]M6`W\A/S"JOZHWN
MTNVJP7-,YM4!JZL+>=0"HH0%>L=HYS\PS[*ST=7^GP24_#3^48"O]SY'''GZ
ME!8=*K*!UBTO(ERQ(+\:`T"6Y2VB0X!GG:,J&>,`@&LT]7M``$F\O8`SGT"1
MV_[E!8%*@">KF@%I"DWIT@@GB"_V'?\``HGJ[T_4,B]N8]\)\?\`R4$_I4`/
M5WI^$A1OBP"0!F$^,Y[?@5W1^JFA)`<+5[X;.%;HSJ?ZT\T&%UTF,L=/I\52
MU&3,'@,,H!*W5$$8`')[CZZP[1:^JPM,$-:AL338CMA+:X3FY(V#`//>M!U7
MUEIF8G3MRAW-MT6JZ,R7TAM07X84"0G(YR$GYZNN'(;EQ&)36?#>;2XG/L(R
M/ZZ"O_@OJUC_``GT_P#F3G[:X5:^K13@:HT^D^T05_MJQZ4%;OZ=ZD7-"8=T
MU9;H\0J"G'+?%4E[@Y&"O(_578CIU/3R=>7]1&=N4L<'/?Y'-6)7RXM#:"MQ
M:4(3R5*.`*"O/N=W'G_V_P!0<DD^I'\_^SKZ3T]N:00G7]_`.,_>XY[#`_WN
MK`:<;=0'&EI6@]E).0?IK[H/._6S3DJRZ.+#NKKS<I%PE-M,0WVFMCJ]P[E*
M`1@=N1S5X:09?C:5LL>2C8\U!80M/\TAM((JO_X1T9A?3:3.4E0DPY#*X[B5
M$%M16`2,>ZI_H]Q;NDK$ZZM2W%V^.I2E')42VG))H-QD;MN1G&<5S7&!NW8&
M<8S0I!4%<Y`QWH.:4I08\F+$FMI3)CL2&\Y`<0%C]=5)T39$;5W4E@-):2+L
M-C82$@)R[C`'EBKB`"1@``#R%41?;XSH[KC<;S/8FM69=I2'%QV%J;4[P0I6
MT8SP>3VS07Q2JR:ZQZ9=;\1$"]*2?DD6]TA0]H(37V>K^FPO:(%[(X];X.>^
MS0652JX/5O3B=A5!O02I.X'X.=/GC^;7/W7-,<?W->??_N8_Q_X*"QJIG4(^
M!.OMDO-P2EJ'<H:H4=S=DN.X2G;CRY4/+SK>QNH5YO3CZM+:,N4^(RK8IY\H
MC95C/"7%)..?959ZUU7<-1:_T3"GV-RVOVZ[LI=#BVUDJ4ZCL4J/'JF@]*TI
M2@UU^@.W.T2H#,@L./)`2Z"04\@^7S5]V6&];[7%AOR"^XRV$*</G@?_`,]Z
MC.G+Q>KCJBX1YB'68C*<):"$[0<@`E1Y.1SP?.II0*4I0*J/J5X%DZE:(OT<
MK:F3'783RT@K"V]H"1MY'=:N<<9JW*J3K.;@G4FA7+7Z+Z8);X;$H*+>2E`Y
MV\_506W2H+_]*^>?B;_YJN?_`*5O_P##?_-4$YI4%_\`I7\_B;_YJNT_=0\5
M6/BCX7.W_P!YW=N,_3036M=J&$Y<[!=+:TH)<EQ'6$J5V!4@I&?KJ+#[JWG\
M3?H]*KX?1U5<9<;+VDF4J21XK0D%:!_.3GC([C/&:!T?G(>THBUA"P[:G%0G
M5*[+4@E!(]V4FI[54=!HTR-:;XB;.<DO_"+N\*"0`KQ%Y4,#/K'GGZ,5:]`I
M2E`J'Z^U@=((MDE<%4F-(>4V]L.%(`3D$>7?'>IA43ZFV67?M&S[?;XZ7IRR
MV602`00M).">W`-!`]%W"VWCJ9?;C'CQDIEQ&%QA):"%.+`.XIR!GDC)'M%>
M?HT^!?>H4JX7Y?H2''E.D10EML*;&0,'C!V`?.:M_2%EOEEZ@Z9@WV,6%B-)
M4A)="R$[V_-).*IGJO&LL/7=UCV)E345#G*/$"TA1`)VD$Y'/F>^:"T]<Z\E
M:ILT&)\'IB1`KQ$_?,J6,<9&>W/LY\JU.A9L-B]-Q;F](3#D8;'A$'8LD8."
M#\WTUA:)TQ<=2:,BRK.MN;.CR%M2(Y<VN(0<>&<J(&T85YU(KKH.[Z;TR;U<
MVTHEJ<2&VD**E1R%`[B4^KY>TCGVT%YQ-`Z5CW%%S5;$OSD-AOQ7UJ<!&,9V
M$E()]PJ&=5NDUDU&U\*-3F[,Y':">&DI8/K?*5@9S@XX/LKNM5\N'4+1#EKL
M-Q<A7B*EA,J2\2`O(.XA2,GUMI[<_-6POB+E:.G$N#J>YQI4Q8#;;B,@.>L#
MCD<G@_50>7NHNE6M*W@VFT2'Y\)R.A\R5-@A9`RK:0.R<\_/S7M'2)2K2UG*
M00/0VN_?Y`KS?>;^&;%,L9CL2/2VEH0ZM`*HR5`A>U7<;LC_`+HKT=HY*4Z5
MM"4YVIBH`SWX%!NJ4I0*YKBN:!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E
M*!2E*!2E*#BE*4"J<Z`ZK1.L_P`5W(Q0[`#JT.A0*5H+RN_GNRKYL5<=4ITK
MGMP-(6]V-H&ZRY)\8*N,-J,GQAXRSPI3J5GV<@=J"ZZ5$/C=<_R`U-]47]_7
MRO6-Q0A2UZ"U,$I!).(O`'_;4$QI5?0NKNA9$1E]VZ.Q5N("E,/1'=[9/X*M
MJ2,CW$UW_=6T#^/O_*/_`&*"=4J"_=6T#^/O_*/_`&*X5U8Z?I!4K4"4I'<J
MBO`?^B@G9J#='?\``.+_`,\G?ZV[7!ZK:!_'W_E'_L5'.DNM]+QM/P+#(N@:
MN3LR5L9<9<3NWR'%I]8IQRD@]Z"W:5B_"$#_`!V/_I4_MI\(0/\`'8_^E3^V
M@RJ5#]<WYV!;&7;9<(S:U/("E[DJ(&X>7UU(H<Z.N&PXY*9*U-I4H[P,D@4&
M=2N@RXH2%&2R`>Q+@KCTR(1GTIG'_*#]M!D4KI]*C9QZ0UG_`(XKGTF/Q]_:
MYX^6*""]<5J;Z7WU2<9VM`93N'+J1VJ2Z.6A6E;*E*T*4B`P%;?(^&GR\OFJ
MO?X0=Y<@Z>M=IY1&NLY#3[R4Y6VE"DK!2//D?54ZTM:;7$:$ZUR9#B'D!*RI
M:MKA2,;MI['OY>=!(JX40E)4>PKFE!7%INR=82[O#>@QGDL@KB%\<HSZNWCW
M@GZ:UEWTYJ*+IEJ*U$B*BME;C\9HY*SQSN5V'?SJ7Z3M5M8G7"?$M$BW.J7X
M:FWE)(XP<I"5$)SGL*D-R=CL0GG9?A^BH22]X@R`CSX\Z"GXC>L;)&CR8CDA
MN(\$E2$8=#2=V,`*R,\>7MJ4S-<3F+@F/"M;DV,TRE;[JDJ2X#CU@1C&1_\`
MTKNNT!F7'<GV2XRGQX07'MT>066CA?R@`1[#699!<+_9Y+-UAN6M]6T;V'B'
M%8SR2#S\U!U::D:9EQ8$,M)$E"S(99E@%Q*LD;L<@'DU-*C\O2EHDN1W@RIJ
M0RL+\=H[7%D?SE=S7S8I=Y7=[G!N#;2XS*]S#R%`G82=J3[P`,YH(K;?Y=+G
M@)'^X@!]I^_IJS*K*$&1UPN*W#A:;,""H@`)\8<Y]N:LQ*DJ2%)(*3V(/>@Y
MI2E`I2L2Y7&':XIESWPRP"`5D$\GMVH-=?[,[>'XK3SK9MR"5/,*3RLX(!![
MC&?;5<W>'=M&R83X>:F1VB=@\$#">/E''?\`JJTQ<F3-;C>&X$.,^,E\X#9&
M0,9SG//LK3:WF-M657]P)GM+RE0!X3[\B@J?J7<H;_57I].0&7D.,J)_""3N
M]GGCD<UC1FT&0S;&F2_O5A!V>L%JX'S@''ZZQ%VR([U7T;(M:'U16G1O0_MP
MG@DXYR1FKYE0;!:G?AJ1'8C*:2$>+MP$CYA\]!0&H+(B0S)B3F5O,)66W5E.
M`%C^:?:,&HQIV^7WIQ-8>>;7<]-LNJ*$#`4RI0XYQZN2.W8\]C7H^^&%?+$A
M=CMT>ZMF1N4@++0!PK*L\<Y_KJIM0VJ9:IST2<PV@NH.4)Y0I"N"/F..U!.-
M!7Q>J['<M]_^\.N^(U(2X@+9WC<6\=_5)QS[*P]2Z493!=5;YTBYW-A7B/%T
MY6&CP`?<,*/MJC9FG9EIF&Z:3?4D_P"^1'.4K]J1G@C/D?H-6=H'K%:'KEZ+
MJN(W:+@XQX4N6Z58=*=Q'&/5[^?UT'WI*(^N9\*-1%2FX+H"F4@$N+(.$X/T
M]_97;<4W73^H&I\H($I1#RDI(.,\8/U5;>E$:<#4IW3RVUMO*#CJFR2%$Y(/
M/SFH[?\`35Q<U(IR+#9EV^XD"4MW&YCVE)[C@#&/.@@?4:9.U'88ERCRCZ.]
M=X;8BNKVAM24K"CQQ@D9K77B`W;90CMSF)?J`J6SG"3[.?.MAU$TC(LEJM[#
MDDR8;]\C!MI)(5M]?&2!P0#WK,U98+?9+B[%:42]+6E4=H?)9;)`!)[DY"AY
M\8H(JA:D'*3@XQFLNV72?:GE/P)*V'%I*5%/F/>/IK,FZ;O$*8Q$?B$+D'#1
MW#:OZ<\=QWQ6F!![<^5!(;=J^_07DN":X\$@IV.JR#GYZAFK+G=>KFM4FRNL
MQ8=CCA3:WUC8IW<"HCR))''N16@U!>WKA*3I[3Z@]+?5X;KJ3ZJ!Y@'^L^0J
M5Q-,LZ7AL0&Y,>47$^*M]K.%J['N`1C&!\U!,-&ZTU;:F&K?<6G=0OF04E;0
M`6E!/!/`X'^VM!;M%OR[M+8O5[C)D-^(9$)3BEO[`DN#@9''!P3CBI9TSNMM
MMUU6W,3X;KZ=C;VXX[]B.WT^ZK%=T_IB-?7-7KB1VIY9\)V2G@+2?-0'"CY9
M/..*#R/<M1VFRZF@(M,N3<[+&>8E+2^@(4M:>5)*>V0:LO0?4JU7+5$R';]*
MN2'KLZ75!:4%+12T`$C_`"24#D^:JWG4;2FBI,ZPZAM=NBEZ3=H\=XMI`:<!
M5A6YOL2?;CFK$=T'8TN19-EC,65]!27'($=#9>0#G8K`&1F@QAIS34N);KQJ
M2Q0K?/3L=6R%[4(<X."$G"\'VYJ5(MMI<;04V^&IO'JX93C'NXJ+-VU&H[M>
M[??$N/18[C:HX"BC:"5=B/F%3"!$9@0V8<??X32=J=ZRHX^<\F@ZDVFUI.4V
MV&#C'#">WU5\FSV@C!M<+'_-T?LK."@<X(..#CRKF@UZ[+9U[=]I@JV\C,=!
MQ^JOE5BLBOE6>`?+F,C]E;*E!5G6ZT6:-T\NCS5K@M/E`0AQ$9(4#@X&0..?
MJJP--_X/6O\`YHU_Z!4,Z[>-]SBX^$,I*DAWCLWSN_54TTZ4*L%L+9RCT5K!
M]VP4&RI2E`J%=4W92--E#"RAM;@#QXPM&#E//OP>/94U/'>JWZOR(_H,&&7#
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M`4.>>Q]U!RI1"D@))![D>5"#O"MQV@<IQWKZI0*J?J]K&TQ+1?M'-M3)%UE6
M]92AEI3@25CU<X[9JV*J2"M*?X1-S;4XL*796U)0%$!0&,DCMD9_703;IZ)!
MT59Q+06W_`PM.2,<FI($@``$X'M)-8,N="@/PHSKP95(6I#3802%D`DC@<<<
MUGT#'S_73'S_`%TI0*I[6O2JXS]70]3::N$2.\U)3*6S-WJ27$J"L@@$\GN.
MP\JN&E!7BHO5HJ2H7'30`/*1XW/_`(*RNF]^OMW<OL._>B&3;9BHVZ,3M402
M">0...*G)[5573ZXVZV7[7;LV2AA/PTL%Q?"25+5@>W/M\J"RK=,A7".9<%U
M#K2EJ25I&,J22DY^8@CZ*RZBT34ND(<=QJ!<X2`-[FQ)QDDDG]=?-GUS8)MJ
MBRY-SB,/N-A3K6_.Q6.1]%!*5K2A!6H@)`R23BHY;-6Q+C>U6EN'*0L;B'5)
M&Q0`SD$'L?*H1<NKNGQ<+G;9`$B$VV/!>8:=4EY7&4Y"?+GZJ^=.]6M'(@-K
MFL*A26\M(;9B.JVMI'J\E/;D\4%O55O55YQG673_`,*.MY2ICXPWC<!M1D\\
M8'<^>.U9[G5[1+:]BYDI)P#_`.Z.?9J%:IUG9-5:[T.FR2W%JC2GRYXL=2``
MI*0,;@,YP:"^*4I0*4I0*X5@`D]O.N:X5C!SV\Z"L.B:TKCZF(Y_W7D<X';Q
M7,<U:%4ITQU%)MZ=0,Q]*W>X(-WDX>A)9"/XYS`]=Q)_54Y^.<_<$_$/4VXJ
M*<;8W<#/_P`:@F5*A@UK///Q#U/CG\"-Y=_]^HYK2<@E*]#:D0K:5`J3'Q^I
MXT$IN,^';(;LV?);CQFAN6XX<`"JPUMUITK:;$M^R7%JY7!U&6&FPH`<XW'(
M\L'CW56/5RY:IU253K2FY"U-,J?FVV2&PF*6@$E1`40H')/F?=5'-MM2I:DE
MUJ(V03EPJ*1@9QP"><?KH/0?3[6S^M]=Z;>N!09S,:0U(V#&X;V]I[<9P>!4
M(N'1771U#+BHMH5%W+6F8E8\-0P5#`SN]W;O[JU?3&[WF!>8S]BM\%<J"P^Z
M"^-I?25()258Y(P`/G-6T[UKU/X(*++:4O#A25/.8!SW'%!B?P<M):IM-]N4
MZ='<B6K8N.XAQ('CNI5@8'?`];GW\9KT'=PE-NEN.-I>;0PM7@K0%)40">0>
M_:J)3UIU`M$=*+1:VY*G2EY;K[GA!`[$8!/MSQ[*FV[JQ>'8T9P62SQ"2IZ7
M&)DJ6@I.$A#B<=R*#"Z4:SASGI,.:FVP7WBT([,=D-*63G*2`D#(XJ-]7]7V
M74,"/;X:7528LHJ)5V'JD9_76WC=(+O$O8O,;5FV6E[QTJ,%K:E9.20G&!CR
M%1/4'2;6$%U<EAQ%Y#SI_BMJ'$\9RH'"<9]A-!76`22>Y[UZOZ92GYNA++(D
MKWNJ9(*L`=E$#M[@*H:+TWNZVU&^256$@@-!P(<5()[@8SC''L[U=/1IIQCI
MU:6775N.-AU)*CGLZL#]5!.J4JL]-V!O4+^H)MPO%^#C=ZEL(3'NTAE"&T+P
ME(2E0``'L%!9E<U#OB%;/QQJ;].ROMUS\0K9^.=3?IV5]N@F%*A_Q"MGXYU-
M^G97VZ?$*V?CG4WZ=E?;H)A2H?\`$*V?CG4WZ=E?;I\0K9^.=3?IV5]N@F%*
MA_Q"MGXYU-^G97VZ?$*V?CG4WZ=E?;H)A2H?\0K9^.=3?IV5]NGQ"MGXYU-^
MG97VZ"84J'_$*V?CG4WZ=E?;I\0K9^.=3?IV5]N@F%*A_P`0K9^.=3?IV5]N
MGQ"MGXYU-^G97VZ"84J'_$*V?CG4WZ=E?;I\0K9^.=3?IV5]N@F%*A_Q"MGX
MYU-^G97VZ?$*V?CG4WZ=E?;H)A2H?\0K9^.=3?IV5]NGQ"MGXYU-^G97VZ"8
M4J'_`!"MGXYU-^G97VZ?$*V?CG4WZ=E?;H)A2JHZC:9:L.C;E=;=?-2-RV/#
M\-2KU)4!EU"3P5X[$TH+6I2E!T394>##?FRWDLQF$%UUQ79"4C))^8"H9T8!
M^YI9"4D92\H9&."\X1^HUM>I'\GNJ?Z*E?V2JW=L_O;$_P"11_Z1096![*8'
MLI2@5U%]@.>&7D!?\TK&?JJ/:WU?;=)6[TB6KQ)3J5>C1@>75#^I/(R?+/G7
MEN5=[C)O+MZ7+>]/6X7`]ORM/D`%>X<#W"@]E5!NLJE(Z;WE2%*2H>#@@X/\
M>W6TZ>S7[AH^U2I4ER0^IA/B..#UBK`SD^?SU#OX0USD0=$1HL<HV3[BQ&>R
M,G9ROCV'*$T%K5@W6TVN\QTQ;O;HL^.E6\-2F4N)"L$9PH$9Y/UUG5U27V8S
M"WWW$MM(&5*5V`H(]\0]$?D?8?T>U]FGQ#T1^1]A_1[7V:DC3B'6TN-J"D*&
M01V(KZH()=NE.@[G*8E.6!B.XP`$>ADQP,=N$8%=$CI%HB1O+T"4LJ'K9FN\
M^_OWJPJX/8T%"Z1Z<Z8O.IM66ZY,S'8ELG):B,B6X$-HVI('!YY)[U,#T5T"
M>/@^8`"2`)[P`R<G`W5W=.E*5J[7G"@D73L1Y[$U8M!7(Z/:("MPBS]V`G/P
MB]G`.?YU<2>C^CW6BE";FVX#N;<^$7E;%#LK!5W'E5CTH*>N_2.^7GT4W+J-
M<7S%>\=@F(G[VK`''K^ZM@>GFLSG/56Z\Y_^II\_^O5HUC-R7%S7HRHKR4(`
M*7B/47D<X.?*@HW4]EUII^]V"W(ZCW21\+27&U+5&2`UM;*L@;N>W;Z:E;G3
M_6BD\=4KEN!R/[B0,_\`BKZZIA?QKT$4)!_W0>[K('\0:LZ@JN!&ZJ(+RH,K
M2BFUK]<H=7ZRP`-QPUWP!628O5];:VWG=+NH5D%*G%X(]A'@UO)ZF+&LP;7:
M7H<?)DKDL1TEL'NH#D<D)_74>?ZE+=3-=AQF6V4MYCAY1#BR<\[<?-QGSH(_
M=5]0-.O1K@+5I8*)V"3&R-J2<;?XH$<\Y%29L]79#:'VG=,!IP!2?O[AX/\`
MV-;B#8$:AMUNGWV0_(D(5XK9\,,%(R?54`3D9YKD:@OK-[?BR-.O(MK>_8\@
M@E:4]B/>?905=(U7JYGTJ>JYQ_$84751U/+25K2,;4HVXV8&?+GRK2V6^7]R
M=)U`P[Z&W-2U)+3)/#ARI6_@;AD]C[ZE8?MMPCWJ5,8W7I3"E%;PV,(5D)!`
M&<$#'T_/6+$LL=^'9H%LN+7PKZ,!/](>*5J04IPO&#\KUB>:#57![4M]U5<+
M\-&7*3#?@)B-.1$I6E1#B5E7K$<<$5+XW4R18K>W;W-!7UE$-"6BDAL[?8/E
M^ZLO3^K1IVS"UW6WOH=;2KP.,A8R>_L&<U%47"S7#<)UI$!YQQ3RI#"R\0H\
M[2"!E/OH)RCJ!?W$)6CIMJ-25`$$):Y!_P"O7VG7FH5*2G[FVHADX)4EO`_\
M=8]M8G0](/28]SG-")(\9*%H"-Z"`-@P3A))S\]2K2&H4:AM[DE333#R'-JF
MDKW8'D3D#OS]5!'CKS4`)!Z;:C.#Y(:^W6FD:DU*X+@XQH/4RWY#9V(E!"F6
MCS@A)60>_;%39J;??CB_"<C?[D;$EIP-CV#/K9]N:DN![*"FYMXU!=+0Q;[[
MH+4C[S7)<C(;0A9YQZH6!P#CZ*U=CU+<=+R)$.5I'4*XTO"&HK@0D[E'!PD+
M().1WQ5S7JYMVMIA;L*7)0\Z&CZ.V%[,@^LK)&$\8S[Q40U=I2V0V9E\BJ4Q
M)SOP%>KD]R!_505)U`DN?&K2E^?TY=-,P(BU1URY*4HV.$E22"A1SP#WQ4ST
MSKZQR[4+'J%V3,<>4'$%8424<8))QVQFM+K^V27^G%LAQ"NYN/7)$AB*KU%!
M(2X%<#.?6-6?JUJX-8<A6B$_#0VIV4I[NL;>?+@X'>@TT;7VBM/)^#H;4IOQ
M%G8A"-V_OR#GMGVU"SJ6S7*XK9U=<'F%M*#Z7-BOOJ5'&P`<``)^C.:LO3#]
M@;T_%FL6EQEJ<[L*"G=E7/M_!X//S5+F(41A`2Q';;3CLE.!S0>=[C(TBNYN
MBWZD9^#E)W)=+:U;%?S.W)_943O*M(7-N4F=<H*C'(2A9WH<<SYH.WG'F#7I
MB];-+:>G7"UVWTIYD+<#17@JW*R1GR&37E7J9*BWN/:[B9C+#\B4L/1]Q(8!
M".<X^?/S4&1!;OVB8T:ZZ6U?X<=U84J'))2VKN4Y'*5`CV[>]2>V_P`(+4,>
M<E5[LB%QT##B(PV#/M]8$_KK4V]6HKMK:TVJW(;<98@H*T(9"$.-)0@>)G/K
M$\')P>:MVPS+1J/4-SE3+>V+E#BEUV'XGB(=!R`>0.2>/H%!#-<]9].Z@LMM
M8M$N7#EB<RY(2\QC8V,[B%`GMD=N:TUWUY8%DJ5>TW"0K:M$QQ+F]I(.0WM(
M]H)[_A5(>H$>SRM/6F\-:0@QI";NS%5';BH47DJ*LCL,GU14ZO\`TRT6Y:);
MEMTW:VIB`5`^#P#CD8^;.![:"K=5=6--S-*QK7&D7.ZW,/AY2U,[$9Y]7D^6
M<`@>50-?QKU)AM3?P3;U?*SD*4/ZS^H59]HL"'K1&9AV2)$>WE+4OAHO$G^+
MP!ZRO($GR-:[P'2XXA"=Y1G<4\T&GL=DA6:/X,1!+BOXQU0]9?[![JV=9$#!
MFQ\NM-#>/OCWR$^]7NK?ZIM]F;FNN6NY1"@I"@RA1X/&1V^F@KQ[4&V]M6!B
MVK>FONMI0X5X2$G.?]E32/J/TNSO::>D)2EMX*<7SZN`#M5QR,X.>?*M`(D4
M2C,$=L22G87=OK%/LS62@!2@E1('N&:#=RYNEQ;[0JRR?2[C%N<=4U)R0A*5
M>LH`\`=\$<U;VG=66J\,)"'0R^#M\)P\D^[VU3USNL=W3L2(XV43H[X:VMM#
MUTJ.-Q5GC;CGYZP[*M;5X@NMNJ:6AY)#B3@I&>?U9%!Z1J-ZW7>6[2%V3Q/'
M2HE>P`G:$FI$VM#C:7&U!2%#*2.Q%:K4=\BV2`Y)?4E3@`*&LX*^<<4'D_2U
M\ZB:@U%>&M,7N2AU]TO*8?<.[')R$G.,>?T5ZMTG'N4*P0HEZFIEW-""7G,\
MJ))/Z@<?150KT(B]ZG3K[1%R=CW`S4.RHLDE*%Y5EP;N3@X^3C%6%;].7KX_
MS=13;@I,%3+:&(S;I*20A.[*<<>MN_503:E1C56I)5FN5HML&UKGR+@M7JI5
MC8A!3N5]`54E02I"2I.TD`D>R@KKKN#]SBX84L`+03M[$<Y"O\GV_P!5373I
MW6&V';MS%:X]GJ"H#_"%0\OIG/+`45(=;62GN`"234\TRX'=.VIP$G,1KD_\
M04&TJ-ZPU-'T]$3G"Y;O\6T#SC^=\W[:DE175ND6]22([RYRH_@H*<):"B<G
M/<F@K"5JZ^2X3$5RXNH<#_B*<QMXXV\CG`(.:E=ELCNH;\B]7"5%N$'PTC:'
M5$I6``1MQC!()QY]ZC.I&;<K4KD)`4VQ"BF/@^J"ML*P?I.*FO2BW%BT+N!6
M3Z2KA..V.._T4&VUGIV)=;<71$6]*800PA"RD9Q[.QJ#:<U--TDA=JN4-QUA
M/K)"!@MJ/)']>:N*JCZL3YOPNQ;O2"F)X06&AV4?:?KH-=UFOJKWTCO#YM<J
M,QOCJ:==QM=!='R<'-6EHK_`ZP?T='_LDU5?5N)/@=$I5KN"64O-.QT-%I94
M%I\1)'D.>_'S5:NC4J1I"PH4,*%OC@CV'PTT&ZI2OE"TK&4D$9(H/JN%A120
ME6U1'!QG%<TH/E*@K(!R4G!^>JEA,-*_A%W"1Z0E+J+*A/@D<J!QR#[!C]=9
M6INM>C+(EQMN0[,EMO%I3+2.4XQDDD]N^/>*T.A=26O5'6>==K5+DKCOV=K"
M`,("@!N"QGY0R`._GS07A2H+==27.QW^2Y<V5BTK<2S%VMC*CM!*N_;D\^ZI
MM'=0^PV^V04.)"DD>8-!V4KJDOM18[DA]80TVDJ4H^0'>JAU)K'6,YUNXZ-8
M1*M2MR65M-AWQ%#Y6_)&,<8[^=!<=*T6E+A>+C;U.WFUJ@/I4$I2H_+&`=V/
M+G(Q[JWM!\NE0;64C*@DX'OKRSKR,Z^M^9,B--J^%H_I:%M@`J4LYW`<'L<U
MZHJA.KDE,34#"6H#?@&X13(0I@8=45_*)\SWP?+F@GULL/363$MY38=..+DX
M:;Q":RM83DCY/?@UN/B)HG\D+%^8-?9J,VJT0XFKY$HV<MV]J*AQ+JCE(44@
ME0'TD8J::;OT34,!4Z&EQ+864`.)VJ\N2/IH,ZWP(5LB-PK=$8B16\[&6&PA
M"<G)PD<#DDUDTI0*K#J>6AK;I^5D;O2I(2%=CZB/U^RK/JK>J:"O6_3Q(2#_
M`'7).#[D(H+2I2E`I2E`K6:DN"[58;C<FT!:XT=QT!1P"4I)Y/T5V2HLMVXQ
M9#4U;4=H*\1D#(=)(QG]=<7B-#N5EF19:B8C["T.%*L'84D'GYLT%;=,I2].
M=.[AJ>[['69#KL]28JBM6%K*L>L!SZU3W2NI;9JBW^G6U2]H5M6VX`%H/L(!
M/MJD;?>[\_HY[2L.UM38;CS\5EYQ/#+2'"E&?YV0!SQ5C](=/W33MGF1KK#;
M9<7(*TK"LJ(VIX[=N#06'6-/?9BQ''WG4M-H&5*..WLKHN-YM=M9<>FW",RE
MM)4=[R4G@9\S5$ZYZCVR\2E,MWB.W;T'U6RL94?:0,T$HO&HK)=K9=8R(+,+
M;Z\92.''E8/<`=L^^O,_4%YA%Y5;8]LCPQ%`2X6T`*=6>=QXXX(&.W&?.K1;
MZBZ3BO15I9BJ+?#V&E.!T?,0`#Q5;=5[O8+]K&3>-.JD&/*0A;J7FO#VN`8(
M2,]L`?3F@C"+G-;B-Q&WMK;:BI!2,*3GOA7<`\<>ZME;-32H++@4RW(?`3X#
MKV%!L@Y)*2"%Y''-:"E!8[>O6K@B:J;:+9&D"$?!<:80A)>`X.P)QSD\=JN;
M0_6[3QL%GBZ@D/F[CU'E--(0WDJ('`(&-I'E7E9YIUI20Z@H*TA8'M!Y!HII
MUL-K6DI2X-R3[1G&:#T3=NO%RMNH-01"AJ1'8<=:@>$E)2K"B$J4K&?('SJJ
M%]3]=+EJ?&I9R-SQ="?&.T$C;C';;CR[9Y[U#'4;%#UTK)`5E)[9\C[Z^*#T
M)$U+89UC@VJ3J-ZYZ@2VJ6J=+?\`O#.0%.-!2E9R>P&/+RJ?]/>I.BK9HJVQ
M[G>;=;WV@L*C-K*RG[XKR2//.?IKQ^EIQ3:W0DEM!`4?9GM_57I_H[TOT3?=
M$6V\W>SF7,>"BM2Y#@3PI0^2%`=@*"83.N73B/D(O#\@C_X,1P_K(%;#H]<X
MUZL%UO$,+$:;>9C[0<&%;5+R,CR-9\3IIH&&!X.DK4<=BZP'#VQ^%FNKIBPS
M&A7^/&9;98;OTY*&VTA*4`.<``<`4$EAWJU3+C)MD:>PY/C`*>CA7WQL'L2G
MOCWUVKND!%R;M:I*!-<07$,\[E)&,J'N&1S[Q5=ZST]<;AJZ7?\`3KW@ZBM$
M.*N*%'")*%*?WL+]R@!@^1`K,L^K(FH94:^6YI8?8M,T/PW.'&'T.,[FECN"
M"/I%!+;AJ2R6^884JX-)E!(4IE`*UH2>Q4$@E(]YP*XDZGT]%MYN;]YAH@!?
MAF3XH+85QQN'&>144Z')#_3Z%>'G/&GW5UZ7,?/RG72XH<GW!(`]@%8?6.VQ
M+9TTU"J$R&Q*G1I+B$\`N%]D*(]F=N3[R3YT$[M6H;'=I#D:W76+(D-I"ELH
M<&]*3V)3WQ[^U;"5(8B1GI4EU#3#*%...+.$H2!DDGV`"JN8\;5G5B)-,8V=
MS2R'$OL/K'I,L/)]7`3E/A#DYW'DD8%2#J+,MSS4'35QEAB+<U*,Q6X@^C(&
M5#(Y&Y10GYBJ@FC3B'6T.MK"T+`4E23D$'L:P;Q>+79(OI=VG,PXV0DNO*VH
M!/8$]A4-Z,WA4S2[EDD2`_-L+ZH#C@/\:VG^*<^8HQ]1IUU)'3&ZD`DAZ+P/
M/^Z6Z"6VK4-CNTAR-;KK%D2&TA2V4.#>E)[$I[X]_:MK54L>-JSJO$FF,;.Y
MI9MQ+[#ZQZ3+#R?5P$Y3X0Y.=QY)&!6=?=6ZA=D7E.F83CZ[5(]'2QZ`MY,M
MQ*4J6DN!0#?R\#O@C)X.*";W>\VVSMH7<)/AES=L0E"G%KVC*MJ$@J.!R<#@
M=ZZ;7J2QW:2W&MMR8DNN14S$!LDA3*E%(7G&/E`C'?BH+.7>)?5S3[B)+<4+
ML;[R6'XQ6ID%;6]"L+&59QR,8QV-;IJ\7-CJ%-TI&:M[4%JRB=&VLD%*RZ48
M5A6"."<`#O03>E4_:-=:K?T_HS4TSX+,*\W!N!(BM,+"P7'%H#B5E6!@I'JD
M'Y^>-G=-8:D>5/E:=MKLM,"<N*(8@K6)26UA#A\8*`0K.['!'JC.<\!9M*KN
M/?M7W36E_L5O5:F(UK5"=W2&'"M;3H*E(.%?*P#SVR.W.1]Q-57B,-66^[&(
MJ[VMQ'H2&&%)3(;=`#"L%1R5+.T@'@B@L&E=,1,A,5E,MQMR0$#Q5MI*4J5C
MD@$G`S[S7=0*4I0*4I00?K)_)Q>?^Q_MVZ4ZR?R<7G_L?[=NE!-Z4I01KJ1_
M)[JG^BI7]DJMW;/[VQ/^11_Z16DZD?R>ZI_HJ5_9*K=VS^]L3_D4?^D4&52E
M*#S;UVS\?!WQZ`S_`.I=5Q7J?J#HJ)JR#NR&K@RD^"Z`.?\`)/NJAI73_4D(
ME<Z.S$C)7M5)D.A#:1_.*CY?[>*#?:(ZB7BVVF9:$LM.H8A+5$6E&"RI"3ZR
MA^&.WL[5#M56:_,V*UZUN,PAR;=&T-^L?$).[D^P>J0!SQBKOZ9:,T_:YB[Q
M;+ZU=W$MEGQ&@`E)/RNQ/?CCRK6_PC$XTM9DN;5-JO;&$YV8&Q?GSY^Z@N&L
M6Y08]R@/P)22IA].Q8!P2/GK(224@J&T^8SG%?5!I'9M@TI;X<.7/C0(X3X;
M/I#H3NVCGD]SVK;1I#$J.W(C.H=9<&Y"T'(4/:#6AU;I"SZK;C(NJ7?[G45(
M4TL)/.,@G!XXK>0HK,*(Q$CIVLLH"$#W`8%!WUP>QKFOE?R%?,:"NNFZ5C5V
MOBO82;KPH>S8CC%6/5:]"8C#&AVY#;*$.R7E..K')<.`,GZJLJ@5CSYC$"([
M+DKVLM)*E'W5D4[]Z#&]+95!,UE27&O#+B2#P0!GO4'TY>]3WV_-R/13'LP!
M[I]5?([+_"\^,5/)"6/#/CA'AXP=W;GC]>:A.IM>Z=T=*9M!;*EI1N4S'1GP
M1QC(';(.10:GJDL)UCH(%.?[N>^2,J_B3^JK.+@3CQ"E!*MJ>>_LJF-7S9U[
MU3T[O+;2V[7(6XM+9^4APMKSGZ,58-[TD+O<'9+UVFM,N%"PTTO!:<0,)4@_
M@]SD8Y..V*#>%]$]B4W!DI2ZV2T7`-VQ>`>WTBH'<>GCKD)+WIOIUS"U+=4X
M2R)&?P<C.WY\'O5C--I;2$I[\9/F3C&37W01'2L>?9WF;==;O'<6ZV2Q`;1R
MR`<YWYRH<'G`[U#[BXNZ7345I+URN*\K<CI2HA+:T%6$;<G(!.`?/V59=SM#
M=PEQ9+DV:SZ.K<&V7=J%GGY0QSWK3/V";`NR)5A++8F2%.SGI`WJ2,YP@<<'
M)X^:@KO2;T%=BU!;Y,9Q;JHZW=R%[20G!V^[UDU]6B&N9I&QR7+2[+7="A;\
ME'JJB(&TI;)QR,*(SQVJ=7+2S5NTU>%VYYUZ[.PW4F;+^^NN9!.">,\<#V<>
MRM-H6,\YT\TS#3<#;GX[<=3[>,%:0$Y0H9\\$4$#FR&'K4VUL;2ZP^6VQ^'X
M6">3Y^L3S6]Z?NW!INYNPK?"EMI"`Z93_A!OY6#G:>.^:[M0VYJ;<Y2;;!M\
M80&NS4H;`"H'<IO;R<J]M:MR0B_76W6Q=P=1'VML)=+)RI9XR4Y\SYYH)'=;
M[;6+Y,<:+=S,UA#"XJ<!EO"0<A?.[E/;`K1Z5B-/*FQY\"Y+!=;"7(((\%P$
MXR![_P"JL^VZ&DMW]J%<V%O1E*)4XPO`0D9P5'![X''OK:*O4O2FJ'[6BV0_
M1)+@4RTQZAVDD))///T4$CTE(O<R2\N1)BKMK7WMKPU>*M1''*\#G@Y]AR/?
M4MK0V&+.MZTQ%1HRHCC:WU26OO9#BEY"/#YSP2=V>X[<UMIOCF.XW$=;;DJ2
M?#4XG<,X]F1F@QKW/-M@F7L84E*DA7C.^&`"<=\'GGM6-J*T-7&*MU#J8TMM
M"@W)QRA)&%#YB.*VH1N82B1L6=HW\<$^?'SU'=4ZBAP65PDO%,IYK<VHLEQO
M!!^5@C`]]!2DQ2(&HH"W)<.:PRO+S+1W)E)]F?(]N<'M5NZ:;M^K%,ZEE1E!
MUH>`EE2\HR.ZL?\`6_552WJ*XQK[0<(&)NN@67U,C>VG"R!LYX&`,^_-71I^
M#?(M]NBI3J1:UN;XS>=W!)X'\W'''-!$I.F[_*U@U=7XK:6?2>"VH@!`!"2>
M/8!4OF:QLT.]MV9UU1>^2MP8V-J_FDY[^[WULI,.<[>HLMJ>IJ&VTI+D<#(<
M5D8/?V5'=;:-%_=9DQ'&V'P%!U11G>,<>8[<T$S]1Q'DI"A\X(KSKUXZ:QV+
M.Q==/QF&&(>2^VE/K*SCG/\`LJ][*F/;HT6RJEMKEM,!11G"BD8!./9FHGJW
M2#D^Z-WBV2IF^0IMJ0AI_8DM[^3C'(PH\4'BL3IJHS,-<EU4=HDMM;CA!)R2
M!6[Z>Z>=U5J^VV),HQQ+4K<Z,DI"4E9^G":YZB6R+9]9W:!#4XIEMY6"ZG!R
M3DX_V5V:`N,BQ7M=_BW")&F6]EQQI$H9#BU(4C:!D9/-!Z;ZL6U-KTKI6%%>
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M#K)[I#@P2/;4IFP+M/BMWM"4(0RZ&F)2&O#<>3Y+7R<``#GRW5W:BC%K1=J)
ME,3'5S"D/,JW\;%>KN\^:"$.(;<0$N-(7M6%IW#)2H=B*D5[T[*@QF[BTZF7
M!=2%)D-'<GV8)]N:T*T+;6I"TE*TG!![@U(8FM8UNT_(M%V$+T8,%,=*QM4M
M>[/)\\#)[>5!,.G>KBYZ-89J?6`(;D+<\AC:C&/H[UA=4I*Y"XH7!4TXVH@;
MCZRTC)X'L]]5O;[Q&A&->&I#*FF%I=2XI7JDCD9-26^:LL=^U1$<D:@M[<)*
M$JR\Z$I0,9.<_P"5F@VMEU?,:CV"XLLJB65]L-ICE6.4XW*)QSWJXX[S<AA#
M[2DJ0L`@I.15-]1-1:9O;=M8L5X@3%L!P>'%=2K8#M\A\U=ND^I]B;FM6R1=
M[5"MS#6TEUT)45YYY/\`507%@$Y(%<U$_NBZ$"0HZNL^#P#Z4FB.HNA%J"4Z
MMLY)\A*30:+KVE2NF=UV@G&"<>SFL*UVWJBY9[8Y;]469,=<9K"%V_)0G8,<
M[N3]5:CK7K;2%UZ?7"%;M1P)<IPI"&H[Z5J5W\AY5;.F<_%VU;@`?1&>`<_@
M"@@LN!U7BQ7I*]668H::4XH"U\\`G`]?W5CVT]5+RP9L>]6V"P0G8A^VY*N.
M5`[O;_75JJ.$DXS@=A6DU?<'+9IN=+86EN0EH^%NXRKV?UT'G\_"EPEDN7",
MFX2W"')*XH4@K4<%6S/'SYXJQ[?I[JI;H4>'!U/8DQT#``MPX'?/RN<_[:T^
M@]+JO<KTU]WPXK"P?5^4I0.<>[RJY5AHLF.'E(X",H5A0../IQ05TFU]7S\K
M5%B''E;L\_\`>J,:DLFK6P[<=2W&V3G4)V_W(UX2FQY$CG(JX;;>H%RERX<5
MU2GHI`=!3C:35+Z\4]\:9B'I'BD;<$'(`(X'T4'5J*QZZO6@66[OJ"VR+*KP
MEK2F-]]<"5Y!W9]HQ6]T]'ZHR[+#<LVHK(B`A'A--N0>4)1ZH&<\\"HM/B3)
M$2X6H3W7HS5N?<6V%X0@H0I6W'T=_?5A=`'U2.EUI<4LK(4\G)&,`.$8^B@Z
MC;.L7K?^TUAX^3_<'?\`7Q7RBV]9"H!>I+`D9[B#G_;5HTH*N5;>LH22G4=@
M)R,#T'W\^==C=NZP;RE>H[$4=@H0>1[\9_55FU']<:D9TGIN7?'HZI`83D-)
M5MWG!(&<'';OB@\':@?E2+W/=F*;5)4^KQ"VG"2K/)`JY?X/=Q$/5*Y5X::9
M;5"#$>2Z0@GY.UM(_"W8]OE5)W*3Z=/DS`TTSXKA7X;8PE.3V`J4=/V%1KK"
MO$BQS9\=B0E2"TDJ05`_)*<>M\V10>O-50AJF5&@0'HRC`D;I7B^L$@H'&WS
MSD>8[U*X[4:WQ&F&TM,LM@(2E`VI'N`\JK.'U*T;9TN%JR7F&7!O<VVM:1P.
M_P`W%=R.K^E;A&2(L2^NH?!#:VK:M6['?&._<4%7Z\UQ>;S=I<./=C\%H<VM
M)9&P+3C!W8//.:E72'5]AL5GEV^Z24L.(<*@M1&U8)/;YO\`;522516)[[81
M)6A"R4JD,F.I>3G.PYP.<8SY>^NI$FV^G,QY4WT1I[^.?0@*#:3WPG(SCR&>
M:#VFA25H2M/*5`$?-7U51,]=^GS+2&?2K@=B0G/H9YP,>VOI?7WI\E)/CW%6
M!P!$//UF@MNJQZZN^C:;MDKPG70U=8J_#93EQ1"\C;[3[O.HW,_A&Z2;R(EH
MN[Y'8J2VV#_XB?U5!===:E:LM\6!"TM):#4YB0AQ4G=O4A>0C:$>?'G]=!ZC
M@*\6!'<*5#>TDD+&%#*1P??7<TTVRG8TA*$]\)&*\_L]1>LLUE"+9TY#*`D!
M*GXSO;&,Y4I(]]?9E?PC+B?O<&!;4J\\1QC_`+RE&@O.[7!-LA.2U19,D(Q]
M[C-[UGG'`S[ZR(SWI$=M_P`)UK>D*V.IVJ3[B/(U0@T=UZN1W3=<188/)#;Y
M21Y]FVQ_73[BNMI_]^.ILU8\PDO._P#J6/::"^9$N+&2529#3*1R2XL)'ZZJ
M+J??]/*U?HB2J_6WP8<F0I\B2A7AY2@#.#QS[:U+'\'*RJ6%7'4UTDGS*$(1
MGZ]WE6FU-T>TE8M4:1MK*K@_'N3SZ)/COC*@A"2,%*1CDT%J3.K_`$YB9\35
M$99_^Y;<<_\`2DUH9G7[I_'!\)VXRB.P:B$9_P"\16\B='NG$7&S3+#A'F\\
MXY_6JM[$T/HV'S&TK9VS[1";)^LB@JN3_"-L)5MMVG+K)43@!:D(S]156/\`
M=NU?/_O-TSG.`]B2ZYGS_!;'E[ZOB-#B14[8T5ED>QML)_J%9%!Y_.MNNUQ!
M$+0<>*#V+D=22/\`2.`>?LKY<9_A%SVU>+)M]M;(.[!CC`^<!1]]>@L#V5\/
M'#+A]B3VH/+.A-%=3;[!FJ@:U-KC)ENI>0V\XDK<WJW*`0`.5`GOYU*1T&OL
MX9O/4:<_GND-K7^M3GS^537HG_>B])\_A62<Y]KRZLN@HR)_!QTJD@S+U=WS
MY[2V@'_PDUL3T`T.AAQ+:9JG"/44[()P?>!C-7%2@J[3_1K1=MB(^$;1%EOH
M6%EQ>XC`\B"2"*\;W!"$7"2AL`-I=6$X[`;C7L[K5KE_0VGV)5J>@B[2)"4I
M9D#<5M@'<H)!!X.WGWUXM==+LA3SJ<[UE2@GCN<G%!UG'('/L-<5]K4DN++2
M2A!)PDG)`]F?.CS?A.%LK0O'X2%9!^F@X0A;BTH0DJ4HX`'G7TVXZWO"7"@'
M`4`>^#G^L9KK%2G3VG(EYWE%V90IMP#P5#:XXC`)(&?;Q^N@C#BE..+<4HJ4
MHDE1[DUFW6V.6U]#*Y$=]:D!1\!>[9[CQP:MMG35D9W!$))0M+84AS"@2G//
M;N<\U%M11Y>F[F[/L$5;<9V/AU6W<EO*L8R,8\OKH($PI"74%Q!6C(W)!QD>
MS/E7M;H(<],+/@8&U>!G/'B*KQK9&42+I#C*WH6[(:0EQ*L;`58/TU[1Z'IV
M=-;.W@^H'4[BG&[#J^<^?ST%@GM4-Z<_Q.I/Z?G?VE3(]JAO3G^)U)_3\[^T
MH-[%MLIF_P`ZZ*EM+9DLM-!@,D%&PK(.[=SGQ#Y>0K!B:2MT+6<O5</[S(F1
M/1Y+21ZKJMR2'/<K"<'V\>SF1US00ZSZ3GZ;?DLZ;NS#%ID.J>$"7%+R8ZU'
M*O"4E:2E)/.TY`/;%?6J](OZATQ(L3EW4VJ4\V\_)6SO)*%I4`E.X!(]0#'/
M'M/-2^E!%;]I5VY76U7Z%<A;[Y!!;,EMC>A]E7RFEH*N4D\CG(/(K-MEGG1[
M_<+Q-N+4GTIEIEMI$8M^`E&XX!WG()42??CV5O:4$5CZ7D1==3-51[FAMN;&
M;CR88C<.[,[5E>[Y8R1G&,<8\Z[M=Z;<U9IYZQB>(;;RVUK=\'Q#ZBTK``W#
MS2*DE*"*W[2KERNMKOT*Y"WWR""V9+;&]#[*OE-+05<I)Y'.0>16#)T;=V[Y
M-N5DU2NULW(H7<(Z8:70MT)"2XT5'[VHI`'X7D>:G%*"+KTNY\;[=J%FX)0W
M"@J@IC*9*BM"B"25[LY]4>5%Z9D_'63JINY-I<=MHMZ&%1R0E(65A15O&3N)
MXP./KJ44H*[C].G6-)Z;TXW>T^'9)[<YMXQ.72A96E)&_@94<GYNU91T5=(U
MYN#]GU2]`M-S?,B9!$5"U>(K^,4TX3EO=CG@X.2,&IU2@C-ETRY:]5WR_P#I
MR'$W5##9CADI\(-)*485N.>%<\?56@B_`&M-<VZ_VE3KR+,T\S)>\-;:%N;P
M$-*"@-Q0H+7[CM/F*L6N!@=J#FE*4"E*4"E*4$'ZR?R<7G_L?[=NE.LG\G%Y
M_P"Q_MVZ4$WI2E!$^J4N+#Z=ZE5+DM,)<MTAI!=6$[EJ;4$I&>Y)X`\ZD5L_
MO=$_Y%'_`*14.ZKA!ME@#@24'4%NW;NV/&&<U.QC'':@4I77)078[K:3@J04
M@_.*"&:CZD::LEQ<MC\Q:I30!7X+)=2D\Y22#PKCMW%>=KGJ*[SI%T4Y<Y+C
M,]9\9*U<.(!]0$>6`$]O96_U/TWO6F[2NXRGDR&T*2DEM)).>ZCR<8]]0>@M
M7H)<6XVH9T!Q3I7*8!;2D93ZI)43]8J1_P`)0XT?9Q@'-Y8'([>JOM5>=++^
MNQZICH;@LR3.<1&W+X6WN5C*3V'?GYA5@_PD\G2%D!&";TQ_Z'*#JZB:POD[
M4R=,Z3<=#T<E3JF>5*6GDI^C&?IJS])N7EW3\->H$-(N92?&#?;N=OTXQGWY
MKYMNF;1;KO-O$:*D3I:RMQTCG)SG'UUNCR"`>:"&6!_5+&LKQ;KD@OVA2C)B
MR"@X0E1.&PKL<;1QW&??4TJC)W3C6_BS78]]<<,N:"Z%+P5H2L%+QY[C).T8
M[>^MGKW0VJ;O(M*8,LR&X[*6GG5/>&5'C*\9]H[>^@N"OE?R%?,:Y2,)`/LK
MAS^+5\QH*ZZ%@C0,8DJ.7%'D8\AVJQZK/H@MS[F<=V,&W'B%J0D<`JQP#GZ*
MGMG=N3T%+EUC-QI1)RTVL*`&>.1[:#/I5*]2-:ZM@*OL!-K,2ULE*47#PUIP
MDJ`"MY.TY)Q4TZ2Q9L;1D14Z0'G'U+>&'`X`%**AR/,Y[>5!QU&%]]!4FVLK
M?BN)2AQ#22I8.[N`.?97FF[.NO7%]3Y=+J5>&HO*W*]7CD_17I3JQ=;C9]+K
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M;B!SGRY]U!;$EWP(SSV,^&A2L9QG`S6@T9?I5^A/29,0LI2X0A0^2M.?+VX]
MM=K=XE.ZE5:FX\=<1#>]USQ@'&^.,H[XY'UUO&O"*!X6W9_D]J"O6YU_EV#4
MPN\=QE3,9Y+3OA%O<-N<#/<>^H1I!.G8^@HK\J-,?GJAQQM\0@(*T>KL]GZ_
M*KDU=_@M><_XF]_Z#45Z8&4GIOI@LQ&Y2E,,)<)6D>&WM3D\]R!Y=Z"N669,
M[QE66V37&%I\-U8!=`.0?E`<>7>M_H6SNMWE^X/O(2Q;-Q?#+H*PI/(!3CD'
M!JU+[#9=M$EGTJ1!;QN4[#PE8P0>.#[/95?NWKX:M+UJMMIGNQ%-[1-2T5+6
ML#@JVI'.:#ONDJ/:;:C4NG7W?%N#Q:4965<`G(2GC!RGZJC6K+S=+C>&692(
MY=CK^]H0C!02?DJY[\#-:1UB=%:2S+COI2%;4>D)*4CW@'SK:1K-*3)1'@O%
M^[J>/ANQGTK2TD8RI7?OG@YXQ06AIA>J5F*JZM1FXP9(4$G*BK=ZOS>K6_1;
MH2+D[<T1TB:ZTEE;O.5(220/H*C]=?5O:?8@L-R7BZ\E`"UGS/G7>%H.W"@=
MW(Y[T&)'G(DNS&4L2FS&(25.-%"5Y3G*"?E#WCSK3V1";K;IC,Z-(<:,AQHF
M605%&!@@X'J\\5OIDEJ+'=>=4`$(*CQGCYJH^]:ME7.4S,86Y%D-+4E#D<E`
M6V<`92K.#WH,W4EK0YU2TS;X+,2/'MRL-E/#K:#ZQ*23WW'V>=72.PKR[=I,
M^/U-T9<M0/R$-OI7X;Y5]\;`41NQCOQCD5.[1JNZ>C1@AV:Z(*U/2-K@*GVR
M!W&.R=I)^>@MM-TMR[BNV(FL*FH3N6P'`5I''<=QW%9M:^U/PKG%CW>.RD%]
ML%*RC"L'RK84%8]5$3V'1*9B-^B.QRP])2#XB`5`XR.PX[U*=#7BWW2RMMPF
MRP8P"%1UKW*1[#GS'O\`GK=W*!%N<-V%-:2ZPX,*2?.L"TZ?M%J7)1"82@OH
M"7$CS3SC^LT%7=3.B=MU'+DWJUS%0K@[ZS@=.6B?;CR^NO,.I]-7C3-R7;[O
M$6RZDX"L$I7\Q\Z]OWE%XLL..QIJWL/LEQ1<2[D[<G/'(]]:36V@M-:U:?;D
MRT&[LL)8]("@I;>%;DA8]F3R."0:#QG'O-UB0?0&9SJ(OCHD>"#P'$9VJ]Q&
M3]=71HO6]WO^EIS&H-4-!;3N4H<6E,B0GU<('(*@#S@#VU'^J'3^P:/::A0K
ME/?OA4A2V7&"AIT$946B1ZV"0,`DC.#55,.NQW4O,K*%I/JJ'<&@]26YIV[V
M)5J@V=4F0VX'ER@O:4]^,8)/?]58$:SJ=O)M$QX07TY2I3PRDK`R!Y=^`/?6
MHT5<WTPK;<G7U.1DOMK=<.2A2QGOCN>_%6W.0_+M,2[Z@T^'YA?0EIN*DA24
M%0`*B<]LDT%9R%/1YZ(MQ;4\B(X6U,K&,@'D?JKOTS9+YJ:YJQ%B1[<CU/&9
M:*`%9SR"3SC%;G4-J4SJ:XRH3#4R)%?#DA#GJH3G)VG)Y\_JJ0Q-;6VPP(C$
M*Q.AEYLN`^($Y]8@^7/;O0;5>B'&M.2K4Q<%J4MP.-YR`",\?,<\_-5>R[C.
MA6JV6V#*44>M(*@R4JW!2D\9S@<9_76UO/4.XW&!*@(ALLMR`M!<!.Y"#VQS
M\K'GV]U0Z*Q)E.^'';6\L)*MJ03@`9)^;O09%TF(E^"OP4I>Y6\]G*GEJP25
M'Y\X'EFLO3-UBVF5(>DPFY/B,E"/$2%!"LY!QY]L?36G;=4EQ+[*@D@[DE/E
M[,5D08KDQ_:DI"`07%J4$A"2H`DD\>=!\R73)D+?D,M$N^N6VP-B<\XQ[![*
MD^GWM0S5.RH$:,^RC:VIA3*2@#C\'&<>?>FH7[-9VUVRQIC2_%;`?DJ&Y60.
M-I!QYFM-TV@VZSZKGZCG7E]HD9$<()2I&`,<=SGF@G^I-"F0M=U;=C-R/`0@
MQTH"&BL`\CV9J#65IZT:D:96(S+N2E?B)24<I.,_6*N*!J"WZ@L)N5H<6[%6
MM314MI22,<*X(S58:ZMCK4]NX-).UT!*N.=X['YL`4$@N.A+G)M<5X/1%W-E
M96`EL(3SCC/GC''SUUQ[BU89;%KU18X[KBB"F6VV#D'S[>MR<<5*>G:KH[8$
MR;G(6Z75;F2LY/AX&#FH/U;AK3J:VW0EW"(ZFD#/J$;PKGWY%!]_P@XMCMW3
MB4M5NC)==?;;:*$A"M_/(]N.3CW5FZ=T;J.]6*WR-1:SN<1*HS99A6-ST5IE
M&P8!7@J6K')).,U4O6;5$S42+6S<O#C1FF9;K8:SA;GA@)!R3SW'TU;FM-0W
M[3VAK._9XR2VY$:2])*22P/#'/!X^<\4'?.LFL=(-&YZ=OT[4,%@%;]INRPZ
MZX@=_">`"@K'9)R#^JL[4=SL.ING/QB3('P?X7I32UN!O8H9!"B>`0201[14
M/^["QI?1D%6H6'Y5_=;S'CCA3[>!M>6K&$@G/;)XX%>9+]J2YWE3S3KRF8"Y
M3LIN"TH^"RMQ14K:DGW^=!Z_Z*7.T7?3DJ3:5/*#4DLNJ<P`I82E1*1W`];S
M]E2&7.MNC+(_<+]=4AH.N*2XZH`G<I2@V@'N<>7?BO,'1W6^K=.6JY6W3.E'
M;V77TO.+0AQ89)3M&0@>>WS/E7WU?U-U"OMHB-ZMTZS:(*7PME(;4A:EX4!P
MI1)XSY4'I;05QLVH+4[J*TVU<),U9"EJ3A;H'97ZS4`US8TV2\IG2%KE0I"R
MM6585GGC->>[?J_6NE[1$MEONKL*$X/3&DMI03ZQQG<03^!V]U;F#>=:ZJBE
MR9KYUEI:MJT/RU-A/EZV,``T%D19\.VVF^R)2'5ON6]]ID)X`*D*!)/S&IQT
M/NUJMW2^T)N$F';3EWU'WTMY]<^MZQ'?O]->?NIG3N^:+B1)-PN:Y;,A`RLJ
MP`X2<M@%1)PD`Y[<^ZI-TEZ06S5%I:O5^N#HC/K*&F8CJ0<@D'<H@\\=N_U4
M'H29U'T'#SXVK;2<>3<E+A^I.:T,SK=TWC`[;ZN0H>3,5TY^DI`J"SM+]!-.
M7!VW75UUR6PYX;C;LET[5<=]I%5[?+%IK[I"Y=CCMC2K+"9C7WM3C4@-A/B(
M!.<^L2#WQVH+?F?PB-$,Y$>'=Y)]J64(!_[R_P#94`ZD=;8NJ=,2K/"T_-C(
M?./2'7DX'!XP$G/?VU-K7U-Z7QKG.@QK5;(;$1D+9F-Q$I2^L9]5*0G(^?/G
M7F[5^IKGJ6ZORY\YY]KQ%>`A9X;03PD#RP,#Z*#0@X.<9^>IGTVONJ[7>!`T
MM)C-RIN&PB26_#4H]CZ_&[V?.:ABCDYYSYUWQUK\)Q#8;2H>OO)PH8\@?I[4
M%WZW=ZSVRW,G45]B,,3BIE++`:!/JY(.Q';'OK'T-H35&IK7X;>O7X46,G"8
MS?BJP`,>JD%.<=N/=6^Z7:FFZKT-J&W:F=$^-`C$M!22MS(&4D^9P<=NV.>*
MA/1?4<QO6]K9/A+4K+9\5\-^(24X`R<%7';SH-`UH+54B1,<N=JN[2&AD./Q
MUI+QW!.$[AZQQS@>0)\JMOIIT3T[>+'\(W]NZHD>,M`:+@:&$G&<;<\_/5D=
M0-!735MPCR&+^(D9MO\`B%M*7A>3R"%#C!Q4IT]:8>E[%%@I>:1L"0ZZHX#J
MSW/)X)-!3EZTUT=TI=1:Y>FY,J0,;ENR'2D9P/YV/?5G6;0O3TQFI=NTQ9G&
MG`%H<,=+F1W'*LUTZGT-IG6DI,]V4ZEYL;%.0W$\^>%9!]M22Q6JVZ>MD:TP
M0&VD#"=Q]9P\94?:3YT'=%LUHB)VQ+7"83[&HZ$C]0JO>MJ$M6"U%MA"<7B&
M4E.!D^)^JK1JM^M3KGQ7@>C)+BA>(@5L\L.<@^R@L&'S$8)'/AI_J%=]=$+)
MAQR1@^&G^H5WT"E*4"JSZR,S(B-/ZGA/,I<M4Y*"TZWN#@?6ALX.1C'>K,JM
MNO2`YTZDMJ4M*53(B2I!PH9>3R/?06,THK:0L]U)!./FKZ)`!).`/,U4[71G
M3TF&A7PU?VTNLI`0F4G"`0"0/5\SR??6:STDMD)3;UNOEX;=:;<;;2Z^%MX6
MG:H$;<D8]]!98((!'(/G6+<+E;[8SX]QG1XC7\]]P(3]9JLV.BEC:C>&B_7Y
MEU2PXXMB2E(*L=@"DX3SP/FYK(M_1K34>>W*G7&[W9M!6HQK@^EQI2EIP5$!
M(.>!Y^5!.6M16![:6KW;U[@"-LE!R#V\Z^7+_87V5!N]P3DD>I)3R0,X[UH/
MN6=/AVTK`'_55^VOA[I=T_0RM2=*P`4I)&$J]GST&MZ(8-DO#B5)4A=UE%)2
MK/'C+JS*H?I?KW1.E[9=;5.N+=O=8GOCT<H4`E/B+V[<]^,?-4U5UAZ?;%J3
MJ!E12@K"=I&<`G'S\4%ATJL4]4'9#2'HVBM3.,J`<;<;@NE+B3R"#L[$$&N]
M?4Q]*B$:'U.H>WX.>'_R4$YN5IMET2E-Q@L20D$#Q4!6`>]5QK'HKI/4+WI,
M9DVZ2I65J8X"^,8Q6:CJ;(.=VAM3IX_%[Q_^2M%K/7_I^G)C$BQ:IM#2DX,D
M0W&P,G&"HHP,]OIH//'533$'2.I/@6%XRO#;"EN.N`[\]L#`Q^O-0G)QCRJ=
MC3CDFX6R5`M%PEQUR&V'1+?24O+5V0E6T8[$$\XX[5W:QTI.T?=43K_I]J-%
MF!7HT1N6AP)]3&3C)X/-!!8:7/$+K+J&ULI+@*E`=O(9[GW5(M!3'8%];E>"
MVZA66R'FRI"L]P3D8XYJ-L(;6XE+CGAI)Y5C.!\WG4RLLIJ%$%M!80MY(4IQ
MM]*@Z-V`D@<A6<<=^*"UWF7#'F71N*1!CMK?6I"=R`A/)VX[U+^G]\Z<ZGGJ
MMELBNORUM9?1(BD-[<CMSQSBJ:DZVOL>V2-*M3%2$36EP1&==2&V0KU59&`0
MH>1)P.<@U6[4:0TY)#,IIMU@`J*9`3NRH#"3GUCD^7O]E![LC:&TG$.Z)I^`
MTHK*B?"SW//G47Z/%;,K5EN:RF!#NBFHS05N0TDH2HI3]*B?IJ%Z$UQJIYN#
MH>R6VTKGQ6FDNREW%#P",86L)"@5*`&2`>//O4NZ,M2VI^LT3WVWY8NV''&A
MM2H^$CLDDD?706I4.=T%`,R9*C7O4$+TN0N2XU$N2VF_$6<J(2.V34QI00WX
MB-?E5JO]+N5S\1&ORJU7^EW*F-<T$-^(C7Y5:K_2[E/B(U^56J_TNY4RI00W
MXB-?E5JO]+N4^(C7Y5:K_2[E3*E!#?B(U^56J_TNY3XB-?E5JO\`2[E3*E!#
M?B(U^56J_P!+N4^(C7Y5:K_2[E3*E!#?B(U^56J_TNY3XB-?E5JO]+N5,J4$
M-^(C7Y5:K_2[E/B(U^56J_TNY4RI00WXB-?E5JO]+N4^(C7Y5:K_`$NY4RI0
M0WXB-?E5JO\`2[E/B(U^56J_TNY4RI00WXB-?E5JO]+N4^(C7Y5:K_2[E3*E
M!#?B(U^56J_TNY3XB-?E5JO]+N5,J4$%G=.+=<(KD2?J#4TF,YC>T[=5J2K!
M!&1\X!^BE3JE!Q2E*""]5,&WZ>![?&&W?VXJ=57_`%@9<D6.RL-2'([CM^@(
M2\V`5-$O`!0R",COR,5V1+3U%M;LIJ-J.V72*MW<RY=8Z_&0G:!M/A;4]\GM
MYT$\I4+(ZF@D>+I4\C!\&1]/X=5WJ/JOJNRW95M;1IR?X8P\]'2\$I5_-&5<
MX_KH)UU3U19K78IUGER"9\V(XEEI"=QR4D`J_FC)\\>>.U>8QV'S5M=17N?J
M&[/72XN!;RQM2```V@$D)'N&3WYYK5T$[Z16-=UU;'DKCN+C0\O[QP`XD@I&
M?G%3OK>57^\:1T,RTIN1.FB8)"CZB0VE>4_.<U'.E>N;O`@NV"WZ6?NSZ'"Z
M%-2&6B6SCC"B"<8_7S7UK:\ZI9U98]?7#1<Z#;+$TX)2%R65E862D$8)QRH4
M%W_#3&_'AKV9^5[O;BMBTZAT$H)(&.<<&O+L[J%>KHI4^V3E6^.4CPX@VJ5M
M_G'(Y/MQQQ6?IKJG?[0\#//PDP5@J"R$K"<<A.,#W\T'I>E559NJLZ]AU=JT
M/<Y3;1PI2)3.0?+*<Y`/M[5L1KK4VY25]-KPE0&1_=3!R?9D&@L2OAX;F5@*
M*<I/(\J@=MZF6E7I#%\MUSL\^.XI#D9R(X_@``[M[:2DYSY'RKH/5G2GA2%2
M7)D5M*5*0XY">4%)'&X@(RD9_G8H-=_!^MJ6M#0I_CO%3H/WLGU!]'MK)ZH:
M@O=GU#I^/;)KC$9Y+JI"4)2=P"D@=P3Y^55UT4U_9;-$8MESF2&2E@(2PU%>
M=*U`J).$I/.".U2O7L_0VL78JWYUW\5AI:$!F*XQ@**25;EH`)&T#&?,\4&5
MUTG3A!M=O@N`A]U1D-@`[TA.X!6>PR/KJ2='A-&AH?IQ/B>*[@$@D)WG`XX[
M5!M4:CT$Y'\9LWB6^$!M*!%=9*0#GY3J`GGD=ZF%HZF:*;ML9IB3-2&VD@I1
M;9#FP@#(*D-E)(/<CB@F-[LEKOL3T.[0T2H^<[%$CGZ"*Q;/I73UEEJF6NUL
MQI"D;"M!424^SD^X5I1U/T84J4;A+2$@$E5ND)P"<9Y16X:U?I1YL.-ZEM!2
M4[__`'UOM[3ZW%!#$*SUZ=`2!_N*V/G^^N\U+]9V>?>[:B';Y:(J_$"U+<0%
MI(&>,=_/N*K]-[LB.M#ES5>[7Z"NU(;3(],;V;@XX2G.[&<$<>^K&^-NE?RF
ML_Y\U]J@V89<3%0SN2X0C:HK'RCCZN]:2TP9[\>X1;M`8B[\MM/QM@4I!S[.
MQ[5NH-P@7!I3L";'EMI5L4MAP.`*QG!()YP1Q[ZRL_/]5!@6^U1(,-,1M*E@
M(*"XX<K4"?-7<]ZR(<5B''1'C(V-(&$IR3CZ37WL`;V(*D`>8Y_KKXD)>+3W
M@.;75)PC<,I2?;01'JW/DV_05S<B.+:?<\-D.(3G8%.)2K/';!(^FM]I6W,V
MK3UO@,**FVF4I2<8\A4,ZFM7%GIK(1<WT2)"'6?$4TDI2L%]&,CZ1]56#;QL
M@1D\\-I'(QY4$;U+-EQ[BW$MGCRYLU):\'<GPHZ>3O/&1VQR?.L"!I>Z:?:\
M2%/0_'<;W3V5H45.D#LUC&W.3WSY5M;G<K?'N+Z[2PQ,OY0&O!#H22G(.TDG
M'O\`;34L^>C37B(9EQ;BZWN#3#1>4E6.4Y2"/IH(^P]IP+A0;A:DQT/.*D*;
MD.*)97DI&<G(R`#@^VOJ]/LZ<OYNULCM2?3&D_W,P1NSDY61Y@Y';V&NBVZ-
MMUWM427<G)4*X+RI]*E>NL[C@J"\^6/HJ(:O5*8U`N.E*V_0F@PRM*5)4II&
M<*/M[\D<4%KB7*U/I9U=N4_;);PVA4AE25-D*YX([$`_777'-J9U#;;8T]),
MN)$5L;1N+001C*B>YXXR<U![?>[[=KC;+>)*D+984'T;PG?G.TG/N([5W6/X
MR:7G,3;K;%H@*:;C/.)6'=J03ZYP2>,DD]J#8=58$C$>?%5+4I1\-:&R=@3R
M<D#YA4+TK#G%Q^ZQ/"Q$2`4/1EO!W=D$!*>21^K-3;J+)3=;7%7:W'Y1\0*3
MZ(2H!.#G>!4/TG:KY.><59WWHSK`7O7G"4G'"<'S/;W<9H.KK)&;3JS2$Y;K
M'BMQE!+*_55DJSD)]W;%;;1^KM#:<MRTW*<E-P=6$/994HI2>`#_`)/)Y[=Z
MCFN/2;CJB"_/:CF5'9\-Q>XK\`\<#!P2>^1VY%2R'H27-TS$>;8B,S4NK>4'
M6TK+R2$E*=P\L@]_;09UFZQ:-E29,<RD1(S"BAMQ6`E6#CC'M[CW5E-]9-`J
MFN0S>"E:,^N6E;"`,YW8QS\]0U<`ONI<NYMD9V$%.)"X[2VU(2K:H'PQW"CC
MGV5*NF\:S.PWH"V8,X(5D*$-(2V/)))3R<T&Q?ZLZ"9C+DJO[*D(3N(0-RL>
MY(Y-:!S7O3PZN8N8U8X'_#4@-`GP>QSD]AWXS]%6$_I;3C[C+CMCMY6RO>V1
M'2-JL$9X'/?SKO\`@"QXQ\#6_P#-4?LH(I*ZM:!C-+=7J!A24I*B&P5D_,!R
M35;Z\U=H^%+3?[9-FW1$B1NDLQ7PA*2`",G'(SCC.:O`V'3[H4CX'MRAV4!&
M1Q^JH9J+I3I^_7QN=/<(C!.P0FT(;1CDX&T#/?//-!3NH-8VCJ@_:XRK7Z-)
MARV0RAQS!5'.?%RO.`<A&!WK/U)8>F=LD1)=XTY=8,!U949,=P/,E.,`90".
M_EG-51K"3!M>M;FC2S#MOC1G3'2VLA9R@[5*^8D9^FKTTQ#@KT=(8ODCT]2(
MC@CR%2&PRZYL.$-HSDJ'!['O0=[ELTA%TJW=='/&9`B9=7&0LK4`<DE;?ROF
M[=ZAL'J1+:O+L>+=I:BZ3XLA:?#0TG'"5I<'!R.XP.0*P.A.I=.Z13>YNH9K
MD5P%#:&MA5XG"MR2D`GN._8>=6-K=K23\YUM%M+OI38==DL%L>)G\$CRQ@&@
MY9>ODS3+K<9F')@R"9#LUET+4LG)(4H'&1DC'E6BN<VX3_"<EA090G:R`WM0
M@>Q)Q[<GSJ1Z7E7"W62,($V/%M4%90U`*$J7+23G!`&21C''?-0\,^(Y*D,^
MH@'<I'BG`R?($_J%!\3U+=AD1`TS(V%*2`<;O(GG^JL/3C%YA0U/W*<F2\IW
M"=JMI2,=L#!(_5Y5F4H.5[BM:E#"E*)5QCGSX\J`D`@$@'@@'O0DDY/>N*!7
MVTJ*EP>F2"Q'/"W`"=H^8=Z^!ZQ`')/D*YFO18]@N<J<ZV8\5`=5%5@+?.Y*
M=J2?/G./8#00B1>G;'KJ+&7(N"K)%?2XPRPI39=02#O*._K8Y!YKT[IF9;;\
M6W6TEUH`':ZG&#CM@UYJT:J/<M4R-87*`XFT1)#8:\16Y#(*CM2/->W'EGW]
MZOCIW(CRXZWXSWBLN2%%"MI&1GW?502FQZSLT^^7#3R4F)+@OJ82VO`2X$^:
M<<?14@N-M@W-M#<^,A]"#N2%>1J&CIW$;UP=4,RB-[A><94G.7"<Y!J=NN(:
M;4XXH)0D9)/D*"B>ONDHMP8M(@R&(RXJ5A$8H.%@@8Y'8<<YK<Z0ZFVA%H1;
M-;QDV%YI"6VFI4=SP7D`8RE9!2H<>VM;K[4K=_F):B(`AL$A#A&%.9\_:!VX
MJS-'W=J\:;;<2VV7V4%MQD#@$`X'/M`'UT$&U=JZRZKL\BQ:1L36I7@VH>.[
M$/H4+"3E96I."0.R4\DU$W_X/UENVGX4NPWJ5&FED!PRF]S;JQP3CA2,G/M^
M:KJT;/NURM3KMZM3=M?0^MM,=/8(`&#[#W/;BM;K#4$FU7.U6N#L:5(45J4<
M`;02",?.100'H/H?4^AK_?HE[BH$64PT6I++F]IQ25$8'F#A78@&L/5UPLW4
M36DK3<!(D2((4VIMY)2E9!`40?+!XJ]Y+C;49;KJ]B`G*EYQM&.3GRQ[3P*\
ML='"TYUOO"T%)0I<A2"V?$"@71@[AD<]\]N:"']<"ZWKN7$5'B1VV$)0VW%4
MDHQSS@$[?^*>WTU7J5+0"D.$`\X!X->J]?=#;9>?A*[VVZ/L7)QY;ZO'3N;Q
M@92`!G@`X]YKS!,MTF(91(W-,2#&4X!P5<\?JH,NZ7^_Z@#35SN$N<ED$H0H
M[MN!R<?-YU8/3"3JV#HO4Z[9&FKA2(^Q@L,+6KQ\\*00",`;@<>T5)-#=+[<
M]TJN&J+DK^[W8KTB,M*N$MALX!Y[DA7UU;?0-Y,CI?:%I<4O!<224A."%D8X
M`[4%.R=.L,6ZVZ<FZ77<-?W-E,I,A;IPA&XY#I)QR$*2?/![CBMWH:+>;OJ6
M3IF/9H%OTU'C*CSX!5O'B''BX)45@%041@]O;7HA3$9<HNJ809&S;XFSUMO/
M&[Z^,URS%C,+4MF.TA:OE*2@`J^<^=!Y!UCT1O>F].2+[\(L34M8)CL,.;\%
M0'ZLY^85'.ENAW==7MV"?&:CLL*<6^E!*0H8VHW8P"1GO[*]S+2E:2A:0I*A
M@@C((J!ZNZ?HO+T15KN+EG:2L"0W#2&@XCV^J!ZP\LY')H*#L_\`!]UA+E/M
MW%<6W,HY;=6X'?$Y[80<CCGFH[U0Z>N:3N:(-MA726VS%2]*F%HJ9R1SM(3Z
MJ1[S[*]K1F$1V4M()(2`,DY)XQ20PS(;+3[:7&U<*2H9!'L(\Q[J#S#T>TO'
MA:%ONK9-S+:GHZV6D!82E/JD>MGS).*T>E>D.J7X-GU/99+$A2P'DH0X&U,J
M`!'*N%=SV]E6CU*^%/N?7*/=;!#M+#=PCB,EA:=KC9>;!)"3WY/T5;UACQHU
MFA,Q&T-L!E.U+8]4#`[4&CT*QJV/`D.:K?:<?6K<VRC!+0``VY'![$_35.Z[
MUQ-N,Z[6:Z,OL)9D[8J(ZO#*4I4>5`\G(QR..#BO1U1C6.CK9JJ&(\E2HSF]
M*O2&$(\3CRR0>*"!]"8;_P#NC<$7CTJ(?O2HY2H%+GJG=ZW?U>.*L>^:<B7F
MY6JX2),MIRVN%QI#+FU*R2D^N,<CU1^NL/1.CH.D8<J+#DR)`D.>(I3^W(]4
M#`V@<<5)TI"4A*>P&!0<U6O6TK;TS"<00AINY1W'%*22A.%YW*QSQ]7MJRJB
M'54%?3^^M!*27(CB`5#(!*",T&YTU=8EXL\>7#<WM[0G=C`)`P<5MJK;I7K+
M3]RM5LLEO=2J2W%RXEM!`2I*MI!XX[9R?;5DT"E*4"J_ZTX^)!R@+!N$(8/_
M`#A%6!5:=<5A6E&6T[MZ;A#.2#MY>3W/:@G:;A#B^AQ'WT-O/-CPT*.,\5L*
MA>G)VG=7R&KBW#4[)MA\)J0M*@G(^5M\CSD>=95^O<^/?(%N@QW"VI8\=TQW
M%)2"<`9`Q[?F\Z"54I2@5T32$PY"B"0&U'@X/8UWU\.H\1I:,XW)(S[*"J^C
M,&W7&P7%^9;H[SGPE)`6\PA1QXJ_/'-6)\`V/\3V_P#-D?LJN^D+KENONK-,
M*6S(;B2_'1(:5G/BE2RDC/<$XX^FK7H.MAEMAI+3*`AM/9([#YJ[*$X&353Z
MGZSV&UZA&G[:E$V1C"I7B`,-KY]4GS\N0<<T$W93>(=SN%PNUTC(M:49:3PA
M#0`Y4LG^O.*\[1]=ZOUS$N=DE/6]R-*D>&A)4&R-J@H!&3SV!\ZR>J?5:Z7]
MA.C;&F.')(\*8^TKU7=PQX:=QX')!)\P,&NOIGTMO5D>;U;?VG&68+:WTQ4E
M)42$GOG(QCV4$CO-F:LD#0\-A3;\OX9:4^8ZBI*59]9).2`<]\UD_P`)FZ61
M.F(MK?4TN[K(6PG&5(&1DY';@'O563]:*$'X=CK6EUR_KN4>"X?O(`6I1[>M
MR5#/-8]TM^ONJ-T1>%6N6_'0I,="BA*`TDG.!V)').>:"'::TW<+]*"8K!<8
M0DN/K2H#PT#&2?9WXSWK4/$I6$(0$J;)&Y.<JP>YKUOTVT=I_2FE-0VZ[SH"
MWWBIJX."2DA+7K;$KVJRDXW>S]59,WI'HF\Z/5#L#3*!(7X[%P97OPH<9SDY
M!QC'^V@\C.,/,Q_29<>6AUXA3#R@4I6/PCDCGN.0:R=-V==]NC<%,R+%W<EV
M4\EM"?I)%6]-_@_ZP\%"!=8TD-@[$95A/N&3Q4R__=[LR]/PXJ[BXQ=0K<](
M`!"^#ZH'L_90:3I5HB\Z:U?$F6S4NFK@'%A,F.W(2ZLM9]8IPK.0"<>7M!JS
M>DJBNZ:X7N2I)O1&0,?[TBL'IMT=MNBKRJ\*GNS90!2SN3M"`>_;N>U9?1__
M`-]UM_3BO[)%!9M*4H%<UQ7-`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E
M`I2E`I2E!Q2E*"OM=LO736^B[&N6XS`6X_<74-I3EQR,6EM@D@D#*CG&,U8-
M0;4?\J>BO^97+^IFIK(<+4=UT`$H058/G@9H(UK'6METLR6YLM(GNLN+C1]B
ME>(I(S@D#U<DCOC/T5Y3D.>-)??V[2ZZMPCV%2B<?KK(N]RDWBYRKK+W>-+6
M7=JE%6P$Y"03SM&<"L.@4I2@F'2I-R5KFW"UN)0Z"2]N`.6<CQ!S[OIJZNMK
M:#TNU)E>P+:;W*.2!]]14#Z3:BT?8;,X[=GF&+NAUPH6I!*U-D#"00/<:V/5
MC7NF+UTZOEN@7%+DQ]MM+36Q65GQ$'V8\C04O+M3UM1&2ZVOPG&DNQWCC[XV
M>R@1QSCM715CZZG11H'15I=#+ES;@H=<V@H+22D`$``)PHI(QY8JN*#862[W
M"R3VYUND*:=002`?56/8H>8KTMH?7-NU+:PZM7@S&L)?:QYX[CW?MKRS65;9
M\RV3&YD"0MB0@\*3Y^XCL1[C0>P[A(A08KDN9M2RG&]7A[OU`9KS/K?54RX7
M&Y-1=R;?)5L*RTE(>2G@`<9`P![,]ZS[WU3O-VLCEI,-B.'"G+S;BBO`/(Y]
MO;Z:ALJYJDPQ'<CJ0X#R5^SRQ0=$&X--!N7:QX$^,I2'U#\'(QQG_96R?E7%
MN*6V)3RW)J@M*ED$(5YGGC/)XJ/H90WO=0U\HY44CN:SA<2VXVKPWEQ4!)3&
MVIX7CDD_7]=!NG]5RY5BFVFY.-J?>*=GA)W(X4"2%?,/;6$C45T184V)+VV(
MAWQ6]@VJ2<DD9')!)\ZSKE&C,6QU+<;"00I*&D#U3QR!V`]ONJ,T$P5U'U@M
M!0JYLE)&T@PV>1V_F59G2NTV/4VGE2;KIV,J4API5(\%*$/#)Q@)]F,'@<U0
M=7AT1U8RW`.G);*&6V-[K<E3J4I.Y62E62.>>,9['-!8@T-I((V"PP]N<X\,
M8S76O0.CE@A6GX?((/J8X-21A]B0CQ([S;J,XW-J"A]8KMH(!<>E>EIDE3[:
M9L/=C+<26XT@GVX20,^^L4=(=-?X[>OTD]]JK)KA6[C;COSGV4%:-]'].I2H
M*N5\63V)N+HQ]2J^ON0:;P/[OO?Z1>^U5E4H*NE]'-+N,.^-,O#K8&[8N>XH
M<#/8J]HS44Z>]/K9?XUT<G76\E4:>ZRULGN)PVE9"4GUN^!S5\2"`PZ3G&P]
MOFJN>C*@J#J!25[@;O*P-N-H\0\$^9]M!I8_2:)(NBX\H7*-;8R=T>0)>'5J
MSSN(5GL3WK'O6DM,VN#,7&U!J%]!<V.QV)2E<C.,J/*0,GL1GWXJZR`001D'
MBH-/M=J??NE@M$=R),E)#CCQ2OPUD9XSV'?R]M!4<:V295^:9M6K9\"W)2"%
M3"EQ258[`D'(S[:D")VL[-J*/!N=^C2VG!M0J1&;4AY*SA*RI*-P'!XX^:NF
M;;K;;Y_H<@B:F$C?*+6,*)5PD9QQR/?FMO-E6S5,:0B';A#FQFD(9<4Z>4IW
M8;QGN>P_7095TT)KJZ1MSFM(_BY\1OPX;:$H.>!N2V%$!/')K57V+K2`MRTW
MCJ(?`6R5%"8+8WHYRG<&NY'OJQ'K;J"3IVVQX4U$&8V07E+RK*<=NQY[5AW*
MRH?N'B:DE19%M2207G%-N(6KL$A.!MXXSS05OHG2^L),:3.T[K?T9])+2D/1
MD%(!.1D>&1V`[5M[C:>H33J+9<]>6UD/(<6$LP]A<VISO4I+8PKS(S@XJU+)
M:;1:&EHM326FWR%G#A5N.,9Y)KJOFF[7>CXDQ@K?2@I;7XB@$Y'L!Q049J*Q
MWNSF/=9]SBW.%.6AAMUC""'-O8C`[[2:G5CUEIW2VDD/7N<VTY#<V>&V]XRR
M#@`X23]7E4$ZLV6[:1TW:'W+A&>AB[MJ#)2HI2O8X`>W;&<CVFMM+_@^V.6I
M]?PW(3(D.^(%>&G*$GG`&>?.@M%U3=YM,:?I@VI:Y"`L*D(W)+:O6((3SG)'
M?WUAWR'&6;;9&VW8JI+X>7(@;<(4V0O!!\E8QVKS_I'IMU'8N\L66XRK9%@R
MEM,NNK*4NI"B`H(&00>^",5:&A.E5ZL]UA7R[:OFR9B"HOQT.*+2LC`')S]8
MH+5NEQB6:W.39KA1'93ZRL$G]5?$.XP;K:V94>1AB6W][43M)!XXSYUEN--2
MF5-2&$K;5D%#B0H$?-5.=8M.7"'Z+?+1)DH8CH2TF(P%8;.[(4D)^?\`506-
MI32T73J92VY$B1(DNJ<<=>=4K())`QV&`<<"OJVP;^UJ>Y2Y]Q;D6EU"?1&`
M@!3!SR,@#/'O-5Q`ZK36+?$:E:<N+[K:4I6]L4`L@8S[S4PLFN5SM,3;],L\
MF*B*X&BTH;5+42GD;L<>L/UT%#:SZ;L1^H%S;,E<AB2X7_#SA?B.'?@8'89-
M-(M7*[6^-'T[I^9<(]K6E#BG'V$D+"@20"H>1'(KJZP:T=E2HTBV(3#ERPXF
M0^VYE12DA*!C\`@>8P:V_P#!XFW33K<N7<;>INQ2@%>FGL%$@#M[\4&NB:<@
M0K]>3J[2ZV+LJ1Z1":$D*00HJ4=^U9SW3VX[ULAD'(!XY^:IGKRXPFNI5OFM
MLLRUMVMY24=P<ELA1]F/KYJ+,/,(=WN1B\CDK05%().<#CR!P:#H2ZXET/)4
M0XD[@H<8/N]E+I/NEPG15>CHDJ6HH6I`0UL&.#Y#O7PK.=Q1M"R2D#.`/8">
M^*XH.Q3+B7E,;"IQ*BDA/K<CYN]=D!]N-,0[(B-R61PII94,^WL172VXMI06
MTM2%#LI)P1]5<O+;4$E#(0H#UB%$[S[>>U!\ZL=#465==/6Y[T&*$./MNK&6
MT<[L<\CV>=6!%T<I-KLDV([&9N#Y"W0^O.\<DA*3W]7R'LJ,:B0S8>GLQQ4A
M?I5XAN%M)0DI0$`9SGD_+'8&M3J?16H[Q*MM[L>KP[;(S25(4)&%0^/6``YS
M@D^WG':@G'4MV'HZSP+R]%5*1Z2=[K*$@I0HC:`#@<#/>J*ZB:EBWE,"#8HL
MQIN2WN?;EL@.%96<!..,8P<CZZO2\28NI>F;:6Y:Y8A89_NM*`)CB!C=M^<9
M'GS4*U!:7-16^WZJ>T[($QB/Z.AF!(2/#6@DA9"E#`P.P%!EM:1?A:'T[IQQ
M]IJ4A+L^>T\%9:"]JL92,<8/G4@.LXT2+'8TWX"BAG8XZ&2GP7`<<`C!R!GS
M[UH>E]S<U=I_55_ORU2+FW`=94N.X2\ZE2%A7WKA`.!ZN!]54G.O,QQ+(9CN
M,-,.J9P'E(4Z<G&Y(/?!'/NQ07O`U1=XEX-U4^J0\<[D.*(0<]_5'`^BMBC7
ME^6B6B4XW(:=04I0I`2$9/<8P3[*@]C@W1BUVV/.8>3,=93A+A]9>??^VKCM
M6@;1Z`RJXOI7)*<KVKP`3R!W\A05(E24;=[B0`1ZRB!_7Q5G=)PVS/G,.)>]
M(4@+2KD-E''UG)'T5I^MEAL5MZ7R_16XZ74+;PZI1W*//F/,^SM5H:8<B"PV
MQ25,A?H;.<$`_(3WH-U6!<+1;KB\P],C)=<85N;4204GZ*S/%:_^(C_O"N/&
M9_\`BH_[PH*P_A$R'HW3&?X#ZVE+=92=F1N&\9&1Y8^NH-_!GT<E$9S5R[AA
MUY*F6V&\>JG=R59'?*>,'&#4S_A&OLGI?/;$AL+4\QA&X95AQ/EWX]U0[I?J
M^/I/I3%>9CMRI[BG"EOL$^NKY9[X^;-!Z`FS8\"(]+FJ\)AKE2B,\>W`KS_U
M6N.A[AHV])TL4+G/O)ERMC*DYVI*=WKC`^4/D\G-2-WJI!O>EYT:58W'9Q:"
M#&0OU'5*R`$G.ZO.6K+9J:U,QG[G'?@Q9H<#3&[&U&_Y"L=^W&?907WH75D"
M1T.$$1Y&]#3MI)4$X\0MY"N#\G[X/?P:F'0II4'0D>T/.)7)AN+#BD((3A2B
M4X)`SQ5;Z1.E],=,W(K\C-TN]K>D+;<=2/!="%;?5)R#E(\L]JVO2N[)^(NF
MG8FH(T>6TZ^)$:3)2%.@K[G<?=QGVT%^5A7.YPK6P9$Y[PFA^%M)_JK!3JK3
M9P!?K:2<<"2C]M8=[N^E;I;7X$J^6X(?2I`5XZ"4GMD<\$4'6[KFQMWE%L#B
MUYX4^D>HA7\T^9\NW'-;:/?;?+3,5"6J1Z(/OP0D@@^0Y[]CVJM='Z/;<OBU
MRULRH#8WL.QW4*0]["<'/'?Z*L+3>G6+`Y/6Q(<=$MP.*"P/5//;ZZ#ZTQ?D
MW^"]*3`DPRVZIOPI&T+.`#G`)P.?.LUQ-R5+C+;6RW%`5XR""5GD;<>7;.:J
M6)-NEIUS*9$M6%/*WA:]P6D#//O_`/V4NT^^S+E<+C:9TQ45H%UQ.2E+('X.
M.V?V4&VZX3(\C1,V,RXA;D>9%2\G!RDEYL@?K%6-:`!:H8`P`RCCZ*HW4#$]
M[IK<Y$J,KQI4^*X'5GUGL/-Y//L`_55YVO\`O;$\OO2?ZJ#+I2E`KX>4M+2U
M-HWK"24ISC)]E?=*#66)VZO15KN\5$=[>=J$J!]7RS@D5U:N3'5I:\"4,L>A
MNE>.^-ASBMQ42ZER'8^E)/A.A'BK2TO(R%)5P4_2*")]!+!#@:4?E(;86J3(
M64R&U<K1G@'S&",<^SV5:,>;%DO/L,/)6XPK:ZD'Y!]A^JJLT/K/3%DT^BU*
MD($U!4IR,RRI)2"3R3@`_76@MFMK-9=9W&1$NOI$:45N%A##@*UGY*"HI^4/
M;G'/>@OJE5_'ZI:8;@ARZ3/19@5A<=++B]I)]4;@DCM@]ZPT=2X[5U?1*;`M
MH6=LCD[$#N2!R>/9F@LRJ9ZWLMS=2:,@RWY"87I#SRVV#RLH2A0'OR14L^ZM
MH'O\/IQ_S5[[%5OUNUKHN^Z2/P1=0_?&'$F'L;=:<&Y0"BDE(\A[:"U;=J2!
M$L,>:[;GXK;CI:0TU').><'"0?9W-:B/KJ2]JIB&J(XU;'3L25LK\12NP('L
MSC/LKYZ379VX0'([UV;E+9::!9!)4V=@SDD>W^NIA!M3L>Y2)TF>Y+\3^*0Z
MT@>!WSM4!GD''T4&VI6HOM_MEC0VJX/AOQ#A(]M;<'(S0*Z9B@B(\I1``0KD
MG'E6,[=[>U=&K6N0D2W4E26QR?+O[._G7?.($1TJ0%C;V./]O%!5_0N!"3`O
M-Q0R1-=N,A+CA)]8>*O'?W5;%5ET1*C9[SE96/A.1A7E_&KXJS:"'=4++(U!
MI9VUPKBW!F.+"FG5O*;&X`CNGGS^:J&MW2JW6$*C:ACKO%XD'[PU$<5X*$^T
MJ&#NX/<XQBO1^J;.U=[>4'PDNHY0XZ2`CZJ@ED>E6+4B8BI+3J%JVK4GUDKX
MX(/>@C6GM$3=/2%.0]&0W7?5=)?>*\8'!!W=^>U;J]735>H$S]-2+8AH*"$N
MH:W)VI)&,*SS]!JX:ZGT?>W5(22X4$`I^4>.V:#QAU`LD/26L8<"Z0$3(#<=
M&]EEXX2GC.-I!"O>KO5AZ:ZA]2=2QUV.S:>MT)'HZE&66G$^$V`<'&<9P,<"
MJXU-9)D[J2[:[M*7$DR[@&CO)4ZIEQ1VDXRG"0,$9YSYU-.J5AUWHZUV)JTW
MFX2;9$:(\:-E*]^XJRYMY5P0.<CB@KR);)]JE+N^IK;.N%DD2UM3"VIQM2RE
M7K+[CUN3C=QR<UZBZ=ZRZ>&U1+!IJZH;:BL[D,/[TE*2OMN7W.Y7;)-0SI?U
M:@:G91IK5,%E$A+"E/R7R@-.[<`E05^$<DGBM[KOI)I2\QH\F`IFPK8(<],9
M"4H(SV)SP><@_-06>[-@(FHC.2V1+_!9\0;^?\G.:UVJ-3V73-N=N%VE(0EI
M.X-CUG%>7">YKQ[K+4CD+5CKL&[39TZ"TNW"<]L2HA'J)<2M!RH\$Y/-85XO
MELN6FK2\^F>[?X[NU^8[(+B7$94=OK*R#R.PQB@]B:"UA#UK9?A:%"EQ6MY1
MLDI`)QYC!((J(]-_'L>O]6:6?#;GI"S=4.H)X!V(VG/GYUL>E>NM.ZDM"(%H
MCJA2(;21Z$Z$H6I..%)`X(..XK5:;04]?=3$X]:U((PHG_?$=\]OF%!;5*4H
M%<UQ7-`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E!Q2E*"#:C_
M`)4]%?\`,KE_4S4W6E*T*0H92H$$>ZH1J/\`E3T5_P`RN7]3-3F@\P=5-(C2
MUX:7'="X$W<6$%1*VMN,I/N&X8^FH+5L]=[+=F[TW?5DNVI;:&4842&%C@Y!
M[;LC&.^.:J:@5RLI*LI3M'LSFN*4'*AC&%`Y&>/+W5P"00?97*5;5!0P2#GD
M9%<$Y)/MH.^7*D3'?%DNJ<5C:,GA*?(`>0'L'%</R$/):'@J0ZE.%*``0KV8
M\\XKII0*Y4`DX"@KCN*XI0<I."/(9[CO7=)E.2MA=:;0I`V@H).X>1.?/%=%
M*#O:G2&HZXB$I+:SDJ4D<>X>T_/72@I2H%2=P'<9QFNZ&&%.E$A/J%"B7-V`
MC`SFN7(VV,F2AYIQI:L)*3R??B@W$!*9-C2P''%J;24*4'%`A0YY)[_U5IY4
M5<;P][C:BL9P@YQ\]=*W9"VPRJ0[X(X"`H@8\P?:/=76VVAL;6T)2/8D8H/J
ML^TPY,J3_<\!4LH07/#*>"!C//[*P"".X(^>I/I#6-ZTU(;$%2'F-X)8=`.1
MYI2H@E`/GCO06QT+D2(UIG6N3",9++Y47%DC<L@`C!]V.U6U526UK5.OI;,F
M\1%VBVQ'_$:;SDKX&,$?*^G&.]6RA(0@)!)`&,DY/UT'U2E*!7RE(0"!GDD\
MG-%[MOJ`$^\U]4&(B2S-B"1#?2XT0K"D\A7<8^NH!T:4DQ-1H2I9Q>I94".`
MHNG.#YBIQ;;5`LML5"MS*8\9`4H)!X!.23S[R:A/1L@P=0D-J`-YEG<592O[
MZ>1\_NH+(J`=2Y%]B)AO6R0M#&2%(;')5QC-3^E!$+A8K==(S*V8L7X88;2Z
M`HEM)64@$N!(]8<G@YYQ43<D6%IIN%?I*6[O!D!3CL..E*5$$90.!N''<C/-
M6JF-'1(7)2PV'UC"G`D;E#V$U%(<FT7K4=UMCVGV5&.K:J2ME)WJYSD_U4&E
MMLC4-QDRKY&>4]`CC+#+1P'N-N,''89)]XJO[R[<I;HD3%R7FG4A;:G4_*1^
M"2!P/.KNNMRL^EH3'B-)CL.N>&A+*`!NP3V^@U&=)-/7*_W66+G&GVJ0I6^.
MM14I.?DY01@#OYT$7TIJ!XOV^'(>VIA)6N.,_P`<LYPE1]F%'ZA6W.L)<UAB
MU7)Z1!EN/(0J1$;2O:2H!`(SYGO6EOZ[:O5JFY-I2B&PH-^#$X+I(&,XQCZ/
M94VL&GFXSBIA@F$RPX\T&`@+6Z@I`W^)WQ[J""_PCIK+V@+6N+)1(4Q=VD+5
MM!]8-N`Y'SU+9&@;F[JN%J9C5UP;=80E!CE"2VI(_!([<@D9QD>55UU419W]
M"YLULF,OJNZ&&D+45!YS8X<D*.".#WKGIUJ'JYK61<61?8]L3!*4J\>W-G))
M(*1QW&/UT%V2M46:)?8E@D2DBYR?D-)!//O/E6\``S@`9Y.*IR7IK7D&<+E,
MUEIUB?(=#34I=H9#CJ\<)*MN<X3^JHUU)U+U1T#"C2)^I(LQ4I12RMF`@)01
MC.[CS!&*"W/A'5;>NO@URVQEZ?<C%UN4VL[T*!`(4#Y\G&,\5`M(=1KM*ZCW
M#2$J/Z4PIUSP5M)]9A*49PHG&?UU+NF&L5:OT@+IL"Y[8#;S9(!*P,$X'"0>
M2*A^O;I=M*:"DZDCVF#:K]-<0E;C:4[T(W#`5ZO)Y/'EF@FG46YZJL\*$K2]
MA:NBRZ/&"B!M'S9'?VUGZ\L<J^Z?>:B27FY+33CC339&'G-AVI5GC&['>O.S
M7\(352&HK1@1EK;2D.*41EW`Y/R>,]ZZ9W7?4[LB$^HL^"E27'8K6`%@'E*E
MXR,XQC!&*#2:1LT74=_-DN;(B:J;EC[X]_$N)2HA:5)&1N!V@8&#SDU?.N;W
MI6QZ/OUFCN+'HKC>^)%:VE/KHRE/85YZT4]*U7U4BSES7XLF3-\9LA966_6R
ME`/'`!`'N%6?KV3J.;&M4Q-@AVN]W)"DK!?5XC;C8+BE*;V[3N2,!1.2>/*@
M[+X(-SU)9),/_<^,[9G%@24860`T!DC)QS[:QO1P6V2Q*:6MT!)8!(6%$X`/
M&/9YTT=+N=W9OUXUBI$Z;;H*6(J4J#:4H<1N4D;1\H;$CW&L^W6P7A<=JV2F
MFIRE$>`\"G``W;@H`Y^<X/%!S?K3\'L1TF<'E,$)=:(PJ.ZKDH.!@C(/()[5
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MIC<[3<C\&RE,V9;H4TE4UUQ2#GUB`>ZCQG/F.]7#!Z6Z7>A,.R/A%3KC"-ZD
MSG6^=HR<)4`":H#6G4%^\=28=T=FRF++#>0ZVA("5+:"@3@`X45`#&3]5>DN
MEVI6]5:;%T1<#**G%)+:V0VIC'9"L9!.,'.?.@\Y]0-(R=+ZJEG0$J0S%:"$
MJ99D+\3>,[@?YP'O/G6LZ<:;1KC6B47MJ4$H27ICC2/#QMXQQC'8$D<YKV#\
M"VH7`W$0&/2R=WB;!G/M^?WUEL18T?=X$=MK>25;$@9/OH*LL6A.G6I6US+9
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MTU;'7U.O-8?4XLG`\U#!R"3Y=N:JJ?JU]_5MUU-'C^CRYKSKK>QTY8*\]CCD
MC/!]U8D!J_:IOA4VY/N5X>QM<W%QU:@`!E1.<8\_FH)-)N"(,UEI*G&GW\>%
MX*^4A7`.[/&:SK'I6^=0[Z(%O=FJ@Q%[94J;)4X$J\^"3VY`QY5(Y72.-I32
M4B^:A?4_-<B*\**VCAIW!SDDC(&4FIC_``5Y39T[=XY#:%)EH`PD!2\HSDGW
M=J"R;+TVTA:F"TFSL2BISQ5.34B0X5X`)W+R<<#CM6R&BM(A2E'35I)4K<<P
MVS_\M2*O@ESQ$@)3X>#DYYSY<4$?;T3I%OY&FK4#N*L^B-Y!QCV5K+=H6U,R
M)PGV:RR(KIRUB$V%('/!PGD^_O4VJ-0+]<+A?),%NS.LP6`H+DO*VDJ''`&<
M@\D<]J"$]'HC)OFJY*64MB-<%164-)"&T("4$`)''=1\JFVL5+CM19ZYKL>)
M'="G@U\I8_FX^NJLZ?O:N3<=6KTS%M#['PLO>J6^M"\[6\XPA61C'<^VI%?K
MOU`8MTA5XM-F:AJRV5-R%.*!YPI(4V`>Q\Z"!W)+T:ZR4J6X7$.D[UGUE>8/
MZZN;I\H2],(6_P"&ZIQ:PX=@&[W'V_35(.NZBO5U="8T65(<4D,GQ5`N<\[L
M)]7C/;-69";ZB6NW)@P;+:(S#:<E3,A;BRKS(2IL`_2:#OZY`-=/WBV`DIE1
MMH''^_M\#V5/+0HJM4)2D[264$ISG'';-57J^V]0M5:7-KFV>T,+4MMT/&6L
M%!0X%8QX>!D)[Y\ZD,2;U$9M\9AK3]E4MI*4[C<72%)`]OA=Z"?TJ%+N?4+_
M`'O35F.4_A7!T<Y_Y*B[EU$0E/\`[-V-:BDD[+B[@'R'\5]=!-:5!!<^I/@G
M=INR>)C@BX.]\^8\+V5H&NH.LUZP7I)6EK4+BB.F2K_=%S;L(SQ][[T%M5%.
MHO@KTV^RX^TVL^N@.9];;S@<=ZTEQN'4V2PY'9M=GM)4,B:F4I\M`'/"%-@*
M.!V)\ZK6^7*\W518NFH$S@QO#$L0T-;`KNK:GA78=Z#+TQ8G-02WHK+Z6G4-
M!:=^<'U@".Q\LUMKM8'M/Z@C6]L^.U.06&G)!V@E7JD\=L9%8:X=XTP]'?CR
M7Q%?+:$RP@-E[("B"`>V<\>ZL_J3=3/O@;:&&8X*$J'X1SR?ZJ#677X0@`Z7
M2]'>*'05^"C=W&0D*(!QSGZ*WC?3FYIMC\J1(;1(2@+;90<Y]H4<=_FITYL,
MV7=8M\\9H,1W#E*E'>KU2./KJXZ"B([D-_3HM*%I;N:)8=4'."Z!N!2D^WGS
MP.*^M;V\!^WS93$!<&4$MLN,M!2VD(]8*Y`VJ];R]E22^Z;AW#6,D/OL0HB4
MA:@!@KX&2`/>>]06]HC1;DN%'?=E1(Z]OKG`4?/&"<`CSH++M&G7;GI^,J,H
M6*2%9\>(R@+>1DXW?/P:G,1#S3"6GEA:D<!?FH>T^^M%I2_6R98V'4%,1*!M
M\)YT9&./;GRJ']3^K%NTI:VE6D"X3I#FQHMJ!:3M(W!1[@X/&`:"RY$"'*SZ
M5%:D#.0'D!8!]P/:M/JG4L?3R&"XTIU3A(V([@#%5[H3J;>KS8_A"\VI,5$E
M[PHDA*@4J[Y)&,X!21VK.U+#O$Z5;ITB3;"^AP)5X4C>A/(QD$#CGV4&QTGJ
M>+>=0.IEPV423RP^A("BG/R5'S(X^JIS<'61&6A:T!2T*V`@')`)X![UY^OJ
MV8U[>5$DIWH7RM&U(#GX6W![9SCW58>AK@W<K&MFY>`Z_&4H,.2%C>D%(!VY
M[=S0871ZXQ;;IVX?"+[4<&Z2=JU^KOR\OV<"K%:O-N>N:[6W)0J4A`<*1["2
M._T5Y7NUZLTG0]UTDZ@O7)%TDO,K*@D,*#R\9(/.0H\=JS.G&L[7IK449G4Z
M%>`4EV)-+F[8@@C"QY]CSR>10>H+QM^"I86XAM):5E2QE(X\ZK31-PMEON+B
M9S:/O@`;>V[@D_-Y?.*UEYU]#U`B<JVW1A=K9VEW"AZO!Y.>>>>U-#ZWT6P'
MW+C>[4E#0!05M^NDYQG=MS074E04D*2<@C(J)=1;Y?[%9DR-.6;X2F*7R@D!
M*$CDD\CRS6-]U/I]^5<#_O*_96#>>J6A%VN2W'U%$DO.(+:&FU*W**N../?0
M>=YVKY$ZZNZPNEM:9F1+K%6&FT?@I#A4-W?V>=7WTVU7J_57IB;]IYB);5,`
MM/(<R%@G!'!/E5`:KE-O:BL-EN,>>[;6W`7X\<84Z"1D(!(RH#(\N_>IKTWU
M@K1%UO$)^VW]6GWDI5;H:F=SR5<;L95@>9QN]]!+M4]!=.7*#-DV)YV+<GE%
MUE3SA+63DA*AR0GD<@9%5ATPN%WO<B[].K_+5,M\IAU7@277/$#K:=R/#5C(
MY0/5)"<9\^#<2.MMDR6DZ6U2I2,!0,1!(SVSZ_NK#B]3-'Q)TN^,Z&OT><\D
M)=D"WMAQ[D>KD+R>P//LH*ULG1#44[1,F1M:CW9Y].V-(QPA).2%`$C.>WGY
MUU0^@>L79<1NYN06H:<I6Y'5E:4\G."D9.?;5N)ZYZ7*`?@F^!S:M2F3'1O0
M$X[C?YYX^8UTOZ\ZDR(ZW(?3%\L.)/AJ5+*7,'L<;>#Y]Z")?P=[-'AZQU2B
M1XC[]M6(L5]Q//A@K2K&>W"4\"IMI]:%=>]1!!3E-H2%8'GXJ.]5]HT=3M/W
MMNYW+2=ZN"$H<26_2-Q4HX]8Y/GW]]23I?<KC=>L>H9=VL2K-,-K`5'6K<H_
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MB2W?FK?[*?%ZP_B2W?FK?[*#'&L-)DX&J+,3_P`_:^U2HIU<LMGC]/;N]'M,
M%IQ/@X6B.A)'WY'F!2@L>E*4$&U'_*GHK_F5R_J9J<U7KSDN\=7X[;4=MN+I
MV`LO.J=]9TR@-H"<<8\$Y.?.IC&FRW;K)B.0'&H[2042"?5</';CW_JH-/U(
MM$>\Z-NC$A+BBRRJ0T&U$'Q$`J3V[C/EYUY/P1P>XX/SU[9KS=U&Z?7&VZB<
M58K=/G0922^5(:*PRLJ.4E6><G)\L`XH*WKZ0DK6E"?E*4$CYR<5/('2G5\R
M&U*]'CQ_$Q]ZD.%#B?G&WBIIIGHZAJ&X[?W@N=O2IE,9XA",'S..>WLH$#H\
M@:5DMRGP;V\D+0<^HVH=D9]A/!/L\JI!]I;#[K#@PXTM2%8]H.#_`%5[5)'M
MKR!JY.S4MR3XBG/OZCN4K)[^V@TU*4H%<J&TXW`^\5\J.$DXS@5W/(92EHM2
M$N[DY4$_@'V&@ZJ4/;N1\U.W:@;-Z@@IW$D8!'GY5].L*9>(=:V.XYR.<5PI
M;BUJ<<7EU1RI0XR:%2U'+CBUJ_G+.30<5P5.(PME0#B3N22,C/O'G63%3$6'
MA)DI95M!05\#.?UUCG`)`((]H[&@RKC*3,D)>;\0("`D)6C;CGYZQTNJ;RD1
MVW4K&U14K:4@^8X[U\TH+:Z;:M=TW;4NW,W*XHN#RF(<6,GQ5[TI"CPHC`V^
MRK&/4`(0DN:/U3N*05!$%)`/L^75)L:Q0]<]%-KM_H\:R*4E;B%[U.;D*3PG
M`QRKVUZ@BOHE1FI+8.QU`6G<.<$9H(`]U2@QY`CR-+ZF;>5RA!A)RH>WY?SU
ME)ZAH40$Z.U62>W]P)^W4@N>F[1<Y[<Z7'W2&]N%!6.QR*W5!!_N@H&-VCM5
MI!\S`3C_`-=<GJ`T'%-_%+5&0"0?04X5\WK^=35:MJ=VTGW)'-?5!6&I-?M2
M]/76,C2^IV5+BN)WN0$A*<I(R?7[5NND!2>G&GPD`8B-@X3CG8G/_P#6MUK/
M/Q3O&$[CZ(X0/^K6JZ5;ON?V)2U(4I41M1*!P24"@ER0H%659!/`QVKZI2@Z
M)CR8\5YY1("$D\#)JO\`I_/OLR;)="6'[<MU1<D%.U2E?K^JK&4D*24J&01@
MUK;-9+=94OIM[/A)>7O4,Y^@>P>Z@QY4VU7"YNV&2R%R&V_$'BM@IY&/5SW/
M-1JV:(EV9Y3<*^K2U*96V\YL"%@X]0IP>X)-22YV$3;_`&Z\"6IHPTJ24)3\
ML'RSGBL34JX+S#TQE1E3;9EQ+33G\6L=BH?.*#-F6>W(B./K0VS*2V`J<AL!
MT$#&[=WS]/G71I2ZVJ1:(4>)<A(+;8;W.>JM1`Y)'MK$MBKCJ73=OF&;Z(\M
MQ1>`;W)<0%*&TC(QY<^ZM=J/0S,F:S.LRFX2D8#B&TXR/:`//O\`/Q00O^$[
M,AO:5M=M1*:]+-S;66]V2$^&X,G'ER/KJZHL=AD*6TRVA;GK+4E(!4?:?::H
M3K]I^VV&Q0;_``DR$SY%T82ZL.D=F5C*1^"?5'ZZOYDE++>]0*MHR>V>*"#]
M7-+775M@A6^SNLLR6IR'R\XX4%M(2H;DD`^MZP]GG7?U)B[^G%V8G^!*6B*H
ME;K0VE0!(5MYP0<$>S%34<]JQKC!BW*$]!FLI>C/)*%H4.""*"I>G4?2O3OI
M^=1./+\1^,A^2E+P<4L[1\A.1[>U5CULUU9=9:;LTJWMNJ?6I:7$*=($=0P<
M;.Q)![_LJZ9/2KIQ;VW;A(M,>,TTC*G%KVI0/;[OGKSKK/3^C]-:U?:?DOW"
MW.,K>;CPD!`!((0G?N/&X<\=J#2:HTUIZRV.!)9U&N7<I+*'?1$,C:UD`D*5
MNX[^RM.Q\7&M/RRZN:]>'0@,H"=C3)"@5$G)W93D8P,=ZT\DMEU1:1X;942E
M!.2D9[$^?ST0II*D;T%:0O*AG!4GV9\J#;Z9N]UT_+-[M>$+9^]AQ2=P05<C
MZ?5[U:]KG7+5>C&K^I4F9>[>\Y$D$+\4+C!`4%.!1&!E:N><D8JFVFFI]Q:C
MPVQ'#K@0A+B\A.?:K'^RIC?;3/L>I9<+3S$N&TE@#"))49K9)!4@[1E)Y&/<
M:#>=/[I<HZYSD*+:94)]8"F_#R&.^%!O;C=C./IJVM,OWFWZ><G6AL.QA*<0
M^@HVK.6P`<'&1DCCW5!>E>L[5IR1&9@V1,,/+\*?OD[UI(.`3E(QQGBLR_7O
M7,W4<5O4S"7-.RE%]E41.]M*.<`+P,GCZ,YH-_"1<[7+,JY29,-GB0I36-KC
MG=(V@]SDX]E9=HO[+L>?#LUHNC["D(0N]6Z.E3^_?N(<]8%/JGL">.:UFE8,
M+4D^:TJTB'#CSD-GTN84E]A6[)2-OK$8'SY\JF]ANT&UV6^R;3:8L&'$5AI,
M4[E.ND!(4I.!D<CGW>Z@S-/WFV7Q;ECN<%"DQMH8>D#*G2C("SD>JKS&,]S7
MQ$M,'2FIUW.2MF);WAX,8F4HJ<6><%&W'M\_*JGMJM4(DJO6I[E$GS)2BJ+#
MV^,E`7R5;3C9Y;>^1GMBI7)?U^Y:Y\:?I2W3%VP%U$V9)+@^1NRV"WR0#[1V
M-!*^M=T@Q^FMX\>6EAQ]DH8!/K.*/;'S^VJ$ZAW^?K><Q:M)S+C+A1(:$264
M+/@JY&5XSS@D#./*JVU%J2^:CD)>O-Q?EE!46TN*)2T#W"1Y#@<>ZO3G\'O0
M8M.G'KO=HH]+N2"D-NMX4AKCU3GVD9^F@B.BNE33&@KU<KC!:N\R2W_<[#6`
MIM20KE*R,\Y'U"I'TXO\YNQQ]&H>CZ>O4-PL1K;*]=R4G^,*M^!M[GV_)]]7
M2];TIL[MLMRDPP6"TRM*,AKC`..,X]E4]TG9B3=9W9-W@>G7J$M3S5UDC#J0
M"&]H'D.2>_8T%T0O2!$8$PM^D[!XFSY)5YX]U86H;C+ML`OPK<Y.D%02EM'`
M'/=1\ACW'FJWUGKNT:>ZD0X%QO5PCIVM;V0T/1T!7X17OX'MXJRI=^LL,LB5
M=(K)>;#C>]P#>@]E#VB@RDQV7G(\Q^*WZ4TDA"U)!4V%8W`'RS@9^:LFOE"T
MK2%(4%)/8@U]4"L2?<8=N0ER:^EAI1"0M?;)[#YZRZU%^L4:]B.F4](2VTL+
M*&W"E*\>T4&S#K2G"VEQ!6.Z0H9'T5Y<_A-:S3<+HSI&(O,>"M+TG*!RZ4^K
MM5GD;5G(]M;WK5J5.B=0%G2Z5M7ZY)+LJ0XWO(2O(2&E9]4YW=O=5-:*TK<M
M5ZC:A.6Z8^5R`J6^G/WM)!)*N..2.:"(ICOK;#B&E*220"D9[=Z]+=#>F5RM
M(CZMD3?#,J,0EAL94$D@@^7/`XK9=#='V*#>-5*#*7G8D]R&V'5;E(;2<`X]
M^3S5KM2;RW)A1D65AJ(5K#JTR"?#0%$)P-OF,'OQG'/>@P'M)"Z:).F[U*=D
M.J:*#*6LN+W>2\GZ./=6KZ3]/6M!6V4QZ8Y)DR'5*6O.$E(.$^KY'&,U8-*!
M2E?#K:7$;5=O9[:#[J+:_O,VRVAA^`MEMUV2AHN/)RA*3G/T\5L+2U+LUB4J
M[SUS76$*<<=(YP!DCW]JHGJOU$5)A,*C(6VM:RF/"*ROQ^?5=(`&,=L>95CR
M-!(M#ZITWIJV7^9J&>U`=E3E/DE94I_*4#*$`9(]7L*AFN>KS6IWF8.GK%/E
M16E<%2`DK4/,!.[`[\5V]%.GL'4\RXWW6;#\R7%D>$F(]PUD!)RH#O\`*QM[
M#'.:LW6&BG-[+UF:YR$!EI&QMI(X&`.!]5!46FNI,O1\V2]?-&7)GQ&TI259
M0485DGUDBK28ZSV*Y0XSEE0F1)6DEZ,\HM+:(QY8.1SW'LK=V&X2;A:6+?-L
M:YLR.0U(,H\%.?E9(.3SV]W>J;U]TX9?NUVGV%+,*1&?4M*8BC@9)(RD#U>W
M<=O?075JBY0+WH]<94]N')F-I<0@N;5>JO.,CV[<?369TYDO2-.M(=C>"&26
MQS\K'!^:J;Z-/VZ[W67I?6$9UC44906TVX/#\5*<$_\`6'?WCD>=7[9+2W:6
MI+;;JW$O2''L*[)W*S@4&SI2N%':DJP3CR'<T'-49+>+'\)1Y\-J<+5C4O8G
MNK",X%7#9;O&O$=Q^*AY"4+*"'4;3FJCUOG2O7'3&HR!*3?4?!H9!V%DY0C?
MGG=\O.,#MWH,Z;'U7JQJ5-2A;<5M9+4?)22>V`/FK`@V2[6ZTSICK<".R0II
MPSFP5I6`1A'!QG/?YJN^J?ZJW:6[=C9LXB-(;=VX^4H\C/S8H,.\:CFZAMD>
MT0[<?O)!*DDK*P$XXSVYY^:L?3D.VSTRF[B7I<\,9C,API("0=P^CC`J7:6M
M:UV*S3K&ZUN:=<=D*(VEXX4G!`SR,CGW5"K^]>H4Z/<;C&9CRU/+?0A36%$C
M:?6'FGMCZ:!I2]R-.W)^4W$6ZPO+;B>?5&<]\=^*LQK5[-P=M0MBF5!]PB2A
MQ6%-#C_]M;B#;X1LWAM16FDR6@MQ+*=@4HC)[>^J5O>GKK`5)F*MKS,5M>4G
M!(2,\8-!9FHX>F3+FW!ZX-1[@62VI2E;D]AC*.Q.`*I%UYMA`6\K:DJ2G.">
M2<`<>^LZ%&EW*4AAAMUYU7DE.X@?-6PU3(N&G;*Y'3;VTO,.I9<=B\JD+)"4
M))P,^M_704=K.5+A:AE1E&.I]&W[^AD)6,I!'K#G(!QFH\KQTM1V@AQ*RK>V
M=_!SC&!Y'CO6YMD"Y:DU.4/PKA/?4X3(:807'0`<?JX%>A4=+M(V6UP-.S;(
M]>;A,7O,QL>"ZD<;O;M`&3CYZ"K>G-^C*O4:'*BHM8<(C.SV!]\4<<@D8)SC
M)]XJPK_I_1Q#<O3D>*A#2"AW>V`XHJ&#DXYSFK5MG3G1$$,*8TQ;@XP@);=6
MT%.'`[J/\[WU!=11[Q&B2;>U87(MM0\5%T-9W=L'=C@<=J"(VJW:9:C.19ML
M*4XW-.,8!0YY';CV$UUR+7!7.BOWBV-RDI2-J'@#EO/8=\>=;&):9DIAJ2$A
MN,MS8IPD9;[^L02/5X[Y\Q7UJ=S2MEO3<=%]BNP]H6XI#Z%$<X*1A1]E!J;3
MI'3L_4[KC5H0F$X?%7')"@RVD8)!(X&2/*JOZ@)M+VI%_`CL!%NW>$PEATJ"
M4Y[J)2/;5E6/J!I*P7N[7!\R)[+NUN+%0K<E"<$*))X.<`_MJF]3NVY^^3'[
M2E"(+CA4RA((V)]G(%!D7F)9;7<(C<&X*NS0;0N24I\-.X@%2$JR2<'(S@=J
M]$]*];:0N_P5IMW2Z69*F#O?>CI6C<D*4=RSWX'<^?%>6<\YJ<Z/ZAWRQ2`S
M(WW>W.(\)RWR7"4+3W3COM(.#Q[*#V((FC/[F(AVC[\O#/WE'K*SY<=ZC^JI
M6D;'=(L23IJ$ZXAL/MK$-!"<DC@^1R*\XW6^ZGO*XDBRZ1F0V6%*"5-I>=!6
M5<>L1P1C'%;BY2^K^I_1[BYIY>$LAE+Z8H2"D*/<J/M)H-;UFG2IVJ6[_&GN
M-)PE,9HN*"VB.Y3[!V]E;3IMU=NVEI$F'>6)4Z`MT.O.//J=>:]0)`!)Y!('
M'OJN-6JU%&GKMU^D9>2$J4TAQ*D#OCY'JYK)T3HZ5JJYQ(#%RA0GI"U!L2%*
M"E!*2HJ2`.1P1\]!Z5NG5Q$_3$6;IEE8N$F0XVEM]L'8A&`2H9[G<,#YZTO1
MO50^&KH[J#5`"%,Y")LS"=VX<C<<9QD?-5>_<BCC4473[NJG94E9W/B)!*TQ
MDY]92R5C`&>3BK!@_P`'+36=LK4EQD*20%!E#;?]85CRH(QJ+7:+=UC%YD+M
M4^`"VVP_$G;VT-\X4HI!];'<8X/G5L2>MG3AA']_2ZY@92S%=5SCV[<5IF>@
MW3N(IMI]RX/.KX0'I8&XCOPD#VU(8?1OIQ%"=NFVG5#'K//NKS]:L4%>M?PB
M(#=X<3)MKKML];:IA/WP_P`WA1'TU$&.LD6!U)N6K85GDRHTZ*(_H[SB6UMX
M(/!3N!Y3^NO1L/0&B(>#'TG9TD=B8B%'ZR#5=ZPBVVW];M!1H,./'^]K46F&
M$HXVNC/&*"/_`'>]4S\BT:`<63V]=U[R_P`E`^?YJL;HG-FW+2T^XW&+Z+-D
MW:6Z^QM*?"65@E.#R,>^K%QZOT5#NG/\3J3^GYW]I0;C5>H8FE[)(O<]B0[#
MC8+I82E2D@J"0<$C/)':OAK42S/A1)-ANT43%EMMYU#1;2H(*L**'%$9"3CC
MOQ4<ZY_R4ZC_`.1;_M45(8D74!??-QN,54944):,-@M*;<R<J]=2\\8Q[,'V
MT$@I5%V:]7^#TGB:Y?U%<9,^4PF(4/J2IAGQ)6P/;<?+2">2<'@$8XJ8RS<;
M!KO3]HC72?)MU\8DM/(DO>,MAUI`6'D*5DC/8I^3DC`H+#KI$EA3[L=#J%OM
M)2M;25#<D*SM)'EG:<?,:HRU734/Q&TIJUW4ES>FKO28CK*W!X+S2I2VU!:0
M/6.!P?+`QBI-I&WJ7U)ZC$7&>A33D4((?)QOCD]CD':2=H(P*"Q[1,=N%NCS
M'H$F"XZG*HTD)#C?.,*VDC]=9E4MI34=]N>EM!0')3DB7=VICTAUV6IA;_A*
MX0'4I40?6SP`<([@9KNU`O6-DTPQ'F:@+<H7^,RPY'D>,XF*ZXG#;RE(25$<
M\\9&,YH+B)PDD#./(5#%:_A)%X6+)>5LV=XLS76V6UAH@`DX"]R@`020#Q4A
ML=M<M4%<5RYSK@2ZMP.S5A:P%'.W(`X'E5,S9NH+>UU&DVQ+'P<;V6[@Z&BX
M_'84R@..MIR`HI2<X/O/E07=:[C"NUNC7*WR$/PY+8<:=1V4D]C7>^\TPRX^
M\M*&FTE:U*.`D`9)/T57D]V-I/06F[7I>2%PI4F-"8EJ>"<MNDJ*]^T@%78'
M:<%0P*Q+C:]11[%K)B[7#;;'K:Y(AQQ<5R)#"DMJWC>I"26SQP2<<CL:"11-
M:+F-)D1=-7E^+(@JFPGVVT*3)0,$)^5ZBU`@I"L9'OXJ6M++C2%E"FRI()0O
MNGW'WU5+"95JZ`HGV^Z3F)2;"U*;=#VXMJ#*3M3D':GW#Z*[E.W6XZTT[:3?
MKE'A3M.K??0PX$DK!;&X*QD*Y//)[XQ06G2J8L6I+ZY9;-9%S79;[]\FVXRW
MY'@N.M,;U)270DD*5@#(&2`<$$YKG5R]9:<T'J)U^^%EUF9&<MY:EF0^RRXZ
ME"FW%J0DJ&2K:>^.,\4%S9'MI5<:OMEXT[8UWV%?[U.]`G"?*CN/C[[%R/%:
M3M`P``5#V<CM4BT[,^&;M<;S%FK=M02B-%2APEIT@;EN@=NZ@G_J'VT$EI2E
M`I2E!!^LG\G%Y_['^W;I3K)_)Q>?^Q_MVZ4$WI2E!!M.?RIZU_YE;?ZGJG-0
M;3G\J>M?^96W^IZIS0:Z^SI-OMCTF)!=FR`,-L-#)4KRS[![363!<==B,NR&
MRAU205(*<;3[/HK(I0*BW42_2].Z8DW""AM4D82@N#*4G(Y(\ZE-5CUCN<![
M1LAE,V,7U.;0VEU*E$@]L>WB@I:\ZSU+>'-TN[2`C9L\)M92@CS./:?.HZ22
M<DY-*4"E*4"E*V%E4/3'`C"'/1U'>LY2/6'E0:^E<J06U%M2@HI."H'(/TUQ
M0?:FEI:0Z0-BR0.?97Q78?XO*V5$GU4.YP,#R]__`.VNN@4I0C(P:#D@I)"A
M@CR-$G:H*P#@YP1D&N5*"ADY+A.2K/<5\T&STJTW+U;:(+[8,=]X[U'LG`)'
MZQBO8;+3;#*&6DA+:$A*0/("O*-KMMUTM>-+ZIN5M<%G>?V*4@[R=R2E)4,>
MJ-RAW\Z]7-8*-P4HA1R,T'0(<9J:[/2V!(<;#:E#S`.1_760VM+B=R3Q_4?9
M4&ZIQ[@[:&G8CCA90L>*T@9W<C'Z\5N=#)N2=.1DW3=XX)VA?<(_!!^B@D5*
M4H-'K1*5Z2O25!1'H;O">_R359].-#R[AHFRS1K74T5+L1I26(\[:VV"@<`8
MX'NJR=<[?B?>MQPGT1S./9BM1T@D09'3RR>@2$O--QT-JPL**5!(!2<=B/90
M88Z=S<DGJ!JWOQB?V_577*T)?HS27[5KZ_F:AY#B1,=+[*MIR4*0"GU3V//:
MK&I0094'J4I0*=06-"2.0;6HX_\`TU=3MOZG*2-NH[("%@\6Q0R/]-^JI]6I
MM5_MUUN5SML-Q:I%M6&Y`*<`*.>`?/Y)H(RY!ZF^"4IOUC4L^?P8H?1_'5&7
M.GVN%"4$ZDMC2GUI<4ZW;R%K4DY'/B>^KBK36S4=NN5XN-G8\9,R`0'4N-E`
M.21E)/RAP>105U>GM;Q`Q:I&K[:Q)"D[#&MRLD;<86?%\\YK*M.E^HEG6Z_'
MU+;%K>0/&,F$5X(R<C[X.^:LEZW0GYS$]V,VN4P"EITCE`/?%=%^N,*VVYUZ
MX>((R@4+*$YQGC_;0>?>M1U-<=(V[X5OMDEQ!=$-DQ&?#"7-B\%2BM0``R,8
M^FKDUOI-.LK7"CHNKL1ML[R6QN2Z#C@C(SVX/E4!ZE:>L+NB+0W$6ZW$DW=M
M[:^/7>4&W`$CV<9^@5;5OG6UCT2TB2PS,\!*D0UNCQ0G'?;W\CSCRH,NW14P
M8$6$E14F.TAH*/<A(`S^JLFAXY-:M-_L2K@JVIO,`SDK*%1A(3X@4.2-N<YY
M%!VW:+;+A&5;KJS'D1WQ@L/`%*Q[,'O5'=0[-;Y+EGN/3ZTM26HVYM;]K;"D
M-%&%I"B/DX)R/GK:]2]<6.-JR+;Y%^N$5RW*"W83,%3B7B1D'<#P<'O4*U3/
MT;'Z7QF++<YD2?="F6F.L^.Z2%`!"]N,#*>..Y-!I-5V+3S]XM^H;I<9,Y$Y
MO$F(RUZ.MMQ&$K]<[LG=GRYK$ZT:9TE;K@_/L%VBM+60I-L:CA"0DG&Y"@?6
M'?R\C40U->]1FUP-.W5]/H4?[\TVW\DE?K<GS(SCW<BM3J.YBY7!3C`4B$VD
M-1FCV:;!R$#W9)/TT&K05`*QV^?SK9.2[T;.E"GI0M1<+202?#*P`<?..#6K
M2,GYN:L'4,Z8YI^!8[6]<'VKFHSA&7ZZDH(VA!P!OP6R=P`'NXH-1H*#/G7R
M*J)'\5AEY"W4+5A+G^1[R><#YZNJ5A,)PS%/-R@H)CP]NU#*>,_,.^![:K73
M6B;XQ?[)-,3X.8<S)2)[FU6&BD+7M(&1E60/,&L9N?J%=TN6F'2RJ:X^<2!R
MIH@@JVGV;1V]]!-7+1!GWBW2I2WTKCKRGPCW&1W'GVJ?Z2%HMVH;;)^$"\UX
M+BWG%IV);.%)VJ&3Y8^NM?H?P8T>5:+J^';<J-]]?4T0HNI`"5#G@\JXK'M=
MLDJOH@QI2'4@E9>:[%M(W'VX.`1\]!/XB+5JC4LJZZ:U)&]*@LI96RAG>&E'
M.W?ZPR/5/J\?/6S@7>+)NKL.5J.)*;<;4TY%$?9SCDYW'''EBM#8TV*+-%ZT
MU%7$\626YK:$$KF$G*5K]F,*Y_RJWS&A;/%BSE,LN2)#[;@;4^O)05I(P#CC
MO05GU2Z6Z3AV"Z:H@,^B+1'VMM-;2R./EX`[GOG-77IO/P#;\@`^`GY)R.U5
M1=[5<]-]#;M;9S(0Y&94&T[M^`!CD\9[=ZMJP[Q98/B)VK\%.0?+B@S@XA2U
M("@5I`*AGD9[5UMHC^*XMM+?B]EE(&?IK538#L=;YL\-IMZ=E+\D+VJ0?)>#
M\K&2<5773JP]1[)K&<N_3A<+0[N0E:WQZHSN"PG'?RQ[Z">ZST]:+W;5OW"R
MQ;G*B-+7%0^R'/6QG:!["0,CSJ&KT=J/43+#]RE1K8Y';2W'2ECQ`$`YP4[A
MCS'?V595TG-6RV2[C(!+,5E;RPD9.U(R<?56@T?JAW5"#/B0@BV'*4N*=&_<
M/:G%!GV&PLVEV3);?D%R4K>ZVIS+87YE*?+_`/96[I6EU7J*!I>S/7>X[_1V
MN^P9-!NJISKSKRXZ=A1['8GFVKC/.TO)>(=923C*0.QSCUOU5,-'RKA=KH]J
M/Q5JLETA,.04*/+?*RH%/D<%/SU@VS1*I>K7=2:BCL/O,K_N0*5O4D^2LC`&
M`,8QYT$-UET@N6K;-89=QN[S=_BPFX\U:U^,A92.5#D95DG)SSQ4^T1H>P:0
M:0Q;$K3+\(>*X2`7NV21[,_56GZVZTD:1LT!J,TZ'+B\6_24+"0P$E).>#G(
M5CRK)TG&T_/NL2\L:@3<+HJ,-ZVGTJ0OMQ@9[8`(]HH(!HK4EPT_J/5S,32%
MRNP-T=5X\-HJ"%%7K(X![<<^>:G">HM]*<JZ<:B"N>/1U'SX\JZ>CZEJN6LD
MJ4%!%X?2D@<8!';W5:-!6WW1;Q_P=ZE_-5?LKY;ZC7Q7\9TXU(CUB.(RCQ[>
MU676C>D7L:B;98CQG;44X=7OPXVKCZ_F]]!$6^H=X2U@]/=3%0X&Z*HDCVYQ
M7<>H=R!'_L!J;MD_W$O@^SM4EN=]=M]^B6]RV2G8LA`_NIILJ2A9)&#@?-]=
M:K6R;O-4&-/7/9)C\2(B5`%05R%$^6`/9YT&@NW5<VN&I^YZ,OL9LMJ.7XRD
M)*@"2G)';'G5(V2Y2M3:KFZVNMN9*5E34!AU&YII(X]4<9*0>_\`.).,U(.L
M"IT33+EQ?OT>?,E+3;E^$Z%J2CE93D=QW^NMWI6UV.W6CP[A$>8?M\%"!%=>
M"1(>VY*@,<95GV]Q09O2*_V.QQ;UOD.>/)N:AL3&)\/U$<$Y[5QJG4L^YWHR
M$/+83&<(82A?R"#C<#[>,UB],W(<34-[L5[6I30:$A+TY6U:$$X#>3CG([^_
M%?>I_@54]3]K<=+*V2&V_P#X:T``9]QY^>@V^F];:VOLU^P6")!DR(R$^D7&
M8%!N+D_A8.7%D=DC'O\`.L"Y6W4NE]4B2-9L>GRT%;SKUE;3'))[>J=V#YD'
M(^FHOTQU%=+'8F'X4A)$IQ<E]M2<I6XI1!)\\X`'T5O-2:@G7V2EZ6XE+:$@
M);3\E/M-!$.I^HG[E<(=U$)BW:RL9#BY<%[>Q,9!X6V<9(2?(\@%0.?*^+=U
M+TY\0[;JZ[SV834IKEK.5%U/"T(3W5A6?HP37F/5.K(,>9#-O0S,E1'5**G$
M[FBE22E:#_.!!YQQQ5;EQ92E!42E.=H)X&:#]'D+2M"5I(*5`$$>8KE:DH25
M*("0,DGRKS=#_A#2TPXT2%HUZ2\VTA"EJE'UB``3A*/.NQ75WJC<D[+9T[W(
M7@>M#D.`C/MX%!Z%@S8<YHNPI+3[8."IM0(!]E4]UO2/CSTV?6XAMJ/.<?<4
MM6`$I6R3].!4,LLSKM'C*CV;2Z(#;J]ZLQ&T<GS/B*K6ZNA];GHT<ZEN"6FE
MGU$^*PG!'_)CYJ"[I74J`F0^W%B+=:0@E#A44E:LXQC';SS6ETEIU.I)TG45
MX.UAQ\N!K&$N*SR#G\$>SSS5"0-':RNLQF(J_!+CJ@D`R'"/U"K):_@[7*0$
M"YZW6I*0/51&4O'N!4O_`&4%Y_"^FK1'3'-TM<)E'9"I#;83GGL3]-51KF[:
M)DSIUS<UE:W%!H>`RP^%E2L*.#MS[JU?W`=%V]:&[QJ^4E9`5MRTR5#S("@?
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M@*!."0E)]Y-8UJZF.:6L@O$RW2)5MEAM3"4_>@`3ROD')((^J@C%PTEUABEZ
MXW36;%O4Z=BU"X*2HDC.,-I]WZJQ[[TUU4BTFXW;J&F:ET[4I0\\]XG;/)('
MG5H:^N*+Q8++=&8[J6Y+?C)4ODI2<D`GZ:S=$6NTZBTO\&RW'2['D%Q00O"D
MYQ^H[:"J-(]%;'?64JE:R=],5DF,B.D*'/?UE'/U5M=8=&^G^D[.)MPO\Y+[
MBPAH2)#;:5\C.`$9)`]]3M>@KI`U`R_;G&3#2YN0MQS"A[L>=:C^$I9+C>=(
MPKA;67'V[;(4X\E`).PI`W``<@>9\AF@J:^:,TXW:71:FU.W!QDNQ@9))6D8
MY`[$<CZZK^9I74<.V_"DJR3F8'^,+9(1]=:ER0\XE"%.**49VC/;/>I1I+7%
M\T_=;:^F<ZN)%6`6%^LDMGA0Q\Q-!$RA8[I(^BMI9EPFFYBIT-V0V$)QX9VJ
M0=PYW8.WV=JO_KEJRVO:6L:X\.WW-R:GQDK4WN1&3@81PKU5>L._\TU1%OM;
MD]YB;<ER6(+KP#\OP%*0VDD`$J[=^*#-M4O4=XM,C2]G;D2XKLE,E$1!+CB2
MG=@I'L]?DX[XK,B3M6Z89CB[1;JBSGQ&1&6M33:R4G(!((R,Y[59DC2%ETW=
M&C8[NU<(C[(+65A:F,@;O7'&%GUL8XQ4TLR;2=%W>!<%0Y#SZU!IB2<H*MJ2
M#G(XS0>4I[D1U_="CNL-;0-CCOB'/F<X']5>@/X,NDHDI=WO\I3;KC!,1@I3
MDME2,J6E?MVKQVJM']"7%")$I]B,-Z%I::COA8\0>8QV&>PKT-TAD]/]/CX!
MT_>5O39J@XXVZ^E?WP(Y"2,>0H)''T*WIVPW]O2\N;\)W!@A#LB1DI<`.TA6
M/5Y5WJNHVF.I>F%R+U$9:ERWVBF04.EUTYXP`,;L<*]V/=7H"E!1\#0FJ;QI
MI,ZYR9#-_BK+\)4AW*ED\E+GL/`P?+G@U<=F:E,VN*U.5NDI1AP[MV3\_G6;
M2@536NR/N]:!'GX+G]3M7+5/:[*_NZ:!&%;/#<YQQG:[Y^V@N#RJ'=.?XG4G
M]/SO[2ICY5#>G2DAG4>2!_N_.[G_`.\H-[J6PV_4MI>M%T#RX3V/%;;<*-X!
M!`)'/<"L\10(7HGC/8V;/$W^OVQG/M]]=N]'\]/UUSO1_/3]=!H;?I&Q0=+J
MTJB(7;,4*;]&?65C:HDD9//<D]\CRKFV:7@6]Q+XD3I,EM@QF'Y4@NK8;.,I
M03VS@9/).!DG`K>[T?ST_73>C^>GZZ"*(T#8$6&'84)EIM\25Z6RV)*LI=W;
MP=W<X42K';)K8ITQ:V[S/O3(D,SYS:42%MOJ2E92G:E>W.W<$\!6,UNMZ/YZ
M?KIO1_/3]=!$U=/M-G3D+3R69+<2"X78;B)*TO1EY)RAP'<.Y\_.NU[1%D>M
M,>UNF:MEF2F87%RUJ==?200XM9)4H@@=SC@>0%2?>C^>GZZ;T?ST_70-OJ;=
MQ[8SYUIK-INW6B3<I$7QU+N3I?E!YTK2XLC!5@]N,#`XP*W.]'\]/UTWH_GI
M^N@BS.@].-6*7I[T9Y=GD$GT-Q]:D-'=NRWDY1@\C!X/:NV!HVTPK5.MH>N$
MA,YKP9#\J8MYY;>"-F]1)"0%'`&.Y\^:DF]'\]/UTWH_GI^N@T2]*VM>E?BJ
MKT@VKP!&\/QCN\(#&S=WQCCVXKAC2EL8NL&[(7*]+A1/0F%J?)"6N,IQV/8'
M)YR!6^WH_GI^NF]'\]/UT$35T_TXNQOV5QB0N*[+,T*5(5XC<@G)<0ONE6<G
MCVGVU]/:$L4BP.V.49TB,^ZEZ0Z],<6\^M.-I6X3N.-J<#.!@5*MZ/YZ?KIO
M1_/3]=!H-23[G;V(T.VV&3=URDK:+F]`;95M]4N[B/5.>2`>QX)(!SM-VB/8
M+#;[-%2D,Q&4M#:,9(')Q[SD_36QWH_G)^NF]'\]/UT'U2OG>C^>GZZ;T?ST
M_70?5*^=Z/YZ?KIO1_/3]=!">LG\G%Y_['^W;I7'6-23TXO.%`_Q/G_]^W2@
MG%*4H*J5<;];^J6J_@/3GPR7(5O\4>FHC^%@.X^4/6SD]NV/?6[^,FOO^#?_
M`/C;'[*YTY_*EK7_`)E;?ZGJG-!!?C)K[_@W_P#XVQ^RGQDU]_P;_P#\;8_9
M4ZI04?U%UOJ+X)DV>XV-_3\ASPSE,M+WI#2B0M*%I&!@#GN1D=JI=2B>-RB,
M\;CFKE_A!F*J7:-LY!E(0YNC=U!)VX5Q\GL>_?'':J9H%*4H%*4H%<8\ZYI0
M!P,"OI"RVM+B4)64G.U78_/7S2@E*5L7&WEU4-&]L**`>3G'NJ+<Y.1@^8]A
M]E;>S7!J,DM/K6`I6$^:17Q?DL>E)<:<2I2AZX!''LH,!3[BX[4=6W8U\D@<
M_37&QOP$N>*/%)(+>.P]N:ZZ[%/.J;+:EDHR#MP.,4'77TTL(<2LH2L).=JQ
MP?<:X2E2SM0DJ/L`S6[TC8$:CN[-O?,A,5Q02\N-RXE)\QP?KQ065JNXOW[0
MNGK'&MCT69<);28L=7`*&BAQ1)(QC"5?55W1D%J.TVK&4I`.*HZ^Z7;TYKS0
M[:+S<YZ%/NI2B8M"@V`RKL$)2?KJ]J#2R[]!:O(L2P[Z:XR76@IE10O`)P#C
M!/JFNK2MTNER9E&YV[T4M.E#:\%(<2"?P3R/+ZZV\HQ64B7*+:`R"0XL@;?I
MK!C:@LLI2$1KC'=6O.U"%@J5\PH-M2@[4H(]K+4=JTY;$O752PB2LL-I2V5%
M:BDG'`/D#41Z'/QG+#=W&6TM-JNTD)&-IQXAQD'L:EFOXT:3I"[^DL^($1G%
M(QW"MIP16#TGCNL=/-/A]&UQ4)I9RG!Y0D\^^@F-*4H%:J!-L*KG,B0)<!5Q
M"LR6674ET$9^4D'(\^];6M':=+V6TW>Y7B%$")]Q<\20Z5$E1Y^KN:#>5CIA
MQ4S%S4L($E:`A3H'K%([#]9K(KIF2$1(SLEU+BD-I*B&T%:L#V`<F@[JZI,=
MB2T69#27&R02E0R#BL6W76'<(L>2RM;:7R0VA]!;6<$@^JK!\C6?05YULB6E
MWI[<$SU1FG4(_N(NO):^_>023QNQN_76VZ?-0Y>F;+/5%9$]F(AA:DG<ILA/
M*-WGW_74%_A-OF)HRTR@A#OAW9L^$X,H5][<[XY_74?Z<]9YMQBIM"--Q%7+
MQ"4(CR41FE(XX`=425\'L?906%UPU3*TIH9Z3!\5,R8Z(C+S:PDLJ4"K?VY^
M21]-4;IS3,S0>JK+>;^J6TZ$>D2W`G>E`<RD(R,Y5P<\\Y':KZ7J#5TI*&W.
MGCH"LE)>G,*"3GN1GBJWU7KG46JK^UI*SV%\3(KRE3HX=:*'$I`4$E7D1@^8
M[T'?JG5EDNVO;)=++:&+_P"$PH*C^"KQDJWC!">X5CL2",$\5`^OEO==O5LN
M+MO>@2I)4QX)QLVIP0I/'M4?JJ77&T:ATM+5J73>@9OPJM`;?$AY,ELI."=J
M&B%`@@`<]JUZ+H[,OM\M1T_+EW.Y**2TN8UAHH&<I)['GM[J"MD0K>RPT[/:
M;6S'`*RXK&?:![2?9[JDFOM.Z&1H:!=]'-W"4L/EI<B1][4H!(.]22D%0.<`
MIP,_,:PNI434<2WQ;<_H]RUVULI4E[:IQ;B\<E:P2GN3@`"M_?+Y99?1&!%M
M[DQ<^"TB,Z^(#H94=X);\7;L!`5GDYY]]!1V0E84,'G.,5<O3RUV+6<)Z.S9
M8S=[@)"_!:"@F0C.#A1/!^5QGG'OJKK;;DR8LF4J0TAME20M!!*BDYR0/8,5
MZ(T]TX;L+#.L69C%AF-1-V7'<,MK5N3W4<#.0/6)[T$8?TA>3?G69UHF0M,(
MBJ?80_N\)MP!.05?@DDDX)_JK`ZBP;%HN4W;7;+#>D2%A]+B7"2VV<#.`<^1
MJPH\%Y.D+KK^]7)J[W-J,X"VB4A^*L)&!GPL`D8`X/MKXU7IZX]5A;+O9'8@
MM\3:H$J&Y2_-`/NR#S05[>M&WM[2J[UINT2T0G4I<<V;DEQL@D*"3RH8]GMJ
M>])='Z=U-HR#<H<V4U=HBU)>`7E++W/<8R?5(\_.LBY7/4^G'HT%V8-T4^(E
MI!2M)YSM5C^JJ!OFJ;RW<I:(@<M3:WBZMAL%.5X`W$'SQ]%!Z`UCH5RSPEW'
MT5^]7:6O8ZMAI:4!KG=O`)]WF*A^DHW3R_:AGQ93DJ-'98"P$NK`W;@"!GYS
M6FZ,VS5&K+G-A.S)GP&^PX);I)VDJ(R`?YQY[5=EMT9I/1-OD:>M["KA/N7W
MQ+4UP`NXQQN&T`#;GZ*"*=0^G6D(/3BYWFT.2'5MM>(T]XY7GW'RQ5W6)OPK
M-!;\3Q-K"/7]O%0'J<R(O2"YQ3%;B%J(D.QVUYV<<@'GZ*R+-U+T\B!$C.B[
MNOI:2%*3:)`!X_XM!8U5_K?J?I[3+4B.U):G75I6ST)E6Y85C/(&<<5'->=6
MH"+%)B:=?N$:^N)(CI?M;R2<=\!2<9''?@>=>?-*6!BZ725-U@Y>8K9"EA<>
M$XM;KIYQD)(')SR*#U+TZZCVG6%F0],=APYZBH+AE]*B$CL3[,^RIY'\#P@8
MX;\,]BV!@_57E70-KTC%M<M6IG+XF\2=P<,2VO!3:3GSV$?JJXM.ZZT79+,U
M:X9O(8BH.WTBW/[UY5DXRGUCDYP/*@LVJ_UG9TZDUA8;9+M+LFWQ0J6\Z5[6
MAW2`01ZQR1Q]-%]5]*(!*TWA('<JM,@`?^&L6+U?TPZMX2(EWC!"PE*EV]U6
MX$9SPGCZ:"0:HU-&TPJ`P(H4TX2%A/JAM`QR!]?%2=AU+S+;R/DK2%#YB,U4
MUYUST]NERBSUW&YR/05A:50X3CK60>Q(01Y>VMJSUBT0\ZIAA^Y..I&2A%L?
M)2/;@)[4$DUQI>!K*POV">^ZRRZMM:EL$>(D)4#QD'&<8[5`^G\&,=4R%15L
M1V(0\%+30V[]N$]O:<9/OS63?^K&B)$`Q7+E<X3D@#P7#;GDE1\L93R,X[5I
M=-:OTS;;C*N]TG7&?,=2`AY%FD(VI``_FX[@<T&^Z.H")^K^4@KN[RP$G\$D
M8..XJTJJCHH69#VI[@T'AZ5<7'/OS9;7@G(]4XP*F&NX6J9EH2=)7<6^XM+W
ME*VT*2^G'*"5)5M/L.#SWXH),I24I*E$!(&23Y"J@Z67";\:9LV:M?HVK67;
MK#"^-GA/%L('MRRIE7T5EV-FXZJBSK8]KS4$.>VA3,^V28D1#[`4,>37*2#P
MM)P?(@U(M1:<MC%LL`:N\BS.64AN%+9"%*0GPBV4$+24D%/?CN!0;'71F_%F
M7\'E\/G:/O*"I13GUA@>[-1#I3;[@U*FRI5N6VTXD)#[Z2%DX[#/E[?HJ):K
MU+?8=]19=.Z^N$V2A:6YLUV+$5'B@GE/JM@K6/YH^DBK?NMZ:L6FVKA(=5*5
MX:$I7LVEY9'<@<)SR?8*#S__``A(]JMD_3FE[=$;90M_TQTI4,G>0@<=\>J>
M??6;-<,E"93RU!S"6T)+9`*4C&0H\'&!FL;KY>&+U9-*7IM#<>8B2HJ22%$(
M(!2HX_!RE7ZZET"/8V+S!A2IBU(@I#KDQM:0RZLX*D[2,]\X%!#+3!4]=+A\
M'A;\R8PEMY"3N*4I5OR/,'C%2*RZ1OMT<94B$IB,XO!>=XV@'!.TX)Q[/.MG
M9[+`N/6J_-O-GT=J$RZTE*BD$^*<$8[C(JY93[42,[)>.UII)6L@9P/.@\Q:
MAL4KI[<GH=S!%CDNJ<@34)RV@DY4TOS3@G(SY?J[F;A956YTS)T!458(4%NI
M(4D^1YYJ]XM[TWJ2U>-(6P8CCJHX1*PD+5@9`![\$57>I>DT6--<GZ?L\%QO
M(4EDMH"D'DG!(Q@<8\Z"L--=+H&NY=PFVEYRSV:,T=DIU!4'W<YRE!((;`\\
MU6URTM<(^I)EAMH^&'HWK;X"%.!Q&`=R1C)'(KU;J:(C3>A&K,IM:I=Q=2E2
MDJX2H$*\N<8&,"J6T=<YMEZJWNX0PV7(S2HY"D^J>4I((_ZIH/1'2QV0]TPT
M^IM(1*1`2T/$2>%(RG!['NFOG46L9%F,2`(S$BX.-CQEAS:TTO`X.>P)SC)\
MJXM2[8BSR-7I_N"1-8*7/'6I38.<<#/F0.U5^[96W&(]ZN%V0U#DO*"_[G<"
M^",[0?+G@T%TMW6W*:849L8J>05MI2X"5X!SM]O8]O95-:MO?QBOZ6524M0F
MU%#)*3QSRHCWX%9&H-3)C,)L]D0&(++?AAQQLI=(/)'K=AS[*C5^BL6V]=+G
MV%QGG9LYP+<)*TG<MG:DX/<9/^V@N/2FG;7IRVB=*<9,A2=SDET@)2#V`/D.
MWTFL;5FLX;$5R#99C;]Q=VI06_62`KC(4.,BI+>;-"O45$6>A2FT*W`))'.,
M5K;)HZSVF2[):9\1Q2]R"LY\,>0%!'-*:(8DP%R;\TZN6XHD)6<[0><\^WO]
M-;*;H"TB"404E,E!4MM:\').,`]N./UFI.N>L78VY,-U0]'\?QN`CY6W;\_G
M6+>=26:S\3IJ$KR`6T#>L>\I'('OH//&N=8V^',BZ:^)D*[WIIT)>=G,+"B,
MY`#8(4#C&#G!`SYU8,3I@^_J:%K*/=9MN<"A(%K)REI7<-9[;<\$8[>RI+9K
M_H;4FL'FH*4/7Z&P%*6MA22$''8G@GD>^IU04]'TSIG6:)"KW!C.W*'XS;3+
M+N%+!423@D\Y\^U4O%LD!I:T7#3DJSFVRLH>D.IRL((.UWU0%D8Y(`'->H+U
MI)B?<HUPCN>CK92H;4<;R?;5:3K5+M-LNIO*XRI<5DLP([CJ5%W(("MH.=O;
MD^^@EVB;<]>[=<AJ&$F3!FJ;6E+H]10"`!M'LQ4;ZQ6ZU7>1:[:TY+5/B+"@
MAHI2W@$8WC;ZW;R(QYUF:=M/4V-9XJ;?=['&C.I24MO1G7%MY&3R%8QG-9QL
M74Y<Y$_X4TNN0E.$O&$\%8]F"O\`_G-!O])7JTW:VLV;9X4MEG8XPI/;:<$@
MXP<]_IK6Z@NDW2MT0(%GAIBOE#:7`VK*@#V)!QY\?/41ND+6VD7'M0SKQIF!
MXY+:WD0GUIR?6Y]<[1QG)X^NH[I?K)J:;JARR7!%HFMY44/LMJV^J,Y'K=J"
MS-+WE,9-[5>"^S&9492WG#ZB4DD[>W'RAY^55WU$N=^UNJ#9+,M$2(J2?%67
MPVI2%`).XD@*\^`*J_5NM]41NH<N\R?!:DI(1X"4GPEM`>J"G/F`#6WM.J%:
MEN]MBQY4*U2)#A=DN[%):BI2,^J5$^S.22*"NM66*1IN_2[/)6E;C"N%)((4
MD\@\>[%:ALH"OO@44X/"3@YQQ4AU]*1+U5/<;NKET2E?AB6YMR[MXR-H`(XX
M(':HX`2"0.U!VMO*2I!5]\2DYV+)*3]%?;+DM2%QF%.J2X/6;3D[@.>WNQFO
MEI9+3C*G=B#Z^-N=RAV'N[FN6D>%)\.0AQ!&04@[5`XX[]J";=-[HH2'K:Z5
MJ"T[T$JX3CRQ[\_JJPDRF/2&VO&1N4>,J]7(YP3V!]WO%4_IQJX(O3*;+'5-
MGL*2\T&65NJ4I/X(">XR>]7_`*.Z5/:LB1M2:JE76!<'G5*?B!`9P`-H`2I.
M1D#GW4$!UIJR"6GHCZE//K3X"VF%;"VD<'G!P1[#4@_@^:.U'`U6F\W'2[C4
M)(4A,F:"TXP2@D*0E6"K<"$Y`QS6UU_TRLF@89UE9GGA*B2T.L-/K2II!&XC
M((RH<#C.35U1M36UN9!M3TC,MYH*4<C:D[<X)[#_`/I02.E<`@C(Y%<Y^?ZJ
M!2F?G^JF?G^J@TVIIM[@PDO6.THN+V\!;2G@WA/F03WQ[*I9%YD:CZS:5EW6
MW2+7,AEQA,=T[0OU7#G!&?.KUN5UMEJ:#USN$6$T<X7)=2VGZS5%=0-2Z:1U
M>T9J1F]P)4"*A3+ZX<A+ZD%0<QE*"3CUAS[Z#T$.U1B;H/1D^8]-F:9M;\E]
M9<==<CI*EJ/<D^9J3CM2@B/W.-!_DE:/S9-<_<WT'^25H_-DU+:YH(C]S?0?
MY)6C\V33[F^@_P`DK1^;)J74H(C]S?0?Y)6C\V33[F^@_P`DK1^;)J74H(C]
MS?0?Y)6C\V33[F^@_P`DK1^;)J74H(C]S?0?Y)6C\V33[F^@_P`DK1^;)J74
MH(C]S?0?Y)6C\V33[F^@_P`DK1^;)J74H(C]S?0?Y)6C\V33[F^@_P`DK1^;
M)J74H(C]S?0?Y)6C\V33[F^@_P`DK1^;)J74H(C]S?0?Y)6C\V33[F^@_P`D
MK1^;)J74H(C]S?0?Y)6C\V33[F^@_P`DK1^;)J74H(C]S?0?Y)6C\V33[F^@
M_P`DK1^;)J74H(C]S?0?Y(VC\V32I=2@XI2E!7W2J''"]57383-DWV8RZ\I9
M45(:>4&T\G@)"CC'MJP:@W2S^]^H?^D5Q_MS4YH%#R"*4H/*_56`J!K>X!4M
MR3XY\?<O/J;B?4Y\ACRXYJ'5;O7Z$MJZVZ8B.L-.H4%.@9!4"."?+OY_1514
M"E*4"E*4"E*4'(!()`)">YQVKBNUB0ZRW(;"4*2[CD]Q@UU4'VAI;CI;827B
M.RD@@$>WGM]-'6EM+*'``ON?6S^NM;=[F_;&6%1T@^(I84%9`/JCG(_JK5PK
M](==V.1"M./]Z!)H)'2E<[5;2K:=HXSCB@S+/;Y-TN<:WPT+6\\L)`0.0/,_
M0,GZ*]-Z(T':])>*['==DR70`IUT#*?:!CRKS#;9TJVSF9T-TMR&5;D*'E5_
MZ,ZHVJ38E/:DGHCSFEG?ALX4"24[0D>R@YZA_P`HV@O5W#TE_C('^\+^FK/J
MJ]:/QIVO=`38[K;C"W7EI7G&Y)97CO[ZM2@Z9<9B7'<C26PXRX,*0>Q%:.W:
M-T[;)C<N#;D,N-XV84HA)'GR:D5?*@@*2I1P>PR?;0?5*4H(_KE05H^^`**<
M17`3CMQ6MZ2I0GIW8`A86/0VCN"B<^H.>>WS5L-?DC15\(25'T-S@''E6OZ2
MA`Z<:<V9P8+)/'GL3F@F5*4H%0&;U"AV75CU@U$I$0N85"#3+CJWDDD`G8#C
MM[JGU::\Z:LUY<\:?#2M_9L2\"4K2/<1R*#;MK2XVEQ.=J@",C'!]U?1&1@]
MJQBJ+;8(+KR68S"`"XZO`2.W*C7W$E1YD=N3%>0ZRX,I6@Y!%!CR;9$D2X<M
M;>'HJRILI.,9!!&.WG7Q>;5'NT8,2%NH"3D*:64D>WM6QKHG1A,A2(A<6V'V
MU-E;9PI.X8R#[1F@J7^$1#CR-)6"`^[X4==W:;4XI0&T>$YSD\>7G7GR_75!
MU['>G0H]ADVQU+3B8*#X:5-JR#@Y).>_S"NN7$N\;7+=@N5PFJ\*;AM3ZBY@
M<X5M7D$X/L\ZN7J'TGOMUU.B^04QI30MI3)4YA*Y#X0K*BD`#*B0./U4%QZ4
MO<._:?9E6ZZQI[GACQ'$$>JLC.%)'*3[CBH)"0UH.T72\:TO,.-<;@Z=LPLY
M=4K@`[4#*L9'8<>?%:WI>Q*Z9:,8>U-'+*KK/2VF.V$9C92O&]7F,)]I/(K"
M_A-0(%PT]:KF;LPVIAW"&RX#O2LI!4$CDX`R<4%J:2O=HOMB:NUKNAEQD`I7
M(4A3:5*'"^%`8!/->;YO4:\,]4'%V*+;'$!U3#;2,%#Q4,!6[.2KGC![XJXN
MA,"''Z=)MOID.;EQQ3ACN%0(424Y!['!'''OYJF-&:<LMTZJ76%+DHM\R)+;
MDP6@E6U7AJWK3D`@<)'?V\4%L2;K<+I%^Y_J"S2KK=YC#C[KRF]C+(40I"=P
MQ\D*`R#Y<U5?3UIW0[=Y1KVV/1[$]A*6)2%%+S[9"P&P."3A(W=L>?!KTK>+
M#\-2K;(=EK3'847%H;44%W/8;A@X]V:H#K5I>UF]W:YS]>16_%<*X\!QU;RF
MGL#<@H0%;!M`QVY//%!5ESO"[BQ=78MC*&'Y"W&WD-G#394H[21QP"!]%6E?
MI.HH_0&V,&V27$R7/OSZBI1;;&TA1!]I&.>*JEY>I;E8XP6ZT+5";=+/K-L>
M(C<-^!PISD#VD5ZXZ>WYNZ=-(]XF1&E)2P5.,-^L#M&<84>_NH/./1G3$O5J
M[M;$WX0V3&4UZ.I:CNW=U!.<<8_77H*QV&^Z3L]AL5GE1GO0TYN&TI2%C)RK
M!]8>7U5`N@UGAWG5-WU7\"+@MH>68RDE80K>HJQWVDIP`0.`>,5;-V]%A7Q]
M^VRH;UYEL^&N([(2'"V,JRA&<D_*^J@BVG=*-2^J-UU>U>&;E!4DLF(4*RRL
MD8//!`VGM[:\Z=5=(C3VK508-T;NZI*2]A@[UM<GU5`9YXS\V*O_`$OK#2VC
MI%Q:O]X;B/SI!6VR6UJ6D))!WA(.T\C@XJJ4=/\`45RZ@KNEA0R_:U2$O"2F
M4@A3)QN/?)_"''-!+OX.FK;U<K\]8)BPW"B0$H;CH8"`E2,)RH@?*/GDU:=S
MU%H]^-!U.&U3WRXJ-#\-ISQ%+&[<D)QD<!1Y':L*Y:.LUELTYVSW&/:/3I"7
M7)$E[8DCUB$;CSSN]N>*KUWJKIG0MQ5IRW6[T]$52ENS@M+B7'2C(4@A7;D)
M/;SH)3U>O4N7IB;:5PQ&3<+:I^.%<NN+2D%3>T<Y&X#MYUK5]0&+EHJ[6_3]
MHDB^0HR?#;<B+*UM^JGQ4@)SPHE..^1GM5.WG4VMYE\.MKC;GWVU-K\$*C+#
M##*AZN%)`&,8YSDXYKUKI*VP(EJC28S!2\^T%+<<P5G/.,^SW#^N@\LZ`L^I
MM;]1;8J]JE^-;2VN6J4R4@-((*6R`!@J`(R>^/.O6D&RVJ`TIF)!9;;4K<1M
MW<_3FLL-1V%.R`VTVI0!<<P`2![3[N>]=42Y6Z8OPX<^+(6$[MK3R5G&<9P#
MVSQ0=GH<3)/HS.3W/AC]E8=QM5ND);?>@-.N12761MQA>TCR[\'%;.J#NUYO
M/3O6+M]UIJAN<W-SX%M@I]8HW822%)"0`!R0<Y%!S#NVHK_KBS2K[:V[18&Q
M@LO`-AQ\$'.U6%$9QSV]M3#K/$8>T%+,-]$<+6C=X+0/CIW#U-P'J_/D>RJ\
MZB=1&=02D(M<!IR)&/WB6YG>HY]<#!QM("??\U9VIH=Z%STQ:-,*F+D.02MU
MET!2$[EA1*MWJ@<\$^X=Z"5R=%V67H*"Q:&_BU;G'D3);3Z2%A/!4"5<A0`X
M\L^5:^SV[0?3YE&IC?7)S4AI<<*?*%>)E6<\)[C;@8J3:HN$%&E7[)<I\-^X
M(8"'Q(=+*5G!!(42.3Y<UYYU3KB':($73EECP)L=E1>=6M)6$.Y.-I/L"OKH
M)3KO5=@US?=.1;2TY#3;GG5RSX(2M*"E/JX([^J1VXKT'88EL<M$54>.VMDH
MPDN(25$>_`KR/:=0ZONTFQQ)C,=QN;)4EM]$=I"W2K:#DI`.!G/MYKV!88!M
M=IC05+WJ:3@GVG.?]M!F,LQV5*#+3:%'E00D`GY\5VU#=6]1M'Z4WIN=YCB6
MG@QF?OKWS%*>W_6P*AFA^M+.LM=Q]/0;.J-!=:=4EY]S+JU)3N'JCA/`/F:"
M1:GD6UOJ39I<IUB(U9+;(G3):R$X0X0TVVI7\TGQ%;?,I'%:5S6%GUY(=TQ<
M(\^T1)6Y,&<^CPA*41@!.[Y*B#N"3@D8J2R]`09FKKAJFX/KG/.):]$A.C##
M"FT$)44YPM045$$\#<>,\U7^I&[_`&B3$L<NQ,7IC4$Y2I,18!*AE6`%DA*#
MV4#D$8[B@V_26!'N]K8BW>Q1D+LH,-"D-E`\5I92LG'!)4"H^\U:-YM<*Z0/
M1)D4/M)4%I;!QZP[8^NM+H;2?Q2:N<=JZ2IL:9+,IM,KUG&BI("@5Y]?D9R0
M#[<]ZV,O4EGBN,MKFMJ6X]X.U"@2D\YR/(#%!7_7NS6]WIK,8:;89>8+;D5"
M4@*44*]9(]VU2N*CG3*Q.ZNT!`EQYL5+BG=DQ:TJ4[O;)`&<X'JD'Z15[OQX
M\E(2^PVZGR#B`H?KKSE9+I&Z/]5KEIV3*0-+W5274$+SZ&I7R"H>6,[3[4[5
M>5!OM'-OV'J??VG2N6]$M38.P\N'Q5=LU94S5;3=ABW`6J:\Y).ST;T=84D^
M>01VS]?E51P=-.2>J>JX-KGO>DO,-2$//.>JD>)D<CDCCCYZO>+*9;+%NDRV
MEST-)WISRHX&2!\_]=!6?5!Z,R]:;8&6H\-*52E!K"7`0DDX'S)[U']$=5KU
MJC65ML.GK.I=E8;2E]Z0X/&#:<!3BCD`^7`&>:C/67J_`N\:=IVPP<JW^"Y.
M?:VKPD@_>\\C)!'([$ULOX+5H@F)>+VH(-R;6F.T5.G"$J!)!2#YE([C/''G
M033JF_`BZH@2[FM7HD:"I]Q!40"$*4KCRR2`/;S5+:(B37X%QU-,CEM-RF$A
MU60%$E1P">^5;OJJ2==KNG5&M[?I*TOH<=;2EF<ZWRAM6\DIS_D@@GW\5*=2
M7*R6IBU=.X$Q;2X<(*<\9H%L@@8).,[LY/J^TT$LM4*WWW0:(;:6')[+*EH8
M0Z<H.3R03[_/CFM';646;2%OLUT@.2KU+>4J/'D+W;5$C&"#C'/;-:*T6^4Y
M;9$I+JHC"R&R]D@O<C:A)'^5@^S&:[KE\,6-QCX23X5P<;VL+4L+4A``SCD@
M'!'/>@L/0^DD18+LF]06US'E9`<]8H1_-/..XS4+ZQ!FV:WZ;J9\./&9ENKV
MH;SD!;)*<`'&>V?*K!Z<--(T^EU-Q5+>?47'=SF[PSVP,\@8`//MJ#]95LKU
M=I)Q;[+34+QR^Z\=J&2OP]A/M'JGM[*#9Z`>N%TU5/N3TEQQO*@0ISL,\>KG
M';'E5IU7VB+OI*V)=M;.HK=)N"CXKQ;=&WG^:KV8Q]-9\GJ7HF+<'X$J^L,/
M,[=WB`A)SGL<8/;RH)B0.^.<5'-26%FX,.3VFV(]Q2R4AYX9"1CS\N/;4</5
MK3[REJMENO=RBI.$RHEN=6VL^>#M\CQ6+-ZGV^9#DQ#IW5+`>0IOQ4VIPE((
MQN`*2./8102[3T;33\EZX6LVZ1<$)0U*D15)4=P2!@E)P.W:I'5"]-[U8=$1
MKDW%MVJ9@GR/'47+4YE)&1CU4`5-1U4M9:W'3^I`K&=GP4]GYODXH+#"@5*2
M,Y3WXJM.L.GD2K)<;ZPZXQ+BQ%>NGG>`DD#'ECGZZR3U3M83D:?U(3[/@I[[
M-03K'KAJ_P"@YUOMMJU#'?4Z@E3MO=;04)4"2I13P,`^?ST$?U#U*UM:-+Q/
M0V8<6$Y&0B-<4J+KBE[02G()1G(5Y<8P>:W_`$9L^J=13HVN]0:@F+4E2VTL
MN'"'4%/!PG`_"-=?0"-:+YHI5OND@3V8C^]41U`2F*?6PH*P,@@Y[GDU(M;2
M]",?`4U.LV+="MSB2EB$]XH4$D8!0WD^7F*#-ZJ:ET`Z']*ZKO#L960XI`CN
M*V^KP`4I(.=V?.O+EOO*[->)=XLUJ!A*44M^*E12@=L;A\_MJRNMMVGWBW&Y
MS=*,(B.O)1`NH4H%;122-PW8W'`(XX'!P>*J#X>NAL)L/I21;0\7_!#:<E9Q
MD[L9_!'&<4'&H;N]?;F[<I#;;3JPE)0WG'`QY_-6M0LH5E)(XQP<<5);SH^?
M:+?`N4F3%,.6E!*T+RIDJ3N2%H^4,C)'&#C(J-H;4ZXAIE"UN+(2$I&2HD\`
M"@^Y3K;SH6U'0PD)2G:@G!(&">3W/<UUMJ"5I44A0!!*3V/NK[DQI$1Y3$IA
MQAY/RFW4%*A\X-?#:4J5A2P@8)R0?9[J#)<91Z2V4I6MET@CPDD?.E.>^.U;
M&PV:Z:DD-6RV)5)E..*5X01R,)SN*NP!QCDUF:#MMJNVH8EOOUP=@0Y&6VI`
M.T(<)&#D\`=\FMX_(NO2C7<N)9;G'DR&<M.*\,J`SGU5`CN,YXH+?Z0Z7L^F
M=6>@RK/.7?4QT+=D*6E3,<E(.T;?;GN>#CCBK(ZE:IO&EK6S/MMN9?;\7:\M
M_=M2G`P?5/')QS50.=;[BU;K:+;;8$JZK2LSG)A#7K(("<;5)XP3P>:S;]US
MTQ>[2[9Y]BNC3SR0DE6P(2OR)];.,X-!N>I^IV-2='5S6`TZ\XI#4AIO_>72
ME63SV2#GD_76ONNE9J)#+3T"3-A/-MJ26E*)(VCNM)X.1[:J^9*L;=KN,:'>
M5O/^B$N)VE#+R@/62"0,X/''/LK8PNM.N6=-JA>EH5.<=!CS/":"6FTI'WO&
M,9X/<9Y^:@ON'TRTW(M\9:V[BT5("_#,Y[*"1R/EU%M9Z=TKIB0AMVQZDF,O
M-[P_"E2'$MD'E)`42.!G)XK<=,>K%NU2F/;)C,B/<6HB%OR7M@9<7@9P4G`)
M.2`<'W<5:G"D^U)'UT%,]/K#HO6,%5QM\>\1Q%?4V4OSGB58.`3ZWGCM4I?Z
M6Z:>5O4NXA1[D3GAG_QU.(\:/&2I,9AIE*CN(;0$@GV\5W4$&MG3+3$":)99
MD2B&U-[)3ZW4X4,'A1(JO/X0=ALUHT_9';9;(L5Q=S;0I33822G!.,_.!5^5
M2_\`"7#?Q:L17G>+JWLP?/:?]F:"Z*4I0*YKBN:!2E*!2E*!2E*!2E*!2E*!
M2E*!2E*!2E*!2E*!2E*!2E*#BE*X4I*$E2E!*0,DDX`%!!^EG][]0_\`2*X_
MVYJ<U7O3"=":M5]>=EL(:=U!<5-K4ZD!8\8\@YY[U\S.JVGK?K9W2%Q8F1Y0
M="$2"A)95E`4#D'/GCM06)2N`0>QSY5B7"Y6^VI;5/F,Q@XK:@NK"=Q[X%!"
MNLML1/TDXZN1X/HZPL9&0?G^JO,YX.,Y]]7]U4NUJD6:7$DWJ/N>]>,RP\5*
M7MSC.W(QR._>J!P<`X.#V/MH%*^'5I;;6XM82E`*B3[J^8[[4EL.LK"T'S%!
MVTI2@4I2@4I7TE.Y.0H%6<!`!R??01S4L.6_M?;!6TV,%*221[\?L]E8UH=4
M)3:+?'/BI;/BK6K'!(YP#Y5G7N4ZF9&CQFEJ?R"E25%/<XV_3VK.4&(#+KZH
MJ&7@G<M`/K$^8&??09'CYE2&O#4EIOE+JL86*^VE)4E:FW"I*R"<*)&1QV[5
MIF';M-4Z?#:9CO(!`4`K""<';[3W[U]VZSJBNI<5)<*4J)2@*P._&:#<U]LE
M@/-^DK4AG/KJ1C<![L\9KXJ^>CUDTO/L"9AA1G;D5D2&WOOV`"0/55D#(YXH
M,:ZMQDZBZ8JBMNMQT)<VH>VY2GP5XSSWS5TU1.OKZ['ZCV-3EJ=7%MS[C34=
MAD%V1][/+><#C=[1P#4VB]6=&J;4+C*DVJ4A:D.19L98<00<<[0I//<8)H+`
MK@I"L9`.#D9\JA`ZJ:"./_:!'/\`_;/?8K[1U0T*L@)O[9)[?>'1_P#)036E
M0<=5-`G&-0M\]O[G>^Q72_U8T,@#P;VV\H+`<2EIP%M/FH@I'`H-YK_?\2KY
MLV[O0W/E=NU=/3-M#?3S3`;3@*M<91Y\RTG-1?5O4O0\W3%WB1=0QUON1EH2
M@M.9R1@#E/OKYT/U$T7;M%::@S-01FI+<%J,ILI62%MH2E0(`XP?;06E2M<+
MU9RTEWX4A>&H9"B^@`_KK`O3XG(83;M3QX`2L*=*?"<\1'F/6[<9Y%!(*5&[
M/J%V7/>BRK>[#C-(PW(D/,_?E`XX"5GN.?FK=&?!'>;''GRZG]M!U7NU0[W:
MY%KN#9<BR$A+B02,@$'N/>!7-FM<.S6YFW0&RW':&$IR3_760U*C/*V,R&G%
M8SA"P3CV\5W4&//E"'#=E%IQT-C.QL94?FK7:>U!#OK3ZHZ5M.,K*5M.X"P/
M(D>0/^RMS49N<>V:73>-4,09#LM]L>,EHE9<VDE.$YXY4>U!YB_A#L7&%U+?
MG*CF,PXEM45Y*@"Z`A(41@YX5D5Z-9D:FO=@T[=K5)8AO2&FW9B`-Z"D@'"2
MH'W\]ZA?7R/;[EI[2TR7;5///W%E)0VD!TMJ:6HH"CC'..,CM5Q0(S$.$Q%C
M-AMAIL(0@=D@#@4%)=>KVQ$O&F+5<W7C`<7XLD;!X8QD;LCG=SV[8)K#ZJR!
M=;O9=+-:0BS[6\&U1)8=4EQ*<C?MY'&!VS4A_A%6"[WW2\)%EMJYC[<H%>Q*
M2I*-JLGGWX[556D]7C3]LLE\U);[K)]!4[&8&W<@$`9.Y1!!]8<#CB@L"UWG
M2W2V?.M-NL]S6A[PUO.$^J%%'9.X\^_WU$M!O:5D7F_R[C>$HOEX<\&(RVRL
MO1<C!.=N.=V#@]A4?G=5V=37UU6K8KKEE1N5&CQ&TI<"]WJE2L@GU2<\]ZNS
M1VBM$"Y-=0K`J2X%-N/)0HDI(4@@\*^GZ:"<:0M#]AL<6U2)S\]:-ZC)=423
MDY`YY\\?14-Z@]/="2)R]7Z@;$=#.U4@IR$O'=@;L=R20/JJI>K/56\NZHML
MG3[TFWQ+>M6,GEU?`/B(R4D=\#)R*N"%JB'U(T5<!;(;L=+S@CMBX(0GQ<;2
M2D9()P3@CL1013J?;]#W3I29UCA,K:AJ(BF*G"F5G)(.<'&1S[<>=6/TVT];
M[#HR#;8JE/L+1O4IT`[R?,CD>0[56FIK2SI6RHTK$MLAL7N0S&FW!2MP`4",
MMY/RD@D=AS[:NVV0TP(4>(VLJ;:;"`-H'T\4$)M,.Z0>HLAAF*]'LA8*FTMA
M*&MQVE6$#U1DYYQDUGZRM-BA+5JQ;+,:]1VRVQ/4%$M[LI/;([*/<>=3.JHZ
MK7V3I:U7.XV^2W<)$O:VB&]M=2R0H$G9SGCW4%:M=+XMS;GW:ZWE%RN-T<W6
M[)6DO+.=^>WX1&/*IIT`T3=+"W-N-XEI4M0\!J&A\.B.`HDYVD@$Y[>PUU6&
MYV>3HY4B9=FXNJI=N,AIM2\".I"0-[:3ZB,E0.T8^;BM'H6VR+?8XMFL%R>E
M3Y=Q5+D%EP)"!L"<$I/^3GF@W'6K1VN=7:@A0+:5JT\A*/424I0VO'K*(R"K
MZ<X\JT=SB]-M$JCPH6G8]XO<8)4Z^XZI3`63A25`J()V$X`!&<5Z,AH=;B,-
MOJ"GDH`6H=BK')JH]1],+9:K=*E6=QI5Q=40R)KP2A.X^M@'@G&[OV[^5`U[
M+,GHC=)8;"&'TE4=I*`V&F3RA.$X'`P*L2R)N8D1_$6#;3!1L3@`ASCOCW52
M&IYMFM/22Z:95J!$V[[=RV-ZEAK'="3C'';@U=T2Z0H>E(D]<AEEGT=.U95N
M3G&!R,^=`UPPJ1I6YMA]3*`PM3BD9R4!)W`8YR1[.:@'0.%IE=EE7*RL3A(0
M\IAUV63N/96$\D;>Q^?WUNHZ=1S+#-7J#4$*,)3B50EH*6@EL$^>!D*!3WYX
MJH=:Z@Z@PER-.Z?,9JT-(&YZ`&L+&X'>%).X<GGL>]!Z*U%>XMGM<^29,428
M\=;J&77@G<0DD`^?.*\AQ6]3=9-8)C3[K&$AA"DMK<;VI2UO)VC8GG&>Y^NI
MS=G;>ZS;9NH(#.H;A,AHCHD(>4VV\XD8V\8.05`9QYUN;1KKI9H:V+GVR+MO
M$L%MYB&E3JFE`8'+FWU<I&<'O05UU3LXTS>HNDK.S,D!B`VKU6^75^L%.>KR
M.PX''MKT=TSLDVPZ3M7PW,],GICD+D+Y*$*45A)4KUL`$#![$505EZY:E8+,
MNY6.U7.X.*+34U:$LN!/&492.!SY^VMWJ#K>;Q8T0$LR(T]U9:D-L,H<84"#
MA(6HA6<X\O;Y4&L_A"ZLAWB]-6)B"TI$1?BJF1G`M3B3P>`<'MY]LUI-+=(+
MYJ6#$F6V;%;AON9<2\G[['QD#=@>8Y`!/!&:M;I1TDM=E$>]W.2'YXCN)DPE
M!#B4!:0,'&?6&#VSWJX;+;[7;V%M6MMM#:E94$'//OH*5U7IYO35XZ:VUEII
MQUA]277&@$%]>$!2L'"0!WQW]E8G7.W=6$>DRH-U=E:<.26;8@M+:3['$CUE
M#WY(]H%2?K`TL:SZ?>$TVZ57!T[75G'9O)^<=Q[ZW76W4&H],Z1:NFFCMD(E
M)#Z_!#@0SM422#VY">:#Q(223D\FIOT8F>@=4--O$X"I89[_`/Q$E'_S5*],
MZ(N/6&]7_4`]'M$5`"6UMQP$.OX&`0G')`W*(YRH=ZBDW2VHNGFL;4Y?(*V4
ML3&G6I"#N:="5@Y2OMY=N"/,"@]R29#,5A3\EQ+;21ZRE=A6C0W:-1SH=UAS
M?%,!SC9G&>>#GYZQNHDIZ/II\-1"^EWU%*\D`\`_KKJZ7MI;T?%(3A16YN5C
ME6%$<T&]U!)DQ;3*<@LK>E!L[$-D;LX[C/L[U15E;0[J&*J["0WO?!<(1@E9
MR<*SVSS4KO$^\735TY^S/J*X3)0T6B2A2!DG/ENY/ZJWG3FVE]F5<;I'<7+6
M[R7PH\Y/.U7''D:"0ZYN`M6C;S/$M,1;4-PMO*.-J]I"?IS@#WU5^AK7%ZI=
M.GQJZ"V)Z]J1/2P&W\I!"%[L#=@#W@@XJQM32Y,B8[8F;-'N+2XGC+2\$J2#
ME6W*%<'UDCRKJT'&U!'@/LWR*PPPH_W.PWC+8YW!0'`!.,`9`'LH/.VF[Y/Z
M1]0;A%O;3UXAQVDQ5R&"=S;6XE"@#QWR-I/N!JR-/W_2>H-7B_IUK"::2M+B
M&)#A8>)'X!"\#;\Q/:MEIYI+W7#5+3C27&56]L+2H9!'B*[CM7WKGHUIV]K9
M>L]FM\%[?EY2%+9"A[`E/'ZJ#SA?=)-L7RZ*F:GM#<5+BEL2E/\`B^DY/X*6
M]RAW\P*E.GM67./I]G2'3Z(OTN0K^[+RXVEM14KC"?YH'.%J];!X`-;B+TVM
M$:]+@/PXS;K"LN&4^HM@#D]O:!Q]%;_7"8TS3]SD:>=;@6^T0,QDQT!H^("G
M>4@<\]\^Z@TU@T<S:[/)NUM6)D=L)\2Y<I](62`0E*L*2`HD>_&:L^T:8TG#
MB1-:W)L/7$QDA:W75.;N`=NU1(S\PKS&>I.L50VH,F[&3$:5N2T\VD\]N2`"
M?I-;"-U)E*82Q/A%Q*?D^&\0E/MPDYH/5.E]16S4CSEO;LP9BL(#J%J;'A[@
MH`!..,^?%;G5EB%[MCC#*(R99X0\ZC)2//!QD?15>Z-U/9]=LV>,U8+O;VT*
M*DN-A3,?>G)."@X6..<CN:L+4UP;%OE0HEY@0[BI&$&0^E.TGVCO^J@P=(Z0
M3IN2Z\W<7I`=;VJ0M(`W9!SQ\V*BVK_@ESJ/;(D])=]*"$%J0VA33G(&$[NY
MYY'?D8J2.7T6_1[KCUWMLNY,,$N*;DIVDE6,Y'(X/UU5K5N=NUWT=>S/7,<C
MSG74L-J0\>%MD_*/!.._>@G<#IQT^@)FNQ(K#>'BMUP.D^&3^#G/`Y[5([?I
MK2#\1"6;3;)C;>1XCK"'3GYU`FM:G1<=BUWIGTM_$\%9]5.4#(7C';.1BJBT
M)U;;L=SDV:79W$6[TH(2\DI*T94<J6=V/9V)`H/03=LM4?T9N,TB*B(HK;9C
MK++:200<H20".3W'?GO6R^NJGU1I-F3+DZI7JV;%@2/#7M:<RD@!/''&.*LR
MU2XTV`S(B/AYE2>%YR?I]]!E@`#`X'NJ(:\D7Z(JU2++=X,)"'CZ0U+(`D)X
MPD$@D>>2.>:F%1W6^FHFJ+!)@/1V5R=BC%<<R/"=_!.X<@9`SCN..:#-?O=O
MB68767,9$<)&YQM>Y)5V(3[><_55==4-5+89<@M/*1;EL*7)>6V%-.M+!``5
M@X/!['//S5FV+3T?3'3Z;$U<6'8L?<ZKPEJ5X??E.0-IY\O;4!9E7&X:2U<Y
M)AR4Z?985Z"Q)9&&R`HI!2?PAZO//ST&M5I&X:.Z?W.=#GN"VSF=[KD4'Q"D
MX(`SVP./*J5D1HS+R[A;6)<F%&>!4Y(;2$J&>`<>VO<>CVFYFB+6T\VTMMR(
M@*3M"DGU1Y'@U4'\(&WZ=L^B1;K2IB*[Z0%KBL%'K94GE0[CM[*"N;9U"UI>
M;8_!D6V+=[<HB-%8<80$15XRD@!/)"01E7MJM+A(CR2AX(4B2H'QL)2E!5[4
M@=OFJ0Z3U<-.6J6PU%\>0^\E6%G"`@)(/(YSG%1N&^(SJGW8H=2I*T`+S@$C
M&?G&<T'6],EOI*7Y+SB3MR%K)SM&$]_8.![!7$1[T=Y+P22I/*2%%)2KR4".
M<@\UQ&=;;?2MYD/-Y]9LDIW#YQR*R(KTEYKX,89:69#B4I'AIWE61@!7<<^^
M@D6D=-:FUI/E^@!4I8;P^^^=Y`X\SDY]XJZKWT!AKT^W\#W!8F1VEK<"T9+[
M@2<#/EG@<<5".FIOFFY4\F+(MTE#C)"%)5ZY"5#_`*P.<XY%6OIRZ]5T]3&+
M;?&&6[$HK)\-E/AEO8HIVK`S\H>>#0>9I+$NV72-'O%G<3'A.!+D96Y()SZP
MW=^2,]_FJ]G>E,?J'=6==,W9<6#>5B5Z,XW]\0/-.1Q^#WS5B]:M+.:DT<Y"
MM_H#$M4EMSQ9*PT%8"N-WMY[51NG+WU<TNMW35L0\]&@.^&4M1D/I!XPE*E?
M@DD=C@9)H'53I#(LNH;:SIMJ3*C7$J!W)*@PH$#UE<\').3[*K>^Z>N=NU,=
M/3&T)N+:DMK)<X42`022>."/JKU7I'JLU?9K.G)EAN4>_%)0ZEQD!@+20E7K
M;LXR?97FOJ>;O=-<3)ESM";=/ECQ5Q_$SPD%.[*NV0CM0:'4UGE6&8FURU,K
M=;R=[+P<2<_,2!C'E6QU;+3,M]H<B1VV8ZHY<=2T@`!S<4Y5@=\`5@:>L\J\
MNJ:BV];R&D*4\ZE6`VGCUCY<5=_3E6F]+=/&&-26UZXC4"W'D):CI<+21E&"
M5$8/J9&/;04=$=N4:,F.Q)=3#6`^YZ/ZJ@$]SY'C=\W/%>N^A,"\0='^+>Y<
MU^5,<\=*93I<+:,!(`))XXSCWU`-)=&HD^[P=1,/RV;,'=PA3@/$<:!&$G&?
M5(]]>B66FV&D,LH2AM`PE*1@`4%4Z:ZJR+EU&N.CIUF\%#4IUB/);).X(41E
M6?;@=JMFL5-O@)D&4F%&$@G)=#2=V?;G&:RJ!5+?PEP#IJPG`XNS?T>J:NFJ
M7_A+.[-,V)&`?$NK:>W;U2?]E!=%*4H%<UQ7-`I2E`I2E`I2E`I2E`I2E`I2
ME`I2E`I2E`I2E`I2E`I2E!Q6LU)_@]=?^9O?^@ULZTFLYL6WZ3O$N:^AEA$1
MP*6OL"4E(^LD#Z:#S[)AW.]].M-PK9HB:RW!A(<5(0&DMOE:$E2P`K)*]N<D
M9YYJ.]2[!JF2AC5SMANT&X1FDBX/*\(-A8.$J04K)^3L'R1YU>>@-;Z;CZ'L
MD(W%#DN#96G'F6QE0\-E.](S^$,=JP-&]3F;Y,N3-[C18-M8C^*E3CI65>N!
MM.1SWS05CH3K;?FXDJS7;Q)D]YL-6]U#2`M+Q!`W9QN))3RH\^=8NJ+C=M8/
MQ+=K*_HMKT5S?Z.82@XG@\^HDIY2<_*\ZB>JK`J[:H?G:/:ER')DMYY+#;00
MID%64;<'W_1BK`T%K7J'J`+TVT(IN,,?QDIGU_#20G;N/<[J""W.UV6#>7_B
MU=7IEJ4V`E2VE(4%<\85SQQ7<^\VZ&T--+;;;3M2%'D^TX[#G-2#72+NB^R1
MJ+PT7,)3A+",-E.3S[JK5Z]OMW!2$J0J.E6#A'E\_P`]!O)T9,N*MA6!N'!(
M['RKYMT00HJ6`LKQYXQ60A06D*2<@]J^J!7!(!`)&3[ZYK4RXDER[PY(.YI!
MR1C&S]M!MJ4I0/HS[O;6P>2VN)&?LSH1*4Z&R<;MIP<C"O>.]:^NJ6AUV,M+
M2BAS:0A8_!^F@[2VTV\MF5'4XLIVA0(!;(YSGN/HJ%WQ4I4W=+D[W?DI!))2
MD<#)^;%;BP(F(D2A,+A6E*4A2SGS/&:SYMN8EX\4$@*SWY^8'R%!H].3G#)3
M&=62DHVMCR&,FI36IMED;ARP\%EU840@$=\C';Z:VY!22DC!!P10<5MM.7^Y
M:<N"9]M>*%CA:?P5CV&M3@\X&<`GZJD73:Q1];3I4>/,,>3%0762XD%*ECL%
M(/RDGSH+77<7-5]4-/,M!$46V#Z:XM0W*<+@<;VI&.!YYX\ZM&59[5,<\67;
M8C[FX*W.LI4<CL<D>54GJN#K31UU9UDY=[>\\YZ/;U-(AI2/"\4#`YX/KGFK
MY;5O;2HC&1G'LH-<;#9#WM$'_0)_97!T_8CWLT`__P#.G]E1B\:_8M.N8NG)
M;#+4-U`*YCCI3L4<X&W'.2`,Y\ZG22%`*200>Q%!JQIZPA(2++`"1V'HZ?V5
MU_%?37C*?^+]L\56,K]%1N..W./*MP5)!`*@">V37R76TK#9<2%GLDD9/T4&
MF7I+2RU.*7INTJ4X05DQ$$J([9XY[#ZJZ5:)T>I3B_BO:$N.9W.)AMA1SWYQ
MFI%7RM00A2SG`&>*#S%U5TEIZP:RTU:K;`4(K[:E.1RXI25<K\CGS%3_`$IT
MJLDRWQ+C<@\0\R/O"'5I]7'JY.0<^[M6HZAW>>S?-&:[>M+@M\5U3;[2EG>V
MLEQ(RG';"@<^^K9N]HNDZZ094>_.PXL=Q*UQFV0?&`()"E;AP<>SSH(U]R+1
MN[<&[H#G/%S?&/+^=0])-&@A:T7103_.N;Y&/,?*[58=1Z?J)""\BWVZ7<RR
MM;3XC("MBTXRDY(YYH*RC:.MEX9CW+IKJ:;;)K3RVY"GI;KFYM*E)*2A1(QN
M&1Y<"MW\0-4O2$H>ZJ759:(<+;<=+9[\9POD<=O.IW9++9H!5.MUEC6]^0G+
MGAL);7SR0<>_D^^MDB-&;D.24,-I?<`2MP)`4H#.`3Y]S]=!1FKHTK23C#-\
MZRW2,Z^"IML00I13GOPKR/%;.T:?O=X1#>B=7KBX)C27VFS$0E3C?<'&_C(S
M4FZH=/+3K&W+D.1PFZ,()8>2K9GSPH@9(_\`V5YVT''0[JN$)E[FVZ\VE;GC
M264[FU,M)W;"K<"2K"P>.<\T$NZJL7+3%VT]&ONN'KK',H22P_'V>$$A2=_J
MYSC./;S7HZT7&%=K;&N%ND(D1'T!;;B.R@1^KZ:H#KE,TOJO2D:[VI"79,><
MVF9):C@O(9\-62?:,[?/V5O-`ZXT1H[3C-HM\6^O14'>Y-,`['W%``J'K>>!
MQ063K[6-KT58EW6Y[U`J\-EI`R7%D$A(\AP#W]E>:;/U:3=+U)B:M@0WM.25
M%:8I924QE`921ZO/.,_-4[ZO:VTEJK3<NT*AWGTQA(D1-\8H;<<Q@#.3SA1\
MO(U6.J=/:37IN&;(_<'+U#:")*!!*4O<]^_!'.3SD8H*_O\`(BR;W,?AI0(J
MGE>$$-!L;,G&$CW8J]])=0H5PT.QHZWPKI`DI8:8,UIQ*DM;ED$Y4L'9@^6?
M/BO/:FG65CQ6U(5W`6DC/UU-8CMBU)9)*[G,,&_Q,)A)::"6G6^X;"1V5G//
M^4*#T-I/ISHRVPH[-]N$6]3'O$'B/KRES*L@A))`([9J=M672XBV<Q1%:A6U
MPKBH;6$H"MN/;[#7BJ!9FI,V*Q,GR8+"B1)>DL*2&O;C&<\^W%:1^1*;8^#?
M3%NPVW2ZEM*R6MY`!6!VR0`,^Z@]6=7;=-BV:QM_"[[CC]];=;DJRX60I2RG
M"2<*`!X^:N\QKNW=4VA?6"1Z=O+7@_!*2=P&2,YQVKSM9=:7Q^\69NYWB28,
M60PH)6ZK8TEL8&T?@C'LJ['8LQY;5WTL]=)\64?%;D;=I"?(%6[*CD<Y\C03
M4Z'UQZ4AX=3YN$I*<?![>/+\'=@_/5;73IWU0AWAR\1)4*X2T25I2MUAO:MM
M2=N\A0QYGCRQD5;$+7T6+=V+#?8TR)+,5+YDNL;6EG:DJ`()[%7LKM5J^W6B
M=/@7ZXAY*U+>:=#24MH:V9\,^MR>#Y<Y%!YPD]*M9:@O$X"Y6F7(CJQ*4VZ4
MMQR>R3ZH`R`<8R.*W&@;/>=(:FEV->I6[2MY80]):B"0/D@@;CVR<<CVUK.H
M6N(M^9?M^A(,N!;0EUZ>IH^%Z0@G)WI'!2,D`'.`:G>@-?6ARUV_3AL27+)!
MB;KK<'7=Z6%!:E-C)'K@JV`9QR<>6:"0W2;.MEU18I?5Y4>8X4N)0;2A2B%_
M(&??S_MQ57ZDN.L+[-3`U'(>ER(I4$-!D-H&`3NVI]7=M/?O@XK7]2+C%U-U
M)MMYM*9:(3P980EK[V\@HX.-I]7OQS7JJPR;;>;<Q<&(VXA&P+>0-_;!YY]]
M!Y0F::NYTU<[LF.&(4>/XBU+:2H+"@2,`]LX[]Q5^Z<LMNTCH9QG55P$BW**
M7&T.`E+*2D'8E(SCG)X]M8?5Y=W=Z97N,[9V6$-K\-I++A5EH$A*@-OL\O*N
MG4&NM"W;1DJUO3_%?7%2-OA+0?$``'..#D#Z.*"-:JD6?J3IVXHE/HL%OL3B
M$Q)2U*6AU"L_*0!WP@=LXS7GUN?.@)F1+?.4MAK.'XZRWN3G&?(D'V&MI>Q<
M9%K;\2\AQ"G0TW"1E"5+!P5;/DYSC)J,1PM*UMD-)W>J5.IR$D<]_(\4&S3=
M)T@0PN3(>$3U_!2X6TI"<'<"#\HXY/?@=ZQF%*DSE-LM+E(6#AMTX(_".%'M
MSGGS^FL&0Z7WW'BA""M15M0G:D?,!VK(0L.$N./!EM>&UH93@D`<>KV(R!]-
M!TE;;BOOOJ!*,)V(')';/[:W^C&K;\;+;$NT]I%M4[EQTA1;!*#C(QGN0.U9
M6DK#:[I&GMSGEIE[$JC%&=J?E;]W&,CU>*R;9:]/7%;=N>E&V*80LHN#@*O2
MU;\;=@SC'/.3P*#UAH72QL@N(5<67ERD)']SG!0.<'(^?]5;+3Z;58Y\BRIN
M!=FO+\78L*W'Z>WG[:I;HS?]/Z6GW<W2^1E!333"%M-K(4$%7;U>!SQ5H_=+
MZ?+?](5<FO&3V<5'7N^O;01GK='D3=5:$BPI2HLHRWE(>V[@D[4$<'BH!U2G
MZVN.HFNFL;5!OC\PH,IEF(VP&U9W!!4GD@)&Y6>.U;'K/U`M#]RTS>=/7$OR
M(#CZ]A:40%%*=H*58`!(P2#G%2C^#]H^2S%E:\O^]V\WDJ6TIT>LAI1R5_.L
M\_\`%`]M!M].:$U=IBT1;1:M=QXT1G)#7P2R<Y.22HG)).>361>M*:ONMK=C
MW/6\"1;U`EU#MF9<0KGCYB/:.?.LC7D.5?I$55ED,+,5QQE\I>V*02`"#[1[
M:TU[OCFDNGCMGBR8;E^BA0,4#=NW**A@8YR"#05J=9:B@:LCZ5;U',E(DNI2
M)[K`?"RO"1]Y6=H1D>WCDXJ=M6^_29#\*X:XE"UVQSQY2;;"3#"P."E*VE!7
M=6<>ZL+0FG-1S+I;]:7&WQF?"M:@6$,!M3I4%@I&.1QCCW^^HWI;J)='=>(T
MO(MJ;=:Y,[84!92MI7/*U8]<'GU3Q]5!NF&-/1HRU6O46H;?(2E*4;GEH"L'
M("MJSNR?,UD/+@^'!6[J35#BGRHR'$75](1SSM3OQ]'%68[H33\F6)(0H-[,
M>$VK"2?;Q7W=M"V>X(A-IWQVXH4`EKC>"<G/OX[T$7LFA;9>&F;Y"U+J1+KC
M7A^([<72YMYX)WG`Y/%81TE/AW:+:%ZBU-)>DEQ2W471[:TUN&%<K[@$>_YZ
MD>AF/@>^W2Q,17EM-K\0RG"1D'```[>7MJ?GM0>=[!I(R.KFI+2C4E\0AN,A
M?CHFNI=QO/JJ6%96//D^=3MS0%_;>1$CZPNR[:M>YY;DYWQQCR2<GCD^8["M
M':T37^L6L8\-SPI"X#0;<*<;/OA\_P#;5DWFZ/V33?I!`D3&6DI5@Y]?;R3[
MLB@I:[V67:2M#UT^$L**')!=4M:E`_AE7)/;VU&M16U+FFKM=XKUQ2ZW&6PZ
MV%'P5@C/8'RV^SGSJ1?!@ND>5+EMOQXLE3B!)8/+3@3N[<9[@?37S9)<RWZ$
MU'8`M4@.6J0`[SROP\9QYDYH/-?G5G=%^GMLUW<9S5QO"8WHB`H1&Q]]=!XW
M<X]4'&<<Y([5M>@VG]*3'[I>]3%+QM@241G4Y;3N.`M0/"N3@#VU%KU-N.F^
MH4R[V7Q84MJ6J1$&S^-:4HD'`XVJ&/5[8)H+]L_3O4S%Y%O;U%?H=EC-[6E"
M>L(*<8"4H"\#!/N[5Q'T;H5.H18;\S)OET6LDW"6I2E'=\E!.23C&,U*-&=1
MV-6Z<B7&V6]YV<70Q-BLX48BR/EG)&4'N#]'<&N;';F(FNYLR=?(CDW8O8RE
M0"U(.<E0_!`X]O>@TLCH[:#>TJA6^!&LZ@$NM@DK<'?!&,'G'G6!-TY"TMKZ
MRL:86Q&@I479\5P'#:24G<E1SY;N..U7"S<8+TUR"S+97*;3O6TE65)'M(^F
MJHZMVMQS6.F9*"EN'*#L><I3Q2/#.P9VXY(!5@>?NH,/4G5V'=G;[IFQ)E-2
MFT*2W.:0E8/;)"21GS'ZZJOI5TTN.K(#\MUU"([`6VW'<4MHY5P=R@,XX''.
M?/%63IA_1VC+H_8UVN#,O$61N;>CMAQY*5#(*E$`CY7O[BI+UEO-]L^G(UUL
M<]<9YM]M+S#;07G>>Y.X>P\>=!-+-IBV6S2T;3JV?&ALMD%+RRYR3N/*N>Y.
M/HK"TO>-/-3W=-6=KPA&'!V_QBA\HD]R>!DGOFJZT3U`U";0U!N+D&XS52-J
M7FG3DH(W$*XX(R1W\JE+6E+5<+W(G6+5"FY*5^(M#>'"@D^W(.#CM[J"81-1
M6N5J.;IQJ2E5RAM)>=9`.4H.,$G&/PA6QGS(UO@R)\QT-18S:G77""0A"1DG
MCV`5%VM.P++K&9K&1/0VN7#1%>"TA(4H%.%$^9]6LW77A2M"Z@0F0RVAVVR`
M'5JPA(+:N2?90>;8/5EI6M[M=KQZ;+LLM7@)MH/C1RD8`7A9`"CMSV\S5JZH
MU8Q?;,YI.SPG695RMZG6E.8`VE*N_P`^.]53HNW6M5BC62Y(@OQG'PM]]@!2
M\Y.U25XR#@@5:>H;MZ*9DZ!I=F5%M,1R.9SR`'LI2H`!6"<#RQ[30?'3OJKI
M8VV'8YRG[>_#6B(%.@;5K">?DD\9![UE]2^D5HU0J9>88*+N\@!"ENJ#9.3R
M>??[*\ZM:"UQ>)$0-::?27@I]M9;"=Z%*W;E*[GD@9-7#JMWJO?8%MA1-*2K
M<PPD!26IIRLX'RCQD#']=!3<[I9KF!(4TY8W%E)/K-J2I)`.,]^Q[U&+[!E6
MF6;7+6X'V>7F%_[TX>Z?9G`'(KTU8;KU2MMJBV%G3)8(*BNZW*02D<DD%.#@
M<\'/(`/&<5YDG-3YRY5R?D*F.>)]_=*RM63V4HGV^WW4&N((`/D:Y;<6TXEQ
MI:D.((4E23@@CL0:X`!\\&B?,<?307'I+6^K=07+3<&)$-WN<,J4L2<)2XV.
M`"HY\L9/?(J_].:CF(@WB]ZBN"8T%A_PE-%H$1CA./63DJY4!VQ7E/IYKR3H
MZ[L7#T-N6B-'>9;95ZN?$4DG*N?YM3JV]1[MJ]F7HVRV6+#=NKCDA3SLU6$[
M4;R!ZO`PW].:"R>K.K-)WK02WV[D[)8C3V$N&,P%*"RE93D+*1@@$Y!J8=)[
MY;;[I.*_;XS["6AX1](V!;@'.["5'CG'.#P:H.+<;M=;2K0<2RV);T]7@+E/
M#!\;E*5CU3@IR0%=^?*MKH?1]]TA>Y5BN&J8.GWYC25-.LLAUUY.[@$G;M&4
MG'/>@]*IMT!,OTQ,)@2L$>,&QOP>XSW\JK7K3T_M6I+.]>RV&KI";W)=2C/B
M)2<[5#S\_KKO8T-J\`K;ZG35@\9,($?^NOLZ&UBH@_=+ED`8QZ`G!^?[YS05
M)T?CO?$C7ETF6[PHCT0I0K:$(P$JRD8Y]G85O;2^W\1]#R%[5H(6I2E(&0D/
M+!R//@5NM562_P!I;C6[XX&X*DKVK@)@I1XB3[`%'%0K2]X$B!'M]W>8:8B7
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M?35W<U)+NNG[7.D_#TU/C28B'%X#G`W$9P*"P?A"!_CL?_2I_;7/PC`_QV/_
M`*5/[:T7Q#T/^1]A_1[7V:Y^(>A_R/L/Z/:^S0;SX1@?X['_`-*G]M/A&!_C
ML?\`TJ?VUH_B%HC\C[#^CVOLT^(>A_R/L/Z/:^S0;SX1@?X['_TJ?VT^$8'^
M.Q_]*G]M:/XAZ'_(^P_H]K[-/B%HC\C[#^CVOLT&\^$8'^.Q_P#2I_;3X1@?
MX['_`-*G]M:/XA:(_(^P_H]K[-/B%HC\C[#^CVOLT&\^$8'^.Q_]*G]M/A&!
M_CL?_2I_;6C^(>A_R/L/Z/:^S3XAZ'_(^P_H]K[-!O/A&!_CL?\`TJ?VT^$8
M'^.Q_P#2I_;6C^(6B/R/L/Z/:^S3XA:'_(^P_H]K[-!O/A&!_CL?_2I_;3X1
M@?X['_TJ?VUH_B'H?\C[#^CVOLT^(6B/R/L/Z/:^S0;SX1@?X['_`-*G]M/A
M&!_CL?\`TJ?VUH_B%HC\C[#^CVOLT^(6B/R/L/Z/:^S0;SX1@?X['_TJ?VT^
M$8'^.Q_]*G]M:/XA:(_(^P_H]K[-/B%HC\C[#^CVOLT&\^$8'^.Q_P#2I_;3
MX1@?X['_`-*G]M:/XA:(_(^P_H]K[-/B%HC\C[#^CVOLT&\^$8'^.Q_]*G]M
M/A&!_CL?_2I_;6C^(6B/R/L/Z/:^S3XA:(_(^P_H]K[-!O/A"!_CL?\`TJ?V
MTJL^JVC])0-`W:5!TQ9XTA'A;7683:%)R\@'!`R."1]-*"U:KCKQ/AQ.FMTC
M2)"&WIGALQT'NXOQ$JVCWX23]%6/5/\`\(9]<>U:<=;QN%S(&1D<L.#_`&T%
M#*`)((!`/%*X[#BN:#(@2)L66V];WG698.&UM*PH'RP:GW5I&JM.HT]K6V/N
MQG&XZ6I"$)PG>=QW+YYSD5725K:(<;4I*T\I4.X-77U+D@=&&D//,.2%M)5A
MU0&[UASCS_;04Q>M=,ZHDLW">GT2XH92V^X',I=4,^ND8]3OVYQ[:@=Y8:0^
M'H[P6R[DI];)]_Z\UEV,QT))D^`E#F4!16`KMR"/,'-=UXBM2C&5`V.MHRVK
MPAR#W&?;09]DEQA$9CE]/C`8V>=;>M):K08PCR%**7P5;T]Q@@8_VUNZ!2NA
MQ"%RVB7`%M)*@CSPH8R?JKL0XVM2DH6E12<*`/:@^Z4I0*[VY11%?B^CI(=3
MCQ=_(^C%=%?+F=BL9SCRH/JE:2))]%C3)#DM,A)5O*DIRK<>!GGS(Q6PMLLS
M8:)!1L*L@C.>QH-C%CKDNAM"D@^94<<>=?#X:2ZI+#OBH2<;L8Y\ZPKBS(>A
M.IB.;9``V`'!5DXP*P[%+D/H=8DH4'&%;%$]_F/U4&W3G.4G!`SGV>^I3HRQ
MNW>5'UGI.[JCOVUP)NK2E'=L!X*/YVX))V\5IKY.L5OTVXXFS3'USEAD.F1M
M]'4DA9VG9R2.#VX-373EM@WJ%9F-(B3:+@R@J#J']R/6P59(`PK.,#YZ";]7
M+BQ<M`VV<R7`AV;%4DK3A7\<WSC-6RT06DG=G([GSKQ9K>WMWKJ$(VFKVNZW
M)Y14ZXI6$>.D$G8KS&$C!]M2S3O4?79OMLT'J2.V"Y);COF0E2'PE7'*R3@X
M/?%!<W5;1*=1V[TVW1$*O#6`A6[:5IS\DGS`R34OTO&>A:;M$.0C8\Q#:;6G
M^:H(`(J#W;K+HFS37K9+D2Q*CJ"%I$<D#@'O\QJLM?=7V+G<X+FEK]<8[&"E
M;:4%KUN.5#/-!?EXL+MRO$"X"XNLM1ARPD<.'GG.>.]0V*FS:@ZK.SXUU?5)
MMB2RN(MCU`M.02E>[OD<\>RM_I[6D2>;+!G(7$NUP8*_0U#>IO;NY4KC&0G/
M(\Q4`TWIZ(.J<^X+U)`2M,YUYN-'DA3KA*R2A2?+'`(\Z"\*4I04[_"1>+>E
M+4CQ-OB7)M)3LW;N"<9SZO;O]%7"D[D@X(SY&J?_`(2"=VDK8K<1MN39P#C-
M7`DDI!4,'S&<T'-=$>)%C*>5'8;;4\LN.%*<;U'N3[Z[Z4"E*4'P]GPEX1O.
MTX3[>.U>-+Q>U6SJF)LVUQ;?%;F+:DP@V"EM"SM<*L#"O5)];SQVKV:3@$X)
MQ[*I/JSJNQOPG(TN[3+)-AO?>T!DJ4^"0,[,C.,9[\4&[ZDV:PVSI;J298[9
M&CIDP<[V$!.4$I(^CM4VT6TIC25F96\EY2(C8+B4[0KU>X'E5+WOJ7:=:=/-
M2V6$S($B):O&4XX,;TI4A)/;N2H'%71HIUM_25F>:<0XA<1LI6CLH;>XH-Y2
MOE*T*4I"5@J3PH`\BL*^0%72TS+>B2J.J0TIOQ4C)3D$=O/O05CU+Z?V[J,\
MVY:;I%BRH"BV^ZEK>K/)VGD5Y;DES3-WN$*&\I4MAU*6)J/O:VRDYRGOC/;O
M7K33T#3O2RVE=XU$THRW-A==3L"E#@`#)QP#GFMI>>GFB]43F[N_`CO.C`*V
MPG:X,Y];CGO05?T9ZFO:B6[I'6<AR2]+VMQ'%M_+X.Y*U>9/&/F-6;(Z3Z`>
M8=;&FX:"X#A:48*<^RIC"MT""VTU$B,LI:0&T!"`-J0,`#ZA670>-]:]-9>C
M-604I=1*@ONEV.E!(7M!&4X]V0,YJ\^@UWM3VE&K);Y#LE<%(\5\M[4$D]AS
MW[5`OX0ESUHN\[;7!N<6TVUG[]+C[O"<W@*R2..,$52[%WB6>VP9.GIMRB7L
MJ_NM8=VH4D<C&`//WF@]*?P@]7.6"SLQK7=A#NKN0/"'W[8>^#^".W/S5YZM
M&C=1:LM;^HDRV7&?2?1R7W3XSJ_5)"1CD@*![BMUK74-XUEIVRS[K(LZ7L.!
M2BL(<5L4$CN3G/G[:N+3]_T'8NGUHLUSELW-+:-JEQ6O$3XF,GD9QY#-!HK'
MTZ8:T;/1<82X=O986XJ2I.V0MU'&5)!Y&2<#/:J_U/J")+BLZ"T)&4Q#5*`>
MDM+*1<"0G!6G'&#QC)^3FO1$2_7"^,Z>?TFS%<L&_P`*XM.I^^MI20,)3GM@
M*\O96:WH?35D>>N5LM[$=[PUJ2VED*!<P2%!/&305-"TE:^E5H:7=Y<E^]W1
ME8"HS6Y$=2<<CUOE)*N%>?/:M7J'J!?M.6IZRZ;O<&0522(YCM9<\`M;E*SY
M$+W<^ZHJCJ5J"!JFY)NTM=U@R%J9E,3XZL(1GUD);*CL]F,G%3&Q=/[/JS4T
M14":H6A38DY?0$R4`*_B\'MZPS_Q303OIMK:;>NETF?<+H+?+A)+:KE,/BI)
M`QO/8D\<UG:)ZAP]<:BNVEDVQE^&Q'WKG(>W(DC*4D["D8Y/M/:L.Q]--!&Z
MWEH7%JY";)4I<1:TJ+3C:E;A]!5@\5L/@BP]-[=<-06Q]UY@LEN/&R%(;5D=
ML>^@KS^$!I:&U)T-INQQ41O3)3[38!XWK4T,GZ35"2(\AEYZQIWN/-25`[%^
MH2D%)]7V\'FK3UYK>Y:@%BNMP9:1-LCKCR'(Z_""U**"C&<X(*/ISY5%+?8;
M]K:X+5"M;]PE+>*Y,WQ]P6HIR!OQQ@$<<]J"(MI6AT2C';>CQ5H#FT>HKG@'
MY\&K:Z!Z)M>J[A=9MXCH<ALH*4LE/91(.0?+@U#-4:1FZ2EP8.HVI3+2BE84
MD92XDXW[3Y*2,9'/<=J]&2X=_E6"U1NGS;,*T2H@*Y;8\)Y+@![GWX'/OH,6
M/9K`YH_4VC]*N/NW%UQ\!J6HA97MP><G..,GSJHI7QIZ8IC19&G(S,UM.R/<
MT)"BIU1W9"L9.$$HQ^RIII:XWW1=VL;&K4J7=KG,+8>>'I"RV2@8SD;<9.._
M>K.C7JU:AZB2;-\(S%+M[(<7"6SAE60,$DGD^M[*"M[#?[]H.6SJK5\M]JUW
MI)_N%#/B.)(Y&,J&#ZW)\^*NS3&HK5J6QP[W;VW$P927"GQP$*2$K(42,D`9
M2><UT3&;#JHS=-S61-:B@!X.H^2KD9!/<\55'72XPK'IRT]-]-,K,^8X"AED
M\H;42`G`\UJ)`]P-!7?5/4,KJ)JB5-A;E:9LSC<=+@.`K>X$%?\`QE'./\E-
M>MK;X4>SQ!NPTW'0,GV!(KSSJ73Z]"].H6EU0EK<>EQ)<V>CY/BEQ.4]N0G&
M!S_77HN&H)M["@%*'A)[#)/`H*H79E:M0RNVVM$&WF=(<>>4KE>X)RLIQP3C
MY/E[:TMTO-LN]]5INU:<,^5'`C-SVYGAE6T`$D;>P(QW\JF[^L''^H,+26GD
MQ9,6,A?PGM1GP."$I!!X.0<C%8&C;:VCJ1J"3'L"X42(A3*7R?5?6LI65`8'
M/<4$J7JC?%:=@V]UW$DQG]QV^`4[<J/M`"L_15+=2W]-6&[Q+S!4MR'<75J<
ME1F0M*'D**5')4,JSNX^?FN%776FH>JDFR,IN-GM<B.^R(CI4&C]Z5ZQ'`SR
M/U5L=9Z%B0-!VZR7B7X\MF7NC%I02H)(43QSD9-!.;1K/35JM33,-$UY[9@!
M;>%*5Y`G)QS\]2,:I:.EY5],-Q!C-E:V'%8Y]F?]N*@_3*P)>N#TNX1E@,IP
MVV\SPK_*!/?_`/94YU-?8-K7!M;D5,ER>K8ED\)VCN2<'MQQ0;#3MT-YM3-P
M,<L>(,["K=CZ<"M@HI;#CJUD)QDY/`Q71<UR6K7+<@I0926%J92H>J5A)V@^
M[.*C=IUA:YUCD/SUE#T-I*9R"V0$KV^M@>8R#01/2:MW5F_W>*_Z9!E1DH4Z
ME.Q+"4J*O:=XSQGCO73?6Y$9^YS8M[8?DS@6V(:'#EQ![^7RNV/GK5:*D&ZZ
MOUI;+:XCT9<1"HR?#V[1O\^>.W:I9HG1*6PW+OD/;*CN`L@K!SCN5#'S4$=U
M1NM&G;1I\-/ID.($F3N7P2>`"//E(XJM]:ZH39=+O6-EE]$NXNXD.)<PEQ@`
MA;>,<9R.?=5N=9M162V>A6N>\J,^\`L/&,5IV9/&_(P>#Q^VJOGMV.[LK^#'
MVWHA1M1+=PC8Y^$L$_)P?/RH(?T\=`:NVGYH>5!?0V\Y&SL(<2L%)"N?YJ3[
M^U:K7=PG1-6M26GEH=CMMK:)_!..XJX6FX5O$8?#5ON4I3.'9330+I3D\$;O
MD^_VU#!H"TW/4279-P<0Q,G#=M`3L;*CN]N,Y&/9CSH.S5TE_I9KRW7S3!4P
MFX0TOR(:DX96"<*2.?DDC(_FGMY5,]":+B=0;9J+5OPY*$ZZK=C,K<:R8:3G
M<CA?K@A2?9P/?4*ZT62[KNEM,>:F599*T,0PV_O0ASY('N\_KKKNT36W160@
M0I2A"NL5(<(.Y"7PD;AD8]9)S@^:3CVT$AZ17&#8.KTJW"\NWURXMF&B7X>S
MY.%Y5DG^84X^:K.ZURXS>FHMVC/K5*A3VD-AA6%*45C*/IP!BH*Y896J.GUB
MNMKMIB7>X`O7*7;F,*>0%*PA1!X^2A7S@5\ZV3;6.D@\#TYMV-<(B93CRLO;
MPH[CV[Y!Q00Z19]1MZT]+>B7.RF_E+3,QY7+*]H5D$'UP0@_S>_NYVMDMS\N
M]:FTK?\`54EUB%<(\9N6^WNRO<L#"-WJ@D=\U(>G^E[;J"TS-3ZWEO7.$PD-
MQW)KOB+:1Q@<CCDGZZ@'6'1R;1/9U'I^W)^+,EMKPUH[!>.0H#L2?KH+?O.C
M[1I2Q>$TXV[(FN>&F24[&V^-V2,GD[>_OJO.D:G[=U-O,H^D$^&ZM,5L_P`<
M@Y]?=[$X[X\ZS8FEM,:TZ>I7IJVQHVHBWE7BJ#24D*VG"B//'ZZB$305^B2X
MBKL\W*3;)!$NVA\%?@)*2H-C\+(!!`'&![:"XKQKF#KZ*U9K!%?>F-+4J3'6
MD;TA*BGVX[X.:U'6YZ78]`P6_'ELO38S43P&AA#.PY<W$'\(*QC'E6+TKL&E
M->R+LXO1T6%;HJO#"@X"Z',\)(VCC;DY\CQ[ZA/4?3%]T??)N+1+7HY#Z7DM
MH<)CN`J]0+.,`D@9&/90:;I/<;>)DBR2(R43IV!#F%6U+3O&`O\`R,`_3CBK
M$%TOLG6UPMM^1.<BLPD--H9D?W.M'KA+BQYY\O>*ALF_Z+B1;?)B6N&MN2L(
MF1T-A+@9YW)SY'<!CCM4CN4[0-OL-MO&D;0XJYR9'@A1.X,`E(4%$)\PK`'M
MH+'TO>DVN:),E;K@2WX*4!.<)X['R[5;R%)6A*TX*5#(->>--ZRBV>QZ=O-X
MAPU^GSW&)+SG`CH2MQ(4D>7R!S[ZV>M.N2+;)0O3,.-=;>AM)>>#A!;420$D
M8X_VT&3_``C+E>XVG76+3*8,%QLL7!CNX$GD*QY#@<^^O*\&XR8*)"8ZD)\9
M!0O*<D@Y''UUN-?:KD:QU))OC\9$93P2/"0K(&$A/?S[5I+;$5.G,1$!675A
M.4C)&3WQ[J#&Y`X/?V4((QD=ZLK1FB8:>I?Q:U.L>"RD+44K`"@I*5)R2/,*
M%0*\VV1:;G*MTK9X\=PH6$*W#/N/G08-;BU3W;?>4W>V(?CM1EA1"'<J2@^J
M4[N.X)'TUJ!C';FN*"U;7>E,W1B]V9U86EWQ6RZWC"LY*2,\@'CW^ZK<=T)J
MC5<9%ZU1/9@3&FL)\1K?AL9.%)SA)&5'.37GRV76]OBV,V\H:DL.`1GH:#XZ
MG<^HDD'OWQ\U>H;YU>TG9;N[IJ[N/.R65>CRUB.0V"1SY]L'F@R=!7IF\V23
MIN!=YCLN(@H1<BWZO^21SR`.WN]E3;3EOF6RTLPYT]<V0C.YY0P59)-?&G+5
M9K7!!L;#+<20`Z@LXVJ!Y!&/+!XK;T&F?T[;'KXS>5L)]):''L*LC"OG'^VJ
M;Z'Z9T_?H6HI%YM$.>^Q=5MM.R&@M3:=B3@$]ADDU?M4-T,OUDL5FU0N\W>#
M!!NZR/2'DM[AL3V!.3]%!9AZ<Z%4I2W-*VMQ:U%2EN1TJ4HGN237'W.-!?DA
M9_S5-1B\]=>GUMW!B=)N+B?P8D<D9_XR]HJ%ROX0-WN;QC:3T6])=_!4ZI3R
MC_U&Q_\`-06W]SC07Y(V?\U34G)C0HP"BVQ';3CUCM2D?37G;TC^$+JG^+9^
M!(R^_JMQL?\`>RY78ST&U/>G$OZPUNM]><E*/$D'_O.$`?506M>.IV@;("B5
MJ:"I2!CPXRR^H>[",U4'53K7IK4.E+IIVSPK@ZY+0E'I#J4MH3A85G&23\GV
M#O4ZLO0305OVF6S-N:QR?29!2G/_`!4;?]M??5326G++TKU$+-8[?"6&$8<9
M82E?\8CNK&3]=!6&E-<]6Y>FK79=)Z6Q$BQD,-S/1%*W@#&[>LA%7%T3^%?B
MM/\`A['PO\+2_3,;<>+O&[Y/J]_9Q6WZ5?R;:7_HUG_TUU].?XC4G]/SO[2@
MQ'+O.U)KRXZ8M\YV#;;,PTN<]'P'7GG.4M!1!VI"1DD>L3QD5O(EON=LO*'3
M=WY%D$5P.-RU)4IIT*24JWX!*=H7P<X]O/$8$&;I'J+>-0"!*F62_M,^.Y$:
M+RXC[8VC<VD%10H$\I!P>X\ZWNHO2M4Z;O-JM;+[*)=O>91)D-J9RXI.$I"5
M`*QR<G&/9GG`94'6%CFSXD%MYYM<U)5"<>86VW+`&26UD85QS[2.1D<U"9%\
MDZBU1JJV>GW^VMVD1T0UP(KNY"R@N+6M.TA6>`$KX(&0.<U]JCSM2VS1%L%J
MG0;A:9\:5/+\=3:8P800H)61M7O.`G:3D'/E6STNU)BZ]U_-D09C<66N(N,Z
MJ,O:\$,;5[3CG!X]_EF@U.@KR]>;':M8W*^79A\K<])B^$LQY06M2&VFT%."
M1A."WZV>^<U+'M>Z<C6^?/EORH[=O=2S-0Y#=#D92AE)6@)R$G(PKY)SWJO+
M59;RSTATFTJR3GI=DFB3,MA2II]UL*="@CL2H!P*&#SC%3'35IL=YB7@LZ6F
MVZ%<8XBR'+BVMM^2,$$;5DJ"4@X!..>W`S02N;>H<-Z*P\F27I+:W&FVV%K4
M4H`*LA(.,`COYD`<UAP-662X6!K4$)]Y^VNNAIMQ$=S<M17LP$8W?*X[5'NF
M,.[EAV1?EI=D6T*M$9Y))\9IE9!>^=9"0?\`DZ^-.:?N5OU9<[8MC&G&99NT
M)9[>*Z"%-`>Q"_$7[MR:#:,3X,V[:LBP+W<53X[+7CQU#"(1V*VEK<G&58R?
ME#M4&AWN]KT7TMN*KQ,+]PND9B8?$_\`>$*#A(6<9/R1YU(;4Q*8UYU!G.P)
MJ8LJ)$3'=]&7M>+;2TK"./6(*AV[^51F+;+HWH7I?!7:;@)-NNT=Z8UZ*O<P
MA`<"E*XX'K#Y\\4%F7C5UELRW!.=?2RPM+<B0B.M;492L;0XL`A/<=^V1G&1
M6]>0'F5(WK2%#&Y"L$?,:J"1;FX5]U#:K[I"[7D7*:Y*A/Q0M4=Y#@3][=(4
M$ME)&"5<8`/SVTT$PX+25("$M-I24-)4H#``PD8R:"CF=2:AB]*HNL$ZKE.W
MWTI;;<)]+;C<S$A38:#82%9*1G*3G@FKEE7EF##B.S67DRI"1MB,H+KI5MRH
M!*>3CS/;ZZI_2VD;G$T19]06NT.1-8661)=,>0P6E36ENK)962.=R"-JN<'`
MXJ0:JD/7";IS53FF[W*MK3#\:;`0PXW*BESPU)6&P05@%&T[21@YYH)HUJ^Q
MOVN/<HS[KZ)#ZHS3*&%^,IY.=S?AD;@I.U600,8-=JM3VD6UFX>(]L??5':9
M\!8><=22"@-D;MP*59XX`)[<U!)]IL[UBA(&FKW9XLFY+E-282'/3(COA\25
MI3N4DJP4D'/!&1G.,.-'U8S(TKJ.[QY-P8M-PFLNJ:BE$A^*ZG8W)4P!G=QR
M`-V#G'>@GQUKI]-EGWEV4ZW%MZRW-2N.L.QE>Q;>-P[CRY!R.*S5ZBM2+LW:
M%/N":Y$5,;1X*R%LIP"H$#'&1QW]U5OJ+3MSO<'J/=K="?";O!8CPV'$%MR2
MII)W+V*P1G.U.0"<>PBLRWRY<WJ%IZ])L5X9M[=C>CK=?A+04+WH.%)/(^2<
M<9/ED<T$GMO4'2MR27(EQ66!'=D%]<=Q#24-JVKRM20`0<<=\$<<UG6[5=FG
M3I%O#SL:6Q'$I3,QE3"O`)QXHW@93D<GR\\57%ET]?)/0IVQ,P7H]Y;==>3&
MDMELN%,LO)2=V.%)`'LYJ0RY,S7&GKQ&@Z=GVF7(MCT93]RC>`X'%#U6DD\J
M3G.5?)[=SV"2PM6V67<!`\5^.^MA4EGTIA;*7VD_*6A2@`H#()\P"#C%=MGU
M+;;O(0Q$])"G6?2&5.QEMI>:R!O0I0P1ZP]_(XJ!:>3!G*9DJZ?W6/=H$5[T
M@STN>&VHM%*FVE*40YO/'JC&WD^0/;H"'<+;?H<2SJNZM,*A+4Y#N\9:%VQS
M*=K3;BP%*!Y&T%0`3G/(H-WUD_DXO/\`V/\`;MTIUD_DXO/_`&/]NW2@F]4U
M_"/_`+RZ=_I,_P!BNKEJD_X3<A,73EAD+!*47+.!_P`BN@I(?-GW5BP6Y#27
M$2'R]E64K4G!`]GS5@V^]HFR4L".I!()R5Y_V5F74R!!=,4I#HQ@8)4>1\GW
M_P"S-!,[5+MR[(TU>5K4PS*2I:6VB"XC=P@?1D$U#.I$MZ]:C2MA#KD5EM+3
M91RD)[@`>6,X/O!-9"20PAQP[G-@*@@'OCD`>=?$=_TD)>;"0SM*0"G"BH'N
M?ZJ"/7FV/%R&EHJ6KPTMGCU01YY\AS6WLD)<*)L</WQ1RH9R!\U;&E`I2E!&
MM06X[TOQVEJ<<)W!`_6??6F2F1%D()0IIP'<D@8/T5/JZ949F4T&GD!2`K=C
MWT&+(NL6*I#4G<EU2`HI0-V,^6?;6.0NX269T.4L(;!24K\N>P'E6'<;1+>G
M>,VLJ2M7<GE":D#+0990T`/52!\]!UL/EUQ]I;>Q32RA0W9S7>0",>5::UH>
M9NDUD@!H*R-@(1]&<_UUNJ")RD,0YS@><==2L;BVM'#A\CGS&:1)5T2PZ_'*
M5MIX+0.0WG_)K[O\$I4Y*4ZVD$@(0!RKGN>:R-*[?!DH4M!)4,(W#..<G'LH
M-:S=GE7,2WE)`6<+0D82$^ZI?:S#?0R\ET-QG5D*6$Y*0#R2FH_?+6Z_++T5
MLD>&5.%7'(R2?J%?+=P3&TXE,-[PI'B`*&X;MISGZ.U!ZSTZUHV\:,N;6G;6
MEZ(QXJO#?;(*G_#'.WN<C;S7F"[ZIU;`MKEI,066)-04/LL,%H2$]L*R3G&<
M<8[UW7OJ=J6YZ7C::*VH\9L??WF`4NRC[5G.#V'8#M4?TQ;I%]N[5O1<HT(N
M)(6_,?"$)3D9Y5_50;7IHJ3#U9:;GZ;&M["7G$>F3.&$'PSD$^T@X^D5N-7V
MZ\:=U6O45MNENFN7-]Q^&]">#BQE6=R4^1&1BH7)AN6J^JMMQ",,2`ET`Y3C
M(R1\XJP.H5[T1(TU%M^G7G7KBT_N\13!0&FQGU$'/;D?/B@[&NFG4?4U]><O
M%N<0Y(1N<FR492,)R,8QR<`?36LBQ'M'WMB+,TN')L=_8V])05I6LG@[1C/;
M@9K67S7FH+P;9(=N\D2837@X"B`KOZW'M"MN/=4ETSK]6CK.A^QK9O%XNSVZ
M4S-94I$79\D(`5DD[SSG\&@V%\U-)G7JZW&*M+(N&U*RE.T@!*1M'L&4]JUL
M>\KTK';U"B,AR:ES$#QTDMJ6GY:O>4Y3Y^==EHM'4F^W:/?(D1YINY/;'"T@
MA"$X]8*!!VC`/?V^^O0.J>FVFK]IZVPKX50H]ICD)>CK2V$9"=Q)4#CY(Y-!
M2NGNO%_<U2S*OKR&[44A"V6&O52,YW;<Y)\N]>B[#KC2E_,=NU7R&^^^DJ0P
M'`'.,9RGN",\U`ON/:!NNC6H-KF+>9;*G6KBPZVM:U8(]903@I!\@!VKS[H>
M\1^G_4<OS=TIB"\Y&<4WQD;MI6!]&<4'H#^$GN^*UGP\4#X4;RG^?P>/]OT5
M<E4'U[OELONCK!-MKY?CJO#:4.((VJ.PGWY'S>?S5?E`I2E!\/.ML-+>=4$M
MH25*)\@*A.ENINE]4:@>L=HDK=?0UXB5E.$N8SN"?;CCZZG!`4""`0>X-::U
M:7L%HN<RZ6VU1HTV9_'NMIP5\D_1W\J#=53_`%WMF@%08USU8I]N6D[&/1%A
M+SPXR.0<@9^C-?/5/J;'A6.Z1M-7+9>(#B/%24?@\9QS[2.:H356J)FL-+JN
M%^4@W&.Z$,.;2C>DD9`).%8'<#MG)[T%A:AO6D(/3.:[I_2DJW0[W#4RU/QZ
MJW$K"?#4?:=BE?0:O/IQ=;9=]&6J1:GFG&$,(:4EO_>U!(R@CR(R.*I"1U#L
MUUZ%NVB?.9%\5$4T&$A([+PGC_B@5:72B+;=+Z4BV/X2;D20P)[H"=I0A:>"
M1G('J'D^R@W8LIMFJ+GJAZY;8;[2=[`3C!2$C).>V$]L>=1&[]49R[_#M&G=
M-SIR@MM4M?AG"&EJP%#CW*Y]U;+6UN^Z18U6S3VI%6];$A)?6$;@M.T^K@$'
MS!SGRKGI=T]F:*;>]-U"_<E+2$);\,(;0D9(X.3G)/G0<=6=".:]L#;3+ZHL
MV.0XR%GU%'!R%#R//>NGH>N;%TP]8KD[%+]N>\-IMAT.%#.!M"E#\+.[V>52
MVYWZ1#O]OM+5DG2FI2L.3&T'PF._*CC'ZZ^]T6!J-J/'LSH<N"%*=FM-G8DI
M!("SV!/E\]!Q=;9)1*=O,&5+7+0WA$0OA+#AX[C'N]M5E;OX0.E'?1&9L:6P
M^XH(>)3ZK1SC.?,59FMXEVGZ3NL.Q.^%='6"F.O?LPK(\_+SKSCI;H[*L\PW
M+74Z)$M(.Q;&\*,A9.$I!X_"*3[^U!<_5&X1+OTNNDRURT/QI#)2EUGU@H8.
M0*K;7_3W1XT>F79K7_NQ&9#CD:&[A2@3C*@0>!R?HJ>=26K3$Z372V6=]EAI
MB)D-,D9QM/!'<9JO;'HNV:8U$B5J[6S+R[G'(0C&Q2]X4@')5CYN.XH(/HVP
MZ;U38;1;YMRDPKK"DK2IE?R925K)VMGR5P!Y\UD7K2%@8]/8>L5\M<]XI%O:
M>="DE14!M(V@\C/.?.KVT?H.S=-[?<Y$"<J6_(0'&O2]IP4@XQ@#.<^51;1G
M4+3^J;#*7KV1:D3HL]:X[:U!O"$)2H$;E9SD$#VGB@I_1]LUYH[5,2Y#3UW6
MW`=^_LM-D!Q&X%:,XQ@X[UG:NZMW34FG+S:)FYLSGT'PE#*6D)*2$H/&WE/.
M<YYJ9:ZZ][7HAT8E#C9#GI!G1R#G<-FW!'EFO/4EYV1(=>=/WQU14KRY)S06
M5TAN3LR:K3#KR6(\@*6EY6,(5D<J]HY[<5+M1,7S2?44"#:ERF6\2&4QOO@"
M-N#E(Y3DY[GSS55:2=NOH=Z@VJUIFNR(^%JV*4II(SDHV\[N>/ZJQIMYU%&M
MR;5)N<CT1Q'#'B9P`K.#YCD9Q065JOJ*PSZ5*MUHDVFY7!$A#S'I`W,K5C[Y
MC;^$23[\5"K:[K"TR1IN'(N#3ETY=A-<%Q1[9R#Y`'/LJ,0([4N0L2Y+C2$M
ME9<0T72,>T`]O?Y5.^CMYMT;5K,&^6V1=8TI6QE*$E:FG",>($CD^KD8'8'/
ME0=FI=,IA:TTSIR[,26YKXBMSBVOQ%'?M'J8'<>MQ7J'IPXVBTFUP].R;+%@
M.%EM$@9+R1^&#Q@DG.*K'JCI^VPNI?3Z6PF4ZF0\B*&`L;&?!4V$'&,X&[UL
MGG'<5?,J5$ML-R5-D,QHS2<N.N*"$)\N2>U!YEZ[JU%=^H3NG('IDN$W&:D(
M@LM%U*G""?DCGDCO6R:TUU5B:!M>GK5">B.*=4[+=3)`5M42`WMQD``@_.*N
MZUL::E37=605QU.RDI:7)"@0H)R`,_2:[M1WN-91#D2KK;H45QW:OTI6%.`@
MX#?K#G./;QF@JC2^G+?T_?A-W2Q2I3D0^(+F'-P2MS`*$(QZV-@\_.IE:-3]
M.(%RF38-WMS<J>\E$ATO#<IS;PD^S`&/G&*E\^T6VYR8DV0TEQV,H+:6#G'(
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M+>`>"N_WM'EC:,]^/96SF6Y?PS!TY8[_`#[:F+'W+CMH&U30(&4J([Y('UT$
MAAV>1(M4B#?9'IA==*MW;".,)_KK+79+:Y)@REQP78*`AA1_``KN8ML9B4_+
M924/2"DND'Y1'[:I?6'1J*N5,OBM5W%B.7ER'4K5N#84HJ(3C'&3VH+T``["
MH3!L%DL-\>?N%R:<>N#RG([4E?K!1))"?;WJ1:<N<.ZVIJ3!?=>9'J[W1A1(
M]M:/3ELO;MSN$F_E+\?QU^B)<(46T[CC'''&*"37268%ME34L*?]':4[X2/E
M+"1G`]_%4_J&[V2QJB66-8IJ/C;M4MWQ0/`4Z,D$8[Y7V\\58.L;C`2D6J0B
M4J0ILR6$MM$H6IO*P"1WP49Q[*@%C<^,-\1\9T.MH9BNN^,\GPPDDI*2"1Q@
M<"@C]M@IFWF;`A2FHLZ"4;FI+@0K?N`Q[B.#BIQ<G;E8]6PIDV^M%I;:/26M
MV#@`!0QYD^51#5%RA2GF8EM8<9;A?>2Z7`KQ@.0<@#/?O[JU,9MR5(0%A]Q&
MX>(I"2LI3[:"=:RDQNIFD+O8+>RW'N0*51C)6!NVK2HD'W@&JXLFG)H;C:9N
MT<N.[`V^VVO'WK@9"O9[ZZ=?7J7I>P1)&GG9L"X/37&G)2AM6MH-I(3C'`R2
M<=ZV6@]9V*0NU3;Y>7'KK)VQ=JF]RDJ&!N5@\#/G080T1"T?(=0'E2)3XWMN
M'@(1VP1\^:THUA$L]\5;]1Q%/0FVRX@Q3M6HG&T9YXQG/%6/U#?AO:@0U#4?
M[F8#3P/RMY.[D>7!%4[(T%==17F4W;Y3;DK)<Q*6&DE)/"4D]R/UT'HCHY'1
M-MYU,RVIB'<4D,Q5'>6P%8RI7`SZI\O.HMU1U(F[:MC],W;?%6W<9#*#(6DJ
M\(+/*A@CUNWLP15?2)>K^GO3I5F,V*VJZS@&WF9(6IEL#G:0<)Y20<^1-3KH
M[TIN,6[P-;W^XQI;CB%/-,C[[DJ`*'0YG&?/M0:C3%UNW1361TOJ)Y<C2L]9
M7'E[?51GCQ![/(+3Y<$>^;]?KDZWIJU)BPURX4B4V[X["=X"TE):''?<2<>W
M%1S^$?JA+3*=-S],EZ*X/$9N"B06W.<%LXX/'(YR,U4%KUS<).D&-%7!QU3"
M)K#L*2%X7&2%>LGGN.<I]A]W8/9=LC"X::B1KM&;5XT='C,D>J>`<8^JN+A-
MLFG;:PS*4U&AH`;;;QP$CV#V"H[\`W]I3EXM=X4X\[%90U&?X2,!`.3\P)^>
MND]/"O4<VZRKLY,C2EMK,:2G<$8SO"<$`!61QCC%!WZGLUL;TE\%65F-'0\H
MO,LI5M"RI6\D>TDDFH!>-"ZDOFE94QA3S%Y*G/O,EH[G$@`C'L)R<5N>J,E]
M-]@VYH!+#+:5-!)VA*LX`QY_/[.*@^J>IFL-%ZND)N4V'<8KK2VO18TD*$=P
M9[X^2H9&0?=0;/\`@^JO]AN%SL5_;;@(;9*VX;PV2'G-V[>$GE2=N1GMVKIO
MKEJZEZJ1Z;?I-LM6QEE^VN#9XB@HG(<[!7(XQSBJ:EZQU)(UT-3-/^+=@=S7
MA$K`&S&!CV)[^\5E(U\N8A2K_;FYTD[/[J;5X;RL')W'D'/N`\Z"S>KG1^SV
M#13=UTXP^X["5ODNNO`[F3DY(QR02D#W5(OX/]N=1T\N2W(#K2'BIQM;R=P=
M]4<I[52FL.H=[U:_E:VXUMCLI0F$73M4D`#!Y]8YYK7M=0-2Q;`Q8(LY3,-D
M@H*"0KC'ZN*#XD2I%Y7'L#CZHT"$\\MYPC<AL%U1WD>6-V._G68F^62PV1^V
M6^#&N;\L(\9Z4@E&4G/`!'T>SWUI;2A#ENO$YZZ!ATM%(9"P%/DD'!!Y(^:L
M:=<V9+"&$6B!'*3CQ64J"E?.2HB@UTEX/OK=#3;04?D-C"1\PJ5]++VUI[6]
MLN3\1<IK?X*FTG!PYZF>Q[9SCSJ)+;6A*5E"@A6=I(X/S>VOJ,\[&?:D-'"V
MUA23[P<T$HZF2[C,US=95QB*B/K=]1M39;/A#ALD'VH":T%XDORKC)D2%LJ=
M=5N663E!/NJ^.E6O;AK/4\>Q:BM5MF1A'PE2V"5C``SDGV54ET@/W_5SUOMU
MB9L[V5`0SN;V;02=VX\''S4$5!(SCSXID;L@<>PU*=4BT6^$Q9H5N/IC1"I$
MUT$*4K'*$]LI!/?'D/GJ*T$HM=ACOOP'_25N1G4A3@"/"4A7FD$DY\^?=1>J
MWYNKY.HKO%9D^E/AV3&0-J',$8`[X[`U@6FV&XL%:Y2D(;5MV8SCS^:I?I[2
M"G5+D1=/RKTE'!3X;BT)/O#>/JS06BU_",M;4)`:TS-,EL%"&/24!O;^#E6,
MD@`>5=/W3NL&IO5TSHWT1E7R7O15KQ_UW,(_54DZ?:CTM!O3=F>T?"T],V(3
MO+(2M2R!W)&Y.><9/:KI0M"\[5!6TX.#G!H/(NJD]3TS6H>MM6RK>'T%PM-.
ME0V^?J,X3Y]LUE=..E-DO&K+[I[4$Z8Y)M8;=W0UI2VZE8!&203GFK2UYHK4
MVLM6@//1XEKCL%+#I!7W(SE/')P/.L;II"7;^L6L8;L]V<ZU"8"WW@-ZCD=\
M>[%!+K-TGZ?VC:IC3<5]P?AR\ODGVX62/U5-8L6-$9#,6.TPT.R&D!"1]`KN
MI0*4I0*B?5"U3+WH&]VRWH0J4^P`@+5M!PI*CS\P-2RL:X_WOE?\DO\`])H(
M7T4ND>Z=-+&8X6/16!$<"QCUVQ@_167TY_B=2?T_._M*C7\'%25=,HY`P?2G
M\\<YW#O[ZDO3G^)U)_3\[^TH-O<-5:=MLXP)]VC,2PCQ/!<5A>W^=CV<=^U;
M*W3X-SB-S;=,8EQ7!E#S#@6A7S$<56>J+H[9NKPN35MEW`,:5>6MF*4^)M$@
M$D!1&>W89/NKZT"IO36B=1:V>>CNQ+FX]>6XD-9+;""G(;!('K<84<#!^:@M
M2M),U1885R;MLFY--R7'DQP"%%(=4,I;*P-J5D8(22"<CVU'+-?-6/Z@B19%
MO==MTQA9=D*MZV!">`RD94O[X@\CL#D#VUK.D\>X2&=5F;*B24)U#-&U<4\O
M)6G"\E9PD8X3C(_G4%B6FZ0+Q"$VVR$R(Q6ML+2"!N0HI4.1Y$$5CZBL_P`-
MV\0Q<[C;B'4.A^WO^$YZISC.#D'S&*KEK7FI5:2L5V#5L5+G:A^"WD>&M*-A
M?4@%/K$@X3W.>]9ZM:WFQR]7PK\F'-<M#$>3&<B,J:#GC$I2VI)4KLK`R#R#
M06%;8,:V0&($-&QAE.U`))/SDGDDGDD\DFLJJ_M]]U;\+RHKT)3T!4);S4UZ
MWKC)8?3_`+VI)6=R%#D$8(['-86G;UU!ONBFM21563QI%N\>/%]'<)4^%'U2
M=X]521CW''?DT%FTJ&V/4[]^9TP[;'V%IG1E2YI4T?40D!*D@;O55XAV\Y^2
MKV5,J!2E*!2E*!2E*!3`I2@4I2@4I2@@_63^3B\_]C_;MTIUD_DXO/\`V/\`
M;MTH)O5&?PJ%!.D;,5)2H?"/96<?Q2ZO.J4_A.VVXW/2=I:MT"5,<3<-RD1V
ME.$#PU<D)!XH/+UF;67TR2\&6FL;G5#C_B_34O9=;D-*<8=;<VY'JJ!YQFHZ
M-/:Q]%,3X`O`8*@HI]`<[^WY-;6QVG4$!#B7M-7AL$D[Q"=P!CG/JT&!;KVN
M3)9C2DAI"SM#C*25[CVQW'!]U8S$^:W<T1HX:*4K*0UW2KN23SW\^_>N934&
M(IF7"?9(8=2L@.`N')SP,]ACV5L8+UF$A<Y/HWB+.0EU>W8<<^?S_70;>E8H
MGP2,^F1_]*G]M/A"#Q_=C'/_`-XG]M!E4K&].A?X[&_TJ?VT]/@\?W9'Y_\`
MO4_MH,FE8IN$+)`E,G'\U8-9*?62%)Y![$4&MO;*G6&R%N!"59<2D$[D\=L=
ML<GFN^UMI:AH2V]XK>24JSGC)KOELEZ,XUE2=R2`1[:Z[=&7%A-1U9)2#DX]
M]!VEYE+H:+B`Z1D(R,D?-76_(++B$EHEL\K<W`!`]I]U:^]0%.H7+0M0DM<H
M(X]4=P3[O*L94Q5Q@JC;)#;^P`83D.'WG'`/>@V=U9#L9:DK;;="2$N+YQGC
M`^?M6ITH4"6\V6W?2PG`4E0&`.".?/M7Q<V[G)=:8("4$[04\!6.=Q!Y'?\`
M56ZC18T)MI3BDME*"DK/&<\GY^101JT/NJE)@KD`,/%25!7(R1@?KQ6,S$D?
M"#C+$14M3"E%380I64I."2!SBLNY71I]#`BQ?`4RHX7@9^:OJ^7B3>)_PHF,
MB'AEF.OT<%*3M0$Y./-6W)]IS03C0T/3UWL&H[G<],M2';:PE;#$%U0<62L)
MY05$[1G)/L!J!.P7`S(>40W*1M>1&;;4K[TH%17N&0$CU>_/(K;Z,O=WB:@\
M.POLV]<[#*RHCPT-Y]8'?Y8SWKTWJG2=ANVF9-UT\NW2+U&MRH[;L-:%(<7M
M``/)'=/&:#S%9F)5JU)$;GQ(QF94L)N6?`<!00G)!!//8YQG%3J\6W4-ATRQ
MJG4-LBN.*N"'XD?9ZB`G=ZJMIY;/'GDC'-56THR+BA%RG+:`60MY8+FS'N'/
M?V5(9>K=1,:<EZ=:G/R;$Z\0T\ZV3N0"H825#(SGMW%!+X,WIG?5W"[7%MYB
M\R$E#4%\X9R$#UPM.`D]\`GR'MKG16D%ZNN\2S)E(C>B,%Y#^SUQMVC'''.?
M,>55"TL(>2YLX2H'%3"R:U?LNH[=>X33JS%62IA:\)4"0<>K@G./.@]I1+O9
M[=$3%EWF$EZ-M:>\1U+:DJP,!0XP2"/K%1'6FKK#+N<G0EU2\S$N,5*7+@A]
M"$(0Z#R"<X^<\5&XUOMG5+3LK4&G"Y`N;\E*I2)"3MWI2`$Y[$8"3D?-[:CE
MYTO-O%IN]ZEOO_"-F0(SZ74`(=0UE)*,`>P_7059H[7NH-!29+5M*7K?(*OO
M,A)4A:=V-PP1S@8R.*B-^N!NEXF7`C:)#RG`G^:"20/HKT5I.Z:(U%9(VE-6
MQXZ):LLQI+B4H&3D@!2<8\^_G\]57U(Z77O2$]]QJ.Y,M/*VY32"H)3WPO'R
M2!W)X]E!#6+M);BB.MYQ;#>WP6B1M20H*Y'UU<T;^$=J(!7I-GMI.[CPT+''
MTKJBT-*;<;+R%)22%#(QD9\LUMKZ_`$Y<FSR`6GTJ'AJ:PM"3Y*R-I4?:GB@
MM/1W41R9U@CWZ\W%,-B>D-OH9<PPT`C"4JW9R#@'@YR?HKU@TXV\TEUI:5MJ
M&4J2<@CV@UYRL7\'R/)L5ME/WHB8ZI#[BD-^J&RG(2,\Y[<U><^U3V[-#MUB
MGB$J.XT/$6G=N:2?63\Y'&:#8S&IRY4)460VW'0X52$*3DN)VD``^7.#]%9E
M?*`H(2%G*@!D^TU]$@#).`*#Q[U#L^E&-0ZDN<_4@F2"H(9@PDE*_$.T^LI0
M*2D`*!QYXJ!.ZDG.:67IUB.V+8'O2%>IDMN*QG"O))V@8->CM63.B<2[7.7/
MAQG;NP-[BFPXK*B`.,':3R/UUY;N;K3MQEKCNN.,..$I4L!)4,\$@8%!V1V8
M2&'ERPZV\EK"$[ADN$@I]7OMVY^G%>U-(-VR]:-CWFVL,.R'[4F,%K)!.$'"
M%<]AN_6:H>V:+*^C,^^79B(XJ&\F3%=96%K6T`0I"BD\>L?/V5<FEK[*?EKT
MC)M4:V6M</9'?;7L*TJ2H`IR<*/`X'(\Z#OZ207X8NHD,*:6'0D^H=A('X*N
MQ`[595131>F'].&6ER<9+;BAX>2K(`&!G/&?FJ5T"L>X>E^@2O0-GIGA+\#Q
M/D[\';GW9Q616FU9:YEYL4JW0;@N!(=`"7T=Q[1\Q[<<T$$T5)ZM"Y3OC1#@
MJC)966$-D#Q',C;@[N$XSW]U874ZW:@OO2^5,N^GP-1V]]MV&W#47L'>C*TI
M23GU=W!SC&:L/1=IN%DT]&MMTGB=*:*LO#/())`YYX&!6^(R,'D4'FRY]/[=
M%Z:3]67>(ZQ>I$;*VBM8;9./EA!.=Q[G)(R3@`<5)=5Z@Z<6"_6Q[4MM=<NT
M>&EU#G*@`2H`8'!.<_74+ZMZTU*Q\-Z4NRX[8*R4MI4"0R<E';VI(-:^]]2;
M="L(T[+AQK]<&HW@&Z*;'JJYX!(Y`![^^@BG4WJ,]JW4$2Y6YIV"W#!2R-V3
MY8)\O*H`@H6\5/!2DX))0<$GV\^^NHCG%;"XVJ3;X\&0\E19F,!YM820,$D8
MS[>*"5]/X73V>!%U9.GPI:W4AMUM:0S@YY4=IP!QG)K#U-!F:33-TQ*+"7W7
M@MU3+J'<M8!0E6,E)['R[UC:"7$.J;+%N2F?@MV>RJ2EX#:4@X.3W`P3YU8W
M7W5NE=1QK:Q960)[#RB^YX&PJ1L`'K8Y[4&NT]9;?JSI[(AZ3MRQJJ/(:7)2
M'=OB,@+&Y.3R<XR![:T&O-'OZ:N-DLD]UI$UR)N>4@%8WE:L#CN>PXK.Z-Z[
MA:-NSIG,(;CR$%+LI"5*=`R,`#M[?*N[I^F/K#6;SUW>]-GE1=9,U_8A82=P
M`Y!"N/FH)-TWLUR3J&WZ:>"8(*/$D,O-!)<1CGY0SZWE5]Z:Z=:2TU<5W.TV
MI#4M8QXA6I6WVXR>*VUC83)::N4VR-09^W8!O0ZH(';"T^5;J@H?J]&EHZM=
M/I$R>56]V<A,6.A."TX'&MQ)\PHE/U5/G.I.DEM7M,IYY+5K3NDA<=1]3>$9
MQCGUB!CZ>U07^$"]<&M5:`^"=HN#DA]J.I6/56I3(21G@$'')K#UC%U1ISIX
MIFZ6MF\3[U,\&6UX&XLMXW9W-8).Y(/LYH-9"N9ZIZRN-BM%P<A:39CAM+*0
M$%9`(#@R,CVX/TUNM-OZ=UU=G-'/6RYW6U6E84U.D+"0TM("2/5`XSG@Y//L
MJ>]*=%6S2>G(WH\<B;):2J2ZXG"U*]GN[GBIC!MMOMY=,&$Q'+JMSA:0$[C[
M3B@^)L);EJ>@P9+D)9:*&GFL%31QP1D$<>^J1ZVWK4NCM+6.'#U2I-R?6XVZ
MEML>))3DDKY'&,I'&.3Q5XW6='MEME7"6^VQ'C-*=<=<^2A(&237G;IE;[CU
M2ZA2-=ZA25VJV+"(C2D^H5CE"`/8G.X^\B@T#/1=RWZ4F7C4=U,>0N$EUJ*V
MK:4OJW%*',@^P<\<YJV_X/D#4UOT@ZQ?EDQ?%S`27$KVM\[NW/RL]_ZJD36@
MHPUJ_J=ZY2Y"7FUH7#=.YKUO=[!Y?/4S:;;:;2VTA*$)&`E(P!05WUS`^)!4
M4(6$S8WJK6$@GQ4XJ::?D29-K85*A*B.!M(V%84",<$$<55W7Z+=Q:69J+D4
M6L28J3'2D92OQ1Z^2.>X^JK;MYS`C$J*B6D>L<9/JCV4&AMNDHD/4<N_./NO
MR'G%K;WGAK=W`]V*D?@M>,']B?%"2G?CG'?%8%_F3X-N6];;:N?(R$AI#J4$
M9.-V5<<=\>ZM?I=-ZCMOB^S?277G$J92E(RTDISM(';';)]E!N6)$A<Q]AR&
MMMIL`H>*P0YGV`<C'OK#A09+=QEN/725*CK&$QWDIV(SSP0D9^LUMJC.DH.I
MX<J\JU%<VYK3TLK@I0D#P6><)/'?M09$C34!=PA3(X5&7')SX2B-X\@1VQFL
M^[W2':(BYD]T-1TCE7<D^20.Y)]@]E9+\F-'V>D2&FMYVI\183N/L&>]0G7E
MXLTN-.L3C*YDZ,T)26-BMI/&T9'M"O(T'T[)?$=%TT;`1,%QE%Q]YX*.S(`R
M`3D#@>ZHS)@7ZRL2[:PQ%=DW/Q7IBDKRI"=W!`)]485R>W:LR39Y5WT6U=;5
M&<B71F+L9CH6XVAQ*258QGWGGO7F:=JO4K,JYQ+O(F!U33C);*RDM$GVGG`Q
MV\Z"83-66Q5Q9@VJ',FE+:1(<;(4D.;B"4X'R<8_76:V+W.O"K3+N[MNTVK#
MBW(Z`5*6.WD3YJ]U4[:3.>EQXD-:PM;H*0@$D'V\<D#O]%61H&P:KU#K&9&A
MW)IX0U_W27E;4NA)Q@)/.#[103W64G3]TMS]JBJ7<H%GPN2VD;WD#@<!/)';
MGY_95;:)AVN]=2K:QI:S%R$VL/+:N#PW8R-Q!24C`R-H[X/.:LJ_ZITEHZ[K
M"D&8FY,%+\:*UX:DH.4[E*4.>0?5[\9\ZEG3_I[I$66WWS31E!QR4F4)#X*7
M?#[^%Y#'(YQY4''58VAM2'XSL-,J.L&XE+HW-`I`3O&>`20!]%4I<I\[4<YV
MWVCPF+:A*4.RFTJ!41PH`YYS[JW.K67&IB=/W:0('PG.\.?)<;6ZI03A2!@<
MG)"1QVS4ML^CEB^*T[;FO1T-95N<04^H#C?@\\T&/U#C:1TYTLLT&;;T/2G3
MEM+3Q<).595O!Q[?ZJN?IQ):D:'L!:2E"4P&`$`Y*4[!C-5#U:T5(58;3:O$
MD3I#$A*V_"0`EMCG<#Q[U&IUTPL)BH9N$2Y/+M[3:HR&'4*2<)X&?+CVB@F>
MIM.6?4UN5;[S"1*8Y*0HD;58[@@@U0G4G0=H@V9%C:WB4P=\:2I&&V$^:2<9
M4%<9Y."`?GM6Y=1K3:M8NZ?N,EIE*$I.Y;2TG<I0``)X5R1V_P!E:OKJX6-/
M6Z4VZ&U?"##2E$I"2A2P%`YYQCV4$=Z(]2)#V=$:K*FKU#&R*X\0"^@#Y!/\
MX#D'\(>\<V/9-=V2^ZFF6"TN*E.1$Y>D-\M`\\`^?8]JA'5KIJ-4V&'?K`@,
MZC@QT*;4T=OI*`D$)R/PA^"?H]F*$L-UN-LT]=E6!<I%Y>"VKLTL@+0WR`MM
M(&[\)05_-(!\Z#U%U36_\&1X[47Q&WW`EQP()*!W[^7:O/FK]"1Y]YN'P8IW
MQTN.G#R^75^W/:MQTHZC:@BVIZP3XZI++2%+9>D@E2<J[9/?DD\UO+.PNZWQ
MEN4^O[^Z%/.=B$DC<>.U!YWNMLN%FFJB7".Y'D)YPH8XQW!^FL&KN_A'6Z,Q
M<+7-@F,]&*"UZ0T^E:E$>2@#[N_NJDR002<%1_50?(!)P!FMS$M4:59'YR9>
MQZ,K[ZVH'&T\)P?;G-:III3@<4DI'AIW'*@./=[3SVJ0:8N\:V6^\-R;7'GB
M2TE"4ON%(0<G"@`021G/T4$<`SGW5QS5T]+NE#6I;?:-1*G178A>4)<%U*CG
M!4`,I((!`!Y-0SJ,[I-W4#4;35GD0&6,,R&R3EQ0/)2%9()]]!&OA:0;&;,I
MMHL>D)?"RGUTD)(V@^P[B?GK75*=<M6>/<8K5JC-L`1FB\TE97A10D\JR1N.
M<D#L21QC%18<'.*"4Z,UK=M'N2';2B/XSV!XCJ-Q1CV<UMH>M!<>H*]2WMTI
M2XE8)2WG;E)```]]1[2=@O>I[DY;;&PAZ2ML[D*4E(VY'FKZ*TSS+D9];,AM
M;;J"0I*A@@_,:"U]9W^!>;+;FH$^,XF8ZMMZ,I!\=H)5@*R>$@CGD9J+N6&W
M%L-A)W)&/$22-WOP:BEOD^AS697A(=\-6[8O.%?/CFI]!<](BLR$!86I((21
MNRK/88H-;/-LTY;P+<N4N;**'&W74I!CJ02%`$<*"MP\N-HJP?X/FK;S"N3M
ML^!I$Z-+5S+;;4?!/<[CVVX'SY-5QU"MTFW38;<I(2MQKQ0"VI"L*`/(5\_E
M7SHO4;VFY4*?:BZJ[MR5!#94?"6A20G"AY]S0>W';58KA=F;H6([MRC(4AMY
M)RI`)!/'8]AW%5WIMV^Z,U1<;7*ARI%B?=+XF.J!#?JC*U+X`'JXQ[JKG2-Y
MNVB'[WJ*]383DB4^`W!;N;3H0I>Y1W)"BI(2>,<&IJ[U.B:QMUTM#$2+';5&
M5N=?G--XX..YYRKC`]M!;UFO-KOD(S;1.9F1MZD>*RL*25#N,BJJZ?2XL[K=
MKN1#D-2&#&8`<:6%)."`>1QWJ&='=31M`Z'NUPO=YC.M)DK;8M+3J5/>*G()
M&/)1_"[<5T?P>;S;&]8:DN,B3&A,28Z%`/.AL()=/JY4>3Y\>V@]/TK2R=4Z
M<CQ7I3E\M_A,@E93)0K&._`-1!GK3T\=4E(O2T[E%(*XZTC@9SDCMQWH+)I5
M<'K-T^""LWE>`%D_W.O\'Z//R]OE0]9^G@CB1\.>J4[]O@JW8SCY.,Y]WLYH
M+'K&N/%OE?\`)+_])J#N]7NG[32'%7]HI4L(&U))R?:!V'OKJG]6-".1)C+=
M]94X&E`#&-V1Q@^?>@POX.S91TRAJ.S[Y(>7ZISW([^^I#TY_B=2?T_._M*C
MG\'(N'I?"\1(&)#P3CV9&*R=-W]O3S^H(5PL]^+CEZEOH5'M,AY"T+7E*@I*
M2"#[C029>FY"M=M:L^$6QL@*@>B^C]T%P+W;]WRL@>6,5A0]#-0W+Y!9GYTY
M>`LO6I;.4LJ6G#A:6#ZH5WVX(![8K[^/ML_$^IOT%*^Q7/Q]MGXFU-^@I7V*
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M%/C[;/Q-J;]!2OL4$PI4/^/ML_$VIOT%*^Q3X^VS\3:F_04K[%!,*5#_`(^V
MS\3:F_04K[%/C[;/Q-J;]!2OL4$PI4/^/ML_$VIOT%*^Q3X^VS\3:F_04K[%
M!,*5#_C[;/Q-J;]!2OL4^/ML_$VIOT%*^Q08_63^3B\_]C_;MTK0=1M3-7W1
MERM5NL>I');_`(6Q*K+)2#AU"CR48[`TH+6I2E`^NN"`001D'N#7-*#6?`-C
M_$]O_-D?LI\`V/\`$]O_`#9'[*V=*#6?`-C_`!-;_P`U1^RGP#8_Q-;_`,U1
M^RMG2@UGP#8_Q-;_`,U1^RGP#8_Q-;_S5'[*V=*")ZAZ>Z-U$AA%UL4=Q+!4
M6_!)9P3C.?#(SV'>M,.C/3D#`L"P/=.?^W5BTH*Z^XSTY_$+GY](^W3[C/3G
M\0N?GTC[=6+2@KD]&.G!&#8%D'R,Y_[=!T8Z<#MI]8^::_\`;JQJ4%<GHQTX
M/)L"S\\Y_P"W7"NB_3=0PK3ZE#WS7S_\]6/2@K-71+IP5I6BQK;V\@"4Z1GZ
M55]JZ+=/#NV65:-X(6!*=(5[\%6/JJR:4%7/]#^G[KOBBVO(5SG9(6,Y&/;6
M1"Z-:&ALMM-Q)H`.5[9[R`X?(D)6!]5632@K-_HETZ>]95E6'#RI8DNY5]&[
M%?#W1#I\XR&DVR0A([`2W2`?,X*L<U9]*"E)70.RJ9?A0[U-CV]Y>\L^&THA
M7'99258X'&:T"OX-\7Q7-FH'O#_`R!GZ?5KT52@J31_2V^:4MRX5JUO,B(6[
MXJD-L,N)*L8SZ[9/;R[5O9>DM62$.,*UU*,=YLH=0848%6?/AKO4^I04K=NC
M,^;&;1\:EN.-K2I(<BLI2,*![I;!S4@G:)U@^^RZC7+ZO"26VP[&9*4H5@+2
M4^'M7D`8W`X^DU95*"G=5='Y>J$1V[KJ9;B&3E"6X;#6W@]BAL$CGL:J^^="
M=7H*XULBP78\8N*9>#V')`XP%`G`/'N'->LJ4%3Z18ZL6>QQ+:[:[$IMAO:G
MQ7W%.=^RCNQ]5;%,OK$58-KTHD9[EQ_]M6/2@K8S.L0)_P!R=*G'_P!Z]S^N
MM?J!KJ_>++-MJ[?IQE,EE396P\Z%C((RDDXSS5LTH/+6F>B^N[%?H=\2W9YC
ML=97X,M:E(7E)'K>WO\`76TU3T_U]<)CEQBZ4T^P\XEQIQN(Y@.!8V[B%JP,
M9)&W%>D:4'G2R:"ZB6+0EWTI'M=O>3<R$K>]()*!CDX*L#';@5T7#2'595\L
MDWX!MTA%O889;0W,(;3L)(4K<L*SSSCOCSKTE2@K,7#K)XY0;%I@-@9W^,[@
M^[Y5<?"'67`/P%ICRR/&=X_\56;2@K3T_K'XI3\":7VXX7XKN#_XJZC=.LX`
M/Q;TV3D@CQW/K^55H4H*P7<^LH`*-.Z;.1V+[F1_XJZ47?K6HD*TMIQ&#@$R
M%\^_A=6K2@\RZWZ:Z^UK.-WN%@ML"X!)0HQ915XP'`*MZCC`'&,=^:A;_0OJ
M&VT%(MC+JLXV)DH!^?DXKV=2@\IWGHWJR9!CB-86&IH0A#KGI"`"$IQP-V/I
MQ7`Z5ZYE:4;L,O3.933GB,S7)J,-`X!0$A>,8!/;\*O5M<XH/)NG.D.I[7XW
MPQH2-><N@I*[AX>U"<@A.UQ/K*X(SP,<XK07SH[KA$Q]V'I^3X`&Y`=D-+4?
M=ZJCVKVC2@\#?$+5V\EW3UQ;0#A:S&6K;[3@`D_14JT]T]DQ;C&G2V+NY'CX
M6X8<586I0.?5W)&4X[^?>O9^*X2E*1M2`![!05C$ZGLH:0RWHW5`;;6EL%4$
M_(/`7\V!V[CV5DS>H3C\)P0=/7YIY0^]N*@JP.>^"/G'(JQL4H/.NNKU)U#J
M;0]Q&G-0J9LLE3LI?H*@5*"FSD#'(R@_/Y58PZF0G$E1TSJ(M#\(VY??YL9J
MQ,4Q05ZUU+BNH*T:9U%MR`"8"P3GW$>5?,CJ8RVVZMG2FHWRV!ZJ8*@2?8,X
M\N:L3%0_J?K&-HC2<J[+*5S%?>H;*C_&.D<?0.Y]P]]!1W5[J)+UOZ)HK3UM
MN4=3KF^<TZR0Z<<I24#)P/E'(\A[*G-CU,]8+1:=(:+T?=7'TME*7IT5332E
M\E2EJXPI1R>>/*N/X/NCI,2!)UO?M[MZO.5H6[\M#*CNW?.L\_,![ZNG%!6R
M=1]2!:X6="E5Q!_NI(E,A'ERDESL>>,YXK77V]]5YUFF0X&B%0ICK92U(3,C
MGPSGO@N'^JK:I0>=KS"ZRWO2,6Q7;2Z)4EN6EYR4J2PDE"%)4A(`6!G(.<CS
MJ?LZBZC--(:3T\60A"4@F;'[@`?_`!:LJE!4-ZNW5RX+BM0-)KM[)4I,D^DQ
ME;DD`#&5DC'.?U5C:>&N[&_*?9T1-F/.*VI>?N#/R?/CQ?,C(X[5<]*"K+U=
M^H%SM:HB]!RV-Y'B+9G,!0`.?5^^UE0-2:\;BMM-]/IBVVTI0A3DR.%D`8)5
MEWOQ5DTH*AU#(UQ?94),SINXY#CJ\3^^#*7-_NP[C';O4)U9`ZHWC4BS;=(?
M!S3\<1U@R$**T@)P5+"R`1MP,$=^:]*5Q0>;+OH_J',U+;;O&LE\:9CK2763
M<HXW`'/J@.8&>Q]U1/J%I35M\U#-N3NC[BPT$I!2@H6I)`QD%).[/<]Z]?TH
M/$UKZ<]2+?<6YUKLKQ>;5A+F$I`)X(PO'D>]6QT[T[>M+W"=?[CI&\/7TM*2
MDID,>$LGG;A*_:!@FO0-*#RGU(T/J>]%;UOTI-C(;7XJ4NK;6I84<;4E!)X.
M3ZU6-TWG:QTMH^):)>A;@^^RI65-R&L*2<8(W.9\N1]57-2@\\]5[?JW7*H3
M+>BKG$0RX%-DNQ]V[(W**@L\[>!DXSBI]8[M>K/;H\%&@KVXJ(RAD//2(RW7
M@D8)*@YWX'NJR*4%1WQCJ1J>:J3`ML"UQ&%A+")JU>*KCDKV$C')&![JC<S2
M75Y6I;--2JV*:B/^,?!?6A@E)!"5IR"0?</GKT!2@J*]:9UW>IT.YW2P:,DS
M(:M["U.2@4D9QV.#W\\UU:NTWU0U7;8]ON"=+ML-R&I)2WXV2I)R$'/EY'%7
M%2@KY@=5F6&([<?20#;82I2S(QQVQCW8JGNI&A.H2;J_KIBV6N/,9;\63\$K
M6=^!A2BA?<[?E`=QG@\UZBI0>6=#1+QKFWN2+`;6W)8]62U(4H%M1/!PGG:1
MV/MR/*MCJ+IUU.-L2U%9M:E+44NJAO+2X$'OG>0,=^W-974C2UUZ::G1U&T4
MT$V]2\3X20=B`H\@@?[VH_\`=5C'EBZ]%:JM>L;!'O5J<RVOU7&E$;V7!W0K
MWC]8P?.@\U7#H/K1<6/X*XSI[E*GSD9[E6>,Y]GE[Z^4?P=]8J<"53K8A)40
M5%:L`>WM7K>E!YLMW\&Y7HR/A*_)$GG?Z./4[\8W)SVK8)_@[L)9$?X?<+.[
M<4E"<GZ=N:]!TH*4T=TKU=I14]BTZR3#B/K"DI:92X3@8];>@@?14;F?P?[U
M)FW)]>I(RQ*/B!:T'>I>2<J(3QSCY->CZ4'EUC^#C>E2V?2;Y"\#/W]2-^X_
M\7*?ZZDL3^#?8?"_NR^W(NY_WGP]N/I35^TH*5MG\'[35O?+S=[O1.,82ZEL
M_6D`UT2?X.FEWWUNF^7@%1SRIM7ZRG)J\:4%'-_P=-*(;6@WB[**NRB6\I_\
M-9_W!M-N)1Z3=[LZM'"5A:&\#R&$@#OSGO5Q4H*@>Z#:1D+WRIEUD*`"079!
M40`,=S70?X/NB]VY$BXH/EM='!]O:KFI00&+TFT(RRVARR(?<0G:77'%;EY[
MDX/)-9*>F&A4IVIT^R!G/RU_MJ:TH(,YTIT"X\'EZ>9+@`&[Q5^7_6KK>Z2=
M/GD)0O3R-H5N&V0ZGGZ%5/:4$$^Y/H#QV7_@!/B,JW(_NAW&?>-V#]-2CX!L
MFU*?@B`0D8`,9!P/JK9TH-<;)9CG-I@\X_\`JZ/+MY5\_`-DSGX'@9_YLC]E
M;.E!K/@&Q_B:W_FR/V4^`;'^)[?^;(_96SI0=4>.Q&:#4=EMIL<A+:0D?4*[
M:4H%<UQ7-`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E!Q2E*!2
ME*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!2
ME*!2E*!2E*!2E*!2E*!2E*!2E*!2E*!7-<5S0*4I0*4I0*5"(6O'KA']*MVC
M-12XI6M"'VTQ@E>U922-SP.,I/<"N_XWW/\`(#4WU1?W]!,*5#_C?<_R`U-]
M47]_3XWW/\@-3?5%_?T$N<6EM"EK4$H2,E2C@`>TUYJ3XG6OJOGUU:0L9_ZK
MHS_6X1]"$^VIMU0NNN-1:5?LFFM%WJ*[+/AR7I*XZ,,^:4[73RKL?=GVUV=-
M$2=#Z6C6=K06HW91^^RWTIBCQ72.2/OW8<`>X4%N(2E"$H0D)2D8``P`*YJ'
M_&^Y_D!J;ZHO[^GQON?Y`:F^J+^_H)A2H?\`&^Y_D!J;ZHO[^GQON?Y`:F^J
M+^_H)A2H?\;[G^0&IOJB_OZ?&^Y_D!J;ZHO[^@F%*A_QON?Y`:F^J+^_I\;[
MG^0&IOJB_OZ"84J'_&^Y_D!J;ZHO[^GQON?Y`:F^J+^_H)A7%1#XWW/\@-3?
M5%_?T^-US_(#4WU1?W]!+Z5$/C=<_P`@-3?5%_?T^-US_(#4WU1?W]!+Z5$&
M-:+^$[=`GZ5OEM^$'_1V7Y08\/?L4O!V.J/9"O*I?0*4I0*4J,7O5@ME[39(
MUANMTF&*)2A"#6$-E90,E:T\Y![9H)/2HA\;KG^0&IOJB_OZ?&ZY_D!J;ZHO
M[^@E]*B'QNN?Y`:F^J+^_I\;KG^0&IOJB_OZ"7TJ(?&ZY_D!J;ZHO[^GQNN?
MY`:F^J+^_H)7)89E1W8TAI#K+J2AQM:=R5I(P00>X->:[S!NW0S68OEH;=E:
M.N2PAZ/NSL\]A)_"3R4J/<9!\ZNGXW7/\@-3?5%_?UK[Y>'+[:95ING3C4DB
M')04.-J$7D>T??\`@@\@^1%!,+)=H%\M46[6N0F1#DH"VW$^8]X\B.Q'D:SZ
M\[=+[?U"T#>YL-K2]WG:3D.*6EIQ3"7VS^"L)\3;N[!0S@]_*K:^-UT_(#4W
MU1?W]!+Z5$/C=<_R`U-]47]_3XW7/\@-3?5%_?T$OI40^-US_(#4WU1?W]/C
M=<_R`U-]47]_02^E1#XW7/\`(#4WU1?W]/C=<_R`U-]47]_02^E1#XW7/\@-
M3?5%_?T^-US_`"`U-]47]_02^E1#XW7/\@-3?5%_?T^-US_(#4WU1?W]!+Z5
M$/C=<_R`U-]47]_3XW7/\@-3?5%_?T$OI40^-US_`"`U-]47]_3XW7/\@-3?
M5%_?T$OI40^-US_(#4WU1?W]/C=<_P`@-3?5%_?T$OI40^-US_(#4WU1?W]/
MC=<_R`U-]47]_02^E1#XW7/\@-3?5%_?T^-US_(#4WU1?W]!+Z5$/C=<_P`@
M-3?5%_?T^-US_(#4WU1?W]!+Z5$/C=<_R`U-]47]_3XW7/\`(#4WU1?W]!+Z
MYJ'_`!NN?Y`:F^J+^_I\;[G^0&IOJB_OZ"84J'_&^Y_D!J;ZHO[^GQON?Y`:
MF^J+^_H)A2H?\;[G^0&IOJB_OZ?&^Y_D!J;ZHO[^@F%*A_QON?Y`:F^J+^_I
M\;[G^0&IOJB_OZ"84J'_`!ON?Y`:F^J+^_I\;[G^0&IOJB_OZ"84J'_&^Y_D
M!J;ZHO[^GQON?Y`:F^J+^_H)A2H8=<.,RH+%QTE?H#<R4W%0_(3'V)<6<)SM
M=)QGV"IG0*4I0*4I0*4I0*4I0*4I0<4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I
M2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I2@4I
M2@4I2@5S7%<T"E*4"AI0T$-Z3_X"0/\`EI7^LNU)YMQMT!329TZ-&+JMK8>=
M2C>KV#)Y/NJ,=)_\!('_`"TK_67:Z>JMD9U'8H5D?66TRYR&PXGNVK8LI4/F
M(!H)QQ6J5J'3Z6%R%7NVAE#GA*<,I&U*_P":3G&?=WJ%Z?U3/O6A8<1:E-:E
M<DFSR4X]9F0CAUSZ&PISZA6#TPT_;KKTFF:>>:_N*1)G1^>2D>,L)5GVC`.?
M=068BX6]<#X11-C*A;2OT@.I+>T=SNSC'OKZA384^,)4&6Q)CG.'67`M)QWY
M'%5II2]S9/3I&GG2EO4$61\7W$X^2XGU?$Q[`T"Y[#M-65;H46VV^/;X3*68
ML=M+33:1@)2!@"@P_C'I[TCT;X<MGI&[9X7I3>_=[,9SGW5ML#V52RO#>NO5
M*W?`,F[.3)+;3;++`4E2C&2$[E'`3R0<GMWK;09NKM(Z6M=IFJ@>+"M!==G3
MG2M+[X)VQD!*@HD)'*^>`.#06G@>RF![*K->N[[.=T<S9K7`"]26]Z2WZ4\O
M#"T-!>#M'*<J'(Y/L%(MTU<[U2:M4IZWH;;L+<IR*V7"V%J="5X5YG<G`41P
MGRSF@LS`]E,#V54S/4+4IT["U,]:[6FVBZ&!+;2ZX7=I?\(+;\N.._?W5M=0
MZXN3#MW%A@"8JU/!E4;T.0ZJ6L)2I:4+;24H("@!G=DYR`,9"Q,#V4P/95>.
MZKU3.U3)L5EM-N06[?&GH5/<<;4$N+PI"T@92O`/'D1R?*LC3^L)=ZU!)M[*
M[>@Q9ST:5;W-R);#:-P2[R<+"L)/`P`KN<4$[P/96`[=K2U-3`=N4-$Q7R8Z
MGDAP_,G.36?5?7%*3UJLA*1D6*5@X[??4?MH)W+DQ8;"I$M]IAE/RG'5A*4_
M.3P*^84R%/8$B#*8DLGLXRL+2?I'%:O6W^!FH/Z-D_V2JQ.FH">G>EL`#_<J
M*>/^230;V?.@VZ.9-PEL16`0/$?<"$Y/89/G7Q!N=MN"0J!.C2002/!=2KMC
M/;V9'UBJ^L#OP_UBU0NX`+1IUB/'@-+Y#9=25N.@>2C@#=WQQ4[598/P^W?D
M-!$],=<9;B1CQ&RI*@%>W!3Q[,GVT&BUQ_??1/\`3@_U614O'85$-<?WWT3_
M`$X/]5D5+QV%`I2E`J&M_P`K3_\`0#7^LKJ95#6_Y6G_`.@&O]9703/`]E,#
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MRO,FC]1/:*U'U9<MS/BVNWJ<?98S][2]XVQ`X[#UB#CR3[JG-FUE?8%]T'&N
MD]5PCZJ@%UT*:0CT9[:%`M[0/5]8#!SVSF@N+`]E,#V52VC[UK[55_U5;(^H
MHT6-9;NEI+KD)"UNLAQ8+?&`,I3\K&<XQCDUK==]0-7:=7<I;DQAN5#O"&FX
M$<(>9,-23M\9022AQ6,C*@>^$@#-!?+BDMH4L@D)!)"4DGZ`.36ITWJ*RZFA
MNS;'-1+CM.EE:TH4G:L`$IPH`]B*ADC4MWO'5A>CK?/5;H4"V^F/K;:0M;[B
MMNU)*@<(`6D\8)YYJJ=#ZLGZ0Z0W>9;_``S<)>I%0VG5HW);4I""5[?/`2<`
M^9'>@]0X'LI@>RJYT_J6XQ>I]ST+<)CD]E$%N;&E.H0EQ)X"T*V``C)R.,CM
MS4PU/=4V6QR[@2GQ$)VM!793BCM0#[MQ&?=F@RX-P@W!4I,.0AXQ7U1WPG_>
MW``2D^\!0^NLO`]E>?.F%S1I7JS>-+*NAGVZ^CTN++6?XQ_!4K/`Y/K@_P#%
M34EU%J'6"^KHT;9;NQ%ARK4J0EQZ,AST=>%>L.Q5RD<$XY\\8H+>P/93`]E4
MC+U;K)V\7S3D"7)D76P0(X"HD%"TSY:@%*+@(]1L_)`&WN3GL*VVL]4:IB*C
M+6L6>*_9')3:&2AR69H1N\,MJ2HE"<>L0`!W*AVH+8P/93`]E1#I7J&;JG05
MHOEQ#8F2$+#I;&`HI6I&<>6=N<5+Z!@>RF![*4H&![*8'LI2@8'LI@>RE*!@
M>RF![*4H&![*8'LI2@8'LI@>RE*!@>RF![*4H&![*8'LI2@8'LI@>RE*!@>R
MF![*4H&![*8'LI2@8'LI@>RE*!@>RF![*4H(9U'_`(G3?]/P?[2IF.PJ&]1_
MXG3?]/P?[2ID.PH%*4H%*4H%*4H%*4H%*4H%<8KFE!QBF*YI0<8IBN:4'&*8
MKFE!QBF*YI0<8KA&XI]8`'V`YKZI0<8IBN:4'&*8KFE!QBF*YI0<8IBN:4'&
M*8KFE!QBF*YI0<8IBN:4'&*8KFE!QBF*YI0<8IBN:4'&*8KFE!QBF*YI0<8I
MBN:4'&*8KFE!QBF*YI0<8IBN:4'&*8KFE!QBF*YI0<8KFE*!2E*!7!KFAH(;
MTG_P$@?\M*_UEVMS?[=-GNVQ<1UA"8DM$A?BA1*P`H;1CM\KOSV[5IND_P#@
M)`_Y:5_K+M;^]WVU6-EIZZRQ&:=<#:%J0H@K/9.0#R?(4&H@:0B6_5]VU1&<
M)?G,H`842&T.@86YCVJ"4`G&?5/MKZT!IZ;IBRKM<R4Q*_NEY]+C2%(_C%E9
M!!)[$GG-;.\:@M%E:C.W26(R)+@::*T*]=9[)X'RC[.];1"@I(4,X(SR,'ZJ
M"+1='Q8^O)NK4.JS)C(;,?G:'AE)=]FXHPGYL^VI4<X..]*$X&30173&GIUI
MO^HKI)E1G6[O(0^&VT*!:*4!`&2?6X`.>*PKSI2[2]53KO$N<5,>=;#`4F2P
MIQR-\KUFB"``K=R#Y@=^U22R7VUWU$M=KE"0F)(5&>(0I.QU(!*>0,XR*V=!
M7%CT+=[?)T2_(N<)WXN1'HQ2AE:?&#B0C.23C`2/G.>U;V7IN:==MZKA3V4!
M5N$!Z.ZR5%24N%P%*@1C).#D'CM4JI05E]SZZ?$4:7^%(>_X2].,CP58QXWC
M;=N?YW&<]JV;NE]2P;]<9VF[[#AP;NM+TR/)BEXLO;0E3C)"DC)"1PK(R,\]
MJG5,YH(G;=-3(>MY>H536W([T!J"EI047`&U%065=B22<\5JW=&7.XWJSW"\
M2K>MRU35269S#2DRG&\JVL*43C;A0!/GCL.]6!2@CFCW;XZBZ"\RF9:$35B(
M^TP60IK`.,'OM.4[O/![]S@7C3M[?UK$U-;YL!OT:$Y###[2U;PM0459"A@C
M:./GJ94H(G-LVH[E`O#$^XP-TR&J)'0RRM+;(4%!:U942M7(QVP![S6):[%J
M^VZ:@Z?C7:TH1%BMQ$RA&<W[$I"=P&_&[`^;/U5-Z4$.N&E)4;4GQGTW,9C7
M!UA,:8Q*0IQF6VGY!)!"DK3Y*YXX(K?6^/=%/B5=)#.Y*2E$>-N#:<]R2>5'
MCC@`<\>=;.E!#]<?WWT3_3@_U614O`X%1#7']]]$_P!.#_59%3`=A0<8IBN:
M4'&*AK?\K;_]`-?ZRNIG4,1_*W(_H!K_`%E=!,ZX6=J2H)*L#.!W-<TH*:<L
M\OX[RM:QK9J^/=)#/@*2F)#4V&\`;<%PG\$<YKNG6Z;<K9?85SMVLI;EX;;9
M=>7'B)++2,D(;2EP)2/6/D>^>]3"[WVZQ->V33S'H7H4^,^^XMQI1<1X6W@$
M*`YW#N./?4B^$[8&%2#/B>"E?AJ<\9.T*_FDYQGW4$/TU<7[!I^!9&-*:F>:
MA,I8;<<9C[BD<#.'<9J)P+'-MVI+SJ*!"UE'G78_W24PX2D@9R-@4LXQ[\_3
M5N2[G;(?B>EW")'\)'B.>*\E&Q&<;CD\#)`S[Z^W)T%J$)SLR.B&4A7CJ<2&
M\'L=V<8H*SM-HLMKT[<;`SH/4SL>YA7ISSR65/25*[J4OQ>_.1C`![5AV.S_
M``=<[-/F6#5=Q58XIBVQ#T>,D,H/&Y6'?77MP,\#`[9YJW(LB-,CMR8C[3[#
M@RAUI04E0]H(X-0O7M\U78(,N]VZ);'+9!*"N,^%J?E))`5L4D@(/K8`(43C
MRX%!H]&Q%:6N5]N$?3FJI+EYD>DR`ZQ&`2O*CZN'>!ZQX.:BUST(U<(E[B+M
MVMTQ[E<?A+PO!B%+3N3D\N95P2.3[.,U:U]OTQ%\M&G;2AE%PGM.2779""M,
M9A&,DH!&Y14H)`R!W/E@Y&DKXY>&;A'F,H:N-LF+ARDMYV*4D`I6G/.U25)4
M`>V2.<9H(#=+6_*U-"U/!M&L;?=6HHAR'V8\17I+7^4"Y@*]X''''`K66[1M
MMB:.GZ6=TYK&1'E2O30\MN,'&'AC"T$.>X=\^?MJZISSD:&^^S'5(=;05(91
MP7%8X2#Y9/&:@L?46KK5JRSVC4\.TNP[R7$1W;;X@5'=0C?L7O\`EC`/K`#Y
MA08%@;>MNH)^I9NFM3W"]3&D1U/KC1VTMM)`PE*0[QD@$G)R?96?=[A<+C=+
M5.&GM4,MV]TO".F-&*'EE)3E67<\!1QC'/-?,K65T5;[]J.#&BKL=EDN,+94
MA1>DH:(#[B59`3M];:,'.PY(R,;.3J&?<]1*L>FW(0\""B;(E26U.)^^$AIL
M)!2>0DJ*L\#'!)X"):WM7QLNUGNSE@U;`EVE?B1G8K$7=NR#R5.'(!2./>?;
M7<(;AUZSK9W3VJESFXOHG@B/&#11@Y_WW.<DGO4D8UU%7HV+J!<%TS)#WH:+
M<@@N+F!9;+*2>/E)5ZQ_!&:D=H3=O!+EW<B>,L`^%&0K:U[1N4<K^?"?FH*O
MNUI?D:P5JRTVK6=FN$AD,3/16(BDR$#`Y"W"`<`<X/8>===[L0NNHF[U\#:U
MC8MBK8ZRTB,KQ62#G*E.$@G/)')QW%3'4]]O<'66GM/VXV]+5V;DK+LAA:U-
M>"E*N`E:<YW>[%-)ZQ]/E7^UWUN-!N%B?2U*=0Y]X<2L90M)5\G('*3G'M-!
MSTKM/P!I-JRI8NK345Q8;^$FVD+(4=W`;41C)/<YSFIG6'\*6SP)$CX0B^!'
M64/N>,G:TH=PHYPD\C@U\?#%I]&9E?"D/T=[(:=\=&QS'?:<X/T4&?2NDRHP
MD)C&0UXZD[TM[QN*?:!WQ[ZZH5SMT]3J8,^+*4R=K@8>2LH/L.#Q]-!ETJ#Z
MQU<Y;+MIZ#:9MM?5+N[,":P5;W6DK"CD`*]4^KCD>=;W6-REV?2UVO$(,E^#
M$=DA#R2I*]B"K:<$$9QWH-W2JT>UM?K1'TG<[Q'MTFVW]QB.KT1*VW8SKR=R
M.%*4%I\CV-6!/N5OMR$N7"=&B(6=J5/NI;!/L!)%!ETK$F7&WP4-KFSHT9#A
MVH4\ZE`6?8,GFN)ETML&.B3-N$6,PO&QUYY*$JSR,$G!H,RE8LBX0(P0J1-C
MLA:2I)<=2G<`,DC)Y``)^:OF/=+;*=2S&N$5YQ20M*&WDJ)21D$`'M@YH,RE
M8;ETMC49V4Y<(J([2MCCJGDA"%>PG.`?=7*[G;FX*;BN?%3"4`1(4\D-D'L=
MV<4&72L47"`667Q-C%I]8;:6'4[7%GLE)SR>.PKN?>:CL./O.);:;25K6HX"
M4@9))]F*#LI49TQ=[IJ)IN\-LM0[,]ZT5MULJ?D->3AY`;"NX3@G&"2,X$C?
M+H966$H6[CU4K5M23[R`<?50?=*C'3K4,K5.DH=\F,,L/ON/)+;))2D(=6@8
M)Y/">_\`56OZF:INND(,"Z0H;$R(9`3,94E7B)9"5*6M!!QD)23@@T$WI6JN
MMZC0;`[>FR)#/@AQ@(/\>58\-*?>HE('SU"K=K#4L_I4C6+$>W&YNI*VX@:7
MX9^^^&$9WYR?;V]U!95*T&D=1Q=1:5A:@!2RAUG<^A1QX"T\.).>VU0(Y]E1
MW1NK[SJ=G4TH,18;%ODJ9AH6TI2UI\,+2M?K>84DX&,9H+!I57QM9ZJ^YY&U
MVZQ:'XWHWI4B$A#C2PWGG:X5*!4!S@IY[5/V[Q;C:(UW?E-18;[2'4N2%AL`
M*`(R2<`\T&QI70F7%5$$Q,EHQ2C>'@L;-O?=N[8]]?,&="N#'I$"8Q*9R4^(
MPX%IR.XR#B@BW4?^)TW_`$_!_M*F0["H;U'_`(G3?]/P?[2ID.PH%*4H%*4H
M%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H
M%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%#2A
MH(;TG_P$@?\`+2O]9=K7]9E.)T[:E-("W!>X)2@JV[CXPP,^5;#I/_@)`_Y:
M5_K+M9^LM.+U-#B1/3S$1'EM2PI+065+;5N2.3VSWH(7U+EWAX:31.M#<1GX
MS0"'$RPX2=YXP$BMGJ/4>H9%TO=NTVP_X]J#:$[(J7D//J;#FU94M)2G"DCC
MGDG/&*W^KM-.:D9M3:KCZ*8$YJ<E2&0K>XV<I!R>$Y/;O[ZPKMH^<]?W;Y9-
M22;-*F-H;GI9CMNHDA`PE0"\[%@'`5SQCB@TVH]2:FCQ/2%.1;0\W9O3A#\(
M27UR0"5H4D?):3M`WC'RNXQBLF'JRXW]_3%J@+:@2[I9Q=Y;VSQ/!;P@!#8/
M!)6ON<X">V3QD2=`E5PNC\.^RH\:Z6U%OEM*;2ZM00E24K2M7R3A1SP<DD\'
MFNMC0#T.-IQVWW]UB[V2+Z$B6J,E2'V"`/#6WD<<#&#D'S-!$M'WJX61G44-
M*H[UWNFLWH#;Q00TE9;0I3A1G.`E).W/)P,XYJ2.WW4,#5MWT\]<69+4:P*N
M;#YBA*PYXA3M4`<$#:>P'?Z:^E=,VUP+@TJ_S!-D7?X9CS$M-I5%DXQD`#"@
M0,$'@CV5J;1$6KJ_<(%SN_PF\[II,=]X(2T-Q?.4)2GY.$G.,D\YH-C`UA>9
M$?IQ)68W_M"DB:@-<`^"7,HYXY'OK%N>L+_;;O"6]+A.I?OZ+8Y`8:+B&6%J
M*4*4\.SN`%%)]N,#O6PMO3J3#3II#NIY3[6GWU*AI]&;3]Z*-@0KVG!P5?4!
MWKI^YF\+5%M+6II*(<&["YPQZ,A2FU>(I92M1/K\J.#Q[P:#M@7;5]VUKJ2S
M1;A;(\2S2XG*HBE*=:<;WJ3\O@X/RO:.PJ/Z1OUYM&E[M<94XW"7*U`[`828
MXR7E/AO?PH9&!D(X'`&:L*Q:;5:M1WZ^&>7UWA;2W&RT$AOPT;$X(/L[^_V=
MJTXZ=PU6:\V9VZS50YTQ<YC:$H7#>4YXF]"@,DA8!&?+B@UK^H-:6ZU:JDR(
M:_1H-O7-@S9L1+9*TI)6TM"'.>P(4,>><XKKDZAU=;M)P=17"0R]#GB&MU4&
M"I;EN:4V2ZX4Y/B#=LYQQDG!P!6].C[I+L5UMUZU5)N,F?%5#](5&;;2RTH8
M5M;3@%1\U$GL./*L\Z?N#-FLD"WWHQG[7L2EXQPM+Z$ME&U:-PX((/!'(XQ0
M=^C;F;O94S1=8=S:6XL-2H@VI6C/JY&3A0'!'M\AVK?5HM*:=CZ=C36VG`X]
M.F.39"D-AM!<7@':@9VIPD<9/F23FM[0*4I0*4I00_7']]]$_P!.#_59%3`=
MA4/UQ_??1/\`3@_U614P'84"E*4"H8C^5N1_0#7^LKJ9U#$?RMR/Z`:_UE=!
M,Z4I05I\(PM1=3].W"S2$RHT2!<&WUH!'A*#C:,*!Y!W`XSW'(R*K_4LV#'T
M)U9M+TAENX.7YUYN*5#Q"@J8(6$]]O!];M7H5F-&8<=<98:;6\K<XI"`DK/M
M)'<_/7PY!A....N1&%N.)"5J4V"5`'(!..0#05BABR7+K3(+S<&5'<TRTZK<
M$+0L^.?6/D?5QR?*HAI2X(AZ1Z?R)UT<@V5J1<67)B0A:(SWBJ#&_>E24C;O
M`)'&1R*O\Q8JG%.F.T5J&%**!D\8Y/S5PJ'#]'7'5%8\!?RVRV-JOG'8T$6Z
M<PK-#@7-5ANC]Q@R)SCY?46RR7%`;PSL2$[,^SC.<>=8'4:1IR[V2YP5:A$>
MZVT>*RB)-*'FI*1N;^]I.5G.,)(.<\<U/$(9CLI0A*&FD#"4I`2E(]GNKJ,&
M"9?IQAQ_2L8\?PD[\?\`&QF@KB.+A;]<Z2OVHBEEZ=I]5NDN'"4(E[D.E)/8
M%6%X]I37WI2[6RTO:LU9=9K42UW6]!F&^X?4>"$):"DD=PI258/;`SVYJR)#
M#$IE3$EEMYE?"FW$!25?.#P:PKS:8]TMIMKN$15X2M*4`Y0/P1GY/LR.0.V.
M]!ES)4:#$>F3'VV(S*"MQUQ6U*$@9))\A5>6;5>E+_J:'=%WZWR)8S'M4!AT
M..H"_EN*2.0M0';\!(YY*JL4AEULM$(6CY)3@$?-BOEN)%:6%MQF4+'924`$
M4%.(>1:.F6LM+/8-V3)FPV8V?OD@R5J+!0GN0H.#&/8KV'&XTK%:T=K2YL7>
M2TPS,LL`LONK"$*,9"FW0">,@%*L>PYJS%Q8RY+<I<=I4AL%*'2@%20>X![B
MDF+&EH2B5':>0E04$N("@%#L>?.@HJWVM;,'1-\O3*FK-(OLZ9)0]E(:$D+]
M'4OV#.WD\>N`>]3K0,8P]7:NCVM9.G$KCF.A*MS34@H)>2WY`?))`X!./;4^
M=:;>:6TZVEQM8*5(4,A0]A![UQ'89C,H8CM(::0,)0VD)2D>X#M05KKM+4CJ
MGH**9RXRU,W'UV7`E:<MHQC.>^#Y5@=5M-V73_2;5`C-;GY2T2'I,ISQ'7GB
MXD;BI7GC.,8QSBK67%BN.^(N.TISON*`3]=?;S++Z0AYI#B0<@+2",_305GJ
M>+;+#J;14EJ)$B:=>F/*FN(0E+1DE@)CN.'L3D$!1\R#WK43=+"_S^H42SI;
M$)9BR82D`%I-R0@J44>0)PV%X_G$'G-7$Y&CN1S&<8;6P4[2VI`*2/9CMBN8
M[#,9E#$=I#32!A*&TA*4CW`=J"J+A/N.I>G5ZU?#A/MRY,!#++"$??4M)(,@
M)'M*O$`]H0FNJ,;+<7IE^T=J9^ZW\6-]J.U&2PE+:=N6PZEM"2%!>`D'G.<#
M`-6\A"4)"4)"4CL`,"NJ-$BQ=_HT=IGQ%;E^&@)W'VG'<T%$R+CIIW3'2AR#
M)A)DQ[O#2^"M(=:5L5XV_P`P2L9)/<X-6KU+6AOIWJ@K4E(-JD@;CC)+2@!6
M^1`@MO+?;AQTNK7XBEI:2%*5@C<3COR>??7>ZRT\C8\VAQ.<X6D$?KH*0@QV
M-.*T9JZ[/N7+3:K?'9*Y+I=3:)"D)"7D#.`A7R2<92<<XXK;ZAN%K5KFX,:@
MU"W;+9<+4RF!(6&%1WV\K\9&]Q*DA62DX!&1CO@5:PCL)9+`9;#1[H"1M^JN
MMR!!=:;9<AQUM-JW(0II)"3[0,<&@J.3"9M\>P#35^95*@VAU#,34('AW"$5
M^WC8<)3@@?)*<\9K&C7FWR+I:'KW,7IFTW#3K"8"9*&BRG"EAYDK>01G'AGR
MW)`SY"KEEP(,PI,N''?V]O%:2O'UBOJ3$BRVPW*CM/(20H)<0%`$>>#04L[:
M-/LWWI3:V%KG6U)G(9<N`27'F?"46\\#*,_)!';%235T&/HZ_P"GM56>UH$=
MMLV:3'C-@?>G,%C`';#H2GYEU8SD:.XXEQQAI:T]E*0"1]-=JDI6,*2%#(."
M,\CD4%4:E2G3MWTD+M<U6ZW+;E>D7!+;9;3/<V*W++B2E.X>*`2.,D9QFL/X
M,LT>R6YK36K"RLWMZ7;IDU#:X;[Y;5XC20D)3X9W+QM[*SMJWY$=B2RIF0RV
M\TKY2'$A23\X-=;\&$^PF._$8=82,);6V%)`]@!&*"`:2NECGZ>A*U%:[9;W
MFKVXQ'0%>(PY-"U$.,$C\)141[#D5(.I4*=<M`ZA@VU*ERWH+J6T([K.WE(]
MY&1]-2(18P:::$=H-LD%M&P801VP/+'NKNH*CB-6Q5^T%<-&N(2Y(;4F<VPL
MD+AAGDO#/=*]J1NY"CBK-MMWMMSCOR($UF0RPZMEU:%<(6@X4"?=60Q$BQW'
M76(S+3CRMSBD("2L^TD=S\]?2(\=#:VD,-I;625)"``HGN2//-!`.A+B%],[
M:$+2HI?E`[3G']T.'^HBM[JL0WKIIV%,4T6Y,IYM32U`>(DQ7@1CS[U(V6&6
M`4LM-M@G)"$@9^JN'([#JTN.LMK6GY*E(!(H*HT'&N;,EW25V"Q;M(R%K;DN
MD;9"%)S%&?\`(0I1/L*45BZ&E1D=`[.I4AI(04)42L`)/I?8^^KC6TVM*DK;
M2I*^%`C(/SUU>@P]GA^B,;,YV^&,9^J@JOX-N%NUI>='1F738M1J%S#R3ZL=
M&0):/^N=H&.WB5FZ'DQ1-ZDXD,A*+LX3ZXPE/@(&?<."/H-6:$(``"4@`8&!
MV'LKH$&$`H"(P`H8.&T\_JH//\2)IF5T-@&5J1UB:W!\1N-Z>74./I)*&S&4
MHI7E0`V;:EL"YW(ZJT/,U?':A-2;(ZE#;B=C;4\E!(P>$K+8(`//*@/.K3;@
MPFG`ZW$80X.RDMI!'TXK[E1HTME3$IAI]E7=#J`I)^@T%'2@NV6Z[2HSKS&D
M4:L;=\2.A*T-1]GWQ:4D%);$@I/8CU58J>Z"C6'X9OMSL=_>O"IO@JEO-J:,
M<.`$#;X:0-Y3\KO^#GFIL&6@R&`T@-!.T("1MV^S'LKB-'8BLI9C,MLM)[(;
M2$I'T"@B74?^)TW_`$_!_M*F0["H;U'_`(G3?]/P?[2ID.PH%*4H%*4H%*4H
M%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H
M%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%*4H%#2E!`++
MI[7%BMZ+7;;W8##:<=4WZ1;GE+PMQ2^2'@#\K'`%9_HO4;\=:9_1;_[^IA2@
MA_HO4;\=:9_1;_[^GHO4;\=:9_1;_P"_J84H(?Z+U&_'6F?T6_\`OZ>B]1OQ
MUIG]%O\`[^IA2@A_HO4;\=:9_1;_`._IZ+U&_'6F?T6_^_J84H(?Z+U&_'6F
M?T6_^_IZ+U&_'6F?T6_^_J84H(?Z+U&_'6F?T6_^_IZ+U&_'6F?T6_\`OZF%
M*"'^B]1OQUIG]%O_`+^GHO4;\=:9_1;_`._J84H(?Z+U&_'6F?T6_P#OZ>B]
M1OQUIG]%O_OZF%*"'^B]1OQUIG]%O_OZ>B]1OQUIG]%O_OZF%*"'^B]1OQUI
MG]%O_OZ>B]1OQUIG]%O_`+^IA2@A"K!JZXW>RRKY>+,Y%MLOTL-PX+K2UJ\-
M;8&Y3JAC[X3V\JF]*4"E*4"H8C^5N1_0#7^LKJ9U#$?RMR/Z`:_UE=!,Z4I0
M5YJ@%OJYH0H<=`>8N&]'B**#M:3@[<X!]8\@>=<=48MVF*A(^*R[]8&$J>F1
MF)O@/*7V24I&"O:-QVYY)'LK8Z@LUUF]0-+7N-':5`M;<I#ZE/;5GQD)2-J<
M<XV\Y([UM+G,U,S=TL6^S0I=N<:!$A<PM*:<R<A2=IRG&.4\]Z!H9RPNZ4MK
MVF6_#M#C94P@E64Y)W`[B3D*R#D]P:@?6^9+GZ)U$U"=4U`MS:/2'$''CO%Q
M&&@?-*0<J]Y2/)0J1K:N>C+'8X%J8B34+G[9I<66U*\9PJ66DCSW+)`/9(Y]
MHU.ONEUIN^G+LU8X0:O$H^(VX[,>#>\N!2B4[BGGUO+N:#,NBD7OJ?`T[/;2
M_;(-F5<51G!N0\\MT-I*DGA6U(5@'L59K5VJ3J!S3.KM/61D3)5MNSD&('9'
MA[8RMJ]N\Y(*4K4E)\O5]E2"1IEZRWNTWS3T0/")`7;7X;D@A3C)4%H*5KSE
M25@_*/(4>>.>NTVK46F[-*EP8,.XWBY7-R?/85)+2$ASC:VLIY*4A`&0`<$\
M9H,3I4WIUA=UB6_3CU@O<8MMW""^^IY21@E"DK)(4@\X(QG%-;37[KKO3VAQ
M(=8M\EAV=</"64*?;1PEK<.0DJ!W8[@8J2V2U24WB?J"XM-,S9C+,<,-+WAI
MILJ(!5@;E$K42<8'`&<9.NUEI>7<;M9]36-YEF^VE2@VE\D-26EC"VED`E.1
MV4`<'R-!CZBMND+-(LBE-IL\DSFA%5"C*2'U@Y\%0;&%;@#PKYQVK[.M)SNJ
M+EIZWZ8ERG;<Y&$ASTAM`2V]G[X,GR`SM[GGMBL>^VW4.J)NF_'M3=L:M=T:
MN#ZW)27=X0E0V("1R3N[G':LO3]DND/7NJKU*8:$&Z-Q4,%+N5#P4*2=PQQG
M=QR:#HEZ_:CVSXQ?!;CFF!)+"K@AX%:4A?A^-X6.6M_&=V['.W%9LC5RC>[C
M:[;;A-7;2P)24R`ET!P)(6AO!W(`4"3D=B!G%1>-HR_,Z+E=.BVP;4MQ3;-S
M#WK(BJ=WD%O&?$`)2,>KV.>,5VZRTC=;W/?,2U1HD]AUOX*OK$GPW8S8"=R7
M$@;E`'?@<@Y_![T$D9U8N7>9T"WVT26H$UN'*4)`2ZTI6W[YX6,EL;OE9YP<
M#`S4LJL+_I2[W>_IN#=KC0+JQ/0N-?8TG8LQ0H$H=0`"LE(*0#D<CD<BISJ;
MX8-BF(L+;2[FXV4,%USPTH41@*)P>W?&.:"NY]YN$/J!:M6+D*^+LZ0Y8=GX
M">?O;W_6>2M.?YH'MJP+U>_0)UOM<6+Z5<Y^\LLES8E*$`%:UJP=J1N2.`22
MH<=\1?473VS3M$2;7!L,1FXJBA##@VI6V\`-JBX!G(4`2>YY]M=5PM&LE_%G
M4K#$%W45K9<C38:Y!2S,;<"=Y2YCU3N0%#(^O'(9<[7[L"TP)LO35Q:?D746
MI<=12DH=*MH4DG&]!_!('/NKMDZW>B(9BSK7'@7E;3CRH<VY--(2VE92D^+@
M@E9'``\CG'GAZILFJ;[;[$MYF'Z7'O4>Y/,(?^]L--'/AI64Y6H]\D`9)[#%
M9>I;5J&-JEC5&GHD.X%V&(4RWRGO!W)2LK0M"]J@""I0(QR#0==OZB0KO%L*
MK1$#DJ[M/N-,2I`8VEE02XC=A6Y>X\`=P"<@5,K9)<F6Z-+=C.17'FTK4PY\
MIHD<I/O':H/J.Q76\PH<2_:?MUYCJ:<6\AE\,KBOE0V%E9`.`G(*L@G&<>52
M;1EMN5HTO;+;=YZIT^.R$.R%**BHY..3R<#`R>^,T&\I2E`I2E`I2E`I2E`I
M2E`I2E`I2E`I2E`I2E`I2E`I2E`I2E!#>H_\3IO^GX/]I4R'85#>H_\`$Z;_
M`*?@_P!I4R'84"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*
M4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*
M4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*4"E*
M4"E*4"E*4"H8C^5N1_0#7^LKJ9U#$?RMR/Z`:_UE=!,Z4I0:6;J.WP]26S3K
MJ9'IUP0ZMDAH^'AM.Y65'CV<#/<=JYU'?V+#'9<7!GSWGE[&XT!CQG58&2K;
MD<#S/O'MJ+:L_E:Z??\`(7/^R;K;:NT@G4$IBXQ[Y=+5<XK2FXS\-_:E&2"=
MR#PL$@9![@"@WEHF(NT"-<EVZ5#6L**69K00\WSCE.3MSCV]JT6HM<6[3[ZO
M3;=<U6]IU#4FXM,@QXZE$`!1*@HCD9*00,X)SQ65H&Z7"\:3@3;LAM,_+C+Y
M;'J+6VXILK'N5LW?36JZM1;G(T?+=@>@NQX@$N7#E-J(EM-'Q"WN"AMSM]AS
MC'`)H-_=;\Q`FQ[:Q%?GW&0VIY$6-MW>&G`4LE1"4IR0.3R3@>=8L;5MNEV-
M-VA,3))+RHWH;;/]T!])(4T4D@)4"#G)``&<XYK0O1;J[JBT:^MD9#T:7:$Q
M)<-]X-+90I0=2L$C!()(4...>:Z^D@F3+;J&_.-(89O-W?EQ$#*D^'A*$K\L
MA6S.>,CGSH)-I34\+4K,PQX\N))A/F/*B2VPAUE8&<$`D$$'(()!KKU%JZUZ
M<N-LAW=#\=FXO>`S,(3X*7,9"5'.4Y]I&/?6BZ?JN,'4^K+)=FHKTSQFK@;A
M&04"0AT%*0I))VE(;V@`XP/;DG8:WM4&^3K-:;FPEZ'*,EMQ!]A95R#Y$=P?
M(B@WUXNR+6(JEQ)#XD/HCI\';ZJE'`SN4./?6Q!XSVJG85SN-DN-KZ?ZC?7(
MEL3X[MJGK!_N^,E?8G_XB!P?:.?>=A<7=4ZFF:F8L<OT.5;)@BQ'/A!3`8*6
MT+"EM!M0<2HJ/RB>!@`8)(6;Z3']*$3QF_2"CQ/"W>MMSC=CV9XKNJJ[#%=D
M=8)TJ3->4]\!Q'U!B2I3)45J!2G/=O(R![\]S4_U-<UVBR2IK+1>DA(1&9'=
MUY1"6T#YU$"@XL^H+9>)]V@07_$?M4@1Y(_FK*0KCW<D?.DCRK;53,!+NCM<
MZ?F+MLZ'`N\=-IGO2?#P]+!*VG3L6KUE**QSCO4LEOR+]K:\:=5<I<!F!;F7
M64QG2TMQQTK!<)&"0C:D!/;).<\8"=4JIKBW?GM4Z7TZ]K"<I,JU3$3),+:R
M776]J=Z1@[59)]N,<8H[\:[\J_P;-<G&IEHDIA19+MQ4R4*0TA7B.M);*7`L
MJ).>,<`#%!;-*J;5MXO%NEJGWEZ>BRK@L!-RLCQ6W;Y&"7%.MCE:%920H@@)
M`X!.:M9EUMYI#S2PMM:0I*DG(((R"*#[I2E`I2E`I2E`I2E`I2E`I2E`I2E`
MI2E`I2E`I2E`I2E`I2E`I2E!#>H_\3IO^GX/]I4R'85#>H_\3IO^GX/]I4R'
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MJ]CD``Y]E==RTS#N%W3=5S;FP[X09<;C37&FW4`D@*2#C/)Y&#[ZK3[HNKO\
MR_F;O[ZGW1=7?YE_,W?WU!8.H],LW%FR1H2%Q4VV4V\RIAXM(82C'&T?*]7*
M0#QSS[#]R-(6Z5.ER)4RYOQY:M[T%R:M491XX\//;CE/R3[*KO[HNKO\R_F;
MO[ZGW1=7?YE_,W?WU!;%VM,6[1S$FEU<-0VN1TKVH='L5CDCVC."."#73>;%
M%ND&/"$F;!1'6E;2K?(5'4C:,`>KP4X/R2,55OW1=7?YE_,W?WU/NBZN_P`R
M_F;O[Z@MBT6>':DO&.'%O/J"GY#[A<=>4!@%2CR<`8`[#R`I.M,>;<(,]UV0
MEZ&5*:#;A2G*AM.1Y\''-5/]T75W^9?S-W]]3[HNKO\`,OYF[^^H+9N=HM]T
M>@OS&`MV#($F.OLIM8!&0?802"/.M+=]"V&ZWE=X>3,8DO(2W*$66XPB6@<!
M+J4$;QCCGRX[5`/NBZN_S+^9N_OJ?=%U=_F7\S=_?4%H*TW:3?V[^AEQN<AA
M,;+;RD(6VDDI"D`[58).,CBNR\V.)>'8+LIR2DPGA(9#3Q0/$'8D#Y6,G@\<
MU5?W1=7?YE_,W?WU/NBZN_S+^9N_OJ"S]3Z<MNIH"+?=`^J,EU+H2R\IL[DG
M*3E//!YK"O>BK/>I4&=*<GM7"(V643(LM;#RFR<E"EH()!/^WVU7OW1=7?YE
M_,W?WU/NBZN_S+^9N_OJ"RDZ4LZ+M;;HRTZT_;F%1XJ6W"$-MJ^4-O8YP,D\
M\5B7?0MANMY7>'DS&)+R$MRA$EN,(EH'`2ZE!&\8XY\N.U0#[HNKO\R_F;O[
MZGW1=7?YE_,W?WU!8ERT=:KA)F.NO36V9K26945F04,OMI3M"2@=AC@XP2.,
MXJ1M-H:;0TTA*&T`)2E(P`!V`JF/NBZN_P`R_F;O[ZGW1=7?YE_,W?WU!=-*
MI;[HNKO\R_F;O[ZGW1=7?YE_,W?WU!=-*I;[HNKO\R_F;O[ZGW1=7?YE_,W?
MWU!=-*I;[HNKO\R_F;O[ZGW1=7?YE_,W?WU!=-*I;[HNKO\`,OYF[^^I]T75
MW^9?S-W]]0732J6^Z+J[_,OYF[^^I]T75W^9?S-W]]0732J6^Z+J[_,OYF[^
M^I]T75W^9?S-W]]0732J6^Z+J[_,OYF[^^I]T75W^9?S-W]]0732J6^Z+J[_
M`#+^9N_OJ?=%U=_F7\S=_?4%TTJEONBZN_S+^9N_OJ?=%U=_F7\S=_?4%TTJ
MEONBZN_S+^9N_OJ?=%U=_F7\S=_?4%TTJEONBZN_S+^9N_OJ?=%U=_F7\S=_
M?4%TTJEONBZN_P`R_F;O[ZGW1=7?YE_,W?WU!=-*I;[HNKO\R_F;O[ZGW1=7
M?YE_,W?WU!-^H_\`$Z;_`*?@_P!I4R'852;>H+_JF\6.!<G;:W'9N3$D^CQ5
?I4HH5D#*G2!GYJNP=J!2E*!2E*!2E*!2E*!2E*#_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g758270.jpg
<DESCRIPTION>G758270.JPG
<TEXT>
begin 644 g758270.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@`\1$E32S$S,3I;,#9(3U4P+C`V2$]5
M,3$Y,"Y/5510551=,3$Y,%]35%)50U1?5%)35%]&3$]7+D504__;`$,`!P4&
M!@8%!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@&1HE,B4H
M+"TO,"\=(S0X-"XW*BXO+O_```L(`4L"E0$!$0#_Q``<``$``@,!`0$`````
M````````!08"`P0'`0C_Q`!2$``!!`$"`P0%!`\$"`4$`P`!``(#!`4&$1(A
M,0<305$4(C)A<146@9$7(S,V0E)55F)R=:2TTM-S@J&S)#1#5&.2HK$E9)/!
MT0AE=K*#PO#_V@`(`0$``#\`_2*(JUGM:Z>PED4;%PV<F[V,?2C-BR\]?N;-
MR/B=A[U&?+.O<MN<3I>GB8#S;-F[6\A'GW,.^WP+PLOFSJ^V2<EK^U"QPYQ8
MNA#7`/N<\/=_BLV:#KG<W-3:HN'KO)E7LV/PCX0OK>S[$,XN#)ZA;Q.+G;9F
MQS)ZGVUA\R+D)XZ&N=4UW#V1):CL-'T21G_NL?D[M%QH!IZAQ&:&_./(TC6?
MM[I(21O\6+6==7,3N-7Z5R.)B;[5VM_IM4#S+XQQ-'ZS0K=BLIC<O39=Q=^O
M<K/Z2UY`]I]VX\5VHB(B(B*HY/7V!J77XV@;.:R;/;IXF+TA[/#UR/49_><%
MR>F=I&5.]7$X;`5W<N*_,ZW.!Y]W'LP'W<96;=):DLD_*?:%EBW?<,Q]:O5:
M/=[#G?XK8S05+A`LZ@U-9>.7')EYFG;X,+1_@D?9]B88FQU\KJ&$,&S.#,V/
M4\M@7;+6=%Y6ON[&Z_U)"_P%E\-I@^A\>Y^M8&#M*Q9!AN8+/P`;EL\3Z,Q]
MP<WC9]8"R9V@5:+V0ZLP^1TY(XAO?6V"2J7'P$\>[!_>X5<JMFO;@CLU9XYX
M)!Q,DB>'-</,$<BMJ(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B*.SN9QF`Q
MLN3RUN.M4BZO?XD]&@#FXGP`YE5!L6JM:[26);6F-//YM@B/#D+3?TW=(&GE
MZK=W>9"M.G].8/3M8UL+C8*C'<WN8W=\A\WO/K./O)*ET1$1-E3\OH3&SW'Y
M;!3RX#-'F;F/`:)3Y2Q>Q*-_,;^\+1C=5W\7D(,'K:O!2N3NX*F1@)]#N.\&
M@GG'(?Q'=?`E7=$1$10>J-38S3=:*2ZZ26S8=W=6G79WD]I_XL;!S)]_0>)"
MKC-/ZBU;]OU?;?C<8\>K@\?.6\3?*Q,W8O/FUFS?>5<L5B\;B*;*.+HUZ=5G
MLQ01AC?J'C[UVHB(BQDCCE8Z.1C7L<-G-<-P1Y$*D6]#.QLTF0T/D#@[CG<;
MZFQ?1L'QXX?P2?QF<)'O7;IW5OI>0^0,_1=B-0-:7"L]X='::.KX']'M\Q[0
M\1XJV(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(BX,YEJ."Q%O+Y*80TZL9DD
M>>?+R`\23L`/$D*JZ=PM[.Y&#5VJZY99;ZV,QC^;<>P]'.'0S.&Q+OP>@VV5
MY1$1$1$7'EL90S&.L8W)U8[5.PW@EBD&X</_`)\B.85/P5V]I3-U])YJS)9Q
MMK<8;(S.W>2!N:TI\7@>R[\(#S"OB(B*"U;J&#3F+%ET#[5R>004Z<1]>U,[
MV6-\O,GP`)4=I#3-BE/)G]0V&W]2VV;33C[G69ON((1^"P>?5QYE6Y$1$1$1
M0VI].X[4F.]"R#9&ECA)!8A=P35Y!TDC>.;7#S^@\E#:/SF1CR$^D]3/:<W4
M9WD-EK>%F0K[["5H\'#D'M\#S'(JY(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(
MB(J#DVC57:##B'^MB=.MCN6X_":V_<PL</$,:"_XEJOR(B(B(B(H75N!KZDP
M-K%3N,3W@.@G;[<$K3NR1I\"UP!^L>*Y=!YNQG=.06+[&QY2N]]2_&WHRQ$X
ML?\``$CB'N<%9$1%0=-L.I]9Y+5%CUJ&)DDQF*8>G&WE8G'O+O4!\F'S5^1$
M1$1$1%4.T7$V;>(CS6)8/EW"O],HN'5_"/MD)_1D9NTCS(/@K#@\G6S6'HY:
MF[BK7(&3Q[]>%PWV/O&^R[D1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1%0NR&=
MN3TW;U*&[.SF1LW-B.8;Q]VQOT-C"OJ+"9[F1/>V,R.:TD,!YN/ES5.QG:#B
M<BS"215[+&Y*I9MO+^$>AQP<I#)S_&]7EOS7%1[3L7?TC)J2IC+[PRY'2]#<
M&,F+Y"P,/,[`$2-()/0JPZ8U)'G7Y&M)C[6/OXZ=L%JK9+'.87-#VD.8YS2"
MT@\BNC2N=KZEP-3-U898H;/'PLEVXAPO<T[[<NK5P5=84K.B[NK6U;`J5([4
MCHCP]XX0.>UVW/;GW9VY^(6_,:HHXK3]7-3PV)!;,+*U:)H=+-)+MP1M&X&Y
MW\]N16W3F=DS!N06L-D,7;J/:V6&VQNQXAN',>PEKQ\#R/53:(J1I@>@]HFL
ML>T@0V64\DQH'(.>QT3_`*S"T_2KNB*.U#>=C,!E,DT;NJ5)9P/,M87?^RBN
MS?'C&:#T_4Y\8I1R2D]3(\<;S]+G$JS+SW(=J6%H.U6R:E=,FG71ME:`W>P7
MN#1W?/GL2-]_-;G]I&,9CLI<=C[O%1@ISLAV;QV6V0.ZX.>Q]8\)]X*E-4ZK
M&`MXFBS$V;]S)&7NHH98H^'NVASMW2.:WH?/P7WYZ8.G6JNU!=JX.Y89QMJ7
M;<7&&\1:#NUQ:0=NH)7?\YM/')SXH9N@<A`PR2UA.WO&-`W)(W\!S/N7"[7F
MBV5HK3M4XEL$I<(WFTS9Y:`7;<^>VX^M24>H,)(YK&92JYSK7H0:)!N9^'B[
MO;\;AY[>7-:\CG:]#/8;"R0RNFRO?]T]NW"SNF!QXO'F#RV2CG:]S465P3(9
M6SXZ*"621VW"X2\?"!X\N`[[^:A&:[@FR4L-7!9:SC8;OH$N3AC8Z%DP/"?5
MXN,M#N1>&[`JYH>BH_98/1<5F<,W;NL5F;=6$`[[1E_>L'T"4#Z%>$1$1$1$
M1$1$1$1$1$1$1$1$1$1$1$1$1%0.Q..2GV?T\18(]+QEBS3G&VW"]DS_`/V(
M/TJ_HB\NL]E\Q^=GH>:[D9MO<5]XB?0H))#).QO/GQN<[X<NJUS=D[0W)4H<
MW//C,@:+Y8KK>\?Q5Y!T<WA&QC`9MMX`[E7"OHG3=2*K#1H/IQUK!LL;4LRP
MATAVYOX7#C]D<G;C;DN/1."S&FH*.#?9KV,56J2%THBX'NG=.YXV]8^KPN((
MVZ[<SOL(:EHG4];361TH<WBG8>W%=C!]!D$[>_,CM^+O.'DZ3\7F!]*Z9M(:
MER.&JXW)YS&,DQTE>QCK%.C(TQ30^R9`Z0A[2-P0-NJLNF\=FJ;KMG.9EM^S
M9>TMC@A[F"NT#8-8TEQY\R22=_H4XB*E85YM=J&J)6G=E3'T:IY?ADS2$?4]
MI^E75$4)K2H_(:/SU&-I>^QC[$36CQ+HW`?]UCHBVR]HW`W(R"V;'P/Y>&\;
M=PIT]%Y1E^RF3(YB_D?EAD;+MJU/+%W!/$V2)C8FD\7X$C./W[[<E)R]G+)<
MMI*\_([,PU6&O;A;'RN]R`82>?+A?N[QZKNU]H^?4UW"W('XMYQKIB:^3IFS
M#+WC0WFP.;S&VXY]5$W>SFU?KVA-<QE:2?`RX=L=*D8H8BZ8O#V,+CL`-AMO
MUY[^"YZ?99+6SMB[\L1R5'2V;,,;HY...6:(L=_M.#A'$3N&<1&P)5=UKHG.
M4<94Q>#JS79I--QX661E-CXI2Q^XV)D:87$DN+G!S=OT@%-'2V=9K[,9K'UY
M&1U,>V2H)V@PS9)T(B,C1Q`EHC`!)VYDJVZHT]FLGE-/YG&9"C5OXH3[BS7?
M-&_O8PP\FN:>6QVYJ.@TWK.IGKV<J9O!BUD*]>*TV7'RN9O%Q[%@$H(W#_$G
MHMM+1^=QUV6MCM2BM@9<@[(/@;6_TD%SN-\+9>+81EVY]GBV)&_BKVAZ*D=F
MNTCM67F@]W:U!:=&[P<&!D1(^F,J[HB(B(B(B(B(B(B(B(B(B(B(B(B(B(B(
MB*B8ISM/=HV3Q4OJTM0M^4*9\!88T-G9\2T,?_S*]HB(B(B(BYLE>JXW'V<A
M=E;%5K1.EED=T:UHW)^H*K=F=2U\BV<]D(G17\]:?D9(W=8F.`$3#^K&U@^.
MZN2(AZ*B=G+_`)'LYC1$YX7XJ<S4@?\`:4I7%T9'GPDN8?+A'FKVB(B(B(B*
M!UIG1IW3EO)-89;0`BJ0@;F:P\\,;`/>XCZ-RONB<*[3VE<9B)'\<\$(,[]]
M^.9Q+I'?2]SBIU$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$15_66GAJ'$B"&P:
MF1K2"Q0N-&[J\[?9=[QU!'B"0M&CM3?+<=BAD(&T<_0(COT2[?@=X/:?PHW=
M6N]^W4*SHB(B(B(O.;\OV0\T,55VDTCCIM\A.#ZN0G8=Q`WSC:=B\]"0&CQ7
MHP``V'1$1%4=;82_8DIZCT\&#4&+XC$Q[N%MN%WW2N\^3M@0?!P!\U*Z7U#C
M]2XIF0H.<T[EDU>4<,M>0>U'(W\%P/A]/13*(B(B(BUV9X:L$EBQ*R*&)I>^
M21P:UC0-R23T`5!P;)M;Y^OJFW"^/3^.<XX:"0$&S(>1MN:>@VW$8//8EW+<
M+T)$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$5:U5I>/,O@R-"V_&9VH#Z+D(
M6@N:#U8]O22,^+3]&Q49C-:R4+<.&UO59A\F\\$-K?\`T*Z?^%(?9<?Q'[$;
M^*O`((W"(B(B*.S>;Q.!H/R&8R$%.JSK),[;<^0'4GW#<JFO^<&O3W9BN8#2
MKO;X_M=W(-\@!SAC/C^&X>0*O>/I5,;2@HT:\=>K`P,BBC;PM8T=``NA$1$5
M.U#I:VW)OU+I.S%0SQ:&SLE:37R#1T9,!SW'@\>L/>%LT_K6E?O#"Y>O+A<^
M!SQ]P@&3]*%_LRMZ\V\^7,!6U$1$1%":EU/A]-UV29*SM-*>&"K$TR3V'>#8
MXQZSC_AY[*LQX3,ZUGCMZOK&A@HWB2O@@\.=,0=VOM.'(^8B'(?A;D+T!K6M
M:&M```V`'@OJ(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(BYLA1I9*I+2R%2"
MU5E&SX9HP]CA[P>15-^9F6P7KZ)U!)2@;S&*R+3:J?!A)[R(?JN(]RR;JS4N
M+:YNI-$WB&[#TK"O;=B=YG@]61OPX2NFKVD:*L3"N_/UZ=CQBOAU5X/EM*&J
M>JYW"7&\53,4+#?.*RQX_P`"NCY0H?[[7_\`5;_\J,NZOTI1:XW-2XF#A&Y#
M[D8/U;[J%^R3@+/+!U\KG7[[;8RA)(WZ9'!K!_S+!UGM%S9X*N/QVF:CMQWU
MQ_IEH#P(C9M&T_%SEW8;0V)HWVY;(RV<UF1TOY)XE?'[HV[!D8_5`^)5L1$1
M$1%&9[!8C4%$T<SCX;E<G<-D'-A_&:X<VGW@@JKC3VK\`=]-:C;D:8Z8_.\4
MA:/)EAOKCR`<'+,:WR&/X6:DT9FZ)W]:>E&+U<#SXHO7V^+`NRCVB:(NN+(M
M3XZ.0=8[,O</']V3A*G8,QB;+.\KY.G*S\:.=CA]8*V/R6/8TN?>K-:!N296
M@`?6H:_KG1N/:76]48B,@[%OI;'.W\N$$G_!1OV0J%S8:>PF=S9=[+ZM%T<6
M_OEEX&[?`E:S!VAY[86+-#2U-W5E4^F6R/$<;@(V?$!RE].Z/PF!G?=KPR6<
MG*-ILC<D,]F7XR.Y@>X;#W*QHB(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B
M(BTV:M:U$8K4$4T9ZMD8'`_05!S:(T9._O)M)X.1_P",ZA$3_P#JJ#JK1FEM
M*YZ+59TQB[&`F:VMDZSJ3'MIC?9MEC=M@`3L\#P];P*]&QNF],4VQRXS!8F!
MI`<Q]>K&W<>!!`]ZF=ATV7U$1$1$1$1%RW<?0OL[N]2KV6?BS1->/J(7F>N-
M.Z9GNUM*X#2V#;G<DTOELC'1'T"L#L^<^K[7X+!XN^"LV.[-="4*D59FE,3,
M(V-9QV*K)7NV&V[G.!W)\2IZA@L)C2#CL/0J$?[O69'_`-@I+9$1$1$1$1$1
M$1$1$1$1$1$1$1$1$1$1$1$1$1$1$3=-UKGBBL0R03QMDBD:6/8\;M<TC8@C
MQ!"K>B\+DM.Q6\/)8CGPD,@.+)>XS0Q'F87[CF&'DT[D[<CMLK0B(B(B(B;H
MB;K78,K8)#`QKY@TEC7NX0YVW($['8;^.Q5<T7IZQAX;>0R\\=O/Y*3OK]EF
M_#N.38V;\Q&P<@/B?%6=$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1
M4#*U63:^@MFID(75#&\W3#*]KP&.WBB<T<#&'?URX\SRVY`B*S,.2R-V]>Q-
M+)^GV0^2M;:UT;?0W4MFQAQV`/?;'@ZAWK>]<MW&SNBM^A83+,QCFV?DFNV%
M[37LF.#NY.`\X_7$Q#G;`$N/+B&\QJ@6LGE(9JM2]8=$SN*DD43N&"VRPT/<
M3T:.$>T>1:'#?GL8F/&7Q(XV,5DG5>]C^66F%SO2W"P\[AO64<);OP[[LX1S
MVV$S/#GJVE--F-^2AMP3/)B8WO'\/<S=TV4;'EOW0._CU/BM@OZHI6*]&09&
MY)(:C^^]#!;L0\S[N:`UO,`;$@\QMYKETS-J*UEL//E)\L8VOG8XO@[N*7>%
MA'$WNF.:`X/VXAL#R#G+IOY+5$SKE&G'D(9XS;'?BGZH'I,0A+'.;PN(B<\\
MM^AWYA<4T.HV9*.6Q+DGMK7HHVV(Z[>.Q$)+&P?PM'$W8Q[[;#F"=M]U8]!6
MLS9H6#F3;?(V1O!+8A[KC!8">%I8QP&^_(@[=`YVVZM2(OAY#=>;:28V@,C;
MCJY&A+>$<$4%FO-WCI27\,LKWC9TA)YEO)H`!)Y;0]?&614@;/A<N[$\,7I=
M8PO+Y;7H\@?)P=7?;#'N\<BX!V_+B$CB(LGC<K#D<M4R/IE9KI;ULM+FOK"H
MW9@<.3SWHWX1SX@X[<]SIR6/RC[^2DAQV3,SY+!O2M:[_2:QGB=$QCOP_M0>
M`UO,>L.1=SP;C<EWT/=8O)-:V4'#_:G`5&^F%SN(?[(&(MY.V]3U?T58\G%G
M3K1\=*]D(:=@5.\+8FNB9&!8X^$EI`)<(P>9/K#W**ES&K):1CX,E!+'#$R:
M3T!PWE[Z0.#2(W'V6M]9K'@<0Y<R1W8J;4#,/J>T79-V3=!%-6AL0C=C_16<
MF`-#2>,.W:-^8Z`E:KUS562DNS8V7*4:T7I<E8&DUCI2R*#NFELC"=B\R^`)
MV/DHZ5VHZD]R6)^2K23L;PQ1528F_P"EV"XCAC?PN+3'ZW"X^L"1MS;Z-A);
M4V'HRW8Y8[3X&&5LK0'AW"-]P.0._E_@NY$1$1$1$1$1$1$1$1$1$1$1$1$1
M$1$1$1$1$1$38)L/)1>HLD[$XF6Y'$V2;BCBB83L'22/:Q@/NXG!1_ROD'VL
M]5+:='Y.$;X[$V\K',<"YSW-!;MR:>6_OW*XY<SJ*+2E/(''QRY*U88T1P57
MO#(GOY.='Q[[AFQ(+@`3U4>[6F288Y/08GT9J[>ZN/8^%AE+=RYW$2&M!#PY
MFY>.`GH0I2WJN-LXBINKV6V?1/0Y6$EK^]E,;M_U>$GE\/!9NU#=B;E9;-.*
M*.AD8:Q`>7E\+Q'Z^XZ'[9OMY#96E$1$1-AY)L/)0^1R<L68J8JM!'-+-6GL
MO#G;>JSA:![MW/;S\@5!2Y[/6=.8C)T&X^*]?X8VU)HGR!TKCT#PYNS6M:YQ
M.QY-/+P75G<]D,;GZ=00=WC'1QNGMNJ/D;QOEX`SC#@&?$AVVX)`'-<6'UC:
MDMPU<]5@Q3W/];OW%GM`!K`';$NX^(;^R0PD<G!==34MVU,^I!1BEN05;$L[
M./A:9(YC$UH)WV#BQYW._(+MP^;GNOP[9X(V#(XP7&\&_JO'!QM^&TC=O@58
M-D1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$7!FL;%EL;-0E>Z,2<)
M:]O5CVN#FN'P<T'Z$LXG'VF766*X>+T8BL^L1WC0"`.1Y<B>GFL<CAL?DB76
MXGO=LS8MF>PL+22TM+2.%PXCZPV.QVWV6J73V&EIPTGT6&M!"Z".,$@,:[;?
M;8\CZH];K[^:K.I:.#TY59>M^DP57V*L3+#&=XVF62F1LDA)W+72//$X[^T-
M_-6>_A:EV.1OW-L]F*S8V&_?&/AX0=^@]1@Y>`]ZE41$1$1<%G',FRM+)B1S
M)JS)(M@.3V/X26G^\QI^CWJ'MV,!BLUI_",J2R7W&4TX8-W>CQ\)#Y7[GDSG
MP[G?F=@N^;3F&GLQ6IJA?-&[C!=,\AQXS(.(<6S@'$D`[AOALES3F&NSFQ:I
MB24R]ZYQ>X<1V:-G;'UF[,;ZIW;ZHY+3C=.04+,%ID[WS-AFBG<X?=N\D[US
MCY'C+B/UBNNMAJU:_5M1$MCJ4_1*\(]F-A+2>?4[AC!_=]ZDT1$1$1$1$1$1
M$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1:+U2M?ISTKD#)ZT[#'+$\;M>TC8@
MCRV5)T?;LZ<R_P`Q<Q.^5H8Z7"VY3N;-9O6)Q\9(^0][=CYJ^HFX47=U#@*#
MBV]F\=6<#L1-:8P_XE1IU]H<$#YX8+G_`/<(OYENKZSTA9=P5]5865V^VS+\
M1.__`#*;KV(+,8EKS1RQGHZ-P<#](6U%$ZGSM+3F%LY:]QNCB`#(HQN^9Y.S
M8V#Q<XD`!1&A\%<J^EZASW"[4.5X7V`#NVK&/8KL_1:#S\W$GR5M1$1$1$1$
M1$1$1$6BU<J4X^\MV88&?C2O#!]94)+K?1D+N&75F#8[R=D(A_\`V6MNO=$.
MVVUA@N?3_P`0B_F4K1S>&R!X:&6HVCY06&2?]BI'=$1$1$1$1$1$1$1$6$LL
M<3#)*]K&-ZN<=@/I*A+.L-)U"1:U/AX2.HDO1-/_`.RYAK[0Y)'SPP6X_P#/
MQ?S+NIZHTU=(%+4&*L$[;"*Y&XG?IT*F`X$`@[@^*^HB(B(B(B(B*`UCIYFH
ML3Z.R<U,A7>+%&XP>M6G;[+QYCP(\02%6,;VEUW5FXVUB[MG5<#W5[>)Q\7>
M.9(WD7\1(:V,[@ASB.1\P5V"'M%S@#I[6.TO5=S[NNSTVV!Y%[MHVGX-<LQV
M;X2R"<]>S&>>>>^1OR%@^$;"U@'T*5HZ)T?0#?1-+X>(MZ.;2CXOK(W4Q\GT
M/]RK_P#I-_\`A<MS3^"O-X;N%QUEHY;356/_`.X4#8[-=$R2&:#`P49MN4F/
M>^JYOO'=EJT?-74^*`=I[6MR1K=R*N;C;<C=[N\'#(/CQ%8G6>4P9X-:Z>EH
MP`['*8\FU3_6=L.\B'ZS=O>N;3I^?6H&:LF/%I_&R/CPT)Z3RC=K[3A];6;]
M!N>6Z]$1$1$1$1$1$1$1<&:S&+P="3(9>_!3J,ZRS/X1OY#S/N'-5/YT:GSP
MVTEILPU7>SDLYQ5XG#S9"/MCP?`GA"R9H[-Y#U]2:VRMC<[FMC-J$('XOJ;R
M$?%ZZJO9OH:O(9?FU1L2NYF2XTV7'Z9"XJ>JX3#5(^[J8FC`S\6*NQH^H!;G
M8W'O:6OHUG-(V(,+2"/J4)>T'HN^'>E:5Q#W.ZO%1C7?\P`*CCV>T*8!T[FL
MY@RT>JRK>=)%O[XI>-I^H+6).T;`[=_%C]4TV]70`4KFWB>$DQO^`+=U+Z=U
MEA<[9?0ADFIY6(;RXZ]$8++!Y\#O:'O;N/>K(B(B(B(B(B(B+7/-#7A?//*R
M*)C2Y[WN#6M`ZDD]`J5)KM^5E=7T5A;&><UW"Z]Q""BP]#]N=[>WDP.^*?-W
M6>7W=G=8''Q.ZU<#`(MOC-)Q//T!JVP]FFCN-DU[&/REAO6;)V)+3G'S/>.(
M_P`%.T=-:=Q_^H8'&5>6WVFI&SE]`7;\GT/]RK_^DW_X49>TCI6^7.O:;Q-A
MSN9=+2C<3].VZA7=FFFH0788Y'!S;[]YB[TL.W]S<L(]Q:L3C>T#"[NQN<I:
M@K-Y^CY6'N)]AX":(<)/ZS/I71CM>8\W8L7J&G9T[E)#LR#(\(CF/_"F!+'_
M``W!]RN(.Z(B(B(B(BY[]VKCJ<UV]8CKU8&%\DLCN%K&CJ250V2Z@U]Z]::U
M@=*.YLE9ZEW(M\V^,,1\#[9'D"KC@L%B,!1;0P]"&I7;U;&WFX^;CU<?>22I
M-$1$1"`>H5(R>BY:%N;,Z)MLP^2>>.:J1O2NGRDC'LD_CLV/Q4GI;5$>:DL8
MZ]3DQF=I@>E8^9P+F@]'L<.4D9\'#Z=BK(B(B(B(B(B(B*I:EU3-6R#=.Z<I
MMR>HI(^\[ESN&&HP])9WCV6^31ZSO#S6&$T57BO,S>HK+LYG1S;9LL'=UO'A
M@CZ1CW\W'Q*N"(B(B*%U'IG"ZCKMARM-LCXSQ06&'@FKNZAT<@]9AW`Z%5CY
M8S6AY60:GL29/3CG!D6;+1WU4D[!MEHY%OAWK1^L!ONK_&]DC&R1N#F.`+7-
M.X(\PLD1$1$1$1$10>J-24=.UHG3,DLW;+^ZIT:X#IK4GXK![NI)Y`<RJ[5T
MGD=2R1Y'7TC)HPX20X*!^]2OY=X?]N\>9]4'?8>*O<44<,;(HHVLC8`UK6C8
M-`\`/!9HB(B+DR6.H92G)1R5."W5D&SX9XP]KOH*I#\9G]#?;\!Z5F].M^Z8
MB5_'9JM\Z[W'=[0/]FX[\O5/@KE@LQC<]C(<GBK3+-68;M>WP/BTCJ'#H0>8
M*D$1$1$1$7G-6+[(>;=?L[/TAC9RVI`1NS)6&$ATK_!T3'<FCH2"3T"]&``&
MP1$1$1$15G6.F?EJ*O?QT[:.?H$R4+P;N6.\6._&C=T<WW[]0MVC=0#46(,\
MU<U,C6D=6O4W'<UYV^TWWCH0?$$%6!$1$1$1$1$15;6V?MXR*GB<+&R;4&4D
M,5.-XW;&![<S_P!!@.Y\SL/%=NE-.U-.8XUH9)+%J9YEMW)N<MJ4^T]Y_P"P
M\!L`IQ$1$1$18311S1/AFC;)&]I:YCQN'`\B"#U"H&+[W0FH*V!ED>[3&4DX
M,9(\[^@SGGZ,2?P'<RSR.[?)>A(B(B(B(B(HK4N;IZ=PEK+WBXQ0-Y1L&[Y7
MD[-8T>+G$@`>]0>CM/6FVI-5:D:R34=U@!9[3*$/401_#\)WX1W\%<41$1$1
M$7GNI:4NC<K-K/#1..,F<'9VC$W</9_O3&CI(WJ[\9N_B-U?:T\-JO%9KRME
MAE8'QR,.X<TC<$'R(6U$1$1$5/[2KMN/!P8;&RNBR&;M,QT,C>L37[F23^[&
MUYW\]E9<70JXK&U<;1B$56K$V*)@_!:T;!=:(B(B(B(J'EV_-WM%Q67BW91U
M`/DZZ/P?2&-+J\GQ(#V?\JOB(B(B(B(B(BHFAHQF\]G-:3#B;+,['8TGHRK"
M[A<YOZ\H>3[FM5[1$1$1$1%#:LP<&H]/7L/.XL[^/:.4>U#(.;'CR+7`'Z%R
MZ"S,^=TK0O76<%]H=!<9TX9XW%D@V\/6:3\"K&B(B(B(B(J)D6C4?:34QK]W
MX[3L#;\S?!]N3<0@_J,#W_%S5>USY"TVE0LW'M+FP1/E+1U(:"=O\%1L'VDU
MK8AES6*FPU6QC?E2O9FL1RL?`"T$G@.[3Z[>1'C[E+:AUS@\%=KUK=F/9UP5
M+,G&`*KC"Z5I=OYM`V`\PH_)]HV+@>[Y.;%>A.-9D8[(LMCA>PSB'AXB#L03
M_AMU5AIZIT[=S4^#J9BI-DX.(25F2`N!;[0]Y'B!S'BH#,Z]]!M984M/9#)4
M,,>')7('QM;`>$/<&M<X.>6M()VZ*:@UAIJ<PB/,5BZ:0QL!)!+A&)2.8_$<
M'?`K0S7>D'7*E(9^D+%L1&"-SR"\2#>/;<?A`C;SW64>M])R_*'=Y^D_Y/:7
MVN&3?NVAW"7>\`\MQN-TIZWTI=MU:E7.U)9K1`A:UQ]8G?A&^VP)X20#S(YA
M618O8V1CF/:'-<-BUPW!'DJ'H"9N"LYS1MF7@AQ%ALE!TAZU)@71MW/7A<)&
M?!H5^1$1$1%2LXT6>T_2D#@2VK1OVV\^7']JC!^@/</I5U1:;DCH:D\K-N)D
M;G#?S`)7AN%[5M27J.DF30T&WKV29#D>&([,KO="(W-&_(D3CGS]DJU:=UEG
M<EF\3IV9M3Y2@N7F9=S(SLV&`@,<UN_J\?>1;'GXK@UIKK4&*U7E\7C;-7BI
M5JTM2B[&RV'WI).+>/C8[:/V0`2/'W%2UKM5Q-/,Y'$6<9<9/2KV9G%KXG!Q
M@C[Q[=@[=O+?8N`W7+)VEWH,K-);TY:K8B/`.RY;(Z/O]@_8'D\C8C;EU!//
M8+JL]JN-J061=PV0JWHK,-=M6=\#"\RQF1CN/O.!HX&DG=PVZ=5LJ=J..O&)
MU'"9:S$<:[)3/CC83!&U\C"TMXMW.XHR`&[[[[]-RIS0^KZ6KZ-BW2@?$V&0
M,=O-'*#NT.&Q8XCQV(.Q!!5G14CM<VAT8_(!P;+C[M.W&_;V2VQ'N?J)'TJ[
MA$1$1$1$1$7%F;+Z>(O6V>W#7DD;\6M)_P#90?9C4;2[/--0-;PGY.@D=SW]
M9S`YQ^DN)5I1%S9&.Y+2FCQ]F*M;<W:.:6+O6L/F6[C?X;A>7X/6VHZSR_,!
MF7=/E[.&JU,=3;"\RQ%WVPO?+L&D,/+P\RK$SM$QI%0_)]\^DR9!C6L8'NWJ
M;\>S0=R7</J@=5`Q]J<F4&$?@L09([>6BI6.\GB?LQ\3G^J6OY/]7F'=.$C;
MF%LK]LVF9J]ZR:MUL$$!L0N'=N-AHD$?(!Y,9+G-V$G#R.ZMVC-5TM64;-FI
M!+!)5G->:*1S'\+@`=P]A<UP((Y@JQHB'HJ7H-AK9K6U`#:./-&9@WWV[V"*
M1W_4XGZ5=$1$1$1$1#T5([/"VQE-;9!QXI9<[)`7;;>K%%&QH^C8_6KNN;)U
M?3L=;I<?=]_"^+CVWX>)I&^WTJD0]F&"KZ(LZ:J0UJUNUCV4[&2AK!LDI:!Z
M[AOSW<-R-_I7&[L[S+[QRS]4P'*G)19#OODT=WQ,K&`-X.\Z;$'KO]/-<KNR
M8FC+7.?)EFHFO+*:H]:1UP6G2!H=R&_JAO@/$JQ:8T?>P62W^76V,1%+9FK4
MS28)&.F?QNXIB22`2[;A#=]^>^P7)E]"9&Q9SL>*U,['XO.NX[];T1LK^(L#
M'F*0N'`7-`!W#MNH43J#LBJ9.Y>L4<Q)0;+5@AK-;%Q^C/8&,=(#Q#<NB8&>
M'B>?12EGLX@?+D?1LB(*]J?&21Q=SOW3*>VS-^+GQ!O7EM[U"5^QYL&,R>-&
M>XHIZ4M&H]U9Q?!&^0//$3(0XCA`]4,'B1NIS(=G\MO6L.I8LNVJUD\,SF05
MRR5[8V\/=N>UX:]I\W,<X#D"`O0$7YQ_^I3(6<'J'#WZ5B2&6Y4=%(6?A"-Y
M+=__`%7+]'(B(B(BI.J#Z%V@Z-R+@T0V!;QKWGP=(QLC/K,)'TJ[(L)8VRQ/
MB>-VO:6D>XJHU>SG2=66&6''O:^$5`QW?.W'HQWB\?`@;^>W-3-+3F'I:AR.
MHJU0,R>08R.Q-Q'U@P;#ET'0;[==@NBKAZ-7,7\Q#&X7+T<4<[^,D.;'Q<'+
MH-N(JN2]F^EI9YYGU[9$WI0,?IDG=M](:6S<+-]F\6YZ+MR>B<!DG-=9KS;C
M'.QC@R=[0^N?P'`'GY@]=UAD-"Z=OS69YZT[;$\D$IFBLR1R1OA86,<QS2"T
MAI(Y==^:SAT3IV%DK&59@):(Q[SZ3)Q&$/<_VN+BXN)[CQ;[\^J[-/::Q>GW
M7)*#9W6+CVOL3V)W322EK>%N[G$GD.04TBHO:V'6M.4\%%,Z*?,9.I3CD9L7
M,^VB1SA\&QN*U'4&IM*;LU92.4Q+>F:QL)XF#SG@'-OO<S=ON"NF+R5#+4HK
M^,N06ZDHW9-"\/:[Z0NM$1$1$1$1<V1K-NT+--QV;/$Z,G]8$?\`NJSV4VC:
M[/,`'CAEJU13E;OS:^$F)P/TL5O1$5?@TC@X)J\T=9X?!D)LE&>]<=IY0X/=
MUZ'C=RZ!1[>SO2S;\MX5;/>2.L.X/3)>!AG&TO`WBV9Q=?5VY\_!(NSS3<9$
MO=W7VA:AM>E27973<<32V/UR=]@USAMT.YW7R+LXTE%6NU!0F=5M1F(UWVI7
M1PM+P\B)I=M'ZP!]7;8@;*=P&#HX&I)6H^D.$DAEDDL3OFDD<0!N7O))Y`#Z
M%*(B'HJ1V<.],FU7F1L8KV;G$+@=PYD360@CXF-RNZ(B(B(B(N/*Y*AB:,U_
M)W(:E2(;OFF>&M;])_[*B=E66K7\IK&*K'89#)DVWX/2('0N?%-$W9X:X`\)
M=&\@GJO1T49J3*'":?R>8%9]DTJTD_<LZOX6D[>[HO'L]K;565Q,^-JY#$13
ME^.E-_$2R.8V.Q-P=UQ;[M>"-R0>;2=@"K7KW*YRAJ[`TZ>29!2L8S(R31@'
MBD?'&T@@[]1N"WR];??PJN/[1]3873%5F4KTKEEV(QMJO9XI"=K#^[XI]SS(
M+2X[$;D[;^*ONE<E<UOI*P,EWN.L-M/K/FQU@QEW`X>LQP)+-^A:22.85'T3
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MK7D!W$UUX`E</,1L]3XN=Y*_*F930\#;TN8TM>DT_EY#Q2OK,#J]D_\`&@/J
MNZGUAL[GU6B#6MK#3QT=>8]N)D<0R/)PN+Z$Y_7/.(G\5^WQ*O$;V2,;)&X.
M8X;M<T[@CS"R1$1$1$1%0L0\:7U[D,+,>#&Z@>[(4''HVSL!/%OYNV$@'O<K
MZB(B(B(B*K=H&<GP^#,&,V?F\B\4\;#XNF?RXOU6#=Y/@&J4TQAJ^GM/X_"U
MG%\5.%L?&>KR/:<?>3N?I4JB(B(B(BI64UJ;%Z7#:/I#.96,\,TC7\-2H?\`
MBS<QO^@W=QV\%]Q>BN_OPYK5U[Y<RT9XH6O9P5*A_P"%#TW_`$W;NY=0N?69
M^;>IL7K4<J!9\FY8[<F0.=O',?<R3D3Y/*O;2'`$'<'Q"^H0"-CT4=!A,-7K
MNK5\31B@=()G1QUV-:9`00\@#;B!`._7DM]O'T;CX9+=*O8?`28G2Q->8R1L
M2TD<MQRY+4[#XET1A=C*9C,#:Q88&D&(=(]MO9'@WHNBG4JT:T=6G6AKUXQL
MR*%@8QH\@!R"UQ8W'PN@=#1K1F`O="61-'=E_MENPY;[\]NOBM#,'A8Y)I&8
MB@V2</$KFUF`R!^W$'';GOL-]^NR0X+"000UX</0CA@E[Z*-E9@;')^.T`<G
M>\<U)(N+,9.EAL7;RF1G$-2K&997GP:/^Y\`/$JM]G./N,QMO/Y6$PY;.S^F
MSQN'.%A`;%$?U8PW?WDJXHB(B(B*A9RE>TIF[&K,+7DM8VWL[,XZ%N[R0-A9
MB'B\#VF_A`>85QQ.3H9C'P9+&6HK5.=O''+&=VN'_P#O#J%V(B(B(B*C:ESM
M_+Y.32&E)7-N\AD<DT;QXV,]0#XS$>RWPZG;96G`XBC@<14Q&-B[NI68&,!.
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MPY-'(*ZHB(B(B*`U-JK#Z<9$V],^6Y8Y5J-9AEL63Y,C',_'D!XE5[Y&U/K$
M<>IYGX7"NZ8>E-]OG;Y3S-Z`^+&>?-Q5UQF.H8JE%0QM.&I4B&S(86!K6_0%
MUK3<K5[M6:I;A9-7F88Y(WC=KVD;$$>1"H6&OSZ%O0:8SLTC\',\18?)R'<,
M\JTSO!PZ,<>3ARZA>AHB(B(B+79GAJP26+$K(H8FE[Y'N#6M:!N22>@7GU42
M]HF4K9&2-\>C:4@FJQR-+7929I]65P//N6GFT'VCS/(!>BHB(B(B(BI&1TG?
MQ60GS>B+$%*U.[CMXV<'T2Z[Q=L.<4GZ;1S\05OPVNL;9N,Q.;@FP.;=R%*_
MLT2G_A2^Q*/U3O[@KANB(B(HK/ZAPNGJGI>9R5>G$?9[QWK2'R:WJX^X`E51
M]G5>M!W5&*UIC`/]JW,T-OV6^4;.D(//UG;NZ;`*W8'"8S3^-BQN)JLKUH]S
MPC<ESCU<YQYN<?$GF5)(B(H_-X7%9V@_'YBA!<JOZQS,W`/F/$'WC8A5$XO5
MVDO7P-I^H<.WKC+\VUJ%OE#.?:`\&R>6P<K5@,Q#FJ(M1T[U1P.SX+U9T$L9
M\B'=?B"1[U*(B(B(B*%U/IO&:EI,K9"-[9(G=Y7LP/,<U:3P?&\<VG_`^.ZK
M+,YJ72/VC5527+XEGL9K'P%TD;?_`#$#>8][V;CS`5QP^7Q>:I,O8F_7NU7]
M)8)`\?`[=#[CS7>B(B+XYS6M+G$``;DGP5*OZ[@M6I<7I"C)J#),/`]\#N&I
M7/\`Q9_9&WXK>)W+HMN!TC,,G'J+5-UF5SS01"6L+:]$'JV",]/(O/K'W=%<
M41$1$1?'.#6EQZ`;E4:WF-5:CL2T-,T9</0:XLES.3KEKSY]Q`[8N_6?LWW%
M3.F=)8G3[I;,#9;63G_UG(W'][8G/Z3ST'Z(V`\E841%S9&A3R=&>AD*T5FI
M.TLEBE;Q->/(A4=M35&B.6,CL:CTXSI3<_>]3;Y1N<=IF#P:XAPY`$JRZ=U5
M@M1,?\EWV23Q<IJSP8YX3XA\;MG-^D*<1$1$57U!K;"X>U\FQOER69</4QF/
M9WTY^(')@][B`HF'369U5/'=UR88L>QP?#@*[^.($<P;#_\`:N'XH]0;>*OK
M6M:T-:`&@;`#P7U$1$1$1$1<.6Q.,S--U'*T*UVJ[F8K$8>W?SV/C[U5!HB]
MB=CI'5.0QD3?9HV_]-J@?BAKSQL'ZKPLOE/M%QPVN::Q69;O]TQEXUW[?V<P
MV_ZUD[7<M?9M_16JZ[@-W<%`6&CZ8G.W7RSVD8*H(S;H:@@$L@BC,N%LMXWG
M?9HW9S)V/+W+Z_M!I$-]%TYJJT7#<"/#3-_Q>&C_`!7QVJ-5VSMBM`7FL/(2
MY.Y#6:/>6M+W?X+#Y*[0<L`W*ZCQ^&@)]:+#5C)*1Y=]-N!\0Q2>"T3I_#6_
ME&.J^WE2/6R-^0V+#O[[]RWX-V'N5F1$1$5/SFJO0M7X?!Q211QRS!EETK3Q
M.XXY"QK/#JT$GPW`\3MP:AU/E<;D[\\,M5].I+Z,*KF\Y'&JZ</+NHV(`V'+
MA#CUZ<-G4FH8!;H?*=%UBE%+;=:,(`E:R"*41%N^P&\AW(Y\('CS4OJ?4.2J
MFO)1E@K,BQ[LC*V9O$90US!W7AL-GGF.>_#[]XPZGSCK#(FVZK1DYG1P#NP3
M2#;8@W_3):=^?X8\N2E6:DRC,#A[HBJ699KSZEE_$6-+&&4%[0-^9[K?;IS6
M=+69F@ADLXSN'RFKM'Z0'$"<%S=SL!N`WF.GO\5JPNKLAE<QCZ?R7%5CE[[T
MEDDKN]BX8V/9ZI8T\^,@[C;ENTN'-=&1UAZ)7EDBQQFE;Z4&1]\&\9AG9#UV
MY<1D!W\-O%<'SORC\E%"RA"PMM,JVH73@M8..<.>Q_""XD1#;BV'/PZJ?TKG
MGYVM.^:EZ'/"]K70.>2YH+0X<0<UI!Y^6QVW!<.:GD1%4LOH+`W[C\E3;9P^
M5?[5_%3&O*_]<#U7_P!X%<3:7:1B=FU,OA\_7!WX<A"ZI/MY=Y%NPGWE@6QN
MK=1U=_E;L^R[`/P\?8@MM/T!S7?]*SBU_1<#WVGM50/&WJOPD[C];6D?XK5%
MVDX*:6S#7Q^H9IZQX9HH\+9+HW$;@.'!R)!!Y^:R&N+ED%N.T+JBQ)^#WU:.
MJT\O.5XV^I8^F]I.2+?1L-@\'&>3G7K3[D@^#(PUO_4L6:`^42)-8:AR.H#U
M-5[A6J;^'VF/8._O%RN5&E4Q]6.I1JPUJT0V9%"P,8T>0`Y!="(HK4MAU3#6
M;;;TE,0-[QTD<;9'$#\$!W(D]![RH+)V-4U,!AX&RB?,33`6W0-A:X-X'O<&
M"1P:2-FC?XG8>$)8UGDXZDF9JV:\U)H,$5>:+@>\^A>DB5Q!Y'?D6CEP\QYJ
M9DSF4H8+/B:W6M7<;89!'9+.!KN-D3@YS0=O5[WGMU`'FHB74^<@FGKF]4><
M4]_?R&,`W`)VQANW1AX7'?;\+;PY&7TMG<I?R,D5J6M,VS5?;@B8.$P<,SHP
MPGGN"`.9&^X=X;`:L%K*]<K4G7L5%&^44V2R16-V]Y.T.'"TMWV`//<^(`WY
MD:[FN[`@XZ>*9M)7E?%--,1&9&B7A9N&D'[D.1<'>L-@[F5,7-2.H8VO9M56
MF5^+FOR-9)ZK3$QCG-!(\>/K[E&VM7W/3GTACNXB=<-:"PV<.<]S)8F.W86^
MJ#WAY[D\CRZ)@M8WK<N(KY'&10.NL!?.R8]VUYX^%K26[$[,&X+@[UN0<-RK
MNB(BK^H=(:>U#)'/DL<QUR+[E<A<8K$1\.&5A#A\-]E#C`:VP^_R'JR/)0`;
M-K9ZOWCA\)XN%W_,'+(:BUG2<&Y/0DEAC?:FQ.0BF!^#).[<LF:^KAY9:TOJ
MNL>?MX>20'Z8^(+Z[M"P[9!&[%ZC$CNC#@[6Y_Z%C\_1*\LIZ/U99/,!WR88
M6D_&5S5B<SK^^"W'Z/I8P'V9LMD0X@?V<(=]7$%\.DL_ER3JC5]M\#N9HX=G
MH4.WBTO!=*X?W@K'@=/X73U4U<+C*U*(\W")FQ>?-SNKC[R25*HB(B(B(B(B
M(B;#R5-[0O\`6-(?_D%?_+E5Q'0+ZB(B(B(M<L$,QC=+&U[HW<;"X;ECMB-Q
MY'8D?25'U<!AJKJTD.-K":M`*T4IC!>V,#8-XCSVVW^LK$:<T^*D=(83'^BQ
M2=ZR'T=G`U_3B`VVWV\5"Y1^FJEF=DF%.1M06A.6L@;(YDTC2\N!>0&D-CXB
M=Q^#U)`7&<QHZ5^7+<+%)6?79:OV/1XN&5KF-E:7-)[QQV<WGPD;GKNI"+)Z
M;O8ES&X[BJ8V/TA]?N`/1C&YS>'AWY.!8_D/`>((WPR5G1\%@W;.-K2RTG5Z
MK)FU`\L<\?:V-('+9KP?``/Z\U(XC&Z?BL/@Q^,KUIL;/L`R(-+'.C`XAMX%
MA`^`V\%UMP.$;:GN#$TA9L;][+W#>*3<AQW.W/FUI^(!\%G-AL3.7&7'57%T
MC97$Q#<O!+@3YG=SC])\ULQF+QV*A,&-I058B=RV%@:"=MO#W`#Z%V(B(B(J
M?I'[[-<_M*#^#A5PV'DB(B(M5FO!:B,-F%DT1(<6/:'#<$$'8^1`/T+AN8+$
M7I9Y+V/KVC.(Q()XP\'@XN'D?+C=]:S^1L1Z4;GR93]),7<][W+>+N]MN'?;
MIMRV\E&W,;IO%1THWXVM%"]TE6*&.)H8>]&\@+>FW"PD[^#2H/Y9TFRAC;#=
M-D1Q6`S'L=6ACV+F&3CC<]P:T$,W.Y#@=MP"0I"AF]-5,M>K4Z'HU^69K9>[
MKM:ZQ+Q`.'$/:+7/Y_$GF-RMSF:7BA?AG8NOW9MQ536[AI#W\/>,.WD&[N!\
M.$^6RY\:-'6?1+-/$5F,=-)CH7^BB,-+`_=FQ`(&W&!R\3YJ<M8#"7*E:G<Q
M5.Q7JMX((YH@]L;=MM@#X;`!=+L;CW.:]U&N7-D,H)C&X>2"7?'=H._F`N6M
MI[!U;4=NOBJD=B/?@D;$.)NY<>1_O.^LJ51$1$1-D38>2(B(B(B(B(B(B(B*
MMZOQ=S)S:>=3C#Q2R\-J;=P'#&UCP3SZ\W#DK(.B(B(B(B(B*HWM.7[5[,B.
MU7CJWY8YG-GKML1S#N>Z?%)&2-QZC7#8CF?'F#C1T7#6OTYI;45BO5:-FR5&
M":4]QW.SY1S<WA_!(WZ<]@`N2SHRU7+[6-R&SVPR@5&,[N)SW->UK0`[A:P!
MS`06N.T;=B#OOVT]+RQ4\KBGS[5K$M::*<<W;QQQ,+2/_P"`'^][EV1OK8C+
M97*9>]5IQWI8HJXFF:P.#&;#F2/6+G.Y>0"L0(/,(B(B(B(J?I'[[-<_M*#^
M#A5P1$1$1%JLV*]2"2Q:GCA@C'$^21P:UH\R3R`4)EZD>;&&R%":*S!!9,A=
M'+NV2)\3XG%I'(D!^X^!\U`U>S]M6CZ-#=I<0#6-#\9&Z+@;$Z,$LW^Z$.YO
M!&^P!&W)=^0T5!/!#'4M^C20UHH6RB+UY2S9N\KFEKG[L'!R((#G;'FM%;36
M1KY.I?=.;#ZMN`!TK_7FB96?"Z1Q_&)E<[X#WJ0GP$P=5ABDXHCEG9&9Y`!8
M/6<&@>/K<(^&ZLPZ(B(B(B(B(B(B(B(B(B(B(B(A7DN;[S("6*Q\HFX[)76B
M:(3NAI<#V-CD(B!+I`P-+&G8>L\GWWW3,TDC\S&7N?##D960N/EPM<X?0]SQ
M]&W@IU$1$1$1$1$1%S9&A1R=.2ED:D%JK*-GPSQA[7#W@JE?-K4.E?MNB[PM
MXYO,X/)RDL`\H)CNZ/W-=Q-^"EM/ZSQ>6N'%6(Y\5FV#=^-OM$<WQ9X2-_2:
M3]"M"(B(B(J?I'[[-<_M*#^#A5P1$1$15+.ZTJU,@["82G+G,^!SI57`-@]\
MTA]6(?'GY`KBJZ,MYJS%DM=W8\G*QW'#BX`6T*Y\/4/.9P_&?]`"O+&M8QK&
M-#6M&P`&P`7U$1$1$1$1$1$1$1$1$1$1$1$1$15[4F4?A)\/Z+7A<<GE(JDQ
M<"#LYCO6Y=7>H!S\%/0QQQ,X(HVL;N7;-&PW)W)^DDE9HB(B(B(B(B(B*(U#
MIW#:CJ"IF*$=EC#Q1N.[7Q._&8\;.8?>"%6.ZUGI$[P.FU7@V]8Y"&Y&!OZ+
MN39P.?(\+O>59-.:GPNHX'RXNX'R1'AGKR-,<T#OQ7QNV<T_$?!32(B(BI^D
M?OLUS^TH/X.%7!$1$4/J/4>'TW3;;R]UD#7NX(HP"Z29_@UC!S>[W`*KF#5V
MLN=IUC2V`=_L(W#Y0M-_3<.4`/DW=_O"MV"P>)P%!M##T8:E9IWX8QS<?%SB
M>;G>\DE22(B(B(B(B(B(B(B(B(B(B(B(B(B(J;VA?ZQI#_\`(*_^7*KD.@1$
M1$1$1$1$1$1$5;U)H[$9V>.^X34<O"-H<E2?W5B/W<0]IOZ+@1[E"C.:HTF!
M'JJF<OBF\OEG&PGO(QYSUQN1X[NCW'N"N.)RF.S%&+(8N[!<J2C=DL+PYI]V
MX\?=U"[41$5/TC]]FN?VE!_!PJX(B+">:*")\T\C(XF-+GO>X!K0.I)/0*BS
M:MRNI)'4]!U(YJX);)G+C2*D?/8]TWDZ=PY]-F[]25*Z=T;C\3<.6NSSY;.O
M;M)D[I#I`/Q8Q[,3>9]5H'OW5H1$1$1$1$1$1$1$1$1$1$1$1$4#J74D6"FQ
M]88V]D;=^1[(*]-K"X\#"]Q)>YH``'FHWYWY/\P-3?55_KI\[\G^8&IOJJ_U
MT^=^3_,#4WU5?ZZ?._)_F!J;ZJO]=/G?D_S`U-]57^NGSOR?Y@:F^JK_`%U`
MZHRV<R\N"?7T+J)@H92*Y+WGHPXF-:\$-VFZ^L/+QYJ>&K\GM]X&IOJJ_P!=
M/G?D_P`P-3?55_KI\[\G^8&IOJJ_UT^=^3_,#4WU5?ZZ?._)_F!J;ZJO]=/G
M?D_S`U-]57^NGSOR?Y@ZF^JK_74UIG-P:AP\64KUK%9CY)8S#8#1(QT<CF.!
MX21[33T)4LB(B(B(B(B*EPZYEM]\_&Z/U!>K1SRP"Q"VN&2.C>6.(XI0=N)I
M',!5+*UK1OR9C36C]5Z?S$AWDFK1U'063_QH3/PO^(V=[U/X+6&KS1:-0=GF
M79=:=BZC)`^.0?C;/E!;\.?Q4E\[\G^8&IOJJ_UT^=^3_,#4WU5?ZZ?._)_F
M!J;ZJO\`73YWY/\`,#4WU5?ZZ@L'E\YC\WJ3(3:$U$Z+)VXIX6L]&):UL$<9
MXOMW([L/3?ELIWYWY/\`,#4WU5?ZZ?._)_F!J;ZJO]=/G?D_S`U-]57^NL)]
M89D0R&OV>ZC?,&G@;(ZJQKCX`N[X[#W[%4EK=1Y^P+>N](:AO0M?Q18:F*[:
M4>QY%^\P=.[E^%LW]%7>+5>0BC9%%V>ZD9&P!K6M;5`:!T`'?<@OAUQ)#:HP
M9'26>H1W+4=5D]AM?@;(\[-WX92=M_(*YHB(B(B(B(B(B(B(B(B(B(B(B*F:
MI^_O0_\`;7/X9RN>P\DV'DFP\DV'DFP\DV'DFP\DV'DFP\DV'DFP\DV'DFP\
ME\('DJAV7_>F?VED/XR97!$1$1$1$1$*I_9?]ZA_:60_C)E<-AY)L/)-AY)L
M/)-AY)L/)-AY)L/)-AY)L/)-AY)L/)-AY*F=H_W'3?[?H_YBN8Z!$1$1$1$1
M$1$1$1$1$1$1$1$14S5/W]Z'_MKG\,Y7-$1$1$1$1"J?V7_>F?VED/XR97!$
M1$1$1$1$*I_9?]Z9_:60_C)E<$1$1$1$1%3>T?[CIO\`;]'_`#%<AT"(B(B(
MB(B(B(B(B(B(B(B(B(BIFJ?O[T/_`&US^&<KFB(B(B(B(A5/[+_O3/[2R'\9
M,K@B(B(B(B;HB%4_LO\`O3/[2R'\9,K@B(B(B(B(J;VC_<=-_M^C_F*Y#H$1
M$1$1$1$1$1$1$1$1$1$1$1%3-4_?WH?^VN?PSE<T15'565N4-7:,IPVC#4O6
M[$5EG+:0"N]S`2?T@-ME3\?KO4$;Q2K5JV4LW<OEH8'V;!A9'#7/$T;M8[<<
M/(<OI7#E>TW-YC"NL8.C!CXXSC#8GDM`S,=9>QW"R/@(>WA):22#S)`Y%=S^
MUJX'9:9NG2:5:&Z^M+WCP7.K$@B3=@:.+8[<#G;<@>JV7M<:@Q&H76<K7KLI
M,Q=*S:J13E[*[9;;XW2A_`"XM9P$C8#D?BN>UVCVXW2Y]M.0UF86Y>KU?2=H
MIHX[;(HWN'!N'.:>($'8`[;'?<2I[0<VS(28*7`T69L9%M-K3?=Z-PFOZ1Q&
M3N]P>'EMP\RK9H/4#]4Z3QV?DJMJOMM<XPMDXPW9[F\G;#?V5840JG]E_P!Z
M9_:60_C)E<#T7FMK.9FCFK,<MB:2A<SD-6NYK?\`5W!T7%$3^(]A<0?!P(_"
M"T8+6V:S-W%M+J56"6W")^37':2*9W<<I#LX&-OK$-))YM'0]6H-<9'&93*5
MJXQLYJS/A93];O\`85>^$SN?L<7JG9OCUWY+3G-6YZ#Y5QS+&,CNPQ3Q!D<;
M^^C+:QE%CA+ON>_JCW['B)]5:_G%F<38EA%ZM)''%+&R.V_<OE;8CBX^-[Q^
M"X[-+@"3S<-]U,7M36_FSB,U"V-\TK+$KFMXV1N='7F=L1U+2Y@Y;D>()Y$Q
M61U;J3&VK!M/QTAIU[#G0Q1.8)W".L]I!<\D<(F=OSYAI/+P1ZYSKL?=N-IT
MI(Z5:65TC>??[2]VUS>&1S6M',N]8^P1OL=QE4UUE)I<?"YN/:);#H'2`AYF
M'>B-KFL9*2!N2#PF3FW8\(]92E',Y.?36D)I[D4EG)6(F6;$+0T'9CY'`#<[
M$F/@Y>9Z*HX/45^W6BARFI'5Z<TD#K-R*VQYA+HIW$%_"!`XO9&.[Y\/0$\2
MD#FM2TH*F2RN3/HUVI#,^*,-8^)OVH$[.#1$2\EO$Y^WVS?U0Q>EXJ]#D\;5
MR$#9&Q6(VR-$C=G`$;\PNLJG]E_WIG]I9#^,F5P1?"0T;D@#WKX7M'(N`^E?
M=QOMN-_).(;[;\_)8LDCD:',>UP/0M.^Z^A["=@X;_%9(B(J;VC_`''3?[?H
M_P"8KD.@1$1$1$1$1$1$1$1$1$1$1$1$5,U3]_>A_P"VN?PSE<T10&M!IEN!
MEGU;!5EQ4+V.?Z3#WK6N)#6D``G?=VW+S7%IA^BLS6A=I^O1?%BG/ACC97,3
MJI>WU@&.`+>(>[FNJ71FDII*LDNG,:^2K&R*![JS28V-.[6@[<@/#R6UVD],
M.M7[9P./](OL<RU+Z.WBG:[V@X[<]_'S\5IU/I>AF\7D*C"VE/=J"E+;CA:Z
M05]]RP<0VVV+MO+?<<UPXROHG+04L=3J5KT#L2(X'FNYS'T^,-X.,C8CB8#P
M[[\M]EOU3HW'YVO(U@KUII;#+$SGTXIVV',9P-[QKP=]F]"""-AX<E)Z4P-7
M3.GJ."I2225ZC"UKY-N)VY+B3L`.I/(*71"O+-"SZT9@YFXC%X.>B,E?[N2U
M?ECD/^ER[[M;$X#GOXGDKS@9=32/G^7Z.+K,`'=&E;DF+CSWXN*-NWATW4;E
M=:XJK!9]#9+<M1R-CCB$,C6RN,K8B6OX"'-:]P#BW?;ZE(Y+.X7'Y*'&7'/%
MA_=R#:L][&<;^!CG/#2UF[AL"2.:BZ.I].B_''0BLR3Y2VW=S8'[.XXW<,O,
M?<W"#8$<N7Q7=>U9@*-RW7N67Q/J\39I'5Y.[:YL?>EG'P\)=P>MP@[[+5+J
MO31D>VS*Z/NV.XWV*DC6MV9WCF%SF[<7``XLZ[;<E]^>&!:V)LDEB%SB0^.:
MK(QT`W:WBD:0"QN[VC<\N?QV^.U=IQTKFNG<Z5C^"("N]SIB7%F\0`)>-VN!
M+=^A\.::?U;B<RVK%7;(R6PPN:P0O+6MW=PASN'9I+6$AIV*YX]88=EZ]!>A
M=5%*::*)[X7DN9$UAED]C9K`7M&^_/EY@+Y>U/I3T*,VQ.V**5TAC]!F#Z[H
MBQY<Y@9Q,VXV.W(')WCNNUVI\5\CG)QU[;X?3&5)(?1'ME9(Z1K/681N-BX'
MITV\PN>IK'#V*TTLS)HYV.[LP=R]SI"97QM#/5]?=S#TWV\5NMY/-WJE*[I*
MMB;U.9A<Y]RU)`1SV``;&[W@@[$$+C]*[1MQOA=,[;_E2?\`H+7V3F8Z,C-A
MK&SF_>[QL;BYH=Z7+N`2`2-]^>P5T1><]M^+GS6D:N+KMD+[64JQ$Q@DM!?M
MQ<N@&^^Z\VQ.'RVL\IJ&]<JVJUK+X#BK]XQS>[GKRQMC^![R(N^!7IG97Z7E
MX\QK/(TI:ES,S,8R&9I:Z.&%@8T;'IN_O'?2%Y_A*<1;@(H\;DV=HT668_)6
MG02AW=]Z>^=)*1P.A,?(#<CFW8;J<[*8[KM2XJQ9INKM.GIFD-K]TQKO3WD#
MA``!VV/^*T9[3M'!:AUCE<%@J]>WC\'#:Q\D54.[NSQ3;N8"""X[-W^A;=2Z
MEU=IYM_'.R=^W=DQE.:C/\G`A\SISW_L,X1LPM&SN@`\>9CM39W5]_)ZLP0M
M7IZDE3(LABJ5.'N6LCWC#PZ(.;OMPAX>\/XN0'(CU[1<@ETEAGBS+9WIQ;RR
MMX7N/"-]QL-CX=/!3B*F]H_W'3?[?H_YBN0Z!$1$1$1$1$1$1$1$1$1$1$1$
M14S5/W]Z'_MKG\,Y7-$53[3,-?U!H^UBL8";4L]9S2'AI:&3L>YP+N6X#21\
M%7,]V<]^Z@UEB[E3:S4-K+3W+#6OD@9#(P-]0,'".(#A`Y[G?=5B[I'4N..4
MOV*O=OJPY&:UF&WR\Y"!T,@BA[G\'AW9R/)O=\M]U'8O1>K,AI0V,91-&I:K
M8U\E$W^\^4BS=TLA).S>)KF#A<1OP[%6?2O9_D6Y+"NU!4=+0IT;0;%+:#^Y
ME?.'1L(:>8#.+S`WVW.P5?I]GFLX-,QXVK3;2EBPS:DD;;;0VQ*VX)'C=IY=
MY&-MSMY'9,AV?:NDT]5JPTK#G,FMR0U'W87QU@\-#&N8=@!N'$.C>7,W.V^_
M+W;&,LQXZI'<X/26PL;+W;B6\8:.+8NYD;[]>:ZD0JG]E_WIG]I9#^,F5P59
MCT=C63ND-FZ]@>7PPOE!97WF;,X,&V^Q>QO4G8#8;!2-_"4[UB6Q.9>*5L#'
M!KMAM%*9&^'XQ._N4%B=&83%6X8Z-R5EF"2.PUGVKB#&A[`T@,!+2'N!<=W$
M_A;A8W])4;F0OS9C)3B"[<,E>JV4-8'FN(@0"W?CV#]@#MX[$A=.3TGA<A>L
M1W+=HMN]Y.:(G`C+S&(G2M&W%N&N'CL"=]MSNL;6A\;=LU[5^]?MV(CZTMAT
M;S(.)KN$[LV8-V_@</4^:UU]`86K.;%:6S%.V9LT$C!&'0.#G.]4\'K;\9!X
M^([;#?DM^*T5C<9=HVXK=V1U)G#$)7,)YAV^[PT.V/$26[\._/;===G2V+LN
MN&;OSZ6R=D@$FVPE[OB((Y@CNF['PYKDFTQB(*UI^0R-J1]B*=D]FS,T.>U[
M&!Y.P`&S(6[;```$[=2I";!U+%*U#%8FC%NTRZ96%I(D:YC@6[@C;>-O([^*
MC;.C\'<8^F9I>\B#';<3'F/[:^5I+7-(.Y<X>L""/ANI_#XZMB,96QM0.[F!
MG"TNVW/B2=@!N22>07:53^R_[TS^TLA_&3*X(B;(FR(FR;(B*F]H_P!QTW^W
MZ/\`F*Y#H$1$1$1$1$1$1$1$1$1$1$1$1%3-4_?WH?\`MKG\,Y7-$1$//D4`
MV&P1$1$0JG]E_P!Z9_:60_C)E<%%:EAOS8B1N-:76F2PR-8).[+PV5KG-XO#
M=H(Y\N?-5"33NH+SQ>L/FKVHW/DKL;><1$YUQT@W#3PNVBX1SW'5O10_S3U0
MTF7N'OD$-:.WWEWO?3G,?*9'`.<.%KBYCN$EN^VVW+G*T]*Y9E6&3+W9I962
MP&65]MQ[N%M;A>6^`<'$^L!N=MURXC#:ES&#J6[UF<278AW[18?$0P35PW;F
M""Z*)[CT.\A'BN/(4<KC<[4QS7W)7NN0&D&7)?M%?TQSI`1T?O'MON3P@`';
MEO)9W&9_):JRKL6VQ&6/@[NT;CF1QL[EW&P1]#Q;@;@=3N=N$+5?T]GZ!?+7
M?9='#7#VVOE"1Q8P0.$D9C/MN=(2[BY^T#N"T!1_S;U;/BXS7CFBK/##Z%)>
M,C^\]'+3-QN(V]<M.V^X(XMM^2E;^D,R^M'.9)[>4%JRX3FV1P-=6DCC<`2`
M!Q.:2`-^9.RUVM.ZJ?DLM-WEAT,W>@&&RUCIHW/86,&Y_`:'#8\(]H<7KDB;
MTC2RE;*1-NQ.C=!CA%,>\<]KG&9[HQNXNW+6;[CB.W$!N1LKHA5/[+_O3/[2
MR'\9,K@B(B(B(B(J;VC_`''3?[?H_P"8KD.@1$1$1$1$1$1$1$1$1$1$1$1$
M5,U3]_>A_P"VN?PSE<T1$1$1$1$*I_9?]Z9_:60_C)E<$1$1$1$1$0JG]E_W
MIG]I9#^,F5P1$1$1$1$5-[1_N.F_V_1_S%<AT"(B(B(B(B(B(B(B(B(B(B(B
M(BIFJ?O[T/\`VUS^&<KFB(B(B(B(A5/[+_O3/[2R'\9,K@B(B(B(B(B%4_LO
M^],_M+(?QDRN"(B(B(B(BIO:/]QTW^WZ/^8KD.@1$1$1$1$1$1$1$1$1$1$1
M$1$7D';OELA@[&E,EB['<6X[5@-DX&OV!A(/)P(Z+S?[*6N_R[^Z0?R)]E+7
M?Y=_=(/Y$^REKO\`+O[I!_(GV4M=_EW]T@_D3[*6N_R[^Z0?R)]E+7?Y=_=(
M/Y$^REKO\N_ND'\B?92UW^7?W2#^1/LI:[_+O[I!_(GV4M=_EW]T@_D3[*6N
M_P`N_ND'\B?92UW^7?W2#^1/LI:[_+O[I!_(OH[4M=[C_P`<_=(?Y%[1V)3R
MVNSC'6IW\<TT]N21VP&[C9D).PY=2K\B(B(B(B(B%?E2/7NK,)9R6,QF5[BG
M#D;G!'Z/$[;>Q(3S<TGJ3XK9]E+7?Y=_=(/Y$^REKO\`+O[I!_(GV4M=_EW]
MT@_D3[*6N_R[^Z0?R)]E+7?Y=_=(/Y$^REKO\N_ND'\B?92UW^7?W2#^1/LI
M:[_+O[I!_(GV4M=_EW]T@_D3[*6N_P`N_ND'\B?92UW^7?W2#^1/LI:[_+O[
MI!_(GV4M=_EW]T@_D6W&ZWU1G]3Z8Q^6R?I%4YBJ\L[B-G,.W!W:T%?J(=`B
/(B(B(B(B(B(B(B(B(O_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g709503.jpg
<DESCRIPTION>G709503.JPG
<TEXT>
begin 644 g709503.jpg
M_]C_X``02D9)1@`!`0$!L`&P``#__@`X1$E32S$S,3I;,#9(3U4P+C`V2$]5
M,3$Y,"Y/5510551=,3$Y,%]04D]$54-47TQ)3D4N15!3_]L`0P`'!08&!@4'
M!@8&"`@'"0L2#`L*"@L7$!$-$AL7'!P:%QH9'2$J)!T?*"`9&B4R)2@L+2\P
M+QTC-#@T+C<J+B\N_]L`0P$("`@+"@L6#`P6+AX:'BXN+BXN+BXN+BXN+BXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN_\``$0@!W@*L
M`P$B``(1`0,1`?_$`!P``0`"`P$!`0`````````````#!`$%!@<""/_$`%X0
M``$#`P$#!`H*#0D%"`(#``$``@,$!1$&$B$Q$T%1<0<4%B(T4F&2LM$5(R0R
M4U1S@9&Q,S9"8G)T@I.4H:*STA<U0U568X/!PB8W9)7A)41%1G6$H^)E\`BD
MT__$`!H!`0`"`P$````````````````!!`,%!@+_Q``R$0$``0("!P<$`P`#
M`0```````0(#!!$%%"$Q,E*1$C-!48&Q\`83-'$B0F&AP>'1_]H`#`,!``(1
M`Q$`/P#W%$18F41$0$1$!$1`1$0$1$!%D<0O!:*X7&[ZGU)35W9(JK#%1UCV
M4['S`![=MXPT%PQLX'TH/>47!Z:J:73]HNUYN6O)-04$6QMRN(>*<C/>MPXY
M+MIN[J5B@[(EDJ;I16VIH[M;IJYP;2/KZ,Q,G)X8.?*/I"#M$7E-#V1*F;LG
MU%FFCJ_8ION6"".D[_E2Y@Y20\=G.UOX8(.-ZGTGJRWVO3VH+O6WV\WBFHZU
ML;^VJ<"2(NW!C!MG+?G"#T]%P)[*NE&3Q-G]D8*>:,OAJI*1PCEQXO.[?NR!
MC*VVFM;6;4-;6T%.RLI*RC9RDT-=!R+@SQMYX;QG.",A!U"+SQW99TPUS933
MW;V.?+R3+CVF>UWNZ`[.3]"U^L]?U=HU[:;5!%7&VQ.)K(X:3;?59:2WDSQ<
MW>,XQO!3(>IHN,OG9"LMHN,EM-)<ZVJ@B$U2VDIML4["`<O.1C`(ST95NOUS
MIRBTQ!J9]8Z2WU!V8>39F21^_+`T\",'.>&$'4(O';AK6:\:_P!&TUO-WML;
MY=FKHJJ-T)>''+26\'-(!P5[$."`B\'UKJW4,>L[C=;353FS6">"":*.4B.0
MDD.#F\'9<'C?PP%ZWJ/4]NL%A9?:ED\U'(Z,,Y``N(>,M.\@8QY4&]1<11=D
M>QU5VHK>ZCN=-'7D"CJZFFY.*H).!LY.<9P,XQO'2OJY=D.U4-[N%BCMMUK+
MG1X]HI*<2&7O0XD8.X`$9)P@[5%Q;.R)8Y-(3ZJCAK'TM/,V":#8`E8\D#&"
M<<X.<J[?-96RRVFT72K@JG071\;(1&UI<TO:'#:R0.!YLH.G1<?J#7=OM%ZF
ML=-;+G=KE!'RL\-#"'<DS&<DD]!'#I"YK7VK8KQV+);_`*?K*NF]U1QDM<8I
M6.![YI(/E'`X*#U59P>@_0J]O<7T-(]QR70QDDG.<M'/SKQ*R4U3J+56JX+A
MK.YVJ&AK'"!K*W8!S(\8`<X#`#1PZ4'NB+R+0^K:NV-UA!<[I-?;78P)8:QN
M'/D:7$8#B=^>(R>8X.%TMD[(]GN_;4[*"XTMOIJ1U3)75$0;$`T@.:,$Y<"0
M-V<E,AW"+SZ'LHVHNIZBLLUXH;15/V(+G40`0O/S'(&X[]_`K;:EUK06.YTU
MGBH*ZZ72I9RC*6A8'.V-^"23SX/S;T'68/'!6%X_H[59GUCKNZO?<'V^EI.V
M64DQ+71[)[YH8XX:[<0NQEUU;X]#1ZQ-!5FD>X-%/EO*;WEG3CB,\4'7HN0O
M.NK=;([0R.AKJZX76%L]-04K`Z4L(SD\P_7P/,%JZSLB15&E[[5VZW7"GN]M
M')S4DT(,E,]P.)'#@6`C?T="#T,`G@">I%X@_5<MR[&-)4W\ZAIY8ZN,.KZ5
MS(W53G&4]XXD`L`&"/(%Z-J765!8:RCM;:.MN5VJV!T%%2,!>X;]Y)W#@?H*
M#J47)Z?UO;;RVY1=J5E%<;;$Z6JH:E@;(T-SG!X'ACFXA:!O9:M\EI9>(=.7
MJ6WM>&5,[6,V*=Q.X$YPXD8.!PR-^4'I:*O05E/<*&GKZ23E*:HC;+&_&,M<
M,A<G=]>04MZJ;+:;)<KW64;=NK%$T;,`Z"3Q/D'/NXH.T62".((ZPO,=6ZZC
MK^QM57G3K*W:G)II)&#9?0NW;1DW[MQP"/&"V/8CA8S3/+"BNM/),6.D=<)2
M_ESL#VR//!ASN0=Z&N.\-<>H(01N((/E7B%YIJ>[]EJ]VV[:AK+901P,E88Z
MSD6[09&`.^.-^T>"NZ(NE1:=;WFQTE^J+[8J:A?5\K))RA8]H!PU^2.<M.#@
MG'."@]A1<#I?LD4NI*REBHK#<HZ61KS/62[(BIBUI=ASAN/>C/'G'%0'LH4C
MH)+I3:;O%18(Y.3?<V,:&`Y`SL$YQOZ4'HJ+DIM;VZ*^V.VB"5]+>HA)1U[7
MCDW$\&D<0<X'60OI^M*!FH[M9G4\HAM-,:BMKBX<G$,`[.SQ)WXZT'5HO/(.
MR;39HZROT]<Z"QULO)4MTEV2Q[L[LM&]H._?D\#T%;.^ZV%!J$:=M5CKKU<F
M1B6>*E<UHA;Y2=Q."/)O&_)P@[$@C>01GI"`$\`3U!>5]B6Y.NFI]:U37U'(
M/J8WQQSY!C!=)WNR3WI'`CR*MV=9C%+I9CZR:FII*J1L[XI"S#/:\G=T`DH/
M72UP&2UP'E"POSMJ*2PV1]#4:%UE=:^[NJFL$(G=*'-.<;MD`[\#!SG/!>MZ
MAUE[%WBGL%OLM9=[W+$)C2TQ:T1MP=Y<>'#HZ.D(.N1<-%V2+*=,5E]GIJN"
M6CG%+44#VCEF3G.&=&#@]]NX'/#"L6O6%?-=J*V7C2EQMAK@33SA[:B)WX3F
M;F_]0@[%%PMVU\Z"Z7*@L^G*^\-M8S7SP.:QL/2!G)<1@_0>A+SV2+1;].6K
M44%-/5T%?4&$X(8^'`.UEISDC!W9W].]!W2+ST=D2HIY;8Z[Z5KK925]6:9L
M]1*!L;FD.+=D'!VAS\QZ%N:G5T,.LW:8;1.>(*4U575\J`RF8&DG:&-^[9Y_
MND'4HO-QV3O<S;T_2]Q;IAT_(-NNVWCG&T8^(&=W'R<=RVM[UK+3ZA[G;%97
MWBXM@;42-%2R!K6.`(P7>^)!!W=*#LT6DTK?C?[>^HEM=;;:F)_)S4U7&6EK
MOO20-H>4+=H"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(,CB.M?G.U
MUFC*+5^KN["VNK!)7O[6]SF0,Q))M<",9W?0OT6L%K3Q:WZ`@\G9<="732-_
MMFGM/5\U*QD<U32T<')2.R[#7MVB<ENSD\=PX%<E::^>AN]ABTGJNMOSIJEK
M9+964SB:=AQM9+LAN`,9;C&,\%^A@`.``ZAA8:QC7%S6-:X\2``3UJ1Y"+C2
MZ?[.UQJKERT<=P@C@IGB-SMMSN2:WAS9:03P&%QMOA>.QEKZ+!#A=(>`XG;7
MZ0(!()`)'`D<$``X`?0@\5U?"'/[$[.3):.0&`-P'M"VP?50]F;5%334YJ)V
M64NBB(.)7AD9#?G(`7JN`B#\NZEN%5?-)B2MO=TJ;I'4%]1:F4G)4M&W+AM8
M:T`$DM`Y\N*]#UY7P6C7&A+]6\OVA34I+Y(V%^.]/#'$]\-R]?&[)'/O/E6=
MDD>]):/)N3,?GJM=+8=8ZFEN5_OEG@N!-52RT,`<*YIRYK"2-Q`?CR;\J6IT
M_5VS0NF[M!;KF^DH;HZNJ*.J8WE6QG8[[#?N?:SQ'W63N7OYW\=^_.]-^>?*
M9CQ>]7VBU/V2]%7&UP59HXIMCMN6!T8D<7;1:">.SNSS9<O4-578V/3=QNK0
M#+3PDQ-/W4AW,'TD+<#<,#<.@+.#Q`/6H'AFE^Q]JFX:2V6:DBHJ.\LY>IHY
MJ3;<\G@7.._)P#S8RM565U;6]AJML=9!/VW:;A%3@.8[:='EVSS<QVF]0"_1
M!!!W@Y\J;3O&/TH/*>R5&34]CQS8GEL=;'D-:3LC$6[R?]%;TI%(SLV:PE=$
M]K'01;+RT@'?'P/_`.\%Z6"1P)"9..)P@\!M=IKZOL:Z[HJ>CGEJ#=A*R(1G
M:<`X$EHY]P/#H7QJJ_1W[2FCJ.@MUP<;?40-JY74S@R-[6!NP#COCN)W;L!?
MH$DGB2?G3+N(+L=.5(\9UG<[E-KZXVR\7"^6^TMC]P16FG.W6NP.]VP"3DD[
M\X&.9<Y%3U1["5VHNU:AM1'=F;41C<'@'9WXQD\/U+]$@G@"?F0EV=[G9'E4
M"K:\^QM#M9VNUXLY&#G8',O'=':.M%_U;K)U_M<D\<-<74Y>7QCOI),D$8SP
M"]K622<`DGHWH.)U38+;9^QU?[?8[;'`Q](\\G$TESW;MY.\N/TK3PV:MN?8
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M'Z^=="+U<-6:?U6*.PRTU`:22.CFD86S5CRP_<$>3I/$!>A9(.02#TY6"<G>
M<GK0?GNMJI*_L0T-D@MUQ%5;:R(3;=*X!VTZ4][SG&[.[=D+L=21U.G>R71:
MNGH*RKM4U"*:62FA,IIW;.SG`^8\V<GG7JFV[/OSGK0$@Y!(/D1.;R"PTM?>
M]8:JU>RW5E';)K;+!3<O&6.J"8PT'9XGWF?G`XJG8+=6-[`URH'452*ETDFS
M"8G!Y]L8?>XSS?J7M>\G.\E,G.<G/3E$.=T!#)3Z)L$,L;XY(Z*,.9("'`]!
M!WY7$VBNFT%J;4PNMHN-11W"J%72U=)`9>4WN(83S'OL;^!!YB%ZMM`G&T">
MO>OK+FGB6GZ$'AU)I^[0]B_65944-1#47FI%1#1;!+V,$@^YQG)R>;@`5ZQI
M"*2'2=DAE8YDC*&%KFN&"TA@R".9;G)SG)RL(/))-+TE[[+][]FK2^IMQI&O
M8Z1KQ&7AL0&'#`)X[L]*[V+3]HLEEN5/9+73TO*T\F6PL[Z0[!P">)ZEO7R-
M8!RDC6`G`VG``GH&4#@>!!QT%!YCV,;-62]BBLL\\4M'4U9JH_;6%CFE[0`2
M",X7/45SN5!V.9]#3Z6O'LRZ.6F8(Z8F-P<\G;VOG/ZCG"]Q.<]]G/E3)QC)
MQT90>4ZFT?7M[&-G@8US[U8VLJ&"'OG$YR]C2..,@C'.Q1Z;TM=+AV/=2RUK
M'LO>H)))W-E;L.&R[+6G/`$AWS."]9)`WD@=9PB#\Y45D;76^UV.2PZLGN?*
MAE33SU#H:6$9/?M):X`;^<;M^]=S4.K-(=DR[7>>T7&X6V[T[!'-10F5T;F[
M/>$=;?)N(/2O5<G&,G'1E.^;TC]2#S#L5T]T;J/5]PN5JJ+>:V:.5L4K"`,N
M>[`/`D`C..=8[,%LJKE7Z2;!;YZN&.N)FY*(R!K2Z/.U@'`P#Q\J]/1!Y1K3
M3=9IC45%J_1MN+P).3J[?30[0<#SM:!N#@,'`W'!YRM7K&T2]WC=1U%!J"6R
MW"C8>6M6TRH@?LM&PX#>/>C(../D7M:SDYSDY0>+6K3\T6C[]6C15;4FOG9M
M45?7O=/-&TN/+#O`YKP3TY._'EI:5MM;1ZMLITG%JBDHN5#KA!<HRR"-@QEN
M1N=D9&\<<87NJR=K`SG'-E3F/`ZFQ5-CU'J..X6C4M7'53.GH);5.^..8N+C
MB0MZ\9WD8.[>%;O^F*Z'0NF:6EL59#+[+&JFHP]U2Z$$8[X[((R`"1C<2O<,
MD<"B@<KV2[`=1Z5KJ6%I-9"344I;QY1N=PZQD?.%S&A-/7*Z6#5%ROL4M-=K
M_P`I`3,PM='&&;(W'>`7'/4`O440?G:CL=5'9(]/UVE-4U-U$O(OB;6/CHG-
MVO?`@$`#=P&.?*ZO7=BHI;S24]RTI=)Z6*CCB@NUH>Z6;+6@!KVD;)QOWG?@
MCJ'KW-CF13F//>Q)2:AIK?<O9B2X]HNG':$=Q)Y9K!G)().R#WN[AD'&Y>A(
MB@$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$#B<!?
MGS4.H[O6ZEN&M[;+(^SV.N@IQ$V1P;(S+@21G'?$'/X;5[%KNX5MLTI<:FVP
M3S5SH^2@;!&9'![]VU@;]PR?F7G5B[%5X=IF.DEU964#*V,2U-O9"#'MN`W.
M[[>=S<G'-Y%,#?=EO4MPH=&TU78))XXJ\M/;\+@!%&0"!G'%V<`C!&"N:U3K
M35(=I2-EBN5MCEF874YF&U7[+F[+`[&=^X]!VQG*IRT.H*_L-U>GYK36]OVF
MN:T,,+LR0ASCEF[O@W)&[.X!;#5=56W:V:,U%2Z?NP@M%:&U$+Z<\KAHB.T&
M\=D[)`/3Q0=!<NR7545T9:#I&NDNDE)'4-I&2[3P]PR6$!N>]`))\G!06ZXT
M]7V2ZMDU'<:2YRV0321OJPZ&(F)I+>3V0=H9`VL\0=RAL[:VY=F"GU`;-<*2
MCJ+3D.J8"SDW;&-EQX!WDSSJT;?7CLT7"XMH:GM1UF=&VHY(\FY^PWO0[&"=
MW!!R/8YUG=[-HN=\.G+A>(::H?+5U9FPR%I#<#)!)(`)/,`0O1:W7U#''I:H
MH:1U737^;DF/Y0,,)RT'(P<D%V"/(O.](5M]T]V/[C8ZG25YEJ+@96T;XZ8E
MI<]@8X/'%N,9&[>%;O&EK[8=*:&ECM\U=+9JQU36P4_?N9MO:_``X@8QNX'R
M;T'H]PU2:/6U#I9MO,KJJD?4MG$N,%H>=G9QS[''/.N(['>K=0U^I+][)6FN
MFIC.>6>7[7L<UC7D1;`&\[MG=O)'.K%/-=+[V6;#?A8;G16IE'+'')50%I(V
M7Y+@,[&2X``G)QGG5"RNU'8=0:UME'8Z]U?=*B6>@JVQ9A8<2.:XN.[?D`>7
M<4&WJ>R9<:`4MPNVC:VBL=5-R4=5)*!)Q.\L(Z`3CR'>5JM5W:MMG9HI7T5%
M47&8V]K8J.&39Y5[F/`SG<!SDG@`N+OEENUTTS33G3VIZK4,<I]D*NL$CVX)
M(#&,))/%I.!NP>E=SJ&*\T'99HM14EAN%?0P6UG+<A$2=G8<UP;S%XR#LYR=
MZ#;#6;[[I_5EJK;;+:;Y;Z"9TM,Z3:W;![YKMW`D?2"#O6OTCJJ/3O8LL50^
MGFK[A632P4E)&[+YY.5=NSOP.'3Q`YU5M]KO-ZNVM=6R6BJH*:MM<M+1T\S-
MF>4[#1G8X_<?.3CF6I?I2]3=CS2-2ZT5DM1:JF=]50,<Z*=T3I,G9X$.W<V_
M!R@]'TOJ^JN5ZJ-/7VQRV>\Q0\N(72![)6=+3Y/GY^@JKV8+M=K1H^>2U1S,
M,I$<U9%)LFE:2-_2=K.SNX96FT!:J:;5DEVI-*W:W45-3F.&LNM5*9GN<,.8
M(W$@MWG?S8Z2NG[*5MK+MH.[45!`^>J<UCV1,&7/V7M)`'3@%!HZ36]39]&V
M1]?8JEUVJPRFH:)LNV^J:&-Q*3C(#LC=@G)6ST[K6IJ[\-.ZBL<MENTC#)`P
MR"1DS0,[G=.`>D;CSC"XZJI;_746C=56_3U?R^G]FGGM\[=B69C6MS(P'B#W
MPZ>!6SI:.Z:O[(UIU,;+76JTVF+9!KF\G+,_OB`&=&7<>&!Y<(.G[)MUNEGT
MA6U=H@E=.1LNGC>&FE:>,F_CS#\I>4:BNMVG[%VG)+A134T<%;"(JATNVZLC
MV'$R=(W[L'BO9-=V^IN>C;U;Z*,R5,U*X1,;Q>X$$`>4XPO*+A3WF[]C.P6J
M'3=WCJK57P1N;)`[:E`:\E[1C.R,@9/.D#NK?KNX/U7162]Z8GM++F'&ADEF
M#WOYQM-&X9X8SD$A1W37ES-QND&G-+RWBCM)+:VI$VP`X;W-8,':Q@_1PQQS
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M>S<:6*FD9#*=C:<V,-<P\P.">/.%HM1-U'V0&V>QR:4K[13T]2V>OJJO`8W9
M&,1^-Q=CYO*40U&K&72]=ED6^NTV+@V&'9IZ%]7L-=$"?;\@C!XNQY`KM'=I
M*'2^OJG3=MDIJB"XN9+**PN+!EP=,,@8(\49X^1=.ZUW$]FJ*\-H)_8P6SDC
M4EGM8?LGO<]*U%@TW>W6#LBT,MOEIZBY54QI!*`P3`AV"#PP=PSY4%2Q:ZO&
MG^Q_:JFXV,2F9S(*&:6L&*D':+I)'');@X&_ISP"[/3.IKY<;LZWW?31HXW1
M<K%6TD_;-.[[TR-&R#T;_FWA</34^I*SL?4%DJ=`R5++:YC)HJUQ9+,,NR^#
M!!:X<#Q]\.(RI="Z<N-+K6"Y6.S7BQ6!L;A5P7.49G<0<!K!QW[.\\,'?S(/
MK_\`DF2-'6K!(_[39P^3>M[JW7]?8=74.E[=IUUUJJRB$\(CFV'.?WP#>&`W
MO,D]&52[/EFNM[TK;::T6^IKIX[@V1\<$9>6MV'#)`YLD+ZN]GNDO9OT]>([
M?4/ML%L=%+5",F-C]F7O2[@#WP^E3&YY\2R=D.]7@:DM#M*&FU+:H=L4)JAL
MR`D-/?G&R1M9Z"N8[$^MKE:>QY>+UJ&&HJK;1RN=#6257*2SRN+6\B`XY&,@
MYX;ST+I--V6[0]F'6MSFM]1'05=(&4]2]A$<KL1[@[@>!^A<-IO3&H+EV*K[
MHB6PW"CNM/5"NA?4Q\G%.=IHY-KCN+L!WDX)L-KLZ7LHWFDGM$^JM&2V>SW5
MP93UW;&W@NWM+FX&!C?OP<;\*6Z=DV[PZMO6EK3I&:ZUM#(UL?(2GOF[MI[]
MW>@9`'22N%MVE(KL^VVR/L97B&L9LBNJ;G7S1TT6!@N8<[^G'S#/%>@Z,M%S
MI.RQKBY5%OJ(J&J;&*:HDC(9+@M]Z>?@FPVLW;LAWJ34ERL.D=(2WR2UM]V2
M\OR;6/\`%;NW[\CI)!P-RAG[+MM;H*+5$-ME=5RU7:/:+Y-G8GQM$%^/>[._
M..?&[>N*O>D'V;6^H:V[Z/O5\MERG=444UJG>TL<XDEKPT^7&_AC=G*VSM*W
M>E[&CZ>GT#1.-37"IJ;1)52RS",-`#V.V@6R<=P)W'AQ"909R[+3FL=35MYC
MMMYT9)113PNDIZVDJ!54Y<`2&OD:"UN<8X\<=*X_L27W5E;KS5%-7VZ5],ZJ
M/;8DK=L6UP,A#&`GO@3WN[H5+06GZ^G[(%OK]*V#4-@L,;#[)1W5^&2<>]:#
M[[FZ=^_<M]H"&[6'LFZNI*^PW(4]XK#-3US(<T[6M,C@7/X;PX`>7<@]=1$7
MEZ$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!:NLN[*6]6VTFEG>^MY3VX-Q'
M'LL<[!)XD[)W#AQ.-V=HJ-;;F5=QM5:Z4M-!+)(&@9V]N,L(\G'/S(-==-1-
MM]Q?2]HR304X@-94"5K1`)GED>&G>[>,GA@;]_!4QJ]N"YUKE:R=CW4!,S<U
M1;,V+!W>UDN>TC.>].>(POJ73576R,GKKH`ZH9`VXQ14[=FIY&0OCV23WG'#
ML9R.CBOEFD`&ECKG(YD#)&4'M#<TVU,V;+CGVPAS&XSC<"#DG*G8AO+1725U
M/*:BF[6J8)GP3PB3E`U[<<'8&0000<#CP7W/<[93ROAGN-'%*SWS)*AC7-Y]
MX)R%\6FADHJ>45%2*FIGF=//,(Q&'/=@;F@G````&3PXK@[9I?3UYUSK+V5L
MU)5\A-2B+E&>\#H03C!''`4)=Y[,V?)'LO;\CF[:C]:^?9RR?US;OTN/UK3?
MR?:)_LQ;_,=ZUD=C_1(.>YBW9_`/K0;?V=L>,^S5MQ^-Q^M/9ZQ_UU;?TN/U
MK4?R?Z)_LO;OS9]:BBT+HQU551G3%LV6"/'M72">E!O/9ZQYQ[-VW]+C]:Q[
M/V$\+Y;/TN/UK5]P.BMG9.E[;CY(^M8[@-$XQW+VW\T?6@VOL_8?Z[MOZ7'Z
MT[H+#_7EL_2X_6M6=!:*./\`9>V[O[K_`*K/<'HO(/<O;,C^Y_ZH-EW06'^O
M+9^EQ^M#J&P`X-\MGZ7'ZUKFZ$T8TY&E[9^961H71HSC3%KW_P!P@V'=#8,X
M]G+9G\;C]:QW1:?SCV=MF?QN/UK7C0FC`,=R]K^>'*#0^C=HM[E[7N`_H`@V
M`U)I[FO]L^:LC]:P-2:=.<7^UG''W7'ZU1[A=&?V6M7Z.%GN'T;_`&7M7Z.$
M%TZETZ,$Z@MGZ6SUK!U1IP')U#;,]/;C/6J@T1HX<-,6K]'"#1.CQG&F+7OX
M^YP@L]U.FO[16O\`2V>M8[JM,<.Z.U?I;/6H!HO2`&!IFUX_%VK/<9I'&.YF
MU8_%FH)NZS3&3_M):O+[K9ZUCNMTL-_=):OTMGK7QW':3P!W-6K`X>Y6^I1M
MTCI;MIX[F[7L\FW_`+JSCEWD03]UFE\_;):L_C;/6G=;I;&.Z2U8Z.VV>M8[
MDM*Y)[F[5O\`^%9ZD[D=*_V;M/Z(SU(,]UNEO[26K]+9ZUCNNTK_`&DM7Z6S
MUH-(Z5'_`):M/Z(SU*(:3TJ:E[.YNTXY-IQVHSI=Y$$W=9I?^T=J_2V>M8[K
M=+9^V.U?I;/6G<CI7^S5I_1&>I.Y'2O]FK3^B,]2#/=9I?\`M':OTMGK6.ZW
M2W]I+5^EL]:R-)Z6!R-.6K/XHSU*$Z5TQVZ!W.VK'(DX[49QVAOX()NZS2Y_
M\QVK]+9ZUCNMTMSZDM7Z6SUKZ[E-,#=W.6K]$9ZD&E=,`8&G+5C\49ZD&.ZS
M2Q_\QVK]+9ZT[K=+'_S):OTMGK7WW,::QCN>M6./@D?J4#M+Z9[<C'<]:OL;
MCCM1G2WR(/ONMTK_`&DM/Z6SUIW6:6/#4EJ_2V>M2=S&FL@]SUJR.'N./U++
M=-:<:,-T_:QOSNHX_4@C[K-+<.Z2U?I;/6L'5NE1C_:2T[_^+9ZU,--Z=!R+
M!:\\?`X_4H#IW3PK8VBPVS9,3SCM2/CM-\B#Z[K-+?VCM7Z6SUK'=;I7);W2
M6G/..VV>M3]SFGL8]@;7C\3C]2=SNGOZAM?Z''ZD%<ZNTKC/=):L?C;/6G=?
MI3`/=+:<'_BV>M6.YW3_`/4-K_0X_4H)-/6`5=.!8K9@B3([3CW[AY$&#J[2
MC1DZDM0WX\*9ZT.KM*@@'4EJW\/=3/6K'<[I_P#J&U_H<?\`"AT[I\_^`VO]
M#C_A05>['2><=TMJS^--]:#6.DCG&I;5N_XIOK5ON>L&,>P5LQ^)Q^I0R6&P
MBJIF^P=MWA_"EC',.;9WH(>[/2/'NFM7Z2U8[M-(8SW36K'XRU7A8;$""+);
M<CG[4C]2R+%8VG(LMM!Z121^I!0.L](#CJ:U?I+5CNVT?D?[3VK?_P`2U;$6
M.R#.++;AG_A(_4H9;-9VU%*UMHMX:7/!`I8]_>'R(*AUMHX'!U1:L_C+5@:X
MT:3]M%J_20MI[#6?9V?8BW[/1VK'ZEDVFTGC:J#]%C]2#4G7.C1QU1:OT@+'
M=UHS&>ZFU8_&`MQ[%6K^JZ']&C]2^'VFU[4>+50D;6_W-'NW'R(-5W=:,_M3
M:OT@)W=Z+W?[46O?P]O"W'L5:OZKH?T:/U)[%6O^JZ']&9ZD&F[O=%9`&J;9
MD_WRP=>Z*`^VBV?GO^BW7L5:_P"JZ']&9ZE!56NUAU-BV4(S.T'W,S?N=Y$&
ML[OM%'/^U%M.R,GVWA^I8/9`T2!]M%M_.GU+>>Q=L_JRA_1F>I9]C;;G/L;1
M9Z>UV>I!H3V0-$CCJBV_G#ZEC^4'1']J+=YY]2WXMMN'"W48ZJ=GJ7T*"@`P
M*"D`Z.09ZD'/?RA:(_M1;O//J6#V0]#CCJBW^>[U+HNT*#&.T:7'R#/4OHT=
M&>-'3'_!;ZD'-_RB:'SCNHM^?PG>I/Y0]#_VHM_G.]2Z3M.C^*4WYEOJ6>U*
M3XI3_FF^I!S/\HFA_P"U%O\`.=ZD'9%T.<?[3T._RN_A73=J4OQ6G_--]2=J
MTOQ6G_--]2#F/Y1M#9`[IZ'?^%_"L'LCZ&'_`)FHCU!Y_P!*ZCM6E^*T_P":
M;ZE7KZ>E;2N)IH`-IG]$WQQY$'/CLCZ'(R-2T>.I_P#"G\H^A_[1TOFO_A74
MFFIL^#0;C\$WU+/(0?`0_FV^I!RG\H^A^;45,?(&29]%8/9)T."0=0P;O[J3
M^%=8(80<B&('R,'J459%":=^U''C+?N1XP0<Q_*3H?\`M!#^:D_A3^4G0_\`
M:"'\U)_"NN,<>3[6SCXH389XC/-"#D/Y2M#D;K_$?\&7^%8/9+T/C/L]'S[N
M0ESZ*[#89XC?-"Y#LKM8.QY?3L-'M+>`'CM4CL&D.:'#@0"%E14G@E/\DST0
MI5`(B("(B`B(@+C=*_;SKG=CW12?/[0NR7':5.=<:Y'1/2?N$'8HB("JP`]N
MUI/`\ECS2K2@BQVW5;M^(\_04$Z(B`B(@(B("<Z(@(B("(B`B(@*)OA;_DV_
M6Y2J)OA3QG^C;N^=R"5$1`4+?#).CDF^DY3*)N.VG]/)M^MR"5$1`4)SVZ.C
MD3Z04R@)]W@?W!](()T1$!0N)[<C'-R3OK:IE"[PR/IY)WUM03(B("KN\/B^
M1?Z3584#O#H_DG^DU!.B(@*"7PNFZI/J"G4,GA5/U/\`J""9$1`4,GA-/U/^
MH*902X[:INI_/Y`@G1$0%7GSVS28QC:?GS"K"KSC-32'/!S_`)^\*"PB(@+Y
M=Q;U_P"2^E\N.',\I_R*#Z1$0%7JO?4WR[?J<K"KU7OJ;Y=OU.06$1$!$1`1
M$0$1$!$1`52Z#-$X?WD?[QJMJM7AII7!S2X;3#@?AM06CQ*PLGB5A`4-9X,_
MK;Z04RAK&[5,]N>);Z003GB5A9/$K"`N0[*_^[R^_(M_>-77KD.RMN['E]/]
MRW]XU!U5+CM6#'#DF>B%*HZ8YIH#C&8VG]D*1`1$0$1$!%Q.J[Q=[9=*AT!J
M33Q0TKH&0,8^-SWS;+Q-GOFY&`WADYQDC"HB^7@04-3[(R?]I1U&VW99BDV*
MN.(.9NW8:\@[6<G!*G)&;T1<;I7'=SKD?W]'^X6]L4L[A<::>HDJ>U*U\#)I
M<;;FAK'8)``)!<1G'-O7/:7F(USK?VF<DS4AV=D9;[1U\ZA+MD4(F<20*6I.
M.A@]:YZY:WT_;YG4TM1)-5`X-/3,$SP?+LDAOY1"F(F9R@SR=.J\7AE5U1_4
M5Y[<]?7*?,=HML5(SX>M=RC_`)HV''TN^9:/V>U&973&_P!4)'`!VQ'$UIQP
M[W8W*S1@[M49Y9,<W:8>S(O'3J;5&,-OT@\II87'T5ENJM7,QB]P/`^$M\9S
M]!"]3@;R/O4O847DK-9ZL8-]1:Y=_P!U1.;]4BN4FOKY%*.W;7;ZJ$\>UI'P
MO'5M[0/TA>)P=Z/!,7:?-Z<BX^E[(6G99&Q5+ZFWRG@*R,1L)Z!)G8/TKJ(J
MGE8Q+'!,^,\'MV2UW40[!5>JF:9RF'N)B=RPBAY9^_W+/N\C=_ZT,S_BTW[/
MK4)3(H>6?\6F_9]:<L_XK-^S_$@F11"5_P`6F_9]:^>6DVL=K38QG[GUH)T4
M7*O^+R_L^M8,TF_%+,?G;_$@F4+?#'[_`.B;N_*<L<M)\4FX9XL^CWRA;-+V
MTYW:,P]J&\N9XSMWOD%U%#RTN<=J2XZ=IGK3E9/BLGG-]:"90M<>W)&\PB:?
MVG(99?BLGG,]:@9+)V_)[FD^PL^Z;XSO*@NHH>5D^*R><WUK/*R?%I/.;ZT$
MJKG^<&_('TPOKE9?BLGG-]:@Y23M\'M:3[`?NF^,/*@NHHN5D^+2><WUIRLG
MQ:3SF^M!*HG>%L^3=];4Y23XN_SF^M1.D?VW'[G?OC=OVF[M[?*@M(HS(_/V
M!Y_*;ZU]!SLXY,CRY"#Z5=WA\7R+_28IMIV,[!ZLA5W.=[(1^UNW0OYQO[YG
ME06D6,GQ2L_,@*"4^[*8>23Z@IU7E\,I>J3Z@@L(B("AD.*B`=.W]04RKS>&
M4F[X3?T=Z$%A$W]"P20!AN?G095>H\*H^'OG^@5,7.Q]C_:"JU+G=MT0,1]^
M_'?#X,H+B*/;DS]A/GA8VY?BY\]J"51R^_A_#_TE?/*3?%C^<:OB1\I=$>UG
M'#L^_;T%!911<I+CP<^>U.4FSX,?SC4$JKU7OJ;Y=OU.7WRDWQ8_G&JO5239
MIO<Q^SM_I&]#D%U%`):CGI"/\5JR9)\;J4Y^5:@F10<I49\$..GE6K(DGWYI
ML?XH03(H.4J/BO\`\H6>4J-G/:PST<J/4@F10\I/\6'YT>I-N?XN/SH]2"9%
M#MSY\''YT>I9#Y\;Z<#_`!1ZD$JKUXS2/&<;V^D%][<WP`_.#U*K<GSBC>1`
M#O9GVS[]OD0;`\3UK"B>^?)Q3M._X4>I8#ZC!S3M!Z.5'J03*.H&87#..'UA
M?.W4<U.S\[_T7S,^H$3B(8\_?2[N(\B"R>)6%#MU.?L$?YW_`.JSM5&=T,>/
ME?\`ZH)5Q_99)'8ZOQ''D&^FU=7M5'P,?YW_`.JX_LKNG_D\OP?"P,Y!N2),
MGW[>;"0.OHO`J;Y%GHA3*&C\#IOD6>B%,@(B("(B"K/;Z"HJX:V>BIY:J'[%
M,^,%[.?<>O?Y%\-M5K:ZJ<VW4H-4")SR+?;0=Y#MV_)WGI.]7400TM-3T<#:
M>D@C@A;DAD;=D`DY)ZR5Y377VYV;76KXK=#29J'TI,T^TXL(@&,,&`>/.0O7
M%XEJ8`=D#4O#>:4[OD0K&%MTUW(IJW/%R9BG.$-?57.Z'-VNM75CX+;Y*$=4
M;,#Z<J&*..)FQ%&R-GBL:&CZ`OI%NZ+=-$94QDIS,SO$1%[0(B("(B`0""",
M@\0>!4=/&ZDDY:WU%103>/22F+]D=Z?G!4B+S5335&4PF)F-SH:#6NHZ-FQ4
MBCNC1P,K>UY,>5S`6D_DA=;I_6MKN]2RAEBGMU?)NC@JMG$IZ(WM)#CY-Q\B
M\Q4<\,<\3HI6[3#\Q!YB#Q!',1O"J7,#;JC^.R62F]5&][VB\OT[K>IM36TF
MH7R5-",!E>!M2PC^^`]\T>.-_2#Q7IT4D<T3)HGMDBD:',>P@M<#P((XA:JY
M:JMSE5"S35%49P^E\AV9"SH:#])/J7TH6^%OX?8V_6Y8WI,B(@*$9[<=N&.2
M&_/WQ4RA!]V$;_L0](H)D1$!5V^'R_(L])ZL*NWP^7Y%GI/06$1$!5S_`#@W
MY`^F%85<_P`X-^0/IA!81$0%$[';3#OSR;OK:I5\$'EFGFV2/UA!]HB("KN\
M/B^1?Z3%85=WA\7R+_2:@L(B("KR^&TO5)]05A5Y?#:7JD^H(+"(B`H90>V*
M<YYWY\U3*";PFFZ,O]%!.B(@*K4^%T._[M_[LJTJU2<55%PWO>/V'(F%E$1$
M"BF)#X<<\F#YI4JAG.'P<=\G^ER"9$1`5>J]]3?+M^IRL*"J'?4WR[?J*"=$
M1`1$0$1$!$0H"(B`JUPQVI)GI;Z05E5[AX))UM]((+)XGK6%D\3UK"`HZAI=
M"\!VR>GHWJ10U9V::4YQ@<4$YXE863Q/6L("X[LMDCL<7\CX!OIM78KCNRWO
M['-^']PW]XU!U=%X%3?(L]$*904/@5+\C'Z(4Z`B(@(B("*">LI*>:&"HJX(
MIISLQ1R2M:Z0]#03DGJ7R*^A,E3$*VFY2E&U4,Y9N81C.7C/>CK065XIJG/\
MH.HLC[FD_=+V6DJ::LIV5-'415$#QEDL+P]KNHC<5XUJR&-VN=23OK)*(M-(
M!421A]*,P\)\=\P'=B0;ASK-8O4V:XKKW/-=$U4Y0IHL5;:FWU,=+=*8TDLH
MS"_:#X:@=,<H[U_5N/D65O;=RFY3VJ)SA2F)C9(B(O:!$1`1$0$1$!$1`5RP
MWFX:;E<^WMY>A<=J6WN=AI/.Z(G[&[R>]//CBJ:+Q<MTW([-4)IJFF<X>R6&
M^6V_4?;5NGV@TALL3QLRPN\5[>+3^H\1D*XWPV3Y)GI.7A\+ZFDK&7"W53Z.
MO8W9;,P`[3?%>T[GM\A^8@[UZ-I'5T5YK30W"%E%=3""(0_,<X:7;3HCQ.,@
MEIWCRC>M-B,+5:VQMA;HN14[%$15604`/NYP_N1Z14ZKC^<'?(#TR@L(B("K
MM\/E^19Z3U85=OA\OR+/2>@L(B("KG^<&_('TPK"KG^<&_('TP@L(B("C=CM
MAF_?L.^L*1?)V>5;D=]LG!\F[_H@^D1$!5W?SA%\B_TF*PJ[OYPBX_87^DQ!
M81$0%7E\-I>J3Z@K"KR^&TO5)]006$1$!0R^$4W6_P!%3*O/X52=;_106$1$
M!5:H'MN@/1(_]VY6E5JO"J'Y1_[MR"TB(@*"I^R4ORW^ARG4%3]DI?EO]#D$
MZ(B`H*GWU-\NWZBIU%.,F'>!B4'?U%!*B(@(B("(B`OB0D-&/&:/UK[44YPQ
MORC/2""5$1`5>O\`!).MOI!6%6K_``23K;Z006CQ/6L+)XGK6$!5[ANH9_P?
M\PK"K7'P&?\`!_S""T[WQZUA9=[X]96$!<;V6_\`=S?OD6_O&KLEQG9=_P!W
M%_WX]I;^\8@ZRB\"IOD6>B%.H*+P*F^19Z(4Z`B(@(B(.`UE;+A5:B944U#5
M2@T],R+DH6OBF>RHY1S)GG?$UHP0YI:3D[S@-5#V(NCJ=E*+34\O0,K#5RF%
MN*\/J62-:QQ/MA<UI._@=QP5Z<BG-&33:<CD_P"U*LTTM+!65KIH()HN2>UF
MPQN2S[G:<USL'?OR>*XF0/[N=5"0AQ]QY(&`1R)YLE>GKS*8?[>ZJZJ+]R5K
M])_C5>GO"Y@._CU]GP**2C9-'014U1039,UHK1M4DIZ6[CR+O*T8Z1SK61V%
ME:R5VF99>V8AM2V&XOV:B(#CR4A.'MZ"21]\."Z15JRBIZOD73-<)8'\I#-&
MXLDA=XS'#>T_7SY6IP6E;V'JW_/]\_?_`%L,5HZB[MIV2XQLOMSZ:6.6GJHQ
MF2FG862Q];3OQY>!Z5(NLK*NEJ:=E-K>D-?2PGVB]4S2R>G\L@8`6CI<S+3]
MTT+6W/2=YM\/;MMD%^M3VB2*:FV>7V#S[`[V08YV;SXJ[+!Z9M7HB*]D^?A_
MYZN>O82NU.4PTJ**GJ(:EA?!('AIV7<Q:>@@[P?(5*MQ$Q,9PJB(BD$1$!$1
M`1$0%'/"V9H#BYKFD.9(QVR^-PX.:X;P1TA2(HF(F,I';:0UA45$\=FOM4R.
ML(#::K,8#*O[T[\-E\G!W$<X7>;$WPX_-CUKPFH@AJ87P3QMDB>,.:[@5U^D
M]9RT+XK5J*H?+`]X937%^.]SN#)CS<P$G/P=OWG4XK"31_*C<M6[N>R7H^Q/
MGP@?FQZU7V)^WW8J`/:!_1#QCY5=X;B,%5Q_.#OD!Z95!F?38Z@>^J0?\(#_
M`#1T=00,50'EY('_`#4R((.2J/C?_P`(4`CG-=)BJP>19OY)OC.5Y5V^'R_(
ML])Z#)BJ"-U7@_)-*P8JD\*PC_!:581!`(JC.^L)'R35!R<_L@WW4?L!_HV^
M.%>5<_S@WY`^F$&1%/\`&R?\)J^N3FSX2?S;5*B"'DYOC)_-M43XYNV8O=;L
M[#_Z-N_WJMJ)V>V8NC9?_I08Y.?XT[\VU.3F^-._-M4R((>3FQCMIV>GDVJL
MZ.87&'-4X^TO_HV^,Q7U7?\`SA%\B_TF(/KDYOC+A_AM61'+N]TN\QOJ4J((
M.2FSX6_'1R;?4H'Q3"LILU3W=[)Q8W=N'D5Y5Y?#:7JD^H(/IL4HXU3W?D-'
M^2SR<F/"7YZ=EOJ4J((N3DSX0_S6^I5YXY.V:7W0\;W_`'+?%/D5U5Y_"J3K
M?Z"#[,<G-4R#\EOJ3DY/C#_-;ZE*B"+DI/C,GFM]2KU$<G+TGNA_V1WW+?$=
MY%=5>H\(H_E'>@Y!]\G)CPA_FM]2^1#*/^]RGK:S^%3H@@,,N#[KE'Y+/X57
MJ89.5I?=<V^;H9N[QWWJOJ"I^RTORW^AR`(9`-]7,?F9_"LB&0#?52GYF^I3
M(@AY%_QJ;Z&^I1SPO/(^ZI1B4>+OX_>JTHI^,'RK?J*#'(O^,S?L_P`*SR3\
M^$2_L^I2H@BY)_QB;]GU(8G?#RCS?4I401B-V/L\I^CU+').^,3<<_<^I2H@
MB,3OC$O[/J4%1`[89[JJ/LC.=OC#R*XHJ@X8SY1GI!!CD''_`+U/]+?4L<@[
MXU4><WU*=$$/(N^,3^</4H*^$]J/]OFXM^Z'C#R*ZJ]?X))UM](()#$<GV^;
MCXP]2QR1Q]GF\X>I3'B>M801&(G^GF'4X>I5KC">T9_;Y_>^,.GJ5Y5KCX#/
M^#_F$$KH3M./+S\?'_Z+X-/G_O-3\TG_`$5AWOCUE800\ANQVQ4<,?9/^BX[
MLM1;'8ZOSN6F=B%NYS\C[(WF7;KC.R[_`+N+_P#(M_>,0=909[1I<\>1C]$*
M=04.!0TH'#D8_1"G0$1$!$1`1$0%YE,<Z]U5Y.TOW)7IJ\SG^WS5/51_N2J&
MD_Q:O3WA<P'?T^OLNHB+E'0,C<<@X*J4D59:JHU5CK.T]L[4M(]NU33'I+/N
M'??,P>D%6D62W=JMSG3+'<M47(RJA\UDNFM32B#45$ZQ7K.(ZV*0-;*>`V)\
M!K_P)!GR<ZT=\TGJ"RYD$!NM$!OGI(\2L\KH<DGK9GJ"W<T44\+X9XF2Q2#9
M?'(T.:X=!!W%?-OJ;S8N3;:*D5-"S<;=6/):!_=2G+F>0':;U+=X'3%RSLB<
MO\G=_P"-1B=&>-&WW<1!-#4,,D$K9&@[)+3G!Z#T'R%2+T"2DTCK.MD:8IK5
MJ,,[[&(JDM'W6-[)F^7OOF7*WK3%_L3'RU-.+A1,XU5$PES1TOB]\.MNT.I=
M9A=+V;V5-?\`&?\`=WI+2W,/52U*+X@FBJ(FS02LEB=P>PY!7VMJP"(B`B(@
M(B("P]K7L<Q[6N8X8<UPR".@A91!OM*ZLET\V.@NCGSV7.(YSETE$.AW$NC\
MO%OE`W>GQ/9)6"2-[7L?3-<US3D.!<<$'G"\25_3=[KM,SAM-$:NUNW/HR_#
MH1DDF$G<-YSL'<>8M6LQ.#_M;Z+%N[X5/:$6NLEYMU\H^V[;4"5@.S(PC9DB
M=XKVG>T^0_-E;%:S<L"KM\/E^19Z3U85=OA\OR+/2>@L(B("KG^<&_('TPK"
MKG^<&_('TP@L(B("C<!VQ&><-=S>4*1?)QRC>G!_R0?2(B`J[Q_VA$?[E_I,
M5A5W>'Q?(O\`28@L(B("KR^&TO5)]05A5Y?#*7JD^H(+"(B`H)L=LTN_?E^/
M-4Z@FQVS39XY?CS4$Z(B`J]1X11_*.]!RL*O4^$4?#[([T'(+"(B`H*G[+2_
M+?Z'*=05'V2E^5_T.03HB("BGXP_*CZBI5%.<&#RRM'ZB@E1$0$1$!$1`453
M[QGRC/2"E4<WO6_AM^L()$1$!5KAX')UM](*RJ]?X))UM]((+)XGK6%D\3UK
M"`JUQ\!G_!_S"LJM<?`9_P`'_,(+3O?'K*PLN]\>LK"`N,[+O^[>_P#R+?WC
M%V:XWLN?[N+_`/(M_>,0=70^`TOR,?HA3J"AWT-*?[F/T0IT!$1`1$0:6]WJ
MIM=13QLLE561SO9$R2*>)N9''`8&N<'$[LG`Q@$\Q5/NNI/;G]HU1@V9C2R@
ML(K#%((WM8,]Z=HC&UC(W\RW5122372WUG+-$5)RKC$69VGN:&M=GFP-KSES
M0T?/L&G-SC%+3-G]CFBG[Z!TL@DVGDNP_9+<``#()SO4H=%:;@;A#,9:22DJ
M:>8PST\CVO,;P`??-.""'-(/E7`S?;[JH<^*+]R5WEGH9Z-E7+5S135E94&H
MG?#&8V9V6M`:"2<!K0-Y)XK@7QLCUUJIK&[(]QG`^1*U^D_QJO3WA<P'?T^O
MLV"(BY1T(B(@(B((*RDIJV(154+96`Y;G(+3TM(WM/E!!5JWWR_V5H8\NO=$
MT[FRO#*N-O0U^YLOY6R?*5\(LUN_7;V1MCR8+N'MW>*-JW46O1^LY))*"=UO
MO;6[4G)-Y&I9\K"X8>/*0?(5R%[TW?[&]SZFD[?H0,]N43"[9']Y%O<WK;M#
MJ6[K*&EK#$Z>,F2%VU%*QY9)$>EKVD.;\Q6PMU_O]KD#:D^S5%TG9BJH^H[F
M2_/LGRE;S!:8N6ME-6SRG=Z2T^)T;5&V-ON\]AFBGB$L$C9(SP<PY"^UZ$ZS
M:/UJ:BNM<KZ&[_\`>'0#DJB-W]]"[<[K(W\SEQM]L-\TZQTUS@94T+3OKZ-I
M+&CID8>^CZ][?*%U6%TM9O3V:OXU?ZU%=BJG<UZ+#'LD8V2-S7L<,M<TY!'2
M"LK:,(B(@(B("(B#YC-1353*ZWU<M%7,W-GAQDCQ7`[GM\A^;"]"TYKNGJI&
MT-^;%;ZQQ#8Y@X]KU!.[`<?>.^]<>HE>?KYDC9+&Z.5C7QO&'-<,APZ"%6OX
M6B[MW2R47)I>\G<<'<>@JNWP^7Y%GI/7D.G[Y56$LIY*87*U`8Y!X!G@']V]
MWOA]XX]1'!>DV.MLM[VZVV=KSP<DUIQ&`Z-VT[+7-(RUWD*U%VS7:G*I:IKB
MK<WN1TID=*@-'2..32P$])C"R*6F!R*:$'R,"PO2;(Z0JQ(]D&[Q]@//]^%)
MVO3_``$7F!5C34QN#<T\.Z`X[P;N_""]D=(^E,CI'TJ'M:F^+P_FPL]K4WQ>
M'S`@ER.D*-Q]O9O&-EV3M>4<RQVO3_`1>8%$ZEI3/&33PD[#@,QCAN\B"UD=
M(^E8R/&'TJ/M:F^+P_FPL=JTV<]K0Y^3'J02[3?&'TJNXCM^+>/L+^?[YB^^
MU:7XM#^;'J5=U-3"OBQ3P_87_<#QF(+NTWQA]*;;/';](4?:]/\`%XO,"P:6
MF))--"2>.8V[_P!2"3E(_A&><%7F>SMRE[]O"3[H=`4G:M*#GM6#\TWU*"6"
M#MVF]HBWB3/>#?N""WML\=OG!-MGCM\X+Y$$`X01#\@)R,/P,?F!!];;/'9Y
MP4$TC.V:7OV\7_=#Q5-R,/P,?F!02PP]L4QY&/B_[@>*@L;;/';](3;9X[?.
M"QR46,<E'C\$)R,/'D8\_@!!G;9X[?."K5,D?;-'[8S/*.QWP\1RL<C#\#'Y
M@5>HAA[8I/:H_LCON!XCD%GE(_A&><$Y2/X1GG!8Y&'X&+S`G(P_`Q^8$#E8
MOA6><%7J9H>4I?;HOLWCCQ'*QR47P4?F!5ZF&'E:7VF/[-X@\1R"?EX,9Y>+
M\X/6G+0YQRT6?PPG(P_`Q>8%GDHAPBC\T(,<M#\-%YX44\T(,&9H]\K0._''
M!4_)Q_!L\T**>./,&8F'VUN.]&[<=Z"3EH?AH_/"<K%\+'YX6=AGB,\T)L,\
M1OFA!CE8OA8_/"<K%\+'YX6=AGB-\T)L,\1OFA!CE8N'*Q^>%CEX/AXO/"^]
MAGB-^@+&PSQ&^:$'QVQ!@GEXL#B=L;E\R5$``]OC]\T;GCIZU+L,\1OFA15(
M:&,.RW[(P</O@@^^7@^&C\\+';$'P\6_[\*0-;XH^A-EOBCZ$$?;%/N]OBW_
M`'X5:OJ:?M23W1%Q;]V/&"O8'0/H5:O`[4DW#BWF^^""4U-/D^Z(O/"^>V:;
M!/;$.[CWX4Q`R=PXI@=`^A!%VS3XSVQ%C\,*K7U5,ZAGV:B$][S/'2%?P.@*
MM<0.T9]P][_F$$AJJ8N.*B([_'"^35TH.#4P@]&V%8=[X[N<K""#MRDSCMJ'
M/X87']EJH@=V.K\UDK'.,+<-:X$GVQB[=<;V7,_R<W[?_0L_>,0=50>`4GR$
M?HA6%!1>!4WR+/1"G0%S>J+[=+23VA:*>6!C`^>NN%<RDI8@3@#:.2YV[@!@
M;M^_"Z1<'V7J.FK=-TL,DLG;1K&BD@92=M=LRECV[')Y&>]+G9SWI:"IA$MY
MIN\W6XO?#=+*RE(:7,JJ2K;4TTN#@M#AAS7#Q2.8[UT"XWL81M9IZ=SY9'5K
MZQYK(GTIIC#*&L:6<F22.]:UV<G:+B>==DHE,"(B`O,I_M]U3U47[DKTU>93
M#_;S5)\E'^Y*H:3_`!:O3WA;P/?T^OLO(B+E'0B(B`B(@(B("(B"K64%+6%C
MYF.$S/L<\3S'+'^"]N'#Z<+8T6HK]:F-95Q>SE*.+V[,54UO5N9+^P3Y5`BS
MV\171LWQY,%W#6[N^-J*IT_IG4U1)4:8N3+7=MG;GHGQ%H=^'3G!:?OVX^=<
MA<J2XV:<4][HG4;G.V(YMK;@F/WDG#/WKL'R+JZV@I*X1]M0![HSM1R`EKXS
MTM>,.:>HJ=E?>X(I*6HDI[[;)6[,E)<6ALA;T"0##NI[?REO\!IRJUE3,[/*
M?^I_^M/B-%U;Z=KB46UFM-IJJL4^G*MULKC_`."W=Q8U_P`A+WV>H%P\C5J*
MATE'7.MUQIY:&N']!4`-+QTL/!X\K25UV&Q]G$1_&<I\OF]IKEJJB<IA](B*
MXQB(B`B(@+YC$U/5MKJ"IFHZUO">!V"?(X<'M\C@?F7TBBJF*HRE,3EN=M9.
MR`&N;3:DIV4^[`N$`)A<?OV[W1]>]OE"[Z":*HACG@E9+#(W:9)&X.:\=((W
M$+PM26NLN-CD=+8ZH4P<_;DIGMVJ>4\^6?<D^,W!ZUK;V`\;?1GHO>%3W-5S
M_.#?D#Z87+V+75MKYHZ*Y1FUUTFY@E>##*[H9)N&?O7`'K74.!%P`(P>0/IA
M:ZJF:9RJAGB8F-BPB(O*11N!Y=AYMEP_6%(OD_96[N8\W4@^D1$!5W?SA%\B
M_P!)BL*N[P^+Y%_I,06$1$!5Y?#:7JD^H*PH)?#*;JD^H()T1$!03$]LTH`W
M$OSYJG4$WA--UO\`103HB("KU'A%'\H[T'*PJU2?=-$.F1WH.0641$!05/V2
ME^6_T.4Z@J1F2E\DW^AR"=$1`44_&'Y5OU%2J*?C#\J/J*"5$1`1$0$1$!0U
M0S&SY6/T@IE\2@.:T$_=M/ZT'VB(@*O</!).MOI!6%7KO!9.MOI!!9/$]:PL
MGB>M80%6N/@,_P"#_F%95:X^`S_@_P"806G>^/65A9=[X]96$!<;V7`3V.+_
M`(X\BW]XQ=DN-[+?^[B_9&?:6_O&(.KH?`:7Y&/T0IU!0>`TN?@8_1"G0%YS
MV3KDYSXK3%9:NL?3LBK.W*6N%+)1R/D,,)82#DEQ(/0TGBO1EY/V7+56S7&G
MN4>E*>YT;*9K):N2OFA,>'EP:61O;D#.UG!.5,;T2ZSL<,$5BJ*>6EG@KX*Z
M:*NY>I[8?).TC:>9,#:RW9QN&!NYEUBX?L22T4^DC-0QTC(WU<I>*66>1NWW
MN<NF[_:X9YN&%W"20(N+U)>;E37JIC@GGIJ"VP4U14210QR!PDD<TEX<=HM#
M6XPS!R2<G`!I"^WOD(:L5I_[4%6V*%T+-FB,=0V-A&[+L!QVMHG+L<."9)S>
M@KS.?[?-4]5'^Y*[:PR58-RHJNIEJG458Z!E1*QK7R,V&/&T&@#(V\9`'`+A
MWO#]=ZJ(#AX&,.&#]A*U^D_QJO3WA;P'?T^OLOHB+E'0B(B`B(@(B("(B`B(
M@(B((ZB""IA,-3#'-$=Y9(P.;]!5,44\$)I8)HZJW$'-NN;.V81^`XG;C^8D
M>1;!%FM7[EK@EBN6;=V,JX<G+;**/:(EJ+"YK<\E5;570$_>SCOXQY'C=T*I
M4PU]#`*FX43HZ0C:;6P.$]*]O2)6;@/PL+N`2#D'!\BI14#*2:6HM<TUMGD]
M^ZD<&L>>ET9!8[YVY\JWV$^HKMO9<VQ\]?=JK^B(G;;ER3'->QKV.#F.&6N:
M<@CR%96TJK3$!*^HMKHI7;^W;'B-SC]_2//)D])8<GH"H4]#7SQS26]T%YCA
M/?\`:&6U$8_O*9^'M/D&TNHPNE\/?C?E\^;\FFO82[:G*J$2**"H@G<]D4@,
MC#A\9!#V'H<T[Q\X4JV<3$QG"L(B*01$0?,D;)6.CD8U[';BUPR#\ROV.]7B
MP2`T-0*ND#2T458]Q:T9SB.3>YG4=H>0*DBQW+5%R,JH>J:IIW/3;)K>RW(Q
MP53W6RM>=D4]80T/=T,D]Z_Z0?(NJ7@TL<<L;HI8V21N]\Q[00>L%7[7>[[9
M6QLMM=RU+&,"BK29(\=#7^_9\Q(\BUUW`3&VW.;/3>CQ>U*,@=L,.=^P[=GR
MA<C:M?VFKFBI*V&>W5DFYK9RWDGNZ&2Y#2?(<'R+IW3/[:8#25`.P[B&]+?O
ME0JIFF<JH9HF)W+:*'EG_%IOV?6L\J_XM-^SZUY2E5=WA\7R+_28OHS/^+3?
ML^M0.E=V_%[GE^PO\7QF^5!=11.E>.%-,>K9]:QRTGQ6;]G^)!,H)?"Z;JD^
MH(Z:1O"EF=U%O\2ADGE[9ICVG/O#\C+-VX??(+J*#EI,'W)-U9;_`!()I",]
MJ3#R$L_B03J*3'+P=.7>BODSRX\#F/Y3/XE&^9_;%.#2R`DOWES=W>]:"VBB
MY63XM)YS?6L<M+\5D\YGK03*O4#W11_AN]!R^C+)CP:3JVF^M5YY9344GN67
MW[ONF^(?*@O(HN5D^+2><WUIRDF?!W^<WUH)5#/]DI_E?]+EGE)/B[_.;ZU#
M4/D+Z<]KR;I<^^;XKO*@MHHQ)(>-.\?E-]:<H_?[0_SF^M!(H:D$NI\?#-^H
MJ3:=C[&[Z1ZU!4.=FFRPC,S><;MQ\J"RBQD^*3\X0$GB"$&41$!$1`7Q+[UN
M,>^;QZU]J*8G8'$=^WGX[P@E1?)<X`8C)_*";3MWM?[00?2KU_@DG6WT@I"^
M3.Z$D=.V%6KWR]J2>T'BW[L>,$%X\3UK"B,DVT?<QX_"-6.4F^+'\XU!,JUQ
M\!G_``?\PI.4F^+'\XU5KA)+VC/[G([WX1O2$%]WOCUE843I)]H^Y3Q/](U8
M,DW-3$_XC4$RXWLM_P"[F_?(M_>,76\I-N]S'A\(U<;V6GS'L=WT&#9;R+<N
MY0''MC.9('84/@-+GX&/T0IU!0[J&E']S'Z(4Z`O-.R1IL7.]4MTJ;+?+A3P
MTXC:^SU<8DC=M$G,,@W\1AS3Y"."]+7+Z_OM5I^RP5='+20R35<5.9JJ-\C(
MFNSEVPS>[&.`4P*^@67*FI#1OM-UH[8S:=')>:MDE6]Q([T,8,,8`#Q.<\R[
M!:'1ESEN]C96S7&CN#S*]O+T=.^",X(W;+]^1TK?*!KZZS6JOJX*RLH(9ZB#
M')R/&\8.0#S.`.\`Y`._BHQ8+*V:MF%KIN4K6N94'9SR@)RX$<!D[SC&3O.]
M;1$%:WT-);J5M)0P-A@:20T$G>=Y)))))Z25YU+]ONJL?\'S?W)7IR\RF^WW
M57'A1_N2J&D_Q:O3WA;P/?T^OLO(B+E'0B(B`B(@(B("(B`B(@(B("(B`B(@
M*M64-)6$.J8&O>WWL@RV1GX+QAP^8JRBFFJ:9SB<D33%492U5;;IZB$QU+J>
M[QC')LN8/*QX\6ICQ(/GVEI);?'!%(6UD]O<W&(KP-N$^1M7'NQ\HW/2NP3I
M\NXK:872^(L3LGY[?\*%[1MFYNV.%J14T,+9KG1RT<+L;-0XA]._/#9F;EA'
MSCJ7T""`0<@[P1P*ZN*W14KY9;9+-;I)1W_:K@&/_"B(,;OG:M1+96,+]NW-
M:3O[9L[Q3N/X5-)F)Q_!+5TF%^I+5>R[&7SYX^C47M%7:-M.UJT68J:J?/VM
M3U%/63D=[32CM*K/^%(=E_6QY4!J&,J>TZALM+6?%JF,Q2?,UV">L9"W]G%6
M;W!4UM5NJG?"9$X;BBL/`B(@P]C)&%DC&O8[BUPR#U@JW9[G=K'(#:ZYW:XS
MFCJ<RP[\>]W[3.'W)QY%51>*[=-<951FF*IC<[ZT=D&BEQ%?:1]LE`^SM)EI
MW?E`;3?R@.M=I2U-/64[*FDJ(IZ=XRV6)X>UW41N7AO#>$HW36^H=4VRIFH9
MW^^?3NV0_P#";[UWS@JA=T?XVY9Z;_F]W5=WA\7R+_28O.K3KRZ4N(KU1,KH
M@-U31@1R_E1D[)ZVD=2Z^S:AL]\K(S;:UDD@A>'P/!CE8=INXL=AWZL*A<LU
MV^*&:*HJW-\B(L3T*&3PF#J?]04RAD/NJG'D?]003(B("BE'NBG/1M_4I5#+
MX13];_103(B("JU.>VZ'O<^V/W]'M;E:5>HQVQ29`SMNQY.\<@L(B("BF]_!
MP^R?Z7*505/V6E^6_P!#D$Z(B`H:GC3_`"S?J*F4-3G-/NS[<WZB@F1$0$1$
M!$1`7Q)O:/PF_6OM1SG#&[L^V,'[002(B("KU_@DG6WT@K"@KO!7Y&=[?2""
MP>)ZUA9/$]:P@*M<?`9_P?\`,*RJUQ\!G_!_S""T[WQZRL++O?'K*P@+C>RV
M,]CF_?(M_>,79+CNRU_NYO\`S>T-_>-0=50^!4OR+/1"G5:VG-NHSNWT\?#\
M`*R@+C^R16\A9!#%<&PNY>)]3!'6LIIY:?)#FQO<1LDD>3."`5V"X;LC4%94
M/L\E)5V^#EJR*E='4VUM4Z9SG'9&_P"Y'?$M.!Q.1C!F!L.QU-+/IILCZE\T
M7;$H@;+5MJ9(8L][&^1I(<X;^<X!`YEU*YG0<9AM%33OG;)/%731S,90BD;$
M\$#9;&.`QAP/.'973*)!%'+/!"6B:>*(O.&B20-VCY,G>LB6(O>P2L+X][V[
M0RSK'-\Z#[7F,WV_:JZJ+]R5Z9%)'-&V6&1DD;AEKV.#FGJ(W%>:3C_;S5)Z
M11_N2J&D_P`6KT]X6\#W]/K[+R(BY1T(B(@(B("(B`B(@(B("(B`B(@(B("(
MB`B(@(B((ZB""IBY&IACFBSG8E8'M^@JC):@(^2IZE[:?.3253154YZ0(Y,[
M'Y#FK9(LMN]<M\$Y,=RS1<XHS<E5V62FD+Z>FGAAW[J"3MB,?X$I#P/P)#Y`
MJ?)57;`IX6Q5[R,[%(2V<==/)LR>:'+N5!6T=)7Q"&MIH:F,'(;*P.`/2,\/
MF6ZPOU!B+6RO;'SYX-;>T3:KVT3DXEE1"ZH?3;>S4L]_!(TLD;UL=@CZ%*NA
MKK*VII64S:I[X8_L<-:P5<;/P2_OV?D/:M/46:KA8YT<4\)8.]%*_MN)X^3D
M+96_DO?U+H<-]0X>[LKV3\^>+5WM&7K>Z,U9%%$ZI>2QD+:N5N=N.C)=*P=)
M@>&R@=33UI3U,%07-@F:]S3AS`>^:>@M.\?.%N[=^W=X)S:^JBJG?"5$197D
M4<T$,VR98FO+?>N(WMZCQ'S*1$F,]XV=IU%J"TAL=/<35TS1AM/7@RAO5(,/
M'SERZRV=D&AD>(KO0SVYY..6;[?!\[FC:;\[?G7`(JES!VJ]T9,E-VJ'MU!7
M45RIFU5OJX*JG=PD@D#V_2."^I?"Z;JD^H+PR%G:U7VY2224M5\/3/,;SUD>
M^'D.5T5NUE?Z.>(US8+K`S:WG$$X!\H&P[ASAO6J-S`W*>':S4WJ9WO6$7,6
MS7&GJZ402U+[?4DX;%7-Y+:_!?DL=\SLKI^8'F.\>54YIFF<I98F)W"AE\(I
M^M_HJ91R?9H=V=[M_1N4)2(B("K5/A-%\H[T'*RJ]0,U%'Y'N]!R"PB(@*"H
M^R4ORO\`I<IU#/CE*?Y7_2Y!,B(@*&H`)@R>$K2/H*F4-3QI^'V9O'J*"9$1
M`1$0$1$!0U)PQGRK/2"F4-4,L9\JST@@F1$0%!79[5?CCEOI!3JO7^"2<.+>
M/X0063Q/6L+)XGK6$!5KCX#/^#_F%95:X^`S_@_YA!:=[X]96%EWOCUE80%Q
MW9:W]CF_Y^`;^\:NQ7'=EG_=U?OD6_O&H.HM@V;;1-SM8IXQGI[P*RH*#P"E
M^0C]$*=`7+=D04C].F.LFM<,3IX\27*62)C7#)!:Z/O@_=N(\JZE<?K^FNPI
M:>Y6VXW>**"1@JX*!\8/(9)?(UKQO>-PXC=S%('WV-'P.TSL4S*,0QU4S&R4
M;I'Q38(]L#Y"7/SG>3SC',NM7.Z'=7OLCI*Z6NE:^HD=3/KW,,SH#C8V@SO1
MS[AS;^?"Z)!Q.KJ.H??8J^E@JY:R&EC92QFA9/32NY?:<U[BTF,XP2>]P,$$
MXPM+-:ZYU.(!;*IU53>R#KA)VL?=;'U#7-:#_2[31D`9W-QNX+U!%.9DTNG(
MR'7:>."2"DJ*YTM-&^$Q$,Y-C2=@@$`N:X[P.GG7%OV^[K5(>6EWN/WHP/L)
M7IR\RF'^WNJCY*+]R5K])_C5>GO"W@._I]?9>1$7*.A$1$!$1`1$0$1$!$1`
M1$0$1$!$1`1$0$1$!$1`1$0$1$!$1!#54M-61\G5T\4[!P$C`['5GA\RU=98
M()PUHG<Z)O"&K:*EC?P7./*,_)>%ND6:UB+MK@JR8KEFW<XHS<9-9;A22N<U
ML[X,;A3N[9`ZV2%LF.I[NI4>6J8YVTTL,<LSN#*=Y$A_P9`V3Z`[K7H*BJJ:
MGK(3!5T\51"?N)6![?H*W6&^HL3:V5[8:Z]HBU5MHG)PS*F!\[J;E`VH;[Z&
M0%DC>MCL$?0IEOZS3U'44HIF22,A;[R*4"HC9^"V4.V?R2U::33]P@;LPDX:
M-SZ6;:!ZX9R?V90M_AOJ/#W-E>SY\\6LNZ*O4;MJ%%4=-4T[S'6-AC=]RV8F
ME>_J$O>$]4A7T^LBA>R.K;+1R/\`>MJHS%M=1/>N^8E;FUBK-W@J:^JU71.5
M4+*)S`\QX'I16'AAS6N:6N:'-/$$9!4EOJ+A:G[=GN530[\F)IVX7=<;LM^C
M!7PB\UT4UQE5&:8F8W.JHM?W2&0MNU`R:'FFH&=^WKC>[?\`DN/4NKMM^M=X
MJZ=E!>H)9QM$T[HMB49'.QV'#Z%Y4HJBG@J6AM1"R4`Y;M#):>D'B/F5*Y@*
M)VT3DRTWIC>]V,=1DCMD#_"&[]:;$_QD?FAZUXY07S4%L8QE!>)71,X0UH[8
M9CHR3MCYG+J;?V1`UN+U:)H2.,M"[EV8Z=DX>/F#E1N82[1X9_IFINTR[H1S
MYWU.?\(*O4,G[8HAVQOVW9/)CQ"H[/?+/>V%UJN,%46^^C8[$C/PF'#A\X5J
MHSVS2?AO]`JLR0R(J@#?5Y_PFKZ,<W-4D?X;5*B"(QS?&#^;:H*B.;E*;W2?
MLOP;?%<KB@J/LE-\K_I<@R(Y^>J)_P`-JR(YM_ND_FVJ5$$7)S?&3^;:H9XY
M<P^ZG#VUO]&WH*MJ*?C#\J/J*#!CF/"J</\`#:CHYB-U4X=4;?4ID00<E/O]
MUOW_`-VW=^I.1GQX8_KY-GJ4Z(*X@G^.R?FV>I?0AEP?=<A/3L,]2F1!"(I>
M>JD/Y#?4HJB*39;[JD^R,^Y;XP\BMJ*HSL,P<>V,]((,"*3'A4A_);ZDY*3X
MS)YK?4ID00\E+CPJ3S6^I05D,IIG^ZY.+?N6>,/(KJ@K-U,_CQ;P_""#)AER
M?=<O'Q6>I.2DSGMJ7JV6^I3GB>M800B&09S52GK#?4J]PA?VC/FIE/>]#>D>
M17E6N/@,_P"#_F$$IB>''W1*?-]2P8G'^GE'5L^I3.]\>M801")X.>V)3U[/
MJ7)=E2)_\GE_/+2.Q3YP=GQV^1=DN1[*I`['>H">':W^MJ#I;:<VVB/33QG]
M@*RJMJWVNA)!![6BX\?>!6D!<;V3W4C;!1NK)J:.(7&G(96-)II79.&38.Z,
M\2=^"!D$+LEYIV3[O<*&X04\$L[8&T1J8H66X54=34"0`1ORUVR-G:W[N/%(
M'2:`IZ:"QR&DJK;-'-52S%EK?M4M.78S'&>@<3PWN.X+IUJM.U]KN-O-1:*9
M]/3<HYNPZE-.=K=GO2!TC?C>MJ@(B("\RF^WS57_`++]RO35YG/]O>J?_9_N
M50TG^+5Z>\+>![^GU]EU$1<HZ$1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$
M1$!$1`1$0$1$!$1`1$0$1$!P#F%C@',/%I&0?F6KGL=ND)=%&^D>>+J5YBSU
MM'>GYVE;1%[HNUVYSHG)YKHIKC*J,W*U.E2&N=2RP"8\)&M-,\]?)=X[YXUK
M9:.[TK0V2&4D<72Q<HQW5)"#C\J,+O$6TP^F\79_MG"C=T98KW1D\\@K#+,Z
M#M:1\K1WPIW-G`^9A+A\[0I8*JFJ'.9!/'(]IPY@=WS>L<0NUK:"BK@!6T<%
M1C@98PXCJ/$?,M77::HJJ$1<M,`W>WEL5&SU&0%P^9P6[L?5%.Z[3\^?XUUW
M0U4<$YM(BL3:<N,+&MI:AKMD8!CE+<];)=L?0]JU]0+C1.Q6TX;&!GE7L=$W
MZ1ML'SN"W5C3&$O;(JREK[F!OV]]*PBJ=OPM9RDK9(XOA<"2,_EL+F_20K,,
MD<[-N&1DC/&8X.'ZEL::Z:]M,YJLQ,;WQ/3P3D&:)KG#@[@X=3AO'TK:VZ^W
M^VNBY"Z/J88LEL%<.6`R,8V\AX&#TE:]%%=JBOBA,53&YV]O[(K1AEYL\\'3
M/1'MB/K+=SQ]!76VJ_66[N++;=*6IE'&)C\2#K8<._4O&U%/3P5&R9XFO<W>
MUQ'?-/2#Q'S*G7H^F>"<F6F_/B]\4%3]DI?EO]#EX_0WW4-N:QM'>9GQ,_H:
MUO;#2.C)P\><NAI]?R[4'LG97^UOVG2T,@D![TCWCL.'$<Y5.O!W:/#-EB[3
M+T9%H[1JK3]W<V*BND/;!'@TV89A^0_!^C*WI!&X@@^55IB8V2R,*&HXP?+-
M^HJ913YS$1S2M_S4"5$1`1$0$1$!0U1Q&SY5@_:"F4%8<1Q_+1^F$$Z(B`H*
MX9I9!C.]N[\H*=05QQ22'HV?2""P>)ZUA9/$]:P@*M</`9_P?\PK*KUXS13C
M[W_-!9=[X]:PLN]\>M80%R/95S_)WJ#`S[F'IM77+DNRFW:['FH`>:FS]#VH
M.CM8`ME"&\.UXL>8%:56UNV[70O\:FB/[`5I`7.ZMO%RLE.VM@GL]/0CO99;
MA-*PAY/>AHC:<Y'SKHESFN*>&HLC>6IZ6?DJF.1K:FN%(S.\?9"#Q!(V<;P2
M@FTA>I;]:G5TL]#.1,Z(/HN5Y,@`?"-#LY)SNQ^M;U<=V,1$RP54+""^*NDC
MD>*X58>6M8`1(&M!&SL@8'`;]^5V*#67J]45G%&*HO=)65,=-#'&,N<YS@,_
M@C(R?*.<A4'ZLH&23[=+6"!@FY&<1M+:IT3@V1L8SDG:.!D`'!QP7QJ/2L5Y
MJXJ]E=5TU7&^`!S)>]#(Y1(0!C<21G/2&DYPJ4FD*J0/IS<8&TE/VT^@`@)?
M&^9^WF3)PX-.<8QG._&%.P=):KBVX1S[5/+35%-*89Z>4M+HGX#L$M)!RUS2
M"#SK@I_MZU1NW^X_W*[>R4%31]O5%=+!)6UU2:B8T[7-C:=AK`&AQ)QA@X\Y
M*X>6-D6M]3-9D#W&<$D_T)YRM?I/\:KT]X6\!W]/K[+J(BY1T(B(@(B("(B`
MB(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("R"0
M<@D'R+"(*=7:[=5Y[8HH7./W;6[#_.;@_K6GJ])T<[VO94R@M.X3-$I'4_=(
M//72(K%K%7K7!5,,-S#VKG%2XF6P7ND>XP3"JAQN:)`YP^:3!/GJA/45M$QS
MZ^A>Q@XNV71GZ'[C\SBO15D$C(!QE;>Q]18JWLJ_DHW=$V:N'8\\;<*4PMF?
M(8HW<'RM+6G\KA^M66N:]H>UP<T\'`Y!^==1466U3O=(ZBCCE=QD@S$\]981
MGYUIZG1U)RHGH*J6EDYP6@M=UENR[]96YL?4]FK9<IF&ON:'NQP3FH(L2V/4
M5,'.CEAJ@.#=H.S](81YQ6ODKJFD#6W*WRTSSN(<=D?,7X!^8E;BQI3"WN"M
M0N8.];XJ5Z6*.9NS-&R1O0]H/UJQ;ZRZ6HCV*NU72L!SR)?RL)_(?D#YL+7,
MN-&[9#Y>1+N`F:69ZB=Q^8E7&D.:'-(+3SC>%<FFW=C;E+!G52ZNCU_=X'!M
MPM5-618WR4DABDZ]A^6GJV@NCIM;:=K!$'5W:4ID:#'7L,!X\Q/>GYBO,4(#
MFEK@"T\0=X*JUX"W5P[&2+U4;WNC)8GQMD9+&YCAD.:\$'J*SRD?PC/."\&H
MHA;Y736V22BD=Q-,[8!ZV^]/SA;^@U;?Z,AM3';[K%G^FA$$OG,!:?G:JE>!
MN4[MK)%ZF=[UKE(_A&><%\OEC:![9'O<![X=*XJDU[8'$,N-OJ;=_>/@$L6?
MPX\XZR`NEIJRU7*ECJ;9/15D1D8-NG+7C>X<<</G52JBJF<JHR98JB=S9<I'
M\(SS@L<M#G'+1Y_#"P(8>'(Q^8$Y&'X&+S`O*6>5BWYECW??A5ZR:$Q1^W1_
M9H_NQXX5@PPGC#&?R`J]9%%R<?M4?V:/[@>.$$_+0_#1^>$Y:$\)HO/"R(XQ
MPC8/R0LB.,;A&P=30@P)H3PFC\\*"MEA-+*.6CX<SQTA6`Q@X,9YH4%:QG:D
MW>,][XHZ4$YFBR?;8^/CA8Y:'X:/SPOHL9M'O&\?%"QL,\1OFA!\F>`?TT7G
MA0UL\+:28F6+`83O>%8V&>(WS0H:QC.U)QL-]X>8=""3EX#DB>(C/$/"P:FG
M!V340YZ.4"D+6[QL-X]";+?%;]""/MB#..7BST;87+=D^>$]C[431*PGM,C`
M<">(76[+?%'T+E>R@!_)YJ+`'@;N;[X(-]9CFSVX_P#"P^@U753LV^SVXGXK
M#Z#5<0%R_9![9]@&-I:05!?5PMD':`K7,C).T]L1!#G`=/E74+GM;VZONEB[
M6M[6O<*B*25CZIU,V2)IR]KI&[P".A!G10++)R9-1ADS@T3VL6\@;MPB``QQ
M[[GW]"Z!<MV/A2MLL\=+'21MCJI&O;2W%]<P.PW/MC]^>&X;@NI0$1$!>;U0
MQKC4N><49_\`A*](7G-9]NVH]WW-'^Z*HZ2_%J]/>%O`]_3Z^R=$1<FZ$1$0
M$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0
M$1$!$1`1$0$1$!$1`0[VEIWM/$'@41!KJRR6FL(=/00[8.0^,&-P/3EN"M--
MHRCY3;IJR>$^4`GSF[+OI)75(K-K&7[7!7,,->&M5\5,.'EL&H*61QAJ(JV'
MF:7`/'G!N?.5&6:Z4C7.KK5*QK78+@"WTN]^AR]&602.!QU+:V?J+%V]E6U1
MN:)L5<.QYO!=J*:(2B1[&]+V'`ZR,@*Y#+%.W:@E9*WIC<'?4NOJ[7;JT[55
M0P2/\<L`>/RA@_K6HK='VBI80TU$$G-(R3:</G<"?UK;V?JBW.RY1DHW-#5Q
MP59M5P.[BH9*6"1XD=$!("")&$L>#S':&#^M6I]+7>$8HKLR4#@)@6G]>V#^
MI4YJ74M&[$UK%7'SOISO'S`DGZ`MI:TU@KVSM=5*O1^(H_JW5NU!J.W$""\R
MU$(_H:Y@G'G[G_M%=!1]D.JC<1=+'MQ_"T$VT<?)OP?H)7G)O-/')R=3#/`\
M<0YO#YN/ZE:@KZ*<[,55$YWBD[)^@X*L_9PU[AF/1A[5RC>]@H=9:9K"QK;M
M#3ROX158,#\]&'X_45N:LYAB>""UTT>'#@>_'`KP][6O862-#F'BUPR#\Q6*
M(26]^W;:JIHCD.V:>4M82#D$LWM_4L->CY_I*8O^</>47DE'K'5%(0'U-'<(
MQ]S50<F_SX\#Z6K?TW9%IPUOLA9*V(YPYU*YM0T#IQWKOU*K5A;M.^&6+E,^
M+O%7N!Q13G[W_,+4V[5VFKBX1T]XIFS'^AG/(R>:_!6VN'@,SCG&SQ^<+!,3
M&][67>^/6L++O?'K6%`*"N\"J/DW?4IU7KQFAJ!_=N^I!9/$K"R>)ZUA`7*=
ME#_=YJ+\3=]875KE.RA_N\U%^)GTFH-]9OYFMWXK#^[:KJI6;^9K=^*P^@U7
M4!<GK/2)U++23BY/A=3-<!331\K32D\\D>1DCIRNL1!S^B+9<++INCL]Q92"
M2B;R#)*5Q+9F`##R"`0X[\CR<5T"(@(N9UC6WBVTPN-OJ(VTU,&OGBY`2'!>
M-I\A)RV)K=K)8"[/2!A:6IU%>XHI+E%41.@JY:ZGIJ9].,4YA<6QO+AO=G9.
MT#NWC&.><AZ`O.:S[=M1[_N*/]T5UUAJ*PU%VME=4FJFM]2V(5!C;&9&NC:\
M9:W<"-HC=S`+D:MP?K34+F@@&.CXM(_HW=*H:3_%J]/>%O`]_3Z^R=$1<FZ$
M1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`
M1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$&)&ME;LRM:]O0\;0_6M36Z;L
M5:=J:VPA_#;BS&[Z6X6W1>Z+E=&VF9AYJHIJXHS<A)H>D9(7T%UKZ7/,'!P_
MR_7E5Y=/:DICFFN%%7,'W,S#$_Z1N7;HMA9TQC+6ZM5KT?AZ]]+SJ0:DIGAM
M3IR609QMTL@D'ZLJNZ^4D+^3KH:JB?T5,):/I7IJP\![=AX#V^*X9'T%;.U]
M3XBGCIB?^%.O0UJ>&9AYXVNMM6W8%532M/W+G`_J*L0QOILNH:JJHBX;S33N
M8T];?>GYPNDK--6"MR:BT4I<?NF,V#]+<+62Z'M()=0U5PH7<W(U!+1\SLK8
M4?4N'KV7:)]U6O0]VG;14V5%K+4M(S9FFH[B.8U,7)/^=T>X^:M[0=D2D<0R
MZVFMHW<\D&*F/]G#AYJX.;3.HJ=V:.\TU6SQ:N'8/TMRJLL>HJ/PRP22M'W=
M%()1YO%6J,9HV_PUY2K5X7%6]].;VRVZAL=TD,5ONU)/,.,0D`D'Y!P?U*[<
M<BAJ0<@\F[ZE^=I;O9JAPAN#.1D!]Y60EI;\YX+>4%SN$5(Z&TW^K93N&-@3
M"H9CR!^UCYL+/J?:VVZHEA^Y,<49/=CQ/6L+RVCUWJ&!P;6TENKF<[F%]._Z
M.^;]2W479%MP<UM5:;G`".^>UK)6-/Y)S^I8:L-=IWTO47*9\7<+E.RC_N\U
M%^)GTFJ[;-5V.Z.#**XTDDO/$Z=L;Q^2[!_4M?V4#(>QYJ+,#@PT9[[:&/?-
M6'Q>W0V3'L+;<8QVI#P_`:KJH6([5CMCL8S20G_XVJ^H!$1`1$0:VY6.U72>
M&HKZ)D\L3=EI+G#+<@[+@"`YN0#LNR,\RC.G;(ZIK*EUMA=+6->R?:)+7A^-
MOO2<`NP,D`$X&5MD05+=;Z2VTYIZ*(QQEQ>[:>Y[G./.7.)).X#>>``YEP]>
M?]M;^/[JC_=N7H:\\N'VZW_C]BH]_P#AN5'2?XM7I[PMX'OZ?7V2(B+DW0B(
MB`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(
MB`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B#XFBBG:6S
MQ,E:1@B1H<,?.M#6Z.TY5DO]C6T\A^[I7&(_0-WZET*+);O7+?!5,/%5NBOB
MC-Q[M&20Y]C]05T(^Y9,ULS1].%5FLNJJ;/)FVU[1P(+H7?0=WZUW2+8V=-X
MVUNKS_:I7H[#U_UR>;SONC-IMSTS6%K>+HV-G;^I:FYU]J=:KA3PU,]+(^!X
M-.720B0@;@6'<=^-V%Z\M7JB)DVGKIRD;)'"DE+2]H.#L'>,\%LK7U'=KF*+
MM$3FIW-$44Q-5%4P]#L'\PVO=CW'#NZ/:VK8+6Z<=MZ=M#QP=10'_P"-JV2V
M;6B(B`B(@(G1Y3@>4ISXY^A`7G5PR-<WX<QIZ)W[#Q_DO1001D$$=(7G=S/^
MW=[&_P`$HCOZI%1TE^-5Z>\+>![^GYX)41%R;H1$1`1$0$1$!$1`1$0$1$!$
M1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$
M1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!:^_\`\PW3\4F]`K8*A??Y
MCN><^"3</P"LEKO*?W#Q<X)_3N-*G.E[(?\`@*?]VU;9:K2OVKV3\0I_W;5M
M5VSEA$1`1$0<3KYMOGGIJ&HAD$]3`Z,UA@EE;1P[0+G,#`?;B0`T[L8))P,'
MG[Q;[C,;@V@HZIUX=4W*2HE9&YKI:5\9$30_G!')AH!X@[@05ZN"X<'$=16,
MG&,[E.8YW2L<3:J]2T,#H+7+41&E9R1B;NA8'EK2!@;0QPX@KG;D'=W-Y+RS
M:-%1[F]'MN%Z(22<DY*\[NF[7EYW8S0T?S_951TE^-7Z>\+6"[^GYX)41%R3
MHA$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1
M$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1
M$!4+]_,5SWX]R3;_`,@J^J-]_F.Y_BDW[MRR6N\I_</%S@EW&E?M7LOXA3_N
MVK:K4Z4^U:R?B%/P^3:MLNV<L(B("(B`B(@+SR[?;W=^'@%']<J]#7G=U^WV
M\#F[0H_KE5+2/XU?I[PM8+OZ?G@E1$7).B$1$!$1`1$0$1$!$1`1$0$1$!$1
M`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1
M`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0%1OG\R7+\4F]!RO*C?/YDN?#P2
M;C\FY9+7>4_N'BYP2[?2GVK63=CW!3[O\-JVRU.D_M5LG'P"GX_)M6V7;.6$
M1$!$1!K[K=Z&U.I&UDKFOJYV4\+&MVBYSG`?,`2,GRA4JC55GIJFHAJ))XXX
M#*UU283R)?$W:D8'#BYHSNQOP0,D$*QJ&VS72DI8(9(V.BKJ:I)?G!;'('D;
MN<@;ESMST?67'MRAEJZ9EL?4U59`]H<9A+,QS0'#ALM<]SL@Y.X8&]2.GM%U
MAN;)]B"IIIJ=X9-3U4>Q)&2T.;D9(P6D$;_U@A<9=OM]N_XA1_7*NKL5!705
M-QN%S=3=N5SXRYE,7&-C8V;#<%P!)/?$[N<#FRN1N;0S7MX:"XYH*,]\XD\9
M>E4=)?C5^GO"U@N_I^>"=$1<DZ(1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0
M$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1%\
M&:$<96><%,1,[D3,1O?:*/EX<9Y9GG!.7A^&9YP4]BKR.U'FD11=L0?#1^<%
MGEX?A6><G8J\CM1YI$4?;$'PT?G!.6A^%9]*=BKR.U'FD1?`EB)P)&YZTY:+
MX1OTIV*O)':CS?:+X,L0&2\86>49XP4_;K\CM4^;Z1?'*Q^.%GE(P,[6[J*?
M;K\I.W3YOI%\"6,\'CZ"@EC)P'9/D!3[5?E)VZ?-]HOCE8_&_45DO8`'$X!Y
MR#A/M5^4G;I\WTJ-[&;)<A_PDW[MRO*G>&EUHN#0,DTLHQ^05-KO*?W"+G#+
MM-)_:K8_Q"G_`';5MUI=&N+](6%Y=M$V^`YZ?:VK=+MG+"(B`B(@(B("\ZNP
MQV0;L>FVT?I2KT5>=7?_`'@7;_TVC]*54M(_C5_/&%K!=_2F1$7).B$1$!$1
M`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1
M`1$0$1$!$1`1$0$1$!$1`1$09'$=:["Q`FT4`/$PM"X\<1UKKK$]@L]!W[=T
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M@9;YKI5U--#324U,R4Q`4[7M+7%NRT$NV7$9=G<NB@;301-AAY&-C1[UFRT=
M>`LK&F6DGN=Y?=*RBMEF@JHZ;DPZ66NY'+GMVL;.P[<`1ORMSML\=GG!:>IM
M4K[A45U'J&MH#4;'*1P"!S26MV0>_8X\/*L=?:[/\-Z6IFUB\6^TUC(;?3]O
MT3ZLBOKN1:W9+1L-=LG:<=H\PX+Z[K*XT=7=FVE@M='##-.)*@MJ6M?$V1W>
M;.SEH?P+AG!6TMUDMU!%;8VR\L*"E=2Q&8L=EI<UQ<=WOLM'#'.HJZPTE;5U
MLE1=:KM2NV>V:)LD;8I=EH;O.SMX(:,@.&?G7L5W:MC%;+1"F(F9<XJ)H=)@
M2Q/?L<LW=OP[(+>8CCO"K:6UC+>ZFA@E@H@:NGDG`HZPS/I]DCO9FEHV"=K=
MO.\$+85>G[/55%'423$34MP=7Q/;*T';+@YS#TL)`W>0;U>LU';[/;*:VTD\
M9B@8&!SGMVG8YW$8R5.PR;/+O&/TKDM7ZLJK!74='36]E6^H@?,3)4F(-#7-
M;C<TY]\NHY>#X>+\X/6N=U)IRU:@JZ6KJ;G/3R4\;XFFFGC;M-<03G:!YVA>
MJ)IBJ.WN1,3EL:R'7%5/9J*N-+0TDM1<I*!W;=8YL,>PQSMHO#<[]G'#B5L[
M!JE]WJ)8.UFLY.E?.)(YB]DI;,Z/+"0-IAV<AWE^=9M>G+-;:>C@96R3-I*R
M2M89YF.+I'L<P[6X`C#CNZ5:NEMHJZJ95,NL]#4B$TSI*6>-IDB)R6':!''>
M",$9W%15-.<Y;B(EIJ#5UWK:&IN<5LI'45)3P3SL[:>)B)(&RNV.]V3LAQXD
M9QS9727]V;)6D.):8\@YXC(6H&F[.Q\S(;G4P4<\<<<M%%5,;%(V.,1M!W;6
M-EH!P[>ME?IZ=]GK6MGB<3'[UKP2=XY@L5V8[$_I[MQ/:ARQXGK5*[_S1</Q
M67T"KIXGK52Z_P`U5V[/N:7=^05Q=KCC]NHKX9==HK[3=/[R?^SJ?C\FU;M:
M/1..XW3^SP]CJ?\`=A;Q=NY41$0$1$!$6OOU>;58[C<VQ"5U)323!A.`XM:2
M`?(@V"\ZN^/Y0KJ0=_L91Y\^5=58*ZX2UEQMMSD@FJ*/D7\M!$8VO;*PN`V2
M3@M((SG>,'<N&U7>+9;->UDE=5"%LUMIVL)8\[1;)+D#`\H53'TU58>JFF,Y
M_P#5G!U1%ZF9;5%H.Z_3>=]T:.N&0?Z4.K]-@X]DV_-#)_"N7U6_R3TEOOOV
M^:.K?HM`-8:;/_B8_,2_PH=8:<!P;E__`%Y?X4U6_P`D])/OVN:.K?HM`=7Z
M=`R;CN^0E_A3NOTYC/LEN^0E_A35;_)/23[]KFCJWZ+0#5^G#_XB?T>7^%.Z
M_3N<=ONS^+2_PIJM_DGI)]^US1U;]%H#J_3WQY_S4TO\*'5^GAN-<_/XM+_"
MIU6_R3TD^_:YHZM^BY\ZOT]Q[>D^:EE_A6.['3OQZ0_^UE_A35;_`"3TD^_:
MYHZNA1<]W8Z>^.2]?:LO\*=V.GLX[;GS^)S?P)JE_DGI)]^US1U="BY_NOL/
MQBIST=IS9]%.ZZPDX%14D]`HIC_H35+_`"3TD^_:YHZN@1:$:LLCAELM61Y*
M&;^!8[K;&>$M8>JAG_@35+_)/24:Q:YHZM^BT/=79LCOJT9_X"?^!8.K;,.>
MOZO8^?\`A35+_)/0UBUS1U;]%S_=;9NBX?\`+I_X4.K;,/ZP/5;Y_P"%-4O\
MD]#6+7-'5T"+G^ZVT'@RY'JMT_\`"G=;9\XV;E_RZ??^RFIW^2>AK%KFCJZ!
M%S_=9:?@[GCI]C9L>BAU9:<@<E=-_P#^-G_A4ZGB.2>AK%KFCJZ!%H.ZNU<.
M2NF?_39_X5D:IMA<&B"ZEQX`6V;)_934\1R3T-8M<T=6^1:$:IMA.!3W8XXX
MMD_\*SW46WB*>[$?^F3_`,*:GB.2>AK-KFAO46B[I[?\4N__`"N?^%#J>WMQ
MFCO`SPS:Y]_[*:GB.2>AK-KFAO46C[IJ#:+>TKSM#B/8N?\`A3NEH<X[1O)/
M1[%S_P`*:GB.2>B-9L\T-XBT?=+1?$+U_P`KF_A3NFHMH-[0O63P'L7-O_93
M4\1R3T-9L\T-XBT?=+1\]NO8'3[%3?PIW24F<>QM\_Y5-_"FIXCDGH:S9YH;
MQ%H^Z2E_JR^YZ/8J;U)W24QP!:KZ2>;V*F]2:EB.2>AK-GFAO$6C.HZ<?^$W
MX]5JF]2=T<&,BT7\C_TJ;U)J6(Y)Z&LV>:&\1:3NAB_J:_\`7[%2^I.Z%F0#
M8]0@DX`-KDWJ=2Q'))K-GFANT6F-](_\`U%_RN18=?L''L!J(D\PM<B:EB.2
M36K/-#=(M+[/.S]KVH^OV+D6'7]PQ_L]J/><?S8_CT)J6(Y)-:L\T-VBTOLZ
M_P#LYJ3_`)7(AOL@_P#+FI/^5O34<1R2:U9YH;I%I1?9<X[FM29_],?ZU@WZ
M4$!VFM2`DX&;:[CT<4U'$<DFM6>:&[1:47R<@D:8U)NX_P#9KO6OH7JI(R-+
MZD('_P".=ZTU'$<DFM6>:&X1:CV8JMW^R^I-_P#^.=ZU\^S-7C)TIJ4#RV\^
MM3J.(Y)1K5GFAN5\\G'\&SS0M4;O6@D'2>I<_P#IY]:>R]=G'<GJ7]`/K34<
M3R2:U9YH;7DX_@V>:$Y./X-GFA:KV6K^;2.I3_[#_P"RPZ[US1DZ2U(!TFA_
M^RG4L3R2:U8YH;;DX_@V>:$Y./X-GFA:GV6N']D-2_H/_P!D%VN)_P#)^I?T
M'_[*-2Q/))K5CFAMN3C^#9YH389XC?-"U0NMQ_L?J7]"_P#LOEUWN+6ESM'Z
MD`'$FC'\2:EB>236K/-#;[#/$;YH3DX_@V>:%JO92Z<.XW4F?Q1O\2S[)W4\
M-&ZC/_M6C_4FHXGDDUJQS0VG)Q_!L\T)R<?P;/-"U8N5V(SW&:CQ^+-_B1]S
MNS(W2/T;J)K&C))IV;AYZG4<3R2:U8YH;3DX_@V>:$Y./X-GFA:XUUY_L7J+
M/R$?\:=O7G^QFH?S$?\`&FHXGDDUJQS0V.Q'\&SS0FPSQ&>:%KNWKSG'<7J+
M\Q'_`!K!K[P`YSM&Z@#6@DDPQ[@/RTU'$\DFM6.:&SV&>(WS0@:T<&M'S+7=
MN7D@$:-U`01D8BC_`(U]"KO)'VG:@S\C'_&HU'$\DFM6>:&P56Z@FUUP''M:
M7T"H>VKS_8V__FHO_P#11ULEZDHZB(:0O@+XGMR618&6D9SRB]T8'$15$]B7
MFK%69IG^3MM#_:7I[']74_[L+>K3Z0IYJ32=CI:B,QS14,+'L/%K@P9"W"ZQ
MSHB(@(B("CJ(8JF"6GJ(VR0RL+)&.&0YI&"#Y""I$04+5:J*TPOBHV2`2.#G
MOEE=*]V`&M!<XDD!H``Y@%>P-K:QWV,9\BRN>?57%FNJ>A?5,-NEMLTS(&LP
M0]LD;=ISL[SWQQC``Z3O0="=_'>B(@SD])7R`!(9`3MEH:3GF&?65E<O'+72
M:M,%+=9ZB"&5[ZV)VRV"!CH_:X&C&3+G#R<[AG/$!!U.3TGZ4R>D_2L(@SD]
M)^E?./;.4R=O9V<YYLY65R5SK*FGU#12T]VEFI77*.DJJ=LC-F#:C[V(QXVB
M7$M?MYR!S$(.NVG>,?I3:=XQ^E8"(,[3O&/TKYQ[9RF3M;.SG/-G*RN%K]2U
M?=_;+6PU=/;V3R4TC#2/Q52&)S@X/V<;#3LC<?&<<`!!W>T[QC]*;3O&=]*P
MB#.T[QG?2L?=A^T=L#9!SS?_`*$7&W"MKJ?5@EDK!);NVJ6C;305Q8^.21O%
M\.SAX)(/O@=D9'!!VFT_QW?2FV_QW?25\A$'UMO\=WG%?))+VO+G;300#M'<
M#C/U!%Q%?<KDW550UT[V45+645.V..JY-SA*T9]J+2)`YSB"200&][O!0=SM
MO\=WG%-M_CN\XKY1!];;_'=YQ7R=\@D+G;8!:#M'<#C(_4$7-W&GEGU700TU
M;<(MEG;E4&U3Q#R33L-C#.&7NX^1KN<H.FVW^.[SBFV_QW><5\H@^MM_CN^D
MKY.][7ESBYN<':.[/%%Q>H*VNBU,SD*ODZ:`T8>SMDL<.4E<';$/";:&&G)&
MS@XR4';;3_'=]*;;_'=]*^>&Y$'UM.\=WTKY.]S7$DN;G!R=V1A%QFI+A74E
M]>V"65[N2I3311U36-C<Z8M?RD9(+]L;A@.]Z>!WH.TVG>.[Z4VG>.[Z4=@.
M('#.Y809VG>,[Z5@[W-<22YN=DYX9XHN"DJ;A!4W>EK+K--";U14\TQ=R/(P
MR1-+FMV3WC<D#.<[SOR<H.^VG>,[Z4VG>,[Z5I],3.FM.T:AU0QE1/'%*]^V
M7QME<UA+ONMP`SSX6W09VG>,[Z5@]\6N.\MW@D\-V$7/6^.X25NHJ22[SND$
MD/(S!C,P!T>UAC<8&/+G?O.4'1;3O&=]*;3O&/TKG]"U$U7HRQU53,^:>6C8
M]\DCMISR>))/$K?H,Y=XQ^E?):'%I(R6G+?(<8_S65QM;4-MS=3OO5WKGT<1
MI9-J-S8W!KL^U1[.-D..&\03DG:YP'9Y/24R>D_2M)I)_*62)_;<=0#)(6B.
MI%2(6[1+8C("=HM&`3D[_)A;I!G)Z2OD@.V2X9P<C/,5E<I52MI:_4@N=XJV
M4?:U-(9&NV.U6O?*,,V1WHW#+N/$D]`=9O\`*F3TE<YHF9\MKJHWS<LV"MFB
M9(R8S1%@P0(Y';WM&<9._(<.8+HD#)Z2L.:'8VAG!R,\Q65R-?47:WWJ_P`U
M"VINE1['0RTM(7-#6/,LC0T-&.]&,DDY.#OX(.N6&[6#MX!R<8.=W,N9T'/6
MS6JK97FO?415\['2UK&L>\YSN#20`"<8&X<-_%=.@+!:'#>,C(^E97"7N2LI
M]1ZB#;G.UKM.F6+:!<RF)E>W::U@SNQG.]WU(.\((W$$=86%R6@71MI[C202
MT]5!3S1M;74T\LL503&"<&1[][>!P<;QP.0NM0%AS&O:0YH<W=N(R.D+*XW4
MIN5/J"2>W5%3+4.L=<ZGIP>\9*TQ;):W&"XD\3D\!P0=D01Q!'6$PN+['LS7
M&X0PU,57"&4\O;,$\LD9>]AVF'E'.(D&`78(SM#+6G<NT0%@L#QLEH<.C&5E
M<O<H))=<6N"2IJ)*6KM]8QU-MXC;CDAD8P<G:.\G/1A!U):1[YI'6%C`7+:(
MME%3QU]SH8WQP5<[HX&&:1X;#&XL:>_<=[G!SB>@@<RZE`P.A8<UKFD.:"TC
M>"-RRN8O;98]8Z7F;/4N8]]2PTX?B/O8''.SSN)QO/1NQO0=.6XXMQGI'%,#
MH7F_8T?*;G4[54V8R4$<D[8W/)BFY5V6S[6?;\'>1L[@>]X%>D)(8'0L%H((
M+01S[EE<Y?H).Z72U2*BI+.WG1F`.Q%CM>8EQ&-YX#).!C=A!T>S@#O<#FW)
M@="X+0Q>+Q-&QT4I92O%=4,DD+YI^6PUTC7`!C]D.[W><>3"[U`P.A-G(/>Y
M'/N1<-JNJL@U3;J6IF[7N(,$G;<CWXIXQ)G9B:`09'X+3NQLG>>`(=SLX`[W
M`YMR+AM)\C[+PB(.%U#*KV9SM;6WR@Y/;SNXYV<?<\-R[E`1$0$1$!$1`49@
MA-0VI,+#.UAC;(6C:#202T'H)`./(%(B`B(@*@RSVF.N-P9:Z-M:7%YJ!`T2
M;1XG:QG)Z5?1`1$0%7=0T3JQM<ZCIS6-;LB<Q-Y0#HVL95A$!$1`7R^.-[XW
MO8USXB3&YPR6$C!QT9!(7TB`B(@*%U+2NJFU;J:`U+6[+9C&"\#H#L9`4R("
M(B`H7TM-)41U+Z:%U1&,,E=&"]HZ`[&0ID0$1$!8V6[>WLC;QC:QOQT9Z%E$
M!$1`4;X('S1SO@B=-'D,D<P%S.H\1\RD1`1$0%&^"!\L<SX(G2QYV)',!<S/
M'!XCYE(B`B(@+X=#'(U['0L>UX[]I8"'=8Y_G7VM)K"SRWS3U704U0ZFK=D2
MTL[7%IBF;O8<CFSN/D*#=,8&,:UC`U@W`-;@#R!97A]'?=2R6NVZIA<\7?5=
M:*:,0L;.*2GB8>]CCD<UA>]S''>0I;AKK6'L31Q,FAI[I#2U=35=KTT,^VR)
MV&O<3)R<;#P<`2X.X#@IR1F]K6``"2``3Q..*\WT%J;4NI]05)GJ**&UTE+2
M320,@]LD?/3!^`[F:'$GIX!>DJ)2PUK6M#6@-:.``P`LHB`OE\<<C2V2-CVN
MXAS00>O*^D0?,<<<3=B*-D;>.RQH:/H"^D1`6-EISEHWC!W<0LH@^6,9&P,C
M8UC&C`:T``=0"^D1`6,#).!GAG"RB#``&<`#)R<!91$!,#:VL#:X9QO1$&&-
M:QH:QK6M'`-&`/F641`3RHB#```P``,YW#&]91$!$1`1$0$1$!$1`1$09R3Q
M)6$1`60YPX.(ZBL(@SDXP2<+"(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(
M"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(-;/8K)46MMHGM%%);6'+
M:5T#>3:<DY#<8&\GATJ&;3&FYHZ..:P6Q\=&TMIF.IF$0@\0T8W`K<(@IT%K
MMMN+S;[?34ID:QK^0B#-H-&&@XX@#<.@*XB("(B`B(@(B("(B`B(@(B("(B`
@B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B#_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>g697484.jpg
<DESCRIPTION>G697484.JPG
<TEXT>
begin 644 g697484.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@`]1$E32S$S,3I;,#9(3U4P+C`V2$]5
M,3$Y,"Y/5510551=,3$Y,%]005)47T)%3E]/5TY?1DQ/5RY%4%/_VP!#``<%
M!@8&!0<&!@8("`<)"Q(,"PH*"Q<0$0T2&Q<<'!H7&AD=(2HD'1\H(!D:)3(E
M*"PM+S`O'2,T.#0N-RHN+R[_P``+"`$]`H\!`1$`_\0`&P`!``,!`0$!````
M``````````4&!P0"`P'_Q`!6$``!`P("`@H-"08&``(+`````0(#!`4&$0<2
M$Q<A,5%6DY71TA05%B(W0517<7.1DK(8,E5T=92SM.,(-39A=H$C-$*#L<,F
M0R0G,T12<H*AP?#Q_]H`"`$!```_`)O0_HZP9B31Y:;U?+''6W*I69TU1)+)
MK/5)GHBKDY/$B%VVGM&W%:GY:7KC:>T;<5J?EI>N-I[1MQ6I^6EZXVGM&W%:
MGY:7KC:>T;<5J?EI>N-I[1MQ6I^6EZXVGM&W%:GY:7KC:>T;<5J?EI>N-I[1
MMQ6I^6EZXVGM&W%:GY:7KC:>T;<5J?EI>N-I[1MQ6I^6EZXVGM&W%:GY:7KC
M:>T;<5J?EI>N-I[1MQ6I^6EZXVGM&W%:GY:7KC:>T;<5J?EI>N1>C^PVC#FD
M[%ELLE$RDHVT%"](FN<J:RK)FNZJJ:H`````9OIJIH:ZS8<M]4S9*2KQ#0P3
MQ9JB21N<J*U<O$=&T]HVXK4_+2]<;3VC;BM3\M+UQM/:-N*U/RTO7&T]HVXK
M4_+2]<;3VC;BM3\M+UQM/:-N*U/RTO7&T]HVXK4_+2]<;3VC;BM3\M+UQM/:
M-N*U/RTO7&T]HVXK4_+2]<;3VC;BM3\M+UQM/:-N*U/RTO7&T]HVXK4_+2]<
M;3VC;BM3\M+UQM/:-N*U/RTO7&T]HVXK4_+2]<;3VC;BM3\M+USAO>B31W36
M:X5$&&8&2Q4TCV.2:7<5&JJ+\[A+!HI\&V%_LV#X4+<```````````````#-
M_P!G[P26#_?_`!Y#2````````#/[!X7\7?9U!_V&@`````&>Z7O\MA'^I[?\
M:FA````````$;B/^'[I]4F^!2$T5>#?"_P!FP?"A;0```````````````9O^
MS]X)+!_O_CR&D````````&?V#POXN^SJ#_L-``````,]TO?Y;"/]3V_XU-"`
M```````(W$?\/W3ZI-\"D)HJ\&^%_LV#X4+:```````````````#-_V?O!)8
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M.H/^PT``````SW2]_EL(_P!3V_XU-"````````(W$?\`#]T^J3?`I":*O!OA
M?[-@^%"V@```````````````S?\`9^\$E@_W_P`>0T@B\1V6CQ#9JFT5ZRMI
MYT1%="_5>Q45%1S5\2HJ)ND;+@ZV.N+*R"6HIF:D+)((=5&2I%_[/=5JN;DF
MXNJY,TW%.-F`Z)JU$O;6XK4RHQFSN6)7JQJJNJ_O,ID7/=61'+_//=)%N%+8
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M\R.M^CR*GJJFGDN-5VF6.BB92MD:NSMIT7))55N>Z[+/55,TW%-`!G]@\+^+
MOLZ@_P"PT``````SW2]_EL(_U/;_`(U-"``*II*ENL6$YVV2L=27*:IIH8)F
M_P"ESYV-]BYY+_)2F38]N$MXI;Q39K;(K6]):/6R1U5G`KT5>%B2HWTYEGK\
M67-U[=9K90TCIDKY:599YG(UK64T4RNR1-U?\35R_EGGXBNX<Q/?8:&RT[__
M`$VY7*EH'+)4U"K$UT_9+U?JHU%W$BWD7)=Q$RRS70<+766]6*GN$\#()W.D
MCD8QRN:CF2.8N2JB;BJU53/A*:F*KY2MJX:6*"KE;/=IU?52.:C(J:9J-C1&
MIXT?DB^++/=WB9P_BFOO57#40T5+':9:AU*BR5&4Z/;'KJ[5WE3-%;JIWV2:
MV]N)<0`"-Q'_``_=/JDWP*0FBKP;X7^S8/A0MH```````````````,W_`&?O
M!)8/]_\`'D-(``!5,:5$-'<,+5M2_8Z:&YN6614548BTL[45<M[=5$_N<6,+
MO;ZVU6ZII:E)88+G0U$CVM<J-C[(RUEW-[O'>C(^N++I#><)7&"QU$E5-)#K
M*RFUM=\37L29&KE\[4541$W<UW!8KAA=+M)-8H=6F;2PPR5%*W5ILW/1(HU:
MFXLB9\&;47)<LT+F```9_8/"_B[[.H/^PT``````SW2]_EL(_P!3V_XU-"``
M/C54U/5QMBJ862L:]DB->F:(YKD<U?2BHBI_-".DPW89(98'VBC=%+LVNU8D
MR=LJHLN?_P`RHBKPY(?MNP[9+;J=A6V")S9'R(_+-RO>U&N<KES555$1%55S
M5$0^L5DM$3J=\=NIF.IVQMA5(T_PTC1R,1.#51[T3@UEX3]I+/;Z.J2II:=L
M+DC=&C6)DU$<]7NW.%7*J_\`]4=I[7K/=V!3YO29'+J)NI*J+)[RHBKPY'*W
M"V'VU3ZM+33),^-8E75W-56(Q=S>158B-5=_),L\B98QK&-8Q$1K4R1$\2'Z
M`"-Q'_#]T^J3?`I":*O!OA?[-@^%"V@```````````````S?]G[P26#_`'_Q
MY#2```!D,@```#/[!X7\7?9U!_V&@`````&>Z7O\MA'^I[?\:FA````````$
M;B/^'[I]4F^!2$T5>#?"_P!FP?"A;0```````````````9O^S]X)+!_O_CR&
MD````````&?V#POXN^SJ#_L-``````,]TO?Y;"/]3V_XU-"````````(W$?\
M/W3ZI-\"D)HJ\&^%_LV#X4+:```````````````#-OV?O!)8/]_\>0TG-.$9
MIPC-.$9IPC-.$9IPC-.$9IPC-.$9IPC-.$9IPC-.$9IPC-.$9IPC-.$S^P>%
M_%WV=0?]AH`````!GNE[_*X1_J>W_&IH6:<(S3A&:<(S3A&:<(S3A&:<(S3A
M&:<(S3A&:<(S3A&:<(S3A&:<(S3A&:<)&8C5.Y^Z;O\`[I-\"D+HJ\&^%_LV
M#X4+:```````````````#,+'HTO=AM<%IM&D.[4M#!K;'$VD@5&YJKEW5:J[
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M];++41$_U%P`````*WCC#"8JMM)2)<9K?-25D5;#40L:YS9(\]7<=N;ZY_V(
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M9M$=@P_;;+%,Z:.AIV0-D>B(KD:F6:HA*````````````````````+O*4#1O
M^_L??;KOP8R_@`!51-]<CRDD:IFCVJBKEFB^,_<TX3]147>4``````!51-]<
MCRDD:IFCVJBKEFB^,_<TX3]147>4`%`Q[_&VCW[2G_+O+^F\@```````````
M`````````````"[RE`T;_O['WVZ[\&,O^8S&8S&93,=0U%75T=$Q*A89Z&O8
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M$[UJO1/Y)(LB?V4L&8S&9G^//XVT>_:4_P"7>:`F\@``````````````````
M``````!1J_1I8ZRZ5US2OO=+-73;-.VDN,D+'/R1,]5NYO(A\=J^S_3F)^>9
MND;5]G^G,3\\S=(VK[/].8GYYFZ1M7V?Z<Q/SS-TC:OL_P!.8GYYFZ3R[1;9
M79:U[Q,NJN:9WF;<7AWS]VKK-].8GYYFZ1M76?Z<Q/SS-TGXW1;96IJMO>)T
M3@2\S=)ZVK[/].8GYYFZ1M7V?Z<Q/SS-TC:OL_TYB?GF;I&U?9_IS$_/,W2-
MJ^S_`$YB?GF;I*BS!=*NE&;#:W[$G:]MD96HG;:;6V59U8N[GO9)O%NVK[/]
M.8GYYFZ1M7V?Z<Q/SS-TC:OL_P!.8GYYFZ1M7V?Z<Q/SS-TC:OL_TYB?GF;I
M&U?9_IS$_/,W2-J^S_3F)^>9ND\NT6V5V6M>\3+JKFF=YFW%X=\_=JZS?3F)
M^>9ND;5UG^G,3\\S=)^-T6V5J:K;WB=$X$O,W2>MJ^S_`$YB?GF;I&U?9_IS
M$_/,W2-J^S_3F)^>9NDZ+9HWLEOO%#=DKKU55-"]TD"5EQDF8URM5JKJN_DI
M=P````````````````````````````````9[%X=:G^F(_P`TXT(`````````
M```````````````````````````````SV+PZU/\`3$?YIQH0````````````
M```````````````````````*-=<?.I<07&QVW"UZO$]OV-*F2C9'J1N>W6:G
M?.1=X^/=Y>?-OBCW(>N.[R\^;?%'N0]<=WEY\V^*/<AZX[O+SYM\4>Y#UQW>
M7GS;XH]R'KCN\O/FWQ1[D/7'=Y>?-OBCW(>N.[R\^;?%'N0]<K#+WB)ND6;%
M2Z/L1]BOM#*!(M2+7UTF5^M\_++)2S]WEY\V^*/<AZX[O+SYM\4>Y#UQW>7G
MS;XH]R'KCN\O/FWQ1[D/7'=Y>?-OBCW(>N.[R\^;?%'N0]<=WEY\V^*/<AZX
M[O+SYM\4>Y#USZVG'SZS$ENL%PPK>;345[)7P/K$C1KDC;K.^:Y5\:>TO0``
M````````````````````````````!GN"O";I(]?0?EC0LDX$&2<"#).!!DG`
M@R3@09)P(,DX$&2<"#).!!DG`@R3@09)P(,DX$&2<"#).!!DG`@R3@0SW%GA
M:T?>HN?X49H0``````````````````````````````!GN"O";I(]?0?ED-"`
M```````,]Q9X6M'WJ+G^%&:$```````````````````````````````9[@KP
MFZ2/7T'Y9#0@```````#/<6>%K1]ZBY_A1FA````````````````^53+L%/+
M-JZVHQ799Y9Y)F9AAV_Z5<1V2COENH,(1T=;'LL3)YZG9&M55R1V3<L]SQ$E
MLFF+R3!/+U75&R:8O),$\O5=4;)IB\DP3R]5U1LFF+R3!/+U75&R:8O),$\O
M5=4;)IB\DP3R]5U1LFF+R3!/+U75&R:8O),$\O5=4;)IB\DP3R]5U1LFF+R3
M!/+U75&R:8O),$\O5=4;)IB\DP3R]5U1LFF+R3!/+U75.*7$VD&S7ZR4.(J+
M#:TMREEB1U!).Y[59$Y_^M$3+<3A-/```````,]P5X3=)'KZ#\LAH0!PWFZT
M%DML]TNE2VFHH$1997(JHU%5$3>15WU0Y;KB2R6B6**XW".%\L+ZAB*BNSC9
MJZSMQ%R1-9/_`-13N[/I.V7:S9D[,V'9UBR7-(];5UN#?W/[+P'#1XCM5;6+
M1TLE1+(DKX5<VDEV-'L54<FR:NKN*U4W]]"8S&8S.:X5M+;J*>NK9DAIH&*^
M21454:B>/<%174M/4TE+-,C)JMSF0L5%[]6M5RI[$5?[''<L06BV5*TU;6)'
M*V'9WM1CG;'%GEKO5J*C&YY]\[)-Q>!248YKVH]CD<U4S147-%0_0#/<6>%K
M1]ZBY_A1FA````````````````YKC^[ZKU3_`(5*CH;\&&&OJ;?^5+N`````
M`9QI,_BC`_URJ_*O-'```````,]P5X3=)'KZ#\LAH0!7L=6N:\X:J+;#3I4+
M-+!KQ*J(CHTF8YZ;NY\U'%*MF#KQ4W:C6^TFO2T\-3:=DV5JJZB2)61O7)<\
MY%<JJF^F29EDT?6B\T4-978B:B7238Z1%21'ZT$#=5C\T\;U5\BIXM?+Q$;8
M[9>*&2M@EIKZUTE96R1HV:!:35DDD<Q<M;7RR<B[V>9!S82OU%;Z*.DHY4@=
M0V];G"CVS+4S,639M9CGHDB[L:NS5-9&Y9KDB'FXX<O4-GDKIW3T_85HJ%@D
MGJ49V.]T[G(G>N5&.2%5:CMW41<M;<S(?9)8JBOFPFQ]"UURIZ&@IGU2.:NS
M4VI+JHUSFYL5S951%7+455RS4TJ^44UPT?W2S6NCJ'2QT\E'`R9R(Z;4[U%1
MRKDJ+EOJOI/G=IKI676Q7.+#ER2.WU4KI8W.@1ZM?`]B.;_B9*FLJ(NZB[IS
MJMXH;G>Z]F&JJL2\11.AB<L6<3V,6/8IN_R1B[CLTUDR<[Q[BW2@B?#0TT,K
M(62,B:US8&ZL;51$14:GB;P)P'0`9[BSPM:/O47/\*,T(```````````````
M'-<?W?5>J?\`"I4=#?@PPU]3;_RI=P`````#.-)G\48'^N57Y5YHX``````!
MGN"O";I(]?0?ED-"````5$5,E3-%/C'34\21MC@C8D>>HC6(FKGOY<!]@``#
M/<6>%K1]ZBY_A1FA````````````````YKC^[ZKU3_A4J.AOP88:^IM_Y4NX
M!G-?=[I!?*G"BULK:JHN453!.KD1S*!4663)>!JQ21Y^+7:5VBQE>)Z#%<\M
M36,2NM53=+2LD#H^QFQZS=1BN1$=WBPR9IG\Y2X62:[6VMJZNJ@O?:=U/$C(
MJS*JG6=576<Q(E>J,U=7/-=_>1-W.5PC6556M\[)F=)L%UJ(8];_`$L;JY-3
M^29GRH*ZKDFQ@U\[W)25>I!G_P"6WL2)^2?_`%.5?[D7/=;B_!6$LJZ2"HNR
MT5/45J(BO8DD>LYR9HJ(YRIJHJIN*_/?R+%8_P#`K[G0)=UK6PNC>D,F;I:5
M'-SU7/5>^1<M9,]U$7QID30!G&DS^*,#_7*K\J\T<```````SW!7A-TD>OH/
MRR&A````````&>XL\+6C[U%S_"C-"```````````````!S7']WU7JG_"I4=#
M?@PPU]3;_P`J7<`X:JTVVKJ75530P2SNIWTRR/8BN6)WSF9__"N6\>:FS6JJ
MAA@J+?32Q0Q.AC8Z-%1C',U'-3@16[BIP'>B(B9(FYP'!'9[?%7,KHJ=L<S7
M2OS9N:SI-77<O"JZJ'PGPW8ZBX/N,ML@=5O<CWRY;KE1$1%7AW$1/0A\8<)8
M;@IIZ6*STK:>>)(I(M7O58BHJ)EXLE1,LM[)"0M5KH+3`^"WTS86/>LC\E55
M>]=]SG+FKEW$W57Q(=H!G&DS^*,#_7*K\J\T<```````SW!7A-TD>OH/RR&A
M````````&>XL\+6C[U%S_"C-"```````````````!S7']WU7JG_"I4=#?@PP
MU]3;_P`J7<``````SC29_%&!_KE5^5>:.```````9#;,68<PUI/T@-OMWIJ!
MU1-0K$DSE371*9$7+T9H6?;4T>\;+=[Z]`VU-'O&RW>^O0-M31[QLMWOKT#;
M4T>\;+=[Z]`VU-'O&RW>^O0-M31[QLMWOKT#;4T>\;+=[Z]`VU-'O&RW>^O0
M-M31[QLMWOKT#;4T>\;+=[Z]`VU-'O&RW>^O0-M31[QLMWOKT#;4T>\;+=[Z
M]`VU-'O&RW>^O0-M31[QLMWOKT#;4T>\;+=[Z]`VU-'O&RW>^O05FIQ3A_$V
MEG`ZV&[4]>E-!<=FV%574UHF99^G)?8:Z```````````````#FN7[OJO5/\`
MA4R71=I$P5:M']@M]PQ)0T]7!2HR6)[EUF+FNXNX6S;4T>\;+=[Z]`VU-'O&
MRW>^O0-M31[QLMWOKT#;4T>\;+=[Z]`VU-'O&RW>^O0-M31[QLMWOKT#;4T>
M\;+=[Z]`VU-'O&RW>^O0-M31[QLMWOKT#;4T>\;+=[Z]`VU-'O&RW>^O0-M3
M1[QLMWOKT#;4T>\;+=[Z]!4,5XOPUB3%N#(;'>:6NDAJJI\C87*JM1:9Z(J[
MALP``````!\)*2ED>KY*:%[UWW.8BJIY[`HO)(.3;T#L"B\D@Y-O0.P*+R2#
MDV]`[`HO)(.3;T#L"B\D@Y-O0.P*+R2#DV]`[`HO)(.3;T#L"B\D@Y-O09_%
M2TNWC4Q=CQ;'W,QKJZB99]E.W<C0.P*+R2#DV]`[`HO)(.3;T#L"B\D@Y-O0
M.P*+R2#DV]`[`HO)(.3;T#L"B\D@Y-O0.P*+R2#DV]`[`HO)(.3;T'J.DI8G
MH^.GB8]-YS6(BGW````````````````5,TR7>.;L"B\C@Y)O0.P*+R2#DV]`
M[`HO)(.3;T#L"B\D@Y-O0.P*+R2#DV]`[`HO)(.3;T#L"B\D@Y-O09_BJEI6
MZ5\`,;3Q(QT%RUFHQ,E_PF;YH'8%%Y)!R;>@=@47DD')MZ!V!1>20<FWH'8%
M%Y)!R;>@=@47DD')MZ!V!1>20<FWH/3*.D8Y'LIH6N3>5(T14_\`L?<`````
M``````&>Q>'6I_IB/\TXT(```@,2WV:U.C@I*-U54NI:FJ2-J*JJV)F>2(B*
MJJKW,;N<*E?[L+JE&JLIJ66KIHIZJMC?'+3K%'$D:K&C7]]KJDJ*BKWN7I.B
M#&<[;A)3W.@CML"3Y-GJI%C:D2*Y,U5R(BN7_#RU5<U=D3=[UQ9[3<'5RUT<
MD:,EI*I].]$WER1'-7^[7-7TYD@```````````",O-R6WNM\3(]DFK:ME.Q%
M7>W%<Y?[,8Y?85*V8MO=?3T].VBIH;O5R,2.EJ89H$IV+'))K/UDS>BI$K45
MJ)NYY[Q^P8[JY7,DFM"4=)/#')#45$BM8W6:QSG.<J(U6HBO^:JJFQ[J)K(6
MNVW5E=7UM*S4<R%D,T4L:YMDBD:JM=GO;[7[WB1"4````!GN+/"UH^]1<_PH
MS0@``````````````#*,0WRCPUIB?=+G#6]ARX>C@9)3TDDR:_9#W9=XBY;A
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M.:.8K)>Q:[9(T:CD:UC_`)S6HCW)DBHF3EX3IJ<9Z.ZFG@IGTMY;#3PMA@;%
M;:IFPM:YKFZBM:BM5%8S=3=[U#U9L=X)M$U3)3=N$9(R**-G:FHRBBC;DUOS
M<UW7/<JKOJXE]M?"?!>.::CJ#;7PGP7CFFHZ@VU\)\%XYIJ.H-M?"?!>.::C
MJ#;7PGP7CFFHZ@VU\)\%XYIJ.H-M?"?!>.::CJ#;7PGP7CFFHZ@VU\)\%XYI
MJ.H-M?"?!>.::CJ$"N)+?BK2G@R>T0U[HJ*&O2=\]%+"C=>-NKNO:F>>JIKH
M```````````````R&7I]HR]/M&7I]HR]/M&7I]HR]/M&7I]HR]/M&7I]HR]/
MM&7I]HR]/M&7I]HR]/M&7I]HR]/M&7I]HR]/M&7I]HR]/M&7I]HR]/M&7I]H
MR]/M*CI53_U;XH^S9_A4F\.)_P"'[7]4A^!"3R]/M&7I]HR]/M&7I]HR]/M&
M7I]HR]/M&7I]HR]/M&7I]HR]/M&7I]HR]/M&7I]HR]/M&7I]HR]/M&7I]HR]
M/M&7I]HR]/M&7I]HR]/M&0```````````````````````````!4M*O@WQ1]F
MS_"I-X<_A^U_5(?@0D@``````````````````````````````````"K:2[[6
M89P->+W;VQK5TL2+%LC<VHJO:W-4\>6MF0[;-I/5J+W:V?=3Z'_4/WM+I/XZ
MV?F;]0=I=)_'6S\S?J#M+I/XZV?F;]0=I=)_'6S\S?J#M+I/XZV?F;]0=I=)
M_'6S\S?J#M+I/XZV?F;]0X;WA+2+>K16VFNQI:5I:R%T,J,M"M75<F2Y+K[A
MTTF'M)=+2PTL.-;0D<,;8VYV=57)$R3_`,S^1]>TND_CK9^9OU!VETG\=;/S
M-^H.TND_CK9^9OU!VETG\=;/S-^H.TND_CK9^9OU!VETG\=;/S-^H.TND_CK
M9^9OU!VETG\=;/S-^H2.BV]W'$6![?=KJ^-];*^=DCHV:C5U)GL3)/%N-0MX
M``````````````````````````````,_TZ>"G$7J8_Q6%^C^8WT(>@``````
M`%,]T&>#.U^NJ_S,IH0``````````````````````````````,_TZ>"G$7J8
M_P`5A?H_F-]"'H```````!3/=!G@SM?KJO\`,RFA````````````````````
M```````````S_3IX*<1>IC_%87Z/YC?0AZ````````4SW09X,[7ZZK_,RFA`
M``````````````````````````````S_`$Z>"G$7J8_Q6%^C^8WT(>@`5>]8
MI[58PL=@DI46"Y1RJM3KY;$],D8U4RW=95R].1&6/';KI<&L=0,BH)+K-;8J
MC9<U<J1-DB?EEN(_OT3T-X3MDQ9*F"+CBJ.CC6*%L\E,QTBHDL3'JUCU7+<U
MD36\>XJ'PH,:(VNK*&OC@JI(6Q.B?9W/JDD5^OWBHC<VO1(W.RWM547</I<]
M(%AH[?45=-V57+#0MKU9!32+_A.SU%5VKDU5R7<7=W%X#O3&-B[8.H7U$T;V
M2+"^66G>R)DB1[*L;GJB(CM3OLE\2+X]P^*XXL#:9)W25;5=)'%'"M'+LLJR
M(Y8U:S5S5'(QV2[VXN\=UFQ';+S4RP4*U#M1%<V1].]D<K4<K55CU3)R(Y,M
MS^7B7,F@`%,]T&>#.U^NJ_S,IH0``````````````````````````````,_T
MZ>"G$7J8_P`5A?H_F-]"'H`%9Q/A.&_S.G=73TLW8BT\4D2)K1.V6.5LB*O^
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M8YCFQ4Z0[*JOUMDE1JZKY/%K(UNXJYHN9:0`%,]T&>#.U^NJ_P`S*:$`````
M`````````````````````````#/].G@IQ%ZF/\5A?H_F-]"'H```````!3/=
M!G@SM?KJO\S*:$``````````````````````````````#/\`3IX*<1>IC_%8
M7Z/YC?0AZ````````4SW09X,[7ZZK_,RFA``````````````````````````
M`````S_3IX*<1>IC_%87Z/YC?0AZ````````4SW09X,[7ZZK_,RFA```````
M````````````````````````S_3GX*<1^I9^*PS-/VCW-1&]QR;FY^\?TC]^
M4@_B<G./Z0^4@_B<G./Z0^4@_B<G./Z0^4@_B<G./Z0^4@_B<G./Z0^4@_B<
MG./Z0^4@_B<G./Z0^4@_B<G./Z0^4@_B<G./Z0^4@_B<G./Z0^4@_B<G./Z0
M^4@_B<G./Z0^4@_B<G./Z0^4@_B<G./Z0^4@_B<G./Z0^4@_B<G./Z0^4@[-
G/_!R<X_I&C:!9-ET66:7++9'U+\N#.HD7_\`)HH``````````/_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>g432140.jpg
<DESCRIPTION>G432140.JPG
<TEXT>
begin 644 g432140.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@`V35),3%]'4D%02$E#4SI;359?3TE,
M7U1255-474-!5TQ%65]'24Q,15-0245?4TE'+D504__;`$,`!P4&!@8%!P8&
M!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@&1HE,B4H+"TO,"\=
M(S0X-"XW*BXO+O_```L(`$P!GP$!$0#_Q``<``$``@,!`0$`````````````
M!08#!`<!`@C_Q``\$``!`P0!`P($!`0#!P4````!`@,$``4&$1('(3$30111
M88$5(C)Q%D)2D2,D@B4S8J&QP>$()D-RT?_:``@!`0``/P#](TI2E*4I2E*4
MI2E*4I2E*4I2E*4I2E*4I2E*4I2E*4I2E*CT7JT+NRK,BYQ%7)*"XJ(EY)=2
MGMW*=['D5(4I2E*4I2E*4I2E*4I2E*4I2E*4I2E*4I2E*4I2E*4JE]3,DG6*
MTQH5C:2]D%W?$.WMJ_E61^9PC^E`[GV\;JG9)A,3#L&8R*`A#N2V1U%QD7+6
MG9AY;?"U'N4J2I?8_(5V&.ZW(8;?:5R;<2%I/S!&Q62E*4I2E*4I4;:[:]!F
M7-]=RE2FYCX>0T^KD(_Y0DH1\D[&]>Q)J2I2E*5I6ZZVRY^M^&W"-+#*N#A8
M="^"OD=>#V/]JW:4I2E*4I2E*4I2E*\4M*`"I0&SH;/O7M*4I2E*5S?'&OXD
MZG7[(WP51;#_`+(@`G\H=URD+U['NE._E4EUBEQ8?3/)%RT\D.0EM(&M_G7^
M5']E$'[58L8V,<M(4HJ5\&SLGW_PTU*4I5?S"^2K/!9;M<),^\37?1A1%.<`
MXK14HJ/LE*4J)/T`]ZE+/-%RM,&X!OT_B6$/<"=\>20=;^F]5N4I2E4*XSY4
M7K%9HAEO)ASK-(2(Y4?36ZAQ*M@>.7$GO\JOM*C,@OEKQZVKN5XEIC14J">1
M!45*/A*4C94H_(`FMR#+C3X4>=#>2]&D-I=:<3X4DC8(^U9Z4KP@$$'P:AL1
ML$?%\>AV*(ZMV/%YAM2P-Z4M2M'7RY:^U35*54K]+>1G^)P6UJ#;S$YUQ(WH
MA*&P-_==6VE<QN;3W43*I]E$N1'Q:QN);E*BNEM4V9K?#F.X2WVWK^;7VW7[
MA?\`!`A5W>>OF+H`"[BI.YD(>.3P'9U`]UI`4!LD'S5]COLR6&Y$=U#K+J0M
M#B%!25I(V""/(-9*4I2E*4I7.NL,5NX1\3M<A]UF/-R".TXME92L?X;A3Q(\
M'D$Z-6/"KK)N-K=C7%05=+:^N%-(3Q"W$:TX!\EI*5C_`.U6*E*4I2AKG_1X
M$6&[J6`'E7R>7=?U>L=_]JDNI^+RLPPV;8X4P1)+I0I#BU*">RAL*X]R"-BH
MPYQ9\=?8L/PLV1!M@9ASKHTT/A82^(2E*U;[>V];"=C==`!"@"#L&O:5S:7<
M1)Z@WZZN.I,+$[20@'](D/)+BR3OV0VD?ZC5EZ=AP8'C9=24N*ML=2P3O1+8
M)_ZU9*@,KR>'C:;8A]EV1)N,UN''89UR4I1[GO[`=S_YJ?I4'FJI"<.OYAA1
MDBWR/2""0KEZ:M:UWW7"I^<VYN9TAN"I7Q$N%&'XBX%\BRAU"&25GV).SW[]
MOK7=[KD=MM5[LMEF+6F5=U.(C:3M.T)Y'9WV\]OK5%ZXY3=K+:XENL$CX:>^
M')CL@$CT8[`"E>/ZB4I'SV1[UFN<^/<<\NLZYA*K3AD!,KTE>#*<05^IKP2A
MM.A\BHFK1T[@NVO!;%$E'B\W";+@/\A(Y%/VWK[5O8[DUAR5I]VQ76/.1'<]
M-WT5;*%?4'OHZ['P?:I=2DI25*(`'DFA(`V3H5HVN\VB[%\6NYPYICJX/?#/
MI<]-7R5Q)T>Q\ULIE1E2UPDR&C*0A+BV0L<TH)("B/.B01OZ&L9N,`7%-L,V
M.)ZFRZ(Q='J%`.BKCO>M^];5*X5<^HC,[J;99ENM[3T&-&F1H[DJ:U'^+47&
MT*4UR/G:-)"BGEWUK5=U'<5&9'=6;%8+E>9&O2A1W'R"=<N*20/N=#[U"=,+
M.]9L,M[<P?[0E!4V8KW4\Z>:M_ML#[5:GDM.(++R4*0X"DH6`0H:[C7OVW5`
MZ<MFSY+EN(1W5JMEM<CR(3:E;^'0^A2BT/?B%))'T-6'-<HCXK:FYCD1^;)D
M/HC18<8;=D.J\)2/V!/VK-BF2VS*+"S>[>M26%["T.CBME:>RD+'L0?_`-J`
MQ3JAC&37ERT0UR&)!*_A526^")J$D@K:5O\`,.Q[=CV\=CK=R_/+-B\^+:Y3
M<N3<YK2EQ(L9DK4^H$`(!'@DGW[=CNO<:R\3\<N=VO<,6I^TO/LW!@NAP,EL
M<CI0_4.)2?O5=Q/J7(NV7Q+#=+6S`_%(AF6]M+Q6^A`!(#Z=:2I21S`![#L?
M-=/I2JR,K;1G*L1EP'H[CL7XF'*4H%N4!^M(^2D[\?(;[=MPW6/_``,9@7?1
M(M5WA33KV"7@D[/L-+-9X+IA]6[M!:`]*X6=B:X/DXVZIK?W24C_`$UGS+J#
M8<1NMHMET<4'K@Z$DI(U';)UZKA/A/+0_O\`*K5"EQ9\5J9!DLR8SJ>3;S*P
MM"Q\P1V(KDG6C*KM:KC&@VJY2(2X<%5S*8Z=JE.^LAEED_-!4LE0]P*Z^RI:
MV4*<1P64@J3\CKN*^Z4I7.\0>_A_.\EQ>9IL722J\6U1/9Y*P`\@>P4E:=Z\
MZ434SU(R%[&\5D2X20NY2%HB04$;"GW#Q1]AW5]JB;RW%Z=]*9Q3$;N7PL8F
M2EXZ$QUQ0#BUGN3R*B3].U:>.90QBG23'KM=UO3/40RRRAE"N:O45IM`YZ)X
MIT"3YX['D5T&7<[?#F0H4J6TU)FK4B,TM6E.J2-D)'OH=ZBHN56^5F4[$FFW
MC-AQ$2G%D#AQ40./G>^X/WKBS]Z;7T_OS:9`9GYC?)@2L]PU%0H)=<W_`$(:
M;5_?M6_*1,DVNTYH[)DQ;D]+C,XO94.E*4QPXE.E('92EM\E*/A*2/VKN*;A
M!5$>F(F,+C,\_4=2X"E'']6R/&M'?RKC.`WA74CJO<,G"5&QV!@Q[:E0U_B.
M'1<U_44A1^@*:Z8O)$2,KCX_:0W+4R%KN:T=Q#3Q/II*O'-2M?E[G0)T.U6%
MMQ#J2IM84`2-@^X\BN!-9-=^EF99%#RIB;*QN[RG)<.>$J6EM:MGC]]A)'D<
M00-&OG!V>FTSI"JPOWJQV^XW.&!-<<D(0Z'@24*5R._RG1UXJ,PW(!U"SW`F
MI+O^=Q^'(<F+!_*\XDA*2@C]6](4?W-3?4)MV^]9&<92"MF3:F&GU;TEB,'_
M`%GR>_8J#:4_ZJKV899;H>693#]9,O'+K,C2)$IK92\IE"0N(A>BE140C9WH
M)Y#1-=:ZL9%%A=/+HJWSXJI$UM,..4O)T2Z0C8._`25'?TJ.C-6NTYW@</'W
M6'&WK/(CO+C$*2[&;2@M+)'8CF#H_P#$KYU7.O&90KA;9N$6>Z0T2O24_<7G
M7PA#3;?Y@R#_`#.+4$CB-GYU19?4YG-KSBN.7.=(M&.):;;NSBI!;^*7P'(+
M4#V;Y)UW/\Q)^G0[1<\/L'5JYOVJ9:;?8X^/-)DJ86A#/J^KM.N/8JXD?,]Z
MS]-<@MMVR'.LY>N+26''FXD5M]8;4AAI&P2%=TA6]_ONHCHRR,HR)C,2IQ^4
MTW(<N,Y8(]22]Q"(Z`>_IM-)_;:NWT[D_<8$>4Q$?FQVI,@E++*W`%N$`DA*
M2=GL">WRKYN\B1%M4V5$8,B2RPMQID?_`"+"24I[?,@"OR7A6*=/[W?E/9%D
MK;#+<!B7*2Y*;C)5*<6I3C0Y`'B@:20.X/OXK]&MY[8I<IBUXPO\=F*6A!1!
M/-IA&P"MQW7!*0._DD^`#6MUC458:(:@/1FW"%&>41V2VJ0CEOZ=M?>KV-:K
MCW67(X-HS'I^V[)"'&KG\0\-_P"[9.FRH_(?F/\`8U?K-8H]CNN19!*N'K/7
M1Y#KCC@#:&6FT<4(!WX`WW]]URZ=FINF>M9'&QO(+UC]K9<8M;EMA%UM^2H\
M77MD@:"=I2?W-5:XV7JA=TY<[B>/RK)9+P^EUZ!+4AI]U13I?#>M!7E7<;\;
M/>I*Z1NH=S3A\5KIA\#'Q]]M](CS6DJ64=@E*R?R(.AR\D_:L\;)OX<ZJSKS
MU4<B0YWX6W^&HC-K>;90I1Y)20#^;]0)]]GOHUAN*<SO'3G,Y$'&E1X-YENW
M,O27M/.,$HXI::2-[X-@DJUOOH'==&P:V=/ULVO(+-,BS)K$=2/CG)`4^X5@
M<R[WV5]M?F&P.PT*^<_RUDQQ;<4R12\E[_#0+:VU*4^O79+H((;0/)42G0WW
MJU76\2;%BRKO<+?(F2V&$*?C6]OU%K6=!00/<`D_84NN1,6T6%;\9Y+=VEHB
M#F.*F5+;4I/(?/:0G7S-0/57!W<TM$3\.G_A]YM[WKPI7<<5:T4E0[I!['8\
M$#S5+N2.J\G"Y6,9%BL&]F:T8GQL:>EM:"?TNN)*='1T=C7CN*U,,N>4VBY7
M5Z\8U=;IF\AMJ&TTF/Z<5J.V-)5ZY/'BI6U$CR?`J9R'IE>[UBCL23<XSM^N
M\]E^\3%;XAE))#3/;LE';B#Y[[UNMK&[;F/3IIVP6NQ+R3'PZIR$ZB8VS(CI
M4=EM:5Z2KOWV->3^PB,LC9,_D^/9W?L7^%M5K66Y4*))^)D^GODEUP)3Q4E"
MPE7%)41K=7=/5/I^J*)",HA+![!M/(ND_(-ZY[^FJS8TBZ7V\*RBZQGX,1MM
M3-L@/#BXE"M<GG1[+5H`)_E3]5&IC*G[[&M"GL=AM2YZ76]LN*">3?,<^.R!
MRX[UL@;_`+5,CQ2J_E^+0,HA-,R7'XTN,OU8<V,O@]%<_J0K_J/!KFF58IU:
MN3-LA*N6/W-%MGM3X\UU*V'5+;WH+0`4D'?M6/+L(ZI9Y%<B7Z]V2UP$I*VX
M4$.+2ZX#M/J$C>M_4Z_IKV^X;U4R*+;I5SNF/LNVF0U)B6V,VOT'G$$?F<6>
MX[;T!V[^U:J[E>(?56T7WJ>S"M,!$)Y-J]-WFPP^2`H+<\<RGD>_;6M5C9F9
M#>>J&091TV8MURA_",P9$B<M267%ZV?24-<N/%.__(JH8QC.36^VWW'YF*7N
M??GX[]LAN%`1!A,+/)2T.J.CR4HGM[#SW-6C'<=ZDW,)$NWKM=V]+X)V\S7$
M$0HX_+Z<-E'@E(&UGR??WJ9MW2Z]6VT?@-YS-E.&1U*>D1X\81W)*-\E!UW>
MP#[G9[#7RU!]*K/D.0VRXIM:DV#%)USD2')44\9,MOD$I::(_P!VA(3HJ\^=
M>]=TL=DM5@MR+=9X342*CN$-C]1]U*/E2C[D[)JI]*Y"YW\67-!484N_2%12
MKOR0E*&RH?0J0=?M3J.+ED`1@]KA2`BX)2JXW`MZ:BQN7Y@%$:4XK1`2.XWL
MZK-)Z5=/9107<4@`I&AZ:5-[_?B1NMB[=.L4N42VQDV]4#\-*O@W+>X8RV>7
MZ@"CY^^ZC1T?Z?J"#(LBI+P65K?>E.J<=4=;YJY?F';P>W]ZMKV/V-ZR_@3E
MJAFU<.`B>D`V!]$^W[CO7(9__ISQ=UUYVWWBYQ"H\FD*X.H;/MY`*A]"?O6U
MCW2'(&+M*N-\SZ<^J2U\.[\&CTG%L@["`Z22VGYI0!^]6>3TAZ<.,-![&F-,
MI_6EYQ*E`>ZB%`J/U-<GZ#66#EN:9/D\^VQW+<V"Q'CN,I+2>9[)"?'Y6T@:
M^M=QC]/L'COH?9Q.SH=0=I4(B.Q_M7MRP'#;I>#>;ACD"3/.N3KC>^>O!4GP
MH]AW(-:MSZ9X+<I/Q4C&XB'O=<8JCD_OZ93O[U*V/$L:L+GK6BR0HC^M%Y#0
M+A'U6=J/]ZG:YE?NF";KG+U^1.C,6Z8&538_P:%O.+:)T$.*!X!7;EKN=:]^
MW26&&8[266&D--I&DH0D)2!]`*CLEL5OR2RRK-=&U+BR`-E"N*DD$%*DGV((
M!'[536L,SM!$<]4YQ@A(0$_AC'K<?JZ=G>OYM;]ZD;?TUQAB'<6+@S(N\BY-
MAN9,N+Q=>>2-$#EVX@$`CCKN!\A6@UTBQ,AMJ:Y=[A$:(+<29<77&4:\`(V!
MH:\&K_%C1X<=J+$8;8CM)"&VFDA*4)'@`#L!6:FA\JB[K8+)=WXTBZVF%->C
M';*Y#"7"W^Q([5*``#55F=@>&3Y*Y4S%K2\^L[6XJ(C:C\SV[FI:T6:TV6.8
MUHML2"R>Y1&92V"?F=#O]ZD*YEU`N4#(+OC.,V66S-N3-YCS9*8ZPOX1EDE2
MUK*=A!\)`/DFNFTIJE*5@3$BHD*DIC,I?4-%P(`41^_FL]*4I2E*^'6FGD\7
M6T+3O>E)!'_.O6VT-("&T)0D>`D:`KZI7+LI)S#);G9I1_\`;&/,I?N#(W_G
M9)25H:41_(A("B`>Y(!J8Z+QA%Z78TV$E/*+ZG?_`(U*5_WJW76`Q=+?(M\E
M3R6'T%"_1=4VKB?("DD$;\=J]ML"':X#%OM\9N-$80$---ITE`^0K:I2E*4K
MX?;#S+C1.@M)3L>VQJJQTYP^+@^,,6.,_P#$+"U.O2"C@75J/G6SKL`//@5:
MJ4I2E*4I2E*4I2E*Q,1H\?EZ##;7([5P0$[/S.JRTI2E*4I2E*4I2E*5QS+)
M<O%1F=G;@2GY&3K+MH>8;*@X^ZTEE;2B.R"@I"QO0()UXKJ6/6Y-GL%LM*2"
MF%%:C@CWX("=_P#*I&E*4I2E*4I2E*4I2E*4I2E*4I2E*4I2E*4I2E*4I2E*
=4I2E*4I2E*4I2E*4I2E*4I2E*4I2E*4I2E*__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>14
<FILENAME>filename14.htm
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06HOU1190_6">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->

<P><FONT SIZE=2>
[Vinson &amp; Elkins Letterhead] </FONT></P>

<P><FONT SIZE=2>November&nbsp;9,
2006 </FONT></P>

<P><FONT SIZE=2>Mr.&nbsp;H.
Roger Schwall, Assistant Director<BR>
Securities and Exchange Commission<BR>
Division of Corporation Finance<BR>
Mail Stop 7010<BR>
Washington, D.C. 20549 </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>Re:</FONT></DT><DD><FONT SIZE=2><B>MV Oil Trust<BR>
Amendment No.&nbsp;1 to Registration Statement on Form&nbsp;S-1/A-1<BR>
Filed October&nbsp;5, 2006<BR>
File No.&nbsp;333-136609  </B></FONT></DD></DL>

<P><FONT SIZE=2>Dear Mr.&nbsp;Schwall: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
behalf of MV Oil Trust (the "Trust") and MV Partners, LLC (the "Company" and, together with the Trust, the "Registrants"), we transmit herewith for electronic filing via the EDGAR
system under the Securities Act of 1933, as amended, a memorandum of the Registrants responding to the comments of the staff (the "Staff") of the Securities and Exchange Commission (the "Commission")
in its comment letter dated November&nbsp;1, 2006 (the "Comment Letter") with respect to the Registration Statement on Form&nbsp;S-1/A-1 filed with the Commission on
October&nbsp;5, 2006 ("Registration Statement"). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
telephone Thomas P. Mason (713.758.4539) or W. Matthew Strock (713.758.3452), counsel to the Company, with any questions or comments you may have regarding the enclosed. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Very truly yours,</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
VINSON&nbsp;&amp; ELKINS L.L.P.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
/s/ W. Matthew Strock</FONT><HR NOSHADE><FONT SIZE=2> W. Matthew Strock</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2174313",CP="MV OIL TRUST",DN="6",CHK=500516,FOLIO='blank',FILE='DISK126:[06HOU4.06HOU1194]VE1194A.;8',USER='JGRINER',CD=';8-NOV-2006;21:45' -->
<A NAME="page_ve1194_1_1"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ve1194_m_e_m_o_r_a_n_d_u_m"> </A>
<A NAME="toc_ve1194_1"> </A>
<BR></FONT><FONT SIZE=2><B>M E M O R A N D U M    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
TO:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
Division of Corporation Finance, Securities and Exchange Commission</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
FROM:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
MV Oil Trust<BR>
MV Partners, LLC</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
DATE:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
November 9, 2006</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
RE:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
MV Oil Trust<BR>
Amendment No. 1 to Registration Statement on Form S-1/A-1<BR>
Filed October 5, 2006<BR>
File No. 333-136609</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Below
are the responses of the Registrants to the comments of the Staff contained in the Comment Letter. For your convenience, we have repeated each comment of the Staff exactly as given
in the Comment Letter, and set forth below each such comment is the Registrants' response. </FONT></P>

<P><FONT SIZE=2><B><I>Form&nbsp;S-1  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2><I>We remind you of prior comments 1 and 2. We may have additional comments once you file all omitted exhibits.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have made every effort to make the appropriate corresponding changes in Amendment No.&nbsp;2 to the Registration Statement
(the "Amended Registration Statement") in response to the Staff's comments and provided page references to all responsive disclosure. The Registrants have also included certain additional exhibits
with the Amended Registration Statement. The Staff is advised that the Registrants will file all remaining exhibits as soon as practicable. </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2><I>We note your response to prior comment 4. If you retain the material that appears on the inside of the front cover page, include concise text to make clear
which entity or entities own the fields that are being depicted and to explain any limitations on the rights to the fields.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The map on the inside of the front cover page of the prospectus is intended to provide investors with an understanding of the general location
of the material underlying properties that are the subject of the net profits interest conveyed to the Trust. The map also shows the relative location of the underlying properties to the three major
crude oil refineries in the State of Kansas that are described on page&nbsp;63 of the prospectus. The Registrants have revised the map to provide additional information regarding the two major
producing areas that comprise the underlying properties. Specifically, the Registrants have provided the gross and net acres leased by the Company as well as the proved reserves as of June&nbsp;30,
2006 attributable to the underlying properties in each of these two producing areas. These producing areas are described in greater detail on pages 57 and 58 of the prospectus. It is not possible for
the Registrants to concisely show the other entities that own interests in these fields because the number of oil and gas producers with interests in these fields is numerous and is not material to an
investment decision with respect to the trust units. The Registrants also believe that the burdens and obligations affecting the properties comprising the underlying properties are conventional in the
industry for similar properties. The Registrants discuss these burdens and obligations on page&nbsp;64 of the prospectus. The Registrants do not believe that they can clearly and concisely describe
these burdens and limitations on the inside from cover and that such burdens and limitations are not material to an investment decision with respect to the trust units. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=2,EFW="2174313",CP="MV OIL TRUST",DN="6",CHK=126368,FOLIO='1',FILE='DISK126:[06HOU4.06HOU1194]VE1194A.;8',USER='JGRINER',CD=';8-NOV-2006;21:45' -->
<A NAME="page_ve1194_1_2"> </A>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD><FONT SIZE=2><I>You indicate in your response to comment 5 that "the trust unitholders have the protection of an independent trustee to enforce the rights of the Trust against
the Company in the event that any conflicts of interest should arise." On page&nbsp;75 of the registration statement, you state, however, that "[t]he Trustee will not make
business decisions affecting the assets of the trust." Please discuss what rights the trustee will be able to enforce against the company such that it would be able to avert any conflicts of interest
that may arise.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The conveyance that creates the net profits interest and certain other agreements that will be entered into in connection with the formation
of the Trust impose certain operational requirements and standards of performance on the Company, and give the trustee the right to enforce these standards. Consequently, although the trustee will not
be directly involved in the business operations of the Trust, it will have certain supervisory powers that it may exercise on the unitholders' behalf in the event a conflict of interest should arise.
The Registrants have revised the prospectus to describe these rights and powers in greater detail. Please see page&nbsp;73 of the revised prospectus. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>Cover Page  </I></B></FONT></P>

<P><FONT SIZE=2><B><I>Prospectus Summary, page&nbsp;1  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>4.</FONT></DT><DD><FONT SIZE=2><I>Describe in greater detail in the Risk Factors section the potentially adverse tax consequences to which you allude in the bullet point captioned "The trust has
not obtained a ruling from the IRS" on page&nbsp;3.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have provided greater detail regarding the potentially adverse tax consequences described in the referenced bullet point.
Please see pages&nbsp;27 and&nbsp;28 of the revised prospectus. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>Risk Factors, page&nbsp;20  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>5.</FONT></DT><DD><FONT SIZE=2><I>We refer you to prior comment 11. Please remove or revise, as appropriate the following mitigating statements:</I></FONT><FONT SIZE=2>
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>"</FONT><FONT
SIZE=2><I>MV Partners is not able to control and predict whether these conditions will exist in the future and, if so, what their timing and duration will be"
on page&nbsp;22; and</I></FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>".. . the trust is not aware of any courts that have made that determination" on page&nbsp;27.</I></FONT></DD></DL>
</DD></DL>
<BR>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have removed the requested statements. Please see pages 22 and 27 of the revised prospectus. </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>6.</FONT></DT><DD><FONT SIZE=2><I>We note your response to prior comment 13. Please disclose this information in your business discussion later in the prospectus.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have disclosed in the prospectus that the loss of the 10% customers does not present a material risk because the Registrants
believe that there is significant competition among purchasers of crude oil in the areas of the underlying properties and, if they were to lose one or both of their two largest purchasers, several
entities could purchase the crude oil produced from the underlying properties with little or no interruption to the Registrants' business. Please see page&nbsp;63 of the revised prospectus. </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>7.</FONT></DT><DD><FONT SIZE=2><I>We note your response to prior comments 28 and 29. Provide a new risk factor or expand an existent risk factor to address:</I></FONT><FONT SIZE=2>
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>the lack of precedent for the tax treatment you anticipate for the units; and</I></FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>the risk resulting from the net profits interest not being treated as a debt instrument.</I></FONT></DD></DL>
</DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=3,EFW="2174313",CP="MV OIL TRUST",DN="6",CHK=404185,FOLIO='2',FILE='DISK126:[06HOU4.06HOU1194]VE1194A.;8',USER='JGRINER',CD=';8-NOV-2006;21:45' -->
<A NAME="page_ve1194_1_3"> </A>
<UL>
<UL>
</UL>
</UL>
<UL>

<P><FONT SIZE=2><I>Also include sufficient detail in the tax consequences section to make clear why counsel is unable to render a "will" opinion.</I></FONT></P>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have revised the risk factor on pages&nbsp;27 and&nbsp;28 of the revised prospectus to provide the requested disclosure.
The Registrants have also provided detail to explain why the Company's counsel is unable to provide a "will" opinion. Please see page&nbsp;86 of the revised prospectus. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>Management of MV Partners, page&nbsp;35  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>8.</FONT></DT><DD><FONT SIZE=2><I>Please provide the information that was the subject of prior comment 15 for MV Partners, one of the co-registrants.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants respectfully submit that disclosure of compensation is not required by Item 402 of Regulation&nbsp;S-K. Pursuant
to Interpretation J.5 of the Division of Corporation Finance Manual of Publicly Available Telephone Interpretations: </FONT></P>

<UL>

<P><FONT SIZE=2>A
subsidiary of a public company is going public. The officers of the subsidiary previously were officers of the parent, and in some cases all of the work that they did for the parent related to the
subsidiary. The registration statement of the subsidiary would not be required to include compensation previously awarded by the parent corporation. The subsidiary would start reporting as of the IPO
date. </FONT></P>

</UL>

<P><FONT SIZE=2>The
Registrants believe that the facts at issue with respect to the Company are similar to the situation described in the telephone interpretation. The Company does not have any employees or officers.
Rather, the Company is managed by an executive management team that consists of employees of Vess Oil Corporation ("Vess Oil") and Murfin Drilling Company,&nbsp;Inc. ("Murfin Drilling"), which are
affiliates of MV Energy, LLC (the sole manager of the Company). In Telephone Interpretation J.5 described above, the Staff elaborated the position that the officers of a subsidiary that were not
compensated by that subsidiary were not required to provide disclosure under Item 402 of Regulation&nbsp;S-K with respect to the compensation previously awarded to those officers by the
parent company in connection with a registration statement filed by the subsidiary. Similarly, the persons serving on the executive management team of the Company should not be required to disclose
compensation paid to such persons by affiliated entities, even if such persons are performing services related to the Company. </FONT></P>

<P><FONT SIZE=2>The
Registrants had previously disclosed on page&nbsp;69 of the prospectus that the Trust is obligated to bear its proportionate share of the overhead fee paid by the Company to Vess Oil and Murfin
Drilling for the purpose of operating the underlying properties on behalf of the Company. In addition, the Registrants had previously disclosed on page&nbsp;40 of the prospectus that, under the
terms of an Administrative Services Agreement to be entered into between the Trust and the Company, the Trust is obligated to pay to the Company a quarterly administrative services fee. The
Registrants have included a description of these fees that are payable to Vess Oil and Murfin Drilling with the discussion of executive compensation of the executive management team on pages 35 and
MV-3-MV-4. Neither the amount of these fees nor the amount of time spent by members of the executive management team on the affairs of the Company have any bearing
on the compensation of such persons. In 2005, the aggregate overhead fee paid by the Company was $2.1&nbsp;million. Currently, the administrative services fee is $5,000 per month and will increase
4% </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=4,EFW="2174313",CP="MV OIL TRUST",DN="6",CHK=966353,FOLIO='3',FILE='DISK126:[06HOU4.06HOU1194]VE1194A.;8',USER='JGRINER',CD=';8-NOV-2006;21:45' -->
<A NAME="page_ve1194_1_4"> </A>
<UL>
<BR>

<P><FONT SIZE=2>each
year commencing in January&nbsp;2007. Furthermore, the Registrants believe that the primary purpose of these fees is to reimburse Vess Oil and Murfin Drilling for their
out-of-pocket expenses associated with the other costs they incur in connection with the use of their resources for the operation of the Company and the underlying properties
and not to furnish compensation to the members of the executive management team. As these are the only payments related to compensation expense that investors in the trust units are obligated to bear,
the Registrants believe these are the only material compensation disclosures that are required to be described in the prospectus. The Registrants have also disclosed to investors in the trust units
that the Company has no employees of its own and that the members of the executive management team do not receive any compensation from the Company. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>Discussion and Analysis of Historical Results of the Underlying Properties, page&nbsp;51  </I></B></FONT></P>

<P><FONT SIZE=2><B><I>Hedging and Other Derivative Activities, page&nbsp;51  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>9.</FONT></DT><DD><FONT SIZE=2><I>In response to comment 22 in our letter dated September&nbsp;13, 2006 you revised the disclosure to state that "Past performance of
[your] hedges is not necessarily indicative of their future performance." As you report a history of hedging losses, expand the disclosure to explain the specific facts and
circumstances as to why you believe past performance is not indicative of future performance. Please include similar revisions throughout your document where applicable.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have expanded the disclosure to explain why the Company believes past hedging performance is not indicative of future hedging
performance. Please see pages 51-52 and MV-12-MV-13 of the revised prospectus. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>Planned Development and Workover Programs, page&nbsp;59  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>10.</FONT></DT><DD><FONT SIZE=2><I>Please disclose whether the technologies you describe are subject to any licensing or rights agreements. If so, disclose the cost for maintaining such licenses
or rights and the term of their duration, if material.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have revised the disclosure to explain that the Company's technology is commercially available technology and, as a result,
the Company's use of technologies is not subject to any licensing or other rights agreements. Please see page&nbsp;59 of the revised prospectus. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>Financial Statements&#151;MV Partners LLC, page&nbsp;MVF-1  </I></B></FONT></P>

<P><FONT SIZE=2><B><I>Note&nbsp;A&#151;Summary of Accounting Policies, page&nbsp;MVF-7  </I></B></FONT></P>


<P><FONT SIZE=2><B><I>2. Interim financial statements, page&nbsp;MVF-7  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>11.</FONT></DT><DD><FONT SIZE=2><I>We note your disclosure in which you explain that you have included ad valorem tax expense for the prior year in your results of operations for the six months
ended June&nbsp;30, 2006. Please explain to us your basis for not revising your financial statements for the year ended December&nbsp;31, 2005 to reflect this expense in the period in which it was
incurred. If you believe the effects are not material, please submit an analysis in support of your view.</I></FONT></DD></DL>
<UL>


<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants believe that the effects of recording the $592,708 of ad valorem taxes in the Company's results of operations for the six
months ended June&nbsp;30, 2006 instead of in its results of operations for the year ended December&nbsp;31, 2005 are not material. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=5,EFW="2174313",CP="MV OIL TRUST",DN="6",CHK=1010694,FOLIO='4',FILE='DISK126:[06HOU4.06HOU1194]VE1194A.;8',USER='JGRINER',CD=';8-NOV-2006;21:45' -->
<A NAME="page_ve1194_1_5"> </A>
<UL>

<P><FONT SIZE=2>The
failure to accrue ad valorem taxes of $592,708 represents 0.5% of total liabilities and 1.2% of partners' deficit at December&nbsp;31, 2005. This amount, when considered in conjunction with
other unadjusted differences in 2005, results in total unadjusted differences representing less than 2.3% of net earnings for the year ended December&nbsp;31, 2005. Based on this quantitative
analysis, the Registrants believe the impact of the failure to accrue ad valorem taxes on the 2005 financial statements is not material. </FONT></P>

<P><FONT SIZE=2>APB
28, "Interim Financial Reporting," paragraph&nbsp;29 states that: </FONT></P>

<UL>

<P><FONT SIZE=2>In
determining materiality for the purpose of reporting the cumulative effect of an accounting change or correction of an error, amounts should be related to the estimated income for the full fiscal
year and also to the effect on the trend of earnings. Changes that are material with respect to an interim period but not material with respect to the estimated income for the full fiscal year or to
the trend of earnings should be separately disclosed in the interim period. </FONT></P>

</UL>

<P><FONT SIZE=2>The
Registrants currently expect net earnings for the full year ended December&nbsp;31, 2006 to be approximately $20&nbsp;million. The $592,708 adjustment recorded in operations for the six months
ending June&nbsp;30, 2006 represents 2.96% of total estimated net earnings for the full fiscal year ending December&nbsp;31, 2006. Based on this percentage, the Registrants believe that the effect
of recording this entry in 2006 is not material to estimated net earnings for the year ended December&nbsp;31, 2006. However, because the amount is material to the net earnings for the six months
ended June&nbsp;30, 2006, the Registrants have separately disclosed such item in the footnotes to the financial statements. </FONT></P>

<P><FONT SIZE=2>In
addition to the discussion above, the Registrants have also considered each of the qualitative considerations discussed in Staff Accounting Bulletin 99, "Materiality." The Registrants determined
that this failure to accrue ad valorem taxes did not (i)&nbsp;mask a change in earnings or other trends, (ii)&nbsp;change a loss into income or vice versa, (iii)&nbsp;concern a segment,
(iv)&nbsp;affect the Company's compliance with regulatory requirements, (v)&nbsp;affect the Company's compliance with loan covenants or other contractual requirements, (vi)&nbsp;have the effect
of increasing management's compensation or (vii)&nbsp;involve concealment of an unlawful transaction. After considering these and other qualitative considerations, the Registrants have concluded
that the assessment of these matters does not change their conclusion as described above. </FONT></P>

<P><FONT SIZE=2>Finally,
the Staff recently issued Staff Accounting Bulletin 108. The Registrants have also considered the requirements of SAB 108 and have determined that this would not impact their conclusion as
noted above. </FONT></P>

<P><FONT SIZE=2>Thus,
the Registrants have concluded that the above described situation is not material to the financial statements and believe they have made adequate disclosure. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>Unaudited Pro Forma Financial Information&#151;MV Partners, LLC, page&nbsp;MVF-24  </I></B></FONT></P>

<P><FONT SIZE=2><B><I>Unaudited Pro Forma Statements of Earnings, page&nbsp;MVF-26  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>12.</FONT></DT><DD><FONT SIZE=2><I>In your response to comment 42 in our letter dated September&nbsp;12, 2006 you state that the deferred gain will be amortized to income based on production
occurring over the life of the net profits interest. It appears that the amortization of the gain will have a continuing impact on your operations. Please tell us why you have not included adjustments
on the pro forma statements of earnings to reflect the portion of the gain that would have been recognized had the conveyance of the net profits interest and the initial public offering transactions
occurred as of January&nbsp;1, 2005.</I></FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=6,EFW="2174313",CP="MV OIL TRUST",DN="6",CHK=914855,FOLIO='5',FILE='DISK126:[06HOU4.06HOU1194]VE1194A.;8',USER='JGRINER',CD=';8-NOV-2006;21:45' -->
<A NAME="page_ve1194_1_6"> </A>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants agree that the amortization of deferred gain will have a continuing impact on the Company's operations. However, the SEC Staff
Training Manual, Topic Three, "Pro Forma Financial Information, Forecasts, and Forward Looking Information," Section&nbsp;III.A.2. states the following, in part (emphasis added): </FONT></P>

<P><FONT SIZE=2>The
following adjustments generally are not appropriate on the face of the respective pro forma financial statements, but could be disclosed in the footnotes thereto. </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2>Income
statement presentation of </FONT><FONT SIZE=2><B>gains and losses</B></FONT><FONT SIZE=2> directly attributable to the transaction. </FONT></DD></DL>
</UL>
</UL>
<UL>

<P><FONT SIZE=2>Based
on this guidance and because the deferred gain (and the subsequent recognition thereof) is not part of the normal operations of the Company, the Registrants determined that it was not
appropriate to reflect the amortization of this gain in the pro forma income statement. Instead, the Registrants have disclosed the deferred gain in the footnotes to the pro forma financial
statements. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>Notes to the Unaudited Pro Forma Financial Information, page&nbsp;MVF-27  </I></B></FONT></P>


<P><FONT SIZE=2><B><I>Note&nbsp;A&#151;Basis of Presentation, page&nbsp;MVF-27  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>13.</FONT></DT><DD><FONT SIZE=2><I>We note that MV Partners now intends to sell the 4,000,000 trust units to its members, VAP-I, LLC and MV Energy, LLC in exchange for a cash payment
of $8&nbsp;million and a notes receivable for $72&nbsp;million. Further, we note your disclosure in which you state, "In accordance with accounting rules for transactions among related parties,
the notes receivable were recorded at the historical carrying value of the trust units sold to the members and no gain on sale has been reflected." It appears you believe the relationship between MV
Partners and these members impacts the accounting treatment for this transaction. Please disclose within your document what each member's ownership interest is in MV Partners and when and how each
member acquired its ownership interest.</I></FONT></DD></DL>
<BR>
<UL>

<P><FONT SIZE=2><I>In addition, please tell us why you have not reflected the note receivable balance in the amount of $72&nbsp;million on the pro forma balance sheet. Presumably the members
will begin remitting quarterly principal and interest payments to MV Partners in accordance with the terms of the notes receivable. Please tell us how MV Partners will account for the receipt of these
payments if it does not intent to reflect the outstanding receivable amount on its balance sheet.</I></FONT></P>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: Please see pages 37 and 38 of the revised prospectus for each member's ownership interest in the Company. MV Energy acquired a portion of its
ownership interest when MV Partners, LP was formed in 1998, and MV Energy acquired the remainder of its ownership interest and VAP-I acquired its ownership interest in
September&nbsp;2005 when they purchased the ownership interests held by a large venture capital group. Please see page&nbsp;32 of the revised prospectus. </FONT></P>

<P><FONT SIZE=2>As
a result of the sale of the 4,000,000 trust units to related parties (see description above), the Registrants concluded, after considering authoritative literature with respect to accounting for
transactions with related parties (for example, Staff Accounting Bulletin Topic 5G), that the note receivable balance should be recorded at the historical carrying value of the trust units (which
would be the historical carrying value of the underlying properties).&nbsp;&nbsp;&nbsp;&nbsp;Thus, the note receivable is initially recorded at $6.5&nbsp;million (historical carrying value) and not at the
$72&nbsp;million face value of the note. The first $6.5&nbsp;million of the down payment made by the members to the Company in connection with the sale of the trust units to the members offsets
the full amount of the recorded note receivable (recorded at historical value) and the balance of the down payment was recorded as a capital contribution. Future payments received on the note will be
recorded as capital contributions. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=7,EFW="2174313",CP="MV OIL TRUST",DN="6",CHK=402295,FOLIO='6',FILE='DISK126:[06HOU4.06HOU1194]VE1194A.;8',USER='JGRINER',CD=';8-NOV-2006;21:45' -->
<A NAME="page_ve1194_1_7"> </A>
<UL>
<BR>
</UL>

<P><FONT SIZE=2><B><I>Note&nbsp;B&#151;Pro Forma Adjustments, page&nbsp;MVF-28  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>14.</FONT></DT><DD><FONT SIZE=2><I>We note that the net profits interest will terminate and the underlying properties will revert back to MV Partners on the later to occur of June&nbsp;30,
2026, or when 14.4 MMBoe have been produced from the underlying properties. Please tell us what consideration, if any, you have given to including the return of the net profits interest in the
calculation of the deferred gain on the sale of net profits interest. Within your response, please include any accounting literature you have relied upon to support your
position.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: Based on the reserve report, approximately 97% of the total discounted value of the reserves from the underlying properties is expected to be
recovered during the term of the net profits interest. Thus, any remaining value of the underlying properties following the termination of the net profits interest is expected to be minimal. Given
this minimal expected value and the uncertainty involved in making reserve estimates that far into the future, the Registrants believe that the impact of the termination of the net profits interest on
the calculation of the deferred gain on the sale of the net profits interest is not material and, therefore, have not made any adjustments to the deferred gain calculation for such amount. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>Exhibit&nbsp;5.1  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>15.</FONT></DT><DD><FONT SIZE=2><I>Obtain a new opinion which does not include the limitation that the "opinion is for your benefit only and may not be disclosed to or relied upon any other
person...."</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have obtained a new opinion that does not include the limitation described in this comment. Please see Exhibit&nbsp;5.1 to
the Amended Registration Statement. </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>16.</FONT></DT><DD><FONT SIZE=2><I>Also obtain an opinion that does not contain the limitations in paragraph&nbsp;D relating to income, assets, activities or employees in the State of
Delaware, or explain to us why those limitations are appropriate under the circumstances.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have obtained a new opinion that does not include the limitation described in this comment. Please see Exhibit&nbsp;5.1 to
the Amended Registration Statement. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>Exhibit&nbsp;10.3  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>17.</FONT></DT><DD><FONT SIZE=2><I>We note that you were in default of the credit agreement. Where appropriate in the registration statement, discuss the default and its
consequences.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The default of the Company's credit agreement resulted from the Company's entering into certain hedging arrangements that settle in 2009 and
2010. The credit agreement originally prevented the Company from entering into hedges beyond 36&nbsp;months from the date of the credit agreement. The counterparty to the Company under these hedging
arrangements was the Administrative Agent under the credit agreement. The default was inadvertent and neither the Company nor the Administrative Agent realized at the time the hedges were entered into
that such action constituted a default under the credit agreement. The parties entered into the Second Amendment and Waiver to MV Partners, LLC Credit Agreement to formally waive the default.
Therefore, the default was a one time occurrence that has been cured and no damages were incurred by the Company as a result of the default, and the Company does not believe there will be any adverse
consequences as a result of the default. The Registrants respectfully submit that the default was not material and, therefore, they have not included additional disclosure in the revised prospectus. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=8,EFW="2174313",CP="MV OIL TRUST",DN="6",CHK=1034272,FOLIO='7',FILE='DISK126:[06HOU4.06HOU1194]VE1194A.;8',USER='JGRINER',CD=';8-NOV-2006;21:45' -->
<A NAME="page_ve1194_1_8"> </A>

<P><FONT SIZE=2><B><I>Engineering Comments  </I></B></FONT></P>

<P><FONT SIZE=2><B><I>Prospectus Summary, Page 1  </I></B></FONT></P>


<P><FONT SIZE=2><B><I>Projected Cash Distributions, page&nbsp;16  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>18.</FONT></DT><DD><FONT SIZE=2><I>Your cost line item&#151;Production and property taxes&nbsp;= $2,477&nbsp;thousand for the year ending December&nbsp;31, 2007&#151;does not
appear to agree with that same item in your consulting engineer's report&#151;$998&nbsp;thousand&nbsp;+&nbsp;$1,968&nbsp;thousand&nbsp;= $2,966&nbsp;thousand. Please reconcile this
difference to us and amend your document if it is appropriate. This also applies to similar disclosure on page&nbsp;43.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: Production and property taxes are calculated as a percentage of revenue. The cost line item differs between the Projected Cash Distribution
table and the consulting engineer's report because the Registrants used different commodity prices in the Projected Cash Distribution table than the consulting engineers used for the reserve report.
As described on pages 14 and 42 of the revised prospectus, the presentation in the Projected Cash Distribution table utilizes the first call consensus price forecast for 2007 as of August&nbsp;3,
2006, which was $63.04 per Bbl of oil and $8.08 per Mcf of natural gas. As required by SEC rules, the consulting engineers used prices of oil and natural gas as of June&nbsp;30, 2006 for purposes of
preparing the reserve report, which were $70.68 per Bbl of oil and $5.07 per Mcf of natural gas. The price for crude oil used in the Projected Cash Distribution table is lower than the price utilized
in the reserve report dated June&nbsp;30, 2006. Accordingly, total oil and gas revenue is lower in the Projected Cash Distribution table than in the reserve report. The same tax percentage, 3.744%,
was used in the Projected Cash Distribution table as was used in the reserve report to calculate estimated production and property taxes. </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>The Underlying Properties, page&nbsp;49  </I></B></FONT></P>


<P><FONT SIZE=2><B><I>Planned Development and Workover Program, page&nbsp;59  </I></B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>19.</FONT></DT><DD><FONT SIZE=2><I>You state, "These leases have over 30 undrilled proved undeveloped offset locations.. . MV Partners has scheduled the drilling of
[only] 14 proved undeveloped locations over the next five years." Since you have <U>committed</U> to drilling only the 14 PUD locations, the remaining
locations for which you have made no commitment cannot be characterized as "proved undeveloped" even though they may comply with other criteria for PUD reserves. Please amend your discussion so that
the unscheduled locations are not described as proved undeveloped.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have amended the disclosure so that the unscheduled locations are not described as proved undeveloped. Please see
page&nbsp;59 of the revised prospectus. </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>20.</FONT></DT><DD><FONT SIZE=2><I>We note that your consulting engineer's report does not project any COPAS costs to proved non-producing and proved undeveloped properties. Please
explain this to us and amend your proved reserve and associated net income disclosures if it is appropriate.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have provided a new reserve report that allocates COPAS costs to the proved non-producing and proved undeveloped
properties, which costs previously were included in operating costs and not separately broken out, by a supplemental letter dated November&nbsp;9, 2006 to Ronald Winfrey. Please see annex A of the
revised prospectus. Since the COPAS costs were included in the operating costs in the previous report, this change to the reserve report had no impact on proved reserves or associated net income </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>21.</FONT></DT><DD><FONT SIZE=2><I>Your consulting engineer's report&#151;Table 1&#151;PUD&#151;shows a maximum proved undeveloped gross well count of 135, but there are
only 64 wells listed in Table II&#151;PUD. Please reconcile this to us.</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2><B><I>RESPONSE</I></B></FONT><FONT SIZE=2>: The Registrants have provided a new reserve report that reconciles this disclosure by a supplemental letter dated November&nbsp;9, 2006 to
Ronald Winfrey. The discrepancy arose because of the way the consulting engineers calculated the undeveloped gross wells in Table II. The consulting engineers' system of calculating undeveloped gross
wells inadvertently combined several individual wells, thus understating the actual individual well count. The new reserve report describes each individual undeveloped gross well in Table II. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=9,EFW="2174313",CP="MV OIL TRUST",DN="6",CHK=171758,FOLIO='8',FILE='DISK126:[06HOU4.06HOU1194]VE1194A.;8',USER='JGRINER',CD=';8-NOV-2006;21:45' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06HOU1190_6">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ve1194_1">M E M O R A N D U M</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=DHOLBRO,SEQ=,EFW="2174313",CP="MV OIL TRUST",DN="6" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
