EX-99.1 3 a03-5748_1ex99d1.htm EX-99.1

Exhibit 99.1

Mesa-Royalty-Trust

Mesa Royalty Trust Announces Trust Income for November 2003

MESA ROYALTY TRUST

JPMorgan Chase Bank, Trustee	NEWS
	RELEASE

FOR IMMEDIATE RELEASE

AUSTIN, TEXAS November 19, 2003 – Mesa Royalty Trust (NYSE symbol-MTR) announced the Trust income distribution for the month of November 2003. Unitholders of record on November 28, 2003 will receive a distribution amounting to $686,958 or  $0.368620797 per unit payable on January 30, 2004. Royalty income from the San Juan Basin Properties totaled $322,170. Royalty income from the Hugoton Properties totaled $356,791.

The extent of future distributions from the properties in which the Trust has an interest will continue to be dependent on normal factors associated with oil and gas operations such as oil and gas production levels, prices and associated cost, accruals for future abandonment costs, timing and extent of capital expenditures.

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P.O. Box 550 Austin, TX 78789