Pacific Coast Oil Trust

Pacific Coast Oil Trust is a Delaware statutory perpetual trust formed by Pacific Coast Energy Company LP (“PCEC”) through a conveyance of interests in California onshore oil properties located in the Santa Maria and Los Angeles Basins. PCEC owns the underlying properties from which these net profits interests were conveyed. The underlying properties consist of (i) proved developed reserves, referred to as the “Developed Properties,” and (ii) all other development potential on the underlying properties, referred to as the “Remaining Properties”.