Marine Petroleum Trust

Marine Petroleum Trust is a royalty trust that was created under the laws of the State of Texas. The Company was organized for the sole purpose of providing an efficient, orderly and practical means for the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, pursuant to license agreements and amendments thereto between Marine's predecessors and Gulf Oil Corporation. The royalty interests held by Marine are depleting with each barrel of oil and cubic foot of natural gas produced.