−Removed: The recent spread of COVID-19, or the novel coronavirus, and the measures taken to mitigate the impact of the COVID-19 pandemic could have an adverse effect on trust distributions.
−Removed: As the coronavirus pandemic
−Removed: and government responses are rapidly evolving, the extent of the impact on domestic sales of crude oil and natural gas remains unknown and is constantly evolving.
−Removed: Markets are experiencing a sharp and rapid decline in the demand for crude oil and
−Removed: natural gas as the U.S.
−Removed: and global economy, and commodity prices, are being negatively impacted as economic activity is curtailed in response to the COVID-19 pandemic, as well as due to an oversupply of crude
−Removed: oil driven by a dispute between members of OPEC and Russia over production costs.
−Removed: Official restrictions on non-essential activities, including shelter in place and stay at home orders,
−Removed: have been introduced throughout the U.S.
−Removed: and the world, which may impact oil and natural gas operators production activities, and the length of time such measures are in place may adversely affect us.
−Removed: Fewer businesses than normal are open and
−Removed: fewer people are going to work which has reduced the demand for oil and natural gas, and operators reliance on third-party suppliers, contractors, and service providers exposes them to possibility of delay or interruption of operations.
−Removed: this time, the full extent to which COVID-19 will negatively impact the global economy and the oil and gas industry is uncertain, but pandemics or other significant public health events will most likely have a
−Removed: material adverse effect on operators business and financial condition which would likely have an adverse effect on trust distributions.
−Removed: Other than the item listed above, there have been no material changes from the risk factors previously disclosed in the Risk
−Removed: Factors in Marines Annual Report filed on Form 10-K for the fiscal year ended June
+Added: As of the date of this filing, there have been no material changes from the risk factors previously disclosed in the Risk Factors
+Added: in Marines Annual Report filed on Form 10-K for the fiscal year ended June 30, 2020.
The following exhibits are included herein:
+Added: Indenture, as amended on November 16, 2020, of Marine Petroleum Trust
Certification of the Corporate Trustee pursuant to Section
5 unchanged sentences
MARINE PETROLEUM TRUST
−Removed: Simmons Bank, trustee of Marine Petroleum Trust and not in
−Removed: its individual capacity or otherwise
+Added: Simmons Bank, trustee of Marine Petroleum Trust and not in its individual capacity or otherwise
+Added: November 16, 2020
Senior Vice President
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.