What changed in this filing

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Item 4. Controls and Procedures

2021-05-17 compared with 2020-11-06 · 21 added, 22 removed, 2 unchanged (96% of the section changed)

Controls and Procedures.

Evaluation of Disclosure Controls and

The Trustee conducted

an evaluation of the Trust’s disclosure controls and procedures (as defined in Rules 13a-15 and 15d-15 under the Securities

Exchange Act of 1934, as amended (the “Exchange Act”)).

Based on this evaluation, the Trustee has concluded that the

disclosure controls and procedures of the Trust were effective, as of the end of the period covered by this report, in ensuring

that information required to be disclosed by the Trust in the reports that it files or submits under the Exchange Act is accumulated

and communicated to the Trustee to allow timely decisions regarding required disclosure.

Due to the nature

of the Trust as a passive entity and in light of the contractual arrangements pursuant to which the Trust was created, including

the provisions of (i) the Trust Agreement and (ii) the Conveyance, the Trustee’s disclosure controls and procedures

related to the Trust necessarily rely on (A) information provided by the Sponsor, including information relating to results

of operations, the costs and revenues attributable to the Trust’s interest under the Conveyance and other operating and historical

data, plans for future operating and capital expenditures, reserve information, information relating to projected production, and

other information relating to the status and results of operations of the Underlying Properties and the Net Profits Interest, and

(B) conclusions and reports regarding reserves by the Trust’s independent reserve engineers.

Evaluation of Disclosure Controls and Procedures

The Trustee conducted an

evaluation of the Trust’s disclosure controls and procedures (as defined in Rules 13a-15 and 15d-15 under the Securities Exchange

Act of 1934, as amended (the “Exchange Act”)).

Based on this evaluation, the Trustee has concluded that the disclosure controls

and procedures of the Trust were effective, as of the end of the period covered by this report, in ensuring that information required

to be disclosed by the Trust in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Trustee

to allow timely decisions regarding required disclosure.

Due to the nature of the

Trust as a passive entity and in light of the contractual arrangements pursuant to which the Trust was created, including the provisions

of (i) the Trust Agreement and (ii) the Conveyance, the Trustee’s disclosure controls and procedures related to the Trust

necessarily rely on (A) information provided by the Sponsor, including information relating to results of operations, the costs and

revenues attributable to the Trust’s interest under the Conveyance and other operating and historical data, plans for future operating

and capital expenditures, reserve information, information relating to projected production, and other information relating to the status

and results of operations of the Underlying Properties and the Net Profits Interest, and (B) conclusions and reports regarding reserves

by the Trust’s independent reserve engineers.

Changes in Internal Control over Financial

As of the end of the

period covered by this report, there were no changes in the Trust’s internal control over financial reporting that have materially

affected, or are reasonably likely to materially affect, the Trust’s internal control over financial reporting.

notes for purposes of clarification that it has no authority over, and makes no statement concerning, the internal control over

financial reporting of the Sponsor.

II—OTHER INFORMATION

of the end of the period covered by this report , there were no changes in the Trust’s internal control over financial reporting

that have materially affected, or are reasonably likely to materially affect, the Trust’s internal control over financial reporting.

The Trustee notes for purposes of clarification that it has no authority over, and makes no statement concerning, the internal control

over financial reporting of the Sponsor.

PART II—OTHER

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.

What changed 10-Q

Item 4. Controls and Procedures