Article: Mesa Offshore Trust Announces Proposed Settlement Agreement, Including Resignation of Trustee and Appointment of Temporary Trustee.

AUSTIN, Texas -- Mesa Offshore Trust (OTC:MOSH) (the "Trust") announced that on December 3, 2007, JPMorgan Chase Bank, N.A., for itself and in its capacity as Trustee of the Trust, entered into a Settlement Agreement and Release in connection with the lawsuit filed by MOSH Holding, L.P. ("MHLP") against Pioneer Natural Resources Company; Pioneer Natural Resources USA, Inc. (collectively, "Pioneer"); Woodside Energy (USA) Inc. ("Woodside"); and JPMorgan Chase Bank, N.A., as Trustee of the Trust (the "Lawsuit"), with MHLP, Dagger-Spine Hedgehog Corporation ("Dagger-Spine") and another group of unitholders, led by Keith A. Wiegand (together with Dagger-Spine, the ...

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