Company: GULTU
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001201
Chunk: 36

Company: Gulf Coast Ultra Deep Royalty Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9
Chunk 36
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Item
9A. Controls and Procedures

Disclosure
Controls and Procedures

Evaluation
of disclosure controls and procedures

Due
to the nature of the Royalty Trust as a passive entity and in light of the contractual arrangements pursuant to which the Royalty Trust
was created, including the provisions of (i) the Royalty Trust Agreement and (ii) the master conveyance, the Royalty Trust’s disclosure
controls and procedures necessarily rely on (A) information provided by HOGA, including information relating to results of operations,
the costs and revenues attributable to the subject interests 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 subject interests and the overriding royalty interests, and (B) conclusions and reports regarding reserves
by the Royalty Trust’s independent reserve engineers.

Internal
Control Over Financial Reporting

(a) Trustee’s Annual Report on Internal Control over Financial Reporting

Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of
any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may deteriorate.

(b) Changes in Internal Control over Financial Reporting

Item
9B. Other Information