**Exhibit 99.1*****LL&E-ROYALTY TRUST****LL&E ROYALTY TRUST ANNOUNCES NO DISTRIBUTION FOR SEPTEMBER 2007****LL&E ROYALTY TRUST** ***The Bank of New York Trust Company, N.A. — Trustee*** **NEWS**  **RELEASE****FOR IMMEDIATE RELEASE**AUSTIN, TEXAS (August 28, 2007) — LL&E Royalty Trust (NYSE SYMBOL-LRT) announced today there willbe no Trust income distribution for the month of September 2007 for Unit holders of record onSeptember 5, 2007. This release relates to production for the month of June 2007.Trust related expenses for the month of June 2007 totaled $167,697 while Royalty income for themonth of June 2007 will be $96,220. Trust expenditures in excess of Royalty income received willreduce the Trust’s reserve for Trust expenses.As more fully described in the Trust’s Annual Report on Form 10-K for the year ended December 31,2006, it appears highly likely that distributions to the Trust will be reduced significantly for aperiod of time as a result of the damage from Hurricanes Katrina and Rita to production facilitiesfor properties in which the Trust has an interest. As more fully described in the Trust’s periodicreports filed with the SEC, the Trust Agreement and the related Partnership Agreement provide that,under certain circumstances, the Trustee may establish cash contingency reserves for the payment ofclaims that are likely to be asserted against the Trust. With certain exceptions, any suchreserves are required to be deposited in non-interest bearing accounts. As of August 28, 2007 thenet amount reserved is $534,244. The Trustee intends to hold these funds for use in the payment ofTrust expenses until it becomes reasonably clear that they are no longer necessary. The Trustee maydetermine to increase the amount of the reserve at any time in the future, without advance noticeto the Unitholders. Any such increase in the amount reserved would reduce future distributions.As more fully described in the Annual Report, the Working Interest Owner (“Owner”), under the termsof the Trust Conveyances, is permitted to escrow funds for estimated future costs such asdismantlement costs and capital expenditures for the properties in which the Trust has an interest(Special Cost Escrow). Based on preliminary cost estimates and the most recent reserve report, theOwner has informed the Trustee that the amounts currently held in escrow are significantly lessthan the anticipated future costs attributable to the Trust. Consequently, the Owner has informedthe Trust that Owner plans to escrow for the foreseeable future all proceeds that would otherwisebe distributed from the South Pass 89 and Offshore Louisiana properties. As more fully described inthe Trust’s Annual Report, the actual amounts of certain of these costs, including those affectingEast Cameron 195, which is included in the Offshore Louisiana properties, appear likely to besubstantially increased over those previously estimated as a result of damage caused by the 2005hurricanes. The Owner
 

 
intends to continue to monitor each of the properties in which the Trust has an interest forpossible changes in relevant factors.The Trustee has participated in discussions with the Owner regarding the insurance policies carriedby the Owner in effect at the dates of the various storms affecting the properties in which theTrust has an interest. The Owner and its outside insurance counsel have advised the Trustee thatthey are in the process of analyzing the scope and applicability of the policies carried by theOwner to the various types of damages that resulted from the storms, and are in the process ofdiscussing these matters with the carriers. The Trustee has requested additional information aboutthe policies, potential coverage to damages affecting the Trust, the likely timing of theresolution of issues relating to the possible insurance coverage and the various types of damagescaused by the storms, and other information regarding the possibility of recovery under anyinsurance policy that, directly or indirectly, may be for the benefit of the Trust. The WorkingInterest Owner has undertaken to provide all such information as it becomes available, but hasadvised the Trustee that it remains in discussion with its insurance carriers, and does not yethave reliable information about the scope and applicability of the policies to the properties inwhich the Trust has an interest or the effects, if any, on the Trust.The Royalty income for the month of June does not include any proceeds from the Jay Field, SouthPass 89 or Offshore Louisiana properties due to excess production costs. Excess production costsincurred through June 2007 to be recouped from future proceeds at the Jay Field, South Pass andOffshore properties totaled $232,500 $1,297,745 and $6,589,000 respectively.Gross Proceeds prior to deductions for Production Costs for the month of June 2007 by property areas follows: $1,578,067 for Jay Field property, $0 for South Pass 89 property, and $0 for OffshoreLouisiana property.Production Costs for the month of June 2007 by property are as follows: $1,810,568 for Jay Fieldproperty, $1,297,745 for South Pass 89 property and $6,589,000 for Offshore Louisiana property.In June 2007 there was $224,745 and $251,024 withheld in Special Cost Escrow from the South Passand Offshore Louisiana Property, respectively.Fee Lands Royalties for the month of June 2007 totaled $96,220.The Gross Proceeds, Production Costs and Special Cost Escrow numbers stated above relate to eachproperty as a whole. The Trust’s interest in these properties is 50% for Jay Field, 50% for SouthPass 89 and 90% for Offshore Louisiana.Status of the TrustAlthough the Trust cannot predict the effects of the matters described in this press release withany degree of precision, it appears highly likely that distributions to the Trust will be reducedsignificantly for an extended period of time.The Trust Agreement provides that the Trust will terminate in the event that the net revenues fallbelow $5,000,000 for two successive years (the “Termination Threshold”). The net revenues for 2006fell below $5,000,000. As a result of the damages to production facilities for properties in whichthe Trust has an interest, and depending on a variety of factors, including the timing and costs ofrepairs, future production and drilling activities, oil and gas prices and other matters, netrevenues to the
 

 
Trust in 2007 may also be below the Termination Threshold. If net revenues for 2007 are below theTermination Threshold, the Trust will terminate. For the first nine months of 2007, the Trustreceived approximately $1.1 million in Royalty income associated with the Jay Field and Fee Lands andno Royalty income from the Offshore Louisiana or South Pass 89 properties. As stated above, excessproduction costs for the Jay Field, South Pass 89 and Offshore Louisiana totaled $232,500$1,297,745 and $6,589,000, respectively for the first nine months of 2007. The excess productioncosts must be recovered by the Working Interest Owner before any distribution of royalty incomewill be made to the Trust. Upon termination of the Trust, the Trustee will sell for cash all theassets held in the Trust estate and make a final distribution to unit holders of any fundsremaining after all Trust liabilities have been satisfied or funds have been set aside for theirpayment. There can be no assurance that the net revenues of the Trust in 2007 will be above theTermination Threshold.This press release contains statements that are “forward-looking statements” within the meaning ofSection 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities ExchangeAct of 1934, as amended. All statements contained in this press release, other than statements ofhistorical facts, are “forward-looking statements” for purposes of these provisions. Theseforward-looking statements include the amount and date of any anticipated distribution to unitholders and all statements regarding the future status and possible termination of the Trust. Aninvestment in Units issued by LL&E Royalty Trust is subject to the risks described in the Trust’sAnnual Report on Form 10-K for the year ended December 31, 2006, and all of its other filings withthe Securities and Exchange Commission. The Trust’s annual, quarterly and other filed reports areavailable over the Internet at the SEC’s web site at http://www.sec.gov.The Trust income distribution announcement for the month of October will be made on or aboutSeptember 25, 2007.**Contact:** **LL&E ROYALTY TRUST**