WCSB Oil & Gas Royalty Income 2010-II Limited Partnership

WCSB Oil & Gas Royalty Income 2010-II Limited Partnership

July 07, 2011 18:49 ET

WCSB 2011-II Fund Announces Record Revenue and Cash Distributions

CALGARY, ALBERTA--(Marketwire - July 7, 2011) -

ANNOUNCING A 13.57% RETURN ON AT-RISK CAPITAL OVER THE PAST 5 MONTHS

WCSB Oil & Gas Royalty Income 2010-II Management Corp., the General Partner of WCSB Oil & Gas Royalty Income 2010-II Limited Partnership ("WCSB 2010-II Fund" or "WCSB") is pleased to announce that it has achieved record revenues for the month of March of $702,483 and has declared and paid record cash distributions for June of $2.70 per Unit.

Distributions commenced in February 2011 (5 months ago) and total cash distributions to June 2011 are $7.55 per Unit representing a 13.57% return on at-risk capital (1) over the past 5 months.

WCSB 2010-II Fund completed its financing in July of 2010 and invested into 17 wells of which 11 wells are currently on production.

DRILLING SUCCESS RATE HAS BEEN 100%

WCSB 2010-II Fund has exceeded expectations both in regards to current cash distributions to investors, production levels and drilling success rate.

Distributions commenced 4 months ahead of schedule and have grown from $0.50 in February 2011 to $2.70 per Unit for the month of June, 2011 as more wells have been completed and tied-in. These returns are stellar considering the fund does not yet have all wells on production.

Overall we are very pleased with the robust distributions and production performance of the wells in this fund.

Please visit our website at www.wcsb.ca for further details.

ABOUT WCSB

WCSB's investment programs are energy focused income funds with a mandate to provide Canadian investors with income, capital appreciation, liquidity and a 100% tax deductible investment through direct participation by way of royalty interests in both oil and natural gas production. WCSB's unique business model eliminates exposure to capital market volatility associated with publicly traded energy issuers.

(1) At-risk capital means original capital invested less tax savings over the term of the program.

This press release shall not constitute an offer to sell or the solicitation of any offer to buy the securities.

This release is provided for information purposes only.

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