MV Oil Trust — Director's Dealing 2007

Jan 24, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: MV Oil Trust (MVO)
CIK: 0001371782
Period of Report: 2007-01-24

Reporting Person: VAP I LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Trust Units	2000000	Direct
Trust Units	7500000	Indirect

Footnotes

F1: MV Partners, LLC is 50% owned by VAP-I, LLC. VAP-I, LLC may be deemed the beneficial owner of the MV Partners, LLC Trust Units. VAP-I, LLC disclaims beneficial ownership of the Trust Units held by MV Partners, LLC, except to the extent of its pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.