<SEC-DOCUMENT>0000072633-15-000016.txt : 20150803
<SEC-HEADER>0000072633-15-000016.hdr.sgml : 20150801
<ACCEPTANCE-DATETIME>20150803103723
ACCESSION NUMBER: 0000072633-15-000016
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20150731
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20150803
DATE AS OF CHANGE: 20150803
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: NORTH EUROPEAN OIL ROYALTY TRUST
CENTRAL INDEX KEY: 0000072633
STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792]
IRS NUMBER: 222084119
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08245
FILM NUMBER: 151021354
BUSINESS ADDRESS:
STREET 1: P O BOX 456
STREET 2: 43 WEST FRONT STREET SUITE 19-A
CITY: RED BANK
STATE: NJ
ZIP: 07701
BUSINESS PHONE: 7327414008
MAIL ADDRESS:
STREET 1: P O BOX 456
STREET 2: 43 WEST FRONT STREET SUITE 19-A
CITY: RED BANK
STATE: NJ
ZIP: 07701
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ek080315.txt
<TEXT>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
July 30, 2015
---------------
NORTH EUROPEAN OIL ROYALTY TRUST
------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Commission File No. 1-8245
Delaware 22-2084119
----------------------- -----------------------
(State of organization) (IRS Employer I.D. No.)
Suite 19A, 43 West Front Street, Red Bank, N.J. 07701
----------------------------------------------------------------
(Address of principal executive offices)
732-741-4008
---------------------------------------------------
(Registrant's telephone number including area code)
Not Applicable
------------------------------------------------------------
Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
-2-
Item 2.02. Results of Operations and Financial Condition.
----------------------------------------------
On July 30, 2015 North European Oil Royalty Trust issued
a press release via PR Newswire announcing the Trust's
distribution for the third quarter of fiscal 2015.
Furnished herewith is a copy of the press release, which is
incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
----------------------------------
(c) Exhibits
The following exhibit is furnished herewith:
Exhibit 99. A press release dated July 30, 2015 and
disseminated through PR Newswire announcing the
distribution for North European Oil Royalty Trust
for the third quarter of fiscal 2015.
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
NORTH EUROPEAN OIL ROYALTY TRUST
--------------------------------
(Registrant)
By: /s/ John R. Van Kirk
------------------------
John R. Van Kirk
Managing Director
Dated: August 3, 2015
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>x99-0803.txt
<TEXT>
-3-
Exhibit 99
PR NEWSWIRE
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES
THE DISTRIBUTION FOR THE THIRD QUARTER OF FISCAL 2015
Red Bank, N.J. July 30, 2015 The Trustees of North European Oil Royalty
Trust (NYSE-NRT) announced today a quarterly distribution of $0.36 per unit
for the third quarter of fiscal 2015, payable on August 26, 2015 to holders
of record on August 14, 2015. Natural gas sold during the second calendar
quarter of 2015 is the primary source of royalty income on which the August
2015 distribution is based. John R. Van Kirk, Managing Director, reported
that this year's quarterly distribution of $0.36 per unit is 21.74%, or $0.10
per unit, lower than the distribution of $0.46 per unit for the third quarter
of fiscal 2014. Specific details will be available in the earnings press
release scheduled for release on or about August 14, 2015.
Trust royalty payments for each fiscal quarter are based on actual royalties
payable for the preceding calendar quarter. In the final month of the
Trust's fiscal quarter, the operating companies determine the actual amount
of royalties that should have been paid to the Trust and compare this amount
to the amount actually paid. Any underpayment would be added to the amount
of royalties paid during the final month of the current fiscal quarter. Any
overpayment would be deducted from the amount of royalties to be paid in the
first month of the Trust's next fiscal quarter. The operating companies may
make further adjustments during the quarter based on the recalculation of
royalties payable for prior periods, and the Trust has no means of predicting
such adjustments.
The table below shows an estimate of the amount of royalties anticipated to
be received in the fourth quarter of fiscal 2015 based on the actual amount
of royalties that were payable to the Trust for the second calendar quarter
of 2015. Amounts in dollars are based on the current exchange rate of
1.105375. Actual royalty income in dollars is valued based on exchange
rates on the day funds are transferred. The August estimate below includes
a negative adjustment from the prior quarter of Euros 522,499.
------------------------------------------------------------------------------
Estimated Combined Combined Combined Dollar
Royalties Royalties Royalties Royalties in
Anticipated in In Euros In Dollars Cents per Unit
------------------------------------------------------------------------------
August Euros 327,593 $ 362,113 $0.0394
September Euros 850,092 $ 939,670 $0.1022
October Euros 850,092 $ 939,670 $0.1022
------------------------------------------------------------------------------
-4-
The cumulative 12-month distribution, which includes the August 2015
distribution and the three prior quarterly distributions, is $1.43 per unit.
This 12-month cumulative distribution is 31.58% or $0.66 per unit lower than
the prior 12-month distribution of $2.09 per unit. The Trust makes
quarterly distributions to unit owners during the months of February, May,
August and November.
Contact John R. Van Kirk, Managing Director, telephone: (732) 741-4008,
email: jvankirk@neort.com. The text of the Trust's press releases along
with other pertinent information is available at the Trust's website:
www.neort.com.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>