-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gt11Sp/BGak+OV2DfO3rKOpqQUlx/B7DJivKOSl1Y1dt6ytzzPAJSjJqaaVvocKY 2P59SEoARlbcAonDte7HRQ== 0000072633-03-000007.txt : 20030814 0000072633-03-000007.hdr.sgml : 20030814 20030814141401 ACCESSION NUMBER: 0000072633-03-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030731 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030814 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: 03846080 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 8-K 1 eightk08.txt 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): August 12, 2003 ----------------- 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) This report consists of 3 pages. -2- Item 7. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits Exhibit 99. A press release dated August 12, 2003 and disseminated through PR Newswire announcing the earnings North European Oil Royalty Trust for the third quarter of fiscal 2003. Item 12. Results of Operations and Financial Condition. ----------------------------------------------- On August 12, 2003 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's earnings for the third quarter of fiscal 2003 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 14, 2003 EX-99 3 ex990803.txt -3- Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES EARNINGS FOR THE THIRD FISCAL QUARTER & THE NINE MONTH PERIOD Red Bank, N.J. August 12, 2003 -- North European Oil Royalty Trust (NYSE-NRT) announced that Trust net income for its third fiscal quarter ended July 31, 2003 was $4,352,137. This level of net income represents a decrease of 2.1% from the net income for the prior year's equivalent period. The negative impact on Trust royalties of lower gas sales from the higher royalty rate area of western Oldenburg could not be entirely offset despite the significant increase in value of the Euro. The average prices for gas sold from the higher and lower royalty rate areas of the Oldenburg concession were essentially unchanged increasing by 1.6% and 1.5% respectively. Overall gas sales declined by 2.4% to 43.1 Billion cubic feet. Gas sales from the higher royalty rate area of western Oldenburg declined by 24.2% to 16.9 Billion cubic feet. This decline was the most significant factor affecting royalties this quarter. The Euro strengthened significantly during the quarter. Based on the value of the royalties at the times of transfer the average value of the Euro rose 19.7% to a dollar equivalent value of $1.1586. Using the average value for the Euro to convert German gas prices into more familiar terms yields average gas prices for the higher and lower royalty rate areas respectively of $4.96 and $4.54 per Mcf. NORTH EUROPEAN OIL ROYALTY TRUST Quarter Ended 7/31/03 7/31/02 German Royalties Received $ 4,536,318 $ 4,580,463 Net Income 4,352,137 4,443,703 Net Income Per Unit $ 0.49 $ 0.50 Nine Months Ended 7/31/03 7/31/02 German Royalties Received $14,002,637 $13,850,314 Net Income 13,401,047 13,478,846 Net Income Per Unit $ 1.50 $ 1.51 The Trust declared a distribution to unit owners of 49 cents per unit for the third fiscal quarter, making the total distribution for the nine month period $1.50 per unit compared to $1.51 for the same period last year. The distribution will be paid on August 27, 2003 to holders of record on August 15, 2003. Contact -- John H. Van Kirk, Managing Trustee, or John R. Van Kirk, Managing Director, telephone: (732) 741-4008, e-mail: NEORT@AOL.Com. -----END PRIVACY-ENHANCED MESSAGE-----