-----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, J4rGOX1HQCFzj9OdUd6I7h/aRJBNxdf2YoTvfn28KqSDU/gTf1riQ9o7E2ftbfE/ FZeDMaOzX3ShhYjToe74Sw== 0000072633-03-000013.txt : 20031117 0000072633-03-000013.hdr.sgml : 20031117 20031117145108 ACCESSION NUMBER: 0000072633-03-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031031 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031117 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: 031007759 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 ek111703.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): November 13, 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 November 13, 2003 and disseminated through PR Newswire announcing the earnings for the fourth quarter of fiscal 2003. Item 12. Results of Operations and Financial Condition. ----------------------------------------------- On November 13, 2003 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's earnings for the fourth 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: November 17, 2003 EX-99 3 ex111703.txt Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES FOURTH QUARTER AND FISCAL YEAR EARNINGS Red Bank, N.J. November 13, 2003 -- North European Oil Royalty Trust (NYSE-NRT) reported that royalty revenues for the fourth quarter of its fiscal year through October 31, 2003 increased by 16.2% from those for the same period last year. All comparisons are to the prior year's equivalent period. Other than the impact of the strong Euro, the impact of the other factors affecting royalty income was mixed. Under the lower royalty rate agreement covering the entire Oldenburg concession, overall gas sales for the quarter increased by 6.3% to 39.88 billion cubic feet ("Bcf") while gas prices declined by 3.3% to 1.1863 Euro cents per kilowatt hour ("Ecents/Kwh"). Under the higher royalty rate agreement covering western Oldenburg, gas sales declined by 7.8% to 17.43 Bcf while gas prices rose 6.0% to 1.4713 Ecents/Kwh. Based upon transfers during the quarter, the Euro had an average dollar equivalent value of $1.1239, 15.3% higher than last year's dollar equivalent value of $0.9745. Using the individual exchange rates to convert German gas prices into familiar terms yields average prices of $4.74 and $3.72 per Mcf under the higher and lower royalty rate agreements respectively. The Trust declared a distribution to owners of 45 cents per unit for the fourth fiscal quarter to be paid on November 26, 2003 to owners of record on November 14, 2003. Net income per unit for the 2003 fiscal year was $1.95 compared to $1.89 for the prior year, a increase of 3.2%. NORTH EUROPEAN OIL ROYALTY TRUST Quarter Ended October 31, 2003 October 31, 2002 - ------------- ---------------- ---------------- German Royalties Received $4,166,398 $3,585,190 Net Income 3,997,312 3,406,930 Net Income Per Unit $ .45 $ .38 Fiscal Year Ended October 31, 2003 October 31, 2002 - ----------------- ---------------- ---------------- German Royalties Received $18,169,035 $17,435,504 Net Income 17,398,359 16,885,776 Net Income Per Unit $1.95 $1.89 For further information contact John H. Van Kirk, Managing Trustee, or John R. Van Kirk, Managing Director, at (732) 741-4008 or e-mail at NEORT@AOL.Com. -----END PRIVACY-ENHANCED MESSAGE-----