-----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, AcxqJ0ZMkt52Em52emNbSYqClwqMiRmKYcHdudUJbSia5R2tPEWj5xHnfnUs1kG5 p5Z3/Cw0yRPdvsW5MEAFGA== 0000072633-04-000004.txt : 20040130 0000072633-04-000004.hdr.sgml : 20040130 20040130132328 ACCESSION NUMBER: 0000072633-04-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040130 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040130 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: 04555168 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 ek013004.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): January 29, 2004 ------------------ 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 January 29, 2004 and disseminated through PR Newswire announcing the distribution for the first quarter of fiscal 2004. Item 12. Results of Operations and Financial Condition. ----------------------------------------------- On January 29, 2004 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's distribution for the first quarter of fiscal 2004. 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: January 30, 2004 EX-99 3 ex990130.txt Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES DISTRIBUTION FOR FIRST QUARTER OF FISCAL 2004 RED BANK, N.J. January 29, 2004 -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a quarterly distribution of 46 cents per unit for the first quarter of fiscal 2004, payable on February 25, 2004 to owners of record on February 13, 2004. The February distribution reflects royalties from sales of natural gas, sulfur and oil made during the last calendar quarter of 2003. John R. Van Kirk, Managing Director, reported that this year's distribution was five cents or 9.8% below the distribution for last year's corresponding quarter. The Trust has not yet received all of the information regarding gas sales and prices for the Oldenburg concession which is the Trust's primary royalty area. The information with respect to the higher royalty rate area of western Oldenburg has been received. Gas sales from western Oldenburg declined by 12.9% to 18.17 billion cubic feet ("Bcf") compared to 20.86 Bcf for the first quarter of fiscal 2003. Gas prices for gas sold from western Oldenburg declined by 12.24% to 1.1836 Euro cents per Kwh ("Ecents/Kwh") from 1.3487 Ecents/Kwh for the prior year's equivalent quarter. With both gas prices and sales for western Oldenburg lower, the amount of royalties in Euros prior to conversion declined by 22.8% in comparison to the prior year's period. The average value of the Euro for the current quarter based on the transfer of royalties from western Oldenburg was $1.2245, an increase of 18.7% from the average value of $1.0314 for the prior year's period. This increase reduced the decline in royalties received after their conversion to dollars to just 8.3% in comparison to the amount of dollar royalties received in the prior year's equivalent period. The Annual Meeting of Unit Owners will be held at 1:30 PM on February 11, 2004 at the University Club in New York City. All owners are invited to attend. Please note that the University Club has a dress code that requires business attire to be worn. For further information on this release or the upcoming meeting 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-----