-----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, Cm7R0/wzz4LFmRO4LKUQO1wwY5xay6ZtglYIF8gm99x+zLaG82/ISYHYqWJGDcvq eXPJeOBWNGtKG3OeLFwugQ== 0000072633-04-000009.txt : 20040503 0000072633-04-000009.hdr.sgml : 20040503 20040503153834 ACCESSION NUMBER: 0000072633-04-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040430 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040503 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: 04773524 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 ek050304.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): April 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 April 29, 2004 and disseminated through PR Newswire announcing the distribution for the second quarter of fiscal 2004. Item 12. Results of Operations and Financial Condition. ----------------------------------------------- On April 29, 2004 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's Distribution for the second 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: May 3, 2004 EX-99 2 x99-0503.txt Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE SECOND QUARTER OF FISCAL 2004 RED BANK, N.J. April 29, 2004 -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) approved a quarterly distribution of 43 cents per unit, payable on May 26, 2004 to holders of record on May 14, 2004. John R. Van Kirk, Managing Director, noted that this quarter's distribution was 7 cents below the distribution made for last year's equivalent quarter. Only the information on gas sales from the higher royalty rate area of western Oldenburg has been received at this time. The remediation program instituted by the operating companies to address the fall-off in gas production is ongoing but will likely not have any significant impact on production until fiscal 2005. Gas sales from western Oldenburg decreased by 15.1% from 20.3 Billion cubic feet ("Bcf") to 17.3 Bcf. The increase in the Euro/dollar exchange rate that began in late 2002 continues to counter the high dollar prices we are seeing for oil on the international market. With the price of German oil used as a factor in the pricing of gas, the resulting German gas prices have continued to lag behind last year's prices. While this quarter's average gas price has improved over the prior quarter, it shows a 8.6% decline from the prior year's equivalent quarter falling from 1.3761 Euro cents per Kwh ("Ecents/Kwh") to 1.2583 Ecents/Kwh. The average value of the Euro for the current quarter based on the transfer of royalties from western Oldenburg was $1.2106, an increase of 12.3% from the average value of $1.0778 for the prior year's period. Using this exchange rate to convert German gas prices into familiar terms yields an average price of $4.34 per Mcf under the higher royalty rate agreement. Total distributions of $0.89 per unit for the first six months of fiscal 2004 were 12 cents lower than the $1.01 distributed for last year's six month period. Distributions are made to Trust unit owners from royalties received from the sales of gas, sulfur and oil from the Trust's royalty holdings in Germany. The May distribution reflects royalties from sales made during the first calendar quarter of 2004. The Trust makes quarterly distributions to unit owners during the months of February, May, August and November. Contact -- John H. Van Kirk, Managing Trustee of North European Oil Royalty Trust, or John R. Van Kirk, Managing Director, at P.O. Box 456; Red Bank, N.J. 07701, telephone: (732) 741-4008, E-Mail: neort@aol.com. Website: www.neort.com. -----END PRIVACY-ENHANCED MESSAGE-----