-----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, G0VanAMuG//pA2nUVOPFLHFIlIKruX1HxKQmP1jCI7s/+6m3SfhrJlHLFJFNuzGJ u5INQ+nJ6q930bc8TVklyA== 0000072633-04-000025.txt : 20041115 0000072633-04-000025.hdr.sgml : 20041115 20041115124249 ACCESSION NUMBER: 0000072633-04-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041031 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041115 DATE AS OF CHANGE: 20041115 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: 041143229 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 ek111504.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 12, 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 2.02. Results of Operations and Financial Condition. ----------------------------------------------- On November 12, 2004 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's earnings for the fourth quarter of fiscal 2004. Item 9.01. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits Exhibit 99. A press release dated November 12, 2004 and disseminated through PR Newswire announcing the earnings of North European Oil Royalty Trust for the fourth 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: November 15, 2004 EX-99 2 x99-1115.txt -3- Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES FOURTH QUARTER AND FISCAL YEAR EARNINGS Red Bank, N.J. November 12, 2004 -- North European Oil Royalty Trust (NYSE-NRT) reported that royalty revenues for the fourth quarter of its fiscal year through October 31, 2004 decreased by 25.1% from those for the same period last year. All comparisons are to the prior year's equivalent period. The combination of declines in gas sales under both royalty agreements and a drop in gas prices for gas sold from western Oldenburg resulted in the decline in royalty income. Under the lower royalty rate agreement covering the entire Oldenburg concession, overall gas sales for the quarter decreased by 9.95% to 35.91 billion cubic feet ("Bcf") while gas prices increased by 2.1% to 1.2118 Euro cents per kilowatt hour ("Ecents/Kwh"). Under the higher royalty rate agreement covering western Oldenburg, gas sales declined by 25.7% to 12.95 Bcf while gas prices fell 15.1% to 1.2491 Ecents/Kwh. Based upon transfers during the quarter, the Euro had an average dollar equivalent value of $1.2449, 10.77% higher than last year's dollar equivalent value of $1.1239. Using their respective average exchange rates to convert German gas prices into familiar terms yields average prices of $4.44 and $4.25 per Mcf under the higher and lower royalty rate agreements, respectively. The Trust declared a distribution to owners of 33 cents per unit for the fourth fiscal quarter to be paid on November 24, 2004 to owners of record on November 12, 2004. Net income per unit for the 2004 fiscal year was $1.60 compared to $1.95 for the prior year, a decrease of 17.9%. NORTH EUROPEAN OIL ROYALTY TRUST Quarter Ended October 31, 2004 October 31, 2003 - ------------- ---------------- ---------------- German Royalties Received $ 3,118,751 $ 4,166,398 Net Income 2,962,955 3,997,312 Net Income Per Unit $0.33 $0.45 Fiscal Year Ended October 31, 2004 October 31, 2003 - ------------- ---------------- ---------------- German Royalties Received $15,061,209 $18,169,035 Net Income 14,307,658 17,398,359 Net Income Per Unit $1.60 $1.95 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-----