-----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, DvfQ33pBJuGokwy1zkIDlLG9lGe4ElHdJqK93cmdhiSe0/dYjsUC/mBHWZAtEeNi 7KM5NNN2nONrSTUc7Q6EoQ== 0000072633-05-000016.txt : 20050729 0000072633-05-000016.hdr.sgml : 20050729 20050729151600 ACCESSION NUMBER: 0000072633-05-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050728 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050729 DATE AS OF CHANGE: 20050729 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: 05984591 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 ek072805.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): July 28, 2005 -------------------- 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 July 28, 2005 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's distribution for the third quarter of fiscal 2005. Item 9.01. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits Exhibit 99. A press release dated July 28, 2005 and disseminated through PR Newswire announcing the distribution for the third quarter of fiscal 2005. 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: July 29, 2005 EX-99 2 x99-0728.txt -3- Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE THIRD QUARTER OF FISCAL 2005 RED BANK, N.J. July 28, 2005 -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today a quarterly distribution of 57 cents per unit, payable on August 31, 2005 to holders of record on August 12, 2005. John R. Van Kirk, Managing Director, reported that this year's quarterly distribution was 20 cents or 54.1% higher than the distribution for the third quarter of fiscal 2004. He noted that information received to date from the operating companies indicated that a combination of higher levels of gas sales and higher gas prices, coming at a time of a comparatively flat exchange rate, were the most likely factors behind the increase. Mr. Van Kirk pointed out that the amount of the distribution per unit was affected by an increase in the number of units outstanding. This increase in units outstanding, a 2.6% dilution, resulted from the distribution of 234,681 Trust units to the States of Delaware and New York on June 30, 2005. This distribution completed implementation of the February 26, 1996 consent decree and agreement concerning previously unlocated holders of Trust units or shares of predecessor corporations, and eliminated the need for any payments of lump sum amounts to presenting claimants. That requirement has been in effect since the date at which the Trust's predecessor company was reorganized in 1957. In the area covered by the Trust's higher royalty rate agreement, gas sales increased by 20.9% from 15.2 billion cubic feet ("Bcf") to 18.3 Bcf, and the average price of gas sold increased 30.7% from 1.1276 Euro cents per kilowatt hour ("Ecents/Kwh") to 1.4738 Ecents/Kwh. Based on the transfer of royalties from Germany received under the higher royalty rate agreement, the average value of the Euro declined from month to month during the quarter. The average value of the Euro for the quarter just ended increased 1.2 % from a dollar equivalent of $1.2124 last year to $1.2264 in the current year. Total distributions of $1.80 per unit for the first nine months of fiscal 2005 were 54 cents per unit or 42.9% higher than the amount distributed for the same period last year. Including this distribution, during the last twelve months the Trust has distributed $2.13 per unit. Distributions are made to Trust unit owners from royalties received from oil, sulfur and gas sales from royalty holdings in Germany. The August distribution reflects royalties received from sales made during the second calendar quarter of 2005. The Trust makes quarterly distributions to unit owners during the months of February, May, August and November. Contact -- John H. Van Kirk, Managing Trustee, or John R. Van Kirk, Managing Director, telephone: (732) 741-4008, e-mail: NEORT@AOL.Com. Website: www.neort.com -----END PRIVACY-ENHANCED MESSAGE-----