-----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, FRcd+vEad2uvxIeLsjWURjK7yy4YFL33RW4LlCmlMRCZ9J4tWIKJBfk4GhbtRI0p u+ThbOEU54pavE4dEZWZ0A== 0000072633-05-000028.txt : 20051114 0000072633-05-000028.hdr.sgml : 20051111 20051114102920 ACCESSION NUMBER: 0000072633-05-000028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051031 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051114 DATE AS OF CHANGE: 20051114 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: 051197596 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 ek111105.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 10, 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 November 10, 2005 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's earnings for the fourth quarter of fiscal 2005. Item 9.01. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits Exhibit 99. A press release dated November 10, 2005 and disseminated through PR Newswire announcing the earnings of North European Oil Royalty Trust for the fourth 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: November 11, 2005 EX-99 2 x99-1111.txt -3- Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES FOURTH QUARTER AND FISCAL YEAR EARNINGS Red Bank, N.J. November 10, 2005 -- North European Oil Royalty Trust (NYSE- NRT) reported that royalty revenues for the fourth quarter of its fiscal year ended October 31, 2005 increased by 34.0% from those for the same period last year. All comparisons are to the prior year's equivalent period. The combination of higher gas sales under the higher royalty agreement covering western Oldenburg and a higher gas prices for gas sold under both royalty agreements resulted in the increase in royalty income. Under the lower royalty rate agreement covering the entire Oldenburg concession, overall gas sales for the quarter decreased by 12.0% from 35.91 billion cubic feet ("Bcf") to 31.59 Bcf. Gas sales for western Oldenburg increased 13.7% from 12.95 Bcf to 14.72 Bcf. Average gas prices for gas sold from western Oldenburg increased by 23.3%, from 1.2491 Euro cents per kilowatt hour ("Ecents/Kwh") to 1.5397 Ecents/Kwh. Average gas prices for gas sold from the entire concession increased 31.0%, from 1.2118 Ecents/Kwh to 1.5874 Ecents/Kwh. Based upon transfers during the quarter, the Euro had an average dollar equivalent value of $1.2122, 2.6% lower than last year's dollar equivalent value of $1.2449. Using their respective average exchange rates to convert German gas prices into familiar terms yields average prices of $5.37 and $5.40 per Mcf under the higher and lower royalty rate agreements, respectively. The Trust declared a distribution to owners of 42 cents per unit for the fourth fiscal quarter to be paid on November 30, 2005 to owners of record on November 10, 2005. Net income per unit for the 2005 fiscal year was $2.20 compared to $1.60 for the prior year, an increase of 37.5%. NORTH EUROPEAN OIL ROYALTY TRUST Quarter Ended October 31, 2005 October 31, 2004 - ------------- ---------------- ---------------- German Royalties Received $ 4,178,412 $ 3,118,751 Net Income 4,030,630 2,962,955 Net Income Per Unit $0.44 $0.33 Fiscal Year Ended October 31, 2005 October 31, 2004 - ------------- ---------------- ---------------- German Royalties Received $21,085,039 $15,061,209 Net Income 20,222,814 14,307,658 Net Income Per Unit $2.20 $1.60 Contact -- John H. Van Kirk, Managing Trustee, or John R. Van Kirk, Managing Director, at (732) 741-4008, e-mail at NEORT@AOL.Com, website: www.NEORT.com. -----END PRIVACY-ENHANCED MESSAGE-----