8-K

                    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):

                             February 9, 2006
                           --------------------

                      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 4 pages.















                                   -2-



Item 2.02.  Results of Operations and Financial Condition.
            ----------------------------------------------

            On February 9, 2006 North European Oil Royalty Trust issued a
            press release via PR Newswire announcing the Trust's earnings
            for the first quarter of fiscal 2006.


Item 9.01.   Financial Statements and Exhibits.
             ----------------------------------

            (c) Exhibits

                Exhibit 99.  A press release dated February 9, 2006 and
                disseminated through PR Newswire announcing the earnings
                of North European Oil Royalty Trust for the first quarter
                of fiscal 2006.





                                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:   February 10, 2006

EX-99

Exhibit 99
                                                              PR NEWSWIRE

                     NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES
                RESULTS OF ANNUAL MEETING AND FIRST QUARTER EARNINGS



Red Bank, N.J. February 9, 2006 - North European Oil Royalty Trust (NYSE-NRT)
reported that at the Annual Meeting of Unit Owners held today, the currently
serving Trustees John H. Van Kirk, Robert P. Adelman, Samuel M. Eisenstat,
Willard B. Taylor and Rosalie J. Wolf were re-elected.

Earnings for the first three months of fiscal 2006 were also reported at the
Annual Meeting, as indicated below with a comparison to earnings from the
prior year's equivalent quarter:

                               Three Months Ended       Three Months Ended

                                     1/31/06                  1/31/05
                                     -------                  -------

German Royalties Received          $ 8,184,669              $ 5,154,811

Net Income                           7,944,609                4,835,114

Net Income Per Unit                   85 cents                 54 cents

Units Outstanding
     at End of Period                9,184,026                8,933,316


The Trust reported a net income of 86 cents per unit for the first quarter of
fiscal 2006.  With substantial increases in gas prices and moderate increases
in the volume of gas sold under both the higher and lower royalty rate
agreements, the slight fall-off in the average exchange rates (applied to the
royalty transfers from Germany) has little impact.  The resulting increase in
royalty income yielded a significant increase in the distribution payable.

For the quarter just ended the average price of gas sold under the higher
royalty rate agreement increased 57.2% from 1.3010 Eurocents/Kwh
("Ecents/Kwh") to 2.0456 Ecents/Kwh.  For the same period, the average price
of gas sold under the lower royalty rate area increased 49.9% from 1.4169
Ecents/Kwh to 2.1240 Ecents/Kwh.  When converted into more familiar terms
using the applicable exchange rates, the average gas prices for gas sold
under both the higher and lower royalty rate agreements were $7.02/Mcf and
$7.23/Mcf respectively.  The corresponding prices for the first quarter of
fiscal 2005 were $4.94/Mcf and $5.23/Mcf respectively.  Gas sales under the
higher royalty rate agreement covering western Oldenburg increased by 12.7%
to 19.54 billion cubic feet ("Bcf") compared to the first quarter of fiscal
2005.  In a corresponding comparison, overall gas sales covered by the lower
royalty rate agreement increased 8.3% to 47.87 Bcf.    Based on the transfer
of royalties during the quarter, the average value for the Euro declined by
9.2% from a dollar equivalent of 1.3213 for the first quarter of fiscal 2005
to 1.1996 for the quarter just ended.

The distribution of 85 cents per unit previously declared will be paid on
February 22, 2006 to owners of record as of February 10, 2006.

For further information contact John H. Van Kirk, Managing Trustee or
John R. Van Kirk, Managing Director, at (732) 741-4008 or via e-mail at
neort@aol.com