-----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, QhDmIci/Ni8es9Yd+BiroHG1ztnbjK4yimeczAqCKB6Vk+4YM7kxnRoSr1DBHPNG bjj0Uz3hfjtgQ5iMprV7vA== 0000072633-06-000010.txt : 20060501 0000072633-06-000010.hdr.sgml : 20060501 20060501131005 ACCESSION NUMBER: 0000072633-06-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060430 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060501 DATE AS OF CHANGE: 20060501 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: 06793728 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 ek042806.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 28, 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 3 pages. -2- Item 2.02. Results of Operations and Financial Condition. ---------------------------------------------- On April 28, 2006 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's distribution for the second quarter of fiscal 2006. Item 9.01. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits Exhibit 99. A press release dated April 28, 2006 and disseminated through PR Newswire announcing the distribution for the second 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: April 28, 2006 EX-99 2 x99-0428.txt -3- Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE SECOND QUARTER OF FISCAL 2006 RED BANK, N.J. April 28, 2006 -- The Trustees of North European Oil Royalty Trust (NYSE-NRT) approved a quarterly distribution of 88 cents per unit, payable on May 31, 2006 to holders of record on May 12, 2006. John R. Van Kirk, Managing Director, noted that this quarter's distribution was 19 cents more than the distribution made for last year's equivalent quarter. All comparisons are made to the prior year's equivalent period. Higher gas prices and higher gas sales easily offset the impact of lower average exchange rates and resulted in the increased distribution. For the quarter just ended the average price of gas sold under the higher royalty rate agreement covering western Oldenburg increased 49.1% from 1.5258 Eurocents/Kwh ("Ecents/Kwh") to 2.2743 Ecents/Kwh. For the same period, the average price of gas sold under the lower royalty rate agreement covering the entire Oldenburg concession increased 44.1% from 1.6018 Ecents/Kwh to 2.3088 Ecents/Kwh. When converted into more familiar terms using the applicable exchange rates, the average gas prices for gas sold under the higher and lower royalty rate agreements during the second quarter of fiscal 2006 were $7.91 and $7.84/Mcf respectively, as compared to $5.72 and $5.86/Mcf respectively for the prior year. Gas sales under the higher royalty rate agreement increased 7.8% from 17.639 billion cubic feet ("Bcf") in the second quarter of fiscal 2005 to 19.016 Bcf in the quarter just ended. Overall gas sales covered under the lower royalty rate agreement increased 8.7% from 43.045 Bcf to 46.775 Bcf in comparison for the same period. Based on the cumulative transfers throughout the quarter just ended, the average value of the Euro was $1.2093. This value represents a 7% decline from the Euro's average value of $1.3009 for the second quarter of fiscal 2005. Total distributions payable of $1.73 per unit for the first six months of fiscal 2006 were 50 cents higher than the $1.23 distributed for last year's first six months. 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 2006. The Trust makes quarterly distributions to unit owners during the months of February, May, August and November. Including this quarter's distribution payable, the cumulative distribution for the previous twelve months is $2.72 per unit. 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-----