-----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, GOkMtFrmzHaSbik5oRc0qusDP/y9jk4RtOIBAERalMBcmCXvcfzidl43O5lrh6Mk B7MPOJKvMjnTV4HIMcjQqw== 0000072633-06-000012.txt : 20060511 0000072633-06-000012.hdr.sgml : 20060511 20060511125206 ACCESSION NUMBER: 0000072633-06-000012 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: 20060511 DATE AS OF CHANGE: 20060511 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: 06829036 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 ek051106.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): May 11, 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 May 11, 2006 North European Oil Royalty Trust issued a press release via PR Newswire detailing the Trust's earnings for the second quarter of fiscal 2006. Item 9.01. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits Exhibit 99. A press release dated May 11, 2006 and disseminated through PR Newswire announcing the earnings of North European Oil Royalty Trust 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: May 11, 2006 EX-99 2 x99-0511.txt -3- Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES EARNINGS FOR SECOND QUARTER OF FISCAL 2006 Red Bank, N.J. May 11, 2006 -- North European Oil Royalty Trust (NYSE-NRT) reported that net royalty income for the second fiscal quarter ended April 30, 2006 increased by 31% to $8,062,442 compared to the prior year's equivalent period. This level of income permitted a distribution of 88 cents per unit payable on May 31, 2006. John R. Van Kirk, Managing Director, reported that a combination of higher gas prices and higher gas sales offset the minor drop in average exchange rates and resulted in the higher distribution payable. For the quarter just ended the average price of gas sold under the higher royalty rate agreement covering western Oldenburg increased 49.1% to 2.2743 Eurocents/Kwh ("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% to 2.3088 Ecents/Kwh. NORTH EUROPEAN OIL ROYALTY TRUST - (Unaudited) Quarter Ended 4/30/06 4/30/05 German Royalties Received $ 8,297,022 $ 6,332,292 Net Income 8,062,442 6,137,395 Net Income Per Unit $ 0.88 $ 0.69 Distribution Per Unit 0.88 0.69 Six Months Ended 4/30/06 4/30/05 German Royalties Received $16,481,691 $11,487,103 Net Income 16,007,051 10,972,509 Net Income Per Unit $ 1.74 $ 1.23 Distribution Per Unit 1.73 1.23 Gas sales under the higher royalty rate agreement increased 7.8% from the prior year's equivalent period to 19.016 billion cubic feet ("Bcf") in the quarter just ended. Overall gas sales covered under the lower royalty rate agreement increased 8.7% to 46.775 Bcf in comparison to the same period last year. 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 prior year's equivalent period. Compared to the prior year, Trust expenses for the second quarter of fiscal 2006 were higher due to the timing of the payment of the NYSE listing fees and the payment of fees associated with the biennial examination of the operating companies in Germany. However, Trust expenses for the six month period were virtually unchanged when compared to the prior year's equivalent period. 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-----