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):

                              July 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)


















                                   -2-



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

            On July 28, 2006 North European Oil Royalty Trust issued a
            press release via PR Newswire announcing the Trust's
            distribution for the third quarter of fiscal 2006.



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

            (c) Exhibits

                Exhibit 99.  A press release dated July 28, 2006 and
                disseminated through PR Newswire announcing the distribution
                for the third 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:   July 31, 2006

EX-99

                                   -3-


Exhibit 99
                                                              PR NEWSWIRE

                    NORTH EUROPEAN OIL ROYALTY TRUST
                       ANNOUNCES THE DISTRIBUTION
                  FOR THE THIRD QUARTER OF FISCAL 2006

Red Bank, N.J.  July 28, 2006 --  The Trustees of North European Oil Royalty
Trust (NYSE-NRT) announced today a quarterly distribution of 77 cents per
unit for the third quarter of fiscal 2006, payable on August 30, 2006 to
holders of record on August 11, 2006.  John R. Van Kirk, Managing Director,
reported that this year's quarterly distribution was 20 cents or 35.1% higher
than the distribution for the third quarter of fiscal 2005.  He noted that
information received to date from the operating companies indicated that a
combination of higher gas prices and a minor increase in the average
Euro/dollar exchange rate more than offset the slight decline in gas sales
and resulted in the higher distribution per unit.

In the area covered by the Trust's higher royalty rate agreement, the average
price of gas sold increased 38.5% from 1.4738 Euro cents per kilowatt hour
("Ecents/Kwh") to 2.0417 Ecents/Kwh.  Gas sales decreased by 3.9% from 18.3
billion cubic feet ("Bcf") to 17.6 Bcf.  This decrease occurred primarily in
the final month of the quarter and can be attributed at least in part to the
partial shutdown of the Grossenkneten desulfurization plant during this
period.  Based on the transfer from Germany of royalties received under the
higher royalty rate agreement, the average value of the Euro for the quarter
just ended increased 3.0% from a dollar equivalent of $1.2264 last year to
$1.2631 in the current year.

Total distributions of $2.50 per unit for the first nine months of fiscal
2006 were 70 cents  per unit or 38.9% higher than the amount distributed for
the same period last year.   Including this distribution, during the last
twelve months the Trust has distributed $2.92 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
2006.  The Trust makes quarterly distributions to unit owners during the
months of February, May, August and November.


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.