-----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, GlhB27L36PAhzK2Yhz+XcNA0LUntV5Tp2CkCh84JqUjBiKsXUpl93u51Qg/Ux0Nq 7KM/Ztyh8p+UGMShf1Z/FQ== 0000072633-06-000020.txt : 20060815 0000072633-06-000020.hdr.sgml : 20060815 20060815121247 ACCESSION NUMBER: 0000072633-06-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060731 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060815 DATE AS OF CHANGE: 20060815 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: 061033952 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 ek081406.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): August 14, 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) Not Applicable ------------------------------------------------------------ Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) -2- Item 2.02. Results of Operations and Financial Condition. ---------------------------------------------- On August 14, 2006 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's earnings for the third quarter of fiscal 2006. Furnished herewith is a copy of the press release, which is incorporated by reference herein. The information in this Item 2.02, including Exhibit 99 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing. Item 9.01. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits The following exhibit is furnished herewith: Exhibit 99. A press release dated August 14, 2006 and disseminated through PR Newswire announcing the earnings of North European Oil Royalty Trust 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: August 15, 2006 EX-99 2 x99-0814.txt -3- Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES EARNINGS FOR THE THIRD FISCAL QUARTER & THE NINE-MONTH PERIOD Red Bank, N.J. August 14, 2006 -- North European Oil Royalty Trust (NYSE-NRT) announced that Trust net income for its third fiscal quarter ended July 31, 2006 was $7,140,701, an increase of 36.8% from the prior year's equivalent period. Net income for the nine-month period ended July 31, 2006 was $23,147,752, an increase of 43% from the prior year's equivalent period. Cumulative distributions for the twelve-month period including the quarter just ended totaled $2.92 per unit. The significantly higher average gas prices under both higher and lower royalty rate agreements are the primary reason behind the significant increase in royalty income for the quarter. The higher gas prices along with higher overall gas sales and higher average exchange rates more than offset the decline in gas sales under the higher royalty agreement covering western Oldenburg. NORTH EUROPEAN OIL ROYALTY TRUST - (Unaudited) ---------------------------------------------- Quarter Ended 7/31/06 7/31/05 - ------------- ----------- ----------- German Royalties Received $ 7,312,458 $ 5,419,524 Net Income 7,140,701 5,219,675 Net Income Per Unit $ 0.78 $ 0.57 Distributions Per Unit $ 0.77 $ 0.57 Nine Months Ended 7/31/06 7/31/05 - ----------------- ----------- ----------- German Royalties Received $23,794,149 $16,906,627 Net Income 23,147,752 16,192,184 Net Income Per Unit $ 2.52 $ 1.77 Distributions Per Unit $ 2.50 $ 1.80 The average price for gas sold under the lower royalty rate agreement increased by 43.9% from 1.5216 Euro cents per Kilowatt hour ("Ecents/Kwh") to 2.1900 Ecents/Kwh. Overall gas sales under the same agreement increased by 1.6% from 41.909 billion cubic feet ("Bcf") to 42.563 Bcf. The average price for gas sold under the higher royalty rate agreement increased 38.5% from 1.4738 Ecents/Kwh to 2.0417 Ecents/Kwh. Gas sales under the same agreement declined by 3.9% from 18.325 Bcf to 17.613 Bcf. Based on the transfer from Germany of royalties received under the higher and lower royalty rate agreements, the average value of the Euro for the quarter just ended increased 4.8% and 2.9%, respectively, to a dollar equivalent of $1.2631 and $1.2615, respectively. Using the average value for the Euro to convert German gas prices into more familiar terms yields average gas prices for the higher and lower royalty rate areas respectively of $7.42 and $7.75 per Mcf. Compared to the prior year, Trust expenses for the third quarter of fiscal 2006 increased 2.6% to $225,639. Trust expenses for the nine-month period were virtually unchanged when compared to the prior year's equivalent period, rising less than 1% to $754,975. 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-----