-----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, QGj4uJ0/Yej8SbFIIOvd7MDYihIBybBF+ZdrM/iCyuE5IBlD30j7RI/RhLEtAxUn LME2VJ9dnXZ7dZhgQ4jjXQ== 0000072633-08-000005.txt : 20080215 0000072633-08-000005.hdr.sgml : 20080215 20080215143720 ACCESSION NUMBER: 0000072633-08-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080131 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080215 DATE AS OF CHANGE: 20080215 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: 08622245 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 ek021308.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): February 13, 2008 ------------------- 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 February 13, 2008 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's net income for the first quarter of fiscal 2008. 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 February 13, 2008 and disseminated through PR Newswire announcing the net income of North European Oil Royalty Trust for the first quarter of fiscal 2008. 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 15, 2008 EX-99 2 x99-0213.txt Exhibit 99.1 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES RESULTS OF ANNUAL MEETING AND FIRST QUARTER NET INCOME Red Bank, N.J. February 13, 2008 -- North European Oil Royalty Trust (NYSE- NRT) reported that at the Annual Meeting of Unit Owners held today in New York, unit owners re-elected the currently serving Trustees: Robert P. Adelman, Samuel M. Eisenstat, Lawrence A. Kobrin, Willard B. Taylor and Rosalie J. Wolf. The two proposed amendments to the Trust Agreement, previously submitted to the unit owners, were approved. Net income for the first quarter of fiscal 2008 was reported at the Annual Meeting and appears below, compared with the first quarter of fiscal 2007 First Fiscal First Fiscal Percentage Quarter Quarter Change Ended 1/31/08 Ended1/31/07 ------------- ------------ ---------- German Royalties Received $7,215,083 $8,483,387 -14.95% Net Income $6,979,325 $8,260,186 -15.51% Net Income per Unit $0.76 $0.90 -15.56% Distribution per Unit $0.76 $0.89 -14.61% Net income in the first quarter of 2008 was lower than the first quarter 2007 due to declines in both gas sales and gas prices, in part offset by a stronger Euro. First Fiscal First Fiscal Percentage Quarter Quarter Change Ended 1/31/08 Ended 1/31/07 ------------- ------------- ---------- Mobil Agreement: Gas Sales(Bcf)(1) 14.251 Bcf 17.512 Bcf -18.62% Gas Prices(Ecents/Kwh)(2) 2.0876 Ecents/Kwh 2.2673 Ecents/Kwh -7.93% Gas Prices($/Mcf)(3) $8.83/Mcf $8.51/Mcf +3.72% OEG Agreement: Gas Sales(Bcf)(1) 34.716 Bcf 41.976 Bcf -17.3% Gas Prices(Ecents/Kwh)(2) 2.1921 Ecents/Kwh 2.4017 Ecents/Kwh -8.73% Gas Prices($/Mcf)(3) $9.06/Mcf $8.80/Mcf +2.98% Average Exchange Rate $1.4694 $1.3054 +12.56% (1) Billion cubic feet (2) Euro cents per Kilowatt hour (3) Dollars per thousand cubic feet The previously declared distribution of 76 cents per unit will be paid on February 27, 2008 to owners of record as of February 15, 2008. For further information contact John R. Van Kirk, Managing Director, at (732) 741-4008 or via e-mail at jvankirk@neort.com. -----END PRIVACY-ENHANCED MESSAGE-----