-----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, Bx51NoIMw5KZSiMxQ8pnrUZilr74fiIrqZcMlhW8eHKbn2N0AJB1QweYyRmD4sXA qqbpYhgy55Vzjh9Qzo3MtQ== 0000072633-10-000020.txt : 20101101 0000072633-10-000020.hdr.sgml : 20101101 20101101142805 ACCESSION NUMBER: 0000072633-10-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101031 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101101 DATE AS OF CHANGE: 20101101 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: 101154462 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 ek110110.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): October 28, 2010 ------------------ 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 October 28, 2010 North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's distribution for the fourth quarter of fiscal 2010. Furnished herewith is a copy of the press release, which is incorporated by reference herein. Item 9.01. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits The following exhibit is furnished herewith: Exhibit 99. A press release dated October 28, 2010 and disseminated through PR Newswire announcing the distribution for North European Oil Royalty Trust for the fourth quarter of fiscal 2010. 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: November 1, 2010 EX-99 2 x99-1101.txt -3- Exhibit 99 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FOURTH QUARTER OF FISCAL 2010 Red Bank, N.J. October 28, 2010 The Trustees of North European Oil Royalty Trust (NYSE-NRT) today announced a quarterly distribution of $0.56 per unit for the fourth quarter of fiscal 2010, payable on November 24, 2010 to holders of record on November 12, 2010. Natural gas sold during the third calendar quarter of 2010 is the primary source of royalty income on which the November distribution is based. John R. Van Kirk, Managing Director, reported that this year's quarterly distribution of $0.56 per unit is 47.37%, or $0.18 per unit, higher than the distribution of $0.38 per unit for the fourth quarter of fiscal 2009. In accordance with the new royalty payment procedures, the prior year adjustments, which amounted to approximately $0.03 per unit, are included in the Trust's royalty income for the fourth fiscal quarter. Complete information on sales and production has not yet been received. However, preliminary information indicates that, while gas sales are down from the prior year's equivalent quarter, an increase in gas prices more than compensated for the lower gas sales. This quarter's gas prices were higher than those in the immediately preceding quarter as well. Further details will be available in the press release announcing the Trust's net income scheduled for release on or about November 12, 2010. Based upon the calculations by the operating companies of royalties to be paid during the Trust's first quarter of fiscal 2011 and applying the Euro/dollar exchange rate of 1.3803, the Trust anticipates the royalty income shown in the table below. These figures can only be approximate due to changing Euro/dollar exchange rates. The anticipated royalty income in Euros for January of 1,065,486 may be increased if the operating companies' calculations show an underpayment. Combined Royalties Combined Royalties Combined Royalties Dollar Royalties Anticipated in In Euros In Dollars In Cents per Unit - ------------------------------------------------------------------------------ November Euros 431,807 $ 596,023 $0.065 December Euros 1,065,486 $1,470,690 $0.16 January Euros 1,065,486 $1,470,690 $0.16 - ------------------------------------------------------------------------------ The cumulative 12-month distribution, which includes this November distribution and the three prior quarterly distributions, is $2.04 per unit. This 12-month cumulative distribution is 32.23%, or $0.97 per unit, lower than the prior 12-month distribution of $3.01 per unit. The Trust makes quarterly distributions to unit owners during the months of February, May, August and November. Contact -- John R. Van Kirk, Managing Director, telephone: (732) 741-4008, e-mail: jvankirk@neort.com. The text of the Trust's press releases along with other pertinent information is available at the Trust's website: www.neort.com. -----END PRIVACY-ENHANCED MESSAGE-----