0000072633-11-000010.txt : 20110502
0000072633-11-000010.hdr.sgml : 20110502
20110502121129
ACCESSION NUMBER: 0000072633-11-000010
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20110430
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20110502
DATE AS OF CHANGE: 20110502
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: 11799028
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
ek050211.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):
April 29, 2011
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NORTH EUROPEAN OIL ROYALTY TRUST
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(Exact name of Registrant as specified in its charter)
Commission File No. 1-8245
Delaware 22-2084119
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(State of organization) (IRS Employer I.D. No.)
Suite 19A, 43 West Front Street, Red Bank, N.J. 07701
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(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.
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On April 29, 2011 North European Oil Royalty Trust issued
a press release via PR Newswire announcing the Trust's
distribution for the second quarter of fiscal 2011.
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 April 29, 2011 and
disseminated through PR Newswire announcing the
distribution for North European Oil Royalty Trust
for the second quarter of fiscal 2011.
SIGNATURES
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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 2, 2011
EX-99
2
x99-0502.txt
-3-
Exhibit 99
PR NEWSWIRE
NORTH EUROPEAN OIL ROYALTY TRUST
ANNOUNCES THE DISTRIBUTION
FOR THE SECOND QUARTER OF FISCAL 2011
Red Bank, N.J. April 29, 2011 -The Trustees of North European Oil
Royalty Trust (NYSE-NRT) today announced a quarterly distribution of $0.73
per unit for the second quarter of fiscal 2011, payable on May 25, 2011 to
holders of record on May 13, 2011. Natural gas sold during the first calendar
quarter of 2011 is the primary source of royalty income on which the May
distribution is based. John R. Van Kirk, Managing Director, reported that
this year's quarterly distribution of $0.73 per unit is 43.14%, or $0.22 per
unit, higher than the distribution of $0.51 per unit for the second quarter
of fiscal 2010. No information on sales or production has yet been received.
Details will be available in the press release announcing the Trust's net
income scheduled for release on or about May 13, 2011.
Trust royalty payments for each fiscal quarter are now based on
actual royalties payable for the preceding calendar quarter. As part of the
royalty payment process, in the final month of the Trust's fiscal quarter the
operating companies determine the actual amount of royalties that should have
been paid to the Trust and compare this amount to the amount actually paid.
Any overpayment is deducted from the amount of royalties to be paid in the
first month of the Trust's next fiscal quarter. Any underpayment would be
added to the amount of royalties paid during the final month of the current
fiscal quarter. In the quarter just ending, an underpayment in the amount of
$188,254 was received on April 26, 2011. Additionally, a royalty payment in
the amount of $161,723 was received for sulfur sales from western Oldenburg.
The table below shows the anticipated amount of royalties in Euros
(based on the actual amount of royalties that were paid to the Trust for the
first calendar quarter of 2011), in dollars based on the current exchange
rate of 1.464905 and the dollar royalties in cents per unit. These figures
can only be approximate due to changing Euro/dollar exchange rates.
Combined Royalties Combined Royalties Combined Royalties Dollar Royalties
Anticipated in In Euros In Dollars In Cents per Unit
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May Euros 1,593,423 $2,334,213 $0.25
June Euros 1,593,423 $2,334,213 $0.25
July Euros 1,593,423 $2,334,213 $0.25
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The cumulative 12-month distribution, which includes this May
distribution and the three prior quarterly distributions, is $2.31 per unit.
This 12-month cumulative distribution is 17.26% or $0.34 per unit higher than
the prior 12-month distribution of $1.97 per unit. The Trust makes quarterly
distributions to unit owners during the months of February, May, August and
November.
-4-
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.