0000072633-12-000002.txt : 20120201
0000072633-12-000002.hdr.sgml : 20120201
20120201104829
ACCESSION NUMBER: 0000072633-12-000002
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20120131
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20120201
DATE AS OF CHANGE: 20120201
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: 12561371
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
ek020112.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):
January 27, 2012
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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
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(Registrant's telephone number including area code)
Not Applicable
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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 January 27, 2012 North European Oil Royalty Trust issued
a press release via PR Newswire announcing the Trust's
distribution for the first quarter of fiscal 2012.
Furnished herewith is a copy of the press release, which is
incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
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(c) Exhibits
The following exhibit is furnished herewith:
Exhibit 99. A press release dated January 27, 2012 and
disseminated through PR Newswire announcing the
distribution for North European Oil Royalty Trust
for the first quarter of fiscal 2012.
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
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John R. Van Kirk
Managing Director
Dated: February 1, 2012
EX-99
2
x99-0201.txt
-3-
Exhibit 99
PR NEWSWIRE
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES
THE DISTRIBUTION FOR THE FIRST QUARTER OF FISCAL 2012
Red Bank, N.J. January 27, 2012 - The Trustees of North European Oil
Royalty Trust (NYSE-NRT) announced today a quarterly distribution of $0.66
per unit for the first quarter of fiscal 2012, payable on February 29, 2012
to holders of record on February 17, 2012. Royalties attributable to the
sale of natural gas from the Trust's overriding royalty area in northwest
Germany are the primary source of income for the Trust.
John R. Van Kirk, Managing Director, reported that this year's quarterly
distribution of $0.66 was 20% higher than the distribution of $0.55 for the
first quarter of fiscal 2011. No details regarding gas sales or gas prices
have been received as yet. Specific details will be available in the
earnings press release scheduled for release on or about February 14, 2012.
Trust royalty payments for each fiscal quarter are based on actual
royalties payable for the preceding calendar quarter. In the final month
of the Trust's fiscal quarter, the operating companies determine the amount
of royalties that should have been paid to the Trust and compare this amount
to the amount actually paid. Any underpayment is added to the amount of
royalties paid during the final month of the current fiscal quarter. Any
overpayment is deducted from the amount of royalties to be paid in the
first month of the Trust's next fiscal quarter.
The table below shows the anticipated amount of royalties for the second
quarter of fiscal 2012 based on the actual amount of royalties that were paid
to the Trust for the fourth calendar quarter of 2011. Amounts in dollars are
based on the current exchange rate of 1.3145. Actual royalty income in
dollars is valued based on exchange rates on the day funds are transferred.
Combined Royalties Combined Royalties Combined Royalties Dollar Royalties
Anticipated in In Euros In Dollars In Cents per Unit
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February Euros 1,673,424 $2,199,716 $0.2393
March Euros 1,673,424 $2,199,716 $0.2393
April Euros 1,673,424 $2,199,716 $0.2393
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The cumulative 12-month distribution, which includes the February 2012
distribution and the three prior quarterly distributions, is $2.74 per unit.
This 12-month cumulative distribution is 31.10%, or $0.65 per unit, higher
than the prior 12-month distribution of $2.09 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.