0000072633-12-000010.txt : 20120502
0000072633-12-000010.hdr.sgml : 20120502
20120502103540
ACCESSION NUMBER: 0000072633-12-000010
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20120430
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20120502
DATE AS OF CHANGE: 20120502
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: 12803163
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
ek050212.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 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
------------------------------------------------------------
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))
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Item 2.02. Results of Operations and Financial Condition.
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On April 27, 2012 North European Oil Royalty Trust issued
a press release via PR Newswire announcing the Trust's
distribution for the second 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.
----------------------------------
(c) Exhibits
The following exhibit is furnished herewith:
Exhibit 99. A press release dated April 27, 2012 and
disseminated through PR Newswire announcing the
distribution for North European Oil Royalty Trust
for the second 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
------------------------
John R. Van Kirk
Managing Director
Dated: May 2, 2012
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 2012
Red Bank, N.J. April 27, 2012 The Trustees of North European Oil
Royalty Trust (NYSE-NRT) today announced a quarterly distribution of $0.68
per unit for the second quarter of fiscal 2012, payable on May 30, 2012 to
holders of record on May 11, 2012. Natural gas sold during the first
calendar quarter of 2012 is the primary source of royalty income on which the
May 2012 distribution is based. John R. Van Kirk, Managing Director,
reported that this year's quarterly distribution of $0.68 per unit is 6.85%,
or $0.05 per unit, lower than the distribution of $0.73 per unit for the
second quarter of fiscal 2011. The distribution for the second quarter of
fiscal 2012 reflects the addition of $145,446 in royalties attributable to
sulfur sales from western Oldenburg. No details on sales or production have
yet been received from the operating companies. Specific details will be
available in the earnings press release scheduled for release on or about
May 11, 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 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 overpayment in the amount of Euros 66,252 will be deducted from
royalties anticipated to be received in May 2012.
The table below shows the amount of royalties anticipated to be
received during the third quarter of fiscal 2012 based on the actual amount
of royalties that were paid to the Trust for the first calendar quarter of
2012. Amounts in dollars are based on the current exchange rate of 1.3215.
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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May Euros 1,535,143 $2,028,691 $0.22
June Euros 1,601,395 $2,116,243 $0.23
July Euros 1,601,395 $2,116,243 $0.23
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The cumulative 12-month distribution, which includes the May 2012
distribution and the three prior quarterly distributions, is $2.69 per unit.
This 12-month cumulative distribution is 16.45% or $0.38 per unit higher than
the prior 12-month distribution of $2.31 per unit. The Trust makes quarterly
-4-
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.