0000072633-12-000016.txt : 20120801
0000072633-12-000016.hdr.sgml : 20120801
20120801112919
ACCESSION NUMBER: 0000072633-12-000016
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20120731
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20120801
DATE AS OF CHANGE: 20120801
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: 12999028
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
ek080112.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):
July 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))
-2-
Item 2.02. Results of Operations and Financial Condition.
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On July 27, 2012 North European Oil Royalty Trust issued
a press release via PR Newswire announcing the Trust's
distribution for the third 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 July 27, 2012 and
disseminated through PR Newswire announcing the
distribution for North European Oil Royalty Trust
for the third 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: August 1, 2012
EX-99
2
x99-0801.txt
-3-
Exhibit 99
PR NEWSWIRE
NORTH EUROPEAN OIL ROYALTY TRUST
ANNOUNCES THE DISTRIBUTION
FOR THE THIRD QUARTER OF FISCAL 2012
Red Bank, N.J. July 27, 2012 - The Trustees of North European Oil Royalty
Trust (NYSE-NRT) announced today a quarterly distribution of $0.61 per unit
for the third quarter of fiscal 2012, payable on August 29, 2012 to holders
of record on August 10, 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 $0.61 was 14.08% lower than the distribution of $0.71 for
the third quarter of fiscal 2011. The reasons for the decrease in the
distribution were lower gas sales and a lower average Euro/dollar exchange
rate. Further details will be available in the earnings press release
scheduled for release on or about August 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 actual 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. In the quarter just ending, an
overpayment in the amount of Euros 419,462 will be deducted from royalties
anticipated to be received in August 2012.
The table below shows the anticipated amount of royalties for the fourth
quarter of fiscal 2012 based on the actual amount of royalties that were
payable to the Trust for the second calendar quarter of 2012. Amounts in
dollars are based on the current exchange rate of 1.226. Actual royalty
income in dollars is valued based on exchange rates on the days funds are
transferred. The August estimate below includes an adjustment for the
overpayment of royalties which occurred in the preceding quarter.
Combined Royalties Combined Royalties Combined Royalties Dollar Royalties
Anticipated in In Euros In Dollars In Cents per Unit
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August Euros 967,532 $1,186,194 $0.129
September Euros 1,386,994 $1,700,455 $0.185
October Euros 1,386,994 $1,700,455 $0.185
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Total distributions declared per unit for the first nine months of fiscal 2012
are $1.95 as compared to $1.99 for the same period last year. The cumulative
12-month distribution, which includes the August 2012 distribution and the
three prior quarterly distributions, is $2.59 per unit. This 12-month
-4-
cumulative distribution is 1.57% or $0.04 per unit higher than the prior
12-month distribution of $2.55. 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.