0000072633-13-000002.txt : 20130201
0000072633-13-000002.hdr.sgml : 20130201
20130201125824
ACCESSION NUMBER: 0000072633-13-000002
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20130131
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20130201
DATE AS OF CHANGE: 20130201
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: 13565856
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
ek020113.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 30, 2013
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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 30, 2013 North European Oil Royalty Trust issued
a press release via PR Newswire announcing the Trust's
distribution for the first quarter of fiscal 2013.
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 January 30, 2013 and
disseminated through PR Newswire announcing the
distribution for North European Oil Royalty Trust
for the first quarter of fiscal 2013.
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: February 1, 2013
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 2013
Red Bank, N.J. January 30, 2013 - The Trustees of North European Oil
Royalty Trust (NYSE-NRT) today announced a quarterly distribution of $0.59
per unit for the first quarter of fiscal 2013, payable on February 27, 2013
to holders of record on February 15, 2013. Natural gas sold during the
fourth calendar quarter of 2012 is the primary source of royalty income on
which the February distribution is based.
John R. Van Kirk, Managing Director, reported that this year's quarterly
distribution of $0.59 per unit is 10.6%, or $0.07 per unit, lower than the
distribution of $0.66 per unit for the first quarter of fiscal 2012.
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 distribution on or about February 12, 2013.
Trust royalty payments for each fiscal quarter are now 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 already 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. On January 25, 2013,
the Trust received Euros 917,215 or $1,229,251, which represented the
underpayment of royalties from the prior calendar quarter.
The table below shows the anticipated amount of gross royalties for the
second quarter of fiscal 2013 based on the actual amount of royalties that
were payable to the Trust for the fourth calendar quarter of 2012. Amounts
in dollars are based on the current exchange rate of 1.3472. Actual royalty
income in dollars is valued based on the 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 1,538,527 $2,072,704 $0.225
March Euros 1,538,527 $2,072,704 $0.225
April Euros 1,538,527 $2,072,704 $0.225
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The cumulative 12-month distribution, which includes this February
distribution and the three prior quarterly distributions, is $2.39 per unit.
This 12-month cumulative distribution is 12.77% or $0.35 per unit lower than
the prior 12-month distribution of $2.74 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.