0000072633-16-000028.txt : 20160119
0000072633-16-000028.hdr.sgml : 20160118
20160119161057
ACCESSION NUMBER: 0000072633-16-000028
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20160118
ITEM INFORMATION: Other Events
FILED AS OF DATE: 20160119
DATE AS OF CHANGE: 20160119
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: 161348437
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
ek011816.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 18, 2016
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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 8.01. Other Events.
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On January 18, 2016 North European Oil Royalty Trust issued a
press release via PR Newswire announcing the receipt of
preliminary information relating to a potential royalty
adjustment. Filed herewith is a copy of the press release,
which is incorporated by reference herein.
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: January 18, 2016
EX-99
2
x99-0118.txt
-3-
Exhibit 99
PR NEWSWIRE
NORTH EUROPEAN OIL ROYALTY TRUST
ANNOUNCES THE RECEIPT OF PRELIMINARY INFORMATION
RELATING TO A POTENTIAL ROYALTY ADJUSTMENT
Red Bank, N.J. January 18, 2016 North European Oil Royalty Trust (the
"Trust") (NYSE-NRT) has been notified by its German accountants, who are in
the process of conducting their examination of the 2013-14 royalty payments
by the operating companies, that the reconciliation in 2013 of a dispute
between Oldenburgische Erdol Gesellschaft ("OEG") and one of its customers
was not properly reflected in the system by which the average gas sales price
is calculated. It is the calculation of the average gas sales price that
forms the basis for the final determination of royalty payments due the
Trust. This dispute covered a period of several years, but the Trust does
not have information about how far back the dispute related to.
The Trust is awaiting further information from OEG, but preliminary
statements by OEG suggest that the aggregate negative adjustment OEG might
claim could be up to approximately Euros 1 million (which would be
approximately 12 cents per unit at current exchange rates). Beyond the
statements to the Trust's German accountants, discussions of any possible
adjustments have not taken place, and the Trust only has limited information
at this point. As a result, the actual amount and the timing of any such
adjustment are not yet known. The Trust, together with its German advisors,
will closely examine the final report from OEG once it is received and will
actively contest any portion of such adjustment that it does not believe is
warranted.
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.