8-K

UNITED STATES 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): February 15, 2018 NORTH EUROPEAN OIL ROYALTY TRUST (Exact name of Registrant as specified in its charter) Commission File No. 1-8245 Delaware          22-2084119 (State of organization)     (IRS Employer I.D. No.) 43 West Front Street, Suite 19A, Red Bank, NJ 07701 (Address of principal executive offices) (732) 741-4008 (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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      [ ]

Item 2.02.    Results of Operations and Financial Condition.

On February 15, 2018, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's net income for the first quarter of fiscal 2018. 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 February 16, 2018 and disseminated through PR Newswire announcing the net income for North European Oil Royalty Trust for the first quarter of fiscal 2018.

 

SIGNATURES

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 hereunto duly authorized.

NORTH EUROPEAN OIL ROYALTY TRUST
(Registrant)

By:  /s/ John R. Van Kirk
    John R. Van Kirk
      Managing Director

February 16, 2018

EX-99 2 x99-0216.htm

Exhibit 99

PR NEWSWIRE

NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE NET INCOME FOR THE FIRST QUARTER OF FISCAL 2018

Red Bank, N.J.  February 15, 2018  -  North European Oil Royalty Trust (NYSE-NRT) reported the net income for the first quarter of fiscal 2018 which appears in the table below compared to net income for the first quarter of fiscal 2017. Total royalty income includes adjustments made by the operating companies to reflect their corrected royalty calculations for prior periods as well as the inclusion or absence of Mobil sulfur royalties. The total adjustments for the first quarter of fiscal 2018 decreased total royalty income by $129,582. By comparison, in the first quarter of fiscal 2017, total adjustments increased total royalty income by $23,796.

	1st Fiscal Quarter Ended 1/31/2018	1st Fiscal Quarter Ended 1/31/2018	Percentage Change
Total Royalty Income	$1,770,241	$1,724,686	+  2.64%
Net Income	$1,495,086	$1,475,017	+  1.36%
Distributions per Unit	$0.17	$0.15	+13.33%

The Trust receives nearly all of its royalties under two royalty agreements. The Mobil Agreement, which is the higher royalty rate agreement, covers gas sales from the western half of the Oldenburg concession. The OEG Agreement, which is the lower royalty rate agreement, covers gas sales from the entire Oldenburg concession. The factors determining the amount of gas royalties payable under the two agreements from the preceding calendar quarter are shown in the table below comparing the fourth calendar quarters of 2017 and 2016. Further details will be available in the Trust's 10-Q filing available through the SEC or on the Trust's website, www.neort.com, on or about February 27, 2018.

Quarterly Gas Data Providing Basis for Fiscal Quarter Royalties

Mobil Agreement	4th Calendar Quarter Ended 12/31/2017	4th Calendar Quarter Ended 12/31/2016	Percentage Change
Gas Sales (Bcf) 1	5.660	6.189	- 12.78%
Gas Prices2 (Ecents/Kwh)3	1.6593	1.4789	+ 12.20%
Average Exchange Rate4	1.1965	1.0582	+ 13.07%
Gas Royalties	$1,278,038	$1,164,964	+ 9.71%
OEG Agreement
Gas Sales (Bcf)	18.150	20.060	-  9.52%
Gas Prices (Ecents/Kwh)	1.6921	1.5081	+12.20%
Average Exchange Rate	1.2008	1.0590	+ 13.39%
Gas Royalties	$540,669	$466,168	+15.98%

Footnotes:

1. 1. Billion cubic feet
2. 2. Gas prices derived from May-July period
3. 3. Euro cents per kilowatt hour
4. 4. Based on average Euro/dollar exchange rates of cumulative royalty transfers

Trust expenses for the first quarter of fiscal 2018 increased 10.45%, or $26,167, to $276,626 from $250,459 for the first quarter of fiscal 2017. The increase in expenses reflects costs relating to the biennial examination of the royalty statements by the Trust's German accountants, increased Trustee fees as specified in the Trust Agreement, and the timing of mailing costs associated with the annual meeting.

The previously declared distribution of 17 cents per unit will be paid on February 28, 2018 to owners of record as of February 16, 2018. For further information, contact John R. Van Kirk, Managing Director, at (732) 741-4008 or via e-mail at jvankirk@neort.com. The Trust's press releases and other pertinent information are available on the Trust's website: www.neort.com.

EX-99

Exhibit 99

PR NEWSWIRE

NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE NET INCOME FOR THE FIRST QUARTER OF FISCAL 2018

Red Bank, N.J.  February 15, 2018  -  North European Oil Royalty Trust (NYSE-NRT) reported the net income for the first quarter of fiscal 2018 which appears in the table below compared to net income for the first quarter of fiscal 2017. Total royalty income includes adjustments made by the operating companies to reflect their corrected royalty calculations for prior periods as well as the inclusion or absence of Mobil sulfur royalties. The total adjustments for the first quarter of fiscal 2018 decreased total royalty income by $129,582. By comparison, in the first quarter of fiscal 2017, total adjustments increased total royalty income by $23,796.

	1st Fiscal Quarter Ended 1/31/2018	1st Fiscal Quarter Ended 1/31/2018	Percentage Change
Total Royalty Income	$1,770,241	$1,724,686	+  2.64%
Net Income	$1,495,086	$1,475,017	+  1.36%
Distributions per Unit	$0.17	$0.15	+13.33%

The Trust receives nearly all of its royalties under two royalty agreements. The Mobil Agreement, which is the higher royalty rate agreement, covers gas sales from the western half of the Oldenburg concession. The OEG Agreement, which is the lower royalty rate agreement, covers gas sales from the entire Oldenburg concession. The factors determining the amount of gas royalties payable under the two agreements from the preceding calendar quarter are shown in the table below comparing the fourth calendar quarters of 2017 and 2016. Further details will be available in the Trust's 10-Q filing available through the SEC or on the Trust's website, www.neort.com, on or about February 27, 2018.

Quarterly Gas Data Providing Basis for Fiscal Quarter Royalties

Mobil Agreement	4th Calendar Quarter Ended 12/31/2017	4th Calendar Quarter Ended 12/31/2016	Percentage Change
Gas Sales (Bcf) 1	5.660	6.189	- 12.78%
Gas Prices2 (Ecents/Kwh)3	1.6593	1.4789	+ 12.20%
Average Exchange Rate4	1.1965	1.0582	+ 13.07%
Gas Royalties	$1,278,038	$1,164,964	+ 9.71%
OEG Agreement
Gas Sales (Bcf)	18.150	20.060	-  9.52%
Gas Prices (Ecents/Kwh)	1.6921	1.5081	+12.20%
Average Exchange Rate	1.2008	1.0590	+ 13.39%
Gas Royalties	$540,669	$466,168	+15.98%

Footnotes:

1. 1. Billion cubic feet
2. 2. Gas prices derived from May-July period
3. 3. Euro cents per kilowatt hour
4. 4. Based on average Euro/dollar exchange rates of cumulative royalty transfers

Trust expenses for the first quarter of fiscal 2018 increased 10.45%, or $26,167, to $276,626 from $250,459 for the first quarter of fiscal 2017. The increase in expenses reflects costs relating to the biennial examination of the royalty statements by the Trust's German accountants, increased Trustee fees as specified in the Trust Agreement, and the timing of mailing costs associated with the annual meeting.

The previously declared distribution of 17 cents per unit will be paid on February 28, 2018 to owners of record as of February 16, 2018. For further information, contact John R. Van Kirk, Managing Director, at (732) 741-4008 or via e-mail at jvankirk@neort.com. The Trust's press releases and other pertinent information are available on the Trust's website: www.neort.com.