johnsyn
12 년 전
North European Oil Royalty Trust Announces The Distribution For The Second Quarter Of Fiscal 2013
Mon April 29, 2013 3:36 PM | about: NRT
NEWS PROVIDED BY:
PR Newswire
RED BANK, N.J., April 29, 2013 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NRT) today announced a quarterly distribution of $0.64 per unit for the second quarter of fiscal 2013, payable on May 29, 2013 to holders of record on May 17, 2013. Natural gas sold during the first calendar quarter of 2013 is the primary source of royalty income on which the May 2013 distribution is based. John R. Van Kirk, Managing Director, reported that this year's quarterly distribution of $0.64 per unit is 5.88%, or $0.04 per unit, lower than the distribution of $0.68 per unit for the second quarter of fiscal 2012. 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 14, 2013.
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 would be added to the amount of royalties paid during the final month of the current fiscal quarter. Any overpayment would be 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, the overpayment of Euros 590,834 will be deducted from royalties anticipated to be received in May 2013.
The table below shows the amount of royalties anticipated to be received during the third quarter of fiscal 2013 based on the actual amount of royalties that were paid to the Trust for the first calendar quarter of 2013. Amounts in dollars are based on the current exchange rate of 1.3087. Actual royalty income in dollars is valued based on exchange rates on the day funds are transferred.
Combined Royalties
Anticipated in
Combined Royalties
In Euros
Combined Royalties
In Dollars
Dollar Royalties
In Cents per Unit
May
Euros 711,529
$ 931,178
$0.1013
June
Euros 1,302,363
$1,704,402
$0.1855
July
Euros 1,302,363
$1,704,402
$0.1855
The cumulative 12-month distribution, which includes the May 2013 distribution and the three prior quarterly distributions, is $2.35 per unit. This 12-month cumulative distribution is 12.64% or $0.34 per unit lower than the prior 12-month distribution of $2.69 per unit. 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.
SOURCE North European Oil Royalty Trust
johnsyn
12 년 전
North European Oil Royalty Trust Announces The Distribution For The First Quarter Of Fiscal 2013
RED BANK, N.J., Jan. 30, 2013 /PRNewswire/ -- 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.
johnsyn
12 년 전
North European Oil Royalty Trust Announces the Distribution for the Fourth Quarter of Fiscal 2012
Wed October 31, 2012 12:43 PM | about: NRT
RED BANK, N.J., Oct. 31, 2012 /PRNewswire/ -- The Trustees of North European Oil Royalty Trust (NRT) today announced a quarterly distribution of $0.51 per unit for the fourth quarter of fiscal 2012, payable on November 28, 2012 to holders of record on November 16, 2012. Natural gas sold during the third calendar quarter of 2012 is the primary source of royalty income on which the November distribution is based. John R. Van Kirk, Managing Director, reported that this year's quarterly distribution of $0.51 per unit is 20.31%, or $0.13 per unit, lower than the distribution of $0.64 per unit for the fourth quarter of fiscal 2011. In accordance with the royalty payment procedures, the prior year adjustments are included in the Trust's royalty income for the fourth fiscal quarter. In the fourth fiscal quarter of 2011 the Trust received only a nominal prior year adjustment. In the fourth quarter of fiscal 2012 the prior year adjustment represented a negative impact of approximately $0.0189 per unit.
No information on sales and production has yet been received. Complete details will be available in the press release announcing the Trust's net income scheduled for release on or about November 13, 2012.
The table below shows the anticipated amount of royalties for the first quarter of fiscal 2013 based on the actual amount of royalties that were payable to the Trust for the third calendar quarter of 2012. Amounts in dollars are based on the current exchange rate of 1.29. 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
Anticipated in
Combined Royalties
In Euros
Combined Royalties
In Dollars
Dollar Royalties
In Cents per Unit
November
Euros 941,717
$1,214,815
$0.132
December
Euros 1,277,179
$1,647,561
$0.179
January
Euros 1,277,179
$1,647,561
$0.179
The cumulative distributions for fiscal 2012, which include this November distribution and the three prior quarterly distributions, are $2.46 per unit as compared to $2.63 per unit for fiscal 2011. The cumulative distributions for fiscal 2012 are 6.46% or $0.17 per unit lower than the cumulative distributions for fiscal 2011. 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.
SOURCE North European Oil Royalty Trust
johnsyn
12 년 전
North European Oil Royalty Trust Announces The Distribution For The Third Quarter Of Fiscal 2012
Print
11:26 AM 7/27/2012 - PR Newswire
RED BANK, N.J., July 27, 2012 /PRNewswire/ -- 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
Anticipated in
Combined Royalties
In Euros
Combined Royalties
In Dollars
Dollar Royalties
In Cents per Unit
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
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 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, email: 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.
SOURCE North European Oil Royalty Trust
johnsyn
13 년 전
Reminder, May 11th is ex-div date:
North European Oil Royalty Trust Announces the Distribution for the Second Quarter of Fiscal 2012
North European Oil (NYSE:NRT)
Today : Friday 27 April 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 euro 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
Anticipated in
Combined Royalties
In Euros
Combined Royalties
In Dollars
Dollar Royalties
In Cents per Unit
May
euro 1,535,143
$2,028,691
$0.22
June
euro 1,601,395
$2,116,243
$0.23
July
euro 1,601,395
$2,116,243
$0.23
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 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.
SOURCE North European Oil Royalty Trust
johnsyn
13 년 전
North European Oil Royalty Trust Announces the Distribution for the Second Quarter of Fiscal 2012
North European Oil (NYSE:NRT)
Today : Friday 27 April 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 euro 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
Anticipated in
Combined Royalties
In Euros
Combined Royalties
In Dollars
Dollar Royalties
In Cents per Unit
May
euro 1,535,143
$2,028,691
$0.22
June
euro 1,601,395
$2,116,243
$0.23
July
euro 1,601,395
$2,116,243
$0.23
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 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.
SOURCE North European Oil Royalty Trust
johnsyn
13 년 전
North European Oil Royalty Trust Announces Net Income and Results for the Fourth Quarter of Fiscal 2011
North European Oil (NYSE:NRT)
Today : Tuesday 15 November 2011
North European Oil Royalty Trust Announces Net Income and Results for the Fourth Quarter of Fiscal 2011
PR Newswire
RED BANK, N.J., Nov. 15, 2011
RED BANK, N.J., Nov. 15, 2011 /PRNewswire/ --North European Oil Royalty Trust (NYSE: NRT) reported the net income and results for the fourth quarter of fiscal 2011 which appear below compared with the fourth quarter of fiscal 2010.
4th Fiscal Quarter
Ended 10/31/2011
4th Fiscal Quarter
Ended 10/31/2010
Percentage
Change
German Royalties Received
$6,042,056
$5,342,026
+ 13.10%
Net Income
$5,866,147
$5,168,830
+ 13.49%
Net Income per Unit
$0.64
$0.56
+ 14.29%
Distribution per Unit
$0.64
$0.56
+ 14.29%
Net income in the fourth quarter of 2011 was higher than the fourth quarter of 2010 due to higher gas prices, higher gas sales and higher average exchange rates. The Trust receives nearly all of its royalties under two royalty agreements. The Mobil Agreement is the higher royalty rate agreement and covers gas sales from the western half of the Oldenburg concession. The OEG Agreement is the lower royalty rate agreement and covers gas sales from the entire Oldenburg concession. Relevant details are shown below.
Mobil Agreement
4th Fiscal Quarter
Ended 10/31/2011
4th Fiscal Quarter
Ended 10/31/2010
Percentage
Change
Gas Sales (Bcf(1))
10.021
8.599
+ 16.54%
Gas Prices (Ecents/Kwh(2))
2.5102
2.2021
+ 13.99%
Gas Prices ($/Mcf(3))
$10.04
$ 8.36
+ 20.10%
Average Exchange Rate(4)
1.3938
1.3262
+ 5.10%
OEG Agreement
Gas Sales (Bcf)
28.671
23.094
+ 24.15%
Gas Prices (Ecents/Kwh)
2.7998
2.3395
+ 19.68%
Gas Prices ($/Mcf )
$10.89
$ 8.66
+ 25.75%
Average Exchange Rate
1.3929
1.3305
+ 4.69%
(1) Billion cubic feet (2) Euro cents per Kilowatt hour (3) Dollars per thousand cubic feet
(4) Based on average exchange rates of cumulative royalty transfers
Compared to the prior year, Trust expenses for the fourth quarter of fiscal 2011 increased 6.63% to $186,899 from $175,273 in the fourth quarter of fiscal 2010 due to higher Trustee fees as mandated by the terms of the Trust Agreement.
Net income for fiscal 2011 was higher than fiscal 2010 due primarily to significant increases in average gas prices under the Mobil and OEG Agreements and minor increases in the average exchange rates. While gas sales under the Mobil Agreement declined by less than 1%, overall gas sales increased by 4.08%. The comparison of the relevant periods is shown below.
Fiscal Year
Ended 10/31/2011
Fiscal Year
Ended 10/31/2010
Percentage
Change
German Royalties Received
$25,148,523
$19,645,331
+ 28.01%
Net Income
$24,195,907
$18,720,265
+ 29.25%
Net Income per Unit
$2.63
$2.04
+ 28.92%
Distribution per Unit
$2.63
$2.04
+ 28.92%
The table below shows the anticipated royalties in Euros payable during the first quarter of fiscal 2012 based on the actual royalties paid to the Trust during the fourth quarter of fiscal 2011. The amounts shown in dollars are approximated based on the current exchange rate of 1.3659. Actual royalty income in dollars will be based on exchange rates applied on the day funds are transferred, which occurs immediately upon receipt. In addition, there may be a positive adjustment to January's anticipated royalties based on actual sales during the fourth calendar quarter of 2011.
Combined Royalties
In Euros
Combined Royalties
In Dollars
Dollar Royalties
In Cents per Unit
Nov. Royalties Anticipated
euro 1,490,935
$2,036,468
$0.22
Dec. Royalties Anticipated
euro 1,490,935
$2,036,468
$0.22
Jan. Royalties Anticipated
euro 1,490,935
$2,036,468
$0.22
Efforts to resolve questions with EMPG, the operator in Germany, over royalty calculations for the calendar year 2008 are continuing. An unresolved dispute concerns the possible right of the Trust to royalties on amounts received on the sale of the pipeline system used to distribute gas produced in the royalty area. A parallel royalty holder has commenced litigation concerning this matter and the Trust is considering its alternatives. There is no assurance that a claim will be made by the Trust or, if made, that there will be any recovery.
The 2012 Annual Meeting is scheduled to begin at 10:30 A.M. on February 14, 2012.
The previously declared distribution of 64 cents per unit will be paid on November 30, 2011 to owners of record as of November 15, 2011. For further information contact John R. Van Kirk, Managing Director, at (732) 741-4008 or via e-mail at 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.
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements, which address future expectations and events or conditions concerning the Trust, are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in any forward looking statements, including the risks and uncertainties set forth in the Trust's most recent Form 10-K.
SOURCE North European Oil Royalty Trust
johnsyn
13 년 전
North European Oil Royalty Trust (NRT) Insider Transactions
European Oil Royalty Trust (NRT): $6,340 of stock bought by Lawrence Kobrin Jason ZucchettoSeptember 8, 2011 NRT NRT Filings NRT Insider Trading
North European Oil Royalty Trust $32.57 +0.87 (2.74% )
Intraday |
3 Month |
6 Month |
1 Year
Average Volume (3 mo) 11,320
Shares Outstanding 9.19M
Market Cap 299.3M
Year High 35
Year Low 25.02
Earnings Per Share N/A
P/E Ratio -
Dividend 2.92
Yield 8.97
Exchange NYSE
RED BANK, NJ — Lawrence Kobrin purchased 200 shares of North European Oil Royalty Trust stock, or $6,340 worth, as noted in an SEC Filing today. After the transaction, Lawrence Kobrin's stake was reported as 1,400 shares of North European Oil Royalty Trust stock (a 16% increase from before the transaction took place).
As noted on September 8, 2011, Lawrence Kobrin's purchase was done directly over 1 transaction on September 7, 2011. The share price for the transaction was $31.7 according to the regulatory filing detailing the trade.
If we look over the past 12 months, Lawrence Kobrin has sold no shares of North European Oil Royalty Trust stock. Over the same time period, Lawrence Kobrin has purchased 200 shares of North European Oil Royalty Trust, with a total cost of $6,340.
Let's take a quick, high-level look at insider trading at North European Oil Royalty Trust over the past 12 months. A total of 2,000 shares of North European Oil Royalty Trust stock was sold by insiders, totaling $63,040. Over the same time 12 month time period, 1,200 shares of North European Oil Royalty Trust, for a total value of $36,793 were purchased by company insiders.
To view the complete SEC Filing: North European Oil Royalty Trust 4 (Insider Trading) SEC Filing
johnsyn
13 년 전
North European Oil Royalty Trust Announces the Distribution for the Third Quarter of Fiscal 2011
North European Oil (NYSE:NRT)
Intraday Stock Chart
Today : Thursday 28 July 2011
The Trustees of North European Oil Royalty Trust (NYSE: NRT) announced today a quarterly distribution of $0.71 per unit for the third quarter of fiscal 2011, payable on August 31, 2011 to holders of record on August 12, 2011. 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 $0.71 was 51.06% higher than the distribution of $0.47 for the third quarter of fiscal 2010. The reasons for the increase in the distribution were higher average gas prices and a higher average Euro/dollar exchange rate. These factors were offset slightly by the decline in gas sales compared to the prior year's equivalent quarter. Further details will be available in the earnings press release scheduled for release on or about August 12, 2011.
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.
The table below shows the anticipated amount of royalties for the fourth quarter of fiscal 2011 based on the actual amount of royalties that were payable to the Trust for the second calendar quarter of 2011. Amounts in dollars are based on the current exchange rate of 1.4446. Actual royalty income in dollars is valued based on exchange rates on the day funds are transferred. The August estimate below includes an adjustment for the overpayment of royalties which occurred in the preceding quarter.
Combined Royalties
In Euros
Combined Royalties
In Dollars
Dollar Royalties
In Cents per Unit
August Royalties Anticipated
euro 1,219,659
$1,761,919
$0.19
Sept. Royalties Anticipated
euro 1,477,156
$2,133,890
$0.23
October Royalties Anticipated
euro 1,477,156
$2,133,890
$0.23
Total distributions declared per unit for the first nine months of fiscal 2011 are $1.99 as compared to $1.48 for the same period last year. The cumulative 12-month distribution, which includes the August 2011 distribution and the three prior quarterly distributions, is $2.55 per unit. This 12-month cumulative distribution is 37.10% or $0.69 per unit higher than the prior 12-month distribution of $1.86. 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, email: 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.
SOURCE North European Oil Royalty Trust