8-K - NRT - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,

DC 20549

FORM 8-K

CURRENT REPORTPursuant to Section 13or 15(d) of the****Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 29, 2021

NORTH EUROPEAN OIL

ROYALTY TRUST

(Exact Name of Registrant as Specified in Charter)

Delaware 1-8245 22-2084119

State or Other Jurisdiction (Commission (I.R.S. Employer

of Incorporation File Number) Identification No.)

5 N. Lincoln Street, Keene, NH 03431

(Address of Principal Executive Offices, and Zip Code)

(732) 741-4008 (Registrant's Telephone Number, Including Area Code)

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 (see General Instruction A.2.below):

[ ] Written communication 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 communication pursuant to Rule 14d-2(b) under the

Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the

Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Units of Beneficial Interest NRT New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR Section 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR Section 240.12b-2).

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 October 29, 2021, North European Oil Royalty Trust issued a press release via Cision PR Newswire announcing the Trust's distribution for the fourth quarter of fiscal 2021. 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 October 29, 2021 and disseminated through Cision PR Newswire announcing the distribution for North European Oil Royalty Trust for the fourth quarter of fiscal 2021.

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)

/s/ John R. Van Kirk

John R. Van Kirk

Managing Director

November 1, 2021

Exhibit 99

CISION PR NEWSWIRE

NORTH EUROPEANOIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FOURTH QUARTER OFFISCAL 2021

Keene, N.H. October 29, 2021 - The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced a quarterly distribution of $0.14 per unit for the fourth quarter of fiscal 2021, payable on November 24, 2021 to holders of record on November 12, 2021. Natural gas sold during the third calendar quarter of 2021 is the primary source of royalty income on which the November 2021 distribution is based.

John R. Van Kirk, Managing Director, reported that this year's quarterly distribution of $0.14 per unit is 600.0%, or $0.12 per unit, higher than the distribution of $0.02 per unit for the fourth quarter of fiscal 2020. For the quarter ending October 31, 2021, the combination of higher gas sales and gas prices more than offset the slight decline in average exchange rates and the negative year-end adjustments for calendar 2020 (-$157,538) resulting in the higher distribution. The more significant economic impact of COVID-19 during the first half of calendar 2020 resulted in the negative year-end adjustments. Additional details will be included in the earnings press release scheduled for publication on or about November 12, 2021.

The Trust receives 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 third calendar quarters of 2021 and 2020.

Quarterly Gas Data Providing Basis for FiscalQuarter Royalties

MobilAgreement	3rd Calendar Quarter<br>Ended 9/30/2021	3rd<br>Calendar Quarter Ended 9/30/2020	Percentage<br>Change
Gas Sales (Bcf)^1^	3.985	3.186	+25.08%
Gas Prices^2^(Ecents/Kwh)^3^	1.9573	0.9255	+111.49%
Average Exchange Rates^4^	1.1703	1.1761	-0.49%
Gas Royalties	$1,043,662	$395,791	+163.69%
OEG Agreement
Gas Sales (Bcf)	13.365	10.601	+26.07%
Gas Prices (Ecents/Kwh)	1.9961	0.9438	+111.50%
Average Exchange Rates	1.1714	1.1730	-0.14%
Gas Royalties	$441,458	$97,128	+354.51%

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

The cumulative 12-month distribution for fiscal 2021, which includes this November distribution and the three prior quarterly distributions, is $0.47 per unit. This 12-month cumulative distribution is 46.88% or $0.15 per unit higher than the cumulative 12-month distribution of $0.32 for fiscal 2020. 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 Trust's press releases and other pertinent information are available on the Trust's website: www.neort.com.