8-K

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): May 14, 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)

(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 (see General Instruction A.2.below):

[ ]  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 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 240.12.b-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 May 14, 2021, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's net income for the second 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 May 14, 2021 and disseminated through PR Newswire announcing the net income for North European Oil Royalty Trust for the second 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

May 17, 2021

Exhibit 99

PR NEWSWIRE

NORTH EUROPEANOIL ROYALTY TRUST ANNOUNCES THE NET INCOME FOR THE SECOND QUARTER OFFISCAL 2021

Keene, N.H. May 14, 2021 - North European Oil Royalty Trust (NYSE-NRT) reported the net income for the second quarter of fiscal 2021 which appears in the table below compared with the net income for the second quarter of fiscal 2020. Total royalty income includes any adjustments made by the operating companies based upon their corrected royalty calculations for prior periods as well as any Mobil sulfur royalties. During the second quarter of fiscal 2021, there were no prior period adjustments to total royalty income, whereas during the second quarter of fiscal 2020, total royalty income was reduced by prior period adjustments totaling $137,944. The Trust received separate sulfur royalty payments under the Mobil Agreement of $36,411 and $31,105 during the second quarters of fiscal 2021 and 2020, respectively.

Under the Mobil Agreement for the second quarter of fiscal 2021, gas sales, gas prices, and the average exchange rate showed percentage changes of -5.84%, -5.84% and +9.84%, respectively, in comparison to the second quarter of fiscal 2020. Under the OEG Agreement, gas sales, gas prices, and the average exchange rate showed percentage changes of -5.05%, -5.83% and +9.74%, respectively, in comparison to the second quarter of fiscal 2020.

Trust expenses for the second quarter of fiscal 2021 decreased 13.94%, or $32,686, to $201,814 from $234,500 in the second quarter of fiscal 2020. The decrease in expenses reflects reduced Trustee fees as specified by the Trust Agreement, reduced printing costs related to the changed format for the annual report, lower meeting and travel expenses resulting from the change to virtual meetings during the pandemic-imposed restriction period, and the shift in the timing of the payment relating to the biennial examination of the royalty statements by the Trust's German accountants.

Total royalty income received during the first six months of fiscal 2021 decreased in comparison to fiscal 2020 due to lower gas prices and lower gas sales under both the Mobil and the OEG Agreements. During the first six months of fiscal 2021 and 2020, total royalty income amounts were reduced by negative prior period adjustments of $538,651 and $388,634, respectively. The comparison of the relevant periods is shown below.

The previously declared distribution of 14 cents per unit will be paid on May 26, 2021 to owners of record as of May 14, 2021. 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. The Trust's 10-Q filing will be available through the SEC or on the Trust's website, www.neort.com, on or about May 28, 2021.