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):
August 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 August 15, 2018, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's net income for the third 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 August 15, 2018 and disseminated through PR Newswire announcing the net income for North European Oil Royalty Trust for the third 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

August 16, 2018

Exhibit 99

PR NEWSWIRE

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

Red Bank, N.J.  May 15, 2018  -  North European Oil Royalty Trust (NYSE-NRT) reported the net income for the third quarter of fiscal 2018 which appears below compared with the third quarter of fiscal 2017. As detailed in the July 31, 2018 distribution press release, the decrease in total royalty income for the third quarter of fiscal 2018 from the third quarter of fiscal 2017 resulted primarily from the decline in gas sales due to the interruption of processing at the Grossenkneten desulfurization plant in the February and March 2018 period in combination with the reduction in processing capacity at Grossenkneten following the prior retirement of Unit 3. There were no adjustments impacting royalties during the third quarter of fiscal 2018 or fiscal 2017. There were no royalties received under the Mobil Sulfur Agreement in either the third quarter of fiscal 2018 or fiscal 2017.

3rd Fiscal Quarter Ended 7/31/2018 3rd Fiscal Quarter Ended 7/31/2017 Percentage Change
Total Royalty Income $1,900,082 $1,974,441 - 3.77%
Net Income $1,767,631 $1,840,674 - 3.97%
Distributions per Unit $0.19 $0.20 - 5.00%

Trust expenses for the third quarter of fiscal 2018 decreased 0.96%, or $1,298, to $133,679 in comparison to $134,977 for the third quarter of fiscal 2017. This decrease in expenses reflects the reduction in legal costs.

The increase in total royalty income in the first nine months of fiscal 2018 from the first nine months of fiscal 2017 resulted from higher royalty income totals for the first two quarters of fiscal 2018. Additionally, by the time that the operating companies had access to the data upon which to base their calculations of royalties payable in the third quarter for fiscal 2018, the Trust had already received its final payment for that quarter. As a result, the Trust received more royalties than it was owed in the final quarter of the nine-month period ended July 31, 2018, and the total royalty income for the current nine-month period is higher than it otherwise would have been. Therefore, the required negative adjustment will be offset against the scheduled royalty payments in the Trust's fourth fiscal quarter.

Nine Months
Ended 7/31/2018
Nine Months
Ended 7/31/2017
Percentage
Change
Total Royalty Income $5,724,343 $5,617,957 + 1.89%
Net Income $5,083,054 $5,015,620 + 1.34%
Distributions per Unit $0.55 $0.54 + 1.85%

The previously declared distribution of 19 cents per unit will be paid on August 29, 2018 to owners of record as of August 17, 2018. Additional details will be available in the Trust's 10Q filing available through the SEC or the Trust's website, www.neort.com, or about August 30, 2018. 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 on the Trust's website: www.neort.com.