UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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):  October 31, 2019 


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 31, 2019, North European Oil Royalty Trust issued a press release via PR Newswire announcing the Trust's distribution for the fourth quarter of fiscal 2019. 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 31, 2019 and disseminated through PR Newswire announcing the distribution for North European Oil Royalty Trust for the fourth quarter of fiscal 2019.


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, 2019

Exhibit 99

PR NEWSWIRE

NORTH EUROPEAN OIL ROYALTY TRUST
ANNOUNCES THE DISTRIBUTION
FOR THE FOURTH QUARTER OF FISCAL 2019

Red Bank, N.J.  October 31, 2019  -  The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced a quarterly distribution of $0.16 per unit for the fourth quarter of fiscal 2019, payable on November 27, 2019 to holders of record on November 15, 2019. Natural gas sold during the third calendar quarter of 2019 is the primary source of royalty income on which the November 2019 distribution is based.

John R. Van Kirk, Managing Director, reported that this year's quarterly distribution of $0.16 per unit is 6.67%, or $0.01 per unit, higher than the distribution of $0.15 per unit for the fourth quarter of fiscal 2018. For the quarter ending October 31, 2019, the combination of higher gas sales and positive royalty adjustments from calendar 2018 offset the negative impact of the decline in gas prices and the lower average exchange rate, which resulted in the higher distribution. Specific details will be available in the earnings press release scheduled for publication on or about November 15, 2019.

The table below shows an estimate of the amount of royalties anticipated to be received in the first quarter of fiscal 2020 based on the actual amount of royalties that were payable to the Trust for the third calendar quarter of 2019. Amounts in dollars are based on the current exchange rate of 1.109174. Actual royalty income in dollars is valued based on exchange rates on the day funds are transferred. The November estimate below includes a negative adjustment from the prior quarter of Euros 317,341. Distributions are based on royalty income received less expenses incurred.

Estimated Combined Royalties Anticipated in Combined Royalties in Euros Combined Royalties in Dollars Dollar Royalties in Cents per Unit
November
Euros  96,299
 $106,812 
$0.0116
December
Euros 413,640
 $458,799 
$0.0499
January
Euros 413,640
 $458,799 
$0.0499

The cumulative 12-month distribution for fiscal 2019, which includes this November distribution and the three prior quarterly distributions, is $0.82 per unit. This 12-month cumulative distribution is 17.14% or $0.12 per unit higher than the cumulative 12-month distribution of $0.70 for fiscal 2018. 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.