North European Oil Royalty Trust Announces The Distribution for the Second Quarter of Fiscal 2001

Apr 26, 2001, 01:00 ET from North European Oil Royalty Trust

    RED BANK, N.J., April 26 /PRNewswire/ -- The Trustees of North European
 Oil Royalty Trust (NYSE:   NET) approved a quarterly distribution of 61 cents
 per unit, payable on May 23, 2001 to holders of record on May 11, 2001.
     John R. Van Kirk, Managing Director, noted that this year's distribution
 was 48.7% or 20 cents higher than the distribution made for last year's
 equivalent quarter.  The improvement in this quarter's distribution can be
 traced almost exclusively to the rise in gas prices.  Reflecting the
 contractual link between oil and gas prices for gas sold from the Oldenburg
 concession, gas prices under both the higher and lower royalty agreements
 covering the concession increased by 74.1% to 1.6016 Euro cents per Kwh and by
 82.1% to 1.6620 Euro cents per Kwh, respectively.  Despite the increase of
 royalties paid to the Trust, actual overall gas sales declined by 12.7% to
 56.87 billion cubic feet ("Bcf").  This decline reflects a reduction in the
 level of withdrawals from the sweet gas field of Hengstlage.  Gas sales from
 the higher royalty rate area of western Oldenburg increased by 0.43% to 25.76
 Bcf.  Although the final transfer of royalties from Germany has not yet been
 received, the weakness of the average price of the Euro in relation to the
 dollar has continued.
     Total distributions of $1.32 per unit for the first six months of fiscal
 2001 were 65% or 52 cents higher than the amount distributed for last year's
 six-month period.
     Distributions are made to Trust unit owners from royalties received from
 the sales of gas, sulfur and oil from the Trust's royalty holdings in Germany.
 The May distribution reflects royalties from sales made during the first
 calendar quarter of 2001.  The Trust makes quarterly distributions to unit
 owners during the months of February, May, August and November.
 
     Contact -- John H. Van Kirk, Managing Trustee of North European Oil
 Royalty Trust, or John R. Van Kirk, Managing Director, at P.O. Box 456; Red
 Bank, N.J. 07701, (732) 741-4008.
 
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SOURCE North European Oil Royalty Trust
    RED BANK, N.J., April 26 /PRNewswire/ -- The Trustees of North European
 Oil Royalty Trust (NYSE:   NET) approved a quarterly distribution of 61 cents
 per unit, payable on May 23, 2001 to holders of record on May 11, 2001.
     John R. Van Kirk, Managing Director, noted that this year's distribution
 was 48.7% or 20 cents higher than the distribution made for last year's
 equivalent quarter.  The improvement in this quarter's distribution can be
 traced almost exclusively to the rise in gas prices.  Reflecting the
 contractual link between oil and gas prices for gas sold from the Oldenburg
 concession, gas prices under both the higher and lower royalty agreements
 covering the concession increased by 74.1% to 1.6016 Euro cents per Kwh and by
 82.1% to 1.6620 Euro cents per Kwh, respectively.  Despite the increase of
 royalties paid to the Trust, actual overall gas sales declined by 12.7% to
 56.87 billion cubic feet ("Bcf").  This decline reflects a reduction in the
 level of withdrawals from the sweet gas field of Hengstlage.  Gas sales from
 the higher royalty rate area of western Oldenburg increased by 0.43% to 25.76
 Bcf.  Although the final transfer of royalties from Germany has not yet been
 received, the weakness of the average price of the Euro in relation to the
 dollar has continued.
     Total distributions of $1.32 per unit for the first six months of fiscal
 2001 were 65% or 52 cents higher than the amount distributed for last year's
 six-month period.
     Distributions are made to Trust unit owners from royalties received from
 the sales of gas, sulfur and oil from the Trust's royalty holdings in Germany.
 The May distribution reflects royalties from sales made during the first
 calendar quarter of 2001.  The Trust makes quarterly distributions to unit
 owners during the months of February, May, August and November.
 
     Contact -- John H. Van Kirk, Managing Trustee of North European Oil
 Royalty Trust, or John R. Van Kirk, Managing Director, at P.O. Box 456; Red
 Bank, N.J. 07701, (732) 741-4008.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X04547606
 
 SOURCE  North European Oil Royalty Trust