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NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES DISTRIBUTION

 NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES DISTRIBUTION
 RED BANK, N.J., July 29 /PRNewswire/ -- The Trustees of North


European Oil Royalty Trust (NYSE: NET) today announced a quarterly distribution of 34 cents per unit, payable on Aug. 26, 1992 to holders of record on Aug. 14, 1992.
 John H. Van Kirk, managing trustee, noted that this year's distribution was 8 percent or 3 cents per unit lower than the distribution made for last year's equivalent quarter. At the time of this announcement, complete information as to production levels, pricing and exchange rates was unavailable. This information will be detailed in the regular quarterly report accompanying the distribution.
 Total distributions of $1.19 per unit for the first nine months of fiscal year 1992 were 9.2 percent or 10 cents per unit higher than the amount distributed for the same period last year.
 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 August distribution reflects royalties from sales made during the second calendar quarter of 1992. The trust makes quarterly distributions to unit owners during the months of February, May, August and November.
 -0- 7/29/92
 /CONTACT: John H. Van Kirk, managing trustee, or John R. Van Kirk, managing director of North European Oil Royalty Trust, 908-741-4008/
 (NET) CO: North European Oil Royalty Trust ST: New Jersey IN: OIL SU: DIV


KD-LR -- NY051 -- 4622 07/29/92 12:42 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
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