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NORTH EUROPEAN OIL ROYALTY TRUST REPORTS REVENUES

 RED BANK, N.J., Aug. 10 /PRNewswire/ -- North European Oil Royalty Trust (NYSE: NET) today reported that royalty revenues for the third quarter of its fiscal year through July 31, 1993 decreased by 3.8 percent from those of the same period last year.
 The decrease in revenues resulted from the combined decreases in both the value of the mark and the price of gas. Gas sales increased by 2.3 percent overall and by 29 percent in the higher royalty area of western Oldenburg.
 NORTH EUROPEAN OIL ROYALTY TRUST
 Quarter ended July 31: 1993 1992
 German royalties received $2,832,114 $2,946,225
 Net income 2,737,705 2,810,747
 Net income per unit $0.33 $0.34
 Nine Months Ended July 31: 1993 1992
 German royalties received $7,938,774 $10,398,089
 Net income 7,555,340 9,921,885
 Net income per unit $0.91 $1.20
 The trust declared a distribution to owners of 33 cents per unit for the third fiscal quarter, making the total distribution for the nine month period 90 cents per unit compared to $1.20 for the same period last year. The distribution will be paid on Aug. 25, 1993 to holders of record on Aug. 13, 1993.
 -0- 8/10/93
 /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:

PS-TS -- NY053 -- 1189 08/10/93 12:15 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
Words:257
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