Exhibit 99


                                                                 PR NEWSWIRE

                  NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES
              DISTRIBUTION FOR THE FOURTH QUARTER OF FISCAL 2004


RED BANK, N.J. October 28, 2004 --  The Trustees of North European Oil
Royalty Trust (NYSE-NRT) announced today a quarterly distribution of 33
cents per unit, payable on November 24, 2004 to holders of record on
November 12, 2004.

John R. Van Kirk, Managing Director, noted that this year's quarterly
distribution was 12 cents or 26.6% lower than the distribution for the prior
year's equivalent quarter.  As of the date of this announcement information
on gas prices and sales for the entire fiscal quarter has not been received.
Information on gas prices and sales under the higher royalty rate agreement
covering western Oldenburg for the first two months of the fiscal quarter
indicates that declines in both sales and prices are the most likely reason
behind the decline in the distribution payable.  Cumulative western gas
sales for the first two months were down 30% compared to the same period
in the fourth quarter of fiscal 2003.  Average gas prices for gas sold from
western Oldenburg during the first two months have dropped by 18.1% compared
to average prices for the first two months of the fourth quarter of fiscal
2003.  An 10.2% improvement in the average value of the Euro based on the
transfer of royalties from western Oldenburg for the first two months
compared to the same period in the prior year helped to reduce the impact
of the drop in gas prices and sales but only marginally.

The total distribution for fiscal 2004 is $1.59 per unit compared to the
previous year's distribution of $1.95 per unit.  The difference of $0.36
represents a decrease of 18.5%.  The November distribution reflects
royalties from sales made during the third calendar quarter of 2004.
The Trust makes quarterly distributions to unit owners during the months of
February, May, August and November.

Contact -- John H. Van Kirk, Managing Trustee, or John R. Van Kirk,
Managing Director, at (732) 741-4008 or e-mail at NEORT@AOL.Com.