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Exhibit 99
PR NEWSWIRE
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES EARNINGS
FOR THE THIRD FISCAL QUARTER & THE NINE MONTH PERIOD
Red Bank, N.J. August 10, 2005 -- North European Oil Royalty Trust
(NYSE-NRT) announced that Trust net income for its third fiscal quarter
ended July 31, 2005 was $5,219,675. This level of net income represents an
increase of 55.7% from the net income for the prior year's equivalent period.
Improvements in gas sales and gas prices under both the higher and lower
royalty rate agreements and the concentration of those improvements in the
higher royalty rate area of western Oldenburg combined to produce the
significant increase in royalty income. Gas sales under the higher royalty
rate agreement increased by 20.9% to 18.33 billion cubic feet ("Bcf"), while
average gas price increased 30.7% to 1.4738 Euro cents per Kilowatt hour
("Ecents/Kwh"). Gas sales under the lower royalty rate agreement increased
by 8.7% to 41.91 Bcf. The average price for gas sold under the lower
royalty rate agreements increased by 28.3% to 1.5216 Ecents/Kwh. Using the
average value for the Euro to convert German gas prices into more familiar
terms yields average gas prices for the higher and lower royalty rate areas
respectively of $5.18 and $5.25 per Mcf.
NORTH EUROPEAN OIL ROYALTY TRUST
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(Figures are unaudited)
Quarter Ended 7/31/05 7/31/04
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German Royalties Received $ 5,419,524 $ 3,506,720
Net Income 5,219,675 3,351,901
Net Income Per Unit $ 0.57 $ 0.38
Nine Months Ended 7/31/05 7/31/04
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German Royalties Received $16,906,627 $11,942,458
Net Income 16,192,184 11,344,703
Net Income Per Unit $ 1.77 $ 1.27
Contact -- John H. Van Kirk, Managing Trustee, or John R. Van Kirk,
Managing Director, telephone: (732) 741-4008, e-mail: NEORT@AOL.Com,
website: www.NEORT.com.