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Exhibit 99
                                                              PR NEWSWIRE

                NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES
             DISTRIBUTION FOR THE FOURTH QUARTER OF FISCAL 2006


RED BANK, N.J. October 30, 2006 --  The Trustees of North European Oil
Royalty Trust (NYSE-NRT) announced today a quarterly distribution of 78 cents
per unit, payable on November 29, 2006 to holders of record on November 10,
2006.  The November distribution reflects royalties from sales made during
the third calendar quarter of 2006.  John R. Van Kirk, Managing Director,
noted that this year's quarterly distribution was 36 cents or 85.7% higher
than the distribution for the prior year's equivalent quarter.

A combination of higher gas prices, higher gas sales and higher average
exchange rates under both royalty rate agreements covering the Oldenburg
concession resulted in the increase in funds available and the resulting
higher distribution per unit.  Average gas prices under the higher royalty
rate agreement covering western Oldenburg increased 36.69% from 1.5397 Euro
cents per kilowatt hour ("Ecents/Kwh") to 2.1046 Ecents/Kwh.  Average gas
prices under the lower royalty rate agreement covering the entire Oldenburg
concession increased 35.96% from 1.5874 Ecents/Kwh to 2.1582 Ecents/Kwh.
Gas sales from western Oldenburg increased 16.24% from 14.722 billion cubic
feet ("Bcf") to 17.113 Bcf.  Overall gas sales, covering both western and
eastern Oldenburg, increased by 30.59% from 31.593 Bcf to 41.258 Bcf.
The average value for the Euro based on the royalty transfers increased 4.59%
from a dollar equivalent value of $1.2120 to $1.2677.

The total distribution for fiscal 2006 is $3.28 per unit compared to the
previous year's distribution of $2.22 per unit.  The difference of $1.06 per
unit represents an increase of 47.7%.  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, e-mail at neort@aol.com, website: www.neort.com.