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Exhibit 99
PR NEWSWIRE
NORTH EUROPEAN OIL ROYALTY TRUST
ANNOUNCES THE DISTRIBUTION
FOR THE FOURTH QUARTER OF FISCAL 2009
Red Bank, N.J. October 30, 2009 The Trustees of North European
Oil Royalty Trust (NYSE-NRT) announced today a quarterly distribution of
38 cents per unit for the fourth quarter of fiscal 2009, payable on
November 25, 2009 to holders of record on November 13, 2009. Natural gas
sold during the third calendar quarter of 2009 is the primary source of
royalty income upon which the November distribution is based. John R.
Van Kirk, Managing Director, reported that this year's quarterly
distribution of 38 cents was 63.1% lower than the distribution of $1.03
for the fourth quarter of fiscal 2008.
Royalty income in the fourth quarter of 2009 was lower than the
fourth quarter 2008 due to lower gas prices and lower gas sales. The Trust
receives nearly all of its royalties under two royalty agreements. The Mobil
Agreement is the higher royalty rate agreement and covers gas sales from the
western half of the Oldenburg concession. The OEG Agreement is the lower
royalty rate agreement and covers gas sales from the entire Oldenburg
concession.
4th Fiscal Qtr. 4th Fiscal Qtr. Percentage
10/31/09 10/31/08 Change
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Mobil Agreement:
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Gas Sales (Bcf(1)) 11.938 13.545 - 11.86%
Gas Prices (Ecents/Kwh(2)) 1.4274 2.7510 - 48.11%
Gas Prices ($/Mcf(3)) $ 6.01 $11.03 - 45.51%
OEG Agreement:
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Gas Sales (Bcf) 30.805 33.170 - 7.13%
Gas Prices (Ecents/Kwh) 1.6487 2.9060 - 43.27%
Gas Prices ($/Mcf) $ 6.72 $10.96 - 38.69%
Average Euro for Dollar
Exchange Rate(4) $1.4606 $1.3736 + 6.33%
(1) Billion cubic feet
(2) Eurocents per Kilowatt hour
(3) Dollars per thousand cubic feet
(4) Based on average exchange rates of cumulative royalty transfers
Total distribution of $3.01 per unit for the twelve months of fiscal
2009 was 65 cents per unit or 17.8% lower than the distribution of $3.66
for the same period last year. The Trust makes quarterly distributions
to unit owners during the months of February, May, August and November.
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Contact -- John R. Van Kirk, Managing Director, telephone: (732) 741-4008,
e-mail: jvankirk@neort.com. The text of the Trust's press releases along
with other pertinent information is available at the Trust's website:
www.neort.com.