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<HEAD><p><p align="left">Exhibit 99</HEAD></p>
<p><HEAD><p align="right">PR NEWSWIRE</HEAD></p>
<p><HEAD><center><strong>NORTH EUROPEAN
OIL ROYALTY TRUST</strong></center>
<center><strong>ANNOUNCES THE DISTRIBUTION</strong></center>
<center><strong>FOR THE THIRD QUARTER OF
FISCAL 2017</strong></center></HEAD></p>
<BODY>
<p><p align="left">Red Bank, N.J. July 31, 2017 -
The Trustees of North European Oil Royalty Trust (NYSE-NRT) announced today
a quarterly distribution of $0.20 per unit for the third quarter of
fiscal 2017, payable on August 30, 2017 to holders of record on August 18,
2017. Natural gas sold during the second calendar quarter of 2017 is the
primary source of royalty income on which the August 2017 distribution is
based.</p>
<p align="left">John R. Van Kirk, Managing Director, reported that this
year's quarterly distribution of $0.20 per unit is 33.33%, or $0.05 per
unit, higher than the distribution of $0.15 per unit for the third quarter
of fiscal 2016. Specific details will be available in the earnings press
release scheduled for publication on or about August 11, 2017.</p>
<p><p align="left">The Trust receives nearly all of its royalties under
two royalty agreements. The Mobil Agreement, which is the higher royalty
rate agreement, covers gas sales from the western half of the Oldenburg
concession. The OEG Agreement, which is the lower royalty rate agreement,
covers gas sales from the entire Oldenburg concession. The factors
determining the amount of gas royalties payable under the two agreements
from the preceding calendar quarter are shown in the table below comparing
the second calendar quarters of 2017 and 2016. Further details will be
available in the Trust's quarterly report on Form 10-Q which will be
available through the SEC or on the Trust's website,
<a href="http://www.neort.com">www.neort.com</a>, on or about
August 30, 2017.</p>
<table><table border="0" width="100%" cellspacing="10">
<col style="width:32%">
<col style="width:22%">
<col style="width:22%">
<col style="width:22%">
<head><u><center><strong>Gas Data Providing Basis for Fiscal Quarter
Royalties</strong></center></u></head>
<caption>
<tr><th scope="col" align="left" valign="bottom"><strong><u>Mobil Agreement</u></strong></th>
<th scope="col" align="center"><u>2nd Calendar Quarter
Ended 6/30/2017</u></center></th>
<th scope="col" align="center"><u>2nd Calendar Quarter
Ended 6/30/2016</u></center></th>
<th scope="col" align="center" valign="bottom"><u>Percentage Change</u></th></tr>
</caption>
<td scope="row" align="left">Gas Sales (Bcf)<sup id="fnref1">
1</sup></td>
<td scope="row" align="center"> 5.500</td>
<td scope="row" align="center"> 4.916</td>
<td scope="row" align="center"> + 11.88%</td></tr>
<td align="left">Gas Prices<sup id="fnref2">2
</sup>(Ecents/Kwh)<sup id="fnref3">3</sup></td>
<td align="center"> 1.7406</td>
<td align="center"> 1.5363</td>
<td align="center"> + 13.30%</td></tr>
<td align="left">Average Exchange Rates<sup id="
fnref4">4</sup></td>
<td align="center"> 1.1175</td>
<td align="center"> 1.1185</td>
<td align="center"> - 0.09%</td><tr>
<td align="left">Gas Royalties</td>
<td align="center"> $1,220,647</td>
<td align="center"> $969,471</td>
<td align="center"> + 25.91%</td></tr>
<tr></tr>
<tr><th align="left"><strong><u>OEG Agreement</u></strong></th>
<tr><td align="left">Gas Sales (Bcf)</td>
<td align="center"> 17.829</td>
<td align="center"> 17.520</td>
<td align="center"> + 1.76%</td></tr>
<tr><td align="left">Gas Prices (Ecents/Kwh)</td>
<td align="center"> 1.7750</td>
<td align="center"> 1.5667</td>
<td align="center"> + 13.30%</td></tr>
<tr><td align="left">Average Exchange Rates</td>
<td align="center"> 1.1175</td>
<td align="center"> 1.1159</td>
<td align="center"> + 0.14%</td></tr>
<tr><td align="left">Gas Royalties</td>
<td align="center"> $517,750</td>
<td align="center"> $408,480</td>
<td align="center"> + 26.75%</td>
<td></td></tr>
</table>
<div role="note">
<h4 class="wb-invisible">Footnotes:</h4>
<ol><ol style="list-style: none;">
<li align="left">1. Billion cubic feet</li>
<li align="left">2. Gas prices derived from February-April period</li>
<li align="left">3. Euro cents per kilowatt hour</li>
<li align="left">4. Based on average Euro/dollar exchange rates of
cumulative royalty transfers</li>
</ol>
</div></p>
<p><p align="left">The table below shows an estimate of the amount of
royalties anticipated to be received in the fourth quarter of fiscal 2017
based on the actual amount of royalties that were payable to the Trust for
the second calendar quarter of 2017. Amounts in dollars are based on the
current exchange rate of 1.1655. Actual royalty income in dollars is
valued based on exchange rates on the day funds are transferred. The
August estimate below includes a negative adjustment from the prior
quarter of Euros 140,329 and the absence of any payment under the Mobil
sulfur royalty agreement for the second quarter of 2017.</p>
<table>
<tr>
<th scope="col" align="center" valign="bottom"><strong><u>Estimated
Combined Royalties Anticipated in</th>
<th scope="col" align="center"><strong><u>Combined Royalties in
Euros</u></th>
<th scope="col" align="center"><strong><u>Combined Royalties in
Dollars</u></th>
<th scope="col" align="center" valign="bottom"><u>Dollar Royalties
in Cents per Unit</u></th>
</tr>
<tr><td><center> August </center></td>
<td><center> Euros 401,569 </center></td>
<td><center> $468,029 </center></td>
<td><center> $0.0509 </center></td></tr>
<tr>
<td><center> September</center></td>
<td><center> Euros 541,898 </center></td>
<td><center> $631,582 </center></td>
<td><center> $0.0687 </center></td></tr>
<tr>
<td><center> October </center></td>
<td><center> Euros 541,898 </center></td>
<td><center> $631,582 </center></td>
<td><center> $0.0687</center></td> </tr>
</table>
<p align="left"> The cumulative 12-month distribution, which includes the
August 2017 distribution and the three prior quarterly distributions, is
$0.66 per unit. This 12-month cumulative distribution is 15.38%
or $0.12 per unit lower than the prior 12-month distribution of $0.78 per
unit. The Trust makes quarterly distributions to unit owners during the
months of February, May, August and November.</p>
<p align="left"> Contact -- John R. Van Kirk, Managing Director, telephone:
(732) 741-4008, email: jvankirk@neort.com. The Trust's press releases and
other pertinent information are available on the Trust's website:
<a href="http://www.neort.com"> www.neort.com</a>.</P>
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