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Balance Sheet Cash Flow Statement 43 W. Front St., Ste. 19A Red Bank, NJ 07701 NJ Tel. 732-741-4008 Fax 732-741-3140 |
Type: Public
On the web:
http://www.neort.com
Employees:
2
Employee growth: 0.0%
North European Oil Royalty Trust isn't owned by the crowned oil barons of Europe. The passive fixed investment trust receives royalties based on its interests in natural gas (97% of revenues), oil, and sulfur producing properties in the former state of Oldenburg and portions of northwest Germany. Royalties are generated by the sale of crude oil, natural gas, distillate, and sulfur mined by Exxon Mobil, Royal Dutch Shell, and their subsidiaries; the trust then distributes the royalties to shareholders on a quarterly basis. As a grantor trust, North European Oil is exempt from paying income taxes; shareholders, however, are not.
Key numbers for fiscal year ending October, 2007:
Sales: $27.7M
One year growth: (11.4%)
Net income: $26.7M
Income growth: (11.6%)
Officers:
Managing Director: Royalty Trusts
Competitors:
BP Prudhoe Bay
Sabine Royalty Trust
San Juan Basin




