Financial Performance - Total royalty income for Q3 fiscal 2023 was $2,490,778, a decrease of 43.94% compared to $4,442,665 in Q3 fiscal 2022[41] - Net income for Q3 fiscal 2023 was $2,290,894, down 46.63% from $4,292,607 in Q3 fiscal 2022[41] - Distributions per unit decreased to $0.21 in Q3 fiscal 2023, a decline of 54.35% from $0.46 in Q3 fiscal 2022[41] - Total royalty income for the first nine months of fiscal 2023 was $22,016,679, an increase of 104.56% compared to $10,762,772 in the first nine months of fiscal 2022[50] - Net income for the first nine months of fiscal 2023 was $21,331,473, representing an increase of 109.04% compared to $10,204,395 in the same period of fiscal 2022[52] - Distributions per unit increased to $2.26, up 107.34% from $1.09 in the prior year[52] Gas Sales and Royalties - Natural gas accounted for approximately 98.75% of cumulative royalty income in fiscal 2023[28] - Gas sales under the Mobil Agreement for the second calendar quarter of 2023 were 2.957 Bcf, down 19.32% from 3.665 Bcf in the same period of 2022[43] - Average gas prices under the Mobil Agreement decreased by 23.14% to 4.7294 Ecents/Kwh in Q2 2023 from 6.1535 Ecents/Kwh in Q2 2022[44] - Gas sales under the Mobil Agreement decreased by 12.73% to 9.927 Bcf, while gas prices increased by 103.43% to 9.5953 Ecents/Kwh[54] - Gas royalties payable under the Mobil Agreement rose by 78.36% to $11,712,503, compared to $6,566,767 in the previous year[54] - Gas sales under the OEG Agreement decreased by 11.89% to 35.626 Bcf, with gas prices increasing by 102.78% to 9.8363 Ecents/Kwh[54] - Total royalties attributable to gas sales from the Oldenburg concession amounted to $21,741,095, with western Oldenburg contributing approximately 73.79% of this total[54] - The effective royalty rate on gas sold from western Oldenburg is approximately seven times higher than that from eastern Oldenburg, with western gas sales accounting for 78.02% of total gas royalties[46] Trust Expenses and Income - Trust expenses for Q3 fiscal 2023 increased by 53.84% to $231,833 compared to $150,693 in Q3 fiscal 2022[47] - Trust expenses for the first nine months of fiscal 2023 increased by 42.5% to $797,494, compared to $559,638 in the prior year[55] - The Trust received $34,586 in sulfur royalties during the first nine months of fiscal 2023, down from $231,356 in the same period of fiscal 2022[32] - Trust interest income increased significantly to $112,289 from just $1,261 in the same period of fiscal 2022 due to higher interest rates[55] Future Outlook and Risks - The Trust's assets are depleting, and future performance is subject to risks including gas production levels and economic conditions[57] - The Trust does not undertake any obligation to update forward-looking statements after their initial date[57]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2023 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in its Charter) State or Other Jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2023 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in its Charter) State or Other Jurisdiction o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the fiscal year ended October 31, 2022 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in Its Charter) FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (732) 741-4008 (Registrant's telephone number, i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2022 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in its Charter) of Incorporation or Organization ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2022 or Delaware 22-2084119 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 State or Other Jurisdiction of I.R.S. Employer Identification No. For the transition period from to . Commission File Number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2022 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in its Charter) State or Other Jurisdiction o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2021 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in Its Charter) Delaware 22-2084119 State or Other Jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2021 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in its Charter) Delaware 22-2084119 of Incorporation or Org ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2021 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-8245 NORTH EUROPEAN OIL ROYALTY TRUST (Exact Name of Registrant as Specified in its Charter) Incorporation or Organization D ...