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Home > Company Index > Financial Services > Royalty Trusts > North European Oil Royalty Trust

North European Oil Royalty Trust
NYSE: NET
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 PROFILE
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 oil, natural gas, and sulfur producing properties in the former state of Oldenburg (98% of income) and portions of northwest Germany. Royalties are generated by the sale of crude oil, natural gas, distillate, and sulfur mined by subsidiaries of Exxon Mobil, Royal Dutch/Shell, and local companies; 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. The trust is the last vestige of North European Oil Corporation.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: October
2000 Sales (mil.): 14.30
1-Yr. Sales Growth: 32.4%
Employees: 2
Revenue per employee: $7,150,000.00

 KEY PEOPLE
• John H. Van Kirk
    CEO

 CONTACT INFO
43 W. Front St., Ste. 19A
Red Bank, NJ 07701
US
Phone: 732-741-4008
Fax: 732-741-3140

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