KEENE, NH, Oktober 29, 2021 /PRNewswire/ — The Trustees of North European Oil Royalty Trust (NYSE: NRT) announced a quarterly distribution of $0.14 per unit for the fourth quarter of fiscal 2021, payable on 24 november 2021 aan houders van een record op november 12, 2021. Natural gas sold during the third calendar quarter of 2021 is the primary source of royalty income on which the november 2021 distributie is gebaseerd.
John R. Van Kirko, Managing Director, meldde dat dit jaar de driemaandelijkse uitkering van $0.14 per eenheid is 600.0%, of $0.12 per eenheid, hoger dan de verdeling van $0.02 per unit for the fourth quarter of fiscal 2020. For the quarter ending 31 oktober 2021, the combination of higher gas sales and gas prices more than offset the slight decline in average exchange rates and the negative year-end adjustments for calendar 2020
(-$157,538) resulting in the higher distribution. The more significant economic impact of COVID-19 during the first half of calendar 2020 resulted in the negative year-end adjustments. Additional details will be included in the earnings press release scheduled for publication on or about 12 november 2021.
The Trust receives 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 third calendar quarters of 2021 and 2020.
|
Driemaandelijkse gasgegevens die de basis vormen voor de fiscale kwartaalroyalty's |
|||
|
Mobil-overeenkomst |
3rd Kalenderkwartaal Eindigde op 9/30/2021 |
3rd Kalenderkwartaal Eindigde op 9/30/2020 |
Percentage Veranderen |
|
Gasverkoop (vgl1) |
3.985 |
3.186 |
+ 25.08% |
|
Gas prijzen2 (Ecents/Kwh3) |
1.9573 |
0.9255 |
+ 111.49% |
|
Gemiddelde wisselkoersen4 |
1.1703 |
1.1761 |
– 0.49% |
|
Gasroyalty's |
$1,043,662 |
$395,791 |
+ 163.69% |
|
OEG-overeenkomst |
|||
|
Gasverkoop (Bcf) |
13.365 |
10.601 |
+ 26.07% |
|
Gas Prices (Ecents/Kwh) |
1.9961 |
0.9438 |
+ 111.50% |
|
Gemiddelde wisselkoersen |
1.1714 |
1.1730 |
– 0.14% |
|
Gasroyalty's |
$441,458 |
$97,128 |
+ 354.51% |
|
1Miljard kubieke voet 2Gas prices derived from May-July period 3Eurocent per kilowattuur |
The cumulative 12-month distribution for fiscal 2021, which includes this November distribution and the three prior quarterly distributions, is $0.47 per eenheid. Deze cumulatieve uitkering over een periode van twaalf maanden bedraagt 12% of $0.15 per unit higher than the cumulative 12-month distribution of $0.32 for fiscal 2020. The Trust makes quarterly distributions to unit owners during the months of February, May, August and November.
Contact - John R. Van Kirko, Managing Director, telefoon: (732) 741-4008, e-mail: [e-mail beveiligd]. The Trust’s press releases and other pertinent information are available on the Trust’s website: www.neort.com.
BRON North European Oil Royalty Trust
Gerelateerde Links
PlatoAi. Web3 opnieuw uitgevonden. Gegevensintelligentie versterkt.
Klik hier om toegang te krijgen.
