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Stock impact report

NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FIRST QUARTER OF FISCAL 2024 [Yahoo! Finance]

North European Oil Royality Trust (NRT) 
US:NYSE Investor Relations: neort.com/investors.html
Company Research Source: Yahoo! Finance
for the first quarter of fiscal 2024, payable on February 28, 2024 to owners of record on February 16, 2024 The Trust receives its royalties under the Mobil and OEG Royalty Agreements as detailed in the 2023 10-K on the Trust's website. The Trust's monthly royalty payments are paid based on the amount of royalties payable to the Trust in the prior quarter. End of quarter royalty adjustments result from the need to align scheduled royalty payments from the operating companies with actual royalties that should have been paid. When actual prices and volumes are reported, there will be a positive reconciliation in the current quarter or a negative reconciliation in the subsequent quarter. As of the end of the first quarter of fiscal 2024, there remained a negative adjustment of Euros 200,113 under the OEG Agreement. The earlier negative adjustments under the Mobil Agreement have been fully offset. With the first scheduled payments to be received by the Trust in February 2024 , the neg Show less Read more
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