North European Oil Royalty Trust (NRT) 2000年年度报告「NYSE」.pdf

1、The Annual Meeting of Unit Owners will be held on Wednesday,February 14,2001,at 1:30 P.M.,in Rooms 3 and 4,Ninth Floor,at the University Club,1 West 54 Street,New York City(Northwest corner of 5 Avenue).ththAll unit owners are cordially invited to attend.Table of Contents Report to Unit Owners.2-3 S

2、elected Financial Data.4 Description of Trust Assets.4 Managements Discussion and Analysis.5-7 Distributions and Trading.7 Auditors Report.8 Financial Statements.9-10 Notes to Financial Statements.11-12 Dollar Royalties-Western and Eastern Oldenburg.13 Ten Year History of Net Gas Sales.14 Note to Un

3、it Owners(Removable).15-16 Net Gas Reserves(Estimated)and Volume of Net Gas Sales.17IMPORTANT TAX INFORMATIONFor your convenience the information necessary to prepareyour 2000 tax return is included in the removable“Note to Unit Owners”on Pages 15 and 16.Please note there will be no separate mailing

4、 of the tax letter.Report to Unit Owners:FOURTH QUARTER 2000Net income for the Trust for the fourth quarter of fiscal 2000 was$2,894,771,anincrease of 26.9%from the fourth quarter of fiscal 1999.Higher gas prices covering gassales under both royalty rate agreements in effect within the Oldenburg con

5、cession morethan offset the combined impact of the reduced volume of gas sales and the lower averageexchange rate for the Euro.Western Oldenburg gas prices under the Trusts 4%royaltyagreement with Mobil Erdgas-Erdol GmbH(“Mobil Erdgas”),the German subsidiary ofExxon Mobil Corp.,averaged 1.2505 Euro

6、cents per Kwh(“Ecents/Kwh”),an increase of81.2%from the average price for the fourth quarter of fiscal 1999 of.6901 Ecents/Kwh.For overall gas sales subject to the Trusts 0.6667%royaltyagreement with Oldenburgische Erdol Gesellschaft(OEG),gas prices averaged 1.2673 Ecents/Kwh.This average price repr