North European Oil Royalty Trust declares Q2 distribution of $0.38/unit, up 171% YoY

NORTH EUROPEAN OIL ROYALTY TRUST

Quarterly distribution $0.38 per unit (vs $0.14 in Q2 FY2021), payable May 25, 2022 to holders of record May 13, 2022.
Mobil Agreement gas royalties rose 150.29% to $2.31M on 234% higher gas prices despite 17.2% lower sales volumes.
OEG Agreement gas royalties rose 227.73% to $1.26M on 234% higher gas prices despite 9.47% lower sales volumes.
Cumulative 12-month distribution now $0.92 per unit, up 196.77% from $0.31 per unit a year earlier.
Royalty income under Mobil Sulfur Agreement was $70,618 vs $36,411 in the prior-year quarter.

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