North European Oil Royalty Trust declares Q3 FY2022 distribution of $0.46/unit, up 207% YoY

NORTH EUROPEAN OIL ROYALTY TRUST

Distribution of $0.46 per unit for Q3 fiscal 2022, payable Aug 31, 2022 to holders of record Aug 19, 2022.
Distribution increased 206.67% ($0.31) compared to $0.15 per unit in Q3 fiscal 2021.
Cumulative 12-month distribution now $1.23 per unit, up 251.43% from $0.35 per unit prior period.
Royalties driven by higher gas prices (Mobil agreement gas prices up 283.83% YoY) partially offset lower gas sales and weaker euro.
Additional earnings details scheduled for release on or about August 19, 2022.

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