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North European Oil Royalty Trust NRT

Energy Oil & Gas E&P
North European Oil Royalty Trust (the Trust) is a grantor trust which, on behalf of the owners of units of beneficial interest in the Trust (the unit owners), holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp. (ExxonMobil) and the Royal Dutch/Shell Group of Companies (Royal Dutch/Shell Group). Under these contracts, the Trust receives various percentage royalties on the proceeds of the sales of certain products from the areas involved. Its royalties are received for sales of gas well gas, oil well gas, crude oil, condensate and sulfur. The Trust conducts no active business operations and is restricted to collection of income from royalty rights and distribution to unit owners of the net income after payment of administrative and related expenses.


NYSE:NRT - Post by User

North European Oil Royalty Trust
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Comment by philosopheron Aug 31, 1999 1:03pm
383 Views
Post# 968132

RE: Partners

RE: Partners...looks like your wish has been granted. Story on bizyahoo, Hoechst, Marion Russel partnership announced today. Regarding this forum, I'm using t.nrt, you may want to do same...
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Dealroom for high-potential pre-IPO opportunities