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North European Oil Royalty Trust Q2 total royalty income reduced

Christian Fernsby ▼ | May 18, 2020
North European Oil Royalty Trust reported the net income for the second quarter of fiscal 2020.
North European Oil Royalty Trust
North European Oil Royalty Trust   There was no prior period adjustment
Total royalty income includes any adjustments made by the operating companies based upon their corrected royalty calculations for prior periods as well as any Mobil sulfur royalties.

Topics: North European Oil Royalty Trust

During the second quarter of fiscal 2020, total royalty income was reduced by prior period adjustments totaling $137,944.

There was no prior period adjustment for the second quarter of fiscal 2019.

The Trust received separate sulfur royalty payments under the Mobil Agreement of $31,105 and $52,728 during the second quarters of fiscal 2020 and 2019, respectively.


 

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