North European Oil Royalty Trust
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Energy : Oil, Gas & Consumable Fuels | Small Cap Growth
Company profile

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.

Price
Delayed
$12.22
Day's Change
-0.1094 (-0.89%)
Bid
--
Ask
--
B/A Size
--
Day's High
12.58
Day's Low
12.22
Volume
(Light)

Today's volume of 18,441 shares is on pace to be much lighter than NRT's 10-day average volume of 176,639 shares.

18,441

CALLING UP-AND-COMING ARTISTS, ROYAL CARIBBEAN LAUNCHES ART PROGRAM TO DEBUT ON ICON OF THE SEAS

9:00 am ET March 10, 2023 (PR Newswire) Print

First Up in the "Artist Discovery Program" Will be a Spotlight on Local Caribbean Artists

Royal Caribbean International has launched a search for iconic artistry to bring the Caribbean spirit to life on the iconic canvas that is the world's best family vacation, Icon of the Seas. In the new "Artist Discovery Program,"up-and-comingartists from destinations the cruise line visits can vie to put their work on display for millions of vacationers who will set sail for years to come. The program's purpose is to infuse every region's spirit and culture into the curated art collections on board ships, in order to highlight and celebrate the very destinations and their people at the heart of Royal Caribbean's memorable vacations. Beginning in the Caribbean, local artists can send their submissions starting today and through April 4here.

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"The Artist Discovery Program is a project close to our hearts at Royal Caribbean International because the destinations we visit are family. And it's only fitting that we begin our search for up-and-coming artists who are in the Caribbean; it's where we got our start more than 50 years ago," said Michael Bayley, president and CEO, Royal Caribbean International. "Vacationers want to immerse themselves in the places they visit. This is a way to spotlight the beauty of the local cultures and people in the places they see and enjoy every day on their cruise, beginning with large-scale canvases on a first-of-its-kind adventure - Icon of the Seas."

The first group of budding artists, making up the Artist Discovery Program: Caribbean Edition, will be commissioned to paint nine large-scale murals in three highly visible locations: the Royal Promenade neighborhood, the heartbeat of the new ship; among the first sights guests see at Icon's main entrance; and within the Suite Neighborhood. Each piece will invoke the vibrancy of the Caribbean, joining the collection on board that will include an array of pieces created by Caribbean artists or inspired by the region.

Every artist will receive a grant from the cruise line, ranging from $20,000 to more than $100,000, to see their vision through. Later this year, as artists in residence, the winners will work closely with the Newbuilding team behind Royal Caribbean's renowned ships to bring their concepts to life in Turku, Finland, where Icon is under construction.

To vie for a spot in the first edition of Artist Discovery Program, artists must submit the following:

-- Five samples of conceptual work: The work must be original and may not currently be published or on display.

-- A brief artist statement that helps explain their work, inspiration and other details regarding the pieces submitted.

-- A copy of their resume.

Iconis thefirst-of-its-kind combination of the best of every vacation. From thebeach retreatto theresort escapeand thetheme park adventure, the brand-new getawaydeliversevery kind of family and vacationers their version of the ultimate family adventure.In store is an all-encompassing lineup of firsts and next-level favorites acrosseight neighborhoods. Between the adrenaline-pumping thrills at the newThrill Islandneighborhood and unrivaled ways to chill at neighborhoods like the newChill Islandand the luxurious four-levelSuite Neighborhood, adventurers bonding with their families or getting away with friends will have all the ways to stay and play their way.

The first Icon Class shipwill sail year-round,7-night Eastern and Western Caribbean vacationsfromMiami. Every cruise will visit Royal Caribbean's top-rated private island destination,Perfect Day at CocoCay inThe Bahamas,anda mix of destinationslike Cozumel, Mexico; Philipsburg, St. Maarten; and Basseterre, St. Kitts.More details aboutIconare available atwww.RoyalCaribbean.com/Icon.

Future editions of the Artist Discovery Program will be announced at a future date. Additional information on the program can be found here.

About Royal Caribbean InternationalRoyal Caribbean International, owned by Royal Caribbean Group (NYSE: RCL), has been delivering innovation at sea for more than 50 years. Each successive class of ships is an architectural marvel that features the latest technology and guest experiences for today's adventurous traveler. The cruise line continues to revolutionize vacations with itineraries to 240 destinations in 61 countries on six continents, including Royal Caribbean's private island destination in The Bahamas, Perfect Day at CocoCay, the first in the Perfect Day Island Collection. Royal Caribbean has also been voted "Best Cruise Line Overall" for 20 consecutive years in the Travel Weekly Readers Choice Awards.

Media can stay up to date by following @RoyalCaribPR on Twitter and visiting RoyalCaribbeanPressCenter.com. For additional information or to make reservations, vacationers can call their travel advisor; visit RoyalCaribbean.com; or call (800) ROYAL-CARIBBEAN.

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View original content to download multimedia:https://www.prnewswire.com/news-releases/calling-up-and-coming-artists-royal-caribbean-launches-art-program-to-debut-on-icon-of-the-seas-301768950.html

SOURCE Royal Caribbean International

https://rt.newswire.ca/rt.gif?NewsItemId=FL38839&Transmission_Id=202303100900PR_NEWS_USPR_____FL38839&DateId=20230310

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COMTEX_426290932/1005/2023-03-10T09:00:18

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