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Royale Energy Inc. (ROYL) is Building Their Oil and Gas Kingdom

As a NASDAQ Global Markets traded company, Royale Energy Inc. is an independent exploration and production company focused on the acquisition, development, and marketing of oil and natural gas. Founded in 1986, Royale Energy owns and operates wells in California, Texas and the Rocky Mountains, as well as the Gulf Coast. They engage in the production and sale of oil and natural gas as well as the acquisition of oil and gas lease interests and proved reserves. They also involve themselves in the drilling of exploratory development wells, and the sale of working interests in wells primed for drilling.

With corporate headquarters in San Diego, California, Royale sells approximately 15,000,000 cubic feet of natural gas per day to their customers. Royale’s business model for the development of their properties is to sell a portion of the working interest in each lease they have to third party investors. Royale keeps ownership of a portion of a prospect, then bundles prospects into multi-well investments. Shared ownership in multiple wells means opportunities with less risk.

Royale Energy operated 54 natural gas wells in California and had non-operating interests in two wells in California as of December 31, 2007. They also owned an interest and operated two natural gas wells in Utah as of this date. In addition, they had non-operating interests in 17 oil and gas wells in Texas, 3 in Oklahoma, and 2 in Louisiana as of December 31, 2007. Royale Energy Inc. has received the distinction of Oil & Gas World’s “Play of the Month” on five occasions.

At the end of July of this year, the company announced that they have surpassed their goals and earned $760,230 or 9 cents per share fully diluted in the second quarter. Royale Energy improved their quarterly result by $865,580 compared to a loss of $105,350 for the same period in 2007. Their cash flow showed an improvement of 94.84 percent to $4,109,682 or 51 cents per share for the first half compared to $2,109,311 in the same period 2007. Royale’s cash flow for the four previous quarters is now $6,427,383 or 80 cents per share fully diluted.

Royale Energy Inc. continues to work for superior returns for shareholders and direct working interest investors. As a veteran oil and natural gas company, they continue to position themselves for sustained growth and profitability. Royale is building their kingdom of oil and gas projects to serve their shareholders well.

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