I'll tell you why.
They choose the wrong partner.
Rampart Energy .008 withdrew the offering due to lack of interest.
Rampart is flat broke.
I like to see Rampart go bankrupt Royl buy there interest back for pennies on the dollar and find the right partner.Or issue stock and bonds and go it alone.
Royl stockholders are kept in the dark.
with oil prices moving down and the dollar strengthens, this really is not a bad thing to have hold off on the investment into Alaska, Rampart has the funding, the deal is not dead by no means, the end of the year and starting of 2015 you will see some movement in the direction investors want to see. facing another problem if nat gas goes under $3.80 royl will not be wise investment, ca has no water and a federal law to pulse the rivers for the salmon is depleting the supply of water in large reservoirs, hydro elect is not happening currently, conversion of powerplants to nat gas is helping ca drillers of nat gas, currently Royl is a very small fish in northern ca drilling for gas, I will tell ya. drilling is going at full steam. city gas contracts are currently higher than what being traded on the market, I would hold off purchasing royl, besides any hipe, and short term movement, I would play this stock to low 2s
Royale should control its own destiny and hire its own investment banker to find a partner.,) results from rampart efforts lacking...... street aware of it and price of oil reflcted in share price........need some good news
If you look at the recent wells that Royale has drilled in the North Arbuckle area and Lone Star area. None of them will come close to paying back the investors. As I understand it they pay 100% of the costs and get 50% of the income? Maybe Usarconan can clarify. But regardless, most of these new wells that are posted on the DOGGR website are duds.
Did they ever find Gas in Alaska? Is there still an LNG station in Alaska? Well they should have hunted OIL.
Sell Alaska to MILL.
REMEMBER GOOD FOLKS IT'S ALL ALASKA.
Sure hope all of you are doing well. I will be at Royale HQ for the annual meeting/
Who knows might be some thing of interest announced regarding ALASKA
Keep the faith.
Good investing to all of you.
Up a bit on the news in a down market, but will it keep going and hold. I'm in it for the long haul, or at least until I double my money again at $5. Any thoughts? BTW what every happened to michaelberry the long?
Yeah what is that a bump to $5 around once a year and then the air gets let out of the tires? Not a bad way to double your money if you have the time.