% | $
Quotes you view appear here for quick access.

Royale Energy Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • scoutaboutt scoutaboutt Jun 3, 2008 10:13 PM Flag

    Is ROYL sitting on $11 billion of ng?

    When they drill the wells they will have PROVEN reserves.

    PROVEN reserves are worth $2.50 per mcf.

    ROYL might have over a Trillion cubic feet of natural gas. That is $2.5 billion.

    Just keep the property and churn out the earnings.

0.36-0.0400(-10.00%)Apr 29 3:57 PMEDT