|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.42 - 0.42|
|52 Week Range||0.32 - 0.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 26, 2017 - Oct 30, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.91|
Royale Energy, Inc., (ROYL) announced today it has entered into a Letter of Intent with an undisclosed company to purchase it’s non-operated interests in Permian Basin and California oil fields. The acquisition will add approximately 190 barrels of oil per day (BOED) net for an acquisition price of $12 million dollars, subject to customary due diligence. The reserves are oil weighted at 91 percent and include the Jameson North field in Texas where 3D seismic has identified proved but undeveloped locations (PUDs) that can be drilled. The California field is situated near the Sansinena oil field where Royale has a joint venture with RMX Resources.
Royale Energy, Inc., (ROYL) announced today that the 2018 annual meeting of shareholders, or “Royale Annual Meeting,” will be held on July 26, 2018 at 10:30 A.M., PDT, at Hilton Los Angeles Airport, 5711 West Century Boulevard, Los Angeles, California 90045. The proxy statement containing the meeting details is available on the Royale’s website (ROYL.com) and will be mailed to shareholders in the first week in July. All candidates possess extensive management experience in small to large, private and public oil and gas companies.
Prior to accepting the chief executive responsibilities at Royale, Mr. Eson served as the CEO of Foothill Energy LLC, a California-focused company he founded in 2004. Mr. Eson formed Foothill Energy after serving as executive vice president, and president and CEO of Venoco Inc., an oil and gas exploration and production company that primarily operated in California.
Categories: Yahoo FinanceGet free summary analysis Royale Energy, Inc. reports financial results for the quarter ended September 30, 2017. We analyze the earnings along side the following peers of Royale Energy, Inc. – Pioneer Energy Services Corp., Patterson-UTI Energy, Inc., Yuma Energy Inc, Parker Drilling Company and Nabors Industries Ltd. (PES-US, PTEN-US, YUMA-US, PKD-US and NBR-US) that ... Read more (Read more...)