Royale Energy Inc (NASDAQ:ROYL) announced it is being listed on
NASDAQ Capital Markets, effective July 30, 2009, with trading to begin
immediately.
Royale Energy’s move from the Global Market to the NASDAQ Capital
Markets shows Royale’s commitment to its shareholders to provide an
actively traded stock on one of the largest and most recognized
exchanges in the world. This will also give the company access to the
capital market when needed to provide funding for the development of its
exploration and production activities.
The Company announced last week it has received approval to build its
drilling locations in an area where it has had several recent successes.
These wells will be drilled in the third quarter. The Company has
requested approval of an S3 registration with the Securities and
Exchange Commission (SEC) to help meet the capital requirements for
continued development of its projects.
About Royale Energy
Headquartered in San Diego, Royale Energy, Inc. is an independent energy
company. The company is focused on development, acquisition,
exploration, and production of natural gas and oil in California, Texas
and the Rocky Mountains. It has been a leading independent producer of
oil and natural gas for over 20 years. The company's strength is
continually reaffirmed by investors who participate in funding over 50%
of the company's new projects. Additional information about Royale
Energy, Inc. is available on its web site at www.royl.com.
Forward Looking Statements
In addition to historical information contained herein, this news
release contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, subject to various
risks and uncertainties that could cause the company's actual results to
differ materially from those in the "forward-looking" statements. While
the company believes its forward looking statements are based upon
reasonable assumptions, there are factors that are difficult to predict
and that are influenced by economic and other conditions beyond the
company's control. Investors are directed to consider such risks and
other uncertainties discussed in documents filed by the company with the
Securities and Exchange Commission.
Royale Energy, Inc.
Chanda Idano
Director of Marketing
& PR for Royale Energy, Inc.
619-881-2800
chanda@royl.com
http://www.royl.com
