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Royale Energy Inc   (ROYL)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $0.0650 $0.00 -5.797%
Day's High: $0.065 Week Perf: 44.12 %
Day's Low: $ 0.05 30 Day Perf: 71.05 %
Volume (M): 3 52 Wk High: $ 0.08
Volume (M$): $ 0 52 Wk Avg: $0.04
Open: $0.07 52 Wk Low: $0.01



 Market Capitalization (Millions $) 4
 Shares Outstanding (Millions) 68
 Employees 11
 Revenues (TTM) (Millions $) 3
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 5

Royale Energy Inc

Royale Energy, Inc. is an independent oil and natural gas producer. Royale Energys principal lines of business are the production and sale of natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of both exploratory and development wells, and sales of fractional working interests in wells to be drilled by Royale Energy. Royale Energy was incorporated in California in 1986 and began operations in 1988. Royale Energys common stock is traded on the Over-The-Counter QB (OTCQB) Market System (symbol ROYL).


Royale Energy owns wells and leases located mainly in the Sacramento Basin and San Joaquin Basin in California as well as in Utah, Texas, Oklahoma, and Louisiana. Royale Energy usually sells a portion of the working interest in each well it drills or participates in to third party investors and retains a portion of the prospect for its own account. Selling part of the working interest to others allows Royale Energy to reduce its drilling risk by owning a diversified inventory of properties with less of its own funds invested in each drilling prospect, than if Royale Energy owned all the working interest and paid all drilling and development costs of each prospect itself. Royale Energy generally sells working interests in its prospects to accredited investors in exempt securities offerings. The prospects are bundled into multi-well investments, which permit the third party investors to diversify their investments by investing in several wells at once instead of investing in single well prospects.

Royale Energy acquires interests in oil and natural gas reserves and sponsors private joint ventures. Royale Energy believes that its stockholders are better served by diversification of its investments among individual drilling prospects. Through its sale of joint ventures, Royale Energy can acquire interests and develop oil and natural gas properties with greater diversification of risk and still receive an interest in the revenues and reserves produced from these properties. By selling some of its working interest in most projects, Royale Energy decreases the amount of its investment in the projects and diversifies its oil and gas property holdings, to reduce the risk of concentrating a large amount of its capital in a few projects that may not be successful.

After acquiring the leases or lease participation, Royale Energy drills or participates in the drilling of development and exploratory oil and natural gas wells on its property. Royale Energy pays its proportionate share of the actual cost of drilling, testing, and completing the project to the extent that it retains all or any portion of the working interest.

Royale Energy also may sell fractional working interests in undeveloped wells to finance part of the drilling cost. A drilling contract that calls for a company to drill a well, for a fixed price, to a specified depth or geological formation is called a "turnkey contract." When Royale Energy sells fractional working interests in unproved property to raise capital to drill oil and natural gas wells, generally it agrees to drill these wells on a turnkey contract basis, so that the holders of the fractional interests prepay a fixed amount for the drilling and completion of a specified number of wells. Under a turnkey contract, Royale Energy may record a gain if total funds received to drill a well were more than the actual cost to drill those wells including costs incurred on behalf of the participants and costs incurred for its own account.

Although Royale Energy’s operating agreements do not usually address whether investors have a right to participate in subsequent wells in the same area of interest as a proposed well, it is the Company’s policy to offer to investors in a successful well the right to participate in subsequent wells at the same percentage level as their working interest investment in the prior successful well.



   Company Address: 1530 Hilton Head Road #205 El Cajon 92019 CA
   Company Phone Number: 619-383-6600   Stock Exchange / Ticker: NONE ROYL
   ROYL is expected to report next financial results on May 18, 2024.


Customers Net Income fell by ROYL's Customers Net Profit Margin fell to

-42.1 %

11.92 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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• View Complete Report
   



Royale Energy Inc

Royale Energy Inc Celebrates A Significant 10.71% Revenue Surge in Q1 2023 Despite Profit Decline


Introduction:
Royale Energy Inc recently released its financial results for the January to March 31, 2023 period, which showcased a series of interesting developments. While certain aspects, such as income per share and revenue growth, remained stable or improved, the company experienced a significant decline in profit. This article aims to interpret these financial results and speculate on how they might impact Royale Energy Inc's future prospects.
Income per Share:
Despite stable income per share of $0.01 compared to the previous year, a slight dip from $0.02 per share in the previous quarter might raise some concerns among investors. This potential stagnation could impede the company's ability to attract new shareholders in the future.






 

Royale Energy Inc's Segments
 
 
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