Energy Announces Stock Dividend
SAN DIEGO--(BUSINESS WIRE)--April 3, 2001--On March 26, 2001 the
board of directors approved the issuance of a 15% stock dividend
to shareholders of record on May 25, 2001.
The company's President, Don Hosmer, commenting on the action
said, "The company experienced a very strong year in 2000. We remain
optimistic on the outlook for the first quarter and full year results
of 2001. With these conditions we felt confident in rewarding the
stockholders of the company with the first dividend."
The company's CFO, Stephen Hosmer said, "It is our belief that
the issuance of this dividend will increase liquidity which should
allow the company to recognize a stock value more closely aligned
with its peers."
Royale Energy (NASDAQ NMS: ROYL - news) is
an independent producer of natural gas and oil primarily in California.
Headquartered in San Diego, the company applies modern computer-aided
exploration technologies in the exploration and development of oil
and/or natural gas.
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.
Inc., San Diego
Donald Hosmer, 619/881-2800