Energy Announces 2nd Annual Stock Dividend
SAN DIEGO, CA--(BUSINESS WIRE)--March 27, 2002--On March 18, 2002,
the Royale Energy Board of Directors approved the issuance of a
15 percent stock dividend to shareholders of record on May 31, 2002.
This is the second annual stock dividend approved by the Board
and reflects the profitability of the company.
The company's president, Donald Hosmer, said, "The increase in
the return on equity from 32 percent in 2000 to 39 percent in 2001
shows the impact of successful drilling and increased production
and allows the Company to further reward the stockholders with additional
The company's CFO, Stephen Hosmer, said, "This will increase the
number of outstanding shares providing greater liquidity and giving
Royale Energy better exposure in the investment community."
Royale Energy 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