Announces Stock Dividend Payment Date
SAN DIEGO--(BUSINESS WIRE)--June 5, 2002--Royale Energy Inc. (Nasdaq:
ROYL ) confirmed
that the payment date for the 15% stock dividend announced on March
27, 2002 will be Monday, July 1, 2002.
The board of directors authorized the 15 percent stock dividend
for shareholders of record as of May 31, 2002.
Royale Energy is an independent producer of natural gas and oil
primarily in California. With headquarters 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