[et_pb_section admin_label=”section”][et_pb_row admin_label=”row”][et_pb_column type=”4_4″][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n
READ OFFICIAL PRESS RELEASE<\/a><\/b>\n<\/p>\n ROYALE REPORTS PROFIT FOR SECOND QUARTER<\/strong><\/p>\n San Diego, August 14, 2017 \u2013 Royale Energy, Inc. (OTCQB: ROYL) (\u201cRoyale\u201d or the \u201cCompany\u201d) today announced its second quarter 2017 results, in which it posted net income of $70,662 for the three months ending June 30, 2017. Royale\u2019s second quarter profit was largely because of an $875,533 gain from its turnkey drilling operations, due to the completion of the CRC RVGU 8-4 during the period. Royale\u2019s second quarter net income compares favorably to a $475,397 loss for the same period in 2016.<\/p>\n As previously reported, Royale recently completed the CRC RVGU 8-4 and 8-3 wells in Rio Vista Field, Royale has continued to control its general and administrative expenses; though, legal and accounting About Royale Energy, Inc. <\/strong> Forward Looking Statements<\/strong> Contact: [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" [et_pb_section admin_label=”section”][et_pb_row admin_label=”row”][et_pb_column type=”4_4″][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”] READ OFFICIAL PRESS RELEASE ROYALE REPORTS PROFIT FOR SECOND QUARTER San Diego, August 14, 2017 \u2013 Royale Energy, Inc. (OTCQB: ROYL) (\u201cRoyale\u201d or the \u201cCompany\u201d) today announced its second quarter 2017 results, in which it posted net income of $70,662 for the three months ending […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","spay_email":"","_links_to":"","_links_to_target":""},"categories":[5],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.royl.com\/T1\/wp-json\/wp\/v2\/posts\/937"}],"collection":[{"href":"https:\/\/www.royl.com\/T1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.royl.com\/T1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.royl.com\/T1\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.royl.com\/T1\/wp-json\/wp\/v2\/comments?post=937"}],"version-history":[{"count":2,"href":"https:\/\/www.royl.com\/T1\/wp-json\/wp\/v2\/posts\/937\/revisions"}],"predecessor-version":[{"id":940,"href":"https:\/\/www.royl.com\/T1\/wp-json\/wp\/v2\/posts\/937\/revisions\/940"}],"wp:attachment":[{"href":"https:\/\/www.royl.com\/T1\/wp-json\/wp\/v2\/media?parent=937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.royl.com\/T1\/wp-json\/wp\/v2\/categories?post=937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.royl.com\/T1\/wp-json\/wp\/v2\/tags?post=937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nand spudded the first of two wells in Sansinena Field. Both the 8-3 and the Sansinena wells will be
\nreflected in the 3rd quarter 2017.<\/p>\n
\nexpenses have increased significantly as a result of costs incurred related to Royale\u2019s previously announced
\nmerger with Matrix Oil. Royale anticipates the merger will close early in the fourth quarter.<\/p>\n
\nFounded in 1986, Royale Energy, Inc. (OTCQB:ROYL) is an independent exploration and production company focused on the acquisition, development, and marketing of natural gas and oil. Royale Energy has its primary operations in the Sacramento and San Joaquin basins in California.<\/p>\n
\nIn addition to historical information contained herein, this news release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company\u2019s actual results to differ materially from those in the \u201cforward-looking\u201d 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\u2019s control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.<\/p>\n
\nRoyale Energy, Inc.
\nChanda Idano- Director of Marketing & PR
\n619-383-6600
\nchanda@royl.com<\/a>
\nhttp:\/\/www.royl.com\/T1<\/a><\/p>\n