-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J+iDSb9usuSCdaKFt5Ta2OScAvmGRkc/7FpiCIEs9avQnpzMye3/nEZeLbDJXek2 xOWqGZyCAlTTVDSyqvz/YQ== 0001077629-04-000042.txt : 20040812 0001077629-04-000042.hdr.sgml : 20040812 20040812124823 ACCESSION NUMBER: 0001077629-04-000042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040811 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROYALE ENERGY INC CENTRAL INDEX KEY: 0000864839 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 330224120 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22750 FILM NUMBER: 04969448 BUSINESS ADDRESS: STREET 1: 7676 HAZARD CENTER DR STREET 2: SUITE 1500 CITY: SAN DIEGO STATE: CA ZIP: 92108 BUSINESS PHONE: 6192978505 MAIL ADDRESS: STREET 1: ROYALE ENERGY INC STE 1500 STREET 2: 7676 HAZARD CENTER DR CITY: SAN DIEGO STATE: CA ZIP: 92108 FORMER COMPANY: FORMER CONFORMED NAME: ROYALE ENERGY FUNDS INC DATE OF NAME CHANGE: 19940318 8-K 1 roy8k2ndqtr.htm

As filed with the Securities and Exchange Commission on August 12, 2004

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):

 

August 11, 2004

 

ROYALE ENERGY, INC.

(Exact name of registrant as specified in its charter)

 

California

     

0-22750

     

33-02224120

(State or other jurisdiction of incorporation or organization)

     

(Commission File Number)

     

(IRS Employer Identification No.)

 

 

 

 

 

7676 Hazard Center Drive, Suite 1500

San Diego, California 92108

(Address of principal executive office)

 

Issuer's telephone number: (619) 297-8505

 

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

 

(c) Exhibits.

 

99.1.      Press Release dated August 11, 2004

 

Item 12. Results of Operations and Financial Condition

 

This information set forth under "Item 12. Results Of Operations And Financial Condition," including the Exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section of the Exchange Act, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

 

On August 11, 2004, Royale Energy released the attached press release reporting first quarter earnings for 2004.

 

 

 

SIGNATURES

 

            Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

ROYALE ENERGY, INC.

 

 

 

 

Date:     August 12, 2004

   /s/ Stephen M. Hosmer        

 

Stephen M. Hosmer, Executive Vice President and Chief Financial Officer

 

 

EX-99 2 royexh99.htm

Exhibit 99.1

 

Royale Energy, Inc. Announces 2nd Qtr and Six Month 2004 Earnings

 

SAN DIEGO, August 11, 2004 - Royale Energy, Inc. (NASDAQ: ROYL) reported financial results for the three and six month periods ending June 30th, 2004.

 

Total revenue for the three months ending June 30th, 2004 was $6,392,400, a 26.8% increase compared to $5,042,528 for the same period in 2003.

 

Net income for the quarter ending June 30, 2004 was 719,582 compared to 886,723 for the same period in 2003. The 2004 income was impacted by extraordinary expenses of over 325,000 related to the blowout of the Sam #2 well in April. The second quarter 2004 income, excluding these extraordinary items, would have exceeded 935,707 and 1,897,332 for the six months ended June 30, 2004.

 

Total revenue for the six months ending June 30th, 2004 was $11,905,677, a 31.7% increase compared to $9,037,316, for the same period in 2003. Net income was $1,681,207 in the first six months of 2004 a 14.2% increase over the $1,471,784 in the first six months of 2003.

 

Production for the three month period ending June 30, 2004 was 528,910 MCFE compared to 511,744 for the same prior year period, a 3% increase and for the six month period ending June 30, 2004 production increased to 1,188,980 MCFE a 24% increase over the same prior year period.

 

 

ROYALE ENERGY, INC.

STATEMENTS OF OPERATIONS

 

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 

 

2004
(Unaudited)

 

2003
(Unaudited)

 

2004
(Unaudited)

 

2003
(Unaudited)

   Total Revenues

 

6,392,400

  

5,042,528

 

11,905,677

 

9,037,316

   Total Costs and Expenses

 

5,236,913

 

3,382,725

 

9,237,778

 

6,691,011

Net Income

 

$    719,582

 

$    886,723

 

$ 1,681,207

 

$ 1,471,178

Diluted Earnings Per Share

 

$          0.09

 

$          0.11

 

$          0.21

 

$          0.18

Basic Earnings Per Share

 

$          0.09

 

$          0.11

 

$          0.21

 

$          0.19

 

 

 

 

 

 

 

 

 

Forward Looking Statements

 

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.

 

About the Company

 

Headquartered in San Diego, Royale Energy, Inc. engages in the exploration and development of domestic oil and or natural gas, through the application of modern computer-aided exploration technology. Royale Energy has been a leading independent producer of oil and natural gas for nearly 20 years. The company's strength is continually reaffirmed by investors who participate in funding over 50% of the company's new projects. Additional information about Royale Energy, Inc. is available on its web site at www. ROYL.com

 

Company Contact

 

Jennifer Crisologo
Royale Energy, Inc. 7676 Hazard Center Drive, Suite 1500 San Diego, CA 92108
Ph: 800.447.8505 Fax: 619.881.2898

Web site: www.royl.com email: ir@royl.com NASDAQ: ROYL

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