-----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, FUkEZ6udrqlCKYQm8l0emmXsG8zSuJ64WCUoL8SEQ71WYWM2h3tcpuQKrj9vBqMn 6vBpZhEhXyAWXjuJi4NW5Q== 0001077629-04-000065.txt : 20041118 0001077629-04-000065.hdr.sgml : 20041118 20041118100611 ACCESSION NUMBER: 0001077629-04-000065 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041118 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041118 DATE AS OF CHANGE: 20041118 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: 041153802 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 roy8k111804.htm

As filed with the Securities and Exchange Commission on November 18, 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):

 

November 12, 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

 

Section 2     Financial Information

 

Item 2.02     Results of Operations and Financial Condition

 

On November 12, 2004, Royale Energy released the attached press release reporting third quarter earnings for 2004.

 

Section 9 Financial Statements and Exhibits

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit 99.1 Press Release

 

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:       November 12, 2004

/s/ Stephen M. Hosmer

 

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

EX-99 2 roy8k991.htm

Exhibit 99.1

 

News for Immediate Release

Royale Energy Reports Revenue And Earnings For the Nine Months and Three Months Ended September 30, 2004

 

SAN DIEGO, Royale Energy Inc (NASDAQ:ROYL) today reported financial results for the nine months and three-month periods ended September 30th, 2004.

 

Total revenue for the first nine months of 2004 was $17,730,706, an increase of $2,365,542, or 15.4% from the total revenue of $15,365,164 received during the period in 2003. For the first nine months 2004, we achieved a net profit of $2,384,068, a $437,496 decrease from the net profit of $2,821,564 achieved during the same period of 2003. This is attributed to several factors, including increased DD&A (depreciation, depletion, and amortization, a non-cash item) intensifying marketing efforts and the blowout of the Bowerbank Sam #2 well.

 

The 3rd Qtr of 2004 net profit of $702,861, decreased $646,919 from 3rd-Qtr 2003 net profit of $1,349,780.

Higher oil and natural gas revenue for the nine months ended September 30th, 2004 was mainly due to increases in both natural gas produced and sold during the period and the average price received. The net sales volume for natural gas for the same period in 2004 was approximately 1,461,107 MCF with an average price of $5.40 per MCF, a 93,967, or 6.9% increase form the net sales volume of 1,367,140 MCF with an average price of $4.92 per MCF sold during the same period in 2003.

 

Don Hosmer, CEO stated that after some non-recurring expenses in the 3rd-Qtr that affected profits, the Company is encouraged by its continued growth in revenue and natural gas production, and the Company is well positioned to capitalize on higher product prices.

 

Steve Hosmer, Executive Vice President said that Royale Energy is increasing its inventory of 3D surveys and drillable prospects and will be more active in its drilling schedule over the next 12 months; further stating that an operational update on Company activities will be released next week.

 

ROYALE ENERGY, INC.
STATEMENTS OF OPERATIONS

 

Three Months
Ended 2004
(Unaudited)

September 30,
2003
(Unaudited)

Nine Months
Ended 2004
(Unaudited)

September 30,
2003
(Unaudited)

Total Revenues

$5,825,029  

$6,327,848  

$17,730,706  

$15,365,164  

Total Costs and Expenses

$4,866,963  

$4,192,262  

$14,104,741  

$10,883,273  

Net Income

$   702,861  

$1,349,780  

$  2,384,068  

$  2,821,564  

Diluted Earnings Per Share

$0.10  

$0.20  

$0.34  

$0.42  

Basic Earnings Per Share

$0.10  

$0.21  

$0.34  

$0.44  

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 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

 

 

-----END PRIVACY-ENHANCED MESSAGE-----