-----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, CWMKYexIjiv77GkkeghiHa5htILpXzovnNf7NdQMxnxc99PB9CAcTUHVfPEuJSat JqpQ707KmC/yPbEcnR3RHg== 0001162677-09-000071.txt : 20090330 0001162677-09-000071.hdr.sgml : 20090330 20090327174531 ACCESSION NUMBER: 0001162677-09-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081231 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090330 DATE AS OF CHANGE: 20090327 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: 09711602 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 roy8k09.htm FORM 8-K

 

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):

 

March 27, 2009

 

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) 881-2800

 

Section 2

Financial Information

 

Item 2.02 Results of Operations and Financial Condition

 

On March 27, 2009, Royale Energy released the attached press release reporting earnings for the year ended December 31, 2008.

 

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:    March 27, 2009

/s/ Stephen M. Hosmer

 

Stephen M. Hosmer, Co-President, Co-Chief Executive Officer and Chief Financial Officer

 

 

 

EX-99.1 2 royex991.htm EXHIBIT 99.1 PRESS RELEASE

Exhibit 99.1

 

ROYALE ENERGY ANNOUNCES POSITIVE CASH FLOW

 

CALIFORNIA DISCOVERIES LEAD TO OPPORTUNITY

 

San Diego, California (March 27, 2009). Royale Energy, Inc. (NASDAQ: ROYL) earned $1,540,924 or 19 cents per share in “Cash Flow from Operations” for year end 2008, bolstered by discoveries in California.  While investing heavily in the development of new opportunities, the company continued to add reserves from drilling and cash flow from its core area of operation in California's Sacramento Basin.

 

The capital requirements used in development of Texas Gulf Coast and Rocky Mountain operations were most affected by the sharp decline in the broader energy markets. With oil & natural gas prices falling by over 70% from mid 2008, many companies including Royale, adjusted the cost basis of their assets. The non-cash impairment charges of $15,691,348 resulted in a net loss of $8,777,614.  Total revenue for the year ended 2008, rose to $19,174,144 from $16,557,399 in 2007 or 15.8%.

 

Stephen Hosmer said, “The industry today is reminiscent of 1986 when the company was founded.  In challenging times opportunities abound. Investment decisions on the use of capital must be carefully weighed to correctly position the company for future growth.”

 

Royale will continue to focus investment in areas such as the Sacramento Basin Lonestar Field, where the company drilled 3 wells and increased production by 7.5% in 2008.  Plans for 2009 include the drilling of 7 new wells in the field.

 

About Royale Energy

 

Headquartered in San Diego, Royale Energy, Inc. is an independent energy company.  The company is focused on development, acquisition, exploration, and production of natural gas and oil in California, Texas and the Rocky Mountains.  It has been a leading independent producer of oil and natural gas for over 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.

 

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.

 

 

 

Royale Energy, Inc.

Contact: Chanda Idano

Director of Marketing & PR of Royale Energy, Inc.

+1-619-881-2800 or fax, + 1-619-881-2899

chanda@royl.com http://www.royl.com

 

 

 

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