-----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, RhZnKbKJ+HQlma3BdSkJozueo92s4uW7Fcdesrz9lg6FVs77QpEw4HeeUFY0MRC5 hb+vpe8rAZLo5yl8pE03eA== 0001162677-09-000130.txt : 20090724 0001162677-09-000130.hdr.sgml : 20090724 20090724172208 ACCESSION NUMBER: 0001162677-09-000130 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090720 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing FILED AS OF DATE: 20090724 DATE AS OF CHANGE: 20090724 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: 09963023 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 royl8k.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):

 

July 20, 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 3

Securities and Trading Markets

 

Item 3.01

Notice of Failure to Satisfy a Continued Listing Rule or Standard

 

On July 20, 2009, Nasdaq issued a determination that Royale Energy, Inc., had not yet completed a plan filed on April 16, 2009, to regain compliance with Nasdaq’s minimum $10 million shareholders’ equity requirement. Royale intends to appeal Nasdaq’s determination pursuant to Nasdaq Rule 5800

 

Attached is a press release describing the Nasdaq notice and Royale’s response.

 

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:    July 24, 2009

/s/ Stephen M. Hosmer

 

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

 

 


 

 

 

EX-99 2 roylex991.htm EXHIBIT 99.1 PRESS RELEASE

Exhibit 99.1

 

Royale Prepares to Meet Its Capital Funding and Drilling Schedules

 

SAN DIEGO--(BUSINESS WIRE)--Royale Energy Inc (NASDAQ:ROYL - News) announced today that it has received regulatory approval to build drilling locations for its scheduled third quarter wells. Having weathered the trying times for the industry this year, the company is actively working toward the drilling of several new developmental wells designed to add production before the winter heating season begins.

 

Receipt of this important approval marks one of the key requirements necessary to begin drilling. To meet the capital requirements for this drilling, the company has requested approval of an S-3 registration with the Securities and Exchange Commission (SEC) on April 22, 2009. This registration is also a part of the company’s plan for compliance with NASDAQ’s Net Stockholders Equity requirement, noted on April 1, 2009.

 

On Monday, NASDAQ staff issued a determination that the company had not yet completed the plan filed on April 16, 2009. The staff determination was not permitted to take into account the SEC time table for approval of the S3. As a result, pursuant to NASDAQ rule 5800, the company will request a hearing seeking to afford it the time to receive SEC approval. Royale is confident that the panel will understand the need for SEC approval, allowing the company to meet its requirements and commence drilling.

 

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.

 

Contact:

 


Royale Energy, Inc.

Chanda Idano

Director of Marketing & PR for Royale Energy, Inc.

619-881-2800

chanda@royl.com

http://www.royl.com

 

 

 

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