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Company:
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ROYALE ENERGY, INC. (ROYL)
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Form Type:
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4
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Filing Date:
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8/22/2019
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CIK:
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0001694617
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Address:
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1870 CORDELL COURT, SUITE 210
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City, State, Zip:
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EL CAJON, California 92020
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Telephone:
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(619) 383-6600
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$0.14
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Change:
0.00 (0.00%)
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Trade Time:
Jul 08
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Market Cap:
$7.18M
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Description of Business
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Royale Energy, Inc. ("Royale" or the "Company") is an independent oil and
natural gas producer incorporated under the laws of Delaware. Royale's principal
lines of business are the production and sale of oil and natural gas,
acquisition of oil and gas lease interests and proved reserves, drilling of both
exploratory and development wells, and sales of fractional working interests in
wells to be drilled by Royale. Royale was incorporated in Delaware in 2017 and
is the successor by merger (as described below) to Royale Energy Funds, Inc., a
California corporation formed in 1983. On December 31, 2019, Royale and its
consolidated subsidiaries had 12 full time employees.
Merger with Matrix Oil Management Corporation
On March 7, 2018, Royale Energy, Inc. ("Royale"), Royale Energy Funds, Inc.
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