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Oct. 21, 2013, 2:22 PM
- Royale Energy (ROYL -0.7%) reports Q3 earnings of $0.04/share vs. prior-year loss and a single analyst estimate of breakeven, and revenues rose 465% Y/Y to $3.12M vs. single estimate of $2.34M.
- ROYL says the results indicate a successful turnaround with reduced expenses and elimination of long-term debt, combined with increased production from new wells and prices at $4/Mcf.
Aug. 5, 2013, 2:01 PM
Royale Energy Inc is an independent oil and natural gas producer. It is engaged in the production and sale of natural gas, acquisition of oil and gas lease interests and proved reserves, and drilling of both exploratory and development wells.
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