Royal Energy Resources, Inc. (ROYE)

[Timothy Smith]

What's the next move here on $ROYE?

Royal Energy Resources, Inc. (ROYE) Signs LOI with Chase Oil Corporation and Retains 1% Overriding Royalty in Converse County, Wyoming Oil and Gas Lease

Aug 6, 2012 3:47:00 PM
BROOKLYN, N.Y., Aug. 6, 2012 /PRNewswire/ -- Royal Energy Resources, Inc. (OTCBB: ROYE), is pleased to announce that the Company signed an LOI with Chase Oil Corporation to sell its interest in 320 mineral acres in Converse County, Wyoming. The Company will retain a 1% overriding royalty interest as a part of the transaction.

"The field in Converse County makes another acquisition in Wyoming of oil and gas mineral rights which is important in achieving early success in our oil and gas development stage future revenue," stated Jacob Roth, President of Royal Energy.

We look forward to keeping you updated in the near future.

About Royal Energy Resources, Inc.

Royal Energy Resources, Inc. ("Royal" or the "Company"), is an oil and gas development stage exploration and production company and currently owns interests in other counties in Wyoming. Royal has developed a corporate strategy of identification, acquisition and development of domestic oil and gas reserves, thereby reducing U.S. dependence on foreign oil.

Safe Harbor Statement

Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is for informational purposes only and is not an offer or solicitation to buy or sell the securities.

Contact:

Royal Energy Resources, Inc.

Jacob Roth President - Tel [phone]







SOURCE Royal Energy Resources, Inc.