Royal Energy Obtains 4% Overriding Royalty Interest in Natrona County, Wyoming Oil & Gas Lease
Date : 02/24/2011 @ 11:09AM
Source : MarketWire
Stock : Royal Energy Resources, Inc. (ROYE)
Quote : 0.03 0.015 (100.00%) @ 12:10PM
Royal Energy Obtains 4% Overriding Royalty Interest in Natrona County, Wyoming Oil & Gas Lease
Royal Entergy Res (OTCBB:ROYE)
Intraday Stock Chart
Today : Thursday 24 February 2011
Royal Energy Resources, Inc. (OTCBB: ROYE) is pleased to announce that the Company now owns a 4% overriding royalty interest in an oil and gas lease in Natrona County, Wyoming. The overriding royalty interest encompasses over 300 mineral acres, and the oil and gas production will be developed by Bill Barrett Corporation, a Denver, Colorado-based NYSE company.
"The field in Natrona County, Wyoming marks another acquisition in Wyoming of oil and gas mineral rights. Teaming with industry leaders like Bill Barrett Corporation is important in achieving early success in our gas production revenue future," stated Jacob Roth, President of Royal Energy Resources, Inc.
About Royal Energy Resources, Inc.
Royal Energy Resources, Inc. ("Royal" or the "Company"), is an oil and gas exploration and production company and currently owns interests in Natrona and other counties in Wyoming. Royal has developed a corporate strategy of identification, acquisition and development of domestic 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
Ph: (800) 620-3029
