ROYE .011 is a fully reporting (OTCQB) stock with great share structure and PPS for entry with potential for nice bounce on news of royalty stake in oil and gas...
Share Structure Market Value1 $943,401 a/o Nov 07, 2011 Shares Outstanding 85,763,731 a/o Jun 30, 2011 Float 41,000,000 a/o Mar 15, 2011 Authorized Shares 100,000,000 a/o Dec 02, 2007
ROYE NEWS:Royal Energy Bolstered by Encouraging News Regarding Its 4 Percent Overriding Royalty Interest in Natrona County, Wyoming Oil & Gas Lease
Industry Publication Reports Dallas-Based, Hunt Oil Has Spud the Horizontal Niobrara Within the Wind River Basin in Natrona County BROOKLYN, NY, Nov 08, 2011 (MARKETWIRE via COMTEX) -- There is some encouraging news for Royal Energy Resources, Inc. (OTCBB: ROYE). According to a recent article in the Rocky Mountain Oil Journal, Dallas-based Hunt Oil, has spud the horizontal Niobrara within the Wind River Basin in Natrona County, Wyoming. Royal owns a 4 percent royalty interest in an oil and gas lease in Natrona County. The overriding royalty interest encompasses over 300 mineral acres.
The article indicated that Hunt has moved in, rigged up and spud the Hoc#152896 NS, SE-SR G 31N 82 in Natrona County.
"This is very encouraging news for our royalty rights in Natrona County," stated Jacob Roth, President of Royal Energy Resources. "This validates the potential for our oil and gas production and future revenue. We are cautiously optimistic of achieving early success with this royalty interest."
Roth indicated that the company continues to aggressively pursue additional oil and gas mineral rights acquisitions.
About Royal Energy Resources, Inc.
Royal Energy Resources, Inc. ("Royal" or the "Company"), is an oil and gas exploration 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 Ph: (800) 620-3029
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