Posts for Ticker ‘ROYL’

A Takeover in the Oil & Gas Minis (ROYL, ASPN)

Oil_well_logo_2Now this is how it’s supposed to work. Royale Energy (NASDAQ:ROYL) has initiated an exchange offer for up to 55% of the outstanding shares of an OTC bulletin board energy company called Aspen Energy (OTC.BB:ASPN). There are about 7.26 million shares of Aspen stock outstanding, so Royale is looking to pick up control of the company for about $4 million.

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Posted on: November 21, 2008 – 8:19 am in Mergers and Buy Outs, Oil & Gas, ,

Royale Discovery Lights Up Interest (ROYL)

Oil_well_logo_2Royale Energy Inc. (NASDAQ: ROYL) has announced that it discovered natural gas in its Andrus Island East well in the Sacramento Basin of California which was drilled as part of its 2008-A drilling project.  While individual finds and individual projects are not major events for larger oil and gas players, this is one very very speculative company with a low market cap and low revenues as you will see below.

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Posted on: October 7, 2008 – 7:26 am in Oil & Gas,