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ROYE Royal Energy Resources Inc (CE)

0.50
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Royal Energy Resources Inc (CE) USOTC:ROYE OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.50 0.00 01:00:00

Royal Energy Resources Notes Increased Drilling Activity in Laramie County, Wyoming

24/05/2010 4:41pm

Business Wire


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ROYAL ENERGY RESOURCES, INC. (OTCBB: ROYE) announced today that interest in the oil and gas resources in Laramie County, Wyoming appears to be increasing. Specifically, the Wyoming Oil and Gas Conservation Commission has recently approved an application by EOG Resources, Inc. to engage in horizontal well drilling in the Niobrara Formation. EOG Resources, Inc., a Texas-based company listed on the NYSE, is one of the nation's largest oil and gas companies. The area in which EOG Resources proposes to drill is in the vicinity of the area of Laramie County in which Royal Energy Resources holds a mineral interest.

In 2009 Royal Energy Resources acquired a 3% override royalty interest in 1,987 mineral acres in Laramie County from Cirque Resources LP, a Denver-based oil and gas company.

"The decision by EOG Resources to drill horizontal wells in the Niobrara Formation supports our decision to invest in Laramie County," said Jacob Roth, President of Royal Energy Resources.

About Royal Energy Resources, Inc.

Royal Energy Resources, Inc. ("Royal") is an oil and gas exploration and production development stage company. It currently owns mineral interests in Laramie County, 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

Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions are generally considered forward-looking statements. These statements reflect our current expectations. This release is provided for information purposes only and is not an offer or solicitation to buy or sell the securities.

1 Year Royal Energy Resources (CE) Chart

1 Year Royal Energy Resources (CE) Chart

1 Month Royal Energy Resources (CE) Chart

1 Month Royal Energy Resources (CE) Chart