ROYL - Royale Energy Message Board

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Gold/Mining/Energy : ROYL - Royale Energy

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To: Mark Adams who wrote (86)	1/30/1998 3:42:00 PM
From: Wayne Olive	Read Replies (1) of 141

Mark, I can only speak from my experience with Royale E.. they have been a great company to invest with thus far. I'm glad you got to meet their team and press the flesh. They will be coming to the Atlanta Investment Conference (benefit childhood autism) and I plan to get an update of the latest direct working interest programs there in April. Royale's drill program packages many wells together so there is reduced risk by increased numbers. Further, Royale has recently acquired more ground for future drill programs, and is spending a million or two for more seismic of the 2D and 3D types to identify and increase drilling successes in their programs. I like getting the big tax writeoff's for the first year of investment and then following the monthly checks flowing in monthly from the gas production, which is 15% tax free for depletion purposes. I'm not familiar with either Robo or US Emerald, but Robo sounds like it could be nearby.. where is their corporate office? Wayne

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