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Gold/Mining/Energy : ROYL - Royale Energy
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To: Gary Clarke who wrote (106)3/28/1999 9:05:00 PM
From: Ed Ajootian   of 141
 
Looks like ROYL is finally ready to break out of their rut. The latest rumor is that they will be announcing a farm-in to a Louisiana well any day now. My guess would be its one of TDXT's.

IMO they are doing the right thing by branching out. Louisiana is where the nat. gas action is exploration-wise and the prices there are a lot higher than over in California.

On news, my guess would be Louisiana announcement this week, then 4th quarter earnings & year-end reserves announcement the week after that.
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