ROYL - Royale Energy Message Board

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Gold/Mining/Energy : ROYL - Royale Energy

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To: John M. Allen who wrote (104)	4/12/1999 5:25:00 AM
From: Ed Ajootian	Read Replies (1) of 141

John, The action is finally ready to resume again. ROYL likes to go to these hokey investment shows that come around every so often. I just went to see them at the Boston show on Saturday. They gave a luncheon at the show and Alex Montano was there and spoke as well as Don Hosmer, president. They only have a 7% working interest in this Gulf well, but hey, ya gotta start somewhere. The Gulf will now become a key area of focus for this company, although it will never replace California as the biggest area of focus. The 4 Isle Dome well has been partially logged and so far they found 60 feet of pay. Together with some promising zones downhole, this well could produce at an astonishing 20 mmcf/ day! 4th quarter numbers are due out this week. The earnings are gonna get seriously whacked due to impairments and depletion charges. But cash flow should come in at $.80 a share for the year, right about on CKCooper's target. They've also hit on a California well and news on that should be coming out in a couple of weeks. The stock will probably trade down a bit on the 4th quarter news release so hopefully they can get that out prior to the news on the Louisiana well.

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