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Gold/Mining/Energy : ROYL - Royale Energy

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To: Wayne Olive who wrote (123)4/19/1999 10:13:00 PM
From: Ed Ajootian   of 141
 
Wayne,

With both oil & gas prices recovering so nicely now I believe they should have no problem selling out the present program.

Another negative point I picked from the 10QSB was that they only drilled 8 wells during all of '98 and 6 of them were dry holes! Hopefully this good start they are off to for '99 is an omen for the year.

Sure would be good to get the 1st quarter '99 numbers out of the way before they announce the log results of their Louisiana well. Always want the bad news before the good....
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