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Gold/Mining/Energy : ROYL - Royale Energy
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To: Roy Chiesa who wrote (17)3/2/1997 10:34:00 PM
From: Wayne Olive   of 141
 
Roy, some time after mid-month they should be releasing their forth quarter
results and year end financials. I was told they were waiting for their
auditors to finish up before publishing their reports.

I expect their results to be very good and at least help them maintain
the five dollar level they reached, even when most oil and gas companies
have dropped off, as momentum of investment flows has slowed into the
energy companies.

I also noticed on their web site that they have issued another newsletter,
dated (Dec - 96). It can be read there on the web.

Wayne
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