Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (79787)	11/22/2000 3:40:40 PM
From: Wowzer	Read Replies (2) \| Respond to of 95453

I know little ol ROYL does: You would never know it by its price action lately though.... Taken from their 8/00 press release: Don Hosmer, President of Royale Energy commented; "We are currently experiencing record natural gas prices in California. Our September natural gas is being sold at $6.55 per mcf. We are taking advantage of the current strength in commodity prices and the resulting cash flow generated to increase our capital expenditures and drilling schedule through the remainder of the year." He further commented; "Our recent success in our Victor Ranch/East Rice Creek Field has validated our exploration strategy, and the investment that we made into the seismic data in 1998 and 1999. We plan to increase our oil reserves through some of our recent activities and continue to explore options to increase our rates of growth including potential acquisitions and exploration projects." royl.com royl.com