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To: Bucky Katt who wrote (43675)	3/9/2011 9:12:07 AM
From: BW	Respond to of 48461

ROYL doing it again. I held almost to 7, it may go past that after yesterday's dump and this news. SAN DIEGO, March 9, 2011 /PRNewswire/ -- Royale Energy, Inc. (Nasdaq:ROYL - News) today announced it earned $1,308,028 for 2010 compared to a loss of $2,197,143 in 2009, an improvement of $3,505,171. For shareholders this translates to $0.12 per share compared to a loss of $0.24 per share in 2009 on a fully diluted basis. These earnings represent the company's best performance in five years. Earnings growth was due to a 34.5% increase in revenue, from $8,625,585 in 2009 to $11,598,440 in 2010, while total expenses decreased 11.6% from 11,818,065 in 2009 to 10,441,909 in 2010. Cash flow from operations reached $2,063,517 or $0.19 per share in 2010 on an increase of 8.8% in Oil & Gas sales. In addition, Royale's total proved reserves jumped 24% in 2010, representing a 373% replacement of the years' production. "While these results are exciting," notes Stephen Hosmer, "we look forward to 2011 when the full effect of our new wells begins to contribute." On September 25, 2010 the Goddard #1 was increased to its full potential, while the Goddard #2 was just placed into production in recent weeks. Drilling of the Hubbard well resulted in a determination that the well would not be commercially productive, while the Goddard #3 is still being evaluated. The Magnum well will begin production when pipeline installation is completed. Setting the stage for the most aggressive drilling schedule in recent years, the company has committed to double its capital expenditure budget for 2011.