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Gold/Mining/Energy : ROYL - Royale Energy -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (135)	5/29/1999 8:34:00 AM
From: Wayne Olive	Read Replies (2) \| Respond to of 141

Ed.. That is not a short term problem, but over the long, long term it could come to the forefront if the trend you describe continues. However, there are several factors at play... I think they have a substantial line of credit, and also there is a general forecast for strengthening of natgas prices, and with CA leading the way into energy competition, Royale is positioned in the right market at the right time. Success will be determined one well at a time. I'm optimistic, given their announcements of a series of successful wells year to date.