Key Developments: Royale Energy Inc (ROYL.OQ)

ROYL.OQ on NASDAQ Stock Exchange Capital Market

4.30USD
28 Jul 2014
Price Change (% chg)

$-0.22 (-4.87%)
Prev Close
$4.52
Open
$4.49
Day's High
$4.50
Day's Low
$4.19
Volume
68,877
Avg. Vol
95,538
52-wk High
$4.95
52-wk Low
$2.47

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Latest Key Developments (Source: Significant Developments)

Royale Energy Inc announces completion of field acquisition
Thursday, 6 Mar 2014 08:24am EST 

Royale Energy Inc:Completed the field acquisition of its planned seismic survey over the western block of its Alaska North Slope acreage.Data was acquired in cooperation with Rampart Energy and was conducted by SAExploration Inc.  Full Article

Rampart Energy Ltd Closes Financing Of AUD1.8 Million In Support Of Agreement To Participate In Petroleum Exploration In Prolific Onshore North Slope Of Alaska With Royale Energy Inc
Sunday, 2 Jun 2013 07:40pm EDT 

Rampart Energy Ltd announced that it has successfully closed a financing of AUD1.8 million in support of its agreement to participate in petroleum exploration in the prolific onshore North Slope of Alaska with Royale Energy Inc. Highlights of the transcation are: $1.8 million raised by DJ Carmichael to cover funding of the initial acquisition consideration for the Alaskan acreage; Comparative transactions value area in the North Slope at over USD2000 per acre; Rampart has an agreement to earn up to 38,000 net onshore acres in the prolific petroleum producing North Slope of Alaska (75% WI); Surrounded by E&P Super Majors (Conoco, Shell, Repsol etc) and large independents; Very substantial potential for unconventional and oil shale plays; Three new discoveries drilled by Repsol in 2012/2013 (75% success rate) in acreage in the North Slope; Future funding options include farmout or corporate transaction; Manageable, staged entry and earning thresholds focused on 'in-ground' expenditures; Access to Alaskan cash rebate scheme for exploration expenditure with circa 45% of expenditure qualifying for cash rebates; Rampart and Royale corporate objectives and synergies are symbiotic.  Full Article

Rampart Energy Ltd Signs Major Deal With Royale Energy Inc For Alaskan Petroleum Play
Sunday, 26 May 2013 07:59pm EDT 

Rampart Energy Ltd announced signing of an agreement to participate in petroleum exploration in the prolific onshore North Slope of Alaska with Royale Energy Inc. Transaction Summary: Agreement to earn up to 38,000 net acres in the prolific North Slope of Alaska across two contiguous blocks; To earn an initial 10% working interest in the Western Block - Pay USD3.4 million in two tranches ($100 per gross acre), half by June 3, 2013, and half by December 1, 2013 and Issue Options to Royale to purchase USD1.7 million of RTD stock with a strike price of 150% of the VWAP prior to the signature on the agreement; To earn an additional 20% working interest in the Western Block; acquire a 3D seismic survey over both the Western and Central Blocks by March 31, 2014; To earn a final 45% working interest in the Western Block; drill, test and complete two wells, including horizontal sections in target formations by March 31, 2015; and To earn the 75% working interest in the Central Block, RTD must complete the 3D seismic survey above, and pay an additional USD1.7 million by June 30, 2014.  Full Article

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