Royale Energy, Inc. (OTCMKTS:ROYL) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
(Royale Holdings) will host a conference call and webcast on
Thursday, February 16, 2017, at 10:00 a.m. (Central Standard
Time) to discuss the proposed merger between Royale Holdings,
Royale, and Matrix Oil Management Corporation and its affiliates
(Matrix, and with Royale and Royale Holdings collectively herein
referred to as the Combined Company).
https://attendee.gotowebinar.com/register/6733361210686812674
presentation using slides containing the information attached
hereto as Exhibit 99.1 and incorporated herein by reference. The
slides may be used, in whole or in part, and possibly with
modifications, in connection with presentations to investors,
analysts, and others during 2017. Furthermore, the slides may be
used at meetings with various parties in the normal course of
business including commercial banks, potential investment
partners, acquisition candidates, asset sellers and vendors,
among others.
contained in the slides is summary information that is intended
to be considered in the context of Royales and Royale Holdings
Securities and Exchange Commission (SEC) filings and other public
announcements that Royale may make, by news release or otherwise,
from time to time. Royale or Royale Holdings undertake no duty or
obligation to publicly update or revise the information contained
in this report, however Royale or Royale Holdings may do so from
time to time as their respective management team believes is
warranted. Any updating may be made through the filing of other
reports with the SEC, through news releases or through other
public disclosures.
in the slides qualifies as forward-looking statements that
involve uncertainties and risks related to, the inability of
Royale or Matrix to obtain stockholder approval or satisfy the
conditions to closing, the Combined Companys inability to obtain
an acceptable reserve-based credit facility, integrating the
businesses of the Combined Company, intense competition in the
oil and gas industry, the inability of management of the Combined
Company to execute its plans or meet its goals, shortages in
drilling equipment or oil field personnel, changes in government
regulations or policies, volatile oil and gas prices,
uncertainties associated with oil and gas reserve estimates,
risks and uncertainties involving geology of oil and gas
deposits, health, safety and environmental risks and risks
related to weather, operating and capital costs and need to
replace production and acquire or develop additional oil and gas
reserves, among various other matters. Forward-looking statements
are based on current expectations and assumptions and analyses in
light of experience and perception of historical trends, current
conditions and expected future developments, as well as other
factors appropriate under the circumstances. However, actual
results could differ materially from those projected and
therefore readers should not place undue reliance on the
forward-looking statements contained in, or made in connection
with, the conference call or presentation. Royale or Royale
Holdings do not assume any obligation to update forward-looking
statements should circumstances, estimates, or opinions change.
including Exhibit 99.1 hereto, shall not be deemed to be filed
for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the Exchange Act), or otherwise subject to
liabilities of that section, unless Royale or Royale Holdings
specifically states that the information is to be considered
filed under the Exchange Act or specifically incorporates it by
reference into a filing under the Securities Act of 1933, as
amended, or the Exchange Act. By filing this Current Report on
Form 8-K and furnishing such information to Item 7.01, Royale or
Royale Holdings make no admission as to the materiality of any
information in this Current Report on Form 8-K, including Exhibit
99.1, that is required to be disclosed solely by Regulation FD.
8-K:
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Exhibit No.
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Description
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99.1
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Investor Slideshow Presentation dated February 16, 2017
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About Royale Energy, Inc. (OTCMKTS:ROYL)
Royale Energy, Inc. is an independent oil and natural gas producer. The Company is engaged in the production and sale of natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of exploratory and development wells, and selling of fractional working interests in its wells to be drilled. The Company owns wells and leases located mainly in the Sacramento Basin and San Joaquin Basin in California, as well as in Utah, Texas, Oklahoma, Louisiana and Alaska. The Company sells a portion of the working interest in each well it drills or participates in to third party investors and retains a portion of the prospect for its own account. The Company owns proved developed producing and non-producing reserves of oil and natural gas in Utah, Texas, Oklahoma and Louisiana, as well as prospective shale oil property in Alaska. The Company has drilled over two wells in northern California. Royale Energy, Inc. (OTCMKTS:ROYL) Recent Trading Information
Royale Energy, Inc. (OTCMKTS:ROYL) closed its last trading session up +0.060 at 0.650 with shares trading hands.
