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Royale Energy – New natural gas discovery

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Royale Energy, Inc. (NASDAQ:ROYL). Last Market Price: 3.26, Change: -0.27, % Change: (-7.65%). Shares trade in the range of 3.06 – 3.92 dollars. It has a market capitalization of 35.08M dollars, making it a Small Cap Stock and has 10.76M outstanding shares. The company has a beta of 0.87, indicating, the stock to be less volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 0.08; P/E of 40.67. It operates in Energy sector and belongs to Oil Well Services and Equipment industry. Percentage shares held by institutional investors is 6%. The company has a 52 week high of $ 7.90 and a 52 week low of $ 1.73. Average volumes of shares traded daily are 157,418. Volume traded in the last session was at 1,100,000, 6.99 times the average volume.

    • Royale Energy, Inc. announces a new natural gas discovery in the Sacramento Basin.
    • The Pacific 1-3 was drilled to a total depth of 7,150 ft. and wireline logs have been run. The well intersected natural gas filled sands in each of the targeted upper, middle, and lower Mokulumne sands. The lower Mokulumne has been completed, flowing over 1,000,000 cubic ft. per day on a restricted 10/64’s choke. With the strong results of the lower sand, the company will reserve the middle and upper Mokulumne zones to be completed following the production of current zone.

For Q2 (Jun ’11), It had a Net profit margin of 7.46%, an Operating margin of 12.67%. Other Key stats and ratios are : Return on average assets of 3.99%, Return on average equity of 8.76%. The organization has an employee strength of 22

The company has also added new production with the recompletion of new zones in several of its existing wells.

  • Andrus Island well is now producing 250,000 cubic ft. per day from a shallower formation in the well.
  • Andrus East was recompleted with a high pressure of 1100 psi and will be placed into production this month.
edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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