Royale Energy, Inc.

Royale Energy, Inc., (Nasdaq: ROYL) is an independent exploration and production company focused on the acquisition, development, and marketing of natural gas from its reserves in the Sacramento and San Joaquin basins in California, the Gulf Coast of Texas, and the Rocky Mountains. The company's principal lines of business include the acquisition of natural gas and oil properties with proven reserves, and the drilling of development and exploratory wells. In September 2004, Oil & Gas Journal ranked Royale Energy eighth for highest return on stockholders' equity for all publicly traded oil and gas companies.