Detail akcie Royale Energy online

Business Summary: Royale Energy Funds, Inc. is an independent oil and natural gas producer. The Company's principal lines of business are the production and sale of oil and natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of both exploratory and development wells, and sales of fractional working interests in wells to be drilled by the Company. The Company owns interest in over 70 producing oil and natural gas wells. It is focused on building prospect inventory through acquisitions of property, 3D seismic surveys and field development over some of the natural gas and oil producing fields. It is focused on identifying and developing low risk drilling opportunities wells drilled in known oil and gas fields. It is engaged in operating the Permian Basin (North Jameson) and Pradera Fuego in Texas. It usually sells a portion of the working interest in each well it drills or participates with third-party investors and retains a portion of the prospect for its own account.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2017, Royale Energy Funds Inc revenues decreased 17% to $1M. Net loss decreased 41% to $2.4M. Revenues reflect Supervisory Fees and Other decrease of 33% to $453K. Lower net loss reflects Lease Impairment decrease of 86% to $290K (expense), Gain on Turnkey Drilling Programs increase from $460K to $1.5M (income), General and Administrative decrease of 23% to $2M (expense).