Royal Energy Obtains 4% Overriding Royalty Interest in Natrona County Wyoming Oil & Gas Lease
19 Janvier 2010 - 2:00PM
Business Wire
Royal Energy Resources, Inc. (OTCBB:ROYE) is pleased to
announce that the Company now owns a 4% overriding royalty interest
in Natrona County Wyoming. The overriding royalty interest
encompasses over 300 mineral acres, and the oil and gas production
will be developed by Bill Barret Corporation, a Denver,
Colorado-based NY Stock Exchange company.
"The field in Natrona County, Wyoming marks our acquisition in
Wyoming of oil and gas mineral rights. Teaming up with industry
leaders like Bill Barret Corporation is important in achieving
early success in our oil and gas production revenue future," stated
Jacob Roth, President, Royal Energy Resources, Inc. Also, Royal
Energy Resources, Inc. announced today that the Company has
cancelled 2,000,000 shares of previously issued common stock that
was owned by Jacob Roth, President.
About Royal Energy Resources, Inc.
Royal Energy Resources, Inc. ("Royal" or the "Company"), is an
oil and gas exploration and production company and currently owns
interests in Natrona and Weston Counties in Wyoming. Royal has
developed a corporate strategy of identification, acquisition and
development of domestic oil and gas reserves, thereby reducing U.S.
dependence on foreign oil.
Safe Harbor Statement
Certain statements included in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements relate to, among other things, plans and timing for the
introduction or enhancement of our services and products,
statements about future market conditions, supply and demand
conditions, and other expectations, intentions and plans contained
in this press release that are not historical fact and involve
risks and uncertainties. Our expectations regarding future revenues
depend upon our ability to develop and supply products and services
that meet defined specifications. When used in this press release,
the words "plan", "expect", "believe", and similar expressions are
generally considered forward-looking statements. These statements
reflect our current expectations.
Royal Energy Resources (CE) (USOTC:ROYE)
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