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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Royale Energy, Inc.    ROYL

ROYALE ENERGY, INC.

(ROYL)
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ROYALE ENERGY, INC. : Entry into a Material Definitive Agreement (form 8-K)

06/26/2020 | 04:33pm EST

Item 1.01. Entry into a Material Definitive Agreement

On June 24, 2020, Matrix Oil Management Corp., a subsidiary of Royale Energy, Inc. ("Royale") and RMX Resources LLC ("RMX"), as Sellers, entered into an agreement with 9th St. Partners, LLC, as Buyer, for the sale and purchase of a 1.7 acre tract of land in Commerce, CA owned 50/50 by Sellers, for a purchase price of approximately $2.15 million. Royale owns a substantial interest in RMX through a joint venture with CIC RMX LP. The closing of the transaction is subject to satisfaction of closing conditions including the receipt of all governmental approvals, satisfactory inspections and other customary items.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2019 2,97 M - -
Net income 2019 -0,35 M - -
Net cash 2019 0,58 M - -
P/E ratio 2019 -5,50x
Yield 2019 -
Capitalization 7,15 M 7,15 M -
EV / Sales 2018 1,51x
EV / Sales 2019 1,83x
Nbr of Employees 12
Free-Float 51,1%
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Managers and Directors
NameTitle
Johnny Jordan President, CEO, COO & Director
Stephen M. Hosmer Secretary, Chief Financial & Accounting Officer
Robert J. Vogel Chairman
Mel G. Riggs Independent Director
Thomas M. Gladney Independent Director
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