Royale Energy, Inc. Announces Management Changes
September 21 2015 - 8:46PM
Royale Energy, Inc. (NASDAQ:ROYL) announced today changes to its
senior management team. Jonathan Gregory has been appointed as
Chief Executive Officer and Vice Chairman of the Board to
spear-head a shift into an acquisition growth strategy for Royale.
Donald Hosmer will be retaining his position as President –
Business Development, and Stephen Hosmer remains as Chief Financial
Officer and President. These changes will support this new growth
strategy, and provide a streamlined process to evaluate and
consider acquisition opportunities.
Jonathan Gregory joined the Board of Directors
of Royale in June 2014. Prior to being appointed CEO and Vice
Chairman, Jonathan was CFO of Americo Energy Resources, a private
Houston based oil and gas company. Prior to this position,
Mr. Gregory was Executive Vice President at Texas Capital Bank,
directing the banks oil and gas lending operations in Houston.
Mr. Gregory has spent a total of 25 years in the commercial
banking sector, having been with Guaranty Bank and Bank One prior
to his position at Texas Capital Bank.
Harry Hosmer, Chairman of the Board of
Directors, commented, “Jonathan was a key addition to our board of
directors in 2014, and in this current low price commodity
environment, we believe that somebody with Jonathan’s skill set and
relationships will be ideally positioned to help Royale take
advantage of these opportunities. ”
Jonathan Gregory added, “Royale, like many
independent oil and gas companies, faces a number of challenges in
these current market conditions. Challenging times
always present opportunity. Royale has survived through
multiple cycles, and I believe that we will see many opportunities
to both reposition and grow the Company.”
Mr. Gregory will remain in Houston, Texas where
Royale will be establishing an office.
About Royale Energy, Inc.
Founded in 1986, Royale Energy, Inc.
(NASDAQ:ROYL) is an independent exploration and production company
focused on the acquisition, development, and marketing of natural
gas. Royale Energy has its primary operations in the Sacramento and
San Joaquin basins in California.
Forward Looking Statements
In addition to
historical information contained herein,
this news release contains
“forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, subject to
various risks and uncertainties that could cause the company’s
actual results to differ materially from those in the
“forward-looking” statements. While the company believes its
forward looking statements are based upon reasonable assumptions,
there are factors that are difficult to predict and that are
influenced by economic and other conditions beyond the company’s
control. Investors are directed to consider such risks and other
uncertainties discussed in documents filed by the company with the
Securities and Exchange Commission.
Contact:
Royale Energy, Inc.
Chanda Idano, Director of Marketing & PR
619-353-6600
chanda@royl.com
http://www.royl.com
Royale Energy (QB) (USOTC:ROYL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Royale Energy (QB) (USOTC:ROYL)
Historical Stock Chart
From Apr 2023 to Apr 2024