Royale Energy Elects New Independent Directors
July 31 2018 - 12:56PM
Royale Energy, Inc., (OTCQB : ROYL) is pleased to
announce the election of 4 new members to its board of
directors. Mel Riggs, Robert Vogel, Tom Gladney and Barry
Lasker received the vote of the company’s shareholders as
recommended in the proxy.
Following the election, the board voted to appoint Mel G. Riggs
to the position of chairman. Presently Mr. Riggs is
affiliated with the Clayton Williams group of companies and has
previously served as President of Clayton Williams Energy, Inc.
Jonathan Gregory was re-elected to the board and selected as
vice-chairman. Mr. Gregory has served on Royale’s board since 2014.
Mr. Gregory is the chief executive officer of RMX Resources, LLC,
the developer of the Los Angeles Basin, Sansinena Field.
Johnny Jordan and Rod Eson were also re-elected. Mr. Jordan
currently serves as Royale’s chief operating officer, and Mr. Eson
is the current chief executive officer.
Tom Gladney, since 2006, has served as president of privately
held Bodog Resources, LLC, as a wholly owned private entity which
invests in oil and gas, water treatment oil field services, and
real estate. Mr. Gladney previously served as executive vice
president of Plains Exploration and Production Company (PXP) where
he helped increase proved reserves from 239 MMEB to more than 400
MMEB while directing various projects to include integration of the
merger of two large public companies, work on development and
exploration projects in the Gulf of Mexico and on several key
engineering projects.
Barry Lasker has served as founder and managing partner of Baja
Oil and Gas LLC, which is focused on exploration projects using
geology and geophysics in South Texas since 2017. From January 2005
to January 2015, Mr. Lasker served as president and CEO of Enhanced
Oil Resources, Inc. (TSX Venture Exchange). Mr. Lasker has 34 years
of oil and gas experience with majors and small public and private
companies.
Robert Vogel is a Principal at Lucas Capital Management, a
registered investment advisor providing a full suite of financial
services to individuals and institutional clients. He is a seasoned
executive with extensive background in the energy industry.
Harry E. Hosmer, Royale’s founder and chairman of the board
since its inception, retired from board and was named chairman
emeritus.
About Royale Energy. Inc. Royale Energy, Inc.
(OTCQB: ROYL) is an independent exploration and production company
focused on the acquisition, development, and marketing of oil and
natural gas. The Company has its primary operations in California’s
Los Angeles and Sacramento Basins.
Forward-Looking Statement 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 619-383-6600 chanda@royl.com
http://www.royl.com
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