Royal Energy Resources, Inc. – OTCBB: ROYE
Shares outstanding – 22,300,000
Estimated Float – 6,500,000
Corporate Overview
Royal Energy Resources, Inc., (OTCBB: ROYE) founded in 1999 and headquartered in Brooklyn, NY, is a development stage company focusing on energy projects within the United States. The Company has been a successful bidder in the U.S. Government auctions to purchase certain oil and gas lease rights. The oil and gas leases currently comprise approximately 10,000 acres and 12,000 acres in Crook, Banner, Weston, Goshen, Niobrara, Converse, Campbell, Freemont, Laramie, Sublette and Platt Counties, Wyoming. The Company is negotiating with energy companies to develop the potential resources that may be contained in these properties in Wyoming. The Company has entered into agreements and then sold, by assignment, the rights, title and interest in certain of these leases and retained an over-riding royalty interest.
Key Investor Points
• To date, four wells have been drilled with the fourth well near completion in northern Oklahoma. The well, when drilled, showed both oil and natural gas zones, with the oil zone showing the most promise.
• Two of the four wells in northern Oklahoma have begun generating initial sales.
• Royal Energy has located multiple oil and gas reserves at shallow depths decreasing chances of dry holes.
• The Wyoming fields have the potential to be as prolific as the oil and gas fields in South Dakota which includes the Bakken Formation
• The majority of the wells drilled by ROYE have drilling and completion costs below $90,000
• Royal Energy has a relative small debt load at the corporate level and practically no overhead.
Key Industry Points
• According to the U.S. Geological Survey, the Bakken Oil Formation consists of approximately 3.0 to 4.3 billion barrels of technically recoverable oil.
• Both the U.S. Department of Energy and the International Energy Agency project that global energy use will increase almost 50% between 2006 and 2030 with oil still providing 30% or more of the world’s energy.
• Between 2000 and 2007, 85% of the growth in world oil demand was in the developing world. This shift continues: This year, more new cars have been sold in China than in the United States.
ROYE Management Team
Jacob Roth, President, CEO
Jacob Roth has been Chief Executive Officer, President and Chief Financial Officer of Royal Energy Resources, Inc. (formerly, World Marketing Inc.) March 22, 1999. Previously, Mr. Roth served as Principal Financial Officer and Principal Accounting Officer of Royal Energy Resources, Inc. Mr. Roth served as Chief Executive Officer of KIT digital, Inc. (formerly Virilitec Industries Inc.) from July 1, 2002 to December 1, 2003. Mr. Roth served as President of JR Consulting, a public corporation, from 1982 to 1995. Mr. Roth has been Director of Royal Energy Resources, Inc. since March 22, 1999.
Richard W. Miller, Treasure Resources Inc., Consultant for Oil and Gas
Petroleum land man. Worked for Hunt Energy Corporation for 2 years . For a five years period ran title for a mergers and acquisitions group for Exxon Corporation.
Contact Information
Company
Royal Energy Resources
256-60 Broadway, Room 309
Brooklyn, NY 11211
Phone: (800) 620-3029
Fax: (718) 384-3612
Investor Relations
David Donlin
The Cervelle Group, LLC
855 East Plant Street Suite 1700
Winter Garden, FL 34787
Phone: +1 407 614 5959
Fax: +1 407 614 5960
