# EDGAR Filing Document

**Accession Number:** 0001694617
**File Stem:** 0001185185-23-000254
**Filing Date:** 2023-3
**Character Count:** 7680
**Document Hash:** 03b8855f3ff63e2fde369be40ce78a64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001185185-23-000254.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001185185-23-000254

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230327

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Royale Energy, Inc.
- **CENTRAL INDEX KEY:** 0001694617
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **IRS NUMBER:** 814596368
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-55912
- **FILM NUMBER:** 23762547

**BUSINESS ADDRESS:**
- **STREET 1:** 1530 HILTON HEAD RD
- **CITY:** EL CAJON
- **STATE:** CA
- **ZIP:** 92019
- **BUSINESS PHONE:** (619) 881-2800

**MAIL ADDRESS:**
- **STREET 1:** 1530 HILTON HEAD RD
- **CITY:** EL CAJON
- **STATE:** CA
- **ZIP:** 92019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Royale Energy Holdings, Inc.
- **DATE OF NAME CHANGE:** 20170112

?xml version="1.0" encoding="ASCII"? royaleinc20230324_8k.htm

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

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**FORM 8-K**

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of report (Date of earliest event reported): March 27, 2023** 

<u>**Royale Energy, Inc.**</u>

**(Exact Name of Registrant as Specified in Charter)**

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| | | |
|:---|:---|:---|
| <u>**Delaware**</u> | <u>**000-55912**</u> | <u>**81-4596368**</u> |
| (State or Other Jurisdiction<br> of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| **1530 Hilton Head Road, Suite 205**<br> <u>**El Cajon, California**</u> | **1530 Hilton Head Road, Suite 205**<br> <u>**El Cajon, California**</u> | <u>**92019**</u> |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Zip Code) |

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<u>**(619) 383-6600**</u>

(Registrant's Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 7.01**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Regulation FD Disclosure.**

On March 27, 2023, Royale Energy, Inc. issued a news release announcing the initial production rates of the first well drilled on its Joint Development Agreement with Ares Energy LTD in Ector and Andrews Counties, Texas in the Permian Basin. The news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the foregoing information, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, or shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing..

**Item 9.01**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Statements and Exhibits.**

99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [News Release dated March 27, 2023.](ex_492968.htm)

104&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cover Page Interactive Data File (embedded within the Inline XBRL document).

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: March 27, 2023 | **ROYALE ENERGY, INC.** | **ROYALE ENERGY, INC.** |
|  | By:  | /s/ Johnny Jordan |
|  |  | Johnny Jordan |
|  |  | Chief Executive Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**First Well Completed on the Permian Basin Joint Development Agreement**

***Royale Announces initial rate of 818 BOPD and 1,100 MCFD***

**March 27, 2023 -- San Diego, California** – **Royale Energy, Inc., (OTCQB : ROYL),** is pleased to announce initial production rates for the first well drilled on the Joint Development Agreement (JDA). The JDA was executed and announced November 21, 2022. This project is a horizontal resource play in the Mississippian interval. Royale Energy and its investors collectively own a 5% working interest in this first well drilled on the 6900 net acres project in Texas.

**<u>OPERATIONS</u>**

To date, there have been two wells drilled on this acreage. The first well demonstrated an initial production rate of 818 BOPD & 1.1 MMcf/d with expected reserves exceeding 1,400,000 barrels of oil equivalent.

The second well drilled on the JDA has been drilled safely and without incident to its intended target depth. The completion operations for the second well are expected to start late in the second quarter of 2023.

As used in this press release, "BOPD" means barrels of oil per day, "MMcf/d" means million cubic feet per day.

**<u>FORECAST</u>**

We anticipate participating in drilling 4-6 additional wells on this project in 2023.

**About Royale Energy. Inc.**

Royale Energy, Inc. (OTCQB: ROYL) is an independent exploration and production company based in San Diego, California, focused on the acquisition, development, and marketing of oil and natural gas. The Company has its primary operations in California's Los Angeles Basin and Texas's Permian Basin.

**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.

Mark Larson -Public Relations & Media

619-383-6600 marklarsonmedia@gmail.com