LAS VEGAS, Oct. 1, 2009 (GLOBE NEWSWIRE) -- SmallCapSentinel.com announces the release of a profile of emerging Oil and Gas company Royal Energy Resources (OTCBB:ROYE) of interest to investors of oil and gas leaders Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), Conoco Phillips (NYSE:COP), and BP plc (NYSE:BP).
The profile is available at http://smallcapsentinel.com/ROYE
From the report: In August, the U.S. spent $25.2 billion on imported oil. That works out to 355 million barrels, or 60% of the total oil consumed. That's an alarming trend to be sure, but it is statistics like these that make a company like Royal Energy Resources (OTCBB:ROYE) intriguing right now. Royal Energy Resources is a development stage oil and gas explorer focused on finding new energy patches right here in the U.S. Not only is Royal Energy exploring for new sources of oil and natural gas across 12,000 acres in Wyoming, the company also has a significant presence in three counties in oil-and-gas-rich Oklahoma. It's fair to say the company's holdings are somewhat diversified.
Market Update: Royal Energy Resources announced after market Wednesday that the company now owns a 3% overriding royalty interest in Laramie County, Wyoming. The overriding royalty interest encompasses over 1,987 mineral acres, and the oil and gas production will be developed by Cirque Resources LP, a Denver, Colorado based company.
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