Merger Agreement Announcement

SAN DIEGO, Nov. 30, 2016 (GLOBE NEWSWIRE) — Royale Energy, Inc. (ROYL) (“Royale” or the “Company”) and privately held Matrix Oil Management Corporation (“Matrix”) jointly announced today that they have entered into a definitive agreement to merge whereby Royale will acquire substantially all of Matrix, and certain Matrix affiliated entities in exchange for 50% of […]

Settlement Announcement

During 2011 and 2012, special interest groups had filed three cases to oppose the Matrix Whittier Main Drilling Project by filing against the City of Whittier and Los Angeles County related to the issuance of the Company’s development permit (Conditional Use Permit issued by the City of Whittier) for the Whittier Main Drilling Project. During […]

Royale Energy Signs Letter of Intent to Merge With Matrix Oil Corp.

SAN DIEGO, CA — (July 25, 2016) – Royale Energy, Inc. (OTCQB: ROYL) Royale and privately held Matrix Oil Corporation jointly announced today that they have entered into a Letter of Intent to merge in a combined stock and assumption of debt transaction. The $41.5 million transaction remains subject to completion of due diligence reviews […]

City of Whittier Statement on Judge’s Ruling

CITY OF WHITTIER FOR IMMEDIATE RELEASE February 1, 2013 CONTACT: Jeffrey W. Collier, City Manager, (562) 567-9301 CITY OF WHITTIER PLEASED WITH JUDGE’S RULING Whittier Mayor Owen Newcomer indicated today that he is pleased with yesterday’s ruling in Los Angeles Superior Court denying the request for a temporary restraining order (TRO) that would have prohibited […]

City of Whittier Statement Issued on Matrix Oil Project

September 14, 2012 Joint Press Release: The City of Whittier and Open Space Legal Defense Fund are pleased to announce the settlement and conclusion of litigation which has been pending between the two parties concerning the validity of the City’s lease of property located in the Puente Hills to Matrix Oil for aniticipated oil production. […]

Matrix Provides Operational Update

Matrix provided today and update of key project activity to include: 1) The City of Whittier City Council approved on May 8 an amendment to the existing Matrix City lease which removes the required Los Angeles County Consent on drilling. This allows Matrix to move forward with plans to drill its Whittier Main City project […]

Matrix Provides an Update on Permian Basin Activities for 2012

Santa Barbara, CA – Matrix announced today all aspects of its Permian Basin Field activity will be coordinated from its new office in Midland, Texas. The activities to include partner coordination and the pursuit of potential acquisitions will be managed by Mr. Johnny Jordan, President of Matrix Oil Corporation. The company expects to participate in […]

Matrix Announces New Rocky Mountain Property Focus

Santa Barbara, CA – Matrix announced today that it has obtained leases in Northwest Colorado to pursue Niobrara production. The lease position of approximately 3600 acres will allow for Matrix to operate or partner with a local operator to drill and develop shallow, low risk oil targets located within the Niobrara. The lease position is […]