Royale Energy, Inc. Reports Positive Cash Flow From Operations for 2012

Royale Energy, Inc. Reports Positive Cash Flow From Operations for 2012

SAN DIEGO, April 16, 2013 (GLOBE NEWSWIRE) -- Royale Energy, Inc.
(Nasdaq:ROYL) announced the filing of its annual financial statements for
year-end 2012. These statements reflect a positive cash flow from operations
for the third consecutive year. Prior to a negative cash flow from operations
in 2009, Royale has reported a positive cash flow from operations since 1996.

Royale's reported net loss of $11,961,026, or (1.07) per share, for the year
ending 2012 was largely due to a non-cash valuation allowance of the Company's
deferred tax assets. Its $7,434,909 Income Tax Provision is anticipated to be
recovered as the Company returns to profitability. Market conditions,
including higher drilling costs and the lowest natural gas prices in 10 years,
further affected the Company's results.

Royale is actively pursuing plans to drill 3 wells in California's Sacramento
Basin in the coming month, and together with the announced plans for a joint
venture to develop its key Alaska property, management remains optimistic for
the Company's and the industry's outlook.

Forward Looking Statements

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.


                                                  2012          2011-RESTATED
Sale of Oil and Gas                                $1,673,538    $4,879,397
Turnkey drilling                                   2,028,863     5,794,427
Supervisory Fees and Other                         692,344       858,586
Total Revenues                                     4,394,745     11,532,410
Costs and Expenses:                                             
General and Administrative                         3,640,336     4,039,209
Turnkey Drilling and Development                   449,536       3,523,372
Lease Operating                                    1,139,750     1,517,920
Lease Impairment                                   200,778       4,529,058
Geological and Geophysical Expense                 423,459       111,390
Inventory Write Down                               62,744        258,043
Bad Debt Expense                                   263,767       86,294
Legal and Accounting                               518,511       933,856
Marketing                                          594,118       713,495
Depreciation, Depletion and Amortization           1,448,002     2,362,065
Total Costs and Expenses                           8,741,001     18,074,702
Gain on Sale of assets                             8,100         759,763
Loss From Operations                               (4,338,156)   (5,782,529)
Other Income (Expense):                                         
Interest Expense                                   (195,009)     (138,218)
Gains on Marketable Securities                     7,048         0
Loss Before Income Tax Expense                     (4,526,117)   (5,920,747)
Income Tax Provision (Benefit)                     7,434,909     (1,732,506)
Net Loss                                           ($11,961,026) ($4,188,241)
Basic Earnings Per Share:                                       
Net Loss available to common stock                 ($1.07)       ($0.39)
Diluted Earnings Per Share                         ($1.07)       ($0.39)
Other Comprehensive Income                                      
Unrealized Gain on Equity Securities               $0            $4,275
Less: Reclassification Adjustment for Gains        (7,048)       0
Included in Net Loss
Other Comprehensive Income, before tax             7,048        4,275
Income Tax Expense Related to Items of Other       0             1,240
Comprehensive Income
Other Comprehensive Income, net of tax             7,048        3,035
Comprehensive Loss                                 ($11,953,978) ($4,185,206)

CONTACT: Royale Energy, Inc.
         Chanda Idano, Director of Marketing & PR
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