Royale Earns $1,905,595 in 2nd Quarter

Royale Earns $1,905,595 in 2nd Quarter

Achieves 14 Cents a Share

SAN DIEGO, Aug. 5, 2013 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (Nasdaq:ROYL)
today announced financial results for second quarter 2013, reporting a Net
Income of $1,905,595 or 14 cents per basic and fully diluted share. The
favorable results are highlighted by comparison to a loss of $1,316,724 for
the same period in 2012, representing a turnaround of $3,222,319.

The quarterly results bring the full year to a positive result of $549,798 in
Net Income compared to a loss of $2,683,579 in the first half of 2012, a
$3,233,377 improvement.

"We are pleased that the progress we have made on the Alaska North Slope oil
shale property has strengthened our financial position significantly," said
Stephen Hosmer, "We are looking forward to ongoing contribution of this
property to our overall strategy and financial results."

Royale is currently engaged in drilling two natural gas wells in California's
Sacramento Basin and expects to drill three additional wells in the fourth
quarter. With the success of the company's Dorset and Zodiac wells, which are
now on production, total gas production is on the rise at the same time
city-gate gas prices are climbing.

In other areas, the company has reached an agreement for the drilling of
several oil wells on its property in the Fuhrman-Mascho field of the Permian
basin of Texas. Royale will receive an Overriding Royalty and a portion of the
Working Interest in up to eight wells, with the commencement of drilling by
the end of this year.

Alaska North Slope acreage is continuing to advance with the expectation that
an agreement will be signed within the month to acquire seismic data over both
the Western and Central Blocks, with all costs to be borne by Rampart Energy.
Executive from both companies meet with key state officials last month and are
encouraged by the welcome environment the state offers.

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.

Contact:
Royale Energy, Inc.
Chanda Idano, Director of Marketing & PR
619-881-2800
chanda@royl.com
http://www.royl.com

                                      

ROYALE ENERGY, INC.
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
                                                             
                        Three Months Ended June 30, Six Months Ended June 30,
                        2013         2012-restated  2013        2012-restated
                        (Unaudited)  (Unaudited)    (Unaudited) (Unaudited)
                                                             
Revenues:                                                     
Sale of Oil and Gas      $ 457,101    $ 370,950      $ 787,996   $ 867,844
Turnkey drilling         893,667      0              893,667     0
Supervisory Fees and     184,267      164,863        325,038     369,547
Other
                                                             
Total Revenues           1,535,035    535,813        2,006,701   1,237,391
                                                             
Costs and Expenses:                                           
General and              696,201      991,495        1,556,214   2,011,447
Administrative
Turnkey Drilling and     498,700      119,758        541,843     190,158
Development
Lease Operating          241,128      310,821        533,950     606,331
Lease Impairment         0            181,627        0           181,627
Geological and           0            63,657         0           422,686
Geophysical Expense
Inventory Write Down     0            0              0           62,744
Legal and Accounting     80,833       149,572        252,464     419,875
Marketing                65,095       171,922        102,721     326,141
Depreciation, Depletion  239,904      373,657        461,264     737,119
and Amortization
                                                             
Total Costs and Expenses 1,821,861    2,362,509      3,448,456   4,958,128
                                                             
Gain on Sale of Assets   2,294,920    430            2,294,920   1,737
                                                             
Income (Loss) From       2,008,094    (1,826,266)    853,165     (3,719,000)
Operations
Other Income (Expense):                                       
Interest Expense         (102,499)    (35,624)       (303,367)   (68,362)
                                                             
Income (Loss) Before
Income Tax Expense       1,905,595    (1,861,890)    549,798     (3,787,362)
(Benefit)
Income tax provision     0            (545,166)      0           (1,103,783)
(benefit)
                                                             
Net Income (Loss)        $ 1,905,595  $ (1,316,724)  $ 549,798   $ (2,683,579)
                                                             
Basic Earnings (Loss)    $ 0.14       $ (0.12)       $ 0.04      $ (0.24)
Per Share
                                                             
                                                             
Diluted Earnings (Loss)  $ 0.14       $ (0.12)       $ 0.04      $ (0.24)
Per Share
                                                             
                                                             
Other Comprehensive                                           
Income
Unrealized Gain on       $ 0          $ 0            $ 0         $ 342
Equity Securities
                                                             
Other Comprehensive      0            0              0           342
Income, before tax
Income Tax Expense
Related to Items         0            0              0           99
ofOther Comprehensive
Income
                                                             
Other Comprehensive      0            0              0           243
Income, net of tax
                                                             
Comprehensive Income     $ 1,905,595  $ (1,316,724)  $ 549,798   $ (2,683,336)
(Loss)

                 See notes to unaudited financial statements
 
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