SOURCE: Regal Resources Inc. (Royal Petroleum Corp.)

March 24, 2010 10:36 ET

Regal Resources Inc. Outlines Company's Current Oil Field Operations

MUSKOGEE, OK--(Marketwire - March 24, 2010) -  Regal Resources Inc. (PINKSHEETS: RSOU) (DE: R7P1) -- an emergent diversified oil and gas operator, specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, oil field services, and distribution released the following oil field overview.

Currently the company owns 2 oil lease properties:

1/ Willie Wolf Lease (Olney Texas) North Texas
300 acres
13 wells
12 producing
1 injection well to return water back into the ground
150 acres have been farmed out to a third part operator that will commence a drilling program on the lease properties.
The operator will be responsible for all drilling expenses with Regal Resources sharing in a percentage of all gross revenues obtained.

2/ Copley Lease (North Texas)
80 acres
2 wells
1 producing
1 injection return well

Regal is pursuing an additional 4 lease opportunities in the North Texas area and at present is conducting the regular due diligence.

The company will provide updates on these and other operations on our new website at www.regalres.com

About Regal Resources Inc.

Regal Resources Inc. is an emergent diversified oil and gas operator, specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, oil field services, and distribution. Our mission is to deliver a competitive and sustainable rate of return to our oil and gas shareholders by developing, acquiring and exploring for oil and gas resources vital to the world's economic welfare.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Contact Information

  • Contact: Regal Resources Inc.
    Ron Edwards
    Investor Relations Coordinator
    405-443-4769
    Email: info@regalres.com