SOURCE: The Bedford Report

The Bedford Report

March 11, 2011 11:25 ET

Lucas & Royale Energy Investors Begins Taking Profits

The Bedford Report Provides Analyst Research on Lucas & Royale Energy

NEW YORK, NY--(Marketwire - Mar 11, 2011) - As hostilities continue in Libya, small cap energy stocks have been posting significant gains during oil's recent spike in price. While analyst consensus is that the world can function without Libya's exports, Victor Shum, an energy analyst at Purvin and Gertz, warns "the worry is about what's next. What if protests persist in Iran and things get out of hand?" In recent weeks, investors have been focussed on the small cap energy companies that do not have exposure to Libya and other troubled spots, but stand to benefit from higher oil prices. The Bedford Report examines the outlook for companies in the Independent Oil and Gas Industry and provides research reports on Lucas Energy, Inc. (NYSE Amex: LEI) and Royale Energy, Inc. (NASDAQ: ROYL). Access to the full company reports can be found at:

With many in the small cap energy sector -- Lucas and Royal Energy for example -- hitting 52 week highs in the last week, many analysts have suggested that investors are starting to take some of their profits after massive runs.

Shares of Lucas Energy nearly doubled this month after the oil company reported the completion of a Hilcorp Energy-operated Eagle Ford horizontal well. The well is expected to be put on production in a few weeks and Lucas expects it to meet or exceed expectations of 500 barrels of oil per day.

The Bedford Report releases regular market updates on the Major Integrated Oil & Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

For 2010, Royale Energy reported a net income of $1.3 million, or 12 cents a share, compared with a loss of $2.2 million, or 24 cents a share, a year ago. The company's revenue rose 35 percent to $11.6 million on the back of higher fuel prices. "While these results are exciting, we look forward to 2011 when the full effect of our new wells begins to contribute," the company said in a statement. The company said it is committed to double its capital expenditure for 2011 to pursue an "aggressive" drilling schedule.

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