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

July 06, 2010 10:55 ET

Regal Resources Inc. to Commence Water Flood on Vincent Oil Properties

AUSTIN, TX--(Marketwire - July 6, 2010) -  Regal Resources Inc. (PINKSHEETS: RSOU) (FRANKFURT: R7P1) an emergent diversified oil and gas operator specializing in oil and gas exploration and oil field services, has initiated a water flood on the Oklahoma located Vincent Oil Asset properties. The flooding is expected to increase the production numbers from the fields that are producing from the Bartlesville formation. The company's engineering team is mapping out a new drill plan for the fields. There are five fields on the properties with an estimated 1,473,099 bbls of oil reserves. Regal will report on production progress as information becomes available.

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